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HDB for home stay?

zhihau said:
Hence HDB dug themselves a hole, made worse with the asset enhancement scheme. Therefore the need for cooling measures? :o-o::o-o::o-o:
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Please lah, the current cooling measures are mainly targeted at private property buyers and foreigners, not new HDB applicants. except for the TDSR restriction. Even the TDSR restriction does not apply to first time HDB buyers.
 
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zhihau said:
This is somewhere we can agree with, but that’s where the similarities stop :roflmao::roflmao::roflmao:
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Of course when you people are "encouraging" the richer ones to give up their previously hard-earned possessions. Is this fair I asked to you? I don't get a cent of grant from the HDB when I bought mine 25 years ago because HDB grants were totally unheard of during that time.
 
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zhihau said:
Like COE like that lah, return the remnants of what’s left in the lease.
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Sinkies are legally entitled to own and stay in their HDB flats for 99 years. If a sinkie couple buys the flat during their mid-20s or early-30s, the flat would remain in their family's possession until their grand kid turns 50s and the original buyers die of old age. I fail to see how such a long lease given by PAP will harm sinkies.

Unless you prefer the indon's 30+30 lease or chinkland 70 year lease for residential properties.
 
winners said:
Of course when you people are "encouraging" the richer ones to give up their previously hard-earned possessions. Is this fair I asked to you?
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winners said:
Please lah, the current cooling measures are mainly targeted at private property buyers, not new HDB applicants. except for the TDSR restriction. Even the TDSR restriction does not apply to first time HDB buyers.
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On fairness, if the richer ones had moved up the ladder and living in a better space, good for them. If they leaving the HDB for their kids, transfer the HDB lease under kids name- which is why I mooted the point “HDB for home stay?”

I take your point for no restrictions at new HDB applicants, but I thought TDSR applies to all applicants?
 
zhihau said:
Like COE like that lah, return the remnants of what’s left in the lease.
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Considering the vast differences in amounts between the COE and the prevailing HDB market prices will mean that Ho Ching will have to crack her head even more to get those monies. Not feasible. On the other hand, if you insist that HDB pays back only the remaining lease period based on the original purchase price, I'm sure every Sinkie, not just those lesser abled, will protest vigorously. And I'm sure so will you. Also, after acquiring back the used HDBs, is HDB willing to resell again at lower prices and absorb the loss? Wait long long.
 
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JohnTan said:
I fail to see how such a long lease given by PAP will harm sinkies.
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99 year lease is a fairly long time, that I agree. In fact, most folks would have moved on to a second property, HDB or private, before the lease of the first HDB they had leased hit 30 years.

My contention in this thread about the speculative nature and its correlation in driving the prices of future HDB. You still with me?
 
Very healthy and constructive debate/discussion here without a word of vulgarity. Keep it up.
 
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In conclusion, with regards to curbing the spiraling of new BTO prices, I can only offer 2 possible solutions which some of you here may agree with me:

a. Split HDB into 2 entities. One for building basic bare-bone HDB flats and sell at their cheapest price possible to cater to the lesser abled. The other is to build with better quality and facilities for those who want more from public housing. Actually, to a certain extent, this has already been in place with the introduction of Executive Condominiums, but it seems to be not enough.

b. HDB must never use land costs to justify their reason to increase their new BTO prices. This practice has been in place eversince HDB built their first flat. It must be stopped because the whole land transaction is just from the right hand to the left hand. The SLA and HDB all belong to the same boss. Furthermore, the HDB can acquire back the units for free after the 99-year lease. If they will stop this practice, then I believe those new BTO prices can be well controlled and offer even better affordability to more Sinkies.
 
winners said:
In conclusion, with regards to curbing the spiraling of new BTO prices, I can only offer 2 possible solutions which some of you here may agree with me:

a. Split HDB into 2 entities. One for building basic bare-bone HDB flats and sell at their cheapest price possible to cater to the lesser abled. The other is to build with better quality and facilities for those who want more from public housing. Actually, to a certain extent, this has already been in place with the introduction of Executive Condominiums, but it seems to be not enough.
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This is exactly what the HDB was supposed to have been. build bare bones.

All I'm advocating is that HDB should not lose sight of it's original mission.
 
winners said:
In conclusion, with regards to curbing the spiraling of new BTO prices, I can only offer 2 possible solutions which some of you here may agree with me:

a. Split HDB into 2 entities. One for building basic bare-bone HDB flats and sell at their cheapest price possible to cater to the lesser abled. The other is to build with better quality and facilities for those who want more from public housing. Actually, to a certain extent, this has already been in place with the introduction of Executive Condominiums, but it seems to be not enough.

b. HDB must never use land costs to justify their reason to increase their new BTO prices. This practice has been in place eversince HDB built their first flat. It must be stopped because the whole land transaction is just from the right hand to the left hand. The SLA and HDB all belong to the same boss. Furthermore, the HDB can acquire back the units for free after the 99-year lease. If they will stop this practice, then I believe those new BTO prices can be well controlled and offer even better affordability to more Sinkies.
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I simply revere the beauty of collective wisdom, your post is one great exemplar of what we can all achieve.

The Sammyboy Spirit shall prevail!
 
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