Why Singaporean cannot own 2 HDB unit??

Joshua1975 SG

HDB, why ppl cannot buy 2 HDB, why? some rules have change why not this? it will be a good investment for those who can buy 2 or more...

if not why HDB has to privatise; of cause there are some other reason behind such as to divert $$$ out of it... Ummmm... can i say that?

Qitai SG

Just reply in the other thread. If we can agree that HDB role is to provide basic housing to ALL Singaporean. Then having a 2nd HDB flat clearly violates that idea. So, if you want to invest, then you must be subjected to free market forces (i.e. Apartments and Condos).

Joshua1975 SG

yes Singaporean can agree of it role to provide for all Singaporean but do the HDB still think so? the person in-charge mah oso tell ppl to rent instead of buying or own one. Why?

if yes why HDB has to privatise, why of all time NOW(03/04), why? some of the rules and number of player has change but we are not involve at all not to mention to share the good things that will be on the way. i think rent and provide used here dun match at all. you provide, i buy, later it somehow so call my, but if rent, forever will never be mine. HDB start off like ju zhe you qi wu ie to say as long you are singaporean we will let you have one house or something like that yah.

common, HDB will be making many more $$$ down the years as property will oni go up even it drop will not be sea bed level. look at a 3 room in Yishun back 10 years and till today, it is still around 140k to 160k even when time are bad now, but if you look back at the good time(within the 10 years) you can see ppl buy at 180k to 200k.

as commoner (lau bai xin) we really dun have any say at all and never will we get an answer of why?

robertteh SG

At 60% of homeownership - rules to restrict transfer or additional unit seemed fair.

At 80% - don't understand why rules still exist. This may be an example of auto-piloting.

Qitai SG

I agree that HDB did not completely go with that idea sometimes, especially during the last 10 years when it profited heavily from the property market and still claims to subsidise the HDB flat. The government could have and should have control the property market back then. But it is easy to say so in hindsight.

The way I see it, they should go back to that basic which is why I think they should really aliign the selling price of direct purchase to building cost instead of valuation cost. But it has to be gradual since we need to be fair to those who already owns a flat. At the same time, I think the 2x purchase rule should change too since there is no real reason for it except to let a person profit from it.

What you proposed in this thread, however, is opposite to the above. You asked for being able to buy 2 HDB flat at the same time. This, clearly is against the above stated role. And if you do not agree to the above stated role, then what is HDB's role? We need to fixed that, then we can talk about the rest. If not, it just goes round and round and round....

Joshua1975 SG

the point is HDB has gone out of the track and with privatisation now, i dun think HDB will go back to that idea at all when mah ask ppl to rent and not to buy as the price is high Rolling Eyes

the point on cost really puzzle me. in the 1st place how did HDB come up with the sale price? in some other post here, ppl had ask b4 and some come with land price, valuation or things like this but was rebut as it was not for commercial use but for public housing. again if it no longer an idea for public housing, where some ppl cannot afford to buy and the person in-charge MAH BT suggest that Singaporean to rent instead than why cannot a Singaporean own 2 or more HDB unit when he can?

Precisely... can anyone tell what is the role of HDB now since part of it had been privatise? so do we get to know or any kind of report from SAVANA (if I am not wrong that is the name) that is it making profit or loses say 5 to 10 year time? I looking at it, no way it going to lose in Singapore. Look like the Ju Zhe Yo Qi Wu is no longer applicable to HDB now yah.

Embarassed Berry sor lee for the poor english... Mr. Green

Joshua1975 SG

Aiya missed out thos point Embarassed

that person will oni really make a profit that is when he dun buy any more house than he is making profit, if not what and where are the profits, if he buy another HDB, where will the so call profit be going too?
Than in this case can I say that HDB is the oni one making profit here???

Qitai SG

Aiya, if you do not know and cannot decide what role should HDB play, then how to discuss? Rolling Eyes

Anyway, express my opinion liao. So, I stop here.

Joshua1975 SG

another pro GOV guy Rolling Eyes

Qitai SG

Don't denied that. But not on everything. You see me disagreeing a lot too. And in this case, you see I am not in agreement with what they are doing too.

Don't complain for the seek of complaining! Must offer something concrete in return mah. Don't leave everything to government lah!

Joshua1975 SG

oh... common, this is a why question and not complain, i had oso ask why single must reach 35 than can buy a 3 room flat in one of the topic here?

Re suggest to them what can they do, never work 1 lar, look at the windows thing on something like every 5 year 1 inspection, ya... ppl make noise, so what next... instead every 5 year collect the inspection fee, they rise the tax for what reason again at this time??? ya safety is in play here but really why stop and change to pay more property tax? wherver mah go, he will think of ways to suck $$$ from lau bai xin. was at LTA b4, look we have ERP, COE... good $$$ sucker. now HDB he want inspection fees for windows??? not a good way, so tax a better ways to do it.

again they will say not a single time is a right time??? so during good time they have all the reason to rise is it?

whatever is mention here and now is just to hope someone up there or maybe the next GOV if there will be one (i think not for another 5 to 10 years will that change) and if they can or when they can... by than all privatise liao, dun think will have much $$$ for any changes Crying or Very sad

skeujin SG

if singaporeans cld buy more thn 1 flat.. rich guys wld b buyg entire blocks…

Joshua1975 SG

why not... investment mah... will happen one day because privatise liao...

I am asking this now so ppl will think ahead and not wait till it happen... cannot just they do the thinking and we dun right?

mah had ask ppl to rent liao leh, so if i buy 1 block than collect rent ain't it be good for me and better still i can collect a cheaper rent than them, those who rent from me will benefit oso mah.

skeujin SG

luk at current market trens now... do u see rentals for lodging or shop space going down? NO! their going up n will always go up cause of sg's lack of land... it will nvr go down... if u can earn $2... y charge $1...

Joshua1975 SG

Surprised gong xi gong xi... you have see what i try to say here... HDB is making all the $$$ HDB/GOV can make now.
If one day change of GOV, HDB will just be an empty shell and SAVANA will be the one where $$$ is. Why no one see this coming or see liao but can do nothing... hazi... ... ... Neutral

Qitai SG

My views.

Single age 35 then can buy flat - disagree with government. Said my piece in othe thread liao.

Window inspecttion - Neutral. Undecided. Need more Stats. Can see the logic of worry about falling Window. But also can see that commoner need to worry about raising cost.

ERP/COE - Agree with principal for these ideas. But susipicious about execution. Cited reason for COE is control Car population which is good. Don't want to have car but cannot move. But always have the feeling they control too much and want to make $$ out of it. Using ERP to control traffic instead of COE very good. But ERP implement for a few year liao. Why COE quota still so low? I say time to execute what they say, jack up the ERP price and increase the COE quota to bring down COE price. Also, when people tell them that they should go open bidding, they keep saying no use one... then kenna a few times $1/$50 result before they try it out. Makes one susipicious of them again. Good thing about this government though is they usually admit their mistake later when the facts are overwhelming. So, respect them for this.

Increase conservative charges - Neutral. Undecided. Again, no stats to say whether it is justified or not. Don't like the vague reply from them. I want to see the figures!!! Where is the increase?? Why can't publish details?

So, a mix of agrees/disagrees and neutrals.