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Singapore says not time to remove property cooling measures

Posted on 20 October 2011

Measures to cool Singapore’s housing market will not be eased despite the slowing rate of increase in private home prices, local media reported on Thursday, quoting National Development Minister Khaw Boon Wan.
“There have been some calls for their removal but I don’t think it is time yet,” Khaw told Parliament on Wednesday. Singapore has tightened borrowing requirements and released more land for housing in a bid to stem a sharp rise in home prices……………………………………….Full Article: Source


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