Ridiculous HDB Prices
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Originally posted by angel7030:
no need to touch wood, i had been touching lots of wood, but still prices keep increasing, better go woodland.Well, it was me who bring this puzzle to you, aint it? Frankly, it is because resale belong to a free market, and PRs, single at certain age can also buy freely, so that makes it very high on demand, so the supplier, those greedy older singaporeans who own flats..up the prices to supplement the demand, more so with the greedy govt churning the prices higher by saying that it is still affordable so as to collect more sale and Gst taxes, ended up, resale prices went up so high that began to come out with policy to cool it, but still high, isn't that hyprocrisy on the govt part??
Why people will still buy 30y old properties? So many are cash rich meh?
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Originally posted by Demon Bane:
Why people will still buy 30y old properties? So many are cash rich meh?
Firstly, it can be the location, Secondly, as I said, unable to get new flats due to certain critieria not met, thirdly, hoping for enblock which get paid and yet given a new flat with first priorty in choosing the flat you want. -
Originally posted by angel7030:
Firstly, it can be the location, Secondly, as I said, unable to get new flats due to certain critieria not met, thirdly, hoping for enblock which get paid and yet given a new flat with first priorty in choosing the flat you want.Up to a certain age the banks will not lend $....have to use cash + CPF....that means upon retirement, no $ in CPF.....all gone to the housing.
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Originally posted by Demon Bane:
Wahhh....u sure? Singapore got so rich people meh?? Why they buy HDB then if they're so rich? We are talking about a few hundred K cash leh....Serious?
Yar serious.HDB flats are good because rental > loan interest repayment meaning its a good investment.
Some Sg ppl will not realise it as they have to live in it is all.
From an investor's perspective buying real estate is to generate wealth (Capital gain/rental income). Whether it is HDB or private is irrelevant. To me it is all numbers/figures. And besides the investor would have a portfolio and because SG Garment only allow 1 HDB flat what made you think that said investor only has 1 property.
Is it because after doing some number crunching you found out that it takes half your working lifespan to pay up for one?
Go and migrate ba.
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Originally posted by Demon Bane:
Up to a certain age the banks will not lend $....have to use cash + CPF....that means upon retirement, no $ in CPF.....all gone to the housing.
Then live in your current house lah, no money why go buy house?? Like LKY said,"Dun sell", you dun sell, he dun sell, property market, especially resale will burst, then the new house will become more expensive, becos when peoples cannot get old house, they go for new house, which will go up.You must also understand banks, how can they loan you if you have only 10 to 5 years left of living?? remember HDB insurance got a clause that said, the main leaser, upon death, shall be taken as loan free, his or her dependents shall take over the house under clause.....n........death by committing suicide...blah blah is not taken as death here...blah blah....100 pages...all must sign until blur blur. I saw my Uncle and Aunty signed before, wha...as I glance around all also knock head and signed all pages. For us private property, we get our lawyer to go thru the deed before putting our pen on it, HDB is lawless, never let people fully understand, non get a third party to make them understand, just sign and take keys, haiz. Even if they said you owe them 1 million people also blur blur sign.
And finally, bear in mind, you lease from HDB only hor, not buy ya...lease also pay few hundred thousands, my goodness
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Pay so much and the house still dun technically belong to us....ya lor, on lease only....like long term rental....
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Originally posted by Demon Bane:
Pay so much and the house still dun technically belong to us....ya lor, on lease only....like long term rental....
Like I said, you planning to live till 120 years old?
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Originally posted by eagle:
Like I said, you planning to live till 120 years old?
it means that the asset cannot stay in the family, to be pass down from 1 gen to next gen and so on.
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If you bought properties from mature estates with less than 60 years, I doubt you can hand it down to anybody.
The only person you can hand it down to is HDB.
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price trend : http://www.iproperty.com.sg/transactedproperty
another site:
Dec 30, 2010 - PropertyGuru.com.sg
HDB flats have become smaller over the years, but the majority of occupants nowadays actually have more space as the size of families has also decreased.
