More land release in Singapore for Housing?

Does seem like the property price easing in Singapore is not going to stop anytime soon. At least not by the wishes of the government in Singapore.

Perhaps it is an attempt to continue boosting the flagging economy in Singapore by propping up the construction sector?

We can't be sure where the market would move in the near future.

SINGAPORE – The Government announced on Thursday (June 29) the second half 2017 Government Land Sales (GLS) Programme, which comprises six Confirmed List sites and 10 Reserve List sites. These sites can yield up to 8,125 private residential units and 83,590… Credits: Government increases supply of land for housing for second half of the year