i would rather HDB prices go up then go down! see
below.
No government can predict the demand of housing in short
period.
in long period say 5 years, may be,
In financial tsunami, few people dared to buy
HDB.
Then, after recovery, the accumulated purchasing power released,
like a broken dam.
2. dunt blame PR. they only own about 5% of all 850,000 resale
units.
This figure accumulated in the past few decades, not within the
past few years.
blame the GDP growth is so good.
If the economy is bad and high jobless rate, price sure go down and
lot of below valuation sales!
i would rather HDB prices go up then go down!
3. One sq foot of HK new private flats is S$3000 to 3500!!
u read correctly, Lions Rise in Wong Tai Sin public housing and not
from away fr the famous temple.
Why? HK canceled HOS-like
HDB-in 2002.
Besides, the private flats completion (SG TOP issued)
is around 10,000 flats a years.
HK 7 million population. SG 5
million.
You are another self serving property owner arn't you .
Go to youtube and do a search for HONG KONG CAGE DWELLERS.. or
HONG KONG CAGE HOMES.
That will tell you what to expect when housing price goes
through the roof.
Be careful that you wish for dude.. you may one day end up
renting one of those stinking cage in your old age.
