(Dec 11): Just when Singapore’s residential property market was reviving after a four-year slump, government moves to curb the exuberance might play spoiler going into the new year.

Home prices that are forecast to climb as much as 10% this year could remain flat in 2019 and may decline as much as 3%, estimates from property brokers compiled by Bloomberg News show. Home sales that lagged behind 2017 levels this year may once again be below that mark in 2019, according to forecasts.

“The market has come to a standstill,” said Lee Nai Jia, Knight Frank’s head of research in Singapore. “The government is unlikely to introduce additional curbs or rollbacks as the market is stabilising.”

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