SINGAPORE property is likely to retain its lustre as a preferred choice for long-term wealth creation due to the city-state's regional hub status, solid growth prospects and Asians' deep-seated desire to own property.

Analysts gave this affirmation as the dust starts to settle on the latest cooling measures which took effect on July 6. The amended rules saw higher Additional Buyer's Stamp Duty (ABSD) and lowering Loan-to-Value (LTV) limits in a pre-emptive strike to prevent prices running "ahead of economic fundamentals" and "the risk of a destabilising correction later".

Read more on: hhttps://www.businesstimes.com.sg/government-economy/singapore-real-estate-will-endure-as-popular-asset-class