SINGAPORE (Oct 12): Maybank Kim Eng says a prior Singapore government measures to curb speculation in real estate may begin to bite developers and force them to lower their asking prices.

Developers may need to lower prices and quickly find buyers for many units because they need to complete and sell homes within a five-year deadline in order to get a tax remission.

Maybank estimates that the deadlines for about 3,000 such flats are in 2017.

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