SG: Onset Failure of public housing?
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SG: Onset Failure of public housing?
Can govt meet demand for public Housing?
"1,600 applns for 489 flats in hours, almost 2 more weeks of applications to go..."
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Home > Most Read Stories
Oct 10, 2007
Over 1,600 apply for 489 HDB flats up for sale
Applications came in hours after the flats in the north and west zones were put on sale.
By Jessica Cheam
THE Housing Board (HDB) has been flooded with applications for 489 flats in the North and West zones which went on sale on Wednesday.
Reflecting the surging demand for homes, more than 1,600 applications were received by 5pm - just hours after they were put on sale.
The figures were given on HDB's website (www.hdb.gov.sg) which offers regular updates.
The sale is under an HDB scheme to offer four-room and bigger flats for sale every two months.
The units include new, unsold, repurchased and show flats.
On sale in the latest launch, the fourth this year, are 129 four-room, 138 five-room, and 222 executive flats.
They are located in eight towns, including Bukit Batok, Bukit Panjang, Choa Chu Kang, Jurong East, Sembawang and Yishun.
The prices of the flats range from $118,000 for a four-room flat in Yishun or Jurong East, to $362,000 for an executive flat in Sembawang, and $440,000 for a similar unit in Jurong East.
Interested buyers can submit their application online before Oct 16.
They can also view showflats and sample units in Sembawang and Jurong West daily until Oct 23, after which it will be open only on weekends until Dec 9.
Four of these are new, furnished showflats which are available for sale at a premium.
The HDB said more than 70 such showflats have been sold so far.
This latest sale comes after an announcement by HDB earlier this month that it will offer 6,000 new flats over the next six months.
Government flash estimates for the three months ended September showed a surge in prices for mass-market homes, which are finally catching up with luxury homes.
http://www.straitstimes.com/Latest%2BNews/Singapore/STIStory_165729.html?vgnmr=1 -
Quite frequently one has to take the news of our 'credible' media with a barrel of salt.
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Make sure the barrel of salt doesn't cause you any health problems.Originally posted by pearlie27:Quite frequently one has to take the news of our 'credible' media with a barrel of salt.
You can't afford to be sick too long in Singapore.
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public housing is supposed to be afforable to the people, in Masia it is called low cost housing, meaning the cost is low but in singapore it is not low cost, it deviates from its original aim,HDB came out with so many fanciful scheme, making public housing unaffordable to many ppl, because prices of flats keep increasing and salary stays stagnant, I wonder how the youngsters can afford their first house nowadays. This will delay their marriage in order to save some money for their downpayment, and they dare not have children early due to affordability issues and therefore the population will decrease over time, this is real, it is a chain reaction,
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sengkang and punggol still got so many house nobody wants...
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too far awayOriginally posted by hiphop2009:sengkang and punggol still got so many house nobody wants... -
$440,000 for an Executive Flat for a unit in Jurong East - asked by HDB to a first time applicant ?
That awas the price asked for a Resale Unit for a similar Executive Flat in the Bishan area five years ago !
HDB is profiteering on pubic housing simply by capitalising on the resale market price, where home owners are asking for a higher price to recoup interests paid.
At $440,000, the home owners will have to asked for an even higher price if they decide to sell their units five years later.
Is HDB not fuelling the property market with this irresponsible way of pricing ? -
That's too expensive. It would be very unfair for the resale applicants for that flat.Originally posted by Atobe:$440,000 for an Executive Flat for a unit in Jurong East - asked by HDB to a first time applicant ?
That awas the price asked for a Resale Unit for a similar Executive Flat in the Bishan area five years ago !
HDB is profiteering on pubic housing simply by capitalising on the resale market price, where home owners are asking for a higher price to recoup interests paid.
At $440,000, the home owners will have to asked for an even higher price if they decide to sell their units five years later.
Is HDB not fuelling the property market with this irresponsible way of pricing ?
Why the cost of flat keep going up, while our paid still the same? how to buy? -
there are lotsa supply in Jurong west area but singaporeans are choosy about their locations.
frankly how much you wish to spent on your HDB also depends on ourselves.
if you wish to spent $440k on an executive in JE, by all meams go ahead.
if you dont mind just 5 Km away, you can get executive at JW at $250k below.
dont get stuck yourself stuck in HDB flats. do your plan wisely.
just ask yourself, can your executive in Jurong east fetch you above $500k in near future? can the depends for property continue to grow? can our economy continue to sustain such growth forever. dont forget the 1998 housing crisis where many ppl still got stuck in negative propoerty prices until now! -
Appeal to those swallowing up executive flats to stop buying/applying. Prices would tecnically drop then and everybody can buy then the cycle goes again.Originally posted by Meilin86:That's too expensive. It would be very unfair for the resale applicants for that flat.
Why the cost of flat keep going up, while our paid still the same? how to buy? -
aiyoyo, u so like that wan leh...Originally posted by pearlie27:Quite frequently one has to take the news of our 'credible' media with a barrel of salt.
These reporters serve singaporeans with integrity and not selfish for themselves only. they not mercenary wan. u dun believe meh?