Despite the cooling measures implemented on 6 July 2018, analysts are optimistic that the prices of private housing are stabilising and climbing back to where it stood before the implementation of the cooling measures. This stems from the strong demand for private housing from individual buyers and en bloc beneficiaries and the lower supply of completed units for the next few years as compared to the historical average. Additionally, the Singapore economy is expected to progress steadily amidst the external shocks such as the US-China trade war and the Brexit which should drive up the demand for private housing. Analysts are hopeful that the prices of private housing are recovering in 2019.
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