HDB suck all times .....
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I lived in a 3 room flat. Two years ago decided to move to five rooms as children grown up and both parents want to live with me. The 3 rooms flat did not have lift at all and no one want to buy. After trying to sell for two years, spoke to HDB who is ok to buy back. They sent valuer to value the flat at $188k. ( I bought at $250 k ). We must pay penalty of 10% which is 18k. BUT HDB also want to value current 5 rooms flat also. IF the value is higher, the penalty will based on 5 rooms. I asked, if my five rooms is worth $300k ( I bought at $320K ) then the penalty will be $30k. HDB will take back my flat at ( $188k - $30K), which will be $158k. I will lose about $92K !!!!!
HDB is blood sucking poor citizen who is in desperation !!!!! Now, I got to servce two loans ... How to tahan???? -
The reason is because birth rate drop. If birth rate increases, more people can buy flats, so prices will drop.
But the chance this will happen is zero. Prices may instead go up. -
Face it lah, no matter how well you calculate, in the end, HDB will calculate till you have nothing much left, or anything left at all.
That's the way it is with our government - they can make, we can't. -
I think, not only HDB sucks, the rest too; PUB, CPF, etc..
Their Policies are there to protect their Policies. Whether you live or die, they don't care. -
They seem to penalize ppl who wanted to buy the 2nd flat and sell the 1st. Their policy seem to be against ppl who switch. My father has finished paying up the current flat and intend to buy one near me but if he did not sell his current flat he will have no money to pay for the new flat.
So there is the catch-22 situation. If he sold off before he get a new flat he will be homeless. If he buy the new one before selling his current flat, he will be saddled with payment for the new flat.
The story goes deeper if one has not finished paying the current flat and wanna do a upgrade or downgrade. It seem watever way it is lose money. One way out of it is dun buy hdb but buy condo lor and those restrictions are lifted but condo prices also not cheap.
Conclusion: Once get a hdb flat live until you get evicted by gahmen due to upgrading or until you die. So for first timer who bought flat best to choose one nearby to parents but then usually those flats ard are old
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So that's why there's this website:Originally posted by ShutterBug:I think, not only HDB sucks, the rest too; PUB, CPF, etc..
Their Policies are there to protect their Policies. Whether you live or die, they don't care.
http://www.talkingcock.com/html/jokexec.php?op=JokeView&lexicon=jokes&jcat=Acronym -
And do u know who's the head? "MBT". Everywhere he goes, always a pain in the ass... Look at his previos appointments....? Get it?Originally posted by ORIGAMIST:I lived in a 3 room flat. Two years ago decided to move to five rooms as children grown up and both parents want to live with me. The 3 rooms flat did not have lift at all and no one want to buy. After trying to sell for two years, spoke to HDB who is ok to buy back. They sent valuer to value the flat at $188k. ( I bought at $250 k ). We must pay penalty of 10% which is 18k. BUT HDB also want to value current 5 rooms flat also. IF the value is higher, the penalty will based on 5 rooms. I asked, if my five rooms is worth $300k ( I bought at $320K ) then the penalty will be $30k. HDB will take back my flat at ( $188k - $30K), which will be $158k. I will lose about $92K !!!!!
HDB is blood sucking poor citizen who is in desperation !!!!! Now, I got to servce two loans ... How to tahan???? -
That face turned me off.. so far nothing good come out from him ... Look I'm done for this time ...Originally posted by yjtang71:And do u know who's the head? "MBT". Everywhere he goes, always a pain in the ass... Look at his previos appointments....? Get it? -
Don "bow" to him. Think there are solutions....the back door kind. Ask your prop agent to help.
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Any property agent here can help ??Originally posted by yjtang71:Don "bow" to him. Think there are solutions....the back door kind. Ask your prop agent to help. -
how come u oni pay 10% penalty? i called HDB last mth to sell my 5 rooms flat n downgrade...the officer replied i hv to pay 25% leh.
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Wah, where does the additional 15% come from and go to?Originally posted by augleo:how come u oni pay 10% penalty? i called HDB last mth to sell my 5 rooms flat n downgrade...the officer replied i hv to pay 25% leh.
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you are paying levy... my case is HDB taking flat back and got to pay penalty. Levy I already paid in full.....Originally posted by augleo:how come u oni pay 10% penalty? i called HDB last mth to sell my 5 rooms flat n downgrade...the officer replied i hv to pay 25% leh. -
Maybe landed prop doesnt have all these problems?Originally posted by charlize:Wah, where does the additional 15% come from and go to? -
oic...u aldy pay that 25%...wow!!!
