Everyone, from property industry professionals to home buyers, were caught off guard when the government announced the latest cooling measures, with many analysts and developers stating that they were unexpected and the harshest they have seen by far.
“At first glance, these latest cooling measures do seem pretty drastic, especially when both transactions and price growth in Singapore are declining and there is significant supply coming into the market during 2012/13,” said PropertyGuru Group CEO Steve Melhuish.
