Property Market is red-hot

Please go buy more to increase the price... govt need u to overload the price...
 
8c3454-Bedok-3room-Table1.JPG
3BR HDB hits $740K
https://www.edgeprop.sg/property-news/record-high-740888-achieved-three-room-flats-bedok
 
SG is really Switzerland of the East with good safe haven asset created at God Speed de woh
 
worcer said:
Please go buy more to increase the price... govt need u to overload the price...
Click to expand...
Growing the population in S'pore benefits the PAP, but puts pressure on housing and land prices which inflates the value of SG's land reserves. The govt’s financial reserves are estimated to be around $3 trillion, but the land it owns is worth several times that amount. The value of this land increases every time a new HDB record is set. The govt uses the excuse of rising property prices to divert more money from the national budget into housing subsidies, which then flow back into the reserves when land is sold to HDB and private developers. This is done without having to spend money on things that would genuinely improve the lives of S'poreans.
 

What’s behind Singapore’s world-high property transaction costs?​

https://www.ft.com/content/bb712435-4f38-476f-bee5-21b3ac0bba1a

Average prices have surged more than 150 per cent over the past 20 years and the government is wary of exacerbating cost of living concerns that were the top issue among voters at this year’s general election. Until two years ago, foreign buyers mainly came from either China, Indonesia, Malaysia or India, Lim said. But since the 60 per cent rate came in, many are holding off while applying to become permanent residents — when they would be charged 5 per cent ABSD on their first property
 
Chase said:

What’s behind Singapore’s world-high property transaction costs?​

https://www.ft.com/content/bb712435-4f38-476f-bee5-21b3ac0bba1a

Average prices have surged more than 150 per cent over the past 20 years and the government is wary of exacerbating cost of living concerns that were the top issue among voters at this year’s general election. Until two years ago, foreign buyers mainly came from either China, Indonesia, Malaysia or India, Lim said. But since the 60 per cent rate came in, many are holding off while applying to become permanent residents — when they would be charged 5 per cent ABSD on their first property
Click to expand...
Uplift many many new citizens to millionaire status mah…Leemember SG has 330k millionaires de woh
 
Hypocrite-The said:
With all these million dollar hdb flats, there should be more ppl with 1 million bucks net worth. N 1 old condo already is 1 million usd...n how many singkies own 1 confo or 1 hdb flat ?
Click to expand...
In S'pore, a millionaire is defined as a person with a net worth of at least US$1 million (S$1.36 million). However, a more accurate definition should be a person with S$1.36 million in cash in the bank. A HDB pigeon hole with an asking price of that amount means nothing if there are no foolish buyers for that flat.
 
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