If the PM brings back Mah, the minister who made sure HDB prices rose in a recession*, this Forum writer should be very, very happy about. HDB prices not falling. But to be fair to this
idiot KS S’porean, P Ravi has empathy for the sentiments expressed.Still that doesn’t excuse his sense of entitlement.
Can Govt ensure HDB flats keep their value over time?
There have been recent reports on the falling prices of Housing Board resale flats (“First HDB resale price dip since 2005″, Jan 25; and “Resale flat prices not yet at ‘steady state’”; last Sunday)
The number of resale transactions has fallen considerably and we are seeing some negative cash-over-valuation deals.
Despite this, National Development Minister Khaw Boon Wan says a “steady state” has yet to be reached and that home buyers should welcome the softening prices of HDB resale flats.
A few years ago, I took part in several flat balloting exercises as a first-time buyer. I was not successful and had to pay a steep price for a resale flat.
Then National Development Minister Mah Bow Tan had said flat owners would benefit from rising prices because their homes would become more valuable.
There is certainly a need to ensure flat buyers are not disadvantaged by overly high prices.
But it is equally imperative that due consideration be given to flat owners, so they will not suffer a loss in the value of their homes over time. Are there measures to ensure this will not happen?
Chan Kwang Ping
P Ravi on Facebook commenting on the above, “People cannot be faulted for buying a flat even when the price is high and it is the sellers’ market, because whatever the market condition, people still need a house to live in. When people’s retirement fund are stuck in the house they own, such sentiments are understandable.”
What do you think?
And do you think he he will vote for WP? Maybe as WP has promised that it will only be PAP’s co-driver, a co-driver that will let PAP do as its like (OK! OK! WP says will slap PAP if it makes mistakes. But it only gets worked up when NEA, PA and PAP make trouble for WP: not when PAP makes trouble for S’poreans.). Will he vote RP or NSP? Err I don’t think he that stupid.
Will he vote SDP? I hope so (even if I think that its policy of crawling to the Indons doesn’t work), but doubt it as SDP wants to cut the link between investment for retirement and public housing. A laudable, rational aim, but a tough sell when so many S’poreans are taking 25 yrs to pay off 99-yr HDB leases (About 87% of S’poreans live in HDB flata). Besides these leases have been a gd investment on paper (but useless as security), so far. Hmm maybe SDP should stress these flaws.
Khaw should say, “Vote PAP leh”.