Thursday, July 09, 2009
Post no. 779
"Prices of HDB resale market stable for now
By Asha Popatlal, Channel NewsAsia
Posted: 08 July 2009 2328 hrs
.
.
:
Although HDB resale prices have risen in the last quarter, Mr Mah said there is no real cause for concern for now as long as there are no wild fluctuations in price movements and flat prices remain affordable. "
Mr Mah,
Affordable is obviously relative to each individual.
A chap on the street earns 5K (most of us wish we earn 5K a month but im doing this so that your comments do not look any more irresponsible than you already are) would have to buy a flat that cost 270K in ulu Sengkang or a 500K flat in prime locations like Redhill and Queenstown.
Even if we do not take into consideration interest rates and inflation/deflation.
The 270K flat would take 22 years to pay off while the 500K flat would take 40+ years to pay off if we come up with a 1K payment per month.
Most of us dont even save that much when we are a swinging bachelor! How are we expected to do that when we have a family?
Is that affordable? Definately if we earn 1.2 million a year like some of us residing in this country.
Talk is cheap.
Regards
Still a PAP supporter
Updated:
I was thinking... The HDB prices are higher than they ever been and my leaders are saying that they are stable/cheap.. its obviously incoherent.
So..
Is there something that my leaders are trying to tell me?
I can only guess they meant that i should be looking at private properties..
How much do you think you can save in a year?
Regards
By Asha Popatlal, Channel NewsAsia
Posted: 08 July 2009 2328 hrs
.
.
:
Although HDB resale prices have risen in the last quarter, Mr Mah said there is no real cause for concern for now as long as there are no wild fluctuations in price movements and flat prices remain affordable. "
Mr Mah,
Affordable is obviously relative to each individual.
A chap on the street earns 5K (most of us wish we earn 5K a month but im doing this so that your comments do not look any more irresponsible than you already are) would have to buy a flat that cost 270K in ulu Sengkang or a 500K flat in prime locations like Redhill and Queenstown.
Even if we do not take into consideration interest rates and inflation/deflation.
The 270K flat would take 22 years to pay off while the 500K flat would take 40+ years to pay off if we come up with a 1K payment per month.
Most of us dont even save that much when we are a swinging bachelor! How are we expected to do that when we have a family?
Is that affordable? Definately if we earn 1.2 million a year like some of us residing in this country.
Talk is cheap.
Regards
Still a PAP supporter
Updated:
I was thinking... The HDB prices are higher than they ever been and my leaders are saying that they are stable/cheap.. its obviously incoherent.
So..
Is there something that my leaders are trying to tell me?
I can only guess they meant that i should be looking at private properties..
How much do you think you can save in a year?
Regards
# posted by 好人 @ 7:43 AM 
