New measures won’t help market bloom
I refer to the letter by Mr Jayaraman dated 23 Feb 2010. He described the current market as being in a state of depression since 1997 as though 1997 represents the year of normalcy we should benchmark ourselves against. But 1997 is no ordinary year. It is the year when over-exuberance boiled over and led to the bursting...
HDB sticking with build-to-order scheme
Dear Mr Mah, I refer to the comments you made in parliament as reported by Straits Times on 23 Feb 2010. You said that the BTO scheme reduces uncertainty for flat buyers because they are now in a good position to plan for when they will get their flats. On the other hand, the BTO scheme also means that flat buyers cannot get...
PRs, foreigners form 12% of HDB dwellers
Dear Dr Foo, On 19 Feb 2010, Straits Times reported you saying that PRs and foreigners are not likely to have caused significant increases in flat prices because they make up only 12% of HDB residents. Firstly, the fact that PRs and foreigners make up 12% of HDB residents doesn't mean they occupy 12% of HDB flats. They...
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