Cooling the residential property market
- Published: 21 Jan 2013 at 00.00
- Newspaper section: Business
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.
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