FLAT PRICING Four questions on DBSS

Clivebenss SG

I WAS appalled when I read Minister for National Development Khaw Boon Wan's response that Design, Build and Sell Scheme (DBSS) flats should not be compared with ordinary HDB flats ('Don't compare DBSS flats with regular ones: Khaw'; Sunday).

Instead of addressing the problem head on, we are fudging the issue here.

I would like answers to the following questions which, I think, is in every ordinary Singaporean's mind:

For a private developer to buy the land at a subsidised rate and then sell the property at market rate - that is gross profiteering.

The Housing Board's mission is to build affordable housing for ordinary Singaporeans. For a major part of our history, it fulfilled its role well. But, over the past several years, it has completely lost its direction and purpose.

Young couples have to defer marriage because they are unable to get a flat and prices continue to skyrocket beyond the reach of ordinary Singaporeans. It is time for a change.

Patrick Tan

charlize SG

How many times must they tell you?

DBSS is not HDB.

Almond Cookies SG

How many times must they tell you?

DBSS is not HDB.

Yah It's not HDB.

SevenEleven SG

any big guns from sim lian?

charlize SG

Yah It's not HDB.

Don't believe what the HDB website says about DBSS.

Somewhere in there, it also mentions things like "affordable public housing"

sbst275 SG

Who came w/ DBSS?? MBT right?

So he let them bid all they want.

Broader view, whenever govt say build MRT, MBT release all e nearby land immediately. You see Ten Mile Junction or this DBSS (DTL at Tampines). Bid bid bid hor yi see.

Not subsidised, he let them bid all they want.. Let you die.

Any case, private developer also see ppl want flat, they'll bid also... So, consumer power comes in, too ex, dun buy.. Dun feed it, next time you see who would bid DBSS at high price e next round. It's like world cup TV rights.

MBT came from MINDEF, money wasting govt organisation. So maybe tat's why profits at all cost.

He alrdy said, he only bothered monthly affordability, heck care 30 yrs or not.

shanfan SG

Don't believe what the HDB website says about DBSS.

Somewhere in there, it also mentions things like "affordable public housing"

Did you not read what Khaw said about affordable healthcare? He said that affordable healthcare does not mean it is cheap. I suppose he is applying the same to the "affordable housing" now.

Con man Khaw.

charlize SG

Did you not read what Khaw said about affordable healthcare? He said that affordable healthcare does not mean it is cheap. I suppose he is applying the same to the "affordable housing" now.

Con man Khaw.

We lesser mortals can only get our definitions from the lousy internet.

Higher mortals and elites have their own definitions.

sbst275 SG

Did you not read what Khaw said about affordable healthcare? He said that affordable healthcare does not mean it is cheap. I suppose he is applying the same to the "affordable housing" now.

Con man Khaw.

before finger pointing, go find out when e land tender was done...

It was meant to throw a time bomb onto whoever becomes MND mini star aft GE.

sbst275 SG

Reminds me

maybe this is e final time you can make good profits cos MBT might no longer e mini star aft GE.

Like I've said, profit making.. you want to make $$, I cannot is it?

shanfan SG

before finger pointing, go find out when e land tender was done...

It was meant to throw a time bomb onto whoever becomes MND mini star aft GE.

Since you are so well versed on buses and HDB, do us a favour to post that here rather than to point fingers.

shanfan SG

Reminds me

maybe this is e final time you can make good profits cos MBT might no longer e mini star aft GE.

Like I've said, profit making.. you want to make $$, I cannot is it?

In all ministries they have their plans ready to make profits, so there is nothing new. Profiteering will still go on without Ma the shorty.

Just need to remember the PAP exist as ministers for the purpose of profiteering.

sbst275 SG

In all ministries they have their plans ready to make profits, so there is nothing new. Profiteering will still go on without Ma the shorty.

Just need to remember the PAP exist as ministers for the purpose of profiteering.

mmm...

Whichever govt will still do it... Mark my word.

Even WP takesover will still do so.. They've alrdy left their tail for 1 alrdy - public tpt...

Nationalise it... Profit from bus co will simply become more $$ for reserves than giving it back to minority shareholders that has hold SBS shares all these years.

charlize SG

Sbst so fierce.

Askingyouto SG

Who came w/ DBSS?? MBT right?

So he let them bid all they want.

Broader view, whenever govt say build MRT, MBT release all e nearby land immediately. You see Ten Mile Junction or this DBSS (DTL at Tampines). Bid bid bid hor yi see.

Not subsidised, he let them bid all they want.. Let you die.

MBT came from MINDEF, money wasting govt organisation. So maybe tat's why profits at all cost.

He alrdy said, he only bothered monthly affordability, heck care 30 yrs or not.

MBT, according to this Wiki thing seems to hang around SBS for quite some years but never in MINDEF, but anyway, even if MBT really hangs around SBS so long, yet can't do much for transportation woes, then maybe that's already quite telling on his abilities even in the earlier years.

http://en.wikipedia.org/wiki/Mah_Bow_Tan

Askingyouto SG

Whatever it is, KBW already said no money don't buy, simple as that. I like that, so brutally honest to lesser mortals.

charlize SG

Whatever it is, KBW already said no money don't buy, simple as that. I like that, so brutally honest to lesser mortals.

Don't buy, never mind.

But it affects future pricing of resale flats around the area.

Lesser mortals will suffer.

Askingyouto SG

Don't buy, never mind.

But it affects future pricing of resale flats around the area.

Lesser mortals will suffer.

So pricing of resale flats around the area will also be priced higher by the sellers?

charlize SG

So pricing of resale flats around the area will also be priced higher by the sellers?

For resale flats which are around the area, that means they more or less share the same amenities like this DBSS project. ie, MRT, bus services, malls etc.

So if you are selling your regular HDB flat, would you not want to price your flat as high as you can in relation to this DBSS project?

DBSS project sells for $880K, you might want to sell your regular flat for say $600K.

New HDB flats are priced according to surrounding resale flats as comparison when they are first launched for public.

If resale flats are selling at $600K, then new flats might be priced slightly lower at $500K.

You want to pay half a million dollars for a regular HDB flat?

Askingyouto SG

For resale flats which are around the area, that means they more or less share the same amenities like this DBSS project. ie, MRT, bus services, malls etc.

So if you are selling your regular HDB flat, would you not want to price your flat as high as you can in relation to this DBSS project?

DBSS project sells for $880K, you might want to sell your regular flat for say $600K.

New HDB flats are priced according to surrounding resale flats as comparison when they are first launched for public.

If resale flats are selling at $600K, then new flats might be priced slightly lower at $500K.

You want to pay half a million dollars for a regular HDB flat?

Thanks for elaborating, so PAP ministers can only implement policies, whether good or bad, once done deal, no going back.

They can sign lots of blank cheques like illiterate fools, funded by the good people of Sinkapore.