16-06-2022, 08:08 AM
(16-06-2022, 12:17 AM)watchfirst9 Wrote: BTO roll out or downsizing?
no know. got to ask hdb. feeling that their operation need some adjustment.
each young family will hope to have a new house for a start of new family.
so if hdb view that 1m hdb is enough and build less there is a mis match.
the supply become resale (second hand recycle) but the demand is new flats.
in addition on the resale market. demand and supply also going mismatch.
returning/increasing pr may also cause demand surge.
the locking up of resale units for 5 years min occupation periods reduced supply on the resale market.
when measure on 5 years min occupation period was put in it is effective as it prevent speculative trade.
after the initial stop of speculative demand the effect is gone. but the supply got a hit as 5 years of resale flats is lockup.
may need to look at reducing the lock up years in steps. like 3 years lock up for resale, 5 years for bto.
in this way people will be more willing to buy resale before applying for bto.
2 years of supply in the resale market will be released.
it will also help those who after buying a resale units has a changed in their situations and need to sell.
like oversea posting. environment not suitable for them etc. 5 years is a long time in a person life. good measure at the time of putting in, we are suffering from high price partly due to that now. how to softland from it? or still no actions?