Review curbs at fixed intervals

Recent requests for the removal of some property cooling measures have prompted the Government to state that the measures will stay for now ("Too soon to ease property curbs, says Khaw"; Aug 5).

The problem is that we do not have a fixed review date for these measures.

I suggest that a committee comprising all stakeholders review the measures at fixed periods each year - say, every first week of each quarter. This is similar to how the United States Federal Reserve reviews interest rates.

Such fixed reviews will provide some certainty to the market, so stakeholders need not keep requesting a review of the cooling measures.

Jason See Kum Weng

This article was first published on Aug 18, 2014.
Get a copy of The Straits Times or go to straitstimes.com for more stories.