SINGAPORE--CapitaLand Ltd. (C31.SG), Southeast Asia's largest developer by market value, doesn't expect any fresh government intervention in Singapore's residential-property market for now, despite the recent rise in home prices here, an executive said Monday.
"I think it's unlikely [for the government to introduce fresh market-cooling measures] because the increase [in prices] is not exorbitant," Wong Heang Fine, chief executive of CapitaLand's Singapore residential arm, told reporters. "It's only a slight increase--it shows that the market has stabilized, and it now reflects genuine [housing] demand." Full story