This trend is reflected from the data that The Business Times obtained from HDB. Since the 1980s to 2000s, each type of flat has been scaled down. The changes appear most noticeable from the 1990s to the 2000s.
HDB said it “reviews flat sizes regularly, taking into consideration changes in demographic trends and lifestyle habits, as well as the need to optimise limited land available for housing”.
Property hunters have observed the change in the sizes of flats. The change stands out especially to those who have been looking for resale flats across estates, said Chris Koh, director of Dennis Wee Group.
Mohamed Ismail, chief executive of PropNex, agreed that flats have gotten smaller in the past 20 to 30 years, but stressed that there has also been a more “efficient use of space”.
While data from HDB proves that flats have gotten smaller, it also emphasises that many residents nowadays should have more living space since their families are smaller.
Based on official surveys, the average household size was 3.4 and 4.6 in the 2000s and the 1980s, respectively. This means that an occupant in a 110 sq m five-room flat will have 32 sq m of space to himself, while a resident in a 123 sq m five-room flat in the 1980s had only about 27 sq m of space.
“Over the years, while flat sizes have been adjusted, living space per person has improved for HDB residents as household size has decreased due to the nuclearisation of families and formation of smaller families,” said HDB.
HDB “will continue to provide a wide variety of flats and ensure that flat sizes are reviewed regularly to cater to prevailing and future needs”. -
Singaporeans are in a relatively unfavorable and in a sorry state in many ways – eg, high cost of living has been oversold as higher standard of livng, so-called subsidized HDB flats though claimed to be offered at reasonable prices is in fact most likely untrue and no independent source(s) have yet to or has it ever been verified. HDB has never and doubt it will ever release the actual costing (costs) or how they came about with this pricing. Why the secrecy? All that is palpable is HDB fattening itself on $$$ and if it is not rationalizing, it is hoodwinking the citizens into believing half-truths and sadly roped in a conniving media (we dont have a msm, a lame one - yes!) to prop itself up and propagate its one-sided stories n truth-sounding lies. That we are mired with a leadership that purports to be a democracy is our undoing because we acquiesced unawares to a one-party system and today the reality is far from it. It is a pseudo-democracy and it is in actuality a dictatorship. Singaporeans have been for much too long deluding themselves that they have an accountable, responsible, just and transparent govt. It is a myth – the reality is that it stinks from all quarters! Even if one tries to obtain info or .., one is more likely to run into a bureaucratic cul-de-sac. If they really “listened� n not hear they would have made a big difference to many lives and Singaporeans would be proud of them as a government or what-have-u. . Also, the incumbent ruling party/govt keeps harping on this: that other models or so-called political models (eg multi-party/proportional representation) are unsuited for Singapore and it must be discouraged or eschewed at any cost;of course, it is utter rubbish and crap and one has to be an imbecile to subcribe to such rantings! Beware, it is a ploy to perpetuate power and the rationale and arguments put forth seems at best hollow and dubious. Citizens ought to be able to decide and it is thro wise voting. To be dictated to as to what is ‘good’ for the citizens is not being democratic but telling people that u are not wise, u are immature – ‘let me decide’. They have decided enough and ENOUGH IS ENOUGH lar. Is not this being enslaved to a system (one-party state) that is choking and stultifying us in many ways? Eg, this bullshit about ‘Swiss standards’ or ‘good’ years simply vaporized! what an insult! Why is there no longer this mention of attaining Swiss standards. ‘It was talking cock’ during elections. It was futurizing and the reality today is, to cite a jarring eg. PMETs are driving taxis, wating on tables and … add on. From health to education to transport n CPF … – all one way traffic. Who are these people who sit in committees or bodies that make recommendations or implement … people who are ostensibly yes-man/woman! Why? Simply, cos the one-party system is in the favour of the ruling party or govt. It is NEVER AND WILL NEVER be transparent or accountable to the people (citizens). Does Singapore ministries or govt depts have an OMBUDSMEN? Do we have checks n balances? Who is checking whom? Imagine an independent organisation or an oppostion party – it would make a BIG difference. The so-called ‘’self-check� mechanisms are at its best lip service gestures, cursory and perfuntory and at its worse, sadly spurious! These are