Resale Private Property Price Index
Despite more than 10 rounds of cooling measures, private property prices continue to defy gravity.
Each new low is higher than the previous low and each new high is higher than the previous high.
Why Is there A Need For Cooling Measures?
1. Prevent Exuberant Bidding Wars By The Developers
2. Ensure Affordability
3. Ensure Increase in Property Prices Is More Closely Aligned With Increase in Income
4. Promotes Sustainable Growth and Stability
5. Cooling Measures is an affirmation that the PROPERTY MARKET DID INCREASE
6. Go With The Flow Of The Government
7. Understand Government And Their Intentions