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

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Nisha Ramchandani

Nisha Ramchandani

Published Mon, Nov 29, 2021 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    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.

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