SINGAPORE: Defence Minister Ng Eng Hen has urged residents of Toa Payoh Central not to sell their flats unless they have to.
Dr Ng, who is also MP for the area, said homes there may fetch a high selling price, but it will be hard to find a replacement, given its central location and accessibility.
Dr Ng was speaking at a National Day dinner celebration.
He said: "One is, if you sell your home from Toa Payoh, I worry that you are going to find it hard to find a replacement home that's better than Toa Payoh with the same amount of money.
"Second, I think that more likely than not, the prices of homes in Toa Payoh will go up. Why? Because if you look at the map, Toa Payoh is in the centre.
"North, south, east, west, whatever you build - roads and MRT - sooner or later they will have to cross Toa Payoh. That is why transportation is so easy here."
Dr Ng also said education is the best way to raise the standard of living of families.
He pledged to help children who may face difficulties.
One way is through fund-raising efforts, such as a marathon held in February where money raised helped children attend enrichment classes. - CNA/ir
MORE SINGAPORE NEWS
Latest Photo Galleries on xinmsn
Technology that generates touchable 3D imagery is unveiled in Japan, with its developers saying users could pull and push objects that are n... More Technology that generates touchable 3D imagery is unveiled in Japan, with its developers saying users could pull and push objects that are not really there. Duration: 01:07
Date 28 mins ago, Duration 1:06, Views 0