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15-11-2010, 02:46 PM
Hi Ben Bro,
On hindsight, Lim Hng Kiang was probably doing the right thing by overbuilding the flats. haha.
For the ten years period, the HDB price stayed almost constant with a slight down trend. The ten year period gave the chance for the salary of the Singaporeans to catch up with the flat prices.
During the period, I heard some Singaporeans were complaining that their flats' valuations were below their purchase price but most newly wed couples could easily afford a good size apartment.
Of course, when Mah Bow Tan took over, the no. of flats being built was reduced drastically. Too drastic I would say.
If HDB has that kind of surplus flats now, I doubt the price of HDB flats will go up so much.
On hindsight, Lim Hng Kiang was probably doing the right thing by overbuilding the flats. haha.
For the ten years period, the HDB price stayed almost constant with a slight down trend. The ten year period gave the chance for the salary of the Singaporeans to catch up with the flat prices.
During the period, I heard some Singaporeans were complaining that their flats' valuations were below their purchase price but most newly wed couples could easily afford a good size apartment.
Of course, when Mah Bow Tan took over, the no. of flats being built was reduced drastically. Too drastic I would say.
If HDB has that kind of surplus flats now, I doubt the price of HDB flats will go up so much.