Interests of property consultants, public are different

I fully support the Government's recent cooling measures for the private property market (Higher stamp duties, tighter loan limits for home purchases; July 6).

Unlike the previous cooling measures, which were responses to an overheating property market, the current measures come as a preventive approach and will provide the following benefits: •Prevention against a possible bubble burst

•Further prevention against foreigners speculating in our property market, where land is extremely precious

•Regulate private property price

•Keep prices affordable for the future generations

I have also noticed that the media tends to seeks comments from property consultants whenever there is news on private property matters.

Property developers and the general public have different interests. While property developers are driving for profit maximisation, the general public's interest lies in affordability and value for money.

In reality, property developers are important clients and paymasters of property consultants.

Therefore, these property consultants hardly seem to offer advice that is beneficial to the general public or individual buyers.

Wilfred Kevin Lee Khong Wai

A version of this article appeared in the print edition of The Straits Times on July 11, 2018, with the headline 'Interests of property consultants, public are different'. Print Edition | Subscribe