First Piece of 'Good News' in 2011!

[makapaaa]

Jan 1, 2011

Housing: Prices of HDB resale flats still going up

Overall median prices climbing despite drop in COV premiums

<!-- by line -->By Jessica Cheam, Housing Correspondent
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HDB blocks in Toa Payoh. Analysts say resale flat prices are largely determined by valuations, which are based on past transactions for which caveats have been lodged. The time lag is typically one to two months. -- ST PHOTO: ALPHONSUS CHERN

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PRICES of public housing resale flats are still going up despite the falling cash premiums demanded by sellers.
Fresh data obtained by The Straits Times from three major property agencies showed overall median prices climbing across almost all flat types in November, compared to HDB's latest third quarter statistics.
Read the full story in

 

[besotted]

totally agree. asset enhancement continues to work. we should be so grateful.

 

[Watchman]

: )

 

[Einfield]

A 3 room HDB flat should be sold for $1M

PAP will be very proud to announce to the world that 95% of Singaporeans are Millionaire.

 

[Watchman]

That is right man, we should aim to achieve 100 % millionares .

 

[Ramseth]

A 3 room HDB flat should be sold for $1M

PAP will be very proud to announce to the world that 95% of Singaporeans are Millionaire.

100% of Indonesians are millionnaires.

 

[wahlaneh]

wahlaneh...
new year gift also complain?

 

[123456787654321]

Still very affordable, why complain?

 

[myo539]

Those who live in HDB and Executive flats and drive BMW and LEXUS get utility rebates. Those who live in non-HDB flat and drive a Hyundai do not get rebate.
How come?
No equality?

 

[Equalisation]

Agree.

I live in big landed property but ride bicycle, no rebate !!:oIo:

 

[tonychat]

That is call first piece of sinkie ass screwing news for the new year. Congrats sinkies, year in and out, still the same.

You sinkies deserve all the shit anyway.

 

[Watchman]

Those who live in HDB and Executive flats and drive BMW and LEXUS get utility rebates. Those who live in non-HDB flat and drive a Hyundai do not get rebate.
How come?
No equality?

It's rewarding for those who work hard .

You can too choose to stay in public
housing and own a continental car .

 

[Goh Meng Seng]

As long as there is COV, the price of HDB resale market will go up!

COV means it is sold above valuation. The next valuation will depend on this sale price and thus, the price will go up.

Goh Meng Seng

 

[Thick Face Black Heart]

As long as there is COV, the price of HDB resale market will go up!

COV means it is sold above valuation. The next valuation will depend on this sale price and thus, the price will go up.

Goh Meng Seng

Answer me this:

Is COV a leading indicator or a lagging indicator?

 

[Goh Meng Seng]

Answer me this:

Is COV a leading indicator or a lagging indicator?

It is a leading indicator.

As long as there is COV, the valuation of properties around that place will rise in the next assessment. Smaller COV only means that the rise in valuation prices will slow down but not going down.

The problem of such valuation system is that even if there is only one transaction at that locality for a long period, the valuation will be based on that single transaction prices. It doesn't reflect the tide turning characteristics...i.e. inevitably the prices will be sticky upwards.

Goh Meng Seng

 

[besotted]

Rising HDB prices good for economy. It is asset enhancement.

It also forces younger people to work harder and become more productive

If HDB prices are cheap and people only work five years to clear the mortgage, everyone will relak one corner and the economy will die

 

[besotted]

Why are young people so afraid of hard work?

Why do they all wanna sound like their retarded Hollywood idols?

The country is doomed unless we integrate another million young PRCs

Many people don't realise this huge underlying problem of bad attitude and weak resolve among the young

We are not talking about Downtown East gangsters but the typical educated young Sinkie

 

[GoldenDragon]

It is a leading indicator.

As long as there is COV, the valuation of properties around that place will rise in the next assessment. Smaller COV only means that the rise in valuation prices will slow down but not going down.

The problem of such valuation system is that even if there is only one transaction at that locality for a long period, the valuation will be based on that single transaction prices. It doesn't reflect the tide turning characteristics...i.e. inevitably the prices will be sticky upwards.

Goh Meng Seng

Bro GMS: Instead of running your computer shop, why not apply for an economist job with MNCs, MAS, banks etc? Much more stable but of course, less free time.

 

[Ramseth]

Bro GMS: Instead of running your computer shop, why not apply for an economist job with MNCs, MAS, banks etc? Much more stable but of course, less free time.

If he applies for a job at RWS or MBS, then you worry.

 

[LonewolfAlfa]

It is a leading indicator.

As long as there is COV, the valuation of properties around that place will rise in the next assessment. Smaller COV only means that the rise in valuation prices will slow down but not going down.

The problem of such valuation system is that even if there is only one transaction at that locality for a long period, the valuation will be based on that single transaction prices. It doesn't reflect the tide turning characteristics...i.e. inevitably the prices will be sticky upwards.

Goh Meng Seng

so how much COV did YOU get when you sold your flat?