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Real estate developers to bring forward property launches
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SINGAPORE : Singaporeans can look forward to more property launches. The Real Estate Developers' Association of Singapore (REDAS) on Thursday announced that its members will be bringing forward property launches.
REDAS added that its efforts are only limited by the land available and hence the long-term solution to a stable market is still adequate supply.
The association celebrated the Lunar New Year, riding on an upbeat mood.
Joining in its Spring Festival was Finance Minister Tharman Shanmugaratnam, and the association shared with him its views on his recent Budget Statement.
Simon Cheong, president, Real Estate Developers' Association of Singapore, said: "REDAS was hoping for more cash in our ang pows (red packets) from you, Minister. But when we opened the ang pow, we were disappointed there was not much inside for developers.
"Nonetheless, we are happy with your long-term productivity ang pow, as what is good for Singapore's economy in the long run must also be good for the Singapore property market. It is what REDAS calls a deferred payment ang pow."
The association celebrated the Lunar New Year, riding on an upbeat mood.
Joining in its Spring Festival was Finance Minister Tharman Shanmugaratnam, and the association shared with him its views on his recent Budget Statement.
Simon Cheong, president, Real Estate Developers' Association of Singapore, said: "REDAS was hoping for more cash in our ang pows (red packets) from you, Minister. But when we opened the ang pow, we were disappointed there was not much inside for developers.
"Nonetheless, we are happy with your long-term productivity ang pow, as what is good for Singapore's economy in the long run must also be good for the Singapore property market. It is what REDAS calls a deferred payment ang pow."
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