The authorities will intervene and do what is needed, as seen in the latest property cooling measures, to keep public housing affordable for Singaporeans and ensure the property market is stable, Minister for National Development Desmond Lee told Parliament on Tuesday.
Responding to questions from Mr Yip Hon Weng (Yio Chu Kang), Mr Lee said the government will intervene decisively and carefully, being cognisant of the uncertain global economic outlook and rising interest rates, which affect home prices and contribute to uncertainty in the local property market.
"We will continue to monitor the market closely and adjust our policies as necessary on both housing demand and supply, to ensure that prices move broadly in line with economic fundamentals," said Mr Lee.
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Responding to questions from Mr Yip Hon Weng (Yio Chu Kang), Mr Lee said the government will intervene decisively and carefully, being cognisant of the uncertain global economic outlook and rising interest rates, which affect home prices and contribute to uncertainty in the local property market.
"We will continue to monitor the market closely and adjust our policies as necessary on both housing demand and supply, to ensure that prices move broadly in line with economic fundamentals," said Mr Lee.
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