Limited scope for reversal of property measures for now

WITH the US Federal Reserve signalling a faster pace of interest rate hikes next year, should Singapore continue to stand pat on property cooling measures?

Whether these measures should be tweaked has been a perennial question bogging the industry. Now with the prospect of swifter rate hikes looking more certain, it is rekindling hopes among those who have been lobbying for policy relaxation.

Citing stronger economic headwinds ahead, some industry players also argue that it is better to tweak the measures earlier than to try reviving the market when the economy is in a more dire state.