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Singapore unlikely to add more property measures

Posted on 15 June 2012

Singapore is unlikely to introduce additional measures to cool the housing market because of a weak economic outlook and lower property transactions, according to Bank of America and JPMorgan.
“A fragile economic outlook and softness in the broader property market suggests that another round of measures may be unwarranted at this point,” Hak Bin Chua, a Singapore-based economist at Bank of America’s Merrill Lynch unit wrote in a note to clients on Thursday………………………………………..Full Article: Source


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