1st round of cooling measures was implemented back in Feb 2010 and last year’s 5th July one was the 8th round.
But how have the prices been going?
See below chart (the part labelled 'Feb 2010' onwards) to form your own judgement as facts & figures don’t lie.
Its precisely the unique situation of Singapore that is conducive & attractive for property investments for locals & foreigners...
- Political stability (not a govt supporter, just calling a spade a spade)
- Economic stability
- Measures to keep market stable
- Tight quality control
- Limited land
- Population growth
- GDP growth etc
See:
https://www.99.co/blog/singapore/singapore-property-market-safe-haven/
Would you prefer a property market with more stable, sustainable growth / capital appreciation.... or a steep rollercoaster up & down, bubble forming & bursting, huge-risk, market-crashing type of environment?
Yes, might be a multi-millionaire in double quick time but can also be a bankrupt many times over.
How many can stomach this kind of gamble besides those who already having deep pockets to start with?
Hence, local properties are for those looking for a real physical asset (which can live in) to invest in that not only provide stable returns, but also beats inflation and having one of the lowest risk an investment can get.
If looking at higher returns (with higher risk of cos), better off to invest in stock & shares, options, trading, foreign currencies etc.