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Singapore tries to cool house prices

The government of Singapore is taking steps to cool the housing market, which has some investors worried, as Sharanjit Leyl reports.

If you are looking to own real estate, Singapore is the second most expensive city in the world, after Hong Kong.

The government there has recently decided to introduce tougher measures to cool the property market.

But are these measures working?

Sharanjit Leyl reports in the latest part of our series on the global housing market.