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This is something funny that just happened.
A colleague was saying out loud that there is a big chill in Europe. Another colleague asked if they were also having cooling measures in Europe?
This shows how, after seven rounds, "cooling measures" as a phrase has become significantly entrenched in the minds of Singaporeans.
As people in Europe experience heavy snow and blizzards far away from us in Singapore, we are experiencing chills in the form of property cooling measures.
About ten months ago, I wondered in a blog post if there would be more cooling measures and if they would extend to industrial properties. I also opined that developers would probably be offering more discounts in time to come. At that time, many friends were still very optimistic about the property market.
Well, the government has not disappointed. Neither have the developers.
Would we see a round 8? The number 8 could be an auspicious start to the Chinese New Year. No?
Related post:
More cooling measures on the way?
Bloggy Award
1 comments:
Many Singaporean property developers notch losses, underperforming the benchmark index, amid reports that they have been offering discounts at new home sales following Singapore’s aggressive property-market curbs taken this month.
For 2013, the analyst reckons residential prices to ease by about 5%--with high-end homes declining more than mass-market apartments--and sales volumes to slip by 20%-40%.
Dow Jones & Co, Inc
Monday, 21 January 2013
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