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Singapore: Cooling the residential property market

Posted on 21 January 2013

The Singaporean government has introduced measures to cool demand and expand supply in a bid to moderate the increase in housing prices. While the measures have dampened speculative buying, demand for residential property remains firm, and prices have continued to rise.
The buoyancy of the property market reflects low interest rates and ongoing income growth in Singapore. These factors supported a record level of housing transactions last year, especially from investment demand. Housing prices have also shown signs of reaccelerating in recent months………………………………………..Full Article: Source


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