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HDB chief says Lawrence Wong is correct! Mah Baw Tan talk cock say HDB is asset enhancement.
- Thread starter underMIND
- Start date
Many sinkies support PAP because they profited from their BTO immensely, upgraded to condos while having good jobs and still have enough cash leftover to laugh our ways to the bank.
Oh please. Sinkies voted for PAP because the ministers are taking million dollar salaries and highest paid in the world so they must be the best. But are they the best at governing a country? Long live PAP!
Sinkies are pragmatic voters.
They vote for PAP because the million dollar salaries are all that PAP ministers take.
ASEAN ministers take officially small salaries, but under the table, they embezzle hundreds of millions, or even billions of dollars each year. By comparison, what we pay PAP ministers are very little. Until oppies learn to acknowledge this fact, you will continue to always lose the debate on the cost of PAP ministerial salaries. Surely by now, you would have realize that this is a non-issue with the vast majority of the voters.
Sinkies vote for PAP also because vast majority of them benefited from the HDB flats, be it buying BTO flats as a first timer, or making money from selling off their BTOs or buying a resale flat for investment. Vast majority of sinkies benefited directly from the HDB scheme at all levels. You wanna try living in HK or KL in their public housing scheme and compare?
Malaysia public housing don’t look that shabby. Those new ones in JB look pretty good at that price Rm50k or Rm100k. Also Malaysia govt is pretty progressive to allow singles to apply public housing from age 21. Not like stupid pap.
Mudland public housing is synonymous with poverty and malnourishment.
https://www.thestar.com.my/news/nat...kl-face-poverty-and-malnutrition-says-unicef/
Of course there are criteria for their limited public housing but I read in their Malaysian forum last time even a young single can get a low cost unit albeit in a not so ideal less popular far out location. And this young Malaysian Chinese woman was happily discussing about renovation for her low cost flat. Singapore got such opportunities for young singles be it last time or now?
Tulip Garden sold for $907 mil in second highest en bloc deal this year
Tulip Garden, the freehold condo located along Farrer Road in District 10, has been sold en bloc for $906.889 million. The buyer is said to be Asia Radiant, a joint venture between Hongkong Land’s subsidiary, MCL Land, and Singapore-listed Chinese real estate developer Yanlord Land Group. The purchase price is 20.4% higher than the Tulip Garden owners’ reserve price of $753 million.
In terms of transacted absolute price, Tulip Garden is the second highest collective sale deal this year to date, after Pacific Mansion, which was sold for $980 million last month, says Nicholas Mak, executive director of ZACD Group.
This was Tulip Garden's fourth collective sale attempt (Credit: Colliers International)
Zoned for residential use under the 2014 Master Plan, Tulip Garden sits on a 316,708 sq ft site with a plot ratio of 1.6 and maximum height of 12 storeys. No development charge is payable for the site.
The purchase price of $906.889 million translates to a land rate of $1,790 psf per plot ratio (psf ppr), surpassing that of recent collective sale transactions in the Holland Road-Farrer Road neighbourhood, namely Hollandia ($1,703 psf ppr), The Estoril ($1,654 psf ppr) and The Wilshire ($1,536 psf ppr).
Depending on the unit size, the owners of the 162 apartments and maisonettes with sizes from 1,701 to 3,412 sq ft, can expect to receive between $4.3 million to $7.6 million from the collective sale, according to Colliers International, the marketing agent for Tulip Garden. Incidentally, this was Tulip Garden's fourth collective sale attempt.
Tulip Garden, the freehold condo located along Farrer Road in District 10, has been sold en bloc for $906.889 million. The buyer is said to be Asia Radiant, a joint venture between Hongkong Land’s subsidiary, MCL Land, and Singapore-listed Chinese real estate developer Yanlord Land Group. The purchase price is 20.4% higher than the Tulip Garden owners’ reserve price of $753 million.
In terms of transacted absolute price, Tulip Garden is the second highest collective sale deal this year to date, after Pacific Mansion, which was sold for $980 million last month, says Nicholas Mak, executive director of ZACD Group.
This was Tulip Garden's fourth collective sale attempt (Credit: Colliers International)
Zoned for residential use under the 2014 Master Plan, Tulip Garden sits on a 316,708 sq ft site with a plot ratio of 1.6 and maximum height of 12 storeys. No development charge is payable for the site.
