Singapore will not take a hands-off attitude to property cycle

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.

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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.

"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.

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.

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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 should not be any surprise when we intervene in the market, because that is our approach and attitude.”.

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