19 May '11, 2pm

GE results a factor to Mr Mah's stepping down? - Channel NewsAsia #sgelections #sgelection

SINGAPORE: National Development Minister Mah Bow Tan said he accepted responsibility for the unhappiness over the sharp rises in housing prices. In addition, he acknowledged that his housing portfolio may have cost him some political points with the electorate. Mr Mah said this to reporters on the sidelines of a Building and Construction Authority event held Thursday evening. "Housing is always a very sensitive topic, a very sensitive subject," Mr Mah said. "And I guess to the extent that in the last couple of years, housing prices went up very sharply, coinciding with the very dramatic turnaround in the economy. Yeah, I guess.... that resulted in a lot of unhappiness on the ground and I accept responsibility for that." Prime Minister Lee Hsien Loong announced on Wednesday that Mr Mah was stepping down from Cabinet. In a statement issued earlier Thursday, Mr Mah revealed t...

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

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