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Impact of ABSD hike on housing market could go two ways
The cooling measures aimed at reining in a runaway private property market come at a time when global conditions could precipitate a hard landing.
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Potential buyers of Blossoms by the Park queuing to book their unit at the ERA APAC Centre in Toa Payoh, on April 29.
PHOTO: ST FILE
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Since the Covid-19 pandemic struck, the Singapore property market has defied gravity. Private residential prices have continued to surge in contrast to those of other Asia-Pacific cities, which declined over the same period.
That pattern may be coming to an end, after the latest round of cooling measures.
