Question: How do u revalue HDB without hurting SG Property

last SG · 2011-05-09T13:30:58+00:00

There is a tipping price point between HDB flat vs private apartment. It would be impossible to hold down price HDB flat and let private property price goes...

βέτά SG

i would rather HDB prices go up then go down! see below.

No government can predict the demand of housing in short period.
in long period say 5 years, may be,

In financial tsunami, few people dared to buy HDB.
Then, after recovery, the accumulated purchasing power released, like a broken dam.

2. dunt blame PR. they only own about 5% of all 850,000 resale units.
This figure accumulated in the past few decades, not within the past few years.
blame the GDP growth is so good.
If the economy is bad and high jobless rate, price sure go down and lot of below valuation sales!
i would rather HDB prices go up then go down!

3. One sq foot of HK new private flats is S$3000 to 3500!!
u read correctly, Lions Rise in Wong Tai Sin public housing and not from away fr the famous temple.

Why? HK canceled HOS-~~like HDB~~-in 2002.
Besides, the private flats completion (SG TOP issued) is around 10,000 flats a years.

HK 7 million population. SG 5 million.

You are stupid!!!

Hong Kong public housing has discount rate.

In Phase 19C, the Housing Authority introduced a new flexible discount rate system, allowing successful applicants to choose from three discount rates equivalent to 10% above or below the base discount rate apart from the existing 50% discount on full market value at the time of price fixing. During application, the potential buyers were also asked about their preference on the discount options. Almost 50% of the applicants responded to the question, amongst which 76% chose 10% above the base discount rate (60% off), 18% chose base discount rate (50% off) and 6% chose 10% below the base discount rate (40% off).

http://www.housingauthority.gov.hk/en/aboutus/news/pressreleases/0,,2-0-2381,00.html

http://www.housingauthority.gov.hk/en/residential/hossecondarymarket/transaction/0,,3-0-0-2011_4,00.html

angel7030 SG

Lets not compare with other country property issue, cos if you do, there will be no ending social aspects to bring out, each country has it different way of determing the price of their housing.

Tho i never lived in HDB before, but when i studied history in primary school, I learned one objectives that HDB once set and promised, and that could supersede any arguement of HDB prices against a typical sg citizens paid.

"The main Objective of Building flats by HDB for citizens is for all to hv a roof on top, a sense of ownership and belonging, we shall make it affordable to all workers of Singapore"

angel7030 SG

HDB for goodness sake, is for you to live in, build a family and live on happily everafter, I do not understand, why it had become a business transaction and peoples are worrying about drop in properties prices which is not of HDB concern.

That is the problem of having a capitalise govt who think of business more than the daily bread and butter issues, and as time goes by, the citizens also become like them, the culture of business, a culture of self interest, a culture of money minded.

SingaporeTyrannosaur SG

Maybe MBT will reconsider his "housing is affordable!" mantra after his mandate took a hit this GE.

The whole is becoming ridiculus.

Clivebenss SG

property tax just increase by 20%.

so fast.

Arapahoe SG

i think for average Joe in Singapore....moving forward you only get your HDB flat ones.......

so aim it properly don't get it too young don;t get it too late.

Choose the right sizes and stayed put.

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