Over the better half of the past decade, Singaporean HDB flat owners have seen their real estate portfolio shoot up consistently as a result of the increasing resale and Cash-over-Valuation rates. Unfortunately, the volatile rollercoaster finally peaked and spiraled downwards rapidly since mid-2013. As a result, the resale value of properties has taken a nasty tumble too.
These recent developments have put a short and swift end to the popular stereotype that real estate is a bulletproof investment that is destined to rise and never falter. HDB flats have been a government-backed lifeline for average working class Singaporeans who cannot afford the exorbitant living costs that accompany living in the world’s most expensive city.
Many of you may look to the government once again to tilt the scales of financial power in your hands; however, the bitter truth is that this plunge into HDB property value poverty has come ......
Over the better half of the past decade, Singaporean HDB flat owners have seen their real estate portfolio shoot up consistently as a result of the increasing resale and Cash-over-Valuation rates. Unfortunately, the volatile rollercoaster finally peaked and spiraled downwards rapidly since mid-2013. As a result, the resale value of properties has taken a nasty tumble too.
These recent developments have put a short and swift end to the popular stereotype that real estate is a bulletproof investment that is destined to rise and never falter. HDB flats have been a government-backed lifeline for average working class Singaporeans who cannot afford the exorbitant living costs that accompany living in the world’s most expensive city.
Many of you may look to the government once again to tilt the scales of financial power in your hands; however, the bitter truth is that this plunge into HDB property value poverty has come ......
