atans1

Time to investigate if housing developers screw public by colluding?

In Economy, Property, Public Administration on 29/07/2018 at 10:47 am

“Unsold number of private properties hit 3-year high as prices continue to rise” screamed headline from a department of the constructive nation-building media.

Bit strange that prices go up when there’s plenty of unsold stock. Shumething not right.

Then this caught my attention (emphasis mine)

Ms Christine Li, senior director of research at real-estate services firm Cushman & Wakefield, attributed the three-year high of unsold numbers of private housing units to the likelihood that developers are spacing out their launches, to avoid direct competitions from nearby projects due to the increased supply.

https://www.todayonline.com/singapore/private-home-prices-climbed-34-second-quarter-2018

Time for theĀ Competition and Consumer Commission of Singapore to investigate if there is illegal collusion or other illegal practices among developers that cause housing prices to be higher than if there were no collusion etc. They juz squeezed Grab’s balls,

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