Merlion Park in Singapore. The city state’s efforts to build an international wealth hub are paying off as it enjoys a post-Covid resurgence. Photo: AFP
Merlion Park in Singapore. The city state’s efforts to build an international wealth hub are paying off as it enjoys a post-Covid resurgence. Photo: AFP
Singapore

Singapore’s red-hot property prices ‘under control’ amid record US$317 billion of inflows, says central bank chief

  • ‘When a large sum of money comes in to any country, you should be worried about it,’ Singapore’s central bank chief said of the record inflows
  • But the city state is well-equipped to handle the surge, he said, adding that in terms of regulation ‘there’s so much money coming in, you can choose’

Merlion Park in Singapore. The city state’s efforts to build an international wealth hub are paying off as it enjoys a post-Covid resurgence. Photo: AFP
Merlion Park in Singapore. The city state’s efforts to build an international wealth hub are paying off as it enjoys a post-Covid resurgence. Photo: AFP
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