18 Sep '11, 3pm

[TOC] 80% increase in HDB price between sale launches?

We all know new flats are priced at a discount off market valuation. If you go compare the average pricing of new HDB vs resale HDB in the same estate, you will find that the discount ranges from 10-20% depending on the estate. This is based on my own calculations done about 2 years ago. Anyway, what I am driving at is that as market value goes up, the price of HDB goes up in tandem. The so-called “subsidy” is the discount off the highly inflated Singapore property market. Singapore’s population is growing at such a fast rate, but the supply of housing doesn’t seem to be cathing up with it. Our govt assures Singaporeans that prices of HDB will be sustainable. Very nice to hear, but our future generations will potentially pay for the comfort we enjoy today. Greed (thinking that HDB price will go up and up, thus can make money) and selfishness (thinking about yourself today,...

Full article: http://theonlinecitizen.com/2011/09/80-increase-in-hdb-pr...

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