UOL Group, which yesterday posted a 13 per cent year-on-year drop in third-quarter net profit to $87.8 million, said that the recent restrictions to the tenure of housing loans could moderate housing demand in Singapore. This, combined with more supply coming on-stream, means any rise in private home prices is expected to be moderate.
"The residential market is still driven by high liquidity and low interest rates...Competition for acquisition of new (residential) sites is expected to remain intense," it added.