Quote:
Originally Posted by Unregistered
On Dec 14, 2009, Minister Mentor Lee said "Singaporeans can expect the prices of HDB flats to keep on rising as long as the economy continues to grow." The HDB Resale Price Index was 150.8.
On March 20, 2011, Minister Mentor Lee told Tanjong Pagar residents "'85% of Singaporeans are living in HDB flats and we intend to keep the values of these homes up. It will never go down." The HDB Resale Price Index was 174.8.
On Nov 7, 2011, Minister Mentor Lee told Holland Drive resident Mr. Lim Tow Nam "Don't sell your HDB flat. The price will go up". The HDB Resale Price Index stands at 187.2.
Young people would have been better off listening to Minister Mentor's hard truths rather than advice on hard landing. |
You are just one of the many stupid naive idiots here who dance to the tunes of whatever the
PAP says....remember.....the
PAP government played a large role in driving up the property prices to the ridiculous levels we are seeing today....with their stupid asset enhancement policies starting in the 1990s....making everyone asset rich but cash poor....they have realised long ago that this policy is not sustainable but is too far down the road of no return....what they can only do now is to say things which would prop up property prices as frequently as possible in public.....a drop in property prices which would trigger margin calls by banks on the huge loans taken up by sillyporeans is unthinkable.....but for how long???
Maybe on the day that happens they would have to use the reserves to bail out the banks facing sillyporeans who can no longer service their humongous debts....the alternative is for this place to sink.....