Workers paint the external corridor of a Housing & Development Board (HDB) public housing estate in the Toa Payoh district of Singapore, on Friday, April 5, 2019. Singapore's aging public housing has been a source of anxiety, for home owners and the government alike. There may be some relief, however, with the government announcing new rules for those willing to buy older properties. Photographer: Bryan van der Beek/Bloomberg
Singapore: Almost a year after intervening to stem soaring property prices, Singapore has done what it set out to do and stabilised the property cycle, Minister for National Development Lawrence Wong said.
“The property market last year, before the cooling measures were put in place, we saw prices rising very sharply,” Wong said in an interview with Bloomberg Television.
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