HDB refuses to build new flats for all newly weds!!!!
-
From Straits Times: HDB housing available, but why can't I get a flat?
Singapore is facing a supply crunch in the public housing arena, but the Government has said the HDB cannot keep on building new flats to cater to 'all demand that come onstream' - especially newlyweds looking for their first home.
Homebuyers may have to turn to resale market: Minister
In response to a question in Parliament by Aljunied GRC MP Cynthia Phua, National Development Minister Mah Bow Tan said homebuyers, especially newlyweds, may have to turn to the resale market to widen their options, as the Government cannot continue building new flats to cater to the new demand.
I'll be getting an apartment as a newly wed in about 2 yrs time, and this policy utterly struck me dumbfounded. I view it the legitimate aspiration of newly weds to purchase a new flat in more accessible areas. HDB is the market maker and therefore it is their responsiblity to build new apartments to meet the demand and location requirements of newly weds.
What higher housing function does the Govt have, besides housing everyone, than to provide the maximum housing satisfaction at the lowest cost? All HDB flats should be Built to Order, with new BTO proposals arising from public consultation. This will guarantee the demand for, and the minimal desirability of the project, ensuring a win-win situation.
Additionally, resale market should not be artificially propped up by this forced policy of channeling financially pressed newly weds into the resale market, which in turn is ridiculously used to set the prices of new flats in a feedback loop.
With old flats regularly torn down and new emigrants and PRs coming here, it is disingenious to claim that upgraders cannot find buyers to take it off their hands. Secondly, the needs of upgraders cannot take precedence over that of newly-weds. It is in the interest of all that new housing be well supplied to deflate the unhealthy asset inflation, such that resale flats eventually find a lower, and much fairer value, to attract buyers. Finally, the HDB can always act as buyer of last resort, to buy back flats at a lower price. The glut caused by a deliberate 1-2% oversupply can easily be absorbed by renting to foreign workers.
What do you guys think? -
What they want you to do is get married have lots of babies and live under the flyovers... unless of course you parents can take money from the public coffers like nobody's business...Originally posted by gartheven2000:From Straits Times: HDB housing available, but why can't I get a flat?
I'll be getting an apartment as a newly wed in about 2 yrs time, and this policy utterly struck me dumbfounded. I view it the legitimate aspiration of newly weds to purchase a new flat in more accessible areas. HDB is the market maker and therefore it is their responsiblity to build new apartments to meet the demand and location requirements of newly weds.
What do you guys think?
-
As I said, the role of HDB is long over. HDB wants to play the roles of communist and capitalist, both at the same time.
Close shop and let the private sector builds housing with govt regulating for low income earners. -
Like that how are they going to take as much of Singaporeans money as possible and make them go into debt?
-
Living under flyover kenna police summon lehOriginally posted by AndrewPKYap:What they want you to do is get married have lots of babies and live under the flyovers... unless of course you parents can take money from the public coffers like nobody's business...
esp if got womenfolks changing, car will crash.....
-
they are just trying to make people buy their surplus flats.Originally posted by gartheven2000:[b]From Straits Times: HDB housing available, but why can't I get a flat?
What do you guys think?
dun want?then pay more for resale lor...
they provide housing...but never say must be at ur preferred location...so LL. -
ai yah... why I never thought of that...Originally posted by 00011000:Living under flyover kenna police summon leh
esp if got womenfolks changing, car will crash..... -
of course cannot build new flats lah. no money how to build? most of the money are lost during the Thailand incident. now they increasing every thing to cover up the losses. where got time to build flats for you. money more important remember?