Friday, June 13, 2008
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SINGAPORE, May 23 (Reuters) - Singapore's booming property market has peaked and will continue to moderate over the next two years, the country's trade ministry said on Friday.
Singapore's central bank said that while the financial services industry could face some slowdown there was no evidence of a large job cuts.
"There could be some slowdown, but not major slowdown. Anecdotal evidence shows that while financial institutions are reviewing headcounts and business lines, they are also looking at several areas of growth," Monetary Authority of Singapore Deputy Managing Director Ong Chon Tee told a news conference.
Singapore Govt: Property to moderate over next 2 years
Singapore property prices have peaked - govtSINGAPORE, May 23 (Reuters) - Singapore's booming property market has peaked and will continue to moderate over the next two years, the country's trade ministry said on Friday.
Singapore's central bank said that while the financial services industry could face some slowdown there was no evidence of a large job cuts.
"There could be some slowdown, but not major slowdown. Anecdotal evidence shows that while financial institutions are reviewing headcounts and business lines, they are also looking at several areas of growth," Monetary Authority of Singapore Deputy Managing Director Ong Chon Tee told a news conference.
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The blogger here has been affectionately named by close allies as "Smart Buyer" but really, he's not smart. Smart Buyer just believes that being prudent is smart. That's the essence of the message of this blog and Smart Buyer hopes it'll benefit other property buyers.
Smart Buyer :)