Fed chief Ben Bernanke's pledge to keep interest rates low for an extended period may have cheered the stock markets but one economist cautions it may be fueling a property bubble in Singapore.
Singapore property rises rose 17 percent last year after a 25 percent decline during the recession in 2009. Analysts are growing increasingly worried about property prices and the government has tried repeatedly to cool the sector.
"For now, the party is on, everybody is enjoying it, it's only when the party is over (that) you have a hangover tomorrow morning," Jimmy Koh, Executive Director & Head of Research at UOB told CNBC on Thursday. Full story
