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Nikkei Markets

Singapore eases property rule amid fallout from coronavirus

Central bank has said local dollar has room to fall, other measures likely

Singapore's housing market has an outsized influence on consumer confidence and household wealth as more than 90% of citizens buy their own homes with the help of loans from commercial banks.   © Reuters

SINGAPORE (Nikkei Markets) -- As the fallout from the coronavirus outbreak deepens, the authorities in Singapore are responding with a series of measures to cushion key sectors of the city-state's open economy.

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