JULY 19 — Singapore National Development Minister Khaw Boon Wan’s comments in Parliament on the state of the property market illustrate the conundrum of viewing a glass of water as being half full or half empty.
Noting that residential property prices have moderated in recent months, he said the various measures to cool the market “have helped buyers, including those at the middle and low end of the market”.
Growth in mass market private housing prices outside of the central region slowed to 0.4 per cent in the second quarter of the year compared with 1.1 per cent in the previous quarter, while overall private home prices moved up just 0.3 per cent in the first six months of the year compared with 6 per cent a year ago. Full story
