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Singapore Says Factors Backing Property Demand to Stay (Correct)

  • Measures ‘have helped to achieve a soft landing,’ Wong Says
  • Home prices fell 3 percent in 2016, the 3rd annual decline
Bloomberg business news

Singapore Concerned Over China-U.S. Trade War Risk


Singapore’s property demand remains "very resilient," supported by factors including low interest rates and a stable economy, National Development Minister Lawrence Wong said.

“Our economy is still growing, so I think demand is still healthy and our assessment is these factors will remain for some time,” Wong, who’s also the second finance minister, said in a Bloomberg Television interview with Haslinda Amin.