16 Oct '15, 10pm

Not time yet to unwind property cooling measures: Lawrence Wong

Not time yet to unwind property cooling measures: Lawrence Wong

Property cooling measures are set to stay put, at least for now, National Development Minister Lawrence Wong said yesterday. "The price adjustments that we've seen so far have been moderate compared to the increase in prices that took place very quickly in the past few years," he said on a visit to the Housing Board's Waterway Terraces I project in Punggol. "It's still not time yet to unwind the cooling measures. We don't want to risk a premature market rebound." But Mr Wong added that the situation is "fluid" and "very dynamic". "Economic conditions both externally and within Singapore are changing, so we are monitoring the situation very closely and we will adjust as necessary if and when conditions change." NOT RISKING PREMATURE REBOUND The price adjustments that we've seen so far have been moderate compared to the increase in prices that took place very quickly in the ...

Full article: http://www.straitstimes.com/singapore/housing/not-time-ye...

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