Serious Cost of Building HDB Flats Could Go Up By 50% - 100%!! Have Fun Paying $800k For HDB Flats In Sembawang, Motherfuckers!

JohnTan

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SINGAPORE - New standards for migrant worker dormitories will enhance workers' well-being, said dormitory operators here, but will come with a cost increase of at least 50 per cent to implement them in existing dorms.

Under new specifications announced by the Ministry of Manpower (MOM) on Monday (June 1), dorms will have no more than 10 beds per room, with only single-deck beds and 1m spacing between them. Each room now holds 12 to 16 beds.

In recent weeks, the living conditions of foreign workers in dormitories have come under scrutiny as workers account for more than 90 per cent of Covid-19 cases here.


Each resident will enjoy 6 sq m of living space, not including shared facilities, compared with 4.5 sq m now, which includes shared facilities. Not more than five people will share a toilet, bathroom and sink, compared with 15 people currently.

As a result, costs will increase significantly on all fronts, said dorm operators, with most agreeing on at least 50 per cent.

Mr Calvin Lim, general manager of CDPL (Tuas) Dormitory, said building costs could even double, depending on factors such as the dorm's remaining lease-term and its tenancy agreements with employers.

"If all things stayed constant and we just reduced double-deck beds to single beds, the cost per bed could already be doubled. And that's excluding the other changes and the additional operational costs that are bound to increase over time," he said.


President of the Dormitory Association of Singapore Johnathan Cheah expects building costs to double, along with a 50 per cent increase in operating costs. These should be shared by employers, dorm operators and the Government, he said.

"Dorm operations might well be a 24/7 feature in future as more manpower would be needed to implement the measures, such as stepping up on housekeeping," he said.

Centurion chief executive Kong Chee Min agreed that building costs will make the bulk of the cost increase, though he did not specify by how much.

He said existing and interested new operators have to consider the cost of development and operations as well as the revenue potential in the open market, to assess the viability of the business.

He said: "There'll be a continued need for migrant worker housing and purpose-built dormitories will continue to be the best solution to address such housing needs in land-scarce Singapore."

The new specifications will be piloted at upcoming Quick Build Dormitories, short- to medium-term housing to house around 25,000 workers. These semi-permanent structures will be ready by the end of this year and will last for about two to three years.

The Straits Times understands that new and existing operators are likely to be invited to run these upcoming dorms, although the authorities have yet to detail licensing and cost arrangements.

Another 11 purpose-built dorms to house up to 100,000 workers are in the works and are expected to be ready in the next two years.

Mr Jack Ng, facilities manager of Hulett Dormitory, said he will look at upgrading his 1,200-bed factory converted dormitory at Senoko Drive after some workers can be rehoused in the Quick Build Dormitories.

He added that Hulett Dormitory, which charges $280 per worker per month, has no plans to increase its prices at the moment as it is focused on getting the dorm a cleared status from MOM so workers can resume work.

Dr Harvey Neo, programme head at the Lee Kuan Yew Centre for Innovative Cities at the Singapore University of Technology and Design, said the new guidelines are a "significant improvement" as they distinguish between different living spaces and reduce density in the dorms.

Regardless of how the cost is distributed among the various stakeholders, Dr Neo said it should not filter down to the foreign workers as there is "no compelling reason" to do so.

Mr Lee Chew Chiat, government and public services industry leader at Deloitte South-east Asia, said while the cost hike is inevitable, it is worth considering what the alternative cost would be without these new measures in time of pandemics such as Covid-19.

He said: "The fundamental question should be why do we need these new measures? If we are doing it for the right reasons, then it's wise to implement them and then work to increase the benefit over cost."

https://www.straitstimes.com/singap...come-with-inevitable-cost-hike-dorm-operators
 
This is very good news!

Finally looks like they are going to stop with having foreigners.

Will hire more local sinkies.

The price is higher costs. Everyone wins.. Sinkies have more jobs. Well paying jobs. Companies make more money. and best of all sinkies pay more!
 
This is very good news!

Finally looks like they are going to stop with having foreigners.

Will hire more local sinkies.

The price is higher costs. Everyone wins.. Sinkies have more jobs. Well paying jobs. Companies make more money. and best of all sinkies pay more!
When people don't want to pay more. The price will automatically come down to its affordable level. It doesn't mean when people said I charge you more, and you have to blindly take the bait. Come on people. You only have so much in your wallet and any amount exceeded your affordability SIMPLY REJECT IT.
 
When people don't want to pay more. The price will automatically come down to its affordable level. It doesn't mean when people said I charge you more, and you have to blindly take the bait. Come on people. You only have so much in your wallet and any amount exceeded your affordability SIMPLY REJECT IT.

Singaporeans are rich. They have the money. Can afford one lah. Remember the salaries also higher now.

As it is the price of property in Singapore is already one of the highest in the world. And Singaporeans still very rich! Also those selling property will huat! Sell at higher prices make more money!

This is very very good news.

Who ever dislikes property prices going up?
 
Singaporeans are rich. They have the money. Can afford one lah. Remember the salaries also higher now.

As it is the price of property in Singapore is already one of the highest in the world. And Singaporeans still very rich! Also those selling property will huat! Sell at higher prices make more money!

This is very very good news.

Who ever dislikes property prices going up?
And since when did Lawrence Wong say HDB price will keeping going up?? You think is freehold property issit?
 
