on residential property purchases.
Citing the 9 per cent surge in private residential prices between the third quarter of 2017 and the second quarter of 2018, he said there was a real possibility that property price increases would once again run ahead of economic fundamentals, as they did in the lead-up to 2013. Bids for land tenders, in both the en-bloc sale and Government Land Sale markets, have also become"sober", said the central bank chief.
Nevertheless, the Government has a role to help ensure that price movements are broadly consistent with economic fundamentals.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: