21 Apr '11, 4pm

GE: WP rebuts Minister's criticisms of its housing proposals

GE: WP rebuts Minister's criticisms of its housing proposals

SINGAPORE: Workers' Party (WP) chief Low Thia Khiang has rebutted National Development Minister's criticisms of his party's housing proposals. Mr Low said Mr Mah Bow Tan's comments were aimed at "confusing" voters and that they sidetracked from the issue of how to make housing affordable. Mr Low defended his party's proposals at a news conference to unveil another four candidates for the coming General Election on Thursday. In its recently released manifesto, the WP proposed to peg the prices of new HDB flats to median incomes of households that qualify to buy them, rather than market forces. Minister Mah had said the move would lower resale flat prices. But Mr Low disagreed. He said: "His assumption is based on free market supply and demand. But we all know that the HDB new flats are not based on free market supply and demand. Both the land and the building programme are ...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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