Property Market Rumours
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Rumours 1:
Some of uncompleted/not yet started construction projects
have not been approved for sale.
Gov delay the sales?
Rumours 2:
Up to 40 % of buyers of ONE of SHENTON way projects
did not exercise the options.Old report is around 10%.
Another project by fragrant harbour company also suffer.
Rumours 3:
Banks dunt like sub--sales and valuation below sub-sale
prices.
I repeat ,JUST Rumours.Dunt sue me. -
Pls lor, which estate kenna MUP more exciting lor.
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Must be a new policy from HDB and MBT.Originally posted by lionnoisy:Rumours 1:
Some of uncompleted/not yet started construction projects
have not been approved for sale.
Gov delay the sales?
Have they ever put on sale any of their properties before completion - or even before construction even started ?Rumours 2:
Rumours ? You maybe noisy but do you know where you are heading ?
Up to 40 % of buyers of ONE of SHENTON way projects
did not exercise the options.Old report is around 10%.
Another project by fragrant harbour company also suffer.
Over 30 : One Shenton options lapseRumours 3:
After 1997, will banks not be more cautious, when -
Banks dunt like sub--sales and valuation below sub-sale prices.
An owner of a S$800,000 condo, now worth S$480,000, looking to recoup his loss, said: “It’s okay if the buying goes a bit crazy; the sooner, the better.” - see referenced site : Singapore Property : Bubble – or opportunity?.
Why should you think anyone will even want to sue you when the truth of the matter is openly discussed ?
I repeat ,JUST Rumours.Dunt sue me.
It is a well-known fact that Singaporeans have got their CPF wiped clean when it is the Government controling pricing of land, building costs, and retail prices.
Why are prices of HDB units so highly priced if LAND is but only one component amongst all the other components to complete a house - whether single storey or multi-levels ?
With the supposed Economies of Scale in the HDB building projects, and using modern building technologies that allow the various pre-fab modular units for quick installations, HDB prices were supposed to come down.
Sand, cement, granite, steel bars, and other building materials are determined by market forces - throughout ASEAN, China, Japan and India.
Unfortunately, if we look at the comparison of HDB selling price from 1970s till 2000s, the prices have gone up and the physical liveable area has shrunk.
During 1970's a 3-Room 50 Sq M HDB unit was sold for S$15,000 AND it INCREASED by almost 10 times when the selling price for the same unit was marked at S$110,000 throughout 2000's.
A Malaysian 3-Room unit for the Malaysian low income group, one will find the Singapore HDB prices to be hopelessly atrocious. -
A freehold apartment in the East Coast is about $500,000 for a ~1200 sq feet. A HDB in Marine Parade can cost about the same.
There is something very wrong with this picture. -
Marine Parade???Originally posted by uluaman:A freehold apartment in the East Coast is about $500,000 for a ~1200 sq feet. A HDB in Marine Parade can cost about the same.
There is something very wrong with this picture.
That's a matured estate... It wun be surprising as it's considered re sale market -
There is nothing wrong with this picture... it is called profiteering. see: Property Prices Rise at our expense - By Andrew PK YapOriginally posted by uluaman:A freehold apartment in the East Coast is about $500,000 for a ~1200 sq feet. A HDB in Marine Parade can cost about the same.
There is something very wrong with this picture.
and
Public Housing - whose land is it anyway?
and others
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