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Coffeeshop Chit Chat - 3k must buy 4rm?</TD><TD id=msgunetc noWrap align=right> </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR class=msghead vAlign=top><TD class=msgF width="1%" noWrap align=right>From: </TD><TD class=msgFname width="68%" noWrap>UncleFond <NOBR></NOBR> </TD><TD class=msgDate width="30%" noWrap align=right>Feb-13 11:14 pm </TD></TR><TR class=msghead><TD class=msgT height=20 width="1%" noWrap align=right>To: </TD><TD class=msgTname width="68%" noWrap>ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 1) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"> </TD><TD class=wintiny noWrap align=right>44533.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>
Property measures aimed at encouraging financial prudence
SINGAPORE : National Development Minister Mah Bow Tan has said the government will continue to monitor the property market closely and take further steps, if necessary, to promote a stable and sustainable property market.
Replying to a question in Parliament on Monday, he explained that despite the large supply in the pipeline, market sentiments had remained bullish, with signs of renewed exuberance in the market at the end of last year and the majority of the buyers being Singaporeans.
Mr Mah said the government was particularly concerned that low interest rates plus excessive liquidity in the financial system, both in Singapore and globally, could further drive up demand for private housing.
And this could in turn cause prices to overshoot economic fundamentals.
Furthermore, purchasers who over—extended themselves financially may be caught when interest rates eventually rise, and they may be forced to sell their properties at an inopportune time.
Thus the government had introduced additional measures in January this year to preempt a property bubble from forming.
Mr Mah said these measures aimed to temper demand and encourage greater financial prudence among property purchasers.
With household median income on the rise, shldnt the hdb review the income ceiling for flats & circumvent the herd mentality of owning bigger flats thus advocating financial discretion. By not building flats in advance, hdb lends a helping hand in bubbling the property market in tandem with 1.5m FTs
THE REAL CULPRIT IS THE PAP THEMSELVES !
VOTE THEM OUT, IS NOW OR NEVER !
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Property measures aimed at encouraging financial prudence
SINGAPORE : National Development Minister Mah Bow Tan has said the government will continue to monitor the property market closely and take further steps, if necessary, to promote a stable and sustainable property market.
Replying to a question in Parliament on Monday, he explained that despite the large supply in the pipeline, market sentiments had remained bullish, with signs of renewed exuberance in the market at the end of last year and the majority of the buyers being Singaporeans.
Mr Mah said the government was particularly concerned that low interest rates plus excessive liquidity in the financial system, both in Singapore and globally, could further drive up demand for private housing.
And this could in turn cause prices to overshoot economic fundamentals.
Furthermore, purchasers who over—extended themselves financially may be caught when interest rates eventually rise, and they may be forced to sell their properties at an inopportune time.
Thus the government had introduced additional measures in January this year to preempt a property bubble from forming.
Mr Mah said these measures aimed to temper demand and encourage greater financial prudence among property purchasers.
With household median income on the rise, shldnt the hdb review the income ceiling for flats & circumvent the herd mentality of owning bigger flats thus advocating financial discretion. By not building flats in advance, hdb lends a helping hand in bubbling the property market in tandem with 1.5m FTs
THE REAL CULPRIT IS THE PAP THEMSELVES !
VOTE THEM OUT, IS NOW OR NEVER !
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