Singapore may be considering another round of measures to cool residential prices, according to market analysts, who see recent ministerial remarks as a signal for the possible move.

Comments made by deputy prime minister Heng Swee Keat indicate the government is keeping a close watch on property prices, Krishna Guha, an analyst at Jefferies Financial Group Inc., wrote in a note.

Possible steps could include a tweak in additional buyer stamp duties, tightening of mortgage terms and an adjustment in average minimum home sizes for new developments, according to DBS Group Holdings Ltd.

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