ear Uncle Meng Seng,
If you are looking at the resale market of HDB, yes, it can be
abit costly, however, as someone rightly put it, the sellers are
not complaining, it is when they become the buyers of
resale flat that is complaining. As for new flat for new couple and
first timer, it is still very much affordable in today market and
earning power of most people.
HDB run itself as a business entity, it does not have to tell
you about it cost of operating, this are confidential information
property of any business entity, as such, even a chicken seller
will not tell you his base cost, and to sell, if you insist, he can
tell u a high figure in cost of buying chickens ending up he is not
making much. Why pursue yourself to know the base cost of a flat if
the number can be massaged, therefore even if they come out with a
figure, are u going to believe it. I think basically, in you life,
you must have had gone thru bargaining for some goods in the
street, tell me, what does the seller said, he/she will alway says,
not making.
As a person of much travelled, I see singapore housing solution
as one of the top class in the world, comparing to many many other
countries, most of their poors are homeless with nothing to
complain about.
When we talk about removing the paternalistic of Govt policies
on it citizen, i think we must not alway rely on Govt subsidaries
and other perks that spoon feed many of the lower income group
here, by and large, as time goes on, this group become more prone
to money problem and alway look at Papa Govt for help, and when the
govt dun help, they make hell lot of noises. The Govt is not going
to be that unreasonable to set a new flat price that is beyong a
common citizen reach, they have been constantly studying the
condition and the earning power of Singaporeans thru income tax and
other statistic to justify the cost of a flat. Today, singapore are
not earning less, and a flat today, come with good amenities and
good structure to justify it cost higher than those other old flat
build in the early housing development state.
When govt set the cost of the flat, it is base on the average
$4k per household income to set let say a 4 rooms flat, it cannot
be a set of different price for different group, if you earn 4k and
less, too bad, if you earn 4k and above, live well. But those
living 4k and below, should buck up and face the real fact that the
world is moving forward and not backward. And if you are looking
for some quick hard cash, you start to sell you flat at a higher
cost but end up having to look for another one at a high cost, you
cannot blame nobody. A housing flat is for people to live, build a
family, enjoy the surrounding and be part of the intergrated
culture, not for you to do business with it, sell here and buy
there or end up downgrading or living in tents,...i think people
have to wake up. That's all.
sista angel,
i wish life is as simple as you made it out to be.
Sing jia por is not a business entity.
Slavery is the cheapest form of labor.
The cost of new flat is no longer affordable to a young couple
trying to start a family.
Each child cost about $230,000 not including college.
There's also the minimum sum to think about.
Old people don't need a big flat that they used to raise their
children in, and it is not good financial planning to be dying in a
big flat. You claim to be an accountant, go figure this one
out.
There are many uncertainties in life that forces people to sell
their homes. Not everyone who made a windfall selling their homes
uses the money to buy Gucci bags.
HDB's policy is no longer relevant.
