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Real Estate Briefing - Categorized | Market Moves, Regulatory more

Singapore taking incremental approach to cooling market

Posted on 31 December 2010

From Property-report.com: Singapore’s government intervened twice in the property market in 2010 with a cautious approach of incremental steps in order to bring prices down but not crash the market, says National Development Minister Mah Bow Tan.
“We are not taking a big bang approach, but taking a very calibrated approach to this. Why? Because we want to make sure the market can be sustained… We also don’t want the market to crash because there will be other repercussions if that were to happen,” Mah was quoted as saying in a Channel News Asia report……………………………………….Full Article: Source


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