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Singapore will not take a hands-off attitude to property cycle

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"Let me be very clear that the government cannot and will not take a hands-off attitude to the property cycle," Mr Wong said. "So there should not be any surprise when we intervene in the market, because that is our approach and attitude."

The Singapore Government will not take a hands-off attitude to the property cycle and allow bubbles to develop. The Minister for National Development, Mr Lawrence Wong, said this at the Institute of Real Estate and Urban Studies (IREUS) Conference on ‘Real Estate and Urban Studies’on May 24.

"The Chinese Zodiac, known as Sheng Xiao, is based on a twelve-year cycle, each year in that cycle related to an animal sign. These signs are the rat, ox, tiger, rabbit, dragon, snake, horse, sheep, monkey, rooster, dog and pig.

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Current property cycle versus the 1986-1998 cycle. The current property cycle bears the following similarities with the 1986-1998 cycle: 1) At the cycle peak, landed properties outperformed non-landed properties and detached houses are the best performer while condominiums are the worst performer.

"Let me be very clear. The Government cannot and will not take a hands-off attitude to the property cycle. So there should not be any surprise when we intervene in the market."

Essentially property prices will hold firm as people find value in security and serenity that comes with living in Singapore. My personal take to prospective buyers out there is to seriously consider making a purchase in the next two years. It is an extremely good time to be a buyer in the property market. This scenario will not last forever.

3. Our Attitude Towards Public Property. Just recently, we wrote about bicycle-sharing startups and their plight with irresponsible users in Singapore. While there are many pronounced differences between Singaporeans and Malaysians, in this one aspect we might be similar. There is a prevailing low sense of civic duty towards public property.

Singapore will not take a hands-off attitude to property cycle lake forest residents organize against property owners association – Lagniappe Mobile 2 Things You Need to Know to Properly Price Your Home

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