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Tuesday, 25 May 2010

Learning From HK How To Regulate Real-Estate Agents

After the seemingly "face-off" with President of REDAS as reported in the Straits Times (March 27, 2010), the National Development Minister Mah Bow Tan was reported (Mypaper March 30,2010) to have left for HK from March 30 ~ April 1st, to learn how HK regulates its real-estate agents in order to improve such regulations here.

It was reported that he would meet senior officials from the Transport and Housing Bureau, the Hong Kong Housing Authority, and the Estate Agents Authority.

It would be interesting to see how he could "cut-and-paste" some of these regulations from HK for implementation here in Singapore to help deter speculation, and make HDB housing more affordable for Singaporeans. Or would he be making it more expensive so that one day Singaporeans could milk their "cash-cow" in future under Mr Mah's proud asset enhancement strategy?

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