Khaw Boon Wan lectures Singaporeans to be realistic and prudent when buying homes

Malaysia Chronicle, 6 Aug 2012
MND Minister Khaw advises S’poreans to buy houses within their means
SINGAPORE: National Development Minister Khaw Boon Wan said given the financial climate, Singaporeans need to be prudent.
In buying houses, for an example, he said Singaporeans should buy within their means.
"There’re now some gimmicks coming along, some banks offering 50 years’ (loan) so please don’t fall for that. It doesn’t make sense. Full story

Related:
Khaw Boon Wan defends NParks' $52.7k Brompton bike purchase - Channel News Asia