Investment Summary 3
Update on Residential Market 6
HDB resale prices 7
What drove prices in 06-07 and why is it different this time? 10
Job creation and immigration 10
Hong Kong vs. Singapore 17
Focus on Supply 18
Watch coming supply… 18
Govt Measures to ‘Cool’ Property Market 25
Update on Office 26
Excerpts of Speeches from Ministers 29
Appendix A-1 33