Monday, June 16, 2008

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Home Buyers: Leg-up from Minister Mah Bow Tan

Reading in between the lines on HDB Market No Slowdown: Mah Bow Tan , I again sense the minister putting subtle pressure on developers to lower prices. "Those people who can afford to wait, they'll wait", said Mah Bow Tan.

His continuous assurance to home seekers of adequate HDB supply, I believe, has a lot to do with the huge buyers resistance we see currently in the property market, especially in the private property market.

Getting a leg-up from the minister, home buyers will not find themselves compelled to buying over-priced private properties. With the "real demand" taken care of the government, it's quite clear which side the standoff between buyers and sellers in the private property market will weigh against.

May also want to read:
History of Singapore Property 1960 to 2008
Buy or Not Buy: How to decide amid mixed market signals
Smart Buyers, 10 reasons to wait
Property Price Index Graph Plotter & Online Property Valuation


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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 :)