HDB selling new 5RM at Queenstown at 500K!
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who's fault?? is we singaporean fault!Originally posted by youyayu:ridiculous.. its enough to get a terrace... HDB is rubbish.. only think of $$ like the HDB got swimming pool like that..
we're the one who push up the HDB resales price...
that will signal the HDB to push up their selling price as well..... -
heheOriginally 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.
check previous discussions. Someone helped them do a calculation of their costs before in the forums, since they were not 'comfortable' about releasing their base costs. This I believe was featured in ST forum -
not necessary.Originally posted by baby hunter:who's fault?? is we singaporean fault!
we're the one who push up the HDB resales price...
that will signal the HDB to push up their selling price as well.....
Whether the resale market is hot or not is besides the point.
HDB should not be coming in right now to help fan the flames, and add oil to fire.
They have forgotten their objective again. -
And why should they include land cost, if HDB takes the land from the govt without paying? If they include land cost into their calculations, then it is NOT land cost, but opportunity costs, since the land was never sold to HDB in the 1st place.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.
hehe, thanks to people like you who easily believe in them, everything is inflated.
Let me give you a list of highly 'subsidized' things in Singapore (oh man, we are so 'lucky')
1. HDB is highly 'subsidized'
This became a heated argument after someone whacked them in ST Forum displaying what he believed to be the base cost of a HDB flat.
Later on, the HDB admitted that the so-called subsidy is a MARKET subsidy. A MARKET subsidy is NOT a subsidy.
They merely calculated a supposed value that the flat should cost on the open market, and then put a discount on that value.
2. University fee is highly 'subsidized'
This is one of my favourites. Whole day, the govt were trumpeting that they were highly subsidizing our school fees. Then we realized that most times, the govt likes to calculate something called Opportunity Costs.
Opportunity Costs, if you would know, is not a cost at all, but is in fact a harping of how much they could have made on the land if they had used it for something else. But to plant such costs into the total costs of our education is, to me, never correct.
In fact, if you look all around, all costs are inflated. Our govt really uses Opportunity Costs to the maximum.
I think they learnt their trade from one industry the most. HOTEL.
Rack rates are always inflated and almost never actually charged on customers. -
By the way, for those cash-poor, SINGLE-asset rich Singaporeans like me, when prices increase, there is no benefit for you and I, because we don't rent out our flat since we are staying in it.Originally posted by Daddy!!: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.
The only ones who benefit from SINGLE-asset Singaporeans is IRAS (ie our govt). Increase the valuation of our property, and collect more tax.
Everything that happens, the Govt wins. -
By the way, you probably fall in the list of normal SingaporeansOriginally 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.
Normal Singaporeans => Forgetful, always have loss of memory. Cannot remember what PAP did to them => GO back to voting for them after collecting a miserable $1k from them => Here we go again.
This article fighting the HDB on their so-called subsidy appeared in ST Forum, and HDB was forced to reply to say that the so-called subsidy was Market Subsidy.
If you forgot about the above, then no one can help you. And if you vote PAP again, then don't complain when they milk you dry. You deserve it -
nothing unusual.....anyway i happened to see the tenders & developers models @ maxwell URA. quite impressive development with sky gardensOriginally 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? -
your repayment loan is about $3.5k a month for a 30 years loan. so on top of your cpf contribution, u top it up with cash...Originally posted by play_n_play: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???
but remember, u own the lease, not the house. that is a big difference leh. -
Well said mate!! X2Originally posted by soul_rage:By the way, for those cash-poor, SINGLE-asset rich Singaporeans like me, when prices increase, there is no benefit for you and I, because we don't rent out our flat since we are staying in it
The only ones who benefit from SINGLE-asset Singaporeans is IRAS (ie our govt). Increase the valuation of our property, and collect more tax.
Everything that happens, the Govt wins.
Think lots of ppl forgotten two important things....after received ERS, GST rebate, PUB rebate, CC rebate...etc
WHAT ARE THE BASIC OBJECTIVE OF HDB?
Is to provide affordable PUBLIC housing under SUBSIDY rate!
to ensure all Singaporean are affordable to have a roof. It is a public service organizasion, NOT a profit making firm!!!!
It shoudn't level their new flat selling price according to what is happening in the resales market!
WHAT IS HDB FLATS?
its is a PUBLIC HOUSING!!!! NOT A PTE PROPERTY!!!!
we're not owning the house! only own the lease.....
& it is not for speculate or making tons of money from the resales market!!
That's the reason they implementing resales tax at 25%?? 20%??
& also limited number of chance we can apply a new flat from HDB.
Since it is just Public housing & under control by HDB, there's no reason for them to affected what had happen in the open market!! & worst! they are comparing the price in the open market & set their new selling price....
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hehe if you continue, there are many more conflicts of policies in what the govt does.Originally posted by baby hunter:Well said mate!! X2
Think lots of ppl forgotten two important things....after received ERS, GST rebate, PUB rebate, CC rebate...etc
WHAT ARE THE BASIC OBJECTIVE OF HDB?
Is to provide affordable PUBLIC housing under SUBSIDY rate!
to ensure all Singaporean are affordable to have a roof. It is a public service organizasion, NOT a profit making firm!!!!
It shoudn't level their new flat selling price according to what is happening in the resales market!
WHAT IS HDB FLATS?
its is a PUBLIC HOUSING!!!! NOT A PTE PROPERTY!!!!
we're not owning the house! only own the lease.....
& it is not for speculate or making tons of money from the resales market!!
That's the reason they implementing resales tax at 25%?? 20%??
& also limited number of chance we can apply a new flat from HDB.
Since it is just Public housing & under control by HDB, there's no reason for them to affected what had happen in the open market!! & worst! they are comparing the price in the open market & set their new selling price....
1. COE
COE was meant to control the car population. Then they increase the no. of cars (hence lower the COE) and then started allowing people to take 100% car loan so that they can literally drive the car off without paying anything in advance.
COE -> Limit Cars.
Allow 100% loan -> Increase demand for cars.
2. ERP
ERP was started off to control traffic INTO the CBD (probably all our forgetful Singaporeans would have forgotten about this by now). Now ERP is used to charge you in the evenings going OUT of the CBD, hence totally deviating from the original purpose -
I am coming back to the definition of Subsidy
Subsidies usually come with the Govt sacrificing for the people.
1. Tax subsidy entails less collection of taxes, hence loss of revenue
2. Subsidy in the form of cash (or on price controls of basic goods) results in expenses from the Govt
Our Govt's subsidies?
Mostly subsidised on an already well inflated price, thus no subsidy in the 1st place.
Mouth talk only. -
Regarding the CBD area, I think it was $2 or $3 for a day pass to enter the CBD way before the ERP era.Originally posted by soul_rage:hehe if you continue, there are many more conflicts of policies in what the govt does.
1. COE
COE was meant to control the car population. Then they increase the no. of cars (hence lower the COE) and then started allowing people to take 100% car loan so that they can literally drive the car off without paying anything in advance.
COE -> Limit Cars.
Allow 100% loan -> Increase demand for cars.
2. ERP
ERP was started off to control traffic INTO the CBD (probably all our forgetful Singaporeans would have forgotten about this by now). Now ERP is used to charge you in the evenings going OUT of the CBD, hence totally deviating from the original purpose