SINGAPORE (Jan 14): Singapore needs to clarify details of how HDB owners can retain the value of their properties under a proposed government scheme. If not, general elections, which has been rumoured to be called this year, has “no way” of happening.

“If they don’t clarify these issues, they can’t call for an election this year,” says Kelvin Tay, regional chief investment officer of UBS Global Wealth Management, at the Swiss bank’s Wealth Insights Forum this morning.

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