Will rising home prices raise the risk of fresh cooling measures?

WITH the private residential market poised to end the year on a high note, does this once more heighten the risk of policy measures?

Even the perceived possibility of cooling measures could serve as a near-term headwind for the share price of property developers with exposure to the private residential market, one analyst has flagged.

Earlier this month, the 696-unit CanningHill Piers saw brisk sales over its launch weekend, with 77 per cent - or 538 units - scooped up by buyers at an average selling price of about S$3,000 per square foot (psf), raking in total sales of some S$1.18 billion.