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2021-05-25

Been waiting for this

Singapore’s Richest Property Family Warns of Cooling Measures

(Bloomberg) -- The Singapore government may step in to introduce property curbs if home prices keep

Singapore’s Richest Property Family Warns of Cooling Measures

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pekss
·2021-05-25
Hoping for some corrections in the bank counters to add more when new cooling measures are announced.
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- eveev:
  agree
  2021-05-25
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MKD
·2021-05-27
Agree
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Chairman Kwek Leng Beng “noted that the residential market has been performing well though he cautioned that if property prices continue to rise, there&nbsp;may be a time that further cooling measures could be introduced to control the prices,” records from the company’s annual shareholder meeting show. The gathering was held on April 30, with the notes filed at the Singapore Exchange on Monday.</p>\n<p>Singapore’s property market has rebounded sharply in recent months, making the sector a bright spot as the economy recovers from the pandemic. Prices of properties ranging from public apartments to private units and luxury bungalows have been rising, with some hitting records.</p>\n<p>That has prompted growing speculation that authorities may take steps to calm the market and prevent it from running ahead of the economy. 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