Singapore Home Prices Won’t Keep Rising, Government Says: ST
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Housing prices in Singapore are not expected to rise indefinitely, amid high mortgage rates and an increased supply of completed homes, the Straits Times reported, citing Minister for National Development Desmond Lee.
Interest rates are expected to remain high for longer, Lee said in an interview with the newspaper. “The rates we see are between 3.7% and 4.4%, so that will have an impact,” he added.