HDB for home stay?

[zhihau]

A 4 room hdb pigeon hole easily cost close to half a million. U say leh?

BTO or resale? Location?

 

[JohnTan]

For far too long these issues on HDB had been discussed till death.

1. HDB should not be sold in the open market and should rightfully be sold to HDB based on its current value. It’s not a commodity for speculation but a basic need for her citizens.

HDB would need a lot of extra cash and loans to buy back HDB flats at the current value. I'm not sure if HDB would have billions of spare cash lying around. There are such property companies around like Zillow who buy private property from homeowners, hold it in their inventory for a while before reselling it other people. It's risky business.

Besides, based on current value, BTO buyers still get to cash out well if they sell their BTO flats from Queenstown or Clementi after the MOP.

2. HDB should rightfully for home stay and those who wants to upgrade ought to give up the HDB and “move up the ladder”, so to speak. No owning of second property should be allowed if you hold on to a HDB flat.

That rule has been in place for many years already. Overwhelming majority of sinkies living in HDB flats do not own a second property. The issue is more tricky when sinkies marry PRs and form a family unit with them in Singapore. There is a possibility that those PRs may have direct interests in property back in their home countries.

with the removal of these speculative and investive elements of HDB, would the prices of future HDB be sky high? still need cooling measures?

HDB property prices rise over time because it is generally attractive to live and work in Singapore. Oppies just hate to admit that fact.

It's an open secret the residential property prices are much lower in JB. Yet, there is no overwhelming demand for JB condos or landed property. That tells you a lot of what people on the ground think about the prospects of Johor and jiuhu.

 

[JohnTan]

You own the 99-year lease. That flat still belongs to HDB once the lease is up.

99 years is literally 99 years. Oppies are making 99-year lease sound like it is a 2 year rental lease. Perhaps you should get a more realistic perspective of what 99 years really means.

 

[bushtucker]

Reminds me of the Patek ad.

"You never actually own a HDB, you merely look after it for the next generation."

Difference is HDB is worth $0 after 99 years but the Patek is still worth a few hundred grand.

 

[zhihau]

Reminds me of the Patek ad.

"You never actually own a HDB, you merely look after it for the next generation."

Difference is HDB is worth $0 after 99 years but the Patek is still worth a few hundred grand.

Does a Patek cost half a mil?
Just checked, got woh...

 

[jw5]

Does a Patek cost half a mil?
Just checked, got woh...

Saw a website that said the range is roughly between S$11K to S$700K.

 

[metalrover]

BTO or resale? Location?

Bto price, not even in central area

 

[nightsafari]

Does a Patek cost half a mil?
Just checked, got woh...

I've never understood the appeal of a Patek. It looks old. Instantly ages whoever's wearing it. They're not like Rolexes that are supposed to be durable and everyday wear friendly. Some kinda prima donna watch. I can't stand prima donnas...

@glockman. you have an opinion on this?

 

[nightsafari]

no. buy a housing scheme from HDB. paying monthly CPF contribution.All the CPF you put in is guaranteed.. when you buy direct BTO.

You own the 99-year lease. That flat still belongs to HDB once the lease is up.

zhihau. if you think about it it's scary. It's like some kinda scheme to vacuum up CPF funds with all these incentives.

 

[nightsafari]

CCPee learnt from Piss And Poop and successfully replicated this 接盘侠游戏 in Tiongland.

did tiongland learn from PAP or the other way around? I was under the impression that there's a tendency for commies to nationalize all property and then disburse them as lodgings as long as they obeyed the state.

 

[zhihau]

zhihau. if you think about it it's scary. It's like some kinda scheme to vacuum up CPF funds with all these incentives.

holey moley! you are making absolute sense!

 

[glockman]

I've never understood the appeal of a Patek. It looks old. Instantly ages whoever's wearing it. They're not like Rolexes that are supposed to be durable and everyday wear friendly. Some kinda prima donna watch. I can't stand prima donnas...

@glockman. you have an opinion on this?

A patek is high horology. Very well made, understated elegance, and they are gorgeous watches. Rolexes are like mercedes, Pateks are like rolls royces. I like the Aquanaut, but still waiting to strike TOTO or 4D first.

 

[nightsafari]

A patek is high horology. Very well made, understated elegance, and they are gorgeous watches. Rolexes are like mercedes, Pateks are like rolls royces. I like the Aquanaut, but still waiting to strike TOTO or 4D first.

looks appropriate on me when I'm 70+ .... I think a Rolls Royce is pretty darn useless.

 

[glockman]

looks appropriate on me when I'm 70+ .... I think a Rolls Royce is pretty darn useless.

In truth, many luxury things are useless. Most of us can exist happily with a Casio and the MRT.

 

[JohnTan]

did tiongland learn from PAP or the other way around? I was under the impression that there's a tendency for commies to nationalize all property and then disburse them as lodgings as long as they obeyed the state.

chinkland sells their apartments for 70 year lease. In Beijing and Shanghai, 70 year lease apartments. Housing costs range from around S$900 to S$1800 psf in Shanghai.

In Singapore, HDB resale flats are selling for about S$550 psf.

Oppies still think housing prices in Singapore is unrealistically high?

 

[zhihau]

chinkland sells their apartments for 70 year lease. In Beijing and Shanghai, 70 year lease apartments. Housing costs range from around S$900 to S$1800 psf in Shanghai.

In Singapore, HDB resale flats are selling for about S$550 psf.

Oppies still think housing prices in Singapore is unrealistically high?

Chinkland has plenty of land and even more vacant buildings. Sinkiestan got what? swim in the sea?

 

[blackmondy]

looks appropriate on me when I'm 70+ .... I think a Rolls Royce is pretty darn useless.

You can always get the cheong version from AliExpress.

 

[blackmondy]

did tiongland learn from PAP or the other way around? I was under the impression that there's a tendency for commies to nationalize all property and then disburse them as lodgings as long as they obeyed the state.

Deng Xiaoping came to stinkapore in 1978 and has 4 countries to learn from on how to squeeze your people dry. After much deliberation, it is concluded that stinkapore fits the bill perfectly. After all, it's more appropriate from one dictator to learn from another.
If you read Chinese, you can slowly digest the articles below.

http://cpc.people.com.cn/n1/2018/0828/c69113-30255620.html

https://opinion.huanqiu.com/article/9CaKrnJEyWu

 

[winners]

HDB must be allowed to be resold in the open market, especially for male Singapore citizen as it is considered an entitlement privilege for serving your National Service for the country. I have always found that those who are against this are themselves to be blamed for not taking advantage of your Singapore citizenship's privilege. Besides, a Singapore citizen is only allowed to buy new HDB flats twice in his/her lifetime and the second purchase even has to be an upgraded HDB. This is already sufficient restriction. Enough said.

 

[blackmondy]

In truth, many luxury things are useless. Most of us can exist happily with a Casio and the MRT.

It's all about "make me feel good".