Home prices to slide this year: PropNex

The HDB is building lots of studio flats for the senior citizen. If not wrong, it was Mah Bow Tan's idea. They sold those flats to Singapore citizens over the age of 55 years old regardless of their status. The buyers have to pay upfront cash prices of those flats from 60K to 150K depending on locations. In Queenstown, a studio flat would cost as high as 150K. The buyers were given a 30 years lease and thereafter have to return the flat to HDB without a single cent back to them. In 30 years time the value of the flat or land in areas like Queenstown could rise by 10 times or even more. HDB would then refurbish those flats, and sell it for probably 1.5 million in 30 years time. The old folks don't get a single cent back. Is this a fair deal, think about that. Mah Bow Tan is indeed a wise man.

The truth is that home prices are not within reach of the majority of Singaporeans.

Why keep talking a Private Property when the majority (over 80%) of singaporeans are living in HDB???

Solve the exorbitant and ridiculous high prices of HDB FIRST then talk about private property for god sake!!!!!!!!!!

Don't bullish, my son at 24 cant even afford to buy one HDB flat at the moment if he intend to settle down now. Pay and Pay keep asking people to have more babies how?

Hi Mr Khaw Boon Wan, Can you please kindly look into the HDB resale valuation? The valuation prices is extremely high.

no point complaining and arguing.. the government is not listening to his own ppl...

Khaw Boon Wan holds the magic wand of the property market in Singapore, (esp. HDB flats)He knows the property market is now on the downhill and according to property gurus, the prices of properties in Singapore could drop by as much as 30 % within the next couple of years. So he stepped up the building programme of HDB flats with as many BTOs as possible all over the island. Most buyers are young couple paying prices as high as over half a million for a 4 room flat in estate like Queenstown. These young couples are going to be in housing debts for as long as they live. One on hand, Mr. Khaw would be appreciated by those couples in need of a flat and he protrays himself as a saviour of buyers, while on the other hand he is making tons of money for HDB, (the govt) before the property market slumped. A wise man indeed.

It was a 50% price increase compared to 1990 ' s , but a 5 % dip compared to 3 mths ago

Greedy pap flawed land policy. double income 30 year mortgages! is good governance?? will gen Y have $$ left in cpf for retirement?? in HCM city,t viet government give the land FREE.developers build n sell.profit margin is 12% MAXIMUM. this is our land.yet we paying around $3000 per sf ft for land cost for our HDB flat!

I am now trying to buy a resale 5 room flat in Tampines and the seller willing only to let go with COV of S$65,000 cause according to him a China PR couple have offer this amount but back out.
Reason for backout is that they need to pay for the lift upgrading.
Seller now only willing to listen to offer above S$60,000 COV only.
PR are the main culprit for the rising cost of HDB resale price.

property price has increased 80%+++ so what if it drops 30%??
funny

i bought my 5A @$115K when i was 25 in year 1990, but not for youngsters nowaday, some of them can't even afford a 3-room flat.

thanks $A$ for putting our next generation into deep shit!

It is in MIW selfish interest to inflate property price as they owned multiple private properties in Singapore. Furthermore with inflated property price, the stamp duty monie collected is unimaginable. Vote them out!

Home prices to slide this year , what about next year and after that ? . Truth is , it going to get worse before it gets better , for a long , long time . This what the property con-artist Guru conveniently choose to omit .

No affortable housing, no baby.

Becoming a state of Malasia, India or China, sooner or later.

Can the government implement that only true Singaporean are welcome to buy HDB, PR and FTs if want to make a living here are to purchase private housing. Why must we Singaporean shared our subsidize housing with those non Singaporean.

A house is a place to stay not a money earning tools. what and who lead this to be happen?

earning $5k/mth also not enough for a hdb if I'm staying with parents and supporting them...born to pay debts. Don't even dare to married.

STOP PRs fom buying HDB/EC please!!!!!!

No one seems to accept that Private and Public housing are linked!? When one goes up, the effects trickle into the other (despite whatever measure is put in place now).

Only 5% drop. Propnex is trying to shape expectations to keep prices high...

GREEDY PROPERTY DEVELOPERS HAVE SOLD US OUT! SHAME ON THEM FOR ADVERTISING NO RESTRICTIONS ON FOREIGN OWNERSHIP AND COMPANY OWNERSHIP. THEY ARE THE ONES WHO BROUGHT SPECULATION AND HIGH PRICES IN!