Cheong Loo Lim
08-02-14, 11:28
With concerns over the global economy, CDL’s Executive Chairman Kwek Leng Beng has suggested that it is time for the government to tweak the property measures, especially as the real estate market starts to cool.
Speaking at the Real Estate Developers’ Association of Singapore (Redas) Spring Festival lunch on Friday, Mr Kwek said: “Since 2009, the Government has introduced a series of measures to control the real estate prices, to ensure home ownerships to Singaporeans are affordable with sufficient supply especially for first-time homebuyers. This is commendable.”
“As the property market starts to cool, I would like to humbly suggest that this may be the right time to tweak the control measures in the light of concern over the global economy even in the year of the horse. It does take time for the medicine to work. Both the private and public sectors want a soft landing,” he added.
Mr Kwek also took the opportunity to urge property developers to work together with the government to ensure a sustainable property market.
For his contributions towards building Singapore’s real estate industry, Mr Kwek was awarded with the inaugural Redas Lifetime Achievement Award.
With concerns over the global economy, CDL’s Executive Chairman Kwek Leng Beng has suggested that it is time for the government to tweak the property measures, especially as the real estate market starts to cool.
Speaking at the Real Estate Developers’ Association of Singapore (Redas) Spring Festival lunch on Friday, Mr Kwek said: “Since 2009, the Government has introduced a series of measures to control the real estate prices, to ensure home ownerships to Singaporeans are affordable with sufficient supply especially for first-time homebuyers. This is commendable.”
“As the property market starts to cool, I would like to humbly suggest that this may be the right time to tweak the control measures in the light of concern over the global economy even in the year of the horse. It does take time for the medicine to work. Both the private and public sectors want a soft landing,” he added.
Mr Kwek also took the opportunity to urge property developers to work together with the government to ensure a sustainable property market.
For his contributions towards building Singapore’s real estate industry, Mr Kwek was awarded with the inaugural Redas Lifetime Achievement Award.
Source: PropertyGuru.com/rn, 7 February 2014
Speaking at the Real Estate Developers’ Association of Singapore (Redas) Spring Festival lunch on Friday, Mr Kwek said: “Since 2009, the Government has introduced a series of measures to control the real estate prices, to ensure home ownerships to Singaporeans are affordable with sufficient supply especially for first-time homebuyers. This is commendable.”
“As the property market starts to cool, I would like to humbly suggest that this may be the right time to tweak the control measures in the light of concern over the global economy even in the year of the horse. It does take time for the medicine to work. Both the private and public sectors want a soft landing,” he added.
Mr Kwek also took the opportunity to urge property developers to work together with the government to ensure a sustainable property market.
For his contributions towards building Singapore’s real estate industry, Mr Kwek was awarded with the inaugural Redas Lifetime Achievement Award.
With concerns over the global economy, CDL’s Executive Chairman Kwek Leng Beng has suggested that it is time for the government to tweak the property measures, especially as the real estate market starts to cool.
Speaking at the Real Estate Developers’ Association of Singapore (Redas) Spring Festival lunch on Friday, Mr Kwek said: “Since 2009, the Government has introduced a series of measures to control the real estate prices, to ensure home ownerships to Singaporeans are affordable with sufficient supply especially for first-time homebuyers. This is commendable.”
“As the property market starts to cool, I would like to humbly suggest that this may be the right time to tweak the control measures in the light of concern over the global economy even in the year of the horse. It does take time for the medicine to work. Both the private and public sectors want a soft landing,” he added.
Mr Kwek also took the opportunity to urge property developers to work together with the government to ensure a sustainable property market.
For his contributions towards building Singapore’s real estate industry, Mr Kwek was awarded with the inaugural Redas Lifetime Achievement Award.
Source: PropertyGuru.com/rn, 7 February 2014