Why HDB so expensive? This is why...

[chonburifc]

OK, me get serious liaoz. Remember the HDB pigeonholes increase was quite stable until somewhere in 95/96 where someone FT from HK or some other places created big news by breaking record for buying the most expensive HDB pigeonhole mansionette. Something like that. From then on, you and I know liaoz.

OK added this. Think it's in Bishan or Tua Payoh.

 

[Cruxx]

The blues? LTK as PM? Chinese educated ah pek that looks & talks like a chicken rice seller and have a brain the size of a dog's balls? Then we will be Truly fucked.

I will stick with PAP.

[video=youtube;tZgH3wbYH4I]http://www.youtube.com/watch?v=tZgH3wbYH4I[/video]

 

[po2wq]

...

<IMG src="http://www.newpropertysale.com.sg/wp-content/uploads/2012/08/HDB-resale-price-index-Q2-2012.jpg" width=120></IMG>

nice chart ...

tis chart shows dat dose who had bot big in props in 97 n got stuck got chance 2 not oni recoup but made a tidy profit ...

cheq dat ze curve movs strait up oni in 2007 ... wat happened in 2007? ...

 

[Devil Within]

Should add another chart next to it showing the increase in population to 5 million.

 

[chupacabra]

Australia also heading in the same direction. Better migrate to OZ now or else too late liao.

 

[Clone]

nice chart ...

tis chart shows dat dose who had bot big in props in 97 n got stuck got chance 2 not oni recoup but made a tidy profit ...

cheq dat ze curve movs strait up oni in 2007 ... wat happened in 2007? ...

Should add another chart next to it showing the increase in population to 5 million.

Now who has the population chart?

 

[Fook Seng]

Uncle Fook Seng avatar so handsome.

Thank you very much.

 

[moolightaffairs]

That why I said it many time before MBT is the fucker causing HDB price to escalate.
Just do nothing collect $2million salary not included bonus/benefit/pension......
The best job in the world.

MBT was from MOT before right? ERP and COE was by him too right?

 

[Bigfuck]

Current prices are meant to lock CPF in so that some lousy gamblers from Lee family can fool around.

 

[chonburifc]

Not just lock cpf money. Also used to lock peasants so peasants will be obedient for generations.

 

[gz0707]

I'm beginning to see some people comment that its ok for their properties to depreciate as they are worried for the next generation. But it may be too little too late, when the tide is finally turned.

 

[Cerebral]

I think the big issue with housing at the moment is that the government has conveniently forgotten that it is called "Public" Housing. For all public housing, the price should always be a cost-plus model and not pegged as a percentage to private housing.

 

[Devil Within]

I think the big issue with housing at the moment is that the government has conveniently forgotten that it is called "Public" Housing. For all public housing, the price should always be a cost-plus model and not pegged as a percentage to private housing.

Current gov has gotten too big, too greedy, too arrogant and forgotten that they are public servant and not the master. It's time to vote for a better, cheaper, faster opposition party.

 

[Char_Azn]

For the benefit of the non-Chinese readers, the top of the graph reads: HDB new flat supply

Mah Bow Tan should really an idiot for dramatically scaling down the flat supply from 2001 to 2010. Now others have to suffer for it.

Pinky damn smart to remove him, if not next election sure lose until underwear also dun have.

There was a major property crash partly due to cooling measures and also the 97 financial crisis. Back then the home prices was worse then now. It was logical to tone down nothing wrong there. However they should have pushed up the supply post 2005 but they didn't, yes I agree, MBT screw up.

 

[ionzu]

For the benefit of the non-Chinese readers, the top of the graph reads: HDB new flat supply

Mah Bow Tan should really an idiot for dramatically scaling down the flat supply from 2001 to 2010. Now others have to suffer for it.

all thanks to yeo cheow tong, escape from paradise.
http://www.escapefromparadise.com/NewFiles/bc.html

 

[gz0707]

The debt servicing is the new enslavement. Besides the rich who are making money from flipping and rentals, the workers are enslaved to debt for a long time. Looking at 2 real cases that I came across recently.

- mid 30s, upgrading from previously bought HDB (and in the process, paying credit bills with HDB cash profits) to a condo with 1 million loan. New loan tenure is 35 years, couple monthly income estimated at $12,000 per month, with no kids.

- early 30s, bought 1st HDB resale flat, est purchased price around $450,000. Loan tenure unknown, estimated at least 25 - 30 years. Combined income estimated $10k - $12k per month. With car prices hovering at 100k, this young couple are already in debt of $550,000, even before they start having kids.

around 10 plus years ago, new HDB units for young couples could be purchased at $200k to $250k for a 5 room unit. with a conservative 2nd hand car bought under 50k, the loan exposure was only $350,000. Clearly new property prices have made it much easier for young couples to become bankrupt, especially more so if they indulge in shopping and dining lifestyle fueled by easy bank credit.

 

[hairylee]

Any charts to show the number of Condos built during the corresponding period.