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Thread: 2011 National Day Rally Speech

  1. #1
    Newbie

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    Default 2011 National Day Rally Speech

    HDB income ceiling raise to 10K
    EC income ceiling raise to 12K

    How will this impact the Mass Market condo?

  2. #2
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    Quote Originally Posted by Jadey
    HDB income ceiling raise to 10K
    EC income ceiling raise to 12K

    How will this impact the Mass Market condo?
    CCR and OCR prices should continue to move up while OCR prices should remain or weaken in my opinion.

  3. #3
    Junior

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    this will drive demand to hdb side even more.
    HDB price will continue to go up then. IF hdb price goes up, mass market can at least maintain...

  4. #4
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    Quote Originally Posted by Lovelle
    this will drive demand to hdb side even more.
    HDB price will continue to go up then. IF hdb price goes up, mass market can at least maintain...
    mass market may continue to inch up, especially those better locations

  5. #5
    Junior

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    Quote Originally Posted by Jadey
    HDB income ceiling raise to 10K
    EC income ceiling raise to 12K

    How will this impact the Mass Market condo?
    New private prop must be priced at a higher gap than ECs.

    Government enticing buyers to go in EC segment to soak up demand.

    This addresses citizens' demand on income ceiling and also prompt developers to pause mass mkt launches in mean time.

    In short, those who bought new private props in last six mths at close to EC prices will benefit as new private mass mkt props should command a higher gap/premium.

    However, we might be seeing the last of new mass mkt launches with this measure as buyers seep into ECs.

    Whoever wants to buy new private prop will need to buy from existing launches who will steadily raise prices. Their way of attracting buyers will be through furniture discount vouchers or rebates to create price differentiation from EC segment yet maintaining the premium over ECs.

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