Open economy forces government's hand
Easy flow of funds mean rules are needed to keep property asset prices in check
Singapore
YOU can't have it all.
Industry players say that what makes Singapore so susceptible to housing bubbles is also its most attractive characteristics: its open, pro-business and globally connected economy, as well as its safe-haven status. This, in turn, has made it necessary for the government to be "interventionist" in erecting rules that keep property asset prices in check.
