Reuters, 14 May 2012
May 14 (Reuters) - Singapore's housing minister said on Monday the government continues to have concerns about the residential property market, in particular small-sized "shoebox" apartments, and will not hesitate to take more action if needed.
"The market is a lot cooler than it was say one year ago, although there are little pockets of hot activities particularly in the mass market with the emergence of shoebox units," Minister for National Development Khaw Boon Wan told Parliament. Full story