Here's proof that residential market isn't badly hit by cooling rules yet

Price index shows growth was trimmed to 0.5%.

According to Colliers International, overall, market sentiments remained upbeat despite initial chills brought on by the successive rounds of market cooling measures. 

URA’s preliminary estimates showed that the all-residential property price index remained stubbornly on the up-trend although growth was shaved to 0.5% QoQ in 1Q 2013, down from the 1.8% QoQ increase in 4Q 2012.  

Here's more from Colliers International:

The continued climb in private home prices suggests that market fundamentals have not been overly compromised by the cooling measures such that they are still able to generate sufficient sales momentum to thrust prices forward.

Certainly, the various sweeteners dangled by developers to entice and encourage commitment by buyers also helped to prop up home prices.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.