Not enough HDB flats
-
Hi everyone,
Let me relate my story. I am 30+ this year, married for three years. My wife and I have been very supportive of the government's baby policy and we already have a baby.
We would like to have more kids, but our current situation does not allow us to do so. I will elaborate further.
Since 2004, I have been balloting for HDB flat. And the queue number has been always extraordinary long. From not married, to married and now having a baby. I am a avid subscriber of HDB news, and a loyal HDB balloter. 5 years have passed and no flat.
I have brought up my case to my MP and MCYS and the reply from HDB is always to same...that is too look out for resale market. Now the problem is....a young married couple like us, and especially now with a new member in our family...how could we afford the upfront cash involved in resale flat transaction. To be honest, I am very disappointed with the kind of insensetive answers from the authority. To quote the actual word used by my MP, he thinks that I am super "suay". And also another quote from him, "Yes, you are first timer applicant, but first timer applicant with first timer priority does not guarantee you a first timer flat".
There are other disadvantages of resale flat, which I will explain further.
1. Possibility involvement of high cash payment, pending to the seller. Which equate to no more money to pay for renovation.
2. Yes, you can use CPF to pay the loan (whether bank or HDB). However, you need to use cash to pay for the cummulative interest accumulated over the period you have loan. And this means, that when you are old, make sure you have lots of cash to pay for the interest accumulated over 20 to 30 years. It could amount to $1000 a month for a period of 3 years.
3. As a first timer, you are entitled government grant if you buy resale flat. When you decide to give up this resale flat for a new HDB flat, you have to pay back this government grant.
4. The unknown history of the flat, whether wear, tear or others.
In the HDB reply, they also point out that we can go for BTO (Build To Order) flat. Again, problem is we are already married with baby, how can we wait 3 years?
In addition, HDB also point out that they have shorten my queue number. In the last balloting exercise for 149 flats, my queue number is half of the total 1500++ application. My God! there are bascially 10 applicants competing for 1 HDB unit. Does the head of HDB even aware there is an extreme shortage of flats in Singapore.
And with queue number of 700 for 149 flats, it does not even get me any place nearer to choose a flat. So we continue our live as modern nomad...till the next balloting exercise we will try our luck again.
The morale of the story is...(in my opinion)
There is extreme shortage of HDB flats in Singapore, but if you are rich and can afford a condo or if you have lots of cash on-hand then you will not face housing problem like an average Joe.
Don't get married, because you will not have flat problem
Don't have kids, because it does not prioritize your chances of getting a flat.
Thank you for your attention and please share your thoughts.
-
i couldnt agree more. the govt's stance of controlling the supply of flats just for the sake of propping up property values do not take people like u and me into consideration. ST always like to propagate the fact that hdb flats are enjoying red hot demand.. but of course! how many people can afford private property? to think that i have to pay 200k+ for a 4 room flat in a suburban district pisses me off.... but i also have no balls to migrate because i feel that this is ultimately home.
and to think that now they are trying to boost demand by converting foreigners into citizens and PR... what's wrong with having a 3 million plus population? where did the arbitrary figure of 6 million come about?
don't worry. u're not alone on this. i feel for you. anyway, congrats on your newborn!
p.s. sorry just had to rant for abit.
-
You are just collateral damage, to them. They will not change their "Take as much of the people's money as possible" policy just because there are some collateral damage.
-
Nowadays, some new HDB flats cost more than half a million dollars.
Good luck if you don't earn 10K a month.
-
Valid case ... should write to newspaper ...
If your MP is PAP .. confirm they will do something ...
-
Originally posted by Ice Dive:
Valid case ... should write to newspaper ...
If your MP is PAP .. confirm they will do something ...
you mean there are MPs who are not in PAP?
-
Originally posted by Achilles.:
you mean there are MPs who are not in PAP?
Hello?? Low Thia Kiang and Chaim See Tong are MPs, but not PAP one wad. Duh. -.-"
-
Originally posted by seotiblizzard:
Hello?? Low Thia Kiang and Chaim See Tong are MPs, but not PAP one wad. Duh. -.-"sorry i'm not familiar with the local news. my humble apologises for my ignorance.
-
Hi TS,
i bought my current unit in 2004. from my application and getting one, i took me less than a year. In fact it was too fast for me.
the pt is this, are you choosy in location? in 2004, there are lotsa units in Jurong west area. especially Jalan bahar area. If you are applying for one in 2004 i think you could get it easily.