And since when did Lawrence Wong say HDB price will keeping going up?? You think is freehold property issit?

As long as you vote PAP they will extend the lease. Just like those 99 year condos. Don't worry.

If you choose to vote opposition then maybe they won't extend the lease and you end up with nothing.

So should be ok as long as vote PAP.
 
Seriously this is damn good news!

Imagine you bought your HDB flat for $400k. Now can sell for $700-$800k! Wah lau! Damn good man! Make a lot of money!
 
As long as you vote PAP they will extend the lease. Just like those 99 year condos. Don't worry.

If you choose to vote opposition then maybe they won't extend the lease and you end up with nothing.

So should be ok as long as vote PAP.
what if opposition wins and makes HDB a freehold?
 
what if opposition wins and makes HDB a freehold?

Ah! Even better! Then really there is nothing to worry about right?

So property prices doubling is good for everyone! In fact they should triple or quadruple the price of property! Will make everyone very very happy. And make all property freehold!
 
brilliant! in one stroke two problems are solved. 1st is to pass the buck of sheltering cheap foreign workers to sinkie home buyers who ultimately pay the bills for inflated pigeon holes and 2nd is to prop up a distressed short-lease and pre-owned property sector by scaring the shit out of would be buyers of new homes into thinking that older homes have now more value as they were built with way cheaper labor.
 
Ah! Even better! Then really there is nothing to worry about right?

So property prices doubling is good for everyone! In fact they should triple or quadruple the price of property! Will make everyone very very happy. And make all property freehold!
Why should property price rise ? ah,I do fotget economics is not your forte
 
Why should property price rise ? ah,I do fotget economics is not your forte

Singapore property prices are somewhat controlled by the government.

They can inflate or deflate using various measures. This is why unless you have an insider track to HDB and PAP best not to invest in property stocks.

HDB prices tend to be sort of a floor on price of property. If HDB prices go up, then all the other property will rise in value too.

Govt also can have cooling measures on private property projects and thus stop any increases as well.

So it depends on the govt. Looks like they are preparing the way for an increase in property prices. Likely because they foresee the Hong Kong demand perhaps?

If they raise HDB prices using the reason for increased building costs, then it is good for the property market as a whole. Maybe they will also lift the cooling measures?

This will boost the economy. Also the government will earn back money they used for the Covid Pandemic through the higher HDB sale prices. GST on property transactions will go up too.

Good move!
 
Singapore property prices are somewhat controlled by the government.

They can inflate or deflate using various measures. This is why unless you have an insider track to HDB and PAP best not to invest in property stocks.

HDB prices tend to be sort of a floor on price of property. If HDB prices go up, then all the other property will rise in value too.

Govt also can have cooling measures on private property projects and thus stop any increases as well.

So it depends on the govt. Looks like they are preparing the way for an increase in property prices. Likely because they foresee the Hong Kong demand perhaps?

If they raise HDB prices using the reason for increased building costs, then it is good for the property market as a whole. Maybe they will also lift the cooling measures?

This will boost the economy. Also the government will earn back money they used for the Covid Pandemic through the higher HDB sale prices. GST on property transactions will go up too.

Good move!
Oii,doc ...government already changed mah ?and if HDB becomes freehold ,very very few buy and sell since ..unless foreigners wanna buy buy the presumptions arso foreign ownership of HDB curtailed .,go lah,buy nd read some economics book
 
Oii,doc ...government already changed mah ?and if HDB becomes freehold ,very very few buy and sell since ..unless foreigners wanna buy buy the presumptions arso foreign ownership of HDB curtailed .,go lah,buy nd read some economics book

New government will lift foreigner restrictions on ownership of HDB too!

Singapore property market has nothing to do with economics. It is all controlled by government.
 
New government will lift foreigner restrictions on ownership of HDB too!

Singapore property market has nothing to do with economics. It is all controlled by government.
Alamak , yes with PAP since property is the only asett they have ...the new government need not leave it to free market ..but ultimately the demand and supply does determine the price ..that’s why I am saying
 
Alamak , yes with PAP since property is the only asett they have ...the new government need not leave it to free market ..but ultimately the demand and supply does determine the price ..that’s why I am saying

There are LOTS of people wanting to migrate to Singapore.

Last I checked China has at least 10 million (out of 1 billion+) wanting to migrate to Singapore and India another 50 million (out of 1 billiong+)

So Singapore can easily increase its population by 10 times what it is now. Demand? No sweat lah.

Now they just need to build those super tall HDB flats and condos!
 
Stupid PAP trying to con us into 'Asset Enhancement V2.0'.

How does the new dorms prevent viral transmission? Impossible. It will transmit just as well because they stay in the same room, share communal facilities work together and nothing will change except costs to the taxpayer and citizens.
 
Stupid PAP trying to con us into 'Asset Enhancement V2.0'.

How does the new dorms prevent viral transmission? Impossible. It will transmit just as well because they stay in the same room, share communal facilities work together and nothing will change except costs to the taxpayer and citizens.

It will help spread the burden.

Anyway Singapore is an inclusive society. No racism. Many sinkies always worried about migrating and racism. Scared they get discriminated and what not.

Hence putting the foreign workers together with everyone else is good. Singapore will openly welcome them being the non racist inclusive regardless of race language or religion type society it is.

Helps with harmony overall.
 
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