CityFarmer, seems like the UOB Kay Hian got it wrong abt the government's plans for the property market. Now that the election is over n they have won by such a big margin, it no property market easing measure is in sight.
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Dont think so. Everyone is watching PAP moves post-election. Every Opposition supporters is shouting FT/PR floodgates are going to open wide after election, GST 10%, etc
Any shift back to SG Inc too fast will cause a lot of bad blood and sense of betrayal. Making 'humbled' talk empty words.
Prices drop 20% and SIBOR 3% then say.
The experts' view on the property curbs...
Singapore vote won’t reverse property curbs -- a price drop will
SINGAPORE (Sept 16): For those holding out for a roll back of property curbs after an election victory by Singapore’s ruling party, the wait may be longer than anticipated.
The People’s Action Party’s emphatic win at Friday’s polls won’t be enough to reverse measures put in place as far back as 2009. The pace of decline in the city’s home prices need to double the 6.7% drop from the peak two years ago before any of the restrictions will be eased, according to Chestertons Singapore and RHB Research Institute Singapore.
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http://www.theedgemarkets.com/sg/article...-drop-will