$880,000: Priciest HDB flats launched in Tampines

last SG · 2011-06-17T17:24:11+00:00

Even the 3rms costs S$510k !!! Ridiculous right ??

Demon Bane SG

My fren had sold his landed pty @ S$2M and made alot of $....he said will buy two condos, one to live and the other to rent out....I guessed with people like him, he will not think that the DBSS @ Tampines is expensive....

Demon Bane SG

Sadly, not many of us are like him....As for myself....I'm just a regular guy earning just enough to get by....so I would think that the S$880K 5rm DBSS flat is tooooo expensive!

Demon Bane SG

Even the 3 rms DBSS @ S$510k !!!! That's shockingly high !!!!

charlize SG

Now that they have psycho-ed people into what public housing prices should look like, when people look at a 5 room BTO flat that sells for $600K, it will look damn affordable.

$500K for a 4 room flat is affordable.

$400K for a 3 room flat is affordable.

$300K for a 1 room studio apartment is affordable.

charlize SG

Even the 3 rms DBSS @ S$510k !!!! That's shockingly high !!!!

I read the 3 room flat floor area is around 667 sq ft.

Half a million for that.

charlize SG

http://forums.hardwarezone.com.sg/showthread.php?t=3285502

βέτά SG

I read the 3 room flat floor area is around 667 sq ft.

Half a million for that.

It's affordable.

Really.

You just need to stretch your loans abit longer and work abit longer.

Maybe retirement in your 80s.

Demon Bane SG

You must be a high earner to think its affordable....for normal and regular guys like myself, its exorbitantly priced....

CfCJ SG

For the 100K renovation, you can get a bank loan.

But I did not know that DBSS is exclusive to the public ie. cordoned off with a gate. Now that you mentioned it, I recall the Pinnacle at Duxton has this concept.

I am presuming the normal HDB rules apply - 5 year MOP, HDB standard rules in renting out of flats, rules regarding potted plants etc.

Yeah. I think those people who bought duxton probably laughing out loud. Coz its the best investment ever!!..

CfCJ SG

Hi all. I went to the showhouse last friday.

My View:

1) Master Bedroom comes with balcony. Not very impressive and very small as compared to normal HDB.

2) The other 2 rooms are very small and full when placing one queen size bed in each room. You can imagine how bad it is. Ur kids have no place to put their toys or even makeup table for your daughter.

3) Kitchen is ma cham the size of a toilet. It is very small and i suppose you have to shop for small fridge..

4) the dinning area can only fit Round dinning table and not those Lengthy one. Coz you do not have enough space. If you from big family, pls look at elsewhere and not Tampines DBSS.

5) Balcony joined with the living room. So im not sure is consider balcony or living room. Even though the joined, its still small

My conclusion

Go check out 8 Courtyard condo at Yishun. I have good impression with DBSS but i think tampines DBSS is not a good buy for sure...=)

charlize SG

If 10K combined is eligible for 880K flat, then that means if they increase the income ceiling to 12K combined, a new DBSS flat next time can be sold at 1 million.

As HDB flats cost 1 million, new condo developments will likely not be priced less than 1 million in the future.

And then the property price spirals upwards and out of control as HDB, resale, condos and landed all get caught up in this crazy race to see which ones can break previous records.

Where got bubble?

βέτά SG

Bubble bubble toil and trouble, fire burn and cauldron bubble.

*cackles*

CfCJ SG

by then we will have 3:5 millionaires instead of 1:5..

charlize SG

Another point to note.

Resale flats typically have no price limit restrictions ie. people can sell it for valuation + COV.

If that is so, the DBSS flat which cost 880K can be sold 5 years later at say $1.2 million (valuation) + $200K (COV).

They should know that resale flats, unlike new HDB flats, don't have an income ceiling so it is open to anybody with the cash to buy them.

Disman SG

Another point to note.

Resale flats typically have no price limit restrictions ie. people can sell it for valuation + COV.

If that is so, the DBSS flat which cost 880K can be sold 5 years later at say $1.2 million (valuation) + $200K (COV).

They should know that resale flats, unlike new HDB flats, don't have an income ceiling so it is open to anybody with the cash to buy them.

u forgot hidden expenses and bank mortgages

charlize SG

I read in other forums, many people are saying if you cannot afford it or think price too high then don't buy lor.

Problem is, the high values affect HDB resale values and new HDB flat prices are priced in relation to these resale values.

This affects all segments of the public housing consumers.

lemon1974 SG

maybe i should go and apply for fun since no application fee of S$10 is required even though i cant afford it....... once balloted , just give up on the selecting of flats...... make them busy....

shanfan SG

maybe i should go and apply for fun since no application fee of S$10 is required even though i cant afford it....... once balloted , just give up on the selecting of flats...... make them busy....

Go and find out if there is any penalty fee imposed on rejection before you go ahead.

lemon1974 SG

Go and find out if there is any penalty fee imposed on rejection before you go ahead.

no penalty if u have not selected anything........they never give detailed pricing mah.... a lot of ppl also give up on BTO....

shanfan SG

no penalty if u have not selected anything........they never give detailed pricing mah.... a lot of ppl also give up on BTO....

Surprise there is no detailed pricing. This allows them freedom to add in more costs for ultimate profiteering.

And so many goon singaporeans still serious to go buy it. CMI!

« Previous Page Next Page »