land scarce is a fact, not an excuse for anything.
Who benefit from higher property prices? who are the people
paying for the higher prices? you are talking about HDB, condo or
landed?
With better economy, property prices in the whole region went
up. The problem in Singapore is with the concept of asset
enhancement promoted by Mah BT, people were very happy because they
thought their properties were worth more than what they had before.
But only when their children come into the market to buy house,
then do they realize the consequence.
Lets recognise it, the existing home owners are all too happy
with higher prices! who wants to take a 500k loan, to pay for a
house that is worth 400K.
It is the new comers who are suffering. Growth in itself
is not a problem, it is the failure to anticipate the need to cope
with the growth, more houses, more hospitals, more MRT, ....that is
the problem.
alamak, till now u still no see wat the garhmen doing?
why u nvr define public housing?
wen garhmen took in thousands FTs n citizens , hav
they not anticipated the shortage of housing n the exertion on the
public transport system?
isit their tactics to up the price of housing or
blunders?