Did you apply for jurong west then? if not, why not?
-
hannor hannor.. there's so many empty flat in jurong... and u saying cannot get???? u kena blacklisted is it hahahaa
-
If it's since 2004, there were lots of flats in Punggol and Sengkang as well
-
TS: There're people in worse situations than you. Grow up.
-
my brother last year of uni studies in 2006 apply flat riao.
now building. -
Originally posted by foxwalk:
TS: There’re people in worse situations than you.
Grow up.
Hmm he's just sharing his story and airing his frustrations which are valid.Do you have respond rudely?
-
Originally posted by since1976:
Hi everyone,
Let me relate my story. I am 30+ this year, married for three years. My wife and I have been very supportive of the government's baby policy and we already have a baby.
We would like to have more kids, but our current situation does not allow us to do so. I will elaborate further.
Since 2004, I have been balloting for HDB flat. And the queue number has been always extraordinary long. From not married, to married and now having a baby. I am a avid subscriber of HDB news, and a loyal HDB balloter. 5 years have passed and no flat.
I have brought up my case to my MP and MCYS and the reply from HDB is always to same...that is too look out for resale market. Now the problem is....a young married couple like us, and especially now with a new member in our family...how could we afford the upfront cash involved in resale flat transaction. To be honest, I am very disappointed with the kind of insensetive answers from the authority. To quote the actual word used by my MP, he thinks that I am super "suay". And also another quote from him, "Yes, you are first timer applicant, but first timer applicant with first timer priority does not guarantee you a first timer flat".
There are other disadvantages of resale flat, which I will explain further.
1. Possibility involvement of high cash payment, pending to the seller. Which equate to no more money to pay for renovation.
2. Yes, you can use CPF to pay the loan (whether bank or HDB). However, you need to use cash to pay for the cummulative interest accumulated over the period you have loan. And this means, that when you are old, make sure you have lots of cash to pay for the interest accumulated over 20 to 30 years. It could amount to $1000 a month for a period of 3 years.
3. As a first timer, you are entitled government grant if you buy resale flat. When you decide to give up this resale flat for a new HDB flat, you have to pay back this government grant.
4. The unknown history of the flat, whether wear, tear or others.
In the HDB reply, they also point out that we can go for BTO (Build To Order) flat. Again, problem is we are already married with baby, how can we wait 3 years?
In addition, HDB also point out that they have shorten my queue number. In the last balloting exercise for 149 flats, my queue number is half of the total 1500++ application. My God! there are bascially 10 applicants competing for 1 HDB unit. Does the head of HDB even aware there is an extreme shortage of flats in Singapore.
And with queue number of 700 for 149 flats, it does not even get me any place nearer to choose a flat. So we continue our live as modern nomad...till the next balloting exercise we will try our luck again.
The morale of the story is...(in my opinion)
There is extreme shortage of HDB flats in Singapore, but if you are rich and can afford a condo or if you have lots of cash on-hand then you will not face housing problem like an average Joe.
Don't get married, because you will not have flat problem
Don't have kids, because it does not prioritize your chances of getting a flat.
Thank you for your attention and please share your thoughts.
"Don't get married, because you will not have flat problem
Don't have kids, because it does not prioritize your chances of getting a flat."
these bits blew my mind ....
if that's on one of your pros and cons lists of getting married and having kids .... I think you have a serious issue here, I feel very sorry for you ....
people get married out of love ... people have kids because it's the ultimate testaments to their union .....
but for you ?!?!?! .......
-
I don't see any problem buying resale flats. My friend didn't want to wait and bought a 3 room flat in AMK for about 280k. I'm sure TS could easily have found one in a less central location for less money. There're people worse off out there. Don't think there are no solutions. There are solutions, just that he's unwilling to take them for all the stupid unfounded reasons he has. More like excuses.
-
whats your household income
-
Originally posted by foxwalk:
I don’t see any problem buying resale flats.
My friend didn’t want to wait and bought a 3 room flat in AMK for about 280k.I’m sure TS could easily have found one in a less central location for less money.
There’re people worse off out there. Don’t think there are no solutions.
There are solutions, just that he’s unwilling to take them for all the stupid unfounded reasons he has.
More like excuses.
do you even have your own flat? how old are you?
