SINGAPORE: National Development Minister Khaw Boon Wan said recent sales numbers do not suggest a speculative element in Housing and Development Board (HDB) shops, and it will not be tenable for HDB to impose new restrictions like stricter citizenship eligibility.
In a written parliamentary reply to MP Ong Teng Koon, Mr Khaw said Singaporeans and Singaporean—owned companies own about 95 per cent of the sold shops, and the remaining five per cent are owned by permanent residents, foreigners and foreign—owned companies. Full story
