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Singapore govt's housing market warning may fall on deaf ears

Persuading people to be more cautious could be a tough sell; developers and home buyers are equally optimistic

There should be vigilance about risks "including the impact of rising interest rates, geopolitical developments, and excessive exuberance in the property market," Ong Chong Tee, a deputy managing director of the central bank, the Monetary Authority of Singapore (MAS) said in November.


SINGAPORE'S authorities are concerned the island-state's property market could be setting itself up for a fall.

A series of aggressive land deals by developers, against the backdrop of rising apartment sales and the first quarterly rise in private home prices for four...