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Govt takes fizz out of nascent property bubble

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Govt takes fizz out of nascent property bubble

Tue, 09/15/2009 - 08:00
(SINGAPORE) After two recent warnings that it was keeping a close eye on things heating up in the private housing sector, the government yesterday announced cooling measures to 'temper the exuberance in the market and pre-empt any speculative bubble from forming'. The Confirmed List land sales will be reintroduced from the first half of next year. The interest absorption scheme (IAS) that helped r... more

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