Home buyers unfazed by loan curbs

(08-10-2012, 10:59 AM)freedom Wrote: I always wonder how many expats reside in Singapore. There seems to be a lot of private properties for them to choose.

wonder the coming private properties for investment is for whom? especially those suburban ones.

Base on un-official survey around me

Expats nowadays are getting local term, instead of expats term. So no fat subsidy for housing. Quite a number of them stay in HDB, instead of private.

I also observe quite a number of expats shifted out to HDB from my condo. Surprisingly new tenants are local (not sure i got it right ?)

Another group of tenants are oversea students with wealthy parents.

I do wonder the source of support for private rental? Yes, especially the suburban ones which not near any high-tech industrial park, Poly, Uni and international school?

(07-10-2012, 04:40 PM)CityFarmer Wrote:

(07-10-2012, 03:43 PM)corydorus Wrote: The best way i feel is to build more. Is all about demand and supply.

Yes, it is about demand and supply, but must be genuine demand and supply

Speculative demand should be curbed. No supply will able to meet that demand, and it is one way to disastrous.

Disastrous to who ? If supply has keep up with demand when FTs rushing in, we won't be having a discussion here.

Housing primarily is still for living in and not protecting speculators. So for those who drive the price out of greed, is just like stock market, you face the risks.

(08-10-2012, 01:54 PM)corydorus Wrote:

(07-10-2012, 04:40 PM)CityFarmer Wrote:

(07-10-2012, 03:43 PM)corydorus Wrote: The best way i feel is to build more. Is all about demand and supply.

Yes, it is about demand and supply, but must be genuine demand and supply

Speculative demand should be curbed. No supply will able to meet that demand, and it is one way to disastrous.

Disastrous to who ? If supply has keep up with demand when FTs rushing in, we won't be having a discussion here.

Housing primarily is still for living in and not protecting speculators. So for those who drive the price out of greed, is just like stock market, you face the risks.

Housing market is different from stock market due to its leverage.

Dow Jones index fall by half will make no serious harm to US citizen. That is all paid $, nothing to clean-up

A hard fall in hosing price has create a sub-prime crisis in US, which US government still cleaning-up after 3 years

Disastrous to who ? to everyone in Singapore if it happen

This is exactly we tried to avoid. Right now we are dancing on thin ice kicking the can down the road to protect a small interest groups of people.
If supply has kept up with demand, there is not much to clear up because most housing is for stay.

(08-10-2012, 02:26 PM)corydorus Wrote: This is exactly we tried to avoid. Right now we are dancing on thin ice kicking the can down the road to protect a small interest groups of people.
If supply has kept up with demand, there is not much to clear up because most housing is for stay.

That is exactly we are not in-line

The new rule is to protect the majority, not only on a small interest group

Supply is keeping up with (genuine) demand, while at the same time to curb speculative (false) demand.

(Genuine) demand met is no problem, but (false) speculative demand met can cause a problem if the demand disappear overnight.

(08-10-2012, 02:26 PM)corydorus Wrote: This is exactly we tried to avoid. Right now we are dancing on thin ice kicking the can down the road to protect a small interest groups of people.
If supply has kept up with demand, there is not much to clear up because most housing is for stay.

please provide any evidence showing that Singapore does not have enough housing for genuine demand(a roof over the head).

(08-10-2012, 02:48 PM)freedom Wrote:

(08-10-2012, 02:26 PM)corydorus Wrote: This is exactly we tried to avoid. Right now we are dancing on thin ice kicking the can down the road to protect a small interest groups of people.
If supply has kept up with demand, there is not much to clear up because most housing is for stay.

please provide any evidence showing that Singapore does not have enough housing for genuine demand(a roof over the head).

Ok just to make myself clear first, I am not pointing fingers at anyone.

But my question would be if anyone has evidence that Singapore has enough housing as of current and the forseeable projected future to accomodate the 6mil population we trying to acheive before 2016?

I can fully understand if someone tells me Singapore has plenty of land to build more. But I am not sure if the projected 27k HDBs and 30k+private properties (for next 2 yrs) would be able to accomodate the increase in pop the garment has bang its fist on table demanding for.

Of cos, in 2015, we will have crying Ministers on national TV again sobbing the people are the masters, the politicians are servants nonsense.

so far, I have not seen any genuine locals/PRs living on the street, or cry to his/her MPs for not being able to afford a HDB for his/her income.

so in a way, I believe there are enough housing.

Whether HDB is expensive or not is another matter. From what I see, HDB is more expensive than 10 years ago, but it is still affordable with current income.

(08-10-2012, 03:03 PM)arthur Wrote:

(08-10-2012, 02:48 PM)freedom Wrote:

(08-10-2012, 02:26 PM)corydorus Wrote: This is exactly we tried to avoid. Right now we are dancing on thin ice kicking the can down the road to protect a small interest groups of people.
If supply has kept up with demand, there is not much to clear up because most housing is for stay.

please provide any evidence showing that Singapore does not have enough housing for genuine demand(a roof over the head).

Ok just to make myself clear first, I am not pointing fingers at anyone.

But my question would be if anyone has evidence that Singapore has enough housing as of current and the forseeable projected future to accomodate the 6mil population we trying to acheive before 2016?

I can fully understand if someone tells me Singapore has plenty of land to build more. But I am not sure if the projected 27k HDBs and 30k+private properties (for next 2 yrs) would be able to accomodate the increase in pop the garment has bang its fist on table demanding for.

Of cos, in 2015, we will have crying Ministers on national TV again sobbing the people are the masters, the politicians are servants nonsense.

??????????????

(08-10-2012, 03:29 PM)freedom Wrote: so far, I have not seen any genuine locals/PRs living on the street, or cry to his/her MPs for not being able to afford a HDB for his/her income.

so in a way, I believe there are enough housing.

Whether HDB is expensive or not is another matter. From what I see, HDB is more expensive than 10 years ago, but it is still affordable with current income.

I get what you mean. You are right to say that and the scene of not having homeless citizens or PRs crying for shelters do have some clout to your statement.

Anecdotal evidence from friends and relatives however says that rental demand is somewhat high for properties within MRTs walking distance.

Strange though.. Can't get my head around this.

If we could have a statistical measure of the free capacity of rental properties within the market, then it would be a far better measure. Something like the ISM capacity utilization.