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Old 05-06-2013, 03:22 PM
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The gahmen said every year got 15,000 new families formed, and they building 25,000 new flats to meet the demand for now. In steady state, the gahmen would probably build less than 15,000 flats per year. This could be because HDB people selling their flats to upgrade to private property so freeing up their flats for the new families.

The gahmen worry private sector may lead to glut. Since they know already, they can start to slow down land sales. But I think they also dont want the money to flow out to Iskandar and other places.

Question is will S'pore follow Japan or HK? Japan property during its peak, the loan can stretch for two generations. Now depressed property prices still not moving up. In HK, prices are already higher than S'pore and yet still going up. Same thing happening in China even after many control measures.

Also, other places got earthquakes, flooding and riots and what not, S'pore (touch wood) peaceful so far.

How? To invest or not?

Quote:
Originally Posted by Unregistered View Post
Oi, can stop using red ink or not. Very rude and hard to read.

What you want the gahmen to do? Stop all land sales immediately? You know what will happen right?

Building cost, raw materials, land cost are not cheap, in fact they are always going up. How can developers sell low?

Already 7 rounds of CM, speculators are weeded out, who then are making all the purchases?

It was also reported that many S'poreans are buying properties overseas (UK, M'sia, Aust, etc). How come? Where the money come from?

Can someone get to the bottom of this? Any hard data?
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