Trouble ahead in the property market?

[mr funny]

Jan 27, 2007

INSIGHT

Trouble ahead in the property market?

By Lydia Lim, SENIOR POLITICAL CORRESPONDENT


THE property market is starting to give off that scent of money once again.

With prices shooting up at the luxury end of the market, talk that a small number of people have made paper gains worth millions of dollars is now making the rounds.

Is speculative activity building up?

Is another round of asset inflation on the cards?

Will genuine buyers and would-be Housing Board upgraders see their dream homes priced out of their reach?

These concerns are to be expected, given that most people still recall vividly the property bubble of the mid-1990s and the crash that followed.

Senior Parliamentary Secretary Amy Khor says some people have asked her where the property market is headed this time.

One aspect of the current boom that bears watching is the trend of diverging prices in the private and HDB markets.

Private home prices rose 10.2 per cent last year - the fastest rate of increase since 1999. But HDB resale prices inched up by just 1.9 per cent.

If the price gap between HDB and mass-market condominiums widens, this will affect young couples' ability to upgrade to private properties.

In Singapore, property is perennially a political issue, tied up as it is with people's aspirations for the good life.

Insight reports on the latest in the property market and whether the Government should step in or stay out.

[Kelonguni]

From a long time ago, 11 years ago in 2007.

Major learning opportunity here.

Jan 27, 2007

INSIGHT

Trouble ahead in the property market?

By Lydia Lim, SENIOR POLITICAL CORRESPONDENT


THE property market is starting to give off that scent of money once again.

With prices shooting up at the luxury end of the market, talk that a small number of people have made paper gains worth millions of dollars is now making the rounds.

Is speculative activity building up?

Is another round of asset inflation on the cards?

Will genuine buyers and would-be Housing Board upgraders see their dream homes priced out of their reach?

These concerns are to be expected, given that most people still recall vividly the property bubble of the mid-1990s and the crash that followed.

Senior Parliamentary Secretary Amy Khor says some people have asked her where the property market is headed this time.

One aspect of the current boom that bears watching is the trend of diverging prices in the private and HDB markets.

Private home prices rose 10.2 per cent last year - the fastest rate of increase since 1999. But HDB resale prices inched up by just 1.9 per cent.

If the price gap between HDB and mass-market condominiums widens, this will affect young couples' ability to upgrade to private properties.

In Singapore, property is perennially a political issue, tied up as it is with people's aspirations for the good life.

Insight reports on the latest in the property market and whether the Government should step in or stay out.

[Arcachon]

From a long time ago, 11 years ago in 2007.

Major learning opportunity here.

Sorry, correction Jun 2006 onward.

Bought my for $535,000 cheaper than my 5 room HDB value in 2014.

Time wait for No Man.

[Kelonguni]

The article is from 2007 mah when properties have just started to rise and people were complaining of rising prices.

In 2006, it was in the doldrums. Nobody was thinking to buy despite huge stocks and low low prices. I just started work and income was a third of today.

Sorry, correction Jun 2006 onward.

Bought my for $535,000 cheaper than my 5 room HDB value in 2014.

Time wait for No Man.

[azeoprop]

During those times unit sizes:
2 bedroom was 900 to 1200sqft
3 bedroom was 1200 to 1500sqft
4 bedroom was over 1500sqft

Nowadays all shrunk and HDB 4 and 5 room flats seems more spacious ha ha.

[teddybear]

Now HDB flats also shrunk badly!
4 room HDB flat only 900+ sqft,
5 room HDB flat only 1100 or less sqft.

During those times unit sizes:
2 bedroom was 900 to 1200sqft
3 bedroom was 1200 to 1500sqft
4 bedroom was over 1500sqft

Nowadays all shrunk and HDB 4 and 5 room flats seems more spacious ha ha.

