Hi,
1) This is a good question especially for people who could afford both.
2) The main difference between the rich and the poor is the rich will see which option can assist them to grow their asset.
3) Most people in Singapore are science trained thus could not understand the principle of economy and always use physics to explain the market trend.
4) Those who can understand will look into how to best use their money to work for them rather than working hard for it.
5) At the minimum will choose the option that could help them to at least to hedge the inflation best if could provide capital appreciation.
6) HDB flat is an economic accommodation provided by the government thus also control by the government on the appreciation rate. This was the main reason why only they allowed HDB appointed valuer in the valuation process.
7) Private condo is open to free-market therefore gov doesn't want to control too much and let the market works on its own. They are just there to ensure it won't create a bubble by implementing cooling measures as and when it is needed.
8) This was the main reason that the private condo had appreciated 3 times higher than the HDB flat for the past 15 yrs.
Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at
90110636
, or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
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