It was reported here.Originally Posted by chestnut
http://forum.channelnewsasia.com/sho...t-a-little-bit.
Responding to a question on housing prices, Deputy Prime Minister Tharman Shanmugaratnam (picture) acknowledged that "we are not in a very happy part of the cycle ... because prices have risen faster than income in the last four years".
But Mr Tharman reiterated that, compared to other countries, Singapore has done more to intervene in the market. Apart from cooling measures, the Government is also ramping up the supply of Build-to-Order flats. "It takes a bit of time ... My advice to you is, wait a little bit," Mr Tharman told the undergraduates.