Ridiculous HDB Prices
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Expensive housing is a real problem in SG. I dunno the rest of the population but i have difficulty in paying....
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Of coz those who bought HDB flats 30y ago will be laughing their way to the bank becos they can sell their old HDB flats at skyrocket prices nowadays....but for the newly wed and buying HDB flats for the first time, the prices are ridiculous especially have to pay 20y loans...
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30 year loans.
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Huat ah.
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6.9 million people confirm property price will huat .
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What are the causes of high prices in the open market? Do you guys think that the prices will fall ?
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Population keeps increasing, how can prices drop?
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Originally posted by M the name:
For the motorbike accident case, isn't majority of Singaporean get loan of some kinds like HDB or banks etc to buy flat since nowadays it is never possible to pay full amount for flat. Let just said for example the husband had share his wife name on the flat as her husband passed away, do she have to carry the burden for the flat's loan ?
As for that SAF officer, is his debt "cleared" by his insurance after his death? Otherwise if his debtors are like banks etc, I think most of his asset like even his property might be "confiscated" as part of his payment.
For me and my wife, 1987 when we bought the 4S room flat, we bought it with HDB 25 years loan scheme. During that time, we cannot buy the flat from bank loan. Anyway, during that time also HDB flat owners were disallowed to use their flats as collateral to the banks or mortgage it to the bank. It was strictly prohabited by MND. When me and my wife bought our flat, the life and fire insurance plan was automatic, it was included within the purchase agreement with HDB. So, what we were told was that should death occurred to me or to my wife, the flat would be regarded fully paid. As for the SAF officer, the 5 rooms flat in the point block apartment at Normanton Park was actually the government quarters for SAF officers in the past. I guess he had calculated that with his death, all his debts would be fully settled. -
Originally posted by Demon Bane:
What are the causes of high prices in the open market? Do you guys think that the prices will fall ?
It started when the ruling government started to sell more and more state lands to the private developers for private housing.....and MND started to slow down on building more HDB flats... -
If the prices continues to edge upwards, I dunno how our children will be able to get decent sized HDB flats in the future....
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Originally posted by Demon Bane:
If the prices continues to edge upwards, I dunno how our children will be able to get decent sized HDB flats in the future....
That is the worries for most Singaporean parents now for their children whether their children can afford to own their own flat in the future. The way I see it, HDB flats are mainly for Singaporeans or PRs right now and no point to buy a big HDB flat in Singapore. Having a 3 rooms HDB BTO flat is sufficient enough. Important thing now is to save and have money in the bank. Foreigners are laughing at us for buying HDB flats at a ridiculous high price. Foreigners are also laughing at us for buying cars at a ridiculous high price too. I think most foreigners are thinking that Singaporeans are either blind or fools to buy these things at a ridiculous high prices..ask any Malaysians...they are quietly laughing within their hearts at Singaporeans. -
Originally posted by Demon Bane:
If the prices continues to edge upwards, I dunno how our children will be able to get decent sized HDB flats in the future....
you got a flat already? if you have, then wait a few more years, let prices go high up, sell and buy a smaller unit, with the extra money help your children to buy their flat.
This is what is happening in the market. visit all the launches and you see how many parents paying down payment for their children.
When prices of houses come down, interests go up....hmmm....
You think prices will continue to edge upwards??
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Originally posted by zulkifli mahmood:
That is the worries for most Singaporean parents now for their children whether their children can afford to own their own flat in the future. The way I see it, HDB flats are mainly for Singaporeans or PRs right now and no point to buy a big HDB flat in Singapore. Having a 3 rooms HDB BTO flat is sufficient enough. Important thing now is to save and have money in the bank. Foreigners are laughing at us for buying HDB flats at a ridiculous high price. Foreigners are also laughing at us for buying cars at a ridiculous high price too. I think most foreigners are thinking that Singaporeans are either blind or fools to buy these things at a ridiculous high prices..ask any Malaysians...they are quietly laughing within their hearts at Singaporeans.the complaint is that it is the foreigners who are driving the prices up!!! Save money in the bank and earn 0.25% interest rate?? hahaha...good advice.
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Well, at least you have hard cash when you need it..see.
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Originally posted by zulkifli mahmood:
Well, at least you have hard cash when you need it..see.
thanks to rising HDB prices?
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Originally posted by sgdiehard:
thanks to rising HDB prices?
Saving and living within your means is being prudence. Are you prudence? HDB rising prices and foreigners...tell that to the government. And foreigners are still laughing at Singaporeans. -
Originally posted by zulkifli mahmood:
Saving and living within your means is being prudence. Are you prudence? HDB rising prices and foreigners...tell that to the government. And foreigners are still laughing at Singaporeans.I am also laughing...hahahahaha...
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Originally posted by sgdiehard:
I am also laughing...hahahahaha...
Singaporeans living outside Singapore are also laughing. -
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How to survive?
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Originally posted by zulkifli mahmood:
Singaporeans living outside Singapore are also laughing.Sure?
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30 year mortgage loan.
Damn stressed.
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ha ha ha :D :D
my neighbor recently checked out for hdb options on different portals on the web and as he came across the prices of hdb he realized that he will have to take an hdb loan in order to acquire an hdb..
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pay high prices never mind, but pay to live with 他妈的ä¸å›½äºº how to justify?