04 Jan '12, 9am

Property developers who often wield strong influence in property-dependent Singapore face a new reality.

Housing Moving the queue Problems remain plentiful, but credit to a new minister for a good start - and for resisting pressures from a powerful group. By Seah Chiang Nee Dec 31, 2011 (Synopsis: Property developers who often wield strong influence in property-dependent Singapore face a new reality.) TRADITIONALLY, property developers in cities like Singapore and Hong Kong have enjoyed economic power far beyond their numbers. We were politely reminded of this when Singapore’s developers told the government they were disappointed at not being consulted before it announced recent measures to cool the market. This was tantamount to a right to be informed in advance of any policy or price affecting their interests. The developers’ reaction stirred public ire, with people considering it an audacity its demand to be consulted over changes. Yet there is a tradition behind the deman...

Full article: http://www.littlespeck.com/content/development/CTrendsDev...

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