Time

Sunday, June 1, 2008

Singapore property prices have peaked - govt

SINGAPORE, May 23 (Reuters) -

Singapore''s booming property market has peaked and will continue to moderate over the next two years, the country''s trade ministry said on Friday.

Singapore''s central bank said that while the financial servicesindustry could face some slowdown there was no evidence of a large job cuts.

"There could be some slowdown, but not major slowdown. Anecdotal evidence shows that while financial institutions are reviewing headcounts and business lines, they arealso looking at several areas of growth," Monetary Authority of Singapore Deputy
Managing Director Ong Chon Tee told a news conference.

No comments: