Look at what happen to China in 2010-2011. When the Chinese government reduce the curbs to bail out the developers, they cause property prices to escalate again. That should be a good lesson for Singapore.
Government role is not to bail out property developers. By relaxing on the curbs now, they will only send the wrong signal to overseas opportunists who had encroached on local developers' territory.
Government role is not to bail out property developers. By relaxing on the curbs now, they will only send the wrong signal to overseas opportunists who had encroached on local developers' territory.