Singapore property price by mkt forces? my foot!

[Latio2005A]

Auction have minimum reserve price. nothing wrong. u mean if u only bidder with $1, the bank also must sell to u?

The question is: what is the reserve price? SLA or URA never wanna reveal is the problem!

[Without_a_car]

The question is: what is the reserve price? SLA or URA never wanna reveal is the problem!

 

cannot reveal... people will find out how hard the government want to "squeeze" the people

[Joseph22]

The question is: what is the reserve price? SLA or URA never wanna reveal is the problem!

its was always reveal in the pass tenders for residential plot.

 

the only thing is, there is one more clause which ppl dont know.

 

if there are too few tender. the tender is cancel.

Edited November 6, 2011 by Joseph22

[Old-driver]

The question is: what is the reserve price? SLA or URA never wanna reveal is the problem!

100% agree... state reserve price would be the best option. If not, it should go to the highest bidder, even if there's only ONE

[Viceroymenthol]

May i say that if singapore property, including HDB, is priced according to true market forces like HK used to, many of you will only be able to afford the rent and not buy. Even if can afford to buy, can only buy a tiny apartment for your whole family.

 

I guess people who complain don't really appreciate what real market forces can do to you.

[SimonTan]

With this news. I am embolden!!

All Singaporeans can go buy second properties!!

There is no way in hell the authorities will let go of land at cheaper prices.

Thereby confirmed plus chop that the only way is up up away!

Market demand and supply? The authority control the supply!

 

Just went to see the Hillview shopping center open house......solid.

Makes me want to invest in a property nearby.

 

 

[Latio2005A]

Mr simon, what is the Psf for the Hillview project huh? Just curious. Tks

[Relacklabrudder]

May i say that if singapore property, including HDB, is priced according to true market forces like HK used to, many of you will only be able to afford the rent and not buy. Even if can afford to buy, can only buy a tiny apartment for your whole family.

 

I guess people who complain don't really appreciate what real market forces can do to you.

 

 

Then it should not be called as HDB flats or public housing . No mop, no 99 yr lease etc kinda restriction impose by public housing, also garmen cannot suka suka wan upgrade it near GE

 

[Zniper]

no transparency for everything they do... it's always the case...

but hor, nobody dares to standup and voice up???

[Yeshe]

Of course, we bid above the min price lah.

 

did they tell u the reserve price?

[Scb11980]

land is cash cow for government

is it their reserve to prop up GDP to ensure big bonus

just in case all else fail

[Pedigree]

Mah says low prices is like raiding the reserves...

 

High prices is like fattening our treasury reserves but raiding every individual's retirement reserves.

[Maroon5]

wahahaha!! someone kena low balled!!!

[Without_a_car]

High prices is like fattening our treasury reserves but raiding every individual's retirement reserves.

 

When the citizenry are made debt slaves, it's easier to control them. Why would you want to work until 65 if you can retire at 55, unless you have a huge mortgage. A indebted citizen is a good citizen.

[Maroon5]

When the citizenry are made debt slaves, it's easier to control them. Why would you want to work until 65 if you can retire at 55, unless you have a huge mortgage. A indebted citizen is a good citizen.

 

i would only say the world is much much bigger than singapore. hint hint la

[Without_a_car]

i would only say the world is much much bigger than singapore. hint hint la

 

same philosophy as indebted nations and sovereign debt

[Maroon5]

same philosophy as indebted nations and sovereign debt

 

wat same? nations can sell their HDB cash out CPF and migrate?

[Without_a_car]

wat same? nations can sell their HDB cash out CPF and migrate?

 

depress prices and buy up the entire country