SINGAPORE, March 3 - The Singapore government will do "whatever it takes" to ensure stability in the property market, a government minister said on Thursday. Mah Bow Tan, minister for national development, told parliament that recent cooling measures have prevented prices from rising sharply, but he added the government could increase land sales.
"We will be supplying even more in our land sales programme," he said.
Singapore earlier this year introduced new measures to cool home prices that have continued to rise despite earlier efforts to put a lid on a red-hot property market.
[ Reuters - Thursday, March 3 ]
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