- Joined
- Nov 24, 2008
- Messages
- 23,916
- Points
- 113
SINGAPORE: National Development Minister Khaw Boon Wan expects to take three to five years to substantively solve the imbalance between the supply and demand for HDB resale flats.
He said he is confident that resale flat prices will stabilise but stressed that the problem of high prices cannot be solved overnight. He urged Singaporeans to be patient.
Like that why don't he just put the blame on MAh Bow Tan. He was running the ministry responsible for the current cock up in HDB. Easy for him to say be patient. He is not the one paying huge COV, and wait long time for new flats. The moron should just sell the new flats at cost price, I guarantee the high price problems will be solved tomorrow instead of years.
Mr Khaw said this in response to questions from reporters on the sidelines of a community event on Sunday.
He said on the supply side, the number of flats will be raised when the new Build-To-Order (BTO) flats are completed.
As for demand, he said the property cooling measures implemented by the government have removed "unnecessary demand" from speculators.
Alot of these speculators are his precious FTs. Its well known fact that they bring their property speculation strategy here from PRC and elsewhere. The whole BTO shit is to blame in the first place. The lag time is too long. The HDB should build flats based on population projections and demands, not wait until enough people order them.
He urged those who already with a property to hold back on dipping into the resale flat market, as prices are currently too high.
On Friday, figures from the act HDB showed prices rising by 2.9 per cent in the second quarter of this year, nearly twice that of the previous quarter.
The HDB also stopped releasing the median Cash-Over-Valuation (COV). Mr Khaw said the figure is "misleading" and cannot be used to judge if COV has gone up or come down.
Isn't this just like the PAP. When there is negative news and a sore point or contention, just fix it by witholding the information.
He added that the median figure is dependent on the house type and location of flats that are sold, which can change from month to month.
Instead, the HDB will continue to offer a breakdown of COV according to location and house type, which Mr Khaw said, is the information Singaporeans need when they decide on whether to buy a home.
It doesn't matter to the seller. He will try and get as much COV as he can out of the buyer. The breakdown of the going COV for his area means nothing to him. I am surprised he don't understand this. He thinks COV are $8?
He said he is confident that resale flat prices will stabilise but stressed that the problem of high prices cannot be solved overnight. He urged Singaporeans to be patient.
Like that why don't he just put the blame on MAh Bow Tan. He was running the ministry responsible for the current cock up in HDB. Easy for him to say be patient. He is not the one paying huge COV, and wait long time for new flats. The moron should just sell the new flats at cost price, I guarantee the high price problems will be solved tomorrow instead of years.
Mr Khaw said this in response to questions from reporters on the sidelines of a community event on Sunday.
He said on the supply side, the number of flats will be raised when the new Build-To-Order (BTO) flats are completed.
As for demand, he said the property cooling measures implemented by the government have removed "unnecessary demand" from speculators.
Alot of these speculators are his precious FTs. Its well known fact that they bring their property speculation strategy here from PRC and elsewhere. The whole BTO shit is to blame in the first place. The lag time is too long. The HDB should build flats based on population projections and demands, not wait until enough people order them.
He urged those who already with a property to hold back on dipping into the resale flat market, as prices are currently too high.
On Friday, figures from the act HDB showed prices rising by 2.9 per cent in the second quarter of this year, nearly twice that of the previous quarter.
The HDB also stopped releasing the median Cash-Over-Valuation (COV). Mr Khaw said the figure is "misleading" and cannot be used to judge if COV has gone up or come down.
Isn't this just like the PAP. When there is negative news and a sore point or contention, just fix it by witholding the information.
He added that the median figure is dependent on the house type and location of flats that are sold, which can change from month to month.
Instead, the HDB will continue to offer a breakdown of COV according to location and house type, which Mr Khaw said, is the information Singaporeans need when they decide on whether to buy a home.
It doesn't matter to the seller. He will try and get as much COV as he can out of the buyer. The breakdown of the going COV for his area means nothing to him. I am surprised he don't understand this. He thinks COV are $8?
