20 May '11, 2am

I accept responsibility for unhappiness on the ground, says Mah Bow Tan

SINGAPORE - It was the portfolio he was most widely known for and, ultimately, may have cost him political points with voters. National Development Minister Mah Bow Tan (picture), 62, acknowledged yesterday that housing prices went up sharply in the last two years, "coinciding with the dramatic turnaround in the economy". "That resulted in a lot of unhappiness on the ground, and I accept responsibility for that," said Mr Mah. He was speaking to reporters last night on the sidelines of a Building and Construction Authority event. On Wednesday, Prime Minister Lee Hsien Loong announced that Mr Mah was one of the ministers who were stepping down from Cabinet. And in a statement issued earlier yesterday, Mr Mah said he had expressed his desire two years ago to retire at the end of the previous term of Parliament. "Now that the elections have been fought and won, all the more re...

Full article: http://www.todayonline.com/Hotnews/EDC110520-0000261/I-ac...

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