Monday, August 30, 2010

Government objective regarding real estate prices

Our purpose is to make sure in the long term, Singaporeans can own their homes and afford it and it will be a gradually appreciating asset which will grow as Singapore grows.” PM Lee

This is simplistic. It will be anything but this. Property owners, buyers and sellers, i.e., pretty much everyone except children need to intelligently manage the price risk of properties. There is no other way than looking at this issue holistically. He was talking to the stupid ones. I hope we don't have too many of them.

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