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

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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.

He was guest of honour at the Real Estate Developers’ Association of singapore (redas) 59th Anniversary Dinner on Nov 15. "The government cannot and will not take a hands-off attitude to the property cycle," said Wong. "So there should not be any surprise when we intervene in the market because that’s our approach and attitude.

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So, as they said in the Strawberry Statement the issue is not the issue, but we will just take a brief look before we say good. There might be exemption from local property taxes, but you will find.

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