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

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Daily Briefing: Annualized home appreciation rate rises for first time in over a year Rent Growth Hits 10-Month High as Home Value Appreciation. – Rent prices grew on an annual basis at their highest rate since April, after decreasing for the first time in six years last fall – rent prices grew 2.4 percent from a year ago. The median U.S. rent is now $1,472. – The typical U.S. home is worth $226,300, a year-over-year increase of 7.2 percent.

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

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