Singapore
PRICES of private residential properties may have gone up in the second quarter, but this does not reflect the true state of the market, said Chia Ngiang Hong, president of the Real Estate Developers Association Singapore (Redas) on Friday.
New home sales remain lacklustre on the back of existing cooling measures, abundant unsold stock and a worrying economy, he said in a speech at Redas' Mid-Autumn Festival celebration lunch.
The general take-up is also at a slower rate than the total number...