Originally Posted by
Arcachon
The valuation is not stupid, it is correct.
The valuation reflect the market willing to buy and sell.
They use to have stupid HDB valuation which is control by HDB.
1995 when I was selling my 4 Room HDB at Kim Keat Ave, my HDB valuation was SGD 195,000 and I sold my unit for SGD 285,000. This is call Stupid Valuation.
Now HDB have allow HDB resale at market value, you just need to wait and see how HDB resale going up, soon it will be psf instead of Total value.
Presently the value is not going down because it is controlled by Control Measure by MAS and not due to oversupply, under demand, economic crisis, Job losses etc.
Remove all the CMs and the valuation is too low.