Let me be very clear. The Government cannot, and will not take a hands-off attitude to the property cycle. So, there should not be any surprise when we intervene in the market, because that is our approach and attitude. I do not think any responsible government should do so. Instead, we will do whatever we can to prevent property bubbles from.
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 ‘Real Estate and Urban Studies’on May 24.
3. Our Attitude Towards Public Property. Just recently, we wrote about bicycle-sharing startups and their plight with irresponsible users in Singapore. While there are many pronounced differences between Singaporeans and Malaysians, in this one aspect we might be similar. There is a prevailing low sense of civic duty towards public property.
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How to leverage on property cycles to sell and buy property – Redbrick Mortgage Advisory In real estate, timing is everything. Whether you are a homeowner, investor or a renter, it is important to understand how the property cycle works in order to make the most of your property.
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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.
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