Do you know that when home prices become totally unaffordable, the government of the day will feel the pressure because if people could afford a property, they will be happy but if they could not find anything which they could afford, then the tension will start to simmer. Not a great news for any government of the day. This is why the Singapore government is taking steps to ensure the warm to hot public housing transactions are cooled down before it gets too hot to handle.
When public housing prices becomes unaffordable, it has to be ‘cooled down.’
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