Singapore property ‘standstill’ expected next year. "Let me be very clear that the government cannot and will not take a hands-off attitude to the property cycle," Mr Wong said. "So there.

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The government has concluded that it cannot take a "hands-off" approach to managing Singapore’s property market and allow asset bubbles to develop. "This is not what a responsible government would do," says Lawrence Wong, Minister for National Development and Second Minister for Finance.

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 · But, as Howard Roark said in the Fountainhead, ‘Their need does not costitute a claim upon my property’ or something to that effect If poor people have a claim on the resources of the rich because they *need* it, surely starving peole should feel free to take all the food out of a supermarket, because they *need* it!

The term prime property’ equates to the most desirable, and normally most expensive, property in a defined location. commonly, but not exclusively, prime property markets are areas where demand has a significant international bias. exchange rates: unless otherwise stated these were calculated using the rate on Feb 1 2010.

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Where are we in the real estate cycle? Sending a clear message at the 59th anniversary of the Real Estate Developers’ Association of Singapore (Redas), National Development Minister Lawrence Wong stressed: "Let me be very clear that government cannot and will not take a hands-off attitude to the property cycle.

Published15 NOVEMBER, 2018 SINGAPORE – If the Government had not stepped in with measures in July to cool the property market such that there are now signs of moderation, property prices would have surged ahead, possibly going up by 10 to 15 per cent, National Development Minister Lawrence Wong said.