Repeated warnings on property market exuberance may have muted impact

DESPITE a series of warnings from the government on the risks of excessive exuberance in the property market, it remains to be seen whether market participants will pay heed and exercise prudence - going by the still-bullish land bids tabled since the latest warning.

The government and developers are not even seeing eye-to-eye about the state of the property market and its attendant risks to stability to begin with.

Just…