Singapore Plans More Measures to Cool Property Market, PM Lee Says

BusinessWeek, 30 Aug 2010
Aug. 30 (Bloomberg) -- Singapore will announce more steps to cool the property market after previous measures failed to keep prices from rising, Prime Minister Lee Hsien Loong said. “We twice attempted to cool the property market, once last year and once in February this year, but the prices are still rising,” Lee said. “I think we need to do more. Our purpose is to make sure in the long term, Singaporeans can own their homes and afford it and it will be a gradually appreciating asset which will grow as Singapore grows.” Full story

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