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Mah Bow Tan was caught off-guard like everyone when housing prices rose

With regards to the rising housing prices in Singapore, National Development Minister Mah Bow Tan late last year admitted he himself was caught off-guard.

Nobody, no matter how prescient, no matter how clever, would have been able to predict that this is what is going to happen this year. All of us were caught off-guard... I did not expect the prices to go up. But the point is, are we able to respond to this change. And the answer is yes.
Housing prices set to rise, but govt committed to affordable homes [via]

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