October 11, 2007

Bloomberg: Singapore Rents Alarm Tenants, Spark Inflation

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Andy Mukherj said:

Singapore's landlords have already pushed their tenants into a corner; now they may be testing the central bank's patience.

If the global economy doesn't slow in 2008, the island's monetary authority may have to tighten its policy to manage the impact of skyrocketing rents on consumer prices.

Recommended by mb: "Is a stronger Singapore dollar on the way?"

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Submitted by mb on October 09//1:23pm and published by jseng, cowboycaleb :: 4616 reads | trackback (2)
Comments 3

Trackback from Singapore Economy : Too Hot to Handle!:

Strangely, there're alot of things inflating the govt can't do much about but when it comes to wage inflation, the solution is to bring in more foreign labor....