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13-08-2013, 01:30 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
Dr Ng: Prices for Toa Payoh flats will likely go up (http://www.tremeritus.com/2013/08/11/dr-ng-prices-for-toa-payoh-flats-will-likely-go-up/)
http://images.dmca.com/Badges/dmca_protected_sml_120n.png?ID=f11d7371-0ef1-483b-888a-04e8d2ba2e94 http://www.tremeritus.org/wp-content/themes/WP_010/images/PostDateIcon.png August 11th, 2013 | http://www.tremeritus.org/wp-content/themes/WP_010/images/PostAuthorIcon.png Author: Editorial (http://www.tremeritus.com/author/editorial/)
http://www.tremeritus.org/wp-content/uploads/2012/09/ngengheng.pngMinister of Defence Ng Eng Hen
Speaking at a National Day dinner celebration today (11 Aug) in Bishan-Toa Payoh GRC, Defence Minister Ng Eng Hen who is an MP for the GRC, urged residents of Toa Payoh Central not to sell their flats “unless they have to”.
He said homes there may fetch a high selling price than homes elsewhere, but it will be hard to find a replacement, given its central location and accessibility.
He said, “One is, if you sell your home from Toa Payoh, I worry that you are going to find it hard to find a replacement home that’s better than Toa Payoh with the same amount of money.”
“Second, I think that more likely than not, the prices of homes in Toa Payoh will go up. Why? Because if you look at the map, Toa Payoh is in the centre.”
“North, south, east, west, whatever you build – roads and MRT – sooner or later they will have to cross Toa Payoh. That is why transportation is so easy here.”
Following are some transacted prices for Toa Payoh HDB flats in July 2013 (taken from HDB website):
3-room HDB
http://www.tremeritus.org/wp-content/uploads/2013/08/tpy1.jpg
4-room HDB
http://www.tremeritus.org/wp-content/uploads/2013/08/tpy2.jpg
5-room HDB
http://www.tremeritus.org/wp-content/uploads/2013/08/tpy3.jpg
Strangely, to curb the relentless rise of property prices, Deputy Prime Minister (DPM) Tharman cum Finance Minister has initiated 8 rounds of property cooling measures, but Dr Ng is still confident that the prices of flats will continue to go up, at least for Toa Payoh.
Maybe Defence Minister Ng knows something which DPM Tharman doesn’t?
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?159644-Bargain-Hen-Prices-for-Toa-Payoh-flats-will-likely-go-up&goto=newpost).
Dr Ng: Prices for Toa Payoh flats will likely go up (http://www.tremeritus.com/2013/08/11/dr-ng-prices-for-toa-payoh-flats-will-likely-go-up/)
http://images.dmca.com/Badges/dmca_protected_sml_120n.png?ID=f11d7371-0ef1-483b-888a-04e8d2ba2e94 http://www.tremeritus.org/wp-content/themes/WP_010/images/PostDateIcon.png August 11th, 2013 | http://www.tremeritus.org/wp-content/themes/WP_010/images/PostAuthorIcon.png Author: Editorial (http://www.tremeritus.com/author/editorial/)
http://www.tremeritus.org/wp-content/uploads/2012/09/ngengheng.pngMinister of Defence Ng Eng Hen
Speaking at a National Day dinner celebration today (11 Aug) in Bishan-Toa Payoh GRC, Defence Minister Ng Eng Hen who is an MP for the GRC, urged residents of Toa Payoh Central not to sell their flats “unless they have to”.
He said homes there may fetch a high selling price than homes elsewhere, but it will be hard to find a replacement, given its central location and accessibility.
He said, “One is, if you sell your home from Toa Payoh, I worry that you are going to find it hard to find a replacement home that’s better than Toa Payoh with the same amount of money.”
“Second, I think that more likely than not, the prices of homes in Toa Payoh will go up. Why? Because if you look at the map, Toa Payoh is in the centre.”
“North, south, east, west, whatever you build – roads and MRT – sooner or later they will have to cross Toa Payoh. That is why transportation is so easy here.”
Following are some transacted prices for Toa Payoh HDB flats in July 2013 (taken from HDB website):
3-room HDB
http://www.tremeritus.org/wp-content/uploads/2013/08/tpy1.jpg
4-room HDB
http://www.tremeritus.org/wp-content/uploads/2013/08/tpy2.jpg
5-room HDB
http://www.tremeritus.org/wp-content/uploads/2013/08/tpy3.jpg
Strangely, to curb the relentless rise of property prices, Deputy Prime Minister (DPM) Tharman cum Finance Minister has initiated 8 rounds of property cooling measures, but Dr Ng is still confident that the prices of flats will continue to go up, at least for Toa Payoh.
Maybe Defence Minister Ng knows something which DPM Tharman doesn’t?
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?159644-Bargain-Hen-Prices-for-Toa-Payoh-flats-will-likely-go-up&goto=newpost).