atans1

Double confirm, ground not sweet for PAP

In Political governance, Property on 28/01/2019 at 9:34 am

HDB resale prices go down, while private property prices go up.

Confirming flash estimates issued earlier this month*, the URA’s statistics showed that private home prices here soared 7.9 per cent last year as compared with an 1.1 per cent increase in 2017.

However, resale prices of HDB flats continued to dip, falling by 0.9 per cent last year, which was slightly lower than the 1.5 per cent decrease from 2017.

WHY THIS HAPPENED

Property experts pointed out that the disparity in price trends for HDB resale flats and private homes last year was an anomaly as prices for both tend to rise and fall in tandem.

They attributed this to collective sales fever heating up in late 2016 after the Government reduced supply in its biannual sales programme and land-hungry developers turned to en bloc projects to meet land demand.

Ms Christine Sun, head of research and consultancy at real estate firm OrangeTee & Tie, said that while en bloc fever typically triggers an upturn in the property market as a whole, the HDB market was not impacted “very much” last year largely due to increased awareness of the depreciating value of ageing HDB flats.

https://www.todayonline.com/singapore/hdb-resale-numbers-highest-2012-while-sales-private-homes-dive

So how to get strong mandate for 4G leaders (Why PAP aiming for 65% of the popular vote)? Tell you tom.

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*Will resale flat owners still vote for PAP in next GE? contd

 

 

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  1. Just need to promise big lease buyback amounts for old flats lorr. And allow more of the compensation to be withdrawable in cash apart from putting into CPF Life.

    This would mean loosening the connection between LBS valuation and the ever-dropping actual market transactions. Maybe use the relatively fixed Bala’s Table for compensation purpose.

    In this way can eat your brick walls while still staying within them! LOL! They’ll be updating the current example to show bigger payouts haha!

    https://www.hdb.gov.sg/cs/infoweb/residential/living-in-an-hdb-flat/for-our-seniors/how-it-works

    Moreover, once the ratio of 60-and-above crosses the critical 33% of population, you can bet foreigner floodgates to be thrown open. Demand for residential including HDB will be like back in 2007-2011.

  2. […] guess Cynical Investor (CI) may be right when he says “Double confirm, ground not sweet for PAP” and that there may be some truth to the rumours online that the General Elections may not be […]

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