CityDev's Kwek Leng Beng warns of more property cooling measures
CDL chairman flags that the government could impose further property curbs if prices continue to rise
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Singapore
KWEK Leng Beng, chairman of City Developments (CDL), cautioned that further cooling measures could be introduced by the government to control the buying of residential property if prices continue to rise.
The property magnate's warning came at the mainboard-listed property heavyweight's annual general meeting. This was held by electronic means on April 30, minutes of which were filed with the Singapore Exchange on Monday.
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