Originally Posted by
jlrx
But the forum ended up becoming very quiet. No more squabbling.
Then let me get the ball rolling ...
Erm ... since this topic is about "HDB and private property prices up in Q1 flash estimates".
I feel that the HDB and mass market prices will continue to be very strong. Not so sure about the high-end condo, which may soften.
HDB and mass market are supported by the Government (HDB). Nowdays HDB flats are only Built-To-Order (BTO), which means that there will not be anymore oversupply. In fact, demand will always exceed supply otherwise the HDB will not even start building.
Hence I believe HDB prices will continue to rise, and that will push up the mass market condos, because some people will feel that rather than waiting for 3 years or buying a resale flat, they may as well buy a mass market condo.
Furthermore, a lot of people in this income bracket are quite safe from sub-prime, e.g. school teachers, policemen, civil servants.
I think the developers should also follow the HDB's footsteps and implement Built-To-Order (BTO). Only when there is an adequate number of applicants applying for a particular condo, then the developer will start building.
This will ensure that there is no oversupply situation.