Govts should lay off property markets: don
Much better for authorities to regulate banks instead of trying to control real estate prices
Singapore
IF he had his way, Joseph Gyourko would prefer to see governments regulating banks instead of directly intervening in real estate markets.
The real estate professor at The Wharton School of the University of Pennsylvania acknowledges that private real estate markets don't always work perfectly - but neither do government regulations. "They are not the answer, because they have limitations themselves," he says.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Singapore office rents in central region fall 1.7 per cent in Q1 after rising for 9 quarters
Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up
Country Garden plans to present debt revamp plan in H2, sources say
Hong Kong home prices rise for first time in 11 months after curbs scrapped
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand
Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%