For subscribers
News analysis
Two major reasons behind move to rein in market 'euphoria'
Sign up now: Get ST's newsletters delivered to your inbox
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
Rachel Au-Yong
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.
