HDB upgraders staying away
There is a widening gap between resale prices of private property and public housing despite the record HDB prices seen lately.
An article in The Business Times today pointed out how the gap between private resale prices and HDB prices have been widening, with DTZ executive director Ong Choon Fah reminding everyone that HDB upgraders will be staying away as there is little incentive to upgrade. So if you are an agent, it is time to head upsteam to Districts 9, 10, 11, 2, 4, and 21. And if you are a would be HDB upgrader, hey...it isn't so bad in a HDB anyway.
(Image source: The Business Times)
But looking at the very interesting chart above from The Business Times, does anyone else notice that the last time there was such a wide margin between private and HDB prices it was during the epic '99 property boom/bust? Is this perhaps a sign that the private property market has outpaced basic fundamentals (price resistance from everyday folks), or is it just a matter of time that HDB prices will play catch up in this brand new world class city?
Love your thoughts here.
Read the full article via The Business Times - Fall in HDB upgraders' private home purchases
An article in The Business Times today pointed out how the gap between private resale prices and HDB prices have been widening, with DTZ executive director Ong Choon Fah reminding everyone that HDB upgraders will be staying away as there is little incentive to upgrade. So if you are an agent, it is time to head upsteam to Districts 9, 10, 11, 2, 4, and 21. And if you are a would be HDB upgrader, hey...it isn't so bad in a HDB anyway.
(Image source: The Business Times)
But looking at the very interesting chart above from The Business Times, does anyone else notice that the last time there was such a wide margin between private and HDB prices it was during the epic '99 property boom/bust? Is this perhaps a sign that the private property market has outpaced basic fundamentals (price resistance from everyday folks), or is it just a matter of time that HDB prices will play catch up in this brand new world class city?
Love your thoughts here.
Read the full article via The Business Times - Fall in HDB upgraders' private home purchases
Posted on 21-01-2010 15:43 | By Francis
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