22 Jun '11, 5am

Blinkymummy: It's the great DBSS GSS!!

Prices slashed after DBSS flats uproar "Sim Lian's announcement of its 'confirmed price range' came in the heels of a letter from the Ministry of National Development to the Straits Times Forum page that it would be reviewing the DBSS as part of its overall review of housing prices." DBSS is a silly scheme which determines that developers are to profit from a captive audience in the lower to middle income groups. I can imagine the internal rationale. It's a 'free market'! If the developers set the prices too high, (i) buyers can choose not to buy, and (ii) 'market forces' will pull down the prices of DBSS flats. Really? Did market forces bring the price down in this case? No lor... It's absolutely State Intervention, albeit 'soft' (without policy changes), causing the developer to lower its prices and profit margins. The developer yielded because it doesn't want to leave b...

Full article: http://blinkymummy.blogspot.com/2011/06/dbss-gss.html?spr...

Tweets

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