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"Let me be very clear that the Government cannot and will not take a hands-off attitude to the property cycle," national development minister Lawrence Wong said in a speech last month.
Current property cycle versus the 1986-1998 cycle. The current property cycle bears the following similarities with the 1986-1998 cycle: 1) At the cycle peak, landed properties outperformed non-landed properties and detached houses are the best performer while condominiums are the worst performer.
The Singapore Government will not take a hands-off attitude to the property cycle and allow bubbles to develop. The Minister for National Development, Mr Lawrence Wong, said this at the Institute of Real Estate and urban studies (ireus) Conference on ‘Real Estate and Urban Studies’on May 24.
"Let me be very clear that the Government cannot and will not take a hands-off attitude to the property cycle," he added. "So there should not be any surprise when we intervene in the market.
Private home prices may have risen as much as 15% this year had authorities not acted, Lawrence Wong, the National Development Minister, said in a speech last month. "Let me be very clear that the government cannot and will not take a hands-off attitude to the property cycle," Wong said.
The Singapore Government will not take a hands-off attitude to the property cycle and allow bubbles to develop. The Minister for National Development, Mr Lawrence Wong, said this at the Institute of Real Estate and Urban Studies (IREUS) Conference on ‘Real Estate and Urban Studies’ on May 24.
Cycling in Singapore: why all the hate? It’s funny how in Singapore we’re constantly complaining about the price of COE, the MRT breakdowns, and the overcrowded buses, but we also can’t stand those that use alternative modes of transport.
Mr Wong told the event at The Ritz-Carlton Millenia Singapore: "The. cannot, and will not, take a hands-off attitude to the property cycle.
Singapore’s residential property market, Monetary Authority of Singapore. "Let me be very clear that the government cannot and will not take a hands-off attitude to the property cycle," Wong said. "So there should not be any surprise when we intervene in the market, because that is.