Mabroky: Monitor Resale Prices 1st Woh!

[makapaaa]

<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR>March 7, 2009
</TR><!-- headline one : start --><TR>New flat prices to be adjusted <!--10 min-->
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<!-- START OF : div id="storytext"-->LAUNCH prices of new HDB flats could be cheaper if market prices start to fall.
Senior Minister of State for National Development Grace Fu said yesterday that the Housing Board is monitoring the market closely and will adjust new-flat prices accordingly.
'For every project that's launched, we will take the cue from the market, so for every batch that's coming up, if the current market has adjusted, we will adjust our selling price accordingly,' she said.
The Straits Times yesterday reported that resale flat prices have softened for specific types, such as five-roomers in areas like Punggol, to match the price of similar newly-launched flats. Ms Fu assured home buyers yesterday that HDB will 'always price [the new flats] with the market price in mind'.

 

[prinzy]

There is no such thing as pricing the housing price according to the current market price and sentiments. It is always the gahmen's and promise to offer housing to their citizens at an affordable price. Pricing them according to the current market price will only cause speculation and despair. Wake up PAP before it is too late. We have enuf of your lies and empty promises. You just cannot lie anymore.