Feb 21, 2014
In his Budget 2014 statement, Deputy Prime Minister and Finance
Minister Tharman Shanmugaratnam said the property cooling measures are working
but it is still too early to tweak any of the tightening policies.
"Given the run-up in prices in the last four years, it is too
early to start relaxing our measures. The government will continue to monitor
the property market in the coming quarters and adjust our measures when
necessary.
“We are not engineering a hard landing. But neither are we able to
eliminate cycles in the property market, with upswings in prices in some years
followed by corrections,” he added.
Mr Tharman explained that the cooling measures are aimed at moderating
property prices so that they do not rise beyond income levels.
He noted that property prices are stabilising while HDB BTO prices have
been stable, having been delinked from the resale flat market.
Info courtesy -
PropertyGuru
