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

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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.

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"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."

"Let me be very clear. The Government cannot and will not take a hands-off attitude to the property cycle. So there should not be any surprise when we intervene in the market."

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