Like any other Singaporean investor, I follow Singapore property news with a lot of interest.
So when there was a flurry of recent articles on why Singapore Residential Property is no longer a good investment, that really caught my eye.
First – DBS came out with an extensive report on why Singapore Property is no longer a “Pot of Gold”.
Then it was a BT article on why it may make more sense to rent a home rather than buy.
And this week, MND came out with a consultation report suggesting public support for possible changes to HDB rules going forward – including a longer MOP, no rental of whole flat even after MOP, limits on who can buy on the resale market etc.
And then on Wednesday, Minister for National Development Desmond Lee gave a speech where he suggested that a new public housing model would be unveiled soon for HDB flats in prime locations.