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Cooling measures may have spared property market greater pain

The Singapore government has definitely learnt from history and better managed property prices. With the implementation of cooling measures first back in 2011, it has curbed property speculation greatly which resulted in a more stable market. With the cooling measures it ensures a smooth appreciation of prices in the long run without any price shocks.

Penrose are one of the few new launches where investors can safely placed their money on as it is located in the city fringe area and expected to be priced attractively.

Source: https://www.straitstimes.com/business/property/cooling-measures-may-have-spared-property-market-greater-pain

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