Can new HDB flats be cheaper?

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Re: Can new HDB flats be cheaper?

Postby tankee » Fri Jun 17, 2011 11:56 am

headlines of today's printed Straits Times is "Buyers of New HDB are older and earn more"

obvious isn't. Those younger and earn less are ill to afford new HDB flats.

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Re: Can new HDB flats be cheaper?

Postby AceTutors123 » Fri Jun 17, 2011 12:05 pm

they didnt include all the foreigners who are buying our old flats as well..
this is sad.

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Re: Can new HDB flats be cheaper?

Postby jedamum » Fri Jun 17, 2011 1:05 pm

DBSS are not typical HDBs. HDBs in 'outskirts' of SG is still relatively affordable.
I agree with the writer's view that:
"That said, I do not think prices of new flats should be lowered for everyone who is eligible to buy a flat directly from HDB. [/b[b]]Instead, any surpluses generated by HDB could be used to help first time home owners by giving them larger subsidies. While Singapore's economy has evolved, the need for housing, especially for first time home buyers, remains unchanged. For many young Singaporeans, getting married, financing a home and building a family can be very financially taxing. Hence, giving first time flat buyers more subsidies would significantly help them out."
The $30-40k subsidies given to first timer going for resale flat (4rm $360-$420k typically) pale in comparison with the price of new flats (4rm $200-280k typically). True that new flats involved waiting time, but how many adults actually planned 4-5yrs ahead of marriage? there are many other first timers who urgently needed flats. It is not easy to get a good queue number in BTO ballot system and yet I know of people who profited after selling their first home they got from previous WIS (bought <$200k, selling more than $450k) and went on to succeed in first time ballot to purchase BTO unit at <$250k (to enjoy second 'first home' privilege); they are darn lucky!

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Re: Can new HDB flats be cheaper?

Postby AceTutors123 » Fri Jun 17, 2011 1:26 pm

more good year ahead..
if HDB is planning something they better reveal it soon.

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Re: Can new HDB flats be cheaper?

Postby Daddy D » Fri Jun 17, 2011 1:37 pm

http://www.straitstimes.com/Breaking+Ne ... 80819.html

"$880,000: Priciest HDB flats launched in Tampines
....
PropNex chief executive Mohamed Ismail said he did a double take when he first heard about the prices.
'No doubt it's in Tampines, which is a mature estate with many good things going for it, but it is still extremely high for a public housing flat,' he said...."

I am amused....
:faint: :faint: :faint:

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Re: Can new HDB flats be cheaper?

Postby limlim » Fri Jun 17, 2011 3:20 pm

yes.. yes.. the higher the better.. :evil: :evil:

60.1% majority can't be wrong right.... :wink: or were they........................ :laugh:

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Re: Can new HDB flats be cheaper?

Postby AceTutors123 » Fri Jun 17, 2011 3:54 pm

limlim wrote:yes.. yes.. the higher the better.. :evil: :evil:

60.1% majority can't be wrong right.... :wink: or were they........................ :laugh:


:rotflmao: :rotflmao: :rotflmao:

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Re: Can new HDB flats be cheaper?

Postby verykiasu2010 » Fri Jun 17, 2011 5:12 pm

what is KBW trying to prove ? new housing minister with new hdb flats at a new high ?
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Re: Can new HDB flats be cheaper?

Postby Oppsgal » Fri Jun 17, 2011 5:56 pm

Flats are very "affordable"... if we are earning millions per month :lol:

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Re: Can new HDB flats be cheaper?

Postby Nebbermind » Wed Jun 22, 2011 12:17 pm

wah! can slash price by more than 10% from $880k to $778k!!

TOTALLY no confident in this govt when it comes to policy when they can allow developers to profiteer from the common man! Even if it's DBSS, it's still public housing and comes with all the HDB restrictions.

How many units is expected from this launch? if the average discount is $75k, how much more money r they making from us??!! How can our govt just sit back and allow this to happen??

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