29 Jan '11, 3pm

Oh shit!!! But I doubt it will hit a new low! :P - Upgrading to private home? Wait a bit, says Mah (via ST iPhone App)

'Housing prices are rather high now... if you wait for a while, you might find more affordable properties,' Mr Mah was quoted in the paper as saying. -- ST PHOTO: DESMOND LIM IF YOU are a Housing Board flat owner looking to upgrade to a private property, wait a little longer before signing on the dotted line. This was the advice from Minister for National Development Mah Bow Tan in an interview published in the Chinese daily Lianhe Wanbao on Saturday. 'Housing prices are rather high now... if you wait for a while, you might find more affordable properties,' Mr Mah was quoted in the paper as saying. Serious home buyers should be patient as he expects interest rates and the supply of private properties to rise soon, and both these factors should help to curb the steady trend of rising prices. 'When that happens, you will be thankful that you didn't buy right now!' he quipped...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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