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21

Singapore’s Home Curbs May Stay for Some Time, Minister Says

By Tony Seruga

Measures ‘have helped to achieve a soft landing’ Wong Says
Home prices fell 3 percent in 2016, the 3rd annual decline

Singapore’s residential property curbs are expected to stay for some time as the city-state’s economy remains stable and demand is still “very resilient,” National Development Minister Lawrence Wong said.

Singapore home prices fell 3 percent in 2016, with prices declining for the 13th straight quarter in the last three months of the year for the longest streak since data was first published in 1975. Still, Singapore house sales last year topped 2015’s tally as a third straight year of price declines stoked pent-up demand from homebuyers…

Singapore’s Home Curbs May Stay for Some Time, Minister Says

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