National Development Minister Mah Bow Tan said on Monday that the slew of measures announced to cool the #39;buoyant#39; private property market was necessary to prevent a bubble from forming. Home prices in Singapore surged by 11 per cent in the first half of the year. If the current momentum continues, a property bubble will form, said Mr Mah at a press conference. #39;And when – not if – the bubble bursts, there will be severe implications for individuals and the economy as a whole#39;, he
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Mah Bow Tan: Singapore Ministry of National Development
