“If you’re a first-time buyer, there’s more than enough flats for you. But if you’re a second-timer, you have to compete in the market with the first-timers and others, and this equilibrium in the prices will be reached at a point in time in the medium term as we push out this supply,” said Mr Mah.

Please think and rethink which flat you want to buy. For first timer, it is not necessary to choose where you want to live, which neighbourhood you love to be in, how near is it to your work place, etc. But for second-timer, it is very very important since this is the last chance you could get a flat direct from the HDB which the govt promised to be reasonably priced. (Layman thinking). After second flat, I got into trouble by staying at a place that eventually I dislike, but no choice have to continue staying there. I could buy a flat from the open-market, but it is a hassle because HDB wou't l;end money and banks will refuse to do so, and the potential sale of my second-time home may not cover the new HDB flat I might get from the sellers. Hey this is serious, and you should know the system of flat allocation well. I mean if you are a second timer, you have one last chance to buy from HDB and after that you are allowed only to buy resale flat and use private banking. So your choice is important.