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MAS: Housing sector has no strong link to jobs and business cycles

Aerial view of private residences and HDB flats near Tree House condominium on Aug 13, 2014.


THERE is no strong correlation between how the housing market performs in Singapore and business cycles in the country.

In addition, the housing market's impact on the domestic labour market is also limited, said the Monetary Authority of Singapore (MAS) in its...

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