DBS Group Research analysts Derek Tan, Rachel Tan, Dale Lai and Geraldine Wong say they believe that the Singapore government will keep a keen eye on further price index movements.

“The chances of further tightening of property-cooling measures will remain high, especially when we see a further acceleration in the index,” they write in a Sept 13 property flash note.

As at end-June, the Singapore Property Price Index (PPI) rose some 7.1% over the past year to a new high at 204.2, bringing it to levels even before that of the Covid-19 pandemic.

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