On 30 July 2009, Minister of National Development, Mr Mah Bow Tan warned that government will not hesitate to take action to stop massive speculation in property market.

What are the things that government can do to "affect" property prices?

In year 2007, Government removed the "Deferred Payment Scheme" for properties, and property prices fell.....now developers replaced with "similar" Interest Absorption Scheme"....what if Govt also remove this scheme?

What if government tightened up usage of CPF property?

What if government announce they increase supply of New HDB flats? Would that affect resale HDB flat prices, and indirectly low-end mass market condo prices?

What if govt release more land for condos?

What if government re-introduce Capital Gain Taxes on property speculation?

There are many things govt can do to stop property prices in its track.

So, before you rush to buy a condo in Ang Mo Kio selling at S$1,150 psf, even higher than Peak prices in year 2007, think about it carefully.

P.S. Please note that I do not gain (in fact I lose) by sharing any negative information about property market, since I own a company www.HousingLoanSG.com, which is in the business of helping people source for BEST deal in Housing Loans in Singapore.

Cheers!

Dennis Ng