HDB flats: Why did supply fail to keep up with population growth ?

A Case Of Barking Up The Wrong Tree !!!




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Jan 26, 2010


HDB flats: Why did supply fail to keep up with population growth?

WITH reference to the Housing and Development Board's (HDB) reply last Thursday ('Income ceiling helps ensure neediest get subsidised flats'), my sense is that the HDB underestimated the social ramifications of the resale policy to permanent residents (PRs), while it failed to maintain the Home Ownership Scheme for the people to balance demand of rapid population growth during the past 20 years. As a result, low- and middle-income households have suffered.

The ceiling of $3,000 and $2,000 for three- and two-room flats did not help as HDB did not build enough units to meet the market, citing low demand. This drastic reduction in the number of flats built is detrimental to the ageing population in the rental and sales market.

The policy to allow 533,000 PRs to buy resale HDB flats works against citizens. It is difficult to comprehend why HDB began to wind down the momentum to build more flats during the 1990s when the population ballooned from 3.047 million to 4.027 million by the end of 2000.

The yearly average peak of 30,900 HDB flats built during the 1980s corresponded with the population growth meeting the Home Ownership Scheme. However, during the 1990s when one more million people were added, HDB began to taper down to 25,700. What puzzles me most is that by 2008, when another 810,000 people were added to the population, HDB built only 8,260 units. Why the paradigm shift?

Take the example of a Queenstown five-room flat at $619,000. Single-income families earning $6,000 with two children cannot afford to pay 50 per cent of their income to buy such a flat. Can the $30,000 subsidy help them? Combined-income families with two children earning $8,000 may falter to commit 38 per cent for such flats. These groups are the 'neediest' for bigger flats, yet the Home Ownership Scheme eludes them.

Paul Chan

The son hallucinates Singapore is as big as China and potable water and food are in abundance.
These people speak from the anus.

Tiu Kwang Yew said:

but the loony son says low birth rate woh!

Click to expand...

If Highly Proclaimed Dear Leader said low birth rate, and yet demand outstriped supply for public housing, leading to gravity-defying price increases, the reasons can be one, or more, of the followings, though not limited just to these :

1. There is a very huge demand from outside of shitizen numbers which they claimed is not caused by PRs;
2. One (or more) of his million-dollar minister did not see it coming
3. HDB's scholars are not connected to the ground and do not have forcasting capabilities. More likely spent time thinking how to polish boss to secure their job and promotion.
4. Any Other reasons.

The one and only solution these MIW and scholar know to hopefully solve the problem is to increase price. Else they will ask the population to suggest solutions for them to evaluate.

How to have many children when the fundamental problems and coast stacks against the lesser mortals ? Having children is a life-time commitment, not just a one-off, fxxk, deliver, that's it.

Mdm Tang said:

A Case Of Barking Up The Wrong Tree !!!




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ST Forum
Home > ST Forum > Online Story



Jan 26, 2010


HDB flats: Why did supply fail to keep up with population growth?

WITH reference to the Housing and Development Board's (HDB) reply last Thursday ('Income ceiling helps ensure neediest get subsidised flats'), my sense is that the HDB underestimated the social ramifications of the resale policy to permanent residents (PRs), while it failed to maintain the Home Ownership Scheme for the people to balance demand of rapid population growth during the past 20 years. As a result, low- and middle-income households have suffered.

The ceiling of $3,000 and $2,000 for three- and two-room flats did not help as HDB did not build enough units to meet the market, citing low demand. This drastic reduction in the number of flats built is detrimental to the ageing population in the rental and sales market.

The policy to allow 533,000 PRs to buy resale HDB flats works against citizens. It is difficult to comprehend why HDB began to wind down the momentum to build more flats during the 1990s when the population ballooned from 3.047 million to 4.027 million by the end of 2000.

The yearly average peak of 30,900 HDB flats built during the 1980s corresponded with the population growth meeting the Home Ownership Scheme. However, during the 1990s when one more million people were added, HDB began to taper down to 25,700. What puzzles me most is that by 2008, when another 810,000 people were added to the population, HDB built only 8,260 units. Why the paradigm shift?

Take the example of a Queenstown five-room flat at $619,000. Single-income families earning $6,000 with two children cannot afford to pay 50 per cent of their income to buy such a flat. Can the $30,000 subsidy help them? Combined-income families with two children earning $8,000 may falter to commit 38 per cent for such flats. These groups are the 'neediest' for bigger flats, yet the Home Ownership Scheme eludes them.

Paul Chan

Click to expand...

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My friends said the following are the causes of

low supply and therefore drive up HDB prices :


a ) Potential Sellers who are hand bounded and cannot
sell and cash out because homebread winners
are jobless and therefore cannot qualified for
HDB BANK LOAN.

b) Potential sellers who do not have a regular job
maybe partime job therefore bank decline
their loan application inspite of sellers
are CPF rich after selling home. Bank
do not buy idea of of tempory jobs or temp
out of job and with much CPF nest egg.

c ) Potential sellers who are in the 50'ties and sixties
may have regular jobs but bank loan failed becuase\
loan tenure too short due to age.

d ) Potential sellers who cannot get a bank loan because
of credit card problems and or not prompt in payment
as in Credit Bureau Singapore records. Again cannot sell.

e ) Potential sellers who cannot get another housing loan
( ether from banks or from HDB )
after selling


Note : Singaporeans do not have bank loan problems
before the year 2003 ( or thereabout )
becuase each time they sell HDB will
almost automatic give another Housing loan
to buy another flat. Also HDB loan
assessment is more relax.

