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<style></style>What sort of drama is this?...80% of our population lives in HDB flats entirely owned by this government..Again this government owns almost all the land sold to private developers..
Recently a huge cry over the exorbitant price increases for the new flats built by HDB was heard all over Singapore....and yet this report !..As if MAS and by that extension this government is protecting the consumer against property bubble..What crap !..It is a public knowledge that consumer rights do not exist here.
The government caused the property prices to double in the past 3 years and gained out of it..So does anyone feels this piece of reporting by ST today is playing to the gallery of APEC crowd who are now here?
Of course,the other piece of news about our troops having served in Afganistan and East Timor is also for the consumption of the overseas press here reporting on APEC.
Straits Times
November 10
By Gabriel Chen
MAS flags two risks to property buyers <!-- TITLE : end--><!--
HOME buyers are being advised to pause a moment before leaping into the purchase of that dream apartment. --><!-- Story Without Image / With eXtra Large Image End --><!-- CONTENT : start -->
HOME buyers are being advised to pause a moment before leaping into the purchase of that dream apartment.
The Monetary Authority of Singapore (MAS) yesterday cited two scenarios in which the resurgent private property sector may not stay quite so rosy.
<table border="0" align="right" cellpadding="2" cellspacing="2" width="300"> <tbody> <tr> <td> <script language="JavaScript" src="http://business.asiaone.com/static/ads/scripts/adsimu.js"></script> <!-- AdSpace 300X250 A1-STI IMU --> <script language="JavaScript1.1" type="text/javascript" src="http://ads.asia1.com.sg/js.ng/site=tasiaonebiz&sec=a1_biz&pagepos=1&size=300X250"></script> <noscript>http://ads.asia1.com.sg/click.ng/site=tasiaonebiz&sec=a1_biz&pagepos=1&size=300X250</noscript><!-- /AdSpace -->
</td></tr></tbody></table>The central bank also flagged possible fresh measures to cool the sector, on top of last week's government announcement that plenty of mass market condominium sites will be released next year.
Recently a huge cry over the exorbitant price increases for the new flats built by HDB was heard all over Singapore....and yet this report !..As if MAS and by that extension this government is protecting the consumer against property bubble..What crap !..It is a public knowledge that consumer rights do not exist here.
The government caused the property prices to double in the past 3 years and gained out of it..So does anyone feels this piece of reporting by ST today is playing to the gallery of APEC crowd who are now here?
Of course,the other piece of news about our troops having served in Afganistan and East Timor is also for the consumption of the overseas press here reporting on APEC.
Straits Times
November 10
By Gabriel Chen
MAS flags two risks to property buyers <!-- TITLE : end--><!--
HOME buyers are being advised to pause a moment before leaping into the purchase of that dream apartment. --><!-- Story Without Image / With eXtra Large Image End --><!-- CONTENT : start -->
HOME buyers are being advised to pause a moment before leaping into the purchase of that dream apartment.
The Monetary Authority of Singapore (MAS) yesterday cited two scenarios in which the resurgent private property sector may not stay quite so rosy.
<table border="0" align="right" cellpadding="2" cellspacing="2" width="300"> <tbody> <tr> <td> <script language="JavaScript" src="http://business.asiaone.com/static/ads/scripts/adsimu.js"></script> <!-- AdSpace 300X250 A1-STI IMU --> <script language="JavaScript1.1" type="text/javascript" src="http://ads.asia1.com.sg/js.ng/site=tasiaonebiz&sec=a1_biz&pagepos=1&size=300X250"></script> <noscript>http://ads.asia1.com.sg/click.ng/site=tasiaonebiz&sec=a1_biz&pagepos=1&size=300X250</noscript><!-- /AdSpace -->
</td></tr></tbody></table>The central bank also flagged possible fresh measures to cool the sector, on top of last week's government announcement that plenty of mass market condominium sites will be released next year.
