2015 marks the 50th anniversary of Singaporean Independence and the year is shaping up to be a good one as according to the latest Credit Suisse report just released says that housing prices not likely to tank.

The government doesn’t want to cast a shadow on the looming election and most likely keep housing prices on an even keel, this will become even more important amidst Singapore’s rising and volatile interest rate arena the report concluded.

Kingsford Waterbay Serangoon

In the past affordability was managed by the government using housing price cooling measures like the Additional Buyer’s Stamp Duty (ABSN) and Total Debt Servicing Ratio (TDSR) to keep the prices from rising too quickly and to curb foreigners from entering the Singapore Real Estate Market. They also were instrumental in reining in speculative buying of Kingsford Waterbay properties.

The Singapore prospective homebuyers would still like to see the market drop …