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SINGAPORE PROPERTY

Singapore government keeping close watch on property market

DPM Heng says it is to ensure the market remains stable, and not 'run ahead of the underlying economic fundamentals'

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Fiona Lam

Fiona Lam

Published Mon, Jan 18, 2021 · 09:50 PM
    What is driving property buying in Singapore?

    Singapore

    THE Singapore government is paying "close attention" to the local real estate market "to ensure that it remains stable", said Deputy Prime Minister Heng Swee Keat.

    This is because "we must continue to enable young Singaporeans to own their homes and fulfil their aspirations", Mr Heng noted in his speech at the Real Estate Developers' Association of Singapore's (Redas) 61st anniversary celebration on Monday.

    Singapore propertyprivate home salesProperty developersProperty investment

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