Saturday, February 9, 2008
About this Blog
By: Anonymous
Posted: 18-10-2007
During the 1995 -1998 period, the same scenerio arise. Many people cant get the HDB flat. There was the ballot system and it is just like "ti-kam", 1 out of 8 can get to buy. Due to this flocked system, many people, including those who are not so keen buyer also join the Q, paying $10 as a ballot fee, when they get balloted, then they decide whether to buy or not. At that time, similar to now, many people were worried that they can get their flat, rushing in to buy. Govt see good demand, built even more flats, thus causing the mkt to change from over demand to over supply. Many were convinced that HDB prices will not fall, at that time, it has never fallen before. There were influx of hongkongers, indoesian, etc . then when the mkt adjusted itself with supplies from govt and developers, the price collapse.
Smart Buyers Collection: During the 1995 -1998 period, the same scenerio arise. Many people cant get the HDB flat...
Smart Buyers Collection is a collection of words of wisdom by various Singapore property watchers.By: Anonymous
Posted: 18-10-2007
During the 1995 -1998 period, the same scenerio arise. Many people cant get the HDB flat. There was the ballot system and it is just like "ti-kam", 1 out of 8 can get to buy. Due to this flocked system, many people, including those who are not so keen buyer also join the Q, paying $10 as a ballot fee, when they get balloted, then they decide whether to buy or not. At that time, similar to now, many people were worried that they can get their flat, rushing in to buy. Govt see good demand, built even more flats, thus causing the mkt to change from over demand to over supply. Many were convinced that HDB prices will not fall, at that time, it has never fallen before. There were influx of hongkongers, indoesian, etc . then when the mkt adjusted itself with supplies from govt and developers, the price collapse.
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The blogger here has been affectionately named by close allies as "Smart Buyer" but really, he's not smart. Smart Buyer just believes that being prudent is smart. That's the essence of the message of this blog and Smart Buyer hopes it'll benefit other property buyers.
Smart Buyer :)