In addition, the federal government announced a stepped-up schedule for the discharge of land for the second half of 2010. In reaction, real estate developers can also hold back on property launches, and turn to preview sales instead. The majority of market analysts additionally count on these developers to be much less aggressive in their bids for state land. Market watchers are not stunned by the federal government’s sequence of measures to chill the housing market, in fact, some felt it is lengthy overdue. Most analysts polled count on the newest moves to dampen Singapore’s personal house sales by 20 per cent for the remainder of 2010.
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