Mr Khaw Boon Wan speaking on Channel 8 News and Current Events

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[20 Oct 2014] Mr Khaw Boon Wan speaking on Channel 8 News and Current Events

Key Message:

1) Cooling measures are here to stay. Prices have increased about 55% since 2009 but only dropped by 6% so far. Government wants to correct the pricing before reviewing cooling measures.

2) Anytime is a good time to buy as long as you need a house and can afford it.

3) HDB supply is to cut 10% this year (2014) and about 25% next year (2015).

4) Land sales program is to cut down.

5) Over supply is NOT expected as fewer land and houses will be launched and built.