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Stable household wealth behind property surge

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Stable household wealth behind property surge

Latest News Headlines - Tue, 08/25/2009 - 08:00
THE net worth of Singapore households has fallen only slightly from its peak last year and is still much higher than it was at the start of this decade, according to an analysis by a senior Citigroup economist. This resilience in household wealth is one likely reason for property sales volumes and prices having rebounded strongly in recent weeks, and could mean that consumer spending here recovers... more

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