Singapore will not take a hands-off attitude to property cycle
Not surprisingly, EM debt has led the charge during this cycle, having surged from 113% to 176% of GDP. markets correctly presumed the Federal Reserve would adopt a hands-off approach. The Bubble.
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The government has concluded that it cannot take a "hands-off" approach to managing Singapore’s property market and allow asset bubbles to develop. "This is not what a responsible government would do," says Lawrence Wong, Minister for National Development and Second Minister for Finance.
Is the recovery part of a natural economic cycle or. gradual changes in Singapore. In Indonesia, democracy came virtually overnight. Did it come too fast? A: It would have been a different domino.
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· The Singapore Government will not take a hands-off attitude to the property cycle and allow bubbles to develop. The Minister for National Development, Mr Lawrence Wong, said this at the Institute of Real Estate and Urban Studies (IREUS) Conference on.
· private home prices may have risen as much as 15 per cent this year had authorities not acted, Lawrence Wong, the National Development Minister, said in a speech last month. "Let me be very clear that the government cannot and will not take a hands-off attitude to the property cycle.
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