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- Jul 30, 2011
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]Published January 15, 2013
YESTERDAY IN PARLIAMENT
Khaw lauds EC scheme but will stay vigilant to prevent abuses
He says the scheme is 'wonderful' and relevant
By ong chor hao
THE executive condominium (EC) scheme is a "wonderful" one and should continue, as the government addresses prior abuses, Minister for National Development Khaw Boon Wan said yesterday.
Responding to queries from Members of Parliament (MPs), he said ECs are relevant, protecting middle-income Singaporeans from competition and ensuring them a market- friendly way to buy condominiums at affordable prices.
"And if I may give an analogy, it's like offering you a Lexus at a Corolla price," he told Parliament.
"But only Singaporeans have this privilege of doing so and they know that in due course the price will go up to Lexus and above Lexus levels."
http://www.businesstimes.com.sg/premium/singapore/khaw-lauds-ec-scheme-will-stay-vigilant-prevent-abuses-20130115
He forgot to mentioned we still need to pay the COE.
YESTERDAY IN PARLIAMENT
Khaw lauds EC scheme but will stay vigilant to prevent abuses
He says the scheme is 'wonderful' and relevant
By ong chor hao
THE executive condominium (EC) scheme is a "wonderful" one and should continue, as the government addresses prior abuses, Minister for National Development Khaw Boon Wan said yesterday.
Responding to queries from Members of Parliament (MPs), he said ECs are relevant, protecting middle-income Singaporeans from competition and ensuring them a market- friendly way to buy condominiums at affordable prices.
"And if I may give an analogy, it's like offering you a Lexus at a Corolla price," he told Parliament.
"But only Singaporeans have this privilege of doing so and they know that in due course the price will go up to Lexus and above Lexus levels."
http://www.businesstimes.com.sg/premium/singapore/khaw-lauds-ec-scheme-will-stay-vigilant-prevent-abuses-20130115
He forgot to mentioned we still need to pay the COE.
