ST Forum : Get this

Sep 6, 2010

Get this

'Many Singaporeans are yet to have their first HDB flats, let alone dream of having a second property as investment.' /p>

MR PHILIP SOH: 'I refer to Saturday's letter ('Property: Nothing wrong in having it both ways'). Many Singaporeans are yet to have their first HDB flats, let alone dream of owning a second property as investment. It cannot be our nation's priority to help some achieve future economic gains at the expense of young couples who are waiting for a flat of their own to grow a family.'



Right step

'If the measures work, property prices would come down, making those 'dream homes' more within our reach.'

MR STEFFEN TOH: 'The 30 per cent down payment rule for the purchase of a second property effectively ensures that buyers have sounder fundamentals before they make that commitment. With interest rates currently very low, the danger of Singaporeans over-stretching themselves is very real. If the measures work as they are intended to, property prices would stabilise and possibly even come down, making those 'dream homes' more within our reach.'