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Singapore’s housing plan may haunt it

Posted on 22 October 2008

From WSJ: Singapore’s real-estate market could find itself haunted by a plan that once served it well. Known as the deferred payment scheme, the plan was implemented by Singapore’s government in response to slumping property prices a decade ago. It was suspended last October.

The scheme allowed buyers of new properties to make a downpayment of 10% or 20%, with the rest due only when the project was completed — typically about three…. Full Article: Source


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