Written Answer

Steps to Ensure Growth of Real Estate Tokenisation Industry Does Not Distort Prices of Property in Local Market

18 September 2023 · Ministry of National Development

Speakers

Usha Chandradas Desmond Lee (Minister for National Development, Minister-in-charge of Social Services Integration)

Transcript

61 Ms Usha Chandradas asked the Minister for National Development what steps are being taken to ensure that the growth of the real estate tokenisation industry in Singapore does not distort the prices of property in the local market.

Mr Desmond Lee: Currently, the real estate tokenisation industry in Singapore is still nascent and unlikely to impact property prices. Nevertheless, we are monitoring the situation closely and will adjust our policies as necessary.