On 31 March the central bank kept its extra reserve requirement for banks at 1%, the rule it raised twice in 2024 when prices and borrowing were running hot.
Boring news. Useful signal.
This is a market where buyers mostly pay cash and banks are forced to stay conservative. That caps how fast prices can climb, and how hard they can fall. A market that can't over-borrow can't over-crash.
I sell property here, so easier credit would suit me short-term. It would suit nobody who already owns.
What I'd watch: the first cut to that buffer. That's the central bank telling you it thinks the heat is out of the market.