Mabroky Back Tracks, Says Property Prices Too High Woh!

[makapaaa]

Jan 29, 2011

Upgrading to private home? Wait a bit, says Mah

<!-- by line -->By Amresh Gunasingham
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'Housing prices are rather high now... if you wait for a while, you might find more affordable properties,' Mr Mah was quoted in the paper as saying. -- ST PHOTO: DESMOND LIM

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IF YOU are a Housing Board flat owner looking to upgrade to a private property, wait a little longer before signing on the dotted line.
This was the advice from Minister for National Development Mah Bow Tan in an interview published in the Chinese daily Lianhe Wanbao on Saturday.
'Housing prices are rather high now... if you wait for a while, you might find more affordable properties,' Mr Mah was quoted in the paper as saying.
Serious home buyers should be patient as he expects interest rates and the supply of private properties to rise soon, and both these factors should help to curb the steady trend of rising prices.
'When that happens, you will be thankful that you didn't buy right now!' he quipped.
The property market hit new highs last year, fuelled by strong demand from cash-rich buyers, low interest rates and strong economic growth.
Read the full story in The Sunday Times.

 

[Coolsaint77]

Wooo.... election is drawing really near

 

[Watchman]

'Housing prices are rather high now... if you wait
for a while, you might find more affordable
properties,' Mr Mah was quoted in the paper
as saying. -- ST PHOTO: DESMOND LIM

You wait some more, you just going to pay more in future .

That is how solid Singapore is .

 

[myfoot123]

See? PAP is a huge piece of ROTI PRATA. After election, they will flip over again and show you their cruel ass.

 

[annexa]

Now then he say high. Knn this forum has been saying property price too high need correction so many years. Forummers here can all become ministar fortune teller!

 

[myfoot123]

He has been sleeping for many years and ignoring Singaporeans complain about high housing price. Now that election is around the corner, he just wake up and tried to be in tune with the people. Typical.

 

[alvin36]

hey short ass, still affordable or not ?
tell us how much is considered "not affordable" lah

 

[theblackhole]

all the different signals - confusing, muddling and depressive...

aiyah, just stop reading and stop listening to all these conflicting annoucements and pronoucements..go eat you lcg bakkwa...kheongheehuatchye!!!!