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Desmond Sim of CBRE says the most important issue affecting Singapore’s actual estate market is the rising rate of interest setting. CEO Bob Sulentic mentioned actual estate market exercise around the globe. This is the state of an actual property market stricken by black realtors,” unscrupulous gross sales brokers who use a wide range of ploys to separate Muscovites from their cash or property within the largest metropolis in Europe. Russian media coined the phrase and described the brokers as akin to criminals working an actual estate black market, in a metropolis the place $29 billion in residential property is sold every year.