Developers, govt agree to disagree

[VIChris]

Noting that the policy is 'short term' in nature, to address the influx of funds from foreign investors into the property market, Mr Wong said: 'Let the measures take its natural course, and then we'll look at it.'

Note that the "short term" is actually determined by Mr Wong and not by the government.

Fantastic contrast of short term mindset (capitalism) vs long term mindset (socialist). Absolute nonsense from Mr Wong when he mentioned about long term effects of falling wealth. Wealth is relative to current market conditions anyway.

The sharkfin soup at dinner must be difficult to swallow. haha. My respect for Mr Tan Chuan Jin to attend such difficult dinner. It is like dining with a pack of wolves.

Mr Wong's bonus at stake haha.

Then again doesn't mean that when developers bid at low cost they will therefore sell cheaper.

That's why HDB price must come down first.