Source: The Business Times
Trust the big cheese of one of Singapore's leading Real Estate Agencies, Ong Choon Fah, ECD, DTZ Debenham Tie Leung, to sympathize with heartlanders in these Only-the-Rich-Gets-Richer times. When quized about the latest price hike in property prices, he blabbered that it is 'not such a bad thing. Everybody should feel a little richer'.
While HDB flats and low/mid-end private housing have no doubt gained in capital appreciation with even HDB 4-roomers asking for up to 70k above valuation (what my agents tell me), these heartlanders will still have to find another place to live after cashing in; in my terms, the roof that covers your head is NOT an investment.
Oh well...but what is all that to Ong Choon Fah, my Condos and me. Time for a cuppa by my little patio with the morning paper.
