Pressing all the right buttons
Mah Bow Tan was very impressive in Parliament yesterday. He was pressing all the right buttons and saying all the right things. I like the word prudence, the need for prudence in buying properties. I like to hear him going after those overseas properties, though I don't agree with him. I like what he said about more calibrated measures to control property prices. Though prices will not fall, they will not go up as much as 5% per quarter, only 3%, giving an annual increase of 12%. Not bad for property appreciation. Still got chance to hit $1m for HDB flats. The Ministry of National Development is doing a great job in managing the housing problem. Soon there will be no housing problems to talk about. Or maybe someone will say you cannot expect to have zero problems. But just don't create more problems to be solved by brilliant remedies.