Singapore property demand remains ‘very resilient’

Singapore closed 1.3 percent lower, battered primarily by financial stocks.

SINGAPORE: Singapore’s property demand remains “very resilient,” supported by factors including low interest rates and a stable economy, National Development Minister Lawrence Wong said.

“Our economy is still growing, so I think demand is still healthy and our assessment is these factors will remain for some time,” Wong, who’s also the second finance minister, said in a Bloomberg Television interview with Haslinda Amin.