Singapore's private property market has suffered from slackening transaction volumes and falling prices this year and it doesn't look like there's any relief on the horizon, according to a new report.
"The government's cooling measures, especially the limits on financing, continue to be the animating force behind Singapore's housing market, as it has been since its implementation," wrote Steve Melhuish, chief executive officer of Singapore-based real estate portal PropertyGuru, in the company's outlook for the second half.