Residential prices will have to fall by as much as 15 per cent before the Government considers relaxing the property cooling measures, economists say.
They note that while home prices have come down, they still have some way to fall before a change of policy can be triggered, although the moves on interest rates in the United States may have some bearing as well.
Tagged in:
Balance of demand and supply
Change of policy
Ease on global interest rates
Heavily leverage hosueholds
Housing Affordability/ Financial Stability
Housing mortgage loan rates
Immigration Policies
Infrastructure
More pro-growth policies
Property prices versus rentals
Singapore Property Cooling Measures
Supply of Housing in the pipeline