The great market forces at work in Sengkang
The Sengkang executive condo site was awarded to the top bidder at $315 psf. And the likely selling price will be over $650 psf. So no one should complain about the high sale price. It is all determined in an open and fairly bidded exercise. And the price final price will be determined by the highest bidder. Oops, no, by market forces. No one shall be blamed for the surging prices for public flats even if the developer bid it to $1000 psf. It is just market forces. Demand and supply. What kind of demand is there on limited land available? Last year, there were 59,500 new PRs and 19,900 new citizens. How are these numbers to be translated into demand for housing? Beats me. Very difficult to compute or guess. Even the professionals would not know.