(Reuters photo)SINGAPORE -- Singapore’s biggest developer, CapitaLand Ltd, detects signs that the city’s residential property market is “bottoming out” after a run of price declines, Chief Executive Officer Lim Ming Yan said. Many investors are seeing Singapore as relatively more attractive than Hong Kong, London or Australian cities, Mr Lim, who’s also president of the firm, said in a Bloomberg TV interview with Haslinda Amin on Thursday. “For a rebound to take place on a more sustainable basis, there has to be overall improvements in the fundamentals,” Mr Lim said. In March, Singapore eased some restrictions, but cautioned that those adjustments didn’t signal any bigger unwinding of curbs. Singapore’s restrictions are “a very stringent policy,” so further tightening isn’t likely, Mr Lim said.

Source: Bangkok Post August 03, 2017 05:48 UTC