A HDB maisonette in Bishan sold was sold for nearly $1 million.
http://www.tremeritus.com/2012/09/08/bishan-maisonette-sold-for-record-980k-bought-by-new-citizen-and-her-prc-father/
This should be a personal matter between the buyer, who can afford to pay the price, and the seller, who pockets a hefty capital gain. It should not bother the rest of the people, IF our government has adopted the correct economic policy.
The flaw is in our government policy to link the price of new HDB flats to the resale market. This bad policy can be changed. And, if it is changed, things will be so much better.
Let us see what should be a better policy. If the Government prices new HDB flats based on the mean income of the citizens, and a new 4 room flat cost say $250,000, it should more than meet the cost of construction and land (based on its holding cost). The public would be able to afford these flats and would be happy if the sellers can fetch a high price!
I call on the Government to adopt a new approach to price new HDB flats.
http://www.tremeritus.com/2012/09/08/bishan-maisonette-sold-for-record-980k-bought-by-new-citizen-and-her-prc-father/
This should be a personal matter between the buyer, who can afford to pay the price, and the seller, who pockets a hefty capital gain. It should not bother the rest of the people, IF our government has adopted the correct economic policy.
The flaw is in our government policy to link the price of new HDB flats to the resale market. This bad policy can be changed. And, if it is changed, things will be so much better.
Let us see what should be a better policy. If the Government prices new HDB flats based on the mean income of the citizens, and a new 4 room flat cost say $250,000, it should more than meet the cost of construction and land (based on its holding cost). The public would be able to afford these flats and would be happy if the sellers can fetch a high price!
I call on the Government to adopt a new approach to price new HDB flats.
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