HDB declares war on GMS

[Tristan]

GMS, FYI, There was no mismatch of DEMAND and SUPPLY in 2007. Flats were there for the taking, but people were choosy about where they wanted to stay. In a way, the grant helped addressed this issue too. There were other reasons behind the initiative to offer grants and I can tell you that not all are related to $$$. See the conditions that have to be met before you are allowed the grant and you will understand what I mean.

You see, my learned GMS, you may look at things from a myopic $$$ perspective but you fail to see the overall broader picture. You think you are smart, I can tell you others are smarter and have foresight much, much more further than yours.

You are cocksure people will be burdened by the grant? I am one example to show you that with good proper planning and management of your funds and life, the grant is a godsend.

 

[Forvendet]

My message is simple, don't take poison as medicine.

I have explained, even with the grant, you are going to pay higher prices for a resale flat, as compared to New HDB flat at cost price. For every $10K difference in prices, you are going to be burdened more than $10k with interests.

Taking grant is taking poison. Taking 10k grant will cost 10k interest.

GMS is madman or not, you all be jury.