Red_Bean_Bun
Well-Known Member
Re: Minister Khaw Boon Wan likens ECs to buying " Lexus cars at Corolla prices "
Its not the new babies or the number dead people that cancels out the numbers.
its the new migrants.
Its not the new babies or the number dead people that cancels out the numbers.
its the new migrants.
allenrazak;945355 said:Yearly average 30,000 yearly newborn babies.... at least half or 15,000 would want to get married in their lifetime whether to citizens or foreigners that will require a new home to start a family so demand is constant. That excludes PRs and new citizens.
Unless 20,000+ homes are completed every single year, there will be a shortfall creating demand. So like previous six measures, it reduces the supply of resale properties. No wonder BTO sales to first timer shot up to 92% and ECs sell like hot cakes.
By making it harder for applying new loans and paying stamp duties, current property owners have little reason to sell unless really necessary or compelled by generous high offers.
Hard to bet on lower prices when demand is high and supply is low....
That's just my opinion so