While Singapore's property market has shown signs of cooling, with volume of new private home sales halving this year, it has defied expectations of a sharp correction.
Developers sold 7,137 private residential units in the first 11 months of 2014, with sales expected to total 7,500 by year-end - a 50 percent on-year drop, driven by weakening demand.
Prices, in contrast, have proved relatively resilient as developers and private home sellers stand their ground.