28.07.2009 - Singapore: Home-hunters back on the prowl again

From Asiaone.com: 'Singapore is probably the only place on earth where there is a recession and unemployment but the property market is still so hot,' said Mr Eugene Lim, associate director of property firm ERA Asia Pacific. But reasons behind the shopping spree are not hard to find. They range from low interest rates, lower prices and a fear of missing the bottom to cash-rich buyers and optimism that the economy will bounce back soon..........Full Article: Source

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