Homepage
PR Newswire
29-10-2010, 09:00 PM
Mr Mah has written a number of articles providing rational-sounding explanations for the high HDB prices.
I do not see, in the pasted article above, the explanation on why rising flat prices, if supported by economic fundamentals, is in the overall interest of everyone - homeowners and homebuyers.
Anyway, I only believe that for people who are only owning one home, a rising flat price is a curse, not a blessing. Simply put, rising flat price means that you are paying more to live in the flat whenever you purchase a flat.
I am still waiting for him or someone to provide
a) an analysis on how much the lack of supply in resale HDB (caused by the lack of new flats in the early 2000s) has contributed to the increase in HDB prices.
b) an analysis on how much the 3-4 years waiting time for a new HDB has contributed to the increase in HDB prices.
Also, I am still waiting for him to admit his mistakes and let us know where he has gone wrong.
I am guessing that I am waiting in vain.
I do not see, in the pasted article above, the explanation on why rising flat prices, if supported by economic fundamentals, is in the overall interest of everyone - homeowners and homebuyers.
Anyway, I only believe that for people who are only owning one home, a rising flat price is a curse, not a blessing. Simply put, rising flat price means that you are paying more to live in the flat whenever you purchase a flat.
I am still waiting for him or someone to provide
a) an analysis on how much the lack of supply in resale HDB (caused by the lack of new flats in the early 2000s) has contributed to the increase in HDB prices.
b) an analysis on how much the 3-4 years waiting time for a new HDB has contributed to the increase in HDB prices.
Also, I am still waiting for him to admit his mistakes and let us know where he has gone wrong.
I am guessing that I am waiting in vain.