More Cooling Measures are expected in 2021 from Government intervention to cool the market

Singapore Property

 

More sector analysts expect the Singapore government to cool down the private home market, although rising housing prices have been the main possible risk factor in the subsequent six months.

This is focused on the new Real Estate Sentiment Index released by the Singapore Real Estate National University (SNU+RE) which represents the Real Estate Department and the University’s Real Estate and Urban Studies Institute.

The quarterly survey analyzed around 40-50 senior management in the immobilization field who track the pulse closely on markets.

The future possibility of government action to calm off the sector, which in Q4 2020 increased to 44.7%, from 19.2% in Q3 2020 was a substantial increase.