10 Jun '11, 8am

Minister Khaw worries over private property market: Minister for National Development Khaw Boon Wan has expresse...

Minister for National Development Khaw Boon Wan has expressed his worries over the Singapore private property market. In his latest blog entry, Minister Khaw wrote that a sharply rising property market upsets and frightens many. "We have always recognised that unsustainable, rapid price increase brings with it enormous risks and that got us to act earlier on. While sharp rises are painful, sharp declines are just as disastrous," he wrote. "Those who borrow to go into properties thinking that prices will continue to rise, will be thrown into financial hardship should prices drop and banks start calling. The world witnessed this barely two years ago when the US property market crashed and we all suffered from it." Tejaswi Chunduri, a real estate analyst at PropertyGuru, said that it is good that Minister Khaw is being very cautious and proactively voicing his concerns about ...

Full article: http://sg.news.yahoo.com/minister-khaw-worries-over-priva...

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(ST) Khaw 'worries' about the private property market

(ST) Khaw 'worries' about the private property ...

straitstimes.com 09 Jun '11, 9am

National Development Minister Khaw Boon Wan (above) has expressed his worries about the private property market. -- ST PHO...

Property prices worry National Development Mini...

channelnewsasia.com 09 Jun '11, 8am

SINGAPORE: Minister for National Development Khaw Boon Wan has sounded an alert on a possible sharp fall in property price...

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channelnewsasia.com 11 Jun '11, 1pm

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'DBSS is not HDB': Minister Khaw says in new blog

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Read what Minister Khaw Boon Wan observes about...

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IM$avvy Headlines: Owners’ loft plans for units...

cpf.gov.sg 10 Jun '11, 7am

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To put a historical perspective to this article, I think the first thing to go wrong came way before Mr Khaw’s time and th...

Limit private homes to foreigners

straitstimes.com 06 Jun '11, 8pm

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straitstimes.com 11 Jun '11, 1am

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In the year 2006, my husband and I purchased a HDB flat. After a few years of hardwork and savings, we had plans to upgrad...

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