26 May '11, 10pm

Will there be a housing market overhaul?

The biggest news for the real estate industry after the General Election has to be the appointment of Mr Khaw Boon Wan as the new Minister for National Development. Together with other new ministers, he will "have a free hand to rethink and reshape policies", Prime Minister Lee Hsien Loong has said. Mr Khaw has acknowledged that the issue of housing is red-hot with widespread unhappiness and he has pledged to make "housing and HDB Singaporeans' popular icon again". He will have his work cut out for him. We are already into our fourth set of cooling measures and have progressively and significantly ramped up housing supply - both for the private and public housing sectors. In the space of four years, we have had three very good years of new private housing sales. And judging from the sales figures for the first four months of this year, we are right on track to achieve yet ...

Full article: http://www.todayonline.com/Business/Property/EDC110527-00...

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