HDB Prices Fall Most Likely Due to Sinkie Xenophobic Attitude!

[Sammyboy RSS Feed]

An honorable member of the Coffee Shop Has Just Posted the Following:

Quote:
HDB resale flat prices fell by 6.1 percent last year, SRX Property said in flash figures yesterday. Non-mature estates such as Punggol and Sengkang saw fastest drops by 8.3 percent whereas mature estates like Queenstown and Bishan fell slower, by 3.1 percent.



Also, more resale flats were sold last year, at 15,914 as compared to 14,220 in 2013.

It is expected that as prices continue to fall this year that more resale flats might change hands.

SRX also said that prices declined by 0.4 percent last month which was a 11th straight month drop and saw prices reaching a 41-month low.

Prices fell mainly for four- and five-room flats, where prices fell 0.7 and 0.3 percent respectively.

Three-room flat prices remained the same and executive flat prices actually saw prices increase by 1.8 percent.

Experts said that it is expected that flats in mature estates have more staying power.

"In a market with falling prices, the focus is back on market fundamentals... Buyers are willing to pay for flats with good location attributes," OrangeTee director of research Christine Li told The Straits Times.

There were fewer flats sold in December last year, or 1,295 flats as compared to 1,350 in November. However, it is still 28 per cent higher than the 1,012 flats sold in December 2013.

"We could possibly expect similar transaction levels for January and February 2015 and the pace may pick up only from March, after the Chinese New Year festivities," ERA Realty key executive officer Eugene Lim added.

According to ERA Realty and OrangeTee, they expect prices to fall by 5 percent to 8 percent for the whole of this year.

Mr Ong expects that prices will fall by 4 percent in the first half of this year. However, if the cooling measures are not relaxed, prices will then stagnate thereafter.

The government has recently changed the HDB Resale Price Index to include 3-room flats and non-mature estates.

Critics are saying that with the change of the index, it is likely that resale prices will be driven down faster than they used to, as non-mature estates have seen faster price drops.

However, with the change of the index, it would make it more difficult to compare price changes over the years.

http://therealsingapore.com/content/...s-fell-61-2014

If sinkies chase away foreigners like Pinoy Edz, all hell would break loose. Foreigners will begin to leave, potential investors will think that sinkie is like KKK-land and stay away. We must embrace foreigners, assure them that NS is only for citizens and [good] jobs are for foreigners. I hope our gahmen would increase tertiary education grants for foreign students, to encourage them to study, find job, bang some sinkie woman and sink roots here.


Click here to view the whole thread at www.sammyboy.com.