SINGAPORE (Bloomberg): Singapore has no immediate plans to ease property curbs, Deputy Prime Minister Heng Swee Keat said, amid renewed calls by developers to loosen a measure that penalises them if they fail to complete and sell new projects within five years.
"It is not on our radar at this point because we need to make sure that we stabilise the economy and we address long-term structural issues, ” Heng, who is also finance minister, said in a Bloomberg TV interview on Wednesday (Feb 19).
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