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complain to ur MP ?Originally posted by ORIGAMIST:I lived in a 3 room flat. Two years ago decided to move to five rooms as children grown up and both parents want to live with me. The 3 rooms flat did not have lift at all and no one want to buy. After trying to sell for two years, spoke to HDB who is ok to buy back. They sent valuer to value the flat at $188k. ( I bought at $250 k ). We must pay penalty of 10% which is 18k. BUT HDB also want to value current 5 rooms flat also. IF the value is higher, the penalty will based on 5 rooms. I asked, if my five rooms is worth $300k ( I bought at $320K ) then the penalty will be $30k. HDB will take back my flat at ( $188k - $30K), which will be $158k. I will lose about $92K !!!!!
HDB is blood sucking poor citizen who is in desperation !!!!! Now, I got to servce two loans ... How to tahan???? -
Thought of it. But which MP to go to ? The 3 rooms one of the current 5 rooms one. They are different town. Current one, I ever e-mail but no reply. The old one ever seen him but cannot even solve the problem... sigh... where to go ???Originally posted by pqr:complain to ur MP ? -
Complain to PM lor.Originally posted by ORIGAMIST:Thought of it. But which MP to go to ? The 3 rooms one of the current 5 rooms one. They are different town. Current one, I ever e-mail but no reply. The old one ever seen him but cannot even solve the problem... sigh... where to go ??? -
Write in to the papers what kind of money sucking device is this....levy paid plus penalty charge. 100% there will be a fast reply
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Seow leow ... my friend say I shouldn't post here... They will read one and my case will definately be done to my disadvantage .... how now ??
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Read my case:
Bought 4-room HDB at $255,000 with a $50,000 grant last time. The grant has a 5 years force stay-in period.
Caught wife with boyfirend 3 years into marriage. Wanted to go Divorce.
Luckily I ask HDB about the house & grant issue.
HDB says: "Since you cannot maintenan your family nuclar & you have not satified the 5 years force stay-in period. You only can surrend your flat to HDB."
I ask: "So what is this surrend was."
HDB says: "Surrend is HDB take back your flat at 25% of the evaluation cost. You have to pay the balance in cash."
I ask: "So how much was that?"
HDB says: "if your flat is $250,000 evaluated, HDB only pays you $62500. The other $187500 + Interest you pay in Cash. Also you will be tax 24.5% of the new flat cost upon buying a new flat from HDB because of the grant you have taken. Of course you can choose to buy a re-sale flat which there will not be this tax."
I was SHOCKED
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DOnt worry. They read liao even better. They will make sure your case gets settled first. Dont stop here. Write to the press. Write to the MP. Broadcast it on radio.Originally posted by ORIGAMIST:Seow leow ... my friend say I shouldn't post here... They will read one and my case will definately be done to my disadvantage .... how now ?? -
How to broadcast on radio ??Originally posted by shade343:DOnt worry. They read liao even better. They will make sure your case gets settled first. Dont stop here. Write to the press. Write to the MP. Broadcast it on radio.
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Call news radio 938!Originally posted by ORIGAMIST:How to broadcast on radio ??
Btw, can you explain your situation abit clearer to me? I dont quite get your problem here.... -
interested to know what next... how u maintain the 4 rooms flat?Originally posted by surfer188:Read my case:
Bought 4-room HDB at $255,000 with a $50,000 grant last time. The grant has a 5 years force stay-in period.
Caught wife with boyfirend 3 years into marriage. Wanted to go Divorce.
Luckily I ask HDB about the house & grant issue.
HDB says: "Since you cannot maintenan your family nuclar & you have not satified the 5 years force stay-in period. You only can surrend your flat to HDB."
I ask: "So what is this surrend was."
HDB says: "Surrend is HDB take back your flat at 25% of the evaluation cost. You have to pay the balance in cash."
I ask: "So how much was that?"
HDB says: "if your flat is $250,000 evaluated, HDB only pays you $62500. The other $187500 + Interest you pay in Cash. Also you will be tax 24.5% of the new flat cost upon buying a new flat from HDB because of the grant you have taken. Of course you can choose to buy a re-sale flat which there will not be this tax."
I was SHOCKED
wow! that is really shocking!