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Singapore's Housing Curbs May Stay for Some Time, Minister Says
Singapore’s residential property curbs are expected to stay for some time as the city-state’s economy remains stable and demand is still "very resilient," National Development Minister Lawrence Wong said. The cooling measures “have helped to achieve a soft landing in the property market,” Wong, who’s also the second finance minister, said in a Bloomberg Television interview with Haslinda Amin. “If you look at the market today, demand remains very resilient.” Singapore home prices fell 3 percent in 2016, the third straight annual decline, as the government held steadfast on its cooling measures. ... (full story)