[Arcachon]

During those times unit sizes:
2 bedroom was 900 to 1200sqft
3 bedroom was 1200 to 1500sqft
4 bedroom was over 1500sqft

Nowadays all shrunk and HDB 4 and 5 room flats seems more spacious ha ha.

HDB did not shrunk, 4 and 5 room HDB are the normal size now, old days they have NG, I, A and Jumbo.

[Arcachon]

During those times unit sizes:
2 bedroom was 900 to 1200sqft
3 bedroom was 1200 to 1500sqft
4 bedroom was over 1500sqft

Nowadays all shrunk and HDB 4 and 5 room flats seems more spacious ha ha.

HDB did not shrunk, 4 and 5 room HDB are the normal size now, old days they have NG, I, A and Jumbo.

Mine is 5 room I model 126 sqm bought at $225,600 + 10%, my first HDB is 4 room A model 110 sqm bought at $81,300 sold $285,000 profit $180,000.

[otansg]

HDB did not shrunk, 4 and 5 room HDB are the normal size now, old days they have NG, I, A and Jumbo.

Mine is 5 room I model 126 sqm bought at $225,600 + 10%, my first HDB is 4 room A model 110 sqm bought at $81,300 sold $285,000 profit $180,000.

Are you reading properly? What " HDB did not shrunk"!!
HDB 5 Room I built in the 90s was from 121 to 128sqm. Now all HDB 5 Room averages 110 sqm.

[teddybear]

Indeed!
Last time I heard is that the 5room HDB flats built 10 years ago in Sengkang is only 1100 sqft , even smaller than the older 4A HDB flat!
Not sure what is the size of 5room HDB flats and 4room HDB flats now that they are building in new estates like Bidadari?

Are you reading properly? What " HDB did not shrunk"!!
HDB 5 Room I built in the 90s was from 121 to 128sqm. Now all HDB 5 Room averages 110 sqm.

[stl67]

Confirm shrunk lar.
Even EA in Punggol onli 128 sqm nia. Used to be min 140sqm

[Kelonguni]

Are you reading properly? What " HDB did not shrunk"!!
HDB 5 Room I built in the 90s was from 121 to 128sqm. Now all HDB 5 Room averages 110 sqm.

What do you mean by HDBs you built?

[otansg]

What do you mean by HDBs you built?

I = improve model. I thought you property expert.

[Kelonguni]

I = improve model. I thought you property expert.

Hahaha ok.

I thought you built HDB.

Just 5I model will do.

Sorry for misunderstanding.

[thomastansb]

The 2008 crash has nothing to do with widening HDB price. Neither has it got to do with speculative activities or political issue.

The problem is US banks are failing. That is the sole reason why prices dropped, period. There is no correlation at all. Just one of many articles that talked about property prices.

Jan 27, 2007

INSIGHT

Trouble ahead in the property market?

By Lydia Lim, SENIOR POLITICAL CORRESPONDENT


THE property market is starting to give off that scent of money once again.

With prices shooting up at the luxury end of the market, talk that a small number of people have made paper gains worth millions of dollars is now making the rounds.

Is speculative activity building up?

Is another round of asset inflation on the cards?

Will genuine buyers and would-be Housing Board upgraders see their dream homes priced out of their reach?

These concerns are to be expected, given that most people still recall vividly the property bubble of the mid-1990s and the crash that followed.

Senior Parliamentary Secretary Amy Khor says some people have asked her where the property market is headed this time.

One aspect of the current boom that bears watching is the trend of diverging prices in the private and HDB markets.

Private home prices rose 10.2 per cent last year - the fastest rate of increase since 1999. But HDB resale prices inched up by just 1.9 per cent.

If the price gap between HDB and mass-market condominiums widens, this will affect young couples' ability to upgrade to private properties.

In Singapore, property is perennially a political issue, tied up as it is with people's aspirations for the good life.

Insight reports on the latest in the property market and whether the Government should step in or stay out.

[Arcachon]

http://www.teoalida.com/singapore/hdbfloorplans/