Home buyers adopt wait-and-see approach after roll-out of property cooling measures

Property analysts say the impact of the cooling measures will likely be reflected only from this month. PHOTO: ST FILE
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SINGAPORE - Home hunters are now on the prowl for cheaper buys after property cooling measures were rolled out by the authorities last month.

Take the case of car dealer Jerome Pang, who has sold his three-room Housing Board (HDB) flat in Clementi. He would have been keenly looking for a replacement home but is now adopting a wait-and-see approach.

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