The simple way to get HDB prices to fall is increase the MOP for rental to 20 years, many HDB owners buy Condo and rent out their HDB at the same time, even if they want to sell, they will still ask sky high prices and transact only when they get the asking price. How is the price of HDB going to go down?
I have an immediate neighbour who comes home at night to sleep, rented the entire flat, even partition the hall into a room, to PRC's. Daytime live in the in-laws Bungalow house with the children, who is doing the checking? on rental etc., property taxes & other benefits?
You sell the flat, you have to check the race ratio...in the past one is force to sell to the MINORITY races because of the ratio thing, at times at a very much lower prices!!
Now, the entire block is a United Nation, you meet Mynamese, Kapmucheans, Vietnamese, Filipinos, Indians & of course our brethen from the People's Republic of China, in the lifts.
They might as well, remove the race ratio thing..what at joke!...the joke is on us....nobody is laughing!:p