No more property cooling measures for now: DPM Tharman

No more property cooling measures for now: DPM Tharman

SINGAPORE - Property prices remain high but they are moving in the right direction, said Deputy Prime Minister Tharman Shanmugaratnam, and the Government has no plans for another round of cooling measures for now.

The Government is determined to lower the prices of homes relative to incomes, he said, but does not want to cause a crash in the short term.

"We're not planning another round of measures, but it depends on market conditions," said Mr Tharman, who is also Finance Minister.

"We're determined to achieve our objective of having prices come down relative to incomes. And that can be achieved both through income growth as well as some stabilisation or even cooling of prices."

Mr Tharman was replying to a question on how the Government can manage inflation in a wide-ranging video interview with The Straits Times.

The question had picked up the third most number of votes from readers in an online poll on Singapolitics carried out over seven days.

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