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Market-calming moves, then and now
Published Tue, Jun 21, 2016 · 09:50 PM
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.
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