How Property Valuations Quietly Dictate Singapore’s Housing Prices
Singapore is known for its high property prices, but few are aware of the role that property valuations play in shaping the market. These valuations, conducted by government agencies, quietly impact housing prices by determining the property tax homeowners have to pay. With Singapore’s property market being largely driven by government policies, understanding the influence of property valuations is crucial for both buyers and sellers. As valuations fluctuate, so too do housing prices, making it imperative for investors to stay informed about this hidden force in the Singapore property market.