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Property upturn based on true supply and demand: ERA

Its key exec officer says how long positive buying sentiment lasts depends on how fast prices rise

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"The important change now is that there is no speculation in the market. The market does not allow for speculation ... Anyone who wants to play in the Singapore market has to adopt a longer-term view." - Eugene Lim, ERA Realty's key executive officer

Singapore

THE difference between the current property market upturn and the bull years of 2005 to 2007 is that the buying momentum is persisting in spite of the cooling measures designed to keep away speculation still in place.

This means that the market is "buying really on true

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