Experts advise buyers to keep an open mind in terms of location, size
Mr Jason Zheng is getting married next month, but he and his fiancee have yet to find a place of their own.
The 27-year-old IT consultant does not want to wait three years for a new flat but has been priced out of the resale market due to the current property rally.
Sellers have been asking for cash of up to $60,000 above valuation, which he cannot afford.
He also struck out twice at the Housing Board’s half-yearly sale where most of the units on offer are completed.
His dilemma is not unique. In the past month, at least 15 people have written to The Straits Times Forum, venting their frustrations over escalating prices, premiums over official valuations and a perceived undersupply of HDB flats.
But have buyers really encountered a wall when it comes to housing options?
Or is it also a matter of some people being too choosy and unrealistic in their expectations?
National Development Minister Mah Bow Tan urged buyers to take a bigger view in Parliament last Monday. For a household that earns $4,000 a month, he said the options might be: Continue reading
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