REDAS: Singapore cooling measures stabilising market

Property-report.com, 14 Feb 2011Singapore’s recently implemented cooling measures have begun to effectively stabilize the property market, the Real Estate Developers Association of Singapore (REDAS) said last week.“There’s a drop in volume, but I think that’s expected because of hesitation and uncertainty,” said Mr Lim Ee Seng, first vice-president of REDAS, at the association’s Lunar New Year