The genius of Mah Bow Tan

[makapaaa]

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Coffeeshop Chit Chat - The genius of Mah Bow Tan</TD><TD id=msgunetc noWrap align=right>

Subscribe </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR class=msghead><TD class=msgF width="1%" noWrap align=right>From: </TD><TD class=msgFname width="68%" noWrap>6/8,10/9, forums.delphiforums.com/anymos (ANYMOS) <NOBR></NOBR> </TD><TD class=msgDate width="30%" noWrap align=right>1:53 am </TD></TR><TR class=msghead><TD class=msgT height=20 width="1%" noWrap align=right>To: </TD><TD class=msgTname width="68%" noWrap>ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 3) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"> </TD><TD class=wintiny noWrap align=right>22056.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>[FONT=tahoma,arial,helvetica,sans-serif]7,000 new HDB flats to be released for sale at a time when HDB resale transactions are seeing peak prices in over a decade, if not in history. Taking average 300K per unit, this translates into a $2 billion windfall for PAP to fund the pre-election goodies.... and mind you this is only for 3 months stock.
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[FONT=tahoma,arial,helvetica,sans-serif]What would Singapore do without Minister Mah ? We'd still be an island of fishing villages and zinc-roofed kampongs ![/FONT]
[FONT=tahoma,arial,helvetica,sans-serif]Hail Ministar Mah !! 3 cheers for Mah !![/FONT]

<HR SIZE=2 width="100%">[FONT=verdana,arial,helvetica,sans-serif]7,000 HDB flats to be made available in next three months
[/FONT][FONT=verdana,arial,helvetica,sans-serif]By Channel NewsAsia | Posted: 01 October 2009 1253 hrs
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[FONT=verdana,arial,helvetica,sans-serif]SINGAPORE: National Development Minister Mah Bow Tan announced Thursday that 7,000 HDB flats will come on to the market over the next three months.

Two thousand of them will be available from Thursday through a balloting system. These flats are those unsold in previous Build-to-Order (BTO) exercises and Selective En bloc Redevelopment Schemes (SERS), as well as repossessed flats.

The other 5,000 will be available through the BTO system in the last quarter of this year.

Mr Mah said the flats will be available islandwide in estates such as Queenswtown, Punngol, Bukit Panjang and Jurong West. These flats range from studio flats to executive apartments, he added.

He said supply is adequate to suit all needs, and urged flat buyers to buy within their means and not over commit.

The minister said the release of these additional flats is in response to high demand in the market currently. He added that the government will continue to monitor the market and make adjustments as necessary.

Mr Mah was speaking to reporters after delivering a speech at the Global Social Innovators Forum.

- CNA/yb

http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1008556/1/.html[/FONT]

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[makapaaa]

<TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR class=msghead><TD><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR class=msghead><TD class=msgF width="1%" noWrap align=right>From: </TD><TD class=msgFname width="68%" noWrap>AI (3_M) <NOBR></NOBR> </TD><TD class=msgDate width="30%" noWrap align=right>2:03 am </TD></TR><TR class=msghead><TD class=msgT height=20 width="1%" noWrap align=right>To: </TD><TD class=msgTname width="68%" noWrap>6/8,10/9, forums.delphiforums.com/anymos (ANYMOS) <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (2 of 3) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"> </TD><TD class=wintiny noWrap align=right>22056.2 in reply to 22056.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>HDB withhold those unsold units for years is blatantly abusing the market principles which they been preaching all along.
Reminds me of those farmers destroying their excess crops just to maintain the price.
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[takcheksian]

Chow lampar dickhead Mabok Tan:

obviously he has been secretly withholding flats from the market to let his GLC kakis profit from a shortage in supply of flats.

How do you build several thousand flats in 3 months? Flats already built and just waiting for his go-ahead to release, fuck!

Another thing about our 154th:

Always buay paiseh, say how many million people line up how many million man-days to buy BTO. Yet this article contradict everything said earlier. BTO has many unsold flats! Bluff people!

 

[ahleebabasingaporethief]

Hahahahahahaha!!!!

 

[coolguy]

Thank You. Thank You.
I really loved toying with the sinkies.
It is sooooo fun!

 

[singveld]

7000 flats with 300k each, windfall for PAP is 2 billions?
so basically it cost less than nothing or very little to build the flats. they dun have to pay the FT and sinkies to mix the concrete or transport the raw materials. they dun have to rent the heavy equipment or crate.

 

[garlic]

7000 flats with 300k each, windfall for PAP is 2 billions?
so basically it cost less than nothing or very little to build the flats. they dun have to pay the FT and sinkies to mix the concrete or transport the raw materials. they dun have to rent the heavy equipment or crate.

yep, you are right, 2billion is a gross misjudgement of the amount. The stamp fees, interest earned from the loans, buying options etc.. the amount will be nearer to 3b....

