22.10.2008 - Singapore's housing plan may haunt it
From WSJ: Singapore's real-estate market could find itself haunted by a plan that once served it well. Known as the deferred payment scheme, the plan was implemented by Singapore's government in response to slumping property prices a decade ago. It was suspended last October. The scheme allowed buyers of new properties to make a downpayment of 10% or 20%, with the rest due only when the project was completed -- typically about three.... Full Article: Source