Results 1 to 6 of 6

Thread: HDB resale prices to rise

  1. #1
    mr funny is offline Any complaints please PM me
    Join Date
    May 2006
    Posts
    8,129

    Default HDB resale prices to rise

    http://www.straitstimes.com/Breaking...ry_424538.html

    Sep 2, 2009

    HDB resale prices to rise

    By Joyce Teo


    HDB resale flat prices - already at record high levels - are likely to continue rising this year, said National Development Minister Mah Bow Tan on Wednesday.

    'The flat prices would probably go up ... by 1 per cent, 2 per cent,' said Mr Mah. 'It will just keep on going up if the economy recovers as people expect, and if confidence returns but affordability will always be there.'

    HDB resale prices rose 1.4 per cent in the second quarter to a record high.

    Resale flat prices go up in tandem with a very strong market, Mr Mah told reporters at the launch of the final skybridge at The [email protected] on Wednesday.

    'We subsidised you when you buy and we increased the value of your flat when you live in it and... facilitate you to monetise it when you grow old. This is the best form of investment and welfare for the people,' said the minister.

    Standing at 50 storeys, The [email protected] is Singapore's tallest public housing development.

    It sits on the site of the area's first two HDB blocks, which were built 50 years ago. It was the first project in which an international architectural competition was called to get the best design ideas.

  2. #2
    Join Date
    Aug 2009
    Posts
    2,988

    Default

    what is this ? Minister coming out to ensure the resale price of HDB will stay high ? Like that more reason for mass market condo price to go up, since the support is there, gov won't crash HDB resale price.
    ..hmmmm.... strange statement... dun know how to read this

  3. #3
    Join Date
    Jul 2009
    Posts
    1,549

    Default

    Quote Originally Posted by amk
    what is this ? Minister coming out to ensure the resale price of HDB will stay high ? Like that more reason for mass market condo price to go up, since the support is there, gov won't crash HDB resale price.
    ..hmmmm.... strange statement... dun know how to read this
    Election coming lor.
    BE CENTRED BY ALL AT THE FRINGE OF THE CITY @

  4. #4
    Join Date
    Apr 2009
    Posts
    923

    Default

    yes... election is coming...

    So expect more goodies news.. HDB and Condo at a high, OPC goodies... IR coming up, government assistance etc...

  5. #5
    Join Date
    Nov 2008
    Posts
    1,141

    Default

    buy hdb. you never lose money

  6. #6
    Join Date
    Jun 2007
    Posts
    58

    Default

    We are in for an unprecedented property bull run that will lead the property index to surpass 1997 peak. Reasons:-

    - recovery of the economy
    - opening of IRs
    - business hubs (education, financial, biotech, solar, medical etc.)
    - inflationary environment
    - immigrant growth


Similar Threads

  1. HDB resale prices rise 1.4%: flash data
    By New Reporter in forum HDB, EC, commercial and industrial property discussion
    Replies: 0
    -: 01-10-20, 18:26
  2. HDB resale prices dip 0.6% but sales rise
    By reporter2 in forum HDB, EC, commercial and industrial property discussion
    Replies: 1
    -: 09-03-18, 14:38
  3. Resale suburban condo prices rise
    By reporter2 in forum Singapore Private Condominium Property Discussion and News
    Replies: 0
    -: 15-03-13, 16:25
  4. Non-landed resale prices on the rise in Jan
    By reporter2 in forum Singapore Private Condominium Property Discussion and News
    Replies: 6
    -: 06-03-13, 09:36
  5. HDB resale flat prices continue to rise
    By sleek in forum Singapore Private Condominium Property Discussion and News
    Replies: 0
    -: 23-10-10, 01:50

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •