At least that is what several banks and research houses have predicated after the latest round of property cooling measures took effect.
Here is the report by Credit Suisse on what they see as the likely impact, for those who are interested. (* Thank you Jason! *)
http://www.scribd.com/doc/120425169/Credit-Suisse-Report#fullscreen
And below is what Maybank-Kim Eng thinks:
http://www.scribd.com/doc/120425681/Kim-Eng-Report#fullscreen
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