Real estate ITM aims to improve efficiencies, not replace jobs, says Chuan-Jin

Singapore

SPEAKER of Parliament Tan Chuan-Jin on Thursday said that the objective of the government's Real Estate Industry Transformation Map (ITM) is to improve the efficiency of property transactions, not replace jobs.

Acknowledging that agents may think the government "heartless" in its moves to switch up the industry, he said at a panel discussion at the 2018 ERA Asia-Pacific Business Conference: "We don't set out to take away jobs; that's not the objective."