${log.root}/lowem.log
Inflation, Investing and Everything


All | Musings | Tech | Java | Biz | Energy | Env

AddThis Feed Button
20060117 Tuesday January 17, 2006

Say goodbye to the days of million-dollar HDB flats

This article belongs to the Singapore property market story arc.

sengkang.com :

Weekend - January 7, 2006
Letter from STEVE K NGO

I refer to the article, "Real estate prices go high-rise". I disagree that climbing property prices are signalling a recovery. In fact, there is no basis to suggest that Singapore's residential property market has promising prospects ... how can property prices increase when there is no shortage, but, in fact, hints of over-supply? There is the negative equity of home-owners and close to 10,000 unsold HDB units. Last year, the Government allowed a drop in down payment for property purchases from 20 per cent to 10 per cent. The change has not shown much impact so far.

We have come to a stage no different than in the United States, where properties are for our own dwelling, not speculation. We can say goodbye to the days when people paid nearly a million dollars for a HDB flat in Bishan. It is important that today's property owners be realistic.

See also :

1. Soros sees chance of recession in 2007
2. "Affordable Housing"
3. The housing bubble has burst

(2006-01-17 00:40:53 SGT) [Biz] Permalink

Comments:

Post a Comment:

Comments are closed for this entry.




Most popular blog postings on lowem.log :

1. 2010 Honda Civic Hybrid preliminary specifications released
2. Singapore SIBOR rate falls to 0.69% in Jan 2009, lowest since Apr 2004
3. How to insert currency exchange rates into Google Spreadsheets
4. Live spot gold price quotes chart on COMEX
5. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option
6. Singapore MRT rail network length to double by 2020
7. Singapore property market : Home prices fall 13.8% in Q1 2009
8. 2010 Honda Insight specifications released : 41 mpg, 1.3L, 98hp, i-VTEC, CVT

Featured articles on lowem.log :

1. ABC Guide to Beating Inflation in Singapore and Elsewhere
2. Baltic Dry Index falls 93% as shipping rates plunge, signalling global economic collapse
3. 2010 Honda Civic Hybrid preliminary specifications released
4. 2010 Honda Insight specifications released : 41 mpg, 1.3L, 98hp, i-VTEC, CVT
5. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option
6. Peakoiler buys 2008 Honda Civic Hybrid FD3
7. NYMEX crude oil recovers from $32.40 low after 2.2 mbpd OPEC production cut announced
8. Singapore SIBOR rate falls to 0.69% in Jan 2009, lowest since Apr 2004





archives
search
sponsored links





bookmarks

about
my profile
contact me

personal
biow
ken
wenn

sites
photo gallery
wiki

blogroll
reviewem
sgenergycrisis
theenergycollective

quotes
live forex
real time gold
real time silver


navigation
decals

Click for Singapore, Singapore Forecast






rss feed for lowem.log

Get Firefox!

powered by
hosted by