Thank you our garment new flat will cost 750 k at coon keng
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Unfortunatly, you can only choose between two markets: private or HDB.Originally posted by oxford mushroom:The market sets the price. You want quality, you pay for it. If nobody is prepared to buy at 700k, they will have to lower the price. Don't blame the govt, blame Singaporeans instead.
The margin is pretty clear. So unless you live on a fat pay cheque, first timers will start their life with a HDB flat, which HDB has claimed are built on a subsidy.
This urban myth has been dispelled in a letter to the forum when it was clarified that the flats were in fact sold at a 'discount' and not at a 'subsidy', a fact which HDB utterly failed to rebutt.
HDB had the opportunity to publish the building and infrastructure costs to prove to residents the supposed 'subsidy' on two counts, once when challenged by the oppposition during the last elections (this was directed solely at Mah Bow Tan) and again when the letter to the ST forum was published.
On both occasions, they chose instead to deny the public access to the figures; this served only to reinforce the FACT that HDB flats are sold at a 'discount'.
Is it any wonder why malcontent over ministerial double pay rise is widespread? Where do you think they're pulling in the money from?
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ya. singapore alot of land mah.
everything blame garment. think la. -
it is historically unnecessary. thank you. by the way you are totally behind the curve for not reading the exchange between fymk and myself.Originally posted by fishbuff:do u still want the emigration information that you had mesg me before?
your house looked like a run down village hut without security to me. are you hidding the fact that your house was broken into many times from others in the forum? -
The government has been and is still saying all HDB flats are heavily subsidized!!! At $700K, I can't see how it is being subsidized!!Originally posted by oxford mushroom:The market sets the price. You want quality, you pay for it. If nobody is prepared to buy at 700k, they will have to lower the price. Don't blame the govt, blame Singaporeans instead.
Many years ago, they promised that all Singaporean will have a roof over our head. I was young and was very proud of our government ... now ? With this kind of pricing, how to afford ? I mean everone will want a better design and location but to price along the private property ? I cannot understand .... -
Ulu PandanOriginally posted by reddressman:I want to laugh at your statement that says sg has a place that is ulu.
have you been overseas?
Just joking -
you forgot there is a group of middle aged people with lots of cpf > S$500K to buy these expensive flats.Originally posted by elindra:Firstly, the cost of a condo in the area will cost much more
Anyway you will be paying more for the view than anything else
This cost also includes the fixtures and aircon which the flat is coming with
One thing though, I think the 8k pay ceiling is bullshit
You will have to eat grass if you earn less than 8k and buy the flat
And ppl who can afford it don't qualify for it -
30 years ago, a semi D with land size 4300 square feet at Lorong 1 Realty Park costs $30k
Now, a semi D with land size 2200 square feet at the same area costs $2 million
hmmmm -
that past was due to massive FDI into S.E.A. now the picture is different.Originally posted by eagle:30 years ago, a semi D with land size 4300 square feet at Lorong 1 Realty Park costs $30k
Now, a semi D with land size 2200 square feet at the same area costs $2 million
hmmmm -
i bought a stinky fish by mistake today and now i decide to feed it to my cat. -
Why are we still comparing prices of the most expensive of HDB flats? Why not compare with the most expensive of condos?Originally posted by ORIGAMIST:The government has been and is still saying all HDB flats are heavily subsidized!!! At $700K, I can't see how it is being subsidized!! Many years ago, they promised that all Singaporean will have a roof over our head. I was young and was very proud of our government ... now ? With this kind of pricing, how to afford ? I mean everone will want a better design and location but to price along the private property ? I cannot understand ....
$750k is indeed high. Even a small 2nd hand 5 rm flat at Holland V costs $570k now, and without lift at every floor too. But then again, there are many other factors determining the price. Is it reasonable to compare the maximum price of HDB with the average price of condos? -
Well, people here like to compare with the past. So I shall point out facts of the past and now for them lor. Just like 18 years ago, a bowl of laksa costs $1.50. Now, most places would sell for $2.50.Originally posted by Daddy!!:that past was due to massive FDI into S.E.A. now the picture is different. -
from my heart, NO. Why should HDB be built and then priced at condo prices in the first place ?Originally posted by eagle:Why are we still comparing prices of the most expensive of HDB flats? Why not compare with the most expensive of condos?
$750k is indeed high. Even a small 2nd hand 5 rm flat at Holland V costs $570k now, and without lift at every floor too. But then again, there are many other factors determining the price. Is it reasonable to compare the maximum price of HDB with the average price of condos?
conceptually, it does not add up.
HDB flats are meant to be affordable to mass population and hence serving the mass population.
I dont think 700k is affordable to the mass population. Even if it is affordable, it is affordable to not many people who saved up >300K in their CPF. Now the irony is that CPF is meant as a savings for retirement and now, the govt is "guiding" these savings into rather pricey flats which have downside risk of at least 50%. -
The better comparison is to compare how many years people took to pay off their housing loan, as compared to now.... this would be a good gauge if indeed they are doing a good job or skinning Singaporeans for as much money as possible to put into their own greedy pockets.
