The article states that analysts are predicting an increase in property prices in the future due to the government's recent decisions to loosen the restrictions on the property sector. This move by the government has led to a 0.4% increase in property listings on website PropertyGuru in the first quarter of the year. 

Prices of private houses shown a fall of 0.5% while "non-landed prices were steady". Analysts say that the government may be "lowering seller stamp duty" and "shortening minimum holding period".  

The relaxing of restrictions cause buyers to be more willing and eager to buy houses knowing causing demand for houses to increase. The demand curve will shift to the right as more people are willing and able to purchase houses. 

This however will also cause the supply curve to shift to the right as sellers are expecting more buyers in the market, thus are more willing and able to sell houses at a higher price too.

Thus, in the future, prices of houses will increase and I believe that the whole cycle will repeat again.

 

The article asserts that the Singapore property market is “making a comeback”, with prices rising, and developers being “hungry for land”. This phenomenon can be explained mainly by government policies and the expectations of producers.

 

Due to the easing of property restrictions (i.e. change in government regulations) early this year, through the reduction of seller's stamp duty (SSD) and the total debt servicing ratio framework (TDSR), it has allowed buyers to seek higher level of loans to purchase property, and hence easier for them to do so, driving demand for property up. This would potentially lead to an increase in prices.

 

Developers (i.e. producers) are expecting this trend, and therefore are buying up more land to be able to cater to the increased demand in the market. As they expect demand, and hence prices to increase in the future, it would make sense to reduce supply first, to be able to sell more later and thus maximise profit, explaining the phenomenon of them “refraining from launching projects in the final few months of the previous year”, and ploughing back into the market when the prices have risen. This will shift the supply curve left in the short run, and right in the long-run (i.e. future). Prices will rise initially due to the shift, but eventually, coupled with the increase in demand, both the demand and supply curve will shift rightward, increasing the quantity of house bought and sold, and prices will either rise, fall or remain stable, depending on the relative extent of the increase in the demand and supply.