Property prices yet to reach acceptable level: Tharman

SINGAPORE: Singapore property prices still have “some ways to go” before reaching an acceptable level, according to Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam.

Speaking in a Bloomberg Television interview, Mr Tharman said Singapore’s property is now in a wrong part of the cycle, and prices would become acceptable through a combination of income improvement and prices not going up further.

“Some correction in prices will not be out of order,” he added.

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