questions that Singaporeans need to seriously consider when they vote and hopefully not be simply be swayed by short-term money handouts or rebates or for that matter, eg, the upgrading programs that had been recently announced. All of us know , ti will eventaully be recouped (hidden) through price escalation/increases in medical,tranport, …. add on Also, the FT (foreign ‘talent’ in quotes cos the incument govt defined and decided which or what is .., on close scrutiny it seems so facetiously shallow) policy is not in the favour of SIngaporeans but to the advantage of the govt. Do other countries allow foreigners to take up PR/citizenship so VERY easily and facilitate them and what is worse is that Singaporeans who were born here and in some ways directy/indirectly contributed to the country have to COMPETE for jobs, schools and who knows what else is to come. Why accord preferences (preferential treatment) to foreigners when NS is concerned? It is criminally unfair! Utter shame that it has come to this. This is a self-serving policy. The benefit(s) of FT policy to the citizens is a mere trickle effect! It seems more of a political tool to leverage (and benefit) during elections. Lest one forgets, higher poplulation means higher GDP = means higher salaries for ministers and their cohorts cos salaries are pegged to GDP. For the sake of political n personal gains and expediency, Singaporeans have been (and are being) sacrificed and pawned. By ignoring the realities we are unwittingly perpetuating ‘ tyranny’. The crime of ‘tyranny’ would persist as long as we are complicit and stay non-chalant to this charade. Singaporeans, need to wake up and disallow these state of affairs to persist and seriously consider a two/multi party system. It may not be perfect but is all hunky dory now? The past does not equal the future. There is no nation, no country, individuals make up that nation or country. It is the quality of individuals that makes or breaks a nation/country.Life without dignity is worthless. Hopefully Singaporeans understand and vote sensibly and vote for BIG changes. .
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I heard that there will be less and less 5 room hdb flats due to less children in the family. More 2,and 3 room hdb flat will be built.
Is it true?
And in future those living in 5 room will fetch a very good and high price.
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in future, 5 rooms will upgrade into two 3 rooms flat. And as time goes by, when properties and things become so expensive, you will see one room flats being build or upgrade from those 4 and 5 rooms, this is to cater more and more foreigners to have a roof on top of their head. Those below average earning of $5000 per month will all live in one room flat with a iron gate, just like prison
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no kidding it will be like new york city where1 room apartments the size of a shoe box will cost $2000/mth to rent and u will have to find a foreign immigrant to share the room with,and only the upper middle class with incomes above $250k a year can afford to live in decent neighbourhoods.and only in new york can the poorest and richest neighbourhood in america exist side by side,cross a bridge and suddenly theres drug dealers ,liquor stores and gunshots on every corner
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The resale market is crazy....people asking for 2x or 3x the prices of new flats...
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How do the rich view people living in HDB flats?
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Originally posted by Demon Bane:
How do the rich view people living in HDB flats?
Goomeuf.
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Originally posted by Demon Bane:
How do the rich view people living in HDB flats?
From a gal living in double storeys' private property, we tend to look up at HDB.Seems like getting higher and higher...
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Originally posted by charlize:
sounds like a lot of hot air..... saying to launch, its different from built (note the past tense) -
Originally posted by mistyblue:
sounds like a lot of hot air..... saying to launch, its different from built (note the past tense)Once you understand how things work, then you will know how to read between the lines for all these announcements and news reported.
It's election time.
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just wait for the mrt line to be built in Iskandar, Johor.
then we 2nd-class sporeans can go move over there instead.
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Originally posted by deathmaster:
just wait for the mrt line to be built in Iskandar, Johor.
then we 2nd-class sporeans can go move over there instead.
then the johorean start to complain about foreigners and so on...
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