Businesses in real estate render highly lucrative returns given the incessant demands in housing sector on account of the ever increasing population numbers today. However, Singapore is presenting a different kind of scenario to view. Despite an upsurge in private property prices in the second quarter of this financial year, the take-up rates for houses remain low. This is a cause for worry which needs to be addressed according to Chia Ngiang Hong, president of the Real Estate Developers Association Singapore.
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