The measures include allowing developers to extend the completion time for projects and a relaxation of a rule that penalises some firms for not building and selling homes in a timely fashion.
Hong Kong, Singapore and Osaka have just been ranked as the world's most expensive cities to live in.
The private residential property index dropped 0.6 percent from 2018's last quarter, preliminary data from the Urban Redevelopment Authority showed on Monday.
Prime property price growth in key cities around the world slowed in the second half of 2018 to just 0.4% but overall increased by 2.3% across 2018, the latest international index shows.
Asia is finally succumbing to the global property slowdown that’s jolted homeowners and investors from Vancouver to London, with markets in Singapore, Hong Kong and Australia showing fresh signs of softening.
Prices for prime waterfront properties around the world are on average 40% higher than comparable properties inland, new research has found.
Guess which city managed to top a luxury real-estate ranking despite a slew of cooling measures to tame its property market?
The guidelines, which apply to applications for developments outside the central area received on or after Jan. 17 next year, tighten rules first introduced in 2012.
The land-starved island is known for its gleaming skyscrapers and contemporary architectural designs that punctuate its skyline like the Marina Bay Sands hotel
The pace of growth was the quickest since the second quarter of 2010 when home prices rose 5.3 percent, and beat an earlier estimate for Q1 2018 of 3.1 percent
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