aangsc, I not know it is correct to say it is MOM who create so many FT issue, or is it EDB who need to meet GDP KPI who create it. Or is it multi agency?
Multi agency. The target was 7.2 million set more than half a decade ago.
One of the indicators; look at the current tax concessions, it is encouraging individuals to divert funds to invest in properties thru the REIT both local and overseas.
Add one and one together and you get the picture
Property prices going up and up, the Ma was caught off guard? Pegged HDB to resales flats which is corelated to private property prices.
The growing bubble imo is not incidental "caught off guard".