We need to maintain the hype and ra ra to bring back the confidence. Lots of Beijing style firework during the launch should do the trick. 
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Is HBD valuing its flats artificially high to prevent property bust?
- Thread starter 2standards
- Start date
Buyers and borrowers will need to top up the shortfall in value. The people's fault of course. You went in with your eyes open.
Let's print even more greenback to bailout the banks.
Can you stop leaving huge chunks empty space in your messages please.
The banker calls the shots, the banker decides the odds. They monopolize the market, there's nothing the people can do, even if they should decide to price their high-rise prison 4 room cells at 700k each.
For now, newly weds aren't entitled to buy 3room flats, and are required to buy 4room or more. If that's not tyranny, what is?
For now, newly weds aren't entitled to buy 3room flats, and are required to buy 4room or more. If that's not tyranny, what is?
What kind of warp logic is this that dictates newly married cannot buy 3 room?
The PAP will give them $200 ang pao, and they will vote for PAP.
If you are buying 3-room flat direct from HDB, your household income must not be above $3k.
It is in the interest of the ruling party, to uphold the HDB price at all cost, the political price will be devastating if it spiral downward.
Buy back scheme, Defer installment, loan restructure are all tools that they can use to control any steep decline, since they are the landlord of HDB and they they control CPF, it's not difficult to achieve.
The real problem, is when the CPF fund is insufficient, due to bad investments losses, through complicated proxy between GIC and Temasick's holding companies, then we will see the HDB price real market value.
If we start to see this then PAP days will also be numbered because the dominoes will fall one after another and all the ugly truth that is swept under the carpet for the past 40 years will all surface.
