National Development Minister Mah Bow Tan (left) said: ‘As far as (private home) prices are concerned, we want to make sure the property market do not become overheated.’
THE Government is considering reinstating the ‘confirmed list’ of new sites for sale at its year-end review – a move seen by experts as a measure to cool the buzzing property market.
National Development Minister Mah Bow Tan said on Wednesday: ‘As far as (private home) prices are concerned, we want to make sure the property market do not become overheated, that there is no excessive speculation.’
‘The government is monitoring the market very closely. If there’s any necessity, obviously we will take certain actions. One of the things we are looking at is the Government land sales,’ he told reporters at the launch of the final skybridge at Singapore’s tallest public housing project The Pinnacle@Duxton. It has 1,848 units, of which 111 are unsold.
Bringing back the confirmed list is a ‘a definite possibility’, said Mr Mah.
The Government suspended the confirmed list of sale sites last October when the property market was in the doldrums and Singapore slipped into a recession. Continue reading
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