New measures introduced in Singapore to curb rampant speculation as property market heats up

[Nicholas Wallwork]

Demand for off-plan property in Singapore has increased since the beginning of the year with sales for the first seven months of 2009 already exceeding the total for 2008, it is claimed.

According to the latest figures from the government there were over 10,000 units sold up to the end of July this year compared with just 4,260 in the whole of 2008.

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