SINGAPORE--The Singapore government plans to build at least 20,000 new public-housing apartments in 2013 as part of plans to stabilize the city-state's heated property market, a government minister said Monday.
"Our move to ramp up supply to stabilize the housing market...is making steady progress," Minister for National Development Khaw Boon Wan wrote on his official weblog in comments about Singapore's public-housing market.
"While [that] plan is still being finalized, I have told HDB to build at least 20,000 new flats next year," Mr. Khaw said. "I expect this sustained supply to firmly stabilize the housing market." Full story
