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“Real Estate Prices Need Adjustments, Need Adjustments” — South Koreans React to Desmond Lee’s Comments on Signs of Adjustment in Public and Private Housing Markets

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Responding to recent statements by Minister for National Development and Social Services Integration, Desmond Lee, Singaporeans are throwing in their two cents on the apparent easing of the private and public housing market.

In recent news, Lee cited property cooling measures the government has rolled out, including tougher mortgages and a 15-month waiting period for HDB flats, to deal with problems associated with sharp rises in interest rates. . He spoke of cooling measures when talking about the apparent easing in both the public and private housing markets. emphasized the importance of doing

In response to this news, a handful of online users shared their two cents with the moderator. “With all due respect, real estate prices need an adjustment, not an adjustment,” one person wrote. Another asked the minister to “look with his eyes wide open.”

Still, one user took the news differently, saying he was “applauding his own policies.”

Another netizen said, “Moderation means it’s still increasing, but not as fast as it used to be. No price cap is imposed on resale apartments, and the BTO itself is pegged to the resale price price traded.” As long as it is, that means PAP is selling public housing like a private developer.”

Image: Screengrab from Facebook comment / @The Straits Times

Image: Screengrab from Facebook comment / @The Straits Times

Image: Screengrab from Facebook comment / @The Straits Times

Image: Screengrab from Facebook comment / @The Straits Times

Image: Screengrab from Facebook comment / @The Straits Times

Image: Screengrab from Facebook comment / @The Straits Times

Image: Screengrab from Facebook comment / @The Straits Times

Image: Screengrab from Facebook comment / @The Straits Times

Image: Screengrab from Facebook comment / @The Straits Times

Image: Screengrab from Facebook comment / @The Straits Times

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https://theindependent.sg/property-prices-need-correction-not-moderation-sporeans-react-to-desmond-lees-comments-on-signs-of-moderation-in-public-private-housing-markets/ “Real Estate Prices Need Adjustments, Need Adjustments” — South Koreans React to Desmond Lee’s Comments on Signs of Adjustment in Public and Private Housing Markets

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