Is HBD valuing its flats artificially high to prevent property bust?

[2standards]

We need to maintain the hype and ra ra to bring back the confidence. Lots of Beijing style firework during the launch should do the trick.

Valuation is artifical kept high to prevent property BUST ! 600k for a place in the air ?????????????????????

 

[zuoom]

what will happen if the value of the flat goes down?

ie: like the US situation.

 

[2standards]

Buyers and borrowers will need to top up the shortfall in value. The people's fault of course. You went in with your eyes open.

what will happen if the value of the flat goes down?

ie: like the US situation.

 

[2standards]

Let's print even more greenback to bailout the banks.

All they do now is follow America and print more money and dilute our money economy ! Leads to more hyper-inflation. More money in circulation means the value of our current dollar is worth less today than ever before!

A dollar only has it's worth with the hard work !

 

[Leongsam]

Let's print even more greenback to bailout the banks.

Can you stop leaving huge chunks empty space in your messages please.

 

[sherrry]

The banker calls the shots, the banker decides the odds. They monopolize the market, there's nothing the people can do, even if they should decide to price their high-rise prison 4 room cells at 700k each.

For now, newly weds aren't entitled to buy 3room flats, and are required to buy 4room or more. If that's not tyranny, what is?

 

[Frankiestine]

For now, newly weds aren't entitled to buy 3room flats, and are required to buy 4room or more. If that's not tyranny, what is?

What kind of warp logic is this that dictates newly married cannot buy 3 room?

 

[STUCK_HERE]

If they have nothing, would they still be so keen to vote for PAP?

The PAP will give them $200 ang pao, and they will vote for PAP.

 

[mockingbird]

For now, newly weds aren't entitled to buy 3room flats, and are required to buy 4room or more. If that's not tyranny, what is?

If you are buying 3-room flat direct from HDB, your household income must not be above $3k.

 

[0939]

The smart couple will buy resale 3-room flat for a start.

 

[zuoom]

quick question for 2008 year end.

how's the HDB value holding up now?

expected trend in the next 6-9months?

 

[Einfield]

quick question for 2008 year end.

how's the HDB value holding up now?

expected trend in the next 6-9months?

It is in the interest of the ruling party, to uphold the HDB price at all cost, the political price will be devastating if it spiral downward.

Buy back scheme, Defer installment, loan restructure are all tools that they can use to control any steep decline, since they are the landlord of HDB and they they control CPF, it's not difficult to achieve.

The real problem, is when the CPF fund is insufficient, due to bad investments losses, through complicated proxy between GIC and Temasick's holding companies, then we will see the HDB price real market value.

If we start to see this then PAP days will also be numbered because the dominoes will fall one after another and all the ugly truth that is swept under the carpet for the past 40 years will all surface.