Prices of property – private or public has continued to increase despite various measures implemented by the government.. The people from Redas have been making a lot of noise about the government’s curb on property. They are warning of dire consequences should the government increases the curbs. What dire consequences? And to whom? Redas warned that quote “decline in property prices might lead to “undesirable consequences” as 90 of Singaporean households are homeowners”. Really? How? I am a HDB flat owner. As far as I am concerned, it does not matter what my unit will fetch. So what if its goes up to a $1m. Can I cash in on it, sell it and buy a similar size unit for less and keep the profits? Can I go to the bank and take out a loan on the value of the property? The truth is unless I am prepared to downgrade, whatever value my property appreciate to is of no use to me. What if it goes down then? Obviously if I sell it, I may loose some money but if I stay put, does it really...
Oops, sorry to hear this so just hope this weekend would be a better fruitful one bonding with family members.
ReplyDeleteHappy New Year 2010 Koh !! Cheers!!
Hi Shiong, this weekend I will be at MacRitchie supporting a friend in a fund raising for the President Challenge. Come down with your family if you are free.
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