Immigration policy and property market
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Posted: Sat Oct 21, 2006 11:55 am Post subject: Immigration policy and property market
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We have published two letters from our readers on the Singapore Media Watch:
http://www.mediawatchsg.blogspot.com
Hope to hear your views there.
Your views: Is S'pore's immigration policy aimed at giving a filp to the property market?"
I refer to the attached article on "Private home prices accelerate in Q3".
Unfortunately, not many Singaporeans are benefiting from the price rise because the segment benefiting from this recent increase concerns those homwowners in the high-end private properties.
Therefore, the bulk of the citizens, the HDB homeowners and the majority of private homeowners in the non-high end segment are not benefiting from it.
Read rest of article at: http://www.mediawatchsg.blogspot.com -
Prices can only go up so much without additional demand.
So the people at the top decided, hey let's just increase the population by relaxing our immigration policy so that this can in turn create a demand for housing.
Voila.
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are you saying that price of flats should go up so that those buying new flats would have to fork out more???
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Year 1994 - 1997 HDB price raise cos of Hongkie, now is defferent thing.
Local Buyer no longer can push the price up, is only Single with high pay can affort. And for FT staying here as PR, those can affort will buy condo and the rest just rent a four room. Only afew want to stay in HDB like the Hongkie.
The rule that HBD set will affect the buying trend of local ppl , as for condo is for ppl have $$ in CPF, but as many lost their job in 40s ppl can see the risk they are gonna take. Those ppty in town area are selling like hot cake now, and the foreign buyer stand a large nos and those are damn rich.
Now the different is $1m above vs $1m below condo. Rich vs poor. -
just went through severl free hold projects during this long weekend and found out the price is very high, but very surprised to see many of the projects are around 60-80% sold...it seems a lots of rich people around...
Originally posted by mediawatchsg:
Posted: Sat Oct 21, 2006 11:55 am Post subject: Immigration policy and property market
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We have published two letters from our readers on the Singapore Media Watch:
http://www.mediawatchsg.blogspot.com
Hope to hear your views there.
[b]Your views: Is S'pore's immigration policy aimed at giving a filp to the property market?"
I refer to the attached article on "Private home prices accelerate in Q3".
Unfortunately, not many Singaporeans are benefiting from the price rise because the segment benefiting from this recent increase concerns those homwowners in the high-end private properties.
Therefore, the bulk of the citizens, the HDB homeowners and the majority of private homeowners in the non-high end segment are not benefiting from it.
Read rest of article at: http://www.mediawatchsg.blogspot.com [/b]