1. Credit and a Competitive Market
However in 2009, the Singapore government implemented the first round of property cooling measures to maintain the affordability of private residential properties. Even though the first round of property was not successful in reducing the prices of the properties, property developers saw such cooling measures as a threat to their profitability and therefore, the units of residential properties developed in 2009 was significantly lesser than the units developed in 2008. The government implemented additional property cooling measures in the following years and the measures started to have an eff...
- Word Count: 6477
- Approx Pages: 26
- Grade Level: Undergraduate