Property market stable but faces risks: Desmond Lee

2024 · 02 · 26

The property market is now broadly stable, but risks from trade rows and geopolitical tensions could still hit the sector, Second Minister for National Development Desmond Lee said yesterday.

He told the 60th anniversary dinner of the Real Estate Developers' Association of Singapore (Redas) that private housing prices appear to be moving more in line with economic fundamentals than they were in the first half of last year.

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Adapted from The Straits Times 3rd December 2019