In a report from Channel News Asia, Law and Foreign Affairs Minister K Shanmugam said that the upcoming election would not have an effect when the government starts to tweak the current cooling measures in the country. The minister do noted that there will also be other factors that would affect the decision including the wage growth, the current status of the real estate market and of course the current state of the economy as well. He answered most of the real estate related questions, particularly the issues with the cooling measures, during the convention arranged by the RE/MAX Singapore.
The minister however admitted that he is not the right person to say as to when the cooling measures should be reviewed. He did however give a peak of what the government would think may influence the cooling measures. According to the minister, an insider told him that the changes in cooling measures would hopefully set off as soon as the election is over. Admittedly, he said that he doesn’t know why people keep on linking the elections to the review of the cooling measures. The latter was already an issue long before and elections will never be a factor regardless what changes will be made.
The event was held at the Raffles City Convention Centre where more than 500 participants attended including delegates from different parts of the world who are well-known and experts in the real estate industry. This includes representatives from developers responsible for future sites such as Botanique @ Bartley, Robin Residences and alike. Apart from Remax Singapore, Property Guru is also one of the sponsors who organized to make the even possible. Their goal is to offer more courses in Singapore and overseas and create more professionals in the real estate market including the International Internship Program, the Real Estate Mastery Program, and Peak Performance Program.