BY JANICE HENG
NATIONAL Development Minister Khaw Boon Wan gave little away on Tuesday when he was quizzed by two Members of Parliament about the lifting of property cooling measures during the scrutiny of his ministry's budget.
In replying to Ms Foo Mee Har and Dr Lily Neo, Mr Khaw was coy. "The property market is in transition and it is a time that calls for vigilance and nimbleness. We will be careful," he said.
He then gave an update on how housing affordability as a whole has improved.
Incomes have grown faster than new Housing Board flat prices. From 2009 to last year, prices of new flats in non-mature estates rose 15 per cent without grants, or just 6 per cent with grants.