Updated: 03/11/2014 00:45

Premature for the government to withdraw its property cooling measures: Khaw Boon Wan



Premature for the government to withdraw its property cooling measures: Khaw Boon Wan

National Development Minister Khaw Boon Wan says it's premature for the government to withdraw its property cooling measures. 

This is given that prices are still rising, though tepidly, in some market segments. 

Mr Khaw was speaking in parliament during his ministry's Committee of Supply debate. 

"While we have re-tilted the balance between buyers and sellers, we are not yet at the optimal state. We will continue to watch the market closely. On the supply side, we are moderating both the BTO programme and Government land sales. Meanwhile, both buyers and sellers have to be realistic in their expectations." 

Mr Khaw also says there are currently no immediate plans to lift the HDB and Executive Condominiums income ceilings. 

The National Development ministry also has no plans to extend the scheme for singles to bigger flats. 

Mr Khaw says this is because the government needs to give priority to the married couples given limited resources.

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