Resale-flat prices may move soon, says minister

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Resale-flat prices may move soon, says minister

Postby winchester » Mon May 06, 2013 9:44 am

he committed liao say don't worry, let's see if he u-turn or there is bigger worry later to make him regret his words... ... 20490.html

Public-housing prices in the resale market could see a shift in the coming months, and especially from next year, when new flat owners collect their keys, said National Development Minister Khaw Boon Wan yesterday.

This is because of the 50,000 new flats that the Government has been building in the past two years, Mr Khaw said during an Our Singapore Conversation dialogue.

He explained that the Government can have an indirect influence on resale prices, even though they are determined by buyers and sellers.

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