Too early to unwind cooling measures: Lawrence Wong

Singapore

TWO Members of Parliament again warned of the need to rein back on cooling measures to prevent further decline in home prices. And unfazed, Minister for National Development Lawrence Wong echoed the same reply.

Alex Yam (Marsiling-Yew Tee) and Chong Kee Hiong (Bishan-Toa Payoh) made these points in the Committee of Supply debate on Monday, following in the footsteps of Christopher De Souza (Holland-Bukit Timah) who had reiterated his call for the removal of the additional buyer's stamp duty (ABSD) for Singaporeans last week.