News analysis

Two major reasons behind move to rein in market 'euphoria'

Cooling measures on private properties were put in place to curb the collective sale craze and stop buyers, developers and banks from overextending themselves.
PHOTO: THE BUSINESS TIMES
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Analysts cited two major reasons for the Government imposing cooling measures on the private property market, a move that took many by surprise on Thursday night.

One is to curb the collective sale craze and the other is to stop buyers, developers and banks from overextending themselves.

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A version of this article appeared in the print edition of The Straits Times on July 07, 2018, with the headline Two major reasons behind move to rein in market 'euphoria'. Subscribe