Bubble fear sees Singapore hit brakes

The Sydney Morning Herald, 18 Sep 2010
AS SINGAPORE heads into lockdown for next week's formula one grand prix, investors are also bracing themselves for some g-forces to hit in the real estate sector.
Although no pundits are predicting a reversal of the recent signs of improvement in the economy, the Singapore government sees a danger of a property bubble forming and recent measures to cool speculation were designed to pre-empt this.
Singapore was one of the hardest-hit economies in Asia, both from international companies closing down their foreign outposts, leaving Singapore's office market with high vacancy, and a decline in tourism. Full story