Buyers feel that properties are now more affordable, thanks to the cooling measures introduced by the Government in August, according to the latest survey by real estate listing portal propertyguru.com.sg.
But most respondents to the survey also felt that more could be done to control prices of Housing and Development Board (HDB) flats. One of the things that came out in terms of the most recent research findings was that people still think that HDB is expensive.
The Ministry of National Development said this week that the effects of the cooling measures would continue to sink in through the next one to two months.
Cash over-valuation premiums for HDB resale units had already slipped to $22,000 last month from $35,000 in October.
The Government appeared to be monitoring the situation closely and more cooling measures could be effected if necessary.According to Urban Redevelopment Authority data, growth in property prices slowed to 2.9 per cent in the third quarter, compared with 5.3 per cent in the previous one.
Analysts believe home prices could rise by 10 per cent next year, led by the luxury segment. But HDB prices would rise at a marginal 5 per cent due to the cooling measures.
The article appeals to me because HDB flats are now expensive due to high standard of living in Singapore.
I have a question to ask, how can we improve our standard of living by not increasing the prices for HDB flats as Singaporeans are struggling with the economy.
If i am in charge, I would ensure that the prices for HDB flats are affordable so that Singaporeans are managed to pay the HDB flats by cash or CPF.
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