IMO, Resale property market is based on the fair competition for
potential buyers who are within their buying power (not incurring
too much borrowing over housing through monthly installment) by
exploiting the free market mechanism. Housing is only a roof over
to provide temporary shelter in this short span (150 year old :D)
of happy life. Happy is not entirely measure by the materials one's
possessed, it is the satisfaction over it and love of life. Cost of
living is an undeniable fact of grave concern to most, and one
should prudently spend within own means. A strong support of a
cohesive and happy society need the understanding of life and
commitment for both the government and the public. Top government
officials are earning very high pay, they may lack the true feel of
most of those low and middle income earners who struggled to make
end meet, especially when they have children. Even any adjustment
of pricing in any commodity directly has a domino effect on all
commodities, which means, low and middle income earner are poorer,
and they have to struggle by readjusting their spending because of
family future well beings. For the government, the new public
housing ought to remain very affordable to first time buyer, and
the middle income up grader or down grader have to exercise prudent
spending. For first time buyer of new couple on resale flat,
probably government has to workout more subsidies with caveat in
place if no afforable new flat available. There were also new
couple buying resale flat as it was meant to be re-enbloc as well.
What if new flat is not advisable to be built due to enivirnoment
consideration as any land release for housing development would
post greenery problem. All in all, live within one's mean, and
government high earners ought to exercise prudent is decision
making on any price hike. If there is any price hike in Singapore
due to hike of raw materials and commodity, salary has to
immediately adjust upward for low and middle incomer family,
especially the low income family. It is the onus of employer, for
any increase of income for this family is also a charitable deed
Most importantly, is proper core value education of
happy life within one's mean that would ensure an everlasting peace
and bliss regardless of race, language and religions.
Wish all good health, good luck and lot of fortune.
resale market of HDB should be reserve for singaporeans only.
PR should not be eligible at all. eliminating this segment of
demand, prices will drop.
But govt will never sought this route. telling us bullshit story
we need them.
