World English News » Singapore http://worldenglishnews.com International English Language News Articles and Blog Fri, 25 Jun 2010 17:33:50 +0000 en hourly 1 http://wordpress.org/?v=3.0 Singapore property market booms despite deep recession http://worldenglishnews.com/2009/08/15/singapore-property-market-booms-despite-deep-recession/ http://worldenglishnews.com/2009/08/15/singapore-property-market-booms-despite-deep-recession/#comments Sat, 15 Aug 2009 01:51:42 +0000 admin http://worldenglishnews.com/?p=150 Despite Singapore’s worst economic slump since independence, the residential property sector is in the midst of a new boom reminiscent of 2007, when the city-state was known as the world’s hottest real estate market.  

Greed and its twin brother fear are back in play as punters stake out condo launches days before sales open, with some offering blank cheques to pre-book flats, prompting the government to hint it may have to cool things down.

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