Tag Archives: Market Report

Speculation creeping back into market: Mah

Posted on 30 Jul 2009 | Comments Off

Govt will act if housing market overheats; supply pipeline is strong

Speculation is trickling back into the property market and the government is watching the situation closely, National Development Minister Mah Bow Tan said yesterday.

The authorities will take action should the market overheat but home seekers should also be careful about making purchases, he underlined.

‘I wouldn’t say that there is excessive speculation at the moment but there is some element of speculation involved,’ Mr Mah told the press after the topping-out ceremony for Tower One at Marina Bay Financial Centre (MBFC).

‘Some of the practices and habits that you saw in the last property boom are beginning to come back.’ Continue reading →

Comments Off on Speculation creeping back into market: Mah

Posted in New Launches, Property Market / Real Estate

Tagged Market Report, Singapore Property Market, Singapore Real Estate

Mah sounds warning on property buzz

Posted on 30 Jul 2009 | Comments Off

THE Government will take ‘whatever action necessary’ to prevent excessive speculation in the property market, said National Development Minister Mah Bow Tan yesterday.

Mr Mah’s note of caution comes amid a buying frenzy that has gripped the real estate sector in recent months.

He told the media on the sidelines of an industry event: ‘I wouldn’t say there is excessive speculation at the moment, but there is some element of speculation involved.

‘Some of the practices and habits that you saw in the last property boom are beginning to come back, so I think we’ll have to be careful.’ Continue reading →