Hi..really enjoyed reading your posts..but I m unfortunately a dense student when it comes to property matters.
I got the understanding n general message government is building in order to cool the market... So they hope to make the condo n hdb prices more affordable by building enough to meet the demands.
Hdb is build to order so sure have demand ...but for condo the situation is more complex.
Or government is passing the risks to the developer since the government get to sell Land make money n when the developer unable to sell all the units they are forced to sell low...making the. Price lower. Hence, killing 2 birds with one stone.
If I have 1mil, buying property might not be advisable given the prices ar e all time high right?