Ridiculous HDB Prices
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Originally posted by Demon Bane:
I actually have a fren doing just that!
Your friend might have done that before the current slew of rules from HDB came to effect. Now it is not that easy, Marlboro Tan is panicking like a king who just woke up and found out his army had deserted him.
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Originally posted by Askingyouto:
Your friend might have done that before the current slew of rules from HDB came to effect.
Yes my fren is lucky.
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Originally posted by charlize:
Interesting read....soon prices will fall !!!
Get ready to grab !!! -
I'm still waiting patiently....for the property bubble to burst....
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u wait, by then, casket price goes up liao
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Originally posted by angel7030:
u wait, by then, casket price goes up liao
Hahaha! I think within 2 yrs the prices of HDB flats will reduce 30% at least. -
Originally posted by Demon Bane:
Interesting read....soon prices will fall !!!
Get ready to grab !!!
1 week only...the rise up like a rocket... -
Originally posted by Jiani:
1 week only...the rise up like a rocket...It will come down, we must be patient.
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Originally posted by charlize:
Economy will soon enter recession and the prices of HDB flats will dive....
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The cost of land in Singapore is priceless and Singaporeans are already getting them for a song and is the reason why they are lining their pockets every few years from price appreciations. The fact is that we are a nation within a city and this tiny island is all that we have for the 5-6 million bright, capable, and wealthy people eventually. So do not expect to pay less but more in future for HDB flats.
Decent comparable homes in all major cities around the world are not any cheaper than Singapore, in spite of their huge land mass and hinterland. Prices of HDB flats in Singapore are NOT ridiculous. They reflect the market value at this point in time, and is likely to continue to rise as income level increases with more imports of talents and wealthy individuals who appreciates our system.
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HDB reviewing rules on siblings buying resale flats.
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Originally posted by Beneo2006:
The cost of land in Singapore is priceless and Singaporeans are already getting them for a song and is the reason why they are lining their pockets every few years from price appreciations. The fact is that we are a nation within a city and this tiny island is all that we have for the 5-6 million bright, capable, and wealthy people eventually. So do not expect to pay less but more in future for HDB flats.
Decent comparable homes in all major cities around the world are not any cheaper than Singapore, in spite of their huge land mass and hinterland. Prices of HDB flats in Singapore are NOT ridiculous. They reflect the market value at this point in time, and is likely to continue to rise as income level increases with more imports of talents and wealthy individuals who appreciates our system.
Good economy or bad economy, the prices will not fall to 80's price levels....
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Will HDB prices fall after election? We shall see....I think no effect on property prices....
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Originally posted by charlize:
it is always easy to talk about the market after it has happened. So should we wait for the market to drop??
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personally i dont think HDB prices will come down 20-30%.
fall at most 5%. the govt will not allow HDB prices to fall that much for fear of creating a asset crash. unlike most countries HDB controlled 60-70% singapore home ownership. but cutting new house supply they can effectively control the prices of HDB within a specify range.
unlike in the late 90 and year 2000 which alot of HDB flats go underwater. the influx of PR and foreigners will ensure there are demand of houses in a country which land are scare and limited.
i urge all singaporeans not to wait for the prices of HDB to fall 20-30%. buy what you can afford or barely afford. the prices of houses are here to stay. singapore govt has alot of tools to control the housing market. they only thing they dont control is how much are you willing to pay. buy wisely.
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Originally posted by sgdiehard:
it is always easy to talk about the market after it has happened. So should we wait for the market to drop??
If I knew, I would be sipping martinis in some island in the Caribbean.
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The resale/open market went crazy, the govt is not doing enough to curb the sky rocket high prices....more measures should be done....
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IMO, Resale property market is based on the fair competition for potential buyers who are within their buying power (not incurring too much borrowing over housing through monthly installment) by exploiting the free market mechanism. Housing is only a roof over to provide temporary shelter in this short span (150 year old :D) of happy life. Happy is not entirely measure by the materials one's possessed, it is the satisfaction over it and love of life. Cost of living is an undeniable fact of grave concern to most, and one should prudently spend within own means. A strong support of a cohesive and happy society need the understanding of life and commitment for both the government and the public. Top government officials are earning very high pay, they may lack the true feel of most of those low and middle income earners who struggled to make end meet, especially when they have children. Even any adjustment of pricing in any commodity directly has a domino effect on all commodities, which means, low and middle income earner are poorer, and they have to struggle by readjusting their spending because of family future well beings. For the government, the new public housing ought to remain very affordable to first time buyer, and the middle income up grader or down grader have to exercise prudent spending. For first time buyer of new couple on resale flat, probably government has to workout more subsidies with caveat in place if no afforable new flat available. There were also new couple buying resale flat as it was meant to be re-enbloc as well. What if new flat is not advisable to be built due to enivirnoment consideration as any land release for housing development would post greenery problem. All in all, live within one's mean, and government high earners ought to exercise prudent is decision making on any price hike. If there is any price hike in Singapore due to hike of raw materials and commodity, salary has to immediately adjust upward for low and middle incomer family, especially the low income family. It is the onus of employer, for any increase of income for this family is also a charitable deed
Most importantly, is proper core value education of happy life within one's mean that would ensure an everlasting peace and bliss regardless of race, language and religions.
