HDB selling new 5RM at Queenstown at 500K!
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Here's the link:Originally posted by gartheven2000:hi iamgoondu, can u pass us the link to this info? tks!
http://www101.hdb.gov.sg/hdbvsf/eampu01p.nsf/0/08JANBEQT_page/$file/08JANBEQT_price.htm?open&ft=be -
my collegues husband and wife, both in my company, together earn around 7.5k per month, last week told me, they cannot even afford 350K HDB...
500K for new 5RM HDB flat in queenstown??? this price is based on what???
Originally posted by iamgoondu:New 5RM flats (to be ready in 2012) in Queenstown are being selling at 500K! What an obscene amount to quote.
Strange the household income ceiling still set at $8000.
A salaried person probably have to toil for 20years, paying house loan at 5K/monthly, to complete payment for that flat.
Are we setting the HDB prices at prices beyond the means of most people? Are HDB suppose to provide affordable housing to the masses? -
Earn 7.5K/month family income why cannot afford 350K HDB?
How did they define whether they can or cannot afford?
Maybe should work out the figures b4 so that everybody can be clearer.
My view is that if you have no other big liabilities/loans, 7.5K/month income surely can afford 350K HDB. -
tks fo r the link!
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young couples can only stay in sengkang/or ulu places else they will paying a life long debt... dark days ahead for them...
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I refer to the posting under THE STRAITS TIMES FORUM : “Bank valuation only half of market rate” from Wong Meow Yin (Ms).Originally posted by iamgoondu:
Knight Frank has responded to Ms WongÂ’s posting. Please go to http://www.straitstimes.com/ST%2BForum/Online%2BStory/STIStory_196095.html
Michael Yeo
Director
KNIGHT FRANK PTE LTD -
Perhaps an indication from the banks that the current property prices are not sustainable, it's a result of price inflation due to supply shortages, mainly due to more inflow of immigrants to Singapore.Originally posted by michaelyeo:I refer to the posting under THE STRAITS TIMES FORUM : “Bank valuation only half of market rate” from Wong Meow Yin (Ms).
Knight Frank has responded to Ms WongÂ’s posting. Please go to http://www.straitstimes.com/ST%2BForum/Online%2BStory/STIStory_196095.html
Michael Yeo
Director
KNIGHT FRANK PTE LTD -
How would you consider whether it is ulu a not.Originally posted by BrUtUs:young couples can only stay in sengkang/or ulu places else they will paying a life long debt... dark days ahead for them...
Suppose you stay in Sengkang, how long do you think it takes to go to the city using public transport as compared to staying at Queenstown and going to the city also by public transport? -
..right sure drop but only till Irs are completed..Govt has to support and make it a success mah....crazy real estate prices now will be met with a crashOriginally posted by eagle:I foresee that the property fever is dying down. And I think that HDB flats prices will drop more while landed property prices might be more sticky downwards as developers could hold on to it for long periods or simply rent it out till a time when the prices go up again. -
I understand what you are arguing eagle.Originally posted by eagle:How would you consider whether it is ulu a not.
Suppose you stay in Sengkang, how long do you think it takes to go to the city using public transport as compared to staying at Queenstown and going to the city also by public transport?
But I want to bring you back to a point that TS is talking about.
The basic cost of a HDB flat is only about 30k to 50k. The main objective of the HDB is to provide affordable housing.
So what are they doing selling a flat at 500k and making ridiculous profits (even more than the private developers, whom need to bid and pay for the land before they even start building)?
Perhaps we should relook at whether HDB is still relevant or not, if they have deviated from their objective
Becoming like NTUC to me. National Trade Union Congress becomes involved in EVERYTHING that makes money and forgets totally about its original purpose. -
HDB cost $30,000 to $50,000, later our P4P arse lickers will ask you to prove it.
They will tell you, if you don't have the evidence don't malign the innocent. -
whether or not the cost is $30,000 to $50,000.Originally posted by maurizio13:HDB cost $30,000 to $50,000, later our P4P arse lickers will ask you to prove it.
They will tell you, if you don't have the evidence don't malign the innocent.
the point is, if HDB can market their new flat at $150,000 to $200,000 at Jurong west, Sengkang, Yewtee & woodland.... there's no reason they have to market the flat at $400k to $500k at Queenstown....
Obviously, they think that it shd worth that much due to open market's prices are at that level or higher at that area, that's already telling us they're taking the ride from the properties brooming market!!
