Developers, en-bloc hopefuls will need to meet in the middle in the wake of cooling measures

POISED to close 2021 on a high, the property sector was set for a holly, jolly Christmas after blithely shrugging off two Covid-19 variants and multiple headwinds in the construction sector this year.

Instead, it got a lump of coal, as one analyst put it.

And after a fresh wave of cooling measures was announced on the night of Dec 15, the residential collective sales market is starting to feel the heat.