Singapore Property Curbs to Stay in 2017, CapitaLand SaysBy
Residential market close to bottom, price declines have slowed
China-U.S. relationship important for business environment
Singapore’s residential property curbs are set to stay in place for at least another year amid signs the city’s housing market is stabilizing, the chief executive officer of Southeast Asia’s biggest developer said.
“We see volume picking up and the price declines have slowed,” Lim Ming Yan, the president and CEO of CapitaLand Ltd., said in a Bloomberg Television interview with Haslinda Amin on Wednesday. “We see this trend continuing for 2017. There is no compelling reason for the government at this point to make major changes,” to property curbs, he said…
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