In the midst of this covid-19 pandemic, the property prices in Singapore is still going up. Therefore, the government is closely monitoring the market to ensure that homes remain affordable to Singaporeans. Deputy Prime Minister and Finance Minister Heng Swee Keat said that Singapore do not want to be placed in the situation where property prices run ahead of underlying economic fundamentals. National Development Minister, Desmond Lee, said that developers should exercise more prudence in their land bids amidst this uncertain economic outlook.
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