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Originally Posted by Hurricane88
definitely something is wrong...the economy and GDP looks gloomy but the COE, property prices and stock market dun reflect the reality..
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Property in SG is 1 of safest investment in this region. There are 2 types of buyer, 1 group is those ppl really need a house to stay, another group is those with cash, want to "park" their money in property instead of shares or others. If 1 day, the whole world economic collapses. Some in group 1 will jump into MRT rail.
As in why COE is increasing, this is simple.... most of us dun bid for a COE ourselves.... most are handled by agent like Toyota, Honda... These companies main objective is sell as many cars as possible, so to ensure they can sell car to any tom dick and harry, they need to secure a COE, in order to secure a COE, guess u will know how they will do it.
Quote:
Originally Posted by Hurricane88
gahmen propaganda to ensure the market sustain as long as possible...with HDB prices...looked at it our HDB is definitely overpriced...also why the same item (eg. Tiger Beer or many other necessities) sold in Vietnam, Thailand, Malaysia can be so much cheaper than a local made Tiger Beer in Singapore...   |
SG govt operates SG as a business entity. If I am the only company developing HDB, will I price it low?? I am not a charity org
As for tiger beer, it is due to our tax. I am drinking USD 2 per jug of Tiger here and USD 1.5 for Angkor beer. Others are due to overhead and market factors.
We just have to suck thumb when in SG. I love SG for the orders and security but hate to spend in SG.