You are here

Tharman: Home prices correction not there yet (Amended)

"If we do not get a meaningful reversal after each upswing, property prices will run ahead of the growth of household incomes over the long term, which we should avoid." - DPM Tharman Shanmugaratnam


PROPERTY prices in Singapore have not seen a "meaningful correction" yet, said Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam on Tuesday.

"We have seen some correction in both private property prices and HDB resale prices over the last 4-5 quarters, but