Anyone here thinks HDB sucks???
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i tot is 10 % ?Originally posted by elindra:Well, I think the worrying trend for most people is that the initial payout for the flats is increasing. I think if I am not wrong, by 2008, you will have to fork out 20% of the HDB price as initial payment. No difference from private properties.
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No, it will be 20%, in line with pte property. I cannot see the rational. The running of the two properties is entirely different. Price also different, law slightly different so what must be same as 20%.??? That Mah blah blah must be too free to come up with such idea... Actually, when people over declare the selling price for buyer to get bigger loan, what had it got to do with HDB. Not all people is doing it.. Those doing it needed cash and bank is not going to just lend you cash ... The buyer and seller wasn't hurt ... why they bother. Maybe scared the HDB price level pte condo too fast, he cannot sell off all those new un=taken up flat...Originally posted by crazy monkey:i tot is 10 % ? 
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are we getting the swimming pools and sercurity guards too?Originally posted by ORIGAMIST:No, it will be 20%, in line with pte property. I cannot see the rational. The running of the two properties is entirely different. Price also different, law slightly different so what must be same as 20%.??? That Mah blah blah must be too free to come up with such idea... Actually, when people over declare the selling price for buyer to get bigger loan, what had it got to do with HDB. Not all people is doing it.. Those doing it needed cash and bank is not going to just lend you cash ... The buyer and seller wasn't hurt ... why they bother. Maybe scared the HDB price level pte condo too fast, he cannot sell off all those new un=taken up flat...
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HDB comes out with all sorts of policies, each of them are design to suck out all the money and CPF out of people. Those who being through 1st owner and resale flat transaction should know what I mean. It's a shame when you build too many flats and nobody wants them...it's a shame when you over promote Seng Kang and Pungol five years ago...it's a shame when NTUC is the only market to serve the whole f**KING Sembawang new town for five F**KING years before you allow a pathetic small wet market to be setup way off the central area...talking about absorbing GST for us?? WHO started GSTs at the 1st place??!!
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Like "CyanSupra" mentioned earlier in the post, get one near the police post f and a public pool lor... Seriously, no, no condo facilities but trying to be like condo type of pricing ....Originally posted by oldbreadstinks:are we getting the swimming pools and sercurity guards too?
The thing HDB do is, they are trying at their level best to make as much profit as possible... in any way and in everyway.... The profit do not goes back to the citizen but the don't what the hell are they going to do with it .... -
HDB shall provide singaporean the most basic form of housing...
In a very expensive way...
Nowadays.. housing already so expensive liao, can't imaging if your parent buy a 4-5 rm hds at 250+ k suddenly deflate to 100K.. like this a lot of our poor fellowmen gonna become -ve.
But what contirbuted ??? The HDB or the government. Don't forget many of the population still is from the low-income class. One earlier 20+ young fellow just graduated from uni.. got a job paying 2K plus. Take back ard 2k, give family expenses Utilities/ph bills..etc - 500, pay study loan - 500, own makan/transport/ - ard 400. Left ard 600 for savings. Note family living in 1 rm flat. 1 bro workin as warehouse assistance, another unemployed. Father odd-job labourer.
Intend to buy a new 3 rm flat cost around 140-160k.. garmen say cannot ... earning above 2k must buy at least a 4 rm or bigger which cost ard 200k above.. Then how long must this guy continue to work in order to pay finish this flat???
Sometimes, I just wonder is it the government purposely jerk up the HDB price then everybody got to work for their entire life to support our highly-paid Ministers or garmen' wage system?? given most of the population ard 80% got nothing to choose , can only live in public housing. We can choose to built an attap house anywhere in sembawang, or be a destitute.. it against the law..
I think this is a good move they think... to make us work and work and pay them till we are old... remember our island has no natural resource and the garmen has said b4 the only "resource" is our people... hahaha,.... -
its not so...Originally posted by Qitai:I see no one cares about facts anymore.
just that if you go deeper into Accounting and Accounting policies...
Numbers can be meddled to look whatever you want..
Say for example, DBS suddenly has a profit in excess of 100 million once the govt announce the economy bounced back. How did that happen just overnight... Well it didn't.
In accounts, DBS big shots would have discussed that during the economic slump, they do not feel comfortable that they will collect the debts and so they had to set aside a contingency sum to assure that the profits are not over reported, they make an estimate of the amount of bad debts (for all you know, it might just be an arbitary sum) and this amount is deducted from profit every year to accound for contingency. So you have a reduced profit. However, once the big shots felt things are smooth sailing, they immediately revised the accounting policy and reduce the bad debts. So this number is release back into profit which seemed to indicate to the laymen/women, that DBS did well. But in actual fact, its neither.
In accouting, its always always true to be conservative about reporting profits. There is a bias towards reporting a lower profit level than a higher one and they will tell you its all about contingencies.
So numbers... only tell a little of the whole picture... there's more than meets the eye. Its not that people do not care about facts and figures, but once you really know more about accounting... you'd not always base your decisions on these numbers.
Oh I'm in IT (must qualify first) so i might not say the right thing about the accounting profession so if there is any accountants out there, Duo duo de jui ... -
Now Mah BT have a more novel way of making money. Tonight news.. HDB flats to be built by private developer. Since by private, price will be more expensive but still no facilities.. See, the same piece of land when built by HDB earn lesser... These flat will be HDB, mind you.. the finishing may be better but I doubt their prices will cost more for HDB. But when HDB sell to you, they charge you more... There is so much to learn from them as far as making money is concerned.
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Mah when in LTA created a monster for the ppl. coe, erp, whatever whatever...
now he's in HDB... what do you think he will do... -
Ah Mah has already raised the parking fee when he came to HDB.
