Coffeeshop Chit Chat - Mah: SG citizens will get more then PRs Subscribe
From: kojakbt22 5:48 am
To: ALL (1 of 15)
18147.1
>> Mr Mah assured Singaporeans that there will always be a distinction made between citizens and permanent residents (PRs). 'For example, in public housing, if you are a citizen, you will enjoy many benefits which the PR does not get. And we will continue to strengthen those distinctions and to make them very clear,' he said.
Let's look at facts, new HDB S'poreans can buy:
New Punggol HDB flats currently being offered by HDB:
Typical Applicants' Median
Selling Household Income
Price
4 room $295K $4100
5 room $375K $5100
For household income of $4100, the 1st time buyer will enjoy an addition $10K grant. Grants are not applicable for household income above $5000.
Hence, typical new HDBs at Punggol for 1st time Avg Singaporean owners:
4 room $285K
5 room $375K
(http://www100.hdb.gov.sg/09JULBTOPG_pdf/$file/Punggol_Residences_General_Info.pdf)
Let's look at HDB resales which PRs can buy:
Actual May 09 HDB Resale transactions at Punggol:
4 room, avg of the 10 transactions = $334.4K
5 room, avg of the 18 transactions = $392.1K
(http://www.scribd.com/doc/15509668/HDB-Resale-Transactions-May-09)
Conclusions:
At punggol, on average, 1st time Singaporean HDB buyer will pay less than that for PR buying HDB resale:
4 room: $285K vs $334.4K, saving $49.4K or 14.8% Discount
5 room: $375K vs $392.1K, saving $17.1K or 4.2% Discount
My Singaporean bros, do you want to get 14.8% discount for a 4 room or (worse) 4.2% discount for a 5 room but in return, you have to serve 2 years NS and 20 years of reservist?
From: kojakbt22 5:48 am
To: ALL (1 of 15)
18147.1
>> Mr Mah assured Singaporeans that there will always be a distinction made between citizens and permanent residents (PRs). 'For example, in public housing, if you are a citizen, you will enjoy many benefits which the PR does not get. And we will continue to strengthen those distinctions and to make them very clear,' he said.
Let's look at facts, new HDB S'poreans can buy:
New Punggol HDB flats currently being offered by HDB:
Typical Applicants' Median
Selling Household Income
Price
4 room $295K $4100
5 room $375K $5100
For household income of $4100, the 1st time buyer will enjoy an addition $10K grant. Grants are not applicable for household income above $5000.
Hence, typical new HDBs at Punggol for 1st time Avg Singaporean owners:
4 room $285K
5 room $375K
(http://www100.hdb.gov.sg/09JULBTOPG_pdf/$file/Punggol_Residences_General_Info.pdf)
Let's look at HDB resales which PRs can buy:
Actual May 09 HDB Resale transactions at Punggol:
4 room, avg of the 10 transactions = $334.4K
5 room, avg of the 18 transactions = $392.1K
(http://www.scribd.com/doc/15509668/HDB-Resale-Transactions-May-09)
Conclusions:
At punggol, on average, 1st time Singaporean HDB buyer will pay less than that for PR buying HDB resale:
4 room: $285K vs $334.4K, saving $49.4K or 14.8% Discount
5 room: $375K vs $392.1K, saving $17.1K or 4.2% Discount
My Singaporean bros, do you want to get 14.8% discount for a 4 room or (worse) 4.2% discount for a 5 room but in return, you have to serve 2 years NS and 20 years of reservist?
