On Margin Call for Property

There's no margin call on properties in Singapore. This is a ponzi scheme, sort of, where everyone supports each other.

Originally Posted by Unregistered

There's no margin call on properties in Singapore. This is a ponzi scheme, sort of, where everyone supports each other.

Who's at the top of the ponzi scheme?

I still dont see the HDB prices coming off. in fact my area hitting new highs everytime i go to the resale HDB price website.

There is really a lot of genuine demand due to underbuilding of past 5 years. Like it or not, for the next 2-3 years, with low interest rate (FED and ECB already flatten the interest to very low levels). how to drop?

Beyond that hard to tell as a lot of HDBs and private apartments will be ready by then.

Those waiting to see a 50% drop, i think you got to wait a bit longer.. boom and bust i agree, but the cycle could be longer than you tink.

Originally Posted by Unregistered

I still dont see the HDB prices coming off. in fact my area hitting new highs everytime i go to the resale HDB price website.

There is really a lot of genuine demand due to underbuilding of past 5 years. Like it or not, for the next 2-3 years, with low interest rate (FED and ECB already flatten the interest to very low levels). how to drop?

Beyond that hard to tell as a lot of HDBs and private apartments will be ready by then.

Those waiting to see a 50% drop, i think you got to wait a bit longer.. boom and bust i agree, but the cycle could be longer than you tink.

MM Lee has said many times but some stupid people just cannot understand. Note the word "stupid" in his speech.

14 Nov 2010

HDB flat owners should not sell their flats, as they are assets that will appreciate in value year after year, said Minister Mentor Lee Kuan Yew last night.

Addressing some 500 residents at a constituency event in Tanjong Pagar GRC, he said: 'I urge you not to listen to the estate agents and sell it and go and rent a flat because that's a stupid thing to do.

Yes totally stupid. Bring your HDB to your grave, or pass it to your kids to bring to their graves.

All HDB sellers are daft!

Long live your majesty.

Above post is the typical response in other forums to MM Lee's speech by those who cannot accept the "hard truths" from MM Lee that HDB flats are "are assets that will appreciate in value year after year".

These people either start suggesting that the Workers Party should come into power so that the price of HDB flats will crash, or they get hysterical and start cursing the PAP.

It's always the same typical response by the same type of people.