Looking ahead at impact of property cooling measures

Sales volumes may slow moderately in the short term as buyers adopt a wait-and-see attitude

Visitors at the sales gallery of luxury development The Commodore in Sembawang last November. With the new measures, a temporary pullback in demand is expected for the upper end of the property market. PHOTO: ST FILE
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Pandemic-fuelled demand coupled with a depleting housing supply drove property prices in Singapore to new records last year.

Based on the latest flash estimates released by the Urban Redevelopment Authority and Housing Board, both the private residential and HDB resale price indexes for last year registered their fastest annual growth since 2010.

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