HDB flats worth $359 billion ?

borgkilla SG

there is no choice
limited land area so no way u can get freehold
common in cities around the world

trueno86 SG

x2, the major consolation I have is my family. Secondly, not forgetting all the people who think and suffer alike.

dannychua SG

Very Happy

What's the use of having illiquid asset? you can't eat bricks or tiles for breakfast. Even for the 7% of the bottom income earners, they can sell their old flats for $100,000 and yet it is not enough for them to buy a new 3-room flat.

RaTtY81 SG

please do not use the word buy.

vito_corleone SG

i didnt know singapore's air was worth so much man. Laughing

av98m SG

Home ownership in Singapore is overrated. The banks and the govenment are the real owners. Fall on hard times, miss a few payments, and they will swoop in, seize your home, and kick you out into the streets. Smile

"Owning" a home just means you're commited to long term loan payments to a bank.

lotus999 SG

Prof Tan Kia Giap of NTU is warning us that the price of our flats will keep going up because the govt wouldn't let them fall.

dragg SG

if the prices of properties are allowed to fall a lot of singaporeans will go bankrupt.

it happened in hong kong.

Cindyfeh SG

I don't take it as a warning. I take it as a real good positive sign that the prices of our flats are going up.

I will be rich! You will be rich! Everyone will be rich! Perhaps we should consider paying our great leaders extra bonus for encouraging the flat prices to go up?

dragg SG

how can prices of flat go down?

majority of existing 'owners' will suffer if that happens.

as far as property prices and cost of living is concerned we are at a point of no return.

archon1234 SG

Another REIT in the making....HDB REIT (maybe)

Hong Kong already has formed a special REIT to buy over the public carparks from the HK gov. And the REIT is facing some diffculties over there. Things will becoming clearer once HK REIT case is settled.

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