Property market risks remain, careful approach needed to manage supply and demand: Desmond Lee

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Home ownership for Singaporeans continues to be a focus.

As such, there is a need to maintain a cautious approach to managing demand and supply,, he told CNA on Thursday .

“Having a larger number of to accompany your BTO supply, to accompany your balance flats and open selection flats, and to accompany the available resale market flats, adds to that resilience and allows for dynamic management,” he added. “And that means that home is both a home and an asset, and you want to make sure that you address both needs.”

“And we want to be able to meet those aspirations, and this conversation constantly with Singaporeans about the tradeoffs that we have to manage, in order to meet growing aspirations on this very small island of ours, is a continuous work in progress.

 

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