Are the Ten Thousands flats built in vain ?
-
even if you "buy" you also rent anyway. its not yours. you have to move out after 99 years.Originally posted by macjoe:We should just rent, not buy from HDB. "Buy" allows HDB to inflate the flat prices and households end up losing their CPF and borrowing excessively from banks.
Imagine the household who's been renting from HDB over 20 years. They would still have the CPF intact and no mortgage loan nightmares.
Right?!
even the freehold properties the government can jsut take back on excuses of for society or something. like to make road etc. -
I partly agreed with this statement. If they decided to immigrate to another counyty, they need not worry about the remaining loan.Originally posted by macjoe:We should just rent, not buy from HDB. "Buy" allows HDB to inflate the flat prices and households end up losing their CPF and borrowing excessively from banks.
Imagine the household who's been renting from HDB over 20 years. They would still have the CPF intact and no mortgage loan nightmares.
Right?! -
The housing market is no longer one where the majority of households live in accomadation rented from private landlords, as was the case in eighty years ago. Owner-occupiers have been enouraged for many years to buy dwellings rather than rent them by government policy. This situation is not peculiar to Singapore but also in other countries.
The encouragement of owner occupation can come in the form of a grant for the low-income earners based on merits.
-
Maybe we have to look into the bigger picture. Without the building of these flats, the construction sector would have crumbled even earlier
-
Construction sector was badly hit then, some closed down in the midst of the project. Bad times really.Originally posted by LinYu:Maybe we have to look into the bigger picture. Without the building of these flats, the construction sector would have crumbled even earlier -
actually the housing market is still one where the majority of households live in accommadations rented from landlord. only difference is the landlord is the government now and the rent is paid upfrontOriginally posted by TooFree:The housing market is no longer one where the majority of households live in accomadation rented from private landlords, as was the case in eighty years ago. Owner-occupiers have been enouraged for many years to buy dwellings rather than rent them by government policy. This situation is not peculiar to Singapore but also in other countries.
The encouragement of owner occupation can come in the form of a grant for the low-income earners based on merits. -
I think the country should have built higher flats like what they are doing now earlier. Can free up more land, more land available for other use. No thanks to the height limits.Originally posted by TooFree:The housing market is no longer one where the majority of households live in accomadation rented from private landlords, as was the case in eighty years ago. Owner-occupiers have been enouraged for many years to buy dwellings rather than rent them by government policy. This situation is not peculiar to Singapore but also in other countries.
The encouragement of owner occupation can come in the form of a grant for the low-income earners based on merits. -
My take on the issue:
It is good that the govt acknowledge the needs of the low-income and provide for accomodation for them.
The amt of over supply 5 rooms flat shows poor planning for HDB in focusing large flats without looking into the demand for the flats.
Rental.. it depends on the room type. Correct me if I am wrong, rental for large flat type (5 rm and above) may be justified (instalment payment is in the 1.3k range whereas rental is about 1.2k). Smaller size units will have rental payment higher than the instalment payment. -
HDB was blinded by the obscene profits it made from selling these flats. If I don't remember wrongly a 5-room flat costs about $50,000 to build but HDB sells it at $300,000+. That kind of profits will definitely make anyone loose his senses!Originally posted by diggo:The amt of over supply 5 rooms flat shows poor planning for HDB in focusing large flats without looking into the demand for the flats. -
else how those retrenched and reassigned to surbana could still receive their golden handshake? what's more distressing was that those retrenched were not subjected to any 25 months maximum paidoff.Originally posted by pearlie27:HDB was blinded by the obscene profits it made from selling these flats. If I don't remember wrongly a 5-room flat costs about $50,000 to build but HDB sells it at $300,000+. That kind of profits will definitely make anyone loose his senses!
why retrenched and paid someone who were left with few months to retire when u can still keep him to wash the toilet at least?
how much surbana chief receive when he was transferred from hdb to surbana?