How will Singapore’s elections affect its real estate market?

 —  Article by Beelin Ang

As Singapore heads to the polls on 11 September, the country’s Prime Minister Lee Hsien Loong faces one of his toughest challenges yet. 

As Singapore feels the effects of a weakening economy, the ruling People’s Action Party, founded by Lee Hsien Loong’s father, the late Lee Kuan Yew, is coming up against an increasingly vocal opposition.

For the first time since independence, all of Singapore’s 2.5 million registered votes will have more than one party to choose from, with opposition candidates standing in all 89 seats across the country’s 29 voting districts.

Watch the video to hear JLL’s Head of Southeast Asia Research, Dr Chua Yang Liang, gives his views on how the election result will impact government policy and the real estate market.

 

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