| Minister for National Development, Khaw Boon Wan, took to his blog on Thursday to express his concerns over the private property market. Noting the rise in property prices in recent years, Mr Khaw warned that 'sharp property price increases cannot go on forever.'
"Those who borrow to go into properties thinking that prices will continue to rise, will be thrown into financial hardship should prices drop and banks start calling. The world witnessed this barely 2 years ago when the US property market crashed and we all suffered from it," wrote Mr Khaw...............................................Full Article: Source
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