The key executive officer of ERA Eugene Tan went as far as to remark, "Okay, we can all close shop already".
Perhaps KBW is just borrowing a trick from central bankers: managing prices by talking. On the other hand he might really be planning to move the earth underneath and reset this whole business of property. I doubt the government has so much confidence or courage though. What I think they have convinced themselves of is that using their favorite strategy of 'striking a balance' will produce an outcome which everyone is unhappy. Therefore you must decide who to please first and try to please the others later if at all. When in doubt, please the majority of voters first. As there is not much they can do about transport in the short term, accessibility of public housing and property prices are where they must overwhelmingly deliver and deliver quickly.
The G must be really hard up for feedback on housing. They will also be wanting it in a great hurry too.
The property agents are probably right to be very worried. Their business is going to get very hard. As a group the government can afford to make them do 'national service'.
Too foggy now to see what is ahead.
The ONLY thing which holds up the votes for 61% PAP supporters is the fact that they are almost all millionaires on paper,no matter that is the one they stay in,so this is a card that Lau Lee holds dear,father knows best!
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