 

[leetahbar]

yep, you are right, 2billion is a gross misjudgement of the amount. The stamp fees, interest earned from the loans, buying options etc.. the amount will be nearer to 3b....

gecko's life support beri expensive. hv mercy on that.:p

 

[nickers9]

First of all, I need to thank the fresh milk supplied daily by my wife's fat juicy breast that after taking it, it not only boost my brain power and memory, the milk also turned me into a creative genius of all times in Sinkgapore.

 

[jim007jimmyboy]

Thank You. Thank You.
I really loved toying with the sinkies.
It is sooooo fun!

FUCK u and ur famiLEE for many generations


fucking lying bastards

subsidised - my lan jiao

 

[shelltox]

Another sign that election is coming, akan datang.

 

[makapaaa]

<TABLE border=0 cellSpacing=0 cellPadding=0 width=452><TBODY><TR><TD vAlign=top width=452 colSpan=2>Published October 2, 2009

</TD></TR><TR><TD vAlign=top width=452 colSpan=2>More new HDB flats as resale prices climb
HDB resale prices are now at their highest level ever

By UMA SHANKARI
<TABLE class=storyLinks border=0 cellSpacing=4 cellPadding=1 width=136 align=right><TBODY><TR class=font10><TD width=20 align=right> </TD><TD>Email this article</TD></TR><TR class=font10><TD width=20 align=right> </TD><TD>Print article </TD></TR><TR class=font10><TD width=20 align=right> </TD><TD>Feedback</TD></TR></TBODY></TABLE>
(SINGAPORE) The Housing and Development Board (HDB) is stepping up its supply of new flats to meet increased demand for public housing. The news came as flash estimates showed that prices of resale HDB flats rose 3.2 per cent in Q3.

<TABLE class=picBoxL cellSpacing=2 width=100 align=left><TBODY><TR><TD> </TD></TR><TR class=caption><TD></TD></TR></TBODY></TABLE>The price increase comes after a 1.4 per cent rebound in Q2 following a marginal drop of 0.8 per cent in Q1. This means HDB resale prices are now at their highest level ever. The previous two peaks were in Q4 2008 and Q4 1996.
Analysts attributed the growth to the greater demand for resale flats in recent months.
Observed Eugene Lim, associate director for ERA Asia Pacific: 'The surge in demand for HDB resale flats and the consequent rise in prices have been fuelled by a mix of upgraders, downgraders and the increasing population of permanent residents.'
There is also a 'trickle-down' effect from the growth in private property prices, which climbed 15.9 per cent in Q3.
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</TD></TR><TR><TD bgColor=#fffff1><TABLE border=0 cellSpacing=0 cellPadding=0 width=124 align=center><TBODY><TR><TD vAlign=top>Potential home-buyers can look forward to another 5,000 new BTO flats over the next three months in various locations. This translates to an average of 1,500 new flats monthly, with at least two BTO project launches each month.
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</TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>But plans to boost the supply of new flats could mean that the price increase in the resale price index could see some moderation in future, said Minister for National Development Mah Bow Tan, who announced HDB's plans yesterday.
With the good response to recent build-to-order (BTO) launches, HDB will increase its supply of BTO flats from the 8,000 units previously planned for this year to 9,000 units instead. HDB launched 3,945 BTO flats from Jan to Aug 2009.
Now, potential home-buyers can look forward to another 5,000 new BTO flats over the next three months in various locations. This translates to an average of 1,500 new flats monthly, with at least two BTO project launches each month.
In addition, HDB also launched an exercise yesterday to sell leftover units from previous sales exercises. Under this scheme, 2,132 'balance flats' will be offered for sale. HDB expects these flats to be especially popular as most of them are either completed or close to completion, and a large chunk of them are in mature estates.
The new supply could take some pressure off the resale market, market watchers said.
'The grouses of many first-timers will be soothed as the introduction of these flats should, at least temporarily, ease the demand of resale flats,' said PropNex chief executive Mohamed Ismail.
Mr Ismail expects cash-over-valuation (COV) levels to dip slightly due to the immediate addition of the 2,132 balance flats to the market, and feels that this will actually encourage sustainable long-term growth of the HDB resale price index.
However, the increase in the supply of new HDB flats under the BTO scheme may not have the immediate effect of slowing down the price increase of resale flats because these flats would not be available immediately, said Ngee Ann Polytechnic real estate lecturer Nicholas Mak.
Transaction volumes and resale prices are expected to continue climbing in Q4.
ERA, which said it has a 45 per cent market share of the HDB resale market, observed that its transaction volume continued to increase by some 10 per cent in Q3, after surging by 52 per cent in Q2 over Q1.
'With the current market momentum likely to follow through till year-end, we are likely to see a similar price increase of 2-3 per cent for the last quarter.
For the whole year, HDB resale prices would probably have increased by 7-8 per cent,' said ERA's Mr Lim.
Mr Mak likewise said that for the whole of 2009, average HDB resale flat prices could increase by 5-9 per cent year-on-year as demand is still expected to remain healthy.


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[singveld]

yep, you are right, 2billion is a gross misjudgement of the amount. The stamp fees, interest earned from the loans, buying options etc.. the amount will be nearer to 3b....

you and makapaa hand hold hand to fail maths.