20 May '11, 8am

Mah Bow Tan accepts responsibility over the unhappiness caused by the sharp rise in housing prices. #Singapore

Mah Bow Tan accepts responsibility over the unhappiness caused by the sharp rise in housing prices. #Singapore

Outgoing National Development Minister Mah Bow Tan accepts responsibility for housing prices. (Yahoo! photo) National Development Minister Mah Bow Tan said on Thursday that he accepts responsibility over the unhappiness caused by the sharp rise in housing prices. "Housing is always a very sensitive subject. 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, I guess that resulted in quite a lot of unhappiness on the ground. And I accept responsibility for that," said the outgoing minister to the mainstream media. Minister Mah, who was speaking at the sidelines of a Building and Construction Authority event, is one of the three ministers whose retirement was announced on Wednesday . The other two are Ministers Raymond Lim and Wong Kan Seng. In an earlier statement on Th...

Full article: http://sg.news.yahoo.com/blogs/singaporescene/mah-bow-tan...

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