Stop me if I sound like a broken record but uh…where? Mr. Khaw pointed to figures released by the Urban Redevelopment Authority (URA) showing a 0.1% slip in housing prices in Q1 as a sign of prices easing but he must be the only who thinks that. I mean how is a miserable 0.1% a sign of easing? Not only is it only 0.1%, but this “slip” is just the first time the figures went down since Q2 of 2009. Yes, hosing prices have been going straight up for 3 years and a 0.1% is a sign of easing? Hell, that 0.1% doesn’t even cover the 0.2% rise seen in the previous quarter!
Come on! If the Singapore government wants to showcase that their “cooling measures” are working, they need to do something a lot better than a 0.1% “slip”. I mean if a 0.1% is the best you can come up with, that just show how desperate you are.