House is the essential needs for human being. Due to house is an non-renewable resources, the house price would become higher and higher driven mainly by inflation.
Depending on market system, there are many different types of real estate market systems. Here follow to focus on three housing markets mainly.Due to limited knowledge, i will limit my defination on real estate to mainly to residential properties.
1.Singapore: Due to historical reason, the governor want to satisfy the residential needs of most residents. That lead to their strategy of Housing Developemnt Board, which build real estate at thin or no profit to satisfy the basic needs of citizens. The outlook and public areas and design of these HDB properties are not as good as private developed properties, but it is much cheaper than private developed properties. The price difference is about 200% and normally the price gap is about stable.
High price HDB properties are larg ones with more rooms and at good location.
The resale rule of HDB is only could be resale to same qulified buyers.
2.China:
Chinese property market has been three stages. We are in the third stage now. In previous stage, Chinese property price was mainly provided by private market. For next stage, it will be the mixed supply of government controlled market and private market. The government controled market is
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