“We'll check and just take whatsoever actions could be needed to be certain stability in our property market, and make sure that the property industry does not operate forward of financial fundamentals.”

“Now we have to make certain that after we productively carry out VERS for an estate, there are adequate housing choices for These people who might need to maneuver,” stated Mr Lee, incorporating that there are other things to consider like more support for these kinds of people as well as the influence on residents living in bordering areas.

SINGAPORE: The government is "Functioning extremely tough" over the past number of years to restore stability inside the housing market place and harmony the provision and desire of flats just after disruptions because of the COVID-19 pandemic, said Minister for National Development Desmond Lee.

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Original home revenue figures for the second quarter could be revised in finalised facts produced later this thirty day period.

“New developments introduced close to one another can possibly develop a spillover effect, driving fascination and revenue for all included projects,” explained Mr Sandrasegeran.

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Mr Lee mentioned the transfer comes as the general rental industry sees some stabilisation and is particularly “a measure to bridge from now until upcoming year, once we double our PPHS offer even further”.

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“That is why once we open up web-sites which have got singapore property heritage or environmental worth, we just take good treatment.”

Higher curiosity premiums and government cooling measures have slowed Singapore’s when-booming real estate property market. - ST

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