Singaporeans complained about rising HDB flat prices to PAP minister
December 6th, 2010 | Author: Editorial
In a sign that the rising property prices will be a hot issue in the coming general election,
PAP minister without portfolio Lim Hwee Hua was “swarmed” with complaints from
Singaporeans about the ever rising HDB flat prices and Cash-Over-Valuation.
Ms Lim acknowledged the desire of Singaporeans to own their homes and claimed
that the Ministry of National Development has “looked” into the matter and “realized”
that it is caused by a “small percentage” of private property owners who
speculate on the properties.
However, Ms Lim failed to address genuine concerns on the ground that the
astronomical rise in prices is due to the relentless influx of immigrants brought
in by the PAP regime to replace Singaporeans.
Instead, she praised her ministry for implementing a series of “cooling measures”
to cool the market down.
“So we decided to have the cooling measures… to cool the market down.
And the starting point is meeting the needs of Singaporeans who would like
to own a flat,” she was quoted as saying in Channel News Asia.
PAP National Development Minister Mah Bow Tan initially proclaimed that
there is nothing he can do to control property prices, but later back
tracked and said that the “cooling measures” are “working”.
.
Jamison
December 6th, 2010 | Author: Editorial
In a sign that the rising property prices will be a hot issue in the coming general election,
PAP minister without portfolio Lim Hwee Hua was “swarmed” with complaints from
Singaporeans about the ever rising HDB flat prices and Cash-Over-Valuation.
Ms Lim acknowledged the desire of Singaporeans to own their homes and claimed
that the Ministry of National Development has “looked” into the matter and “realized”
that it is caused by a “small percentage” of private property owners who
speculate on the properties.
However, Ms Lim failed to address genuine concerns on the ground that the
astronomical rise in prices is due to the relentless influx of immigrants brought
in by the PAP regime to replace Singaporeans.
Instead, she praised her ministry for implementing a series of “cooling measures”
to cool the market down.
“So we decided to have the cooling measures… to cool the market down.
And the starting point is meeting the needs of Singaporeans who would like
to own a flat,” she was quoted as saying in Channel News Asia.
PAP National Development Minister Mah Bow Tan initially proclaimed that
there is nothing he can do to control property prices, but later back
tracked and said that the “cooling measures” are “working”.
.
Jamison