Enough homes for all, says Khaw
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SINGAPORE: National Development Minister Khaw Boon Wan says "plenty" of housing units are coming on stream, with about 200,000 units to be built by 2016.
Of these, about 80,000 are private properties, 10,000 are Executive Condominiums and 110,000 are HDB units.
Mr Khaw said this is equivalent to the building of four new Ang Mo Kio towns by 2016.
He made the comments in a blog post, "Enough Homes for All", on Friday.
Mr Khaw believes supply in the property market will catch up with pent-up demand -- in two, three or four years.
He pointed out that the market is temporarily not in balance because of under-building in the past and high investment demand today.
Turning to the package of measures introduced last week to cool the property market, Mr Khaw called it a necessary move.
He said doing nothing would be to allow prices to run beyond economic fundamentals.
This would only invite a large and serious price correction in the future and will not do anyone any good.
Mr Khaw said the package was carefully formulated to protect first-timers.
He noted that investors buying additional properties may be disappointed, but he hopes they will accept that the package will also be good for them.
He also advised those contemplating buying a property to be prudent.
They must bear in mind the fact that the current low interest rate is unusual, and be aware that normal high interest rate will return in time to come.
- CNA/ir/al -
siao one, one time say not enough build more, now enough. making news arh? what about our property taxes? no sale no rent also must tax? how like that can answe that?
or should we stay in JB andcum spore work?
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Enough homes?
People don't have enough money to buy?
Khaw, are u going to sell cheaper flats with good standard?
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yeah, enough
ppl cannot afford nia mah
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To add to the problem.
these days situation is such that 2 years once or few years once we face financial crisis. as such people will be retrenched and so on . . . . . this makes buying flats and ability to continue to pay housing loan tougher compare to during our parents' time.
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High interests rates faster come... I am waiting for opportunities... =)
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Now got reports saying the target population will be adjusted to 7 million.
No wonder they are building so many flats now.
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http://singaporenewsalternative.blogspot.sg/2013/01/singapore-population-target-raised-to-7.html
This is hot news.
Every forum I go to all talking about it.
Damn scary.
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so free ah
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free can go and beo hairy legs.
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Originally posted by FireIce:
so free ah
Don't suan me leh.
I just woke up from nap.
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If 5 million, have to cramp into MRT with no standing space, imagine 7 million, probably miss 5 - 10 straight mrt carriages before you can board.
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Originally posted by charlize:
If 5 million, have to cramp into MRT with no standing space, imagine 7 million, probably miss 5 - 10 straight mrt carriages before you can board.
They should allow people to go on top of the train, like in India. -
khaw is looking more and more stressed o.0
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Originally posted by SG.AdultsCircle.com:
They should allow people to go on top of the train, like in India.
why must be like india?
are you from india? -
Originally posted by Angjaydyn:
why must be like india?
are you from india?
no i am local chinese but the first thing that came to my mind of an overloaded train is a picture something like this...
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Originally posted by SG.AdultsCircle.com:
no i am local chinese but the first thing that came to my mind of an overloaded train is a picture something like this...
of all things, no!!! -
Originally posted by Clivebenss:
free can go and beo hairy legs.
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Originally posted by SG.AdultsCircle.com:
no i am local chinese but the first thing that came to my mind of an overloaded train is a picture something like this...How to for that tohappen in sg?
Most of the time the MRT travel underground..........
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Next time, maybe mrt fares are $20 per trip.
Only those who can afford it take the mrt.
Times are bad.
population 7 milion is no joke.
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jiak lat
why more and more jialat???
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200,000 new flats can squeeze another 1 million more people, assuming 5 per flat.
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we must keep voting them oout of the seats and constituencies. like that see how many more million population they wanna add again? and are you sure those half more millions are good worthy immigrants? or cheap labors again?
like that need HDBs? build more makeshift dormitories lah!
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Originally posted by charlize:
Times are bad.
You should trademark "Times are bad.". You always use it. -
enough money to survive till the day we die more important.