02.04.2012 - Singapore: Towards sustainable housing market
Prices of real estate here should not be left too open to market forces, as we are a small island with limited land for development. The market is also imperfect because big players such as developers can control prices. It is timely that the Government is focusing anew on its objective to provide affordable housing for Singaporeans. Perhaps the Government could directly maintain sustainable prices by pegging Build-To-Order (BTO) flat prices to the income levels of average Singaporeans...............................................Full Article: Source
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