KNN economy down 6.8% in Q4, but hdb prices hit record high

[BusNo64]

KNN, economy no good yet hdb price goes record high...cheebye..talk cock govt...simple economics, when u have more demand (like from PR) and you control the supply (like BTO), of coz price will go up lah...or else you ask ppl to sleep on street issit? KNN non-ending cycle, resale px goes up...new hdb price goes up...valuation goes up...resale px goes up...repeat....
KNN like dat how to buy a roof over my head when i get married? :oIo::oIo::oIo:

Jan 4, 2010
HDB prices hit new high
By Jessica Cheam

HDB resale flat prices rose about 8 per cent for 2009.

PRICES of Housing Board resale flats continued its relentless climb, rising 3.8 per cent in the fourth quarter of last year to hit a fresh record.

The Resale Price Index (RPI) hit 150.7 in the fourth quarter, up from 145.2 in the third quarter, according to flash estimate released by the HDB on Monday.

This means HDB resale flat prices rose about 8 per cent for 2009. Analysts say this is due to the nascent economic recovery and strong demand for resale flats.

HDB said on Monday it will continue to launch more build-to-order flats in 2010 'if there is sustained demand for new flats',.

It will ensure that there is an adequate supply of flats to meet prevailing housing needs, it said.

About 1,300 new flats will be launched for sale tomorrow in Choa Chu Kang and Hougang.

Full public housing data for the fourth quarter will be released on Jan 22.

 

[shOUTloud]

Mah Bow Tan was right when he said he did not foresee it.

 

[tonychat]

sinkie deserve it.. wahahhahah!!!

 

[General Veers]

Not just HDeeB but inflation creeping up, as ST like to put it.

 

[Unrepented]

Economy going up and purchasing power going down..... economics redefined in the new age