HDB and private property prices up in Q1 flash estimates

[jlrx]

I think so. I believe this will be very good for this forum. I just tried to reply but was directed to log in first otherwise cannot post.

Hopefully this will lead to more responsible & less vulgar words.

3 Cheers to the moderators of this forum for taking this step.

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.

[Teana]

A new beginning for CONDOsingapore.com.

[James Tan]

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.

Yes, three more cheers to CONDOsingapore; the website now is more hygienic without those swear words.

HDB has obviously learnt a lesson with their surplus of some 17,000 flats during the last property downturn.

Perhaps the private housing developers should also consider a similar BTO programme to help stabilise housing prices, otherwise real estate becomes another casino, certainly not good for the genuine home owners, particularly retirees who cannot afford the wide and wild swing.

Heard that a group of investors is looking into such a BTO project. Anyone has any information? Thanks