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

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SINGAPORE – If the Government had not stepped in with. The Government cannot and will not take a hands-off attitude to the property cycle.

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It points out that it would take an average of 168 years. the teardown cycle means we’re adding, not reducing, greenhouse gas emissions. The demolition craze is fuelled by rising property values,

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The government has concluded that it cannot take a "hands-off" approach to managing Singapore’s property market and allow asset bubbles to develop. "This is not what a responsible government would do," says Lawrence Wong, Minister for National Development and Second Minister for Finance.