14 Mar '17, 12am

Singapore's surprise property moves applauded by businesses

Singapore's largest listed property firm is broadly welcoming revisions to the city-state's property cooling measures after more than 3 years of sinking prices. "Together with the government's policies to support population and economic growth, such measures will help to ensure a stable property market and healthy demand for new homes in the long term," said Wen Khai Meng, CEO of CapitaLand Singapore, in a Monday email to CNBC. The company is South East Asia's biggest property developer and manages a global asset portfolio worth 78 billion Singapore dollars ($55.1 billion). Its stock has risen more than 22 percent year-to-date. "We believe that projects with excellent locations and transportation connectivity, good range of facilities, proximity to shopping malls and established amenities, and a reasonable pricing will continue to attract buyers," he added. The comments co...

Full article: http://www.cnbc.com/2017/03/13/singapores-surprise-proper...

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