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Singapore Prime Minister: Government to offer public housing to more households

Posted on 15 August 2011

Singapore Prime Minister Lee Hsien Loong said Sunday the government will keep up construction of public housing and allow more households to purchase those units, in an effort to meet demand and stabilize housing costs.

Lee’s comments come as the government, chastened by a slump in support in recent elections, seeks to temper property market sentiment and curb runaway housing costs. As in many parts of Asia, particularly Hong Kong and mainland China, property prices in Singapore have been setting records, fueled by abundant liquidity and record-low interest rates……………………………………….Full Article: Source

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