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Desmond Sim of CBRE says the biggest issue affecting Singapore’s actual property market is the rising rate of interest atmosphere. CEO Bob Sulentic mentioned actual estate market activity across the globe. That is the state of a real estate market tormented by black realtors,â€ unscrupulous sales brokers who use a variety of ploys to separate Muscovites from their money or property in the largest city in Europe. Russian media coined the phrase and described the brokers as akin to criminals working an actual property black market, in a city the place $29 billion in residential property is sold every year.