As reported in the Straits Times, 13 April 2013
Mr Khaw lamenated that, judging from the packed showrooms, it has not "sunk in" for Singaporeans that the era of huge capital gains for property gains is at an end, with slower economic and thus wages growth in the years ahead.
While property prices have moderated across the board in the past year, "there is still scope to bring (prices) down to minus (growth rates) for some segments", he said.