Singapore's property market is experiencing a significant revival, with home sales reaching their highest level in over a decade. In November, developers sold 2,557 new private units, surpassing the total sales from the previous six months combined. This surge in demand is attributed to a recovering economy and increased buyer interest, particularly in the face of rising home prices. However, this spike in sales has raised concerns among analysts and investors about potential government interventions to cool the market, similar to previous measures aimed at curbing excessive price growth.

The recent surge in home sales comes on the heels of the Singapore government's tightening of foreign property ownership rules, which included a substantial increase in stamp duties for non-resident buyers. Analysts predict that these new regulations, combined with the recent sales boom, could lead to further government curbs aimed at stabilizing the market. The implications for property developers could be significant, as any new restrictions may dampen buyer sentiment and impact sales, particularly in the luxury segment where foreign buyers are more prevalent.