The purchase price of $906.889 million translates to a land rate of $1,790 psf per plot ratio (psf ppr), surpassing that of recent collective sale transactions in the Holland Road-Farrer Road neighbourhood, namely Hollandia ($1,703 psf ppr), The Estoril ($1,654 psf ppr) and The Wilshire ($1,536 psf ppr).
Depending on the unit size, the owners of the 162 apartments and maisonettes with sizes from 1,701 to 3,412 sq ft, can expect to receive between $4.3 million to $7.6 million from the collective sale, according to Colliers International, the marketing agent for Tulip Garden. Incidentally, this was Tulip Garden's fourth collective sale attempt.
some machiam like prison, with wall peep holes (slits) for lookouts and shooting of arrows if besieged by invaders.
Sounds more like inflation.
Can't believe how gullible sinkies are.
Logic tells one that with a limited tenure, as the clock ticks, the value of an HDB flat depreciates.
Unlike the flexibility or possibility with private apt for en bloc.
These so called asset enhancement schemes, SERS, early buy back, whatsoever are sooka sooka thrown around at opportune time so sinkies keep voting for them.
Logic tells one that with a limited tenure, as the clock ticks, the value of an HDB flat depreciates.
Unlike the flexibility or possibility with private apt for en bloc.
These so called asset enhancement schemes, SERS, early buy back, whatsoever are sooka sooka thrown around at opportune time so sinkies keep voting for them.
Tulip Garden sold for $907 mil in second highest en bloc deal this year
Tulip Garden, the freehold condo located along Farrer Road in District 10, has been sold en bloc for $906.889 million. The buyer is said to be Asia Radiant, a joint venture between Hongkong Land’s subsidiary, MCL Land, and Singapore-listed Chinese real estate developer Yanlord Land Group. The purchase price is 20.4% higher than the Tulip Garden owners’ reserve price of $753 million.
In terms of transacted absolute price, Tulip Garden is the second highest collective sale deal this year to date, after Pacific Mansion, which was sold for $980 million last month, says Nicholas Mak, executive director of ZACD Group.
This was Tulip Garden's fourth collective sale attempt (Credit: Colliers International)
Zoned for residential use under the 2014 Master Plan, Tulip Garden sits on a 316,708 sq ft site with a plot ratio of 1.6 and maximum height of 12 storeys. No development charge is payable for the site.
The purchase price of $906.889 million translates to a land rate of $1,790 psf per plot ratio (psf ppr), surpassing that of recent collective sale transactions in the Holland Road-Farrer Road neighbourhood, namely Hollandia ($1,703 psf ppr), The Estoril ($1,654 psf ppr) and The Wilshire ($1,536 psf ppr).
Depending on the unit size, the owners of the 162 apartments and maisonettes with sizes from 1,701 to 3,412 sq ft, can expect to receive between $4.3 million to $7.6 million from the collective sale, according to Colliers International, the marketing agent for Tulip Garden. Incidentally, this was Tulip Garden's fourth collective sale attempt.
Wow good for my ex boss. He finally got his millions after so many years and previous aborted sale.
some machiam like prison, with wall peep holes (slits) for lookouts and shooting of arrows if besieged by invaders.
See? New public housing in Johor. Don’t look too shabby huh?
looks like straight from the hdb template. :p
I bought HDB flat for $X. I sold it off for $3X. I made big profit.
Others bought HDB flat for $X. Years later, the same HDB flat is now worth $1.5X to $2X on the resale market.
In both cases, the HDB asset appreciated in value. For most sinkies, the HDB flat that they bought years ago have appreciated since despite the lease getting shorter.
HDB flat is truly asset enhancement.
Good point, so conversly the pragmatic Singaporean voters will stop supporting the PAP when they start losing money on their resale flats pushing past 40 yrs old.
So support for PAP should naturally declined over the next 10-20 years as more fail to monitise their flats.
So support for PAP should naturally declined over the next 10-20 years as more fail to monitise their flats.
aiyah. easy lah. pap can selectively pick constituencies with lower margins of support and offer en-bloc opportunities to those hdb blocks affected most by aging leases. don't have to do all but enough to swing votes to pad the margin adequately to ensure victory. heads they win tails you lose.
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