09 Oct '11, 12am

The Singapore housing market should 'stabilise' within the next 4 years, says PM Lee

The Singapore housing market should 'stabilise' within the next 4 years, says PM Lee

PM Lee Hsien Loong sharing a laugh with the Yap family yesterday. They are (from left) Mr Alvin Yap, 23; his girlfriend Mak Wei Ling, 23; his parents Iris Neo, 43, and Yap Eng Hock, 55; and sister Selene Yap, 25. Mr Lee had visited their home to see the result of a $48.3 million upgrading effort in Kebun Bahru, part of his Ang Mo Kio GRC. -- ST PHOTO: NG SOR LUAN By Rachel Chang Asked by Prime Minister Lee Hsien Loong if he had applied for a flat with his girlfriend of eight years, IT professional Alvin Yap replied in the negative, and turned the question back on Mr Lee. Referring to the heated housing market, Mr Yap, 23, asked hopefully: 'There should be a lot of changes after the election, right?' As the room erupted in laughter, Mr Lee said with a smile that the Government was 'gradually trying to make improvements'. The Prime Minister was visiting the four-room flat Mr...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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