Wish all good health, good luck and lot of fortune. -
Originally posted by Whimsy:
IMO, Resale property market is based on the fair competition for potential buyers who are within their buying power (not incurring too much borrowing over housing through monthly installment) by exploiting the free market mechanism. Housing is only a roof over to provide temporary shelter in this short span (150 year old :D) of happy life. Happy is not entirely measure by the materials one's possessed, it is the satisfaction over it and love of life. Cost of living is an undeniable fact of grave concern to most, and one should prudently spend within own means. A strong support of a cohesive and happy society need the understanding of life and commitment for both the government and the public. Top government officials are earning very high pay, they may lack the true feel of most of those low and middle income earners who struggled to make end meet, especially when they have children. Even any adjustment of pricing in any commodity directly has a domino effect on all commodities, which means, low and middle income earner are poorer, and they have to struggle by readjusting their spending because of family future well beings. For the government, the new public housing ought to remain very affordable to first time buyer, for middle income up grader or down grader, they have to exercise prudent spending. For first time buyer of new couple on resale flat, probably government has to workout more subsidies with caveat in place. There were new couple buying resale flat as this flat is going to be re-enbloc as well. What if new flat is not advisable to be built due to enivirnoment consideration as any land release for housing development would post greenery problem. All in all, live within one's mean, and government high earners ought to exercise prudent is decision making on any price hike. If there is any price hike in Singapore due to hike of raw materials and commodity, salary has to immediately adjust upward for low and middle incomer family, especially the low income family. It is the onus of employer, increase of income for this family is also a charitable deed :D Most importantly, is proper core value education of happy life within one's mean.
Wish all good health, good luck and lot of fortune.Interesting point you have there....so u think the resale market prices will go up or down? I'm waiting to buy....what's your strategy if any?
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Originally posted by Whimsy:
IMO, Resale property market is based on the fair competition for potential buyers who are within their buying power (not incurring too much borrowing over housing through monthly installment) by exploiting the free market mechanism. Housing is only a roof over to provide temporary shelter in this short span (150 year old :D) of happy life. Happy is not entirely measure by the materials one's possessed, it is the satisfaction over it and love of life. Cost of living is an undeniable fact of grave concern to most, and one should prudently spend within own means. A strong support of a cohesive and happy society need the understanding of life and commitment for both the government and the public. Top government officials are earning very high pay, they may lack the true feel of most of those low and middle income earners who struggled to make end meet, especially when they have children. Even any adjustment of pricing in any commodity directly has a domino effect on all commodities, which means, low and middle income earner are poorer, and they have to struggle by readjusting their spending because of family future well beings. For the government, the new public housing ought to remain very affordable to first time buyer, and the middle income up grader or down grader have to exercise prudent spending. For first time buyer of new couple on resale flat, probably government has to workout more subsidies with caveat in place if no afforable new flat available. There were also new couple buying resale flat as it was meant to be re-enbloc as well. What if new flat is not advisable to be built due to enivirnoment consideration as any land release for housing development would post greenery problem. All in all, live within one's mean, and government high earners ought to exercise prudent is decision making on any price hike. If there is any price hike in Singapore due to hike of raw materials and commodity, salary has to immediately adjust upward for low and middle incomer family, especially the low income family. It is the onus of employer, for any increase of income for this family is also a charitable deed
Most importantly, is proper core value education of happy life within one's mean that would ensure an everlasting peace and bliss regardless of race, language and religions.
Wish all good health, good luck and lot of fortune.
resale market of HDB should be reserve for singaporeans only.PR should not be eligible at all. eliminating this segment of demand, prices will drop.
But govt will never sought this route. telling us bullshit story we need them.
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Don't worry, there are enough flats for everybody.
Really.