The government is seeing some signs of speculation in the Singapore property market, according to National Development Minister Mah Bow Tan.
Speaking on the sidelines of the topping out ceremony of the Marina Bay Financial Centre on Wednesday morning, Mr Mah said the government is monitoring the situation.
He added that it is uncertain if the buying momentum seen in recent months can be sustained.
“The forecast is still for negative growth this year. Although it’s not as negative as it was in the beginning of the year. I think there is still uncertainty… But what is important really is for all of us, all the players in the market, to make sure that the market remains healthy,” said Mr Mah. Continue reading
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