With the new round of property cooling measures introduced by the government, which significantly increased the Additional Buyer's Stamp Duty (ABSD) for foreigners purchasing property from 30% to 60%, analysts generally believe that this may affect foreign buyers' buying sentiment and that the growth rate of high-end private property prices will slow down this year.

Singapore Real Estate predicts that private rentals in Singapore will decline in the second half of this year.

A new round of property cooling measures could not stop the rush of viewings as the sales showroom of The Reserve Residences, the first mixed-use development in Bukit Timah, attracted some 5,800 viewings in its first weekend of previews.