Private property price is falling but HDB Mah still dwells in the golden period.

[Qinhuang]

By now, HDB three room flats (resale) should drop to 50k to 70k , and four room flats may be at 100k to 120k at valuation.

New HDB flats should also fall dramatically.

In singapore, public houses are overpriced to wipe out the CPF ordinary savings
Majority HDB leaseholders spend the main part of their salaries on leasing and dump their life CPF savings when leasing the HDB flats.

Leaseholders leasing the Overpriced public houses will suffer the most when the recession is deep and long, worst, when they get retrenched.

The reason why HDB flats price cannot fall may be simple---PAP dogs have to run for their lives if that happens.
It's do or die for HDB Mah, he is just carrying the order ......of course, doing it better than ended up like Seng Ah Tong.

 

[commoner]

For basic HDB 3-4 rooms flat price between 150-250k to fall drastically, it will be difficult.

1st. HDB can control supply, and have holding power
2nd. If market bad, people give up condo and move into 3-4 room 150-250k HDB usually
3rd. Now HDB flat are priced 20-30% below open market, so even subsidised flat also 100-200k
4th. Talk to the valuers, if they value too low, HDB will question them, thats why HDB values are slow to market changes.