sigh .....
do you realized that the price list I showed you, is for for
exactly that same yishun project you showed ? not punggol dude
!
let's pull out our calculators.
yet again,
144 x 2 rooms, at 70 to 90k, let's take 80k average =
$11520,000
215 x 3 rooms, at 120k to 146k, let's take 130k = $27950,000
504 x 4 rooms, at 190k to 238k, let's take 220k =
$110,880,000
total of $150350000 - $104600000 = $46350000
and with AHGs for the 2 and 3 roomers, 349 flats x $20000, we
have $38370000.
that works out to resale subsidies of only between 1000 to 1300
couples, as I have showed eagle.
and even if you insist on comparing average unit cost, isn't the
two and three rooms being sold below cost then ? If you're at the
left side of the income curve, 70k - 40k AHG, you're paying $30k
for a flat ...... can you afford 30k dude ?
No I did not miss out on the project location, and before
proceeding further - how many of us in this
thread truly understand about 'AHG' - which
stand for 'Additonal CPF Housing Grant' and not to
mix this with the ordinary HDB grant ?
How many actually will qualify for such an ‘ADDITIONAL SUBSIDY that is
over and above the prevailing $30,000 / $40,000 CPF Housing Grant
for Family’ ?
Secondly, how many young Singaporeans - who are
tertiary educated and with a combined income of $4000 or
more - ‘can qualify for the 2 and 3 room
flats’ - even when these are available in the
HDB resale market ?
Is it only about the $30K to start the ball rolling ?
From the 'referenced thread' and 'ChannelnewsAsia report'
- that showed an average price for all the 864
units at $172,398 per unit - regardless of unit
types - we can extrapolate from your indicated sales price
differentials between larger HDB units from the small ones,
to determine an indicative costs of the various unit
types.
It will still show the profit margins to be atrociously high for
a stated public housing with subsidies and built on land that is
acquired at a stolen price.
