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Singapore prices rising to dangerous levels

Posted on 01 December 2010

From Themovechannel.com: Property prices in Singapore, generally accepted as already being too high, are set to rise again, according to the country’s central bank. It says that low borrowing costs and excess liquidity globally may push the island’s property prices higher again, setting back government efforts to cool the market.
There is a risk that financial institutions may ease lending standards and extend more loans to make up for narrowing interest margins, the Monetary Authority of Singapore said in its latest Financial Stability Review……………………………………….Full Article: Source


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