16 Jan '12, 8am

Private home owners push up COVs, not PRs: Khaw

Private home owners push up COVs, not PRs: Khaw

National Development Minister Khaw Boon Wan on Monday urged Singaporeans not to unfairly blame permanent residents (PRs) for pushing up Housing Board resale flat prices, revealing the buyers that bid up cash premium for flats are actually the local private property owners. -- ST PHOTO: ALPHONSUS CHERN By Jessica Cheam National Development Minister Khaw Boon Wan on Monday urged Singaporeans not to unfairly blame permanent residents (PRs) for pushing up Housing Board resale flat prices, revealing the buyers that bid up cash premium for flats are actually the local private property owners. Mr Khaw was responding to a question by Member of Parliament for Choa Chu Kang GRC, Mr Zaqy Mohamad, who asked if the Housing Board will consider limiting the sale of resale three-room and smaller flats to only lower-income Singaporeans. Mr Zaqy added that there is a 'common perception' tha...

Full article: http://www.straitstimes.com/Parliament/Story/STIStory_756...

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