Kuan Yew: Check spike in property prices
By AFP
SINGAPORE: Singapore must not allow its rising property prices to be as high as those in Hong Kong, Lee Kuan Yew, the country’s former prime minister, was quoted as saying by a local broadcaster. ChannelNewsAsia quoted Lee as saying on Saturday that the South-East Asian city-state — where property prices are seeing their biggest gain in over seven years — must check the spike in rents for offices and homes, or risk becoming less competitive.
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