Home sales soar! See it coming?
When I read the papers today about the climbing sales of properties, private and public, and the rising prices, I thought of asking whether the govt has seen it coming? I can’t blame Boon Wan as he is still new on the job. The pent up demand is not just due to the Ghosts in the seventh moon. The demand has been brewing and kept under pressurized lid to prevent it from exploding for too long. All the ramping up of building public housing would still be not enough.
Then I read another headline, ‘Govt ready to stabilize market if needed: Khaw’. Read this carefully, between the lines, it would appear that the govt is pretty comfortable with what is happening, with the situation as it is now. Apparently there is no need to stabilize the market now and not needed. So things will just go on as it is.
Boon Wan also said that the market should be stabilizing. This means that once the market stabilized, the people should expect that this is the normal state of affair, the high prices are normal though demand could be lowered if not because of this new doctrine that the govt has to build homes for the singles as well.
So that’s it. The govt saw it coming and this is what it is to be, acceptable, bearable, sustainable....and definitely affordable!