View Full Version : MBT 2009:We were caught off guard but government can stop prices from growing
http://forums.hardwarezone.com.sg/showthread.php?t=3125817
http://www.youtube.com/watch?v=1gRokzgjoVA&feature=player_embedded
Fears of a property bubble forming saw the government introducing measures such as removing easy financing schemes to cool the private homes sector.
Although housing prices are set to rise next year, Mr Mah said the government is closely monitoring the situation and will take action, if necessary. For example, Mr Mah said more land will be released to developers if needed.
"In other words, I sell you a flat at fixed price, when you sell the flat, you have to sell it back to me also at a fixed price. In other words, you are not allowed to profit from the flat. There you can keep flat prices fixed."
Source: CNA 29 December 2009
He ignored property bubble warnings as early as 2009 before implementing 4 cooling measures just before elections.
He has the power to influence prices but did not.
Only elections forced his hand.
How many properties is he holding I wonder.
:beats-me-man: :beats-me-man: :beats-me-man:
Found this clip :
http://www.youtube.com/watch?v=RXW58kiXCHk&feature=related
How much is HDB profitting from resale levies ?
Have to be fair to MBT sometimes. He doesn't control the immigration numbers to support economic growth, ICA, EDB and other economic planning agencies do http://www.ica.gov.sg/page.aspx?pageid=64 , http://www.sedb.com/edb/sg/en_uk/index/about_edb.html etc
Have to be fair to MBT sometimes. He doesn't control the immigration numbers to support economic growth, ICA, EDB and other economic planning agencies do http://www.ica.gov.sg/page.aspx?pageid=64 , http://www.sedb.com/edb/sg/en_uk/index/about_edb.html etc
I think it can be use as excuse but very weak.
We citizens voted and empowered them with almost absolute power.
If the government ministers during cabinet meeting never talk to each other and coordinate and plan, whose fault it is suppose to be ? PMO's fault ??
The agencies never talk and walk as silos, which MNCs in the world allow such working pattern and business process ??
Remember, our leaders are highest paid in the world, we deserve some premium results and not just use mistakes associated with common people as excuses.
Then there is something wrong with their working style, if they cannot work with each other as government, then citizens should know.
Then we can vote in somebody who can plan and coordinate.
I think it can be use as excuse but very weak.
We citizens voted and empowered them with almost absolute power.
If the government ministers during cabinet meeting never talk to each other and coordinate and plan, whose fault it is suppose to be ? PMO's fault ??
The agencies never talk and walk as silos, which MNCs in the world allow such working pattern and business process ??
Remember, our leaders are highest paid in the world, we deserve some premium results and not just use mistakes associated with common people as excuses.
Then there is something wrong with their working style, if they cannot work with each other as government, then citizens should know.
Then we can vote in somebody who can plan and coordinate.
a top down "emperor" system is not the most efficient unlike wat some people claim it to be bcos the eunuchs will be vying against each other to gain favour with the emperor ...
Have to be fair to MBT sometimes. He doesn't control the immigration numbers to support economic growth, ICA, EDB and other economic planning agencies do http://www.ica.gov.sg/page.aspx?pageid=64 , http://www.sedb.com/edb/sg/en_uk/index/about_edb.html etc
You mean they don't have weekly cabinet meetings?
Weekly cabinet meetings they discuss about where the latest restaurants are instead of national issues?
Please la. Don't dumb us down.
He ignored property bubble warnings as early as 2009 before implementing 4 cooling measures just before elections.
He has the power to influence prices but did not.
Only elections forced his hand.
How many properties is he holding I wonder.
:beats-me-man: :beats-me-man: :beats-me-man:
I bet most of them own multiple properties haa haa. Who knows MBT could be in this forum as well looking for the latest launch haa haa :rolleyes:
You mean they don't have weekly cabinet meetings?
Weekly cabinet meetings they discuss about where the latest restaurants are instead of national issues?
Please la. Don't dumb us down.
U can't juz pt e finger at him. There r several other ministers, including e senior civil servants who din do their sums properly n provide e proper advice.
errr... most of us are property owners here....
why exactly are we unhappy that prices are rising:beats-me-man:
TS has an agenda. That's the purpose of this thread !
"In other words, I sell you a flat at fixed price, when you sell the flat, you have to sell it back to me also at a fixed price. In other words, you are not allowed to profit from the flat. There you can keep flat prices fixed."
The above action is call "Hedging" it will encourage speculator to secure at fixed rate and later sell it to public at premium in a rising market condition. I like that idea of hedging, Can speculate and earn More.But if market downturn probably is better to defalut then to take the bullet....Great news..
devilplate
06-03-11, 23:30
ppty prices in line with inflation figures anot? let say from 1995 till now.....inflation win or ppty price win?....or ppty price jus on par with inflation?
anybody got the actual figures?
http://forums.hardwarezone.com.sg/showthread.php?t=3125817
.or example, Mr Mah said more land will be released to developers if needed.
"In other words, I sell you a flat at fixed price, when you sell the flat, you have to sell it back to me also at a fixed price. In other words, you are not allowed to profit from the flat. There you can keep flat prices fixed."
Source: CNA 29 December 2009
How likely is the govt going to implement this? If so, nobody can make money from technically "buying lease" from HDB anymore.
TS has an agenda. That's the purpose of this thread !
There you go again.
Everyone has agenda except you and government.
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