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Property News & Market Trends
Good Property take up reflects Strong Economic Fundamentals
Posted Date: 4 Dec 2006Mr Mah: "Looking at the overall situation, I know that there are launches which have not done well. If taken in totality, you will realise that the situation is nowhere near what it was in the mid-90s when speculation was rife."
There is no cause for concern at this point in time as the government is aware of the level of activity in the market. Only a "very small sector of the market" had price adjusted upwards in the 9,10,11 districts.
"The level of activity is underpinned by very strong economic fundamentals … it reflects the confidence that people have in Singapore," he said, citing good growth and a strong job market.
Adapted from Today Newspaper by Tor Ching Li
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