Its already againt the basic fundamental of HDB ( to provide afortable housing ). they shoud'nt rise their selling price to match the open market ( as it is OPEN MARKET!!! prices is determine by demand & supply, ppls can choose nt to buy or sell) -
Sigh...Originally posted by soul_rage:I understand what you are arguing eagle.
But I want to bring you back to a point that TS is talking about.
The basic cost of a HDB flat is only about 30k to 50k. The main objective of the HDB is to provide affordable housing.
So what are they doing selling a flat at 500k and making ridiculous profits (even more than the private developers, whom need to bid and pay for the land before they even start building)?
Perhaps we should relook at whether HDB is still relevant or not, if they have deviated from their objective
Becoming like NTUC to me. National Trade Union Congress becomes involved in EVERYTHING that makes money and forgets totally about its original purpose.
How many of our dear govt's original main objective have been deviated? I'm lazy to count...
Anyway just a quick calculation. Supposed inflation is at 5% a year.
$1 30 years ago would be about $1 * 1.05^30 = $4.32 now.
However, we can easily see that landed housing has risen from 30+k to 2 mil for a specific plot of land in Hougang... -
Originally posted by maurizio13:
HDB cost $30,000 to $50,000, later our P4P arse lickers will ask you to prove it.
They will tell you, if you don't have the evidence don't malign the innocent. Have they proven that it is NOT, they have the resources and yet they want evidence from everyone who expresses doubts... -
Didn't you hear what our most esteemed oxford mushroom said, "it's about the economy stupid!". So this regime is about money money and more money. It's not about maintaining the serfs livelihood. If the serfs can't compete, go die in some corner, there are always more foreign talents to take over.Originally posted by baby hunter:whether or not the cost is $30,000 to $50,000.
the point is, if HDB can market their new flat at $150,000 to $200,000 at Jurong west, Sengkang, Yewtee & woodland.... there's no reason they have to market the flat at $400k to $500k at Queenstown....
Obviously, they think that it shd worth that much due to open market's prices are at that level or higher at that area, that's already telling us they're taking the ride from the properties brooming market!!
Its already againt the basic fundamental of HDB ( to provide afortable housing ). they shoud'nt rise their selling price to match the open market ( as it is OPEN MARKET!!! prices is determine by demand & supply, ppls can choose nt to buy or sell) -
HDB can be rented out. So resale price would be based on this rental. This rental is influenced by condo's rental. In other words, when condo's price is high, rental is high, HDB's rental in that location is also high. Market mechanism will push the HDB's resale price high according to its rental yield.
Now if HDB were to sell at near the cost price across the board as someone suggests in this forum, then HDB would not be able to purchase the old flats at market's valuation (see above) for renewal (enbloc). In this case, the HDB estates will rot like a dead rat.
Please think before you write.
thank you. -
Can someone tell me where is the cheapest HBD flat we can buy?
Be it resale or whether the estate is at some ulu place.
People with no money like me cannot be too choosy. -
you need to specify whether you are buying directly from HDB or from the resale market.Originally posted by charlize:Can someone tell me where is the cheapest HBD flat we can buy?
Be it resale or whether the estate is at some ulu place.
People with no money like me cannot be too choosy. -
Give it to me for both.Originally posted by Daddy!!:you need to specify whether you are buying directly from HDB or from the resale market. -
directly from HDB, go to HDB HUB at toa payoh.Originally posted by charlize:Give it to me for both.
for resale price, go to www.hdb.gov.sg for past transacted prices and for live prices, read straitstimes classified and make phone calls to check.
its your money so do your own research. -
Damn.Originally posted by Daddy!!:directly from HDB, go to HUB HUB at toa payoh.
for resale price, go to www.hdb.gov.sg for past transacted prices and for live prices, read straitstimes classified and make phone calls to check.
its your money so do your own research. -
HDB flat cost $30K to $50K to build? How did you arrive at that figure?
I'm assuming this figure doesn't include land cost.
Of course, if you think Govt should give out land for free, then should charge only on construction cost. -
One simple question.Originally posted by onlooker123:HDB flat cost $30K to $50K to build? How did you arrive at that figure?
I'm assuming this figure doesn't include land cost.
Of course, if you think Govt should give out land for free, then should charge only on construction cost.
To whom does Singapore belong to.
The citizens of Singapore or the government? -
Whatever... all I can say is good luck to those people this year. Recession is around the corner.
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ridiculous.. its enough to get a terrace... HDB is rubbish.. only think of $$ like the HDB got swimming pool like that..