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Singapore Budget 2016: Reprieve for property developers unlikely

Redas seeks policy review to ensure property market slowdown doesn't spill over into broader economy, but MAS and economists see no severe impact

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Published Thu, Mar 17, 2016 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Can property drag down the economy?

    Singapore

    IT seems unlikely that the government will offer property developers any reprieve in this month's Budget, industry watchers believe.

    The Ministry of National Development (MND) was very direct in its reply on Feb 29: "It is too early to relax the measures now. Doing so could result in a market rebound."

    Singapore residential propertySingapore economy

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