[Bigiron]

HDB resale prices will stabilise as more flats enter market and cooling measures take effect: MND

Source: The Straits Times
 https://search.app/9AKe

[Bigiron]

Flaw and Ambiguities in the Straits Times Article:
 
The article titled "HDB resale prices will stabilise as more flats enter market and cooling measures take effect: MND" by The Straits Times presents a hopeful outlook for the HDB resale market based on increased supply and the ongoing effects of cooling measures. However, several flaws and ambiguities cast doubt on the certainty of this prediction:
 
1. Reliance on Supply:
 
- Oversimplification: The article primarily focuses on the increase in supply of HDB flats reaching their Minimum Occupation Period (MOP) as the primary driver of stabilization. This might be an oversimplification of the complex interplay of factors affecting resale prices.
 
- Uncertain Demand: The article doesn't adequately address potential shifts in demand. Factors like economic conditions, interest rate fluctuations, and changes in buyer preferences could influence demand and counterbalance the impact of increased supply.
 
2. Cooling Measures Effectiveness:
 
- Limited Scope: The article merely states that the cooling measures will continue to "work their way through the market," without providing concrete evidence or analysis of their effectiveness. The extent and timing of their impact on HDB resale prices remain ambiguous.
 
- Unforeseen Consequences: Cooling measures can have unintended consequences, potentially impacting market liquidity or discouraging homeownership. The article doesn't acknowledge these potential downsides.
 
3. Data and Projections:
 
- Limited Data: The article cites a 9.7% price increase in 2024 and a prediction by OrangeTee Group of 23 consecutive quarters of price rises. However, it lacks detailed analysis of the data or the methodology behind the projections, making it difficult to assess their reliability and validity.
 
- Past Performance vs. Future Predictions: The article heavily relies on historical price trends and projections. While these can provide some insights, they don't guarantee future stability, as market dynamics can change rapidly.
 
4. Missing Factors:
 
- Inflation: The article doesn't address the potential impact of inflation on HDB resale prices, which could influence purchasing power and demand for homes.
 
- External Factors: The article fails to mention other factors that could affect resale prices, such as changes in government policies, global economic trends, or geopolitical events.
 
5. Overly Optimistic Tone:
 
- Positive Bias: The article presents a rather optimistic outlook, relying heavily on pronouncements by the National Development Minister. It might be beneficial to include more balanced viewpoints and perspectives from other industry experts.
 
In Conclusion:
 
While the article highlights positive developments regarding HDB resale market supply, it falls short in providing a comprehensive and nuanced analysis. The reliance on supply and cooling measures as the primary drivers of stabilization, the lack of detailed data and analysis, and the omission of crucial factors introduce ambiguities and potential flaws in the article's predictions. It is essential to remain critical of the presented information and consider a broader range of factors and perspectives when assessing the future trajectory of HDB resale prices.

[pinkypanther]

https://tinyurl.com/yjp9mrkc

[red3]

Yes ... Will stabilise for all flats to be 7 digits eventually

[sclim]

it is a silly measure to have a 5 years occupation period on resale flat. that basically lock up flats from resale for 5 years. for most people they buy and will not likely sell as there are cost to each transactions.
the 5 year period should be reduce to 2 years which will block out most speculators as time too long to speculate.
also help those who bought flats then requirements changes to be able to sell by 2 years instead of 5 years.
help gov increased revenue if turnover is faster.

[RiseofAsia]

Most buey gan ministry.
Talk is cheap.
鬼话连遍。