http://forums.hardwarezone.com.sg/sh....php?t=3125817
http://www.youtube.com/watch?v=1gRok...layer_embedded
Fears of a property bubble forming saw the government introducing measures such as removing easy financing schemes to cool the private homes sector.
Although housing prices are set to rise next year, Mr Mah said the government is closely monitoring the situation and will take action, if necessary. For example, Mr Mah said more land will be released to developers if needed.
"In other words, I sell you a flat at fixed price, when you sell the flat, you have to sell it back to me also at a fixed price. In other words, you are not allowed to profit from the flat. There you can keep flat prices fixed."
Source: CNA 29 December 2009