Seriously I think if he sees
some of the flats that are being offered, it is so stupid and
ridicules that you will reject it even when desperate.
So basically he is telling us
that unless you have $ to buy from the open
market or if you’re really lucky to get the unit you want, you just
need to suck it up and blame yourself for being
poor.
I can only thank
my lucky stars that I’m not caught in this shitty
situation
Don't thank your lucky star too quick. I was also thinking like you
before.
I never, ever need a hdb flat in outback sengkang, ponggol
etc.
Until the bloody hdb SER caught me offguard.
You're forced to take the new flat because
1) hdb (always) compensates you way below market price,
2) you sell your flat on the open market, hdb will considered
you as consumed one subsidy and need you to pay certain
(heavy) levy when apply for new hdb flat.
Don't think that selling on the open market, you always make huge
$. If I sell on open market, I have to make sure it is 26%
above hdb's compensation. Why? because this is the levy I have
to pay the govt the next time I apply for a new hdb
flat. Even if I sell below hdb's compensation, I will
still be considered as consuming the subsidy - law is
law.
During the deepest recession, I tried. Market forces can be
unpredictable. Can't even get anywhere close the hdb's
compensation price. You are forced to do lots of
calculation in your head - fast and quick.
SER are double whammy because
1) they give you only certain sites to choose. The
current ballot system still slightly better than SER because you
don't like any of the flats, withdraw and go for the next
round.
2) you have to select from limited pool and even up to the date
of selection, you don't know what is available for you.
And this warning to some who dismissed what I said.
The govt is remaking the whole Singapore and more SER will be
coming to the rest of the Singapore.
I never experienced so many red tapes, so many by-laws,
penalties, legal clauses, govt restrictions in my life until this
silly SER.