The threadstarter obviously has his preferences which are different from your ideals. why do your remarks need to sound so condescendingly derogatory?
the choice of a matrimonial home is a huge decision and a heavy financial commitment. if the threadstarter so decides that resale flats are out of his reach and decides that new flats offer more value, who are you to say his decision is wrong?
are you paying for his flat? do you know that resale flats are (imho: unneccessarily) more expensive than new flats in the same area? (which doesnt make sense to me, esp on a 99 year lease)
-
btw, TS, you could try for champions court. application ratio to number of flats available is about 3:1, and honestly i think it's an affordable place in a good locality.
drawback is it would only be ready by 2013...
-
Originally posted by charlize:
Nowadays, some new HDB flats cost more than half a million dollars.
Good luck if you don't earn 10K a month.
if you earn 10k a month .. you won't qualify to buy flats from HDB. even DBSS ones ...
-
Don't get married, because you will not have flat problem
Don't have kids, because it does not prioritize your chances of getting a flat.
Hi TS,
personally i think you have to sort out your thoughts. what are you married and have kids for? If you think they are impt, you could have compromise to buy a resale flat at a location that is affordable or demand a lower cash.
I somehow relate that to nowadays youngster believe :"dont have a good uni degree, you are nothing".
i think the reason you dont a unit is because you care choosy about location. coz in 2003-2005 there ar abundant of units in jurong west area and sengkang. unless you are looking for queenstown, redhill, etc.
-
why not stay with parents?
-
no HDB then go for private lo...HDB 99 years...private 999 can last your kids and his kids and their kids...that is if you can afford it...
-
deino,
I guess u dont read what TS has said. if he is having trouble to pay for cash upfront, u think buying private property is viable?
u need to be realistic bro.
-
Originally posted by since1976:
Hi everyone,
Let me relate my story. I am 30+ this year, married for three years. My wife and I have been very supportive of the government's baby policy and we already have a baby.
We would like to have more kids, but our current situation does not allow us to do so. I will elaborate further.
Since 2004, I have been balloting for HDB flat. And the queue number has been always extraordinary long. From not married, to married and now having a baby. I am a avid subscriber of HDB news, and a loyal HDB balloter. 5 years have passed and no flat.
I have brought up my case to my MP and MCYS and the reply from HDB is always to same...that is too look out for resale market. Now the problem is....a young married couple like us, and especially now with a new member in our family...how could we afford the upfront cash involved in resale flat transaction. To be honest, I am very disappointed with the kind of insensetive answers from the authority. To quote the actual word used by my MP, he thinks that I am super "suay". And also another quote from him, "Yes, you are first timer applicant, but first timer applicant with first timer priority does not guarantee you a first timer flat".
There are other disadvantages of resale flat, which I will explain further.
1. Possibility involvement of high cash payment, pending to the seller. Which equate to no more money to pay for renovation.
2. Yes, you can use CPF to pay the loan (whether bank or HDB). However, you need to use cash to pay for the cummulative interest accumulated over the period you have loan. And this means, that when you are old, make sure you have lots of cash to pay for the interest accumulated over 20 to 30 years. It could amount to $1000 a month for a period of 3 years.
3. As a first timer, you are entitled government grant if you buy resale flat. When you decide to give up this resale flat for a new HDB flat, you have to pay back this government grant.
4. The unknown history of the flat, whether wear, tear or others.
In the HDB reply, they also point out that we can go for BTO (Build To Order) flat. Again, problem is we are already married with baby, how can we wait 3 years?
In addition, HDB also point out that they have shorten my queue number. In the last balloting exercise for 149 flats, my queue number is half of the total 1500++ application. My God! there are bascially 10 applicants competing for 1 HDB unit. Does the head of HDB even aware there is an extreme shortage of flats in Singapore.
And with queue number of 700 for 149 flats, it does not even get me any place nearer to choose a flat. So we continue our live as modern nomad...till the next balloting exercise we will try our luck again.
The morale of the story is...(in my opinion)
There is extreme shortage of HDB flats in Singapore, but if you are rich and can afford a condo or if you have lots of cash on-hand then you will not face housing problem like an average Joe.
Don't get married, because you will not have flat problem
Don't have kids, because it does not prioritize your chances of getting a flat.
Thank you for your attention and please share your thoughts.
''.how could we afford the upfront cash involved in resale flat transaction.''
there are many low and even no cash sales.
dunt cheat here lah....