Market-calming moves, then and now

Singapore

TWO decades ago, policymakers introduced Singapore's first "anti-speculation measures" - a comprehensive package of curbs that analysts thought would surely bring the property market to a standstill.

But when the market did stall later, these more-stringent loan conditions and new taxes and regulations weren't the reason for it; instead, it was an event that no one foresaw at the time - the 1997 Asian Financial Crisis.