15 Jun '11, 3am

(TTR) No easy answers in the housing hot-seat

No easy answers in the housing hot-seat June 15th, 2011 | Author: Temasek Review National Development Minister Khaw Boon Wan faces the arduous task of reconciling the expectations of prospective home-buyers and current property owners When Mr Khaw Boon Wan “volunteered” to take on the National Development portfolio following last month’s general election, he must have known that his every move would be watched closely both by current home-owners and prospective home-buyers. Almost immediately, he admitted that he would be faced with a mammoth task, with housing being one of the white-hot issues at the election. Mr Khaw’s biggest challenge comes at a time when Singapore’s property prices are spiralling out of control. His predecessor, Mr Mah Bow Tan, adopted an “asset enhancement policy” which sought to help more Singaporeans climb up the social ladder through their ownersh...

Full article: http://www.temasekreview.com/2011/06/15/no-easy-answers-i...

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