Sunday, May 25, 2008

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Developers At Wits End to Talk Up Market

By Guest
Posted: 25-05-2008

I think the goverment's statement (that property price has peaked) is partly to counter CDL Kwek Leng Beng and other developers delaying their launches to limit supply and making comments to prop up prices which is not healthy for property market. Kwek's appeal for resume of deferment scheme was rejected recently. Now developers realising their plans are foiled, are likely to reduce prices as buyers will be more cautious commiting now.


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