Economy / Singapore
Housing Market Cooling Down
April 2008 | Economic AlertBMI View: Property price increases will continue to decelerate into H208, and developers are likely to delay launching new construction projects until after the current oversupply in planned private housing units is reduced. The slowdown in private property price growth, which was 4.2% q-o-q in Q108, is a sign that the economy is slowing down, and portends a lessening in the rate of inflation.
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