Property developer thwarts government cooling measures!
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haha!
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The way they keep propping up the price is amazing.
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Originally posted by charlize:
The way they keep propping up the price is amazing.
haha! -
far east is cash rich. even if offer reimbursement they still earn lots of dosh from their project. richest man in spore was the chairman and CEO of far east, ng teng feng, who passed away recently. his family is now the richest family in spore.
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its all in the equations...and we can include more variables to suppress the prices more....until a saturated point...
real estate is a game of finance
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its not rocket science. Far East wants to earn money and they have the cash to do it. how much does far east capture the market in spore? 60% at least?
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freehold, leasehold, whatever hold also the same lah.
if your fellow resident want to enbloc, you also lan lan have to enbloc along with them.
If government want your land to build expressways, you also lan lan have to kowtow to them and move out.
how many people actually managed to stay in the same unit until their lease runs out? And what happens after your lease runs out? Do you become homeless?
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Originally posted by deathmaster:
freehold, leasehold, whatever hold also the same lah.
if your fellow resident want to enbloc, you also lan lan have to enbloc along with them.
If government want your land to build expressways, you also lan lan have to kowtow to them and move out.
how many people actually managed to stay in the same unit until their lease runs out? And what happens after your lease runs out? Do you become homeless?
haha! -
thats for private properties.
its a free market. if Far East is willing to absorb the cost what can the govt do?
increase again and everyone will complain even more.
in the end only the govt is smiling.
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Originally posted by dragg:
thats for private properties.
its a free market. if Far East is willing to absorb the cost what can the govt do?
increase again and everyone will complain even more.
in the end only the govt is smiling.
haha! -
Why buy private when hdb can get million dollars?
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The developers would find ways to clear the condo units one...
But if they begin to try reinburse and offer vouchers, it tells something alrdy.
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Originally posted by sbst275:
The developers would find ways to clear the condo units one...
But if they begin to try reinburse and offer vouchers, it tells something alrdy.
I still think property prices will not drop.
The backlog demand is so bad that it will take 5 years to clear.
By that time, another 1 million new residents would have arrived and the whole crunch starts again.
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Originally posted by charlize:
I still think property prices will not drop.
The backlog demand is so bad that it will take 5 years to clear.
By that time, another 1 million new residents would have arrived and the whole crunch starts again.
you think it'll rise forever???
yah la it'll eventually rise, but at wat normalised rate over 10, 20 yr period?
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Originally posted by sbst275:
you think it'll rise forever???
yah la it'll eventually rise, but at wat normalised rate over 10, 20 yr period?
By the time it drops, your grandkids are already grandparents themselves.
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Originally posted by charlize:
By the time it drops, your grandkids are already grandparents themselves.
*faints*You gotta realise just who's driving the prices now.
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Originally posted by sbst275:
*faints*You gotta realise just who's driving the prices now.
Drive already and when it comes crashing down, all scatter and run away.
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Far East is my grandmother's mother's brother's grandchildren.
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They build your condo?
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Originally posted by mancha:
They build your condo?
nope, the summer condo is done by City Developments Ltd
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Times are bad.