It's the kind of statement that gives you a stronger jolt than the morning dose of caffeine. National Development Minister Khaw Boon Wan says that resale prices can only stabilise in 3 to 5 years, and that happens only when the supply of new Build-To-Order flats are completed. Why so long? Rome wasn't built in a day, but the Marina Bay Sands casino sure went up in a hurry.
Transport Minister Lui Tuck Yew said that Government funded entities have little incentive to keep costs down. The corollary of that has to be Government funded executives have little incentive to reduce completion times. After all, another year in the job is another million in the bank - you were expecting maybe Gerard Ee will recommend more than an 18% cut in their pay? Full story
