Property curbs needed to stabilise market

I agree with Mr Tan Boon Huat that the Government should not pander to the loud calls of property developers to relax cooling measures ("Dismay over call to ease property curbs"; Feb 20).

First, property prices have fallen, but they have not crashed. The Government has given the assurance that the property curbs are meant to stabilise the market and that it would not let the market crash.

Second, if we pander to the demands of property developers and ease cooling measures, customers who buy with the intention to let out their properties would further dampen the weak rental market. Already, rental income has fallen more than property prices have, and it is increasingly harder to secure a tenant.

Gan Kok Tiong