Sunday, June 17, 2007

Housing Boom?

The Straits Times reported for 2 days in a row (Friday, Saturday) of homes being sold at record high prices. And the Sunday Times has continued followed up by having an interview with the National Development Minster, Mah Bow Tan.

Among the facts available, the bit that got me was that this year is the largest number of development sites released by the government since 1997. Since 1998 was the year the economy bursted, so does this mean that the same may happen again?

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