- Joined
- Feb 14, 2009
- Messages
- 1,589
- Points
- 48
New property measures really works based on lower COV ?
When you sell your old flat, you engage the “HDB approved surveyor” to take a look and valuate the lease price !
This guy would factor the proximity to amenities as well as the furnishing of the flat that includes the basic renovation when he names the price right ! This is a normal procedure and so the actual value oredi valuated right !
You may ask why then the COV ? The coffee money ? COV is sellers want more money and the culture was born, and it is a wonder why HDB approves the system but out of the valuation which buyers cannot use CPF to pay, it is extra hot cash !
All the while, the COV has been hovering around 20 to 50k averagely, so what is the difference when you say the COV is at 20k----you still need hot cash to buy right !
We all know HDB flats oredi overpriced, but to convince you the system is fair, they ship in rich FTs to sustain the price !
HDB also collect the COV minus the deposit 5k to the seller , HDB then pay the full amount to the seller what the deal is done !
Why HDB is collecting the COV if buyer cannot use CPF to pay right ?
House valuation is oredi so impractically expensive , add on the daylight robbery” COV”, young voters who wish to buy resale lease are really HDB slaves ! Who are the winners and losers when you talk about COV, not to mention about the high valuation ? Paying the valuation oredi take 20 to 30 years if you are just normal guys , so after paying so, if your flat is a 30 yrs old one, it could have been 60 yrs of age by then right ?
What faith are you talking about ?You call COV , HDB upgrading, etc , a faith when common salaries are still very third world ?
COV is really a crazy thing born out of HDB like COE born out of LTA !
So you see, bright scholars are headhunted for these kind of jobs !
And Of course a view from the ivory is more serene than those at the HDB flats right !
What on earth is happening ----HDB price drops becos someone is voted out ! HDB flats must have built in straws with a political price ?
Oppo parties got the most things to talk about HDB flats, choose the facts and educate the voters ! Remember , focus on the voters !