18 Jul '11, 9am

$100k-plus cash premiums offered for Tampines flat | Fit to Post Property - Yahoo! News via @yahoosg

When you allow free market to reign on a public commodity that are owned by a critical mass, this is the consequence - the poorer class will suffer under hands of the wealthy. There is nothing to stop a buyer if he is willing (however ludicrous) to pay the 318K COV for the value of 918k, The flaws are in the policies and its makers if they are resisting to make core refinements to the policies. Increasing the BTO flats will not bring down the resale price because a higher percentage of buyers have to turn to the secondary market options due to their ineligibility to buy direct from HDB or their inability to wait for those few years.This group have to compete on price war with the PRs to boot. All these are adding to the hot, sizzling and bubbling resale prices. It is the resale market that the govenment need to intervene immediately failing which we reach the HongKong situ...

Full article: http://sg.news.yahoo.com/blogs/property-blog/100k-plus-ca...

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sg.news.yahoo.com 23 Jul '11, 3am

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