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

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Let me be very clear. The Government cannot, and will not take a hands-off attitude to the property cycle. So, there should not be any surprise when we intervene in the market, because that is our approach and attitude. I do not think any responsible government should do so. Instead, we will do whatever we can to prevent property bubbles from.

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Start studying Government Quizzes. Learn vocabulary, terms, and more with flashcards, games, and other study tools.. opposes all government action except that which protects life and property. Globalization can be seen as a threat to.. take a hands-off attitude toward the economy. Which.

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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Sending a clear message at the 59th anniversary of the real estate developers‘ Association of Singapore (Redas), National Development Minister Lawrence Wong stressed: “Let me be very clear that government cannot and will not take a hands-off attitude to the property cycle.