Punggol East By-Election coming ? MP steps down
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ngl2010:
And the 7m people will increase the demand for property so supply will still play catching up. So, property prices will still go north? I hope I am wrong.
New couples having to wait 3 years minimum for their first flat...their BTO flat is just an empty shell. Young couples have to save for wedding and renovate their flat and buy furniture. Even if they go for the minimum decor, renovation and furniture adds up.
New flats are in non-mature estates. If these young couples stay there and then start a family, they will be busy fetching/sending bb to and fro parents' place which is usually not near. Reason is bcos newly wedded couples can hardly afford to pay premium prices for resale units near their parents.
I just wonder if my kids can afford to buy a flat in future...or they also face the scenario of having to buy flats in the outskirts. Property prices will not come down. -
ngl2010:
And the 7m people will increase the demand for property so supply will still play catching up. So, property prices will still go north? I hope I am wrong.
You are not wrong. If property prices are not allowed to go up, how to attract immigrants?
Furthermore interest rate is so low and likely to remain low for a long time, how will property prices fall? Question is how can I buy one when I need to take a loan with so many restrictions and terms attached when those from elsewhere pay cash? 
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When you sell your flat, do you want to make money? Yes?
So, can the gov sell the new flats at the "affordable" price? Selling all the new flats that are significantly lower price than your old/resale flats?
Then who is going to pay the higher price to buy your older flat?
Your flats price appreciate, is not by chance, the market has been carefully crafted out . -
janet_lee88:
Anywhere else in the world is just about the same when people buy their first home, that is if they are lucky enough that their gov are capable enough to provide them with cheap public housing as heavenly as Singapore.ngl2010:
And the 7m people will increase the demand for property so supply will still play catching up. So, property prices will still go north? I hope I am wrong.
New couples having to wait 3 years minimum for their first flat...their BTO flat is just an empty shell. Young couples have to save for wedding and renovate their flat and buy furniture. Even if they go for the minimum decor, renovation and furniture adds up.
New flats are in non-mature estates. If these young couples stay there and then start a family, they will be busy fetching/sending bb to and fro parents' place which is usually not near. Reason is bcos newly wedded couples can hardly afford to pay premium prices for resale units near their parents.
I just wonder if my kids can afford to buy a flat in future...or they also face the scenario of having to buy flats in the outskirts. Property prices will not come down. -
janet_lee88:
Hi Janet, wen I got married almost two decades ago, I too, need to wait 3 years for my new flat to be built.New couples having to wait 3 years minimum for their first flat...their BTO flat is just an empty shell.
janet_lee88:
It has been like that for a long long time. New flats have been built in non-mature estates since my time, ie. 2 decades ago. Not all young couple's parents stay in mature estates.New flats are in non-mature estates. If these young couples stay there and then start a family, they will be busy fetching/sending bb to and fro parents' place which is usually not near. Reason is bcos newly wedded couples can hardly afford to pay premium prices for resale units near their parents.
janet_lee88:
I guess you are staying in a mature estate? I am staying in a HDB (overpriced) flat in the 'outskirt'. ...my kids are more fortunate as they do not have to pay a premium for mature estate should they decide to stay near me when they got married.I just wonder if my kids can afford to buy a flat in future...or they also face the scenario of having to buy flats in the outskirts. Property prices will not come down.
I also wonder if my kids can afford to buy a flat in the future. So, I have decided not to downgrade to a smaller flat so that they can stay with dh & me should there be a need. -
Harlequin:
Anywhere else in the world is just about the same when people buy their first home, that is if they are lucky enough that their gov are capable enough to provide them with cheap public housing as heavenly as Singapore.[/quote]In some countries, couples usually do not have enough money to buy a place to call their home. Most will have to rent first before saving enough for their first home.janet_lee88:
[quote=\"ngl2010\"]And the 7m people will increase the demand for property so supply will still play catching up. So, property prices will still go north? I hope I am wrong.
New couples having to wait 3 years minimum for their first flat...their BTO flat is just an empty shell. Young couples have to save for wedding and renovate their flat and buy furniture. Even if they go for the minimum decor, renovation and furniture adds up.
New flats are in non-mature estates. If these young couples stay there and then start a family, they will be busy fetching/sending bb to and fro parents' place which is usually not near. Reason is bcos newly wedded couples can hardly afford to pay premium prices for resale units near their parents.
I just wonder if my kids can afford to buy a flat in future...or they also face the scenario of having to buy flats in the outskirts. Property prices will not come down. -
Harlequin:
Not ALL HDB flats are priced cheap! My new HDB flat at the outskirt bought in the 90s direct from HDB is far from cheap. :mad:
Anywhere else in the world is just about the same when people buy their first home, that is if they are lucky enough that their gov are capable enough to provide them with cheap public housing as heavenly as Singapore. -
Fairy:
Sorry to hear that :sad:
Not ALL HDB flats are priced cheap! My new HDB flat at the outskirt bought in the 90s direct from HDB is far from cheap. :mad:Harlequin:
Anywhere else in the world is just about the same when people buy their first home, that is if they are lucky enough that their gov are capable enough to provide them with cheap public housing as heavenly as Singapore. -
Has anyone watched “Undercover Boss” or “Hotel Hell”? Very interesting shows, which point us to the importance of having bosses who are able to connect with the ground.
For effective and successful governance, we need to be able to manage at both macro and micro levels. Policies at macro level help push the country forward, but at the same time, a system needs to be in place to understand and address problems at micro level as well.
In crafting policies, we need to have the foresight to plan 10 -20 years ahead, be able to anticipate potential problems and having preventive measures in place to counter them, not fire-fighting measures to tackle problems as they arise. And how do we anticipate problems? …by knowing the ground sentiments well. -
sunflower:
How does knowing the parking woes of residents prepare us for SARs, 9-11, banking crisis, eurozone crisis and interest rates below 1%?Has anyone watched “Undercover Boss” or “Hotel Hell”? Very interesting shows, which point us to the importance of having bosses who are able to connect with the ground.
For effective and successful governance, we need to be able to manage at both macro and micro levels. Policies at macro level help push the country forward, but at the same time, a system needs to be in place to understand and address problems at micro level as well.
In crafting policies, we need to have the foresight to plan 10 -20 years ahead, be able to anticipate potential problems and having preventive measures in place to counter them, not fire-fighting measures to tackle problems as they arise. And how do we anticipate problems? …by knowing the ground sentiments well.
Like it or not, high COE ain't the most important problem in the world.
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