Will there still be more new flats in Seng Kang and Punggol?

orange_oceanz SG

Now even HDB retrenches ppl. My teacher say that the tendency on more flats being built in SK and 21 are very slim. Opinions?

Eiizumi SG

Of course lah! Moreover, there is already so many vacant HDB units in the market (Thousands of vacant units). This made the property market consumption relatively weak. Build some more, my flat’s price drop on you know.

Atobe SG

The price of the new flats in Senkang, when compared to those flats built 5 years or 10 years ago, are smaller in area by TWENTY PERCENT, but they cost THIRTY PERCENT MORE.

Yet, the annual inflation rate in Singapore is supposed to be well under control at almost below or around ONE Percent annually.

With wages expected to be readjusted downwards (to make Singapore more competitive), and CPF contributions to be frozen for another two years (maybe even longer), the ability of Singaporeans to purchase any more new flats will be slim.