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Thread: Discussion : How will results at Singapore General Elections Affect Housing Prices ?

  1. #1
    Junior

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    Default Discussion : How will results at Singapore General Elections Affect Housing Prices ?

    As title thread.

    I do not think housing prices will be greatly affected regardless of any results at the elections.

    This is because of the great rise in housing prices recently already happened.

    It should remain at plateau level for awhile regardless what happen at GE.

    Besides URA and HDB town planning will still continue no matter what result it will be.

    ICA immigration plans will still continue no matter what result it will be.

    I do not see any changes even if present government win or lose more seats than previous elections.

    What are your thoughts ??

  2. #2
    Junior

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    there will be more houses/apartment and more FT buying houses.

    For investment view point, its no longer like the golden days where just buy new launches, seat there and huatx3. Investor got to do more work and find gems within a vicinity and know the layout well to gain the best returns.

  3. #3
    Newbie

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    Previously the neighborhood usually have predictable growth/changes over the years. Now when you buy a condo with nice view, the next thing you would know, a few landed houses your house is facing might get en-bloc for a development that will tower over you...

  4. #4
    Junior

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    it is the vocal minority who are complaining about increasing FWs and increasing property prices.

    You are all property owners but you have keeping mum about the need for FWs to increase so that rental can go up, yield goes up, and price of property goes up again.
    Unfortunately I am not Singaporean, so my words have no weight.

    AGM over. Management doesn't have to give 2 hoots to the shareholders. Damn all those shareholders with all their silly questions. Next time, before AGM, give them more delicious food, until they are full and all the blood goes to the stomach instead of to the brain during Q & A time.
    Better still, employ SYT so that even more blood goes to the nether regions and stomach, and none to the brain, make them full and fool.

  5. #5
    Junior

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    govt will surely target further measures to stabilise public housing after sleeping on the job for the past 4 yrs

    probably some impact on private pty market but not as much

  6. #6
    Senior

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    Quote Originally Posted by august
    govt will surely target further measures to stabilise public housing after sleeping on the job for the past 4 yrs

    probably some impact on private pty market but not as much
    i feel there will be more measures


    govt has been very lenient .. only becos of GE ..they dont want to rock the boat ( votes)

    spore has been lagging compared to the other countries like china/HK/Taiwan/korea ..

  7. #7
    Junior

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    Quote Originally Posted by august
    govt will surely target further measures to stabilise public housing after sleeping on the job for the past 4 yrs

    probably some impact on private pty market but not as much
    you sure they are sleeping?
    Not a deliberate action on their part?
    Sleeping on the job is a more forgivable action. Deliberate increase immigration and build less HDB is not a political wise action. So how can they admit?
    Any JC economics can tell you about demand supply equation. More demand for housing together with less supply available equates to price move up.

    Orchard Road flooding is sleeping on the job.

  8. #8
    Junior

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    Quote Originally Posted by proud owner
    i feel there will be more measures


    govt has been very lenient .. only becos of GE ..they dont want to rock the boat ( votes)

    spore has been lagging compared to the other countries like china/HK/Taiwan/korea ..
    It is good that you mentioned about Singapore lagging introducing more measures. If China/HK/Taiwan/etc has introduced those measures, won't Singapore government has political cover - as in look people, other countries has already introduced, so we also introduced more stringent measures to control runaway property prices. Using that as a political cover would mitigate any repercussions from a slight drop in property prices. people still vote in coming GE.
    Afterall, when other countries raised their insurance payout platform for bank deposits, Singapore also raised from 20k to 200k? They gave the reason that other countries has implemented, if don't implement, funds would go to other countries that has blanket guarantee or higher payouts in case banks failed.

    According to SM Goh, foreigner's are buying only air space. Money into real property cannot be taken out easily. More foreigners buying is good for Singapore. Sucking up all the funds.

  9. #9
    Junior

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    Quote Originally Posted by proud owner
    i feel there will be more measures


    govt has been very lenient .. only becos of GE ..they dont want to rock the boat ( votes)

    spore has been lagging compared to the other countries like china/HK/Taiwan/korea ..
    Wat r the chances the present policies are to bring in more of those $$$$? It certainly looks like that to me

  10. #10
    OCR properties going to crash!

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    What other countries are doing does not mean Singapore has to do it as well. If Singapore Govt always do same way as others, Singapore is already dead, no prosperity we are seeing today. It is short-sighted to target demand side measures for properties (they have learned this lesson since 1997), so Singapore target supply side measures, which is really clever move. Let the money come in never mind, they sell more land, build more properties to soak up the money. Because of the increased supply, prices of private properties will go up but not so much too quickly to achieve more sustainable growth over longer period of time (same for HDB flats but that one they are more concerned over price increase). Because there is no capital control, no demand side measure, coupled with super low housing loan interest rates and prospects of further S$ appreciation (convert to S$ and wait for appreciation also makes money, esp from US$), foreigners will be more comfortable bringing more money in to Singapore from overseas but these will be invested, and the Govt's target should be to direct these money to invest in properties which are less liquid and hence will not cause so much forex fluctuations and sudden outflow of capital as well in future. They are the biggest winners in terms of revenue collection!

    Property prices up no good? Who said so? That small <10% people, the very VOCAL ones, waiting to buy properties and cow-pay cow-bull or the >90% already owning properties (but so far remains silent)? Is the <10% votes more important to them in the GE or the >90% votes? Regardless of GE or not, I believe their strategy so far has been well calibrated, that <10% hoping to buy cheap cheap, well, fat-hope for now! That commie can go and wait at the WC?

    Quote Originally Posted by proud owner
    i feel there will be more measures


    govt has been very lenient .. only becos of GE ..they dont want to rock the boat ( votes)

    spore has been lagging compared to the other countries like china/HK/Taiwan/korea ..
    Last edited by teddybear; 11th January 2011 at 08:12 AM.

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