chicane
Well-Known Member
Upgrading to private home? Wait a bit, says Mah
Jan 29, 2011
Upgrading to private home? Wait a bit, says Mah
By Amresh Gunasingham
IF YOU are a Housing Board flat owner looking to upgrade to a private property, wait a little longer before signing on the dotted line.
This was the advice from Minister for National Development Mah Bow Tan in an interview published in the Chinese daily Lianhe Wanbao on Saturday.
'Housing prices are rather high now... if you wait for a while, you might find more affordable properties,' Mr Mah was quoted in the paper as saying. (oh really? you don't say! :|)
Serious home buyers should be patient as he expects interest rates and the supply of private properties to rise soon, and both these factors should help to curb the steady trend of rising prices.
'When that happens, you will be thankful that you didn't buy right now!' he quipped. (Err....what if prices keep going up? :yikess
The property market hit new highs last year, fuelled by strong demand from cash-rich buyers, low interest rates and strong economic growth.
Jan 29, 2011
Upgrading to private home? Wait a bit, says Mah
By Amresh Gunasingham
IF YOU are a Housing Board flat owner looking to upgrade to a private property, wait a little longer before signing on the dotted line.
This was the advice from Minister for National Development Mah Bow Tan in an interview published in the Chinese daily Lianhe Wanbao on Saturday.
'Housing prices are rather high now... if you wait for a while, you might find more affordable properties,' Mr Mah was quoted in the paper as saying. (oh really? you don't say! :|)
Serious home buyers should be patient as he expects interest rates and the supply of private properties to rise soon, and both these factors should help to curb the steady trend of rising prices.
'When that happens, you will be thankful that you didn't buy right now!' he quipped. (Err....what if prices keep going up? :yikess
The property market hit new highs last year, fuelled by strong demand from cash-rich buyers, low interest rates and strong economic growth.
