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...The lack of supply is expected to cause luxury home prices to increase by more than every other global city, according to Savills, which is predicting growth of between 8 and 10 per cent this year....
...Add to this its free flow of capital, tax-free port status, logistical efficiency and deep pool of talent, and it’s easy to see why regional players have kept returning to the city....
...But such a check would have barred the kind of investment that has enriched and developed Singapore. The experience of the city state shows that higher debt issuance is a poor measure of fiscal space....
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