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Singapore: Tackling rising property prices will take a while

Posted on 29 November 2012

Tackling the issue of rising property prices will take a while, but Prime Minister Lee Hsien Loong felt it can be done. In an interview with Bloomberg, Mr Lee was asked if he would be addressing the issue of home prices here in his annual New Year’s address to Singaporeans.
“We have had a property boom, almost a bubble,” Mr Lee replied. “It’s because liquidity is sloshing around worldwide and real interest rates are negative … That’s a difficult problem for us on the overall property market.”……………………………………….Full Article: Source


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