“We hope the government will continue to watch the pulse of the market, with the aim of maintaining a stable and sustainable market in line with economic fundamentals,” Chia was quoted in local media as saying.
(Dec 3): Singapore’s developers have expressed alarm over the high supply of private apartments amid slowing demand, with the glut threatening to suppress property prices.
President of the Real Estate Developers’ Association of Singapore, Chia Ngiang Hong, said at a dinner Monday evening that home builders are concerned about the fat pipeline and subdued demand.
