Property cooling steps working: Mah

• Clivebenss

  3 Apr 11, 11:23

  Apr 3, 2011 - Sunday Times

  Hopefully, the market will see a soft landing, says National Development Minister

  By Huang Lijie

  
  

  THE recent housing price estimates by government agencies suggest that its property cooling measures are moving in the right direction.

  National Development Minister Mah Bow Tan on Saturday called the estimates 'quite encouraging' as they reflect moderation of price rises for both the public housing and private property markets.

  He added that the Government is also starting to see a reduction in the volume of transactions and a continuing downward trend in cash-over-valuation (COV), or the median cash premium paid for a resale flat on top of its valuation.

  He said that COV went from about $30,000 in the third quarter of last year to about $23,000 in the fourth quarter. And in the first quarter of this year, it was between $20,000 and $21,000.

  He said: 'Hopefully, we will have a soft landing for prices. As I have said many times, we are not trying to crash the market. We are trying to achieve a soft landing for the market in keeping with the current economic fundamentals. That's beginning to happen.'

  The estimates, released last Friday, showed that resale Housing Board (HDB) prices rose 1.6 per cent in the first quarter of the year compared to the previous quarter. This is the lowest quarterly increase since the second quarter of 2009.

• Clivebenss

  4 Apr 11, 21:05

  really?

  

• gUms

  4 Apr 11, 21:20

  What a liar.... This goverment still think we are like the older generation, who just listen to them and accept what they are telling us...They can control the local media and its content, but you cant control the Internet... LONG LIVE THE WORLD WIDE WEB.

• Yellow Hornet

  15 Jun 11, 15:47

  Property market going to crush!!!! when going to have fire sales

• charlize

  15 Jun 11, 20:56

  Aiyo.

   

  Dig old thread out.

• Rock^Star

  15 Jun 11, 21:18

  刚��文新闻还播�讲shunfu rd 的房�已�以一百二�万的价格出售了。马矮�当时讲什么咚咚啊？？

   

• charlize

  19 Jun 11, 01:31

  Upz for people to reflect on HDB prices after the hoo ha over the 880K DBSS flat price.

   

  This article came out just 3 months ago.

• Clivebenss

  19 Jun 11, 11:59

  Originally posted by charlize:

  Upz for people to reflect on HDB prices after the hoo ha over the 880K DBSS flat price.

   

  This article came out just 3 months ago.

  "those are not HDB flats"... Khaw BW

  something in between like twilight zone.

  

   

• sbst275

  19 Jun 11, 12:02

  MBT let private bid as they want, design, develop and sell it.

  'free bidding'...

  wow

  Any case tat new DBSS bidding was done just bef GE

• Clivebenss

  19 Jun 11, 12:04

  squasi-govt.

  no wonder twilight zone.

  

• charlize

  19 Jun 11, 15:06

  Originally posted by Clivebenss:

  "those are not HDB flats"... Khaw BW

  something in between like twilight zone.

  

   

  It doesn't look like a HDB flat.

   

  It is not priced like a HDB flat.

   

  But it is listed in the HDB website as public housing.

   

  Go figure.