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2nd half flat no subsidy - so price due to market force, but new HDB are supposed to be subsidized ! That is what make me mad !! You start with one and the rest is history, no more subsidy leow ... They even got the cheek to say they lose money every year ... but then hor, they can build HDB hub and the old place at Bt Merah is almost deserted ..( now don't know cos long time didn't go there leow ) ... I don't even bring in the MND building at Maxwell Road ... if lose money can built so many office building ??Originally posted by eagle:Why are we still comparing prices of the most expensive of HDB flats? Why not compare with the most expensive of condos?
$750k is indeed high. Even a small 2nd hand 5 rm flat at Holland V costs $570k now, and without lift at every floor too. But then again, there are many other factors determining the price. Is it reasonable to compare the maximum price of HDB with the average price of condos? -
does a fish have a back-side to be whipped on?
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How about the percentage rise in HDB flats with respect to the percentage rise in income?Originally posted by AndrewPKYap:The better comparison is to compare how many years people took to pay off their housing loan, as compared to now.... this would be a good gauge if indeed they are doing a good job or skinning Singaporeans for as much money as possible to put into their own greedy pockets.
Then again, 700k about the max price of hdb, whereas for condos, you can easily find 1 million dollar condos with smaller live-in area, 2nd hand.
And again, why didn't anyone compared with the >2 million dollars that developers paid for en bloc sales? Wouldn't that be considered as the "max" price for condos now? -
i find it suspicious that first we heard about shocking news of a few lucky 5-rm hdb flats re-sold at 700K ++ and then within 6 months MANY MANY new HDB flats are launched at 700K++ also.Originally posted by eagle:How about the percentage rise in HDB flats with respect to the percentage rise in income?
Then again, 700k about the max price of hdb, whereas for condos, you can easily find 1 million dollar condos with smaller live-in area, 2nd hand.
And again, why didn't anyone compared with the >2 million dollars that developers paid for en bloc sales? Wouldn't that be considered as the "max" price for condos now? -
So why do people look only at 700k 5-rm flats? Why not a 2nd hand 10 year old executive flat at Hougang selling for 360k?Originally posted by ORIGAMIST:2nd half flat no subsidy - so price due to market force, but new HDB are supposed to be subsidized ! That is what make me mad !! You start with one and the rest is history, no more subsidy leow ... They even got the cheek to say they lose money every year ... but then hor, they can build HDB hub and the old place at Bt Merah is almost deserted ..( now don't know cos long time didn't go there leow ) ... I don't even bring in the MND building at Maxwell Road ... if lose money can built so many office building ??
Imagine the number of families with > 2million in their hands now and looking for a home. Easily more than a thousand plus. -
I didn't really look at new HDB flats for sale; I've only heard of the one at Boon Keng on the newspaper.Originally posted by Daddy!!:i find it suspicious that first we heard about shocking news of a few lucky 5-rm hdb flats re-sold at 700K ++ and then within 6 months MANY MANY new HDB flats are launched at 700K++ also.
Is it possible to tell me which other areas did the new flats go for 700k+? Thanks. -
Err if I'm middle aged and have > $500k in my cpf I sure wouldn't want to put my retirement funds into a new flat.Originally posted by Daddy!!:you forgot there is a group of middle aged people with lots of cpf > S$500K to buy these expensive flats.
I just think that for flats of those prices they should scrap the 8k ceiling thingy
It doesn't make sense especially with flats of higher prices these days -
how many of you had seen the crash of 97-98? ask your parents or senior relatives, they will know...
the current euphoria of property snatch up is somewhat a reflection of what had happened in the mid 90s. people tot of buying $400k executive or 5A hdb flat in old estates with hope of getting rich. my friend was a property agent and he was seduced by all these properties and bought several units and landed properties. Then the asian financial crisis came, and blood were spilled in the stock, job and property markets. many folks lost their jobs and there was a record number of people going bankrupt. my property agent friend suffered great loss and had no choice but to be declared bankrupt, suffered terribly in his relationship with his wife, poverty and joblessness.
i knew this neighbour, both are averagely low income earner but wife wanted posh executive hdb flat. compelled husband to buy at $400k but later realised that the repayment loan for the flat was just beyond their means, end up quarrelling daily and finally divorced. husband begged wife not to leave but wife refused to take heed. I could hear how he cried when the wife lead their children away.
i hope people can take heed and reflect on the past, dont buy beyond one's capability or else end up like them. -
Originally posted by Daddy!!:does a fish have a back-side to be whipped on?
i will be back in sg on feb 24 at tuas civil defence training camp morning 10am.. u can whip my butt there. -
I thought u already got Australian PR n based on that, u can get exit permit or disruption from the reservist? Why u still need to come back?Originally posted by fishbuff:
i will be back in sg on feb 24 at tuas civil defence training camp morning 10am.. u can whip my butt there. -
i would, but not on a HDB. The returns will be better than keeping them in CPFOriginally posted by elindra:Err if I'm middle aged and have > $500k in my cpf I sure wouldn't want to put my retirement funds into a new flat.
I just think that for flats of those prices they should scrap the 8k ceiling thingy
It doesn't make sense especially with flats of higher prices these days -
ya lor hor, everlything not their fault wan. u no the believing of the me meh?Originally posted by LordIcarus:ya. singapore alot of land mah.
everything blame garment. think la.