Singaporean also do not have to have this
CBS, Credit Bureau Singapore data before the
year 2004 or thereabout.


There we have it supplies are low because Potential Sellers cannot
cash out...

And then there are those who inspite of item a) to item e) above

die die most sell because CRedit cards debts piling and ah longs

coming ( many of this did not expect Bank s to decline their

HDB housing loans appln ) writ of summons posted on the door coming...

so they are force to Sell. After sell got no home becuase bank ;loan

declined . These group they go and rent ( either per room or

whole unit ) and therefore they also help to DRIVE up the

HDB rental market.


* any bro and sis here know how many HDB bank loan

applns are declined for the whole of Year 2008 and Year

2009 . there figures will help to confirm my points raised

above ...

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Mdm Tang said:

HDB flats: Why did supply fail to keep up with population growth?

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It 's so obvious that IF you do not know it . You belong to the 66% working in a slave job who haven't got a clue to what the ruling party have in store for you .

Watchman said:

It 's so obvious that IF you do not know it . You belong to the 66% working in a slave job who haven't got a clue to what the ruling party have in store for you .

Click to expand...

i only primary school ;; what you talking ..?

go straithg to the point mah ...

The low birth rate confirms and answers the question of availability of public housing .


It all goes back and back and dig more SHIT from years back . That collective and corrective policies will not always work for you even if you study mighty more years than others . You got pea of a brain yet, you hide behind your glasses and years of academic studies .
--delicated to policy makers who are always screwing up our lives .

That people are fucked pretty much day in and day out . That they rather not have their children suffer . Instead ruling party let in a torrent and floodgates to FTs to suppress your quality of life further .

Mdm Tang said:

A Case Of Barking Up The Wrong Tree !!!




+++++++++++++++++++++++++++++++++++

ST Forum
Home > ST Forum > Online Story



Jan 26, 2010


HDB flats: Why did supply fail to keep up with population growth?

WITH reference to the Housing and Development Board's (HDB) reply last Thursday ('Income ceiling helps ensure neediest get subsidised flats'), my sense is that the HDB underestimated the social ramifications of the resale policy to permanent residents (PRs), while it failed to maintain the Home Ownership Scheme for the people to balance demand of rapid population growth during the past 20 years. As a result, low- and middle-income households have suffered.

The ceiling of $3,000 and $2,000 for three- and two-room flats did not help as HDB did not build enough units to meet the market, citing low demand. This drastic reduction in the number of flats built is detrimental to the ageing population in the rental and sales market.

The policy to allow 533,000 PRs to buy resale HDB flats works against citizens. It is difficult to comprehend why HDB began to wind down the momentum to build more flats during the 1990s when the population ballooned from 3.047 million to 4.027 million by the end of 2000.

The yearly average peak of 30,900 HDB flats built during the 1980s corresponded with the population growth meeting the Home Ownership Scheme. However, during the 1990s when one more million people were added, HDB began to taper down to 25,700. What puzzles me most is that by 2008, when another 810,000 people were added to the population, HDB built only 8,260 units. Why the paradigm shift?

Take the example of a Queenstown five-room flat at $619,000. Single-income families earning $6,000 with two children cannot afford to pay 50 per cent of their income to buy such a flat. Can the $30,000 subsidy help them? Combined-income families with two children earning $8,000 may falter to commit 38 per cent for such flats. These groups are the 'neediest' for bigger flats, yet the Home Ownership Scheme eludes them.

Paul Chan

Click to expand...

Because the left hand dunno what the right hand does, which is because the brain is not functioning.

WKS gives out the PRs and Mah builds the flats. Each doesnt know what the other bugger does; and Pinky is too sick to care.

kingrant said:

Because the left hand dunno what the right hand does, which is because the brain is not functioning.

WKS gives out the PRs and Mah builds the flats. Each doesnt know what the other bugger does; and Pinky is too sick to care.

Click to expand...

ELECTION STRATEGY is it ?

the hdb increased demand (allow PRs to buy) and cut back supply (reduce no. of new buildings a year) in order to raise Prices. - short term and desperate move to placate the PAP support based of 40s-60s year olds. this gives them a perceived increase in wealth tru higher home asset prices.

You must buy within your means.
If your head is so small......dun go and buy a big hat.
it will only cover your vision....kanna knocked down oso dunno why.


:o :( :o

Marboro Tan directed his goons to remain silent when they were quized about the true costs of building pigeonholes.

Therefore Peasant Tan is a fool to think his demand will be answered by the swines who are playing power games in Housing Mafia. Marboro will probably consign this letter to the recycle bin.

Tiu-leh-see-fart said:

The son hallucinates Singapore is as big as China and potable water and food are in abundance.
These people speak from the anus.

Click to expand...

Speak from the anus? He has a horde of porlampar MPs so far up his ass that he can taste their Brylcreem.

Watchman said:

It 's so obvious that IF you do not know it . You belong to the 66% working in a slave job who haven't got a clue to what the ruling party have in store for you .

Click to expand...

Dear Watchman ,


Looks like you want the TRUTH !!!!

Can You Handle The TRUTH ???


This is the TRUTH !!!!





http://www.youtube.com/watch?v=8hGvQtumNAY




Can you handle the TRUTH ???