Fundamental differences between a condo and HDB flat

Hdb has the best of both world.
Tenant pays property tax , same as pte housing.

Pte houses owners owns the place, they can mortgage and pledge their property for a loan. But HDB can't pledge their property for a loan.

That the difference, one is that you own the lease for 99 years. HDB you are on rental of the lease.
 
congo9 said:
Hdb has the best of both world.
Tenant pays property tax , same as pte housing.

Pte houses owners owns the place, they can mortgage and pledge their property for a loan. But HDB can't pledge their property for a loan.

That the difference, one is that you own the lease for 99 years. HDB you are on rental of the lease.
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To pledge a private property be it landed or condo for a loan does it mean taking higher loan? Or there is a risk if they can’t pay for the loan n the loan will be under a finance company instead?
 
ThomasEddy said:
Collective sale days are quite over unless new funds pump in
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In a tiny country with a growing population, the demand for housing will always remain high. The govt cannot quench the aspirations of the people to upgrade themselves out of the HDB heartlands.
 
True Believer said:
In a tiny country with a growing population, the demand for housing will always remain high. The govt cannot quench the aspirations of the people to upgrade themselves out of the HDB heartlands.
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If the growth one day were to decrease, how can it be that they keep building more and more houses? Maybe it’s due to the lower in supply of houses during the covid and post covid delay that led to higher demand and increase in property prices. All these follow a peak and fall.

There must be a reason for people wanting to upgrade from a HDB to condo but not all condo have gd appreciation prices and not all HDB have lousy appreciation.
 
ThomasEddy said:
If the growth one day were to decrease, how can it be that they keep building more and more houses? Maybe it’s due to the lower in supply of houses during the covid and post covid delay that led to higher demand and increase in property prices. All these follow a peak and fall. There must be a reason for people wanting to upgrade from a HDB to condo but not all condo have gd appreciation prices and not all HDB have lousy appreciation.
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I have viewed condos that are so inconveniently located deep inside residential estates made up of mostly landed homes, that every member of the household would need to be ferried to the nearest bus stop or MRT station by car!
 
True Believer said:
I have viewed condos that are so inconveniently located deep inside residential estates made up of mostly landed homes, that every member of the household would need to be ferried to the nearest bus stop or MRT station by car!
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Yes. Some condos are cheaper than some HDB flats but so ulu.
 
ThomasEddy said:
So the land owner get a sum from the developer to allow them to the rights to build for say 99 years and after that the land returns to the land owner in whatever ways they wanna do with the land? Is the land owner SLA or some olden days rich Singaporeans whose ancestors bought the land?
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Most of the land in Singapore is owned by the SLA, illegally obtained via the Land Titles Act. And yes, the developer will lease the land from them and build condos to sell. The interesting part is what happens at the end of the lease. I have not seen a copy of it, but in some countries, the landowner requires the land to be return to them in the original condition. Which means the condo building has to be torn down and the owners surrender it. In other cases, the landowner will take over the premises and maybe the owners can negotiate with the owner directly. Not sure how SLA leases are set up.

Some land is also owned privately. Far East comes to mind. They own a lot of land and they have their own development company. So, obviously, Ng Teng Fong and gang will build their own condos on their own land using their own development company. U can buy your condo build by FEO and know that the land owner is Far East.
 
Papsmearer said:
Most of the land in Singapore is owned by the SLA, illegally obtained via the Land Titles Act. And yes, the developer will lease the land from them and build condos to sell. The interesting part is what happens at the end of the lease. I have not seen a copy of it, but in some countries, the landowner requires the land to be return to them in the original condition. Which means the condo building has to be torn down and the owners surrender it. In other cases, the landowner will take over the premises and maybe the owners can negotiate with the owner directly. Not sure how SLA leases are set up.

Some land is also owned privately. Far East comes to mind. They own a lot of land and they have their own development company. So, obviously, Ng Teng Fong and gang will build their own condos on their own land using their own development company. U can buy your condo build by FEO and know that the land owner is Far East.
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Keppel also own land right and some other developers. So if the landowner wants their land back after the lease period, what will SLA do?
 
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True Believer said:
In a tiny country with a growing population, the demand for housing will always remain high. The govt cannot quench the aspirations of the people to upgrade themselves out of the HDB heartlands.
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You stupid cunt, singapore got growing population meh? Singapore birth rate at historic low. U are talking shit through your asshole again. Singaporeans are not reproducing enough to replace even their own population. And why do they need to upgrade themselves out of HDB Heartland. U must be the last asshole not to know that singaporeans can own HDB and private property at the same time. No need to get out of the HDB Heartland.

https://www.channelnewsasia.com/sin...ty-rate-births-record-low-immigration-4966516
 
ThomasEddy said:
Keppel also own land right and some other developers. So if the landowner wants their land back, what will SLA do?
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your question is ridiculous. if there is a 99 year or 999 year land lease in place, where got such shit "want their land back". U wait until the lease is over
 
Papsmearer said:
your question is ridiculous. if there is a 99 year or 999 year land lease in place, where got such shit "want their land back". U wait until the lease is over
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I asking a question and it’s not to u per say. Who calls himself PAP smear
 
Y
Papsmearer said:
You stupid cunt, singapore got growing population meh? Singapore birth rate at historic low. U are talking shit through your asshole again. Singaporeans are not reproducing enough to replace even their own population. And why do they need to upgrade themselves out of HDB Heartland. U must be the last asshole not to know that singaporeans can own HDB and private property at the same time. No need to get out of the HDB Heartland.

https://www.channelnewsasia.com/sin...ty-rate-births-record-low-immigration-4966516
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They can own both HDB and Condo and be gd friends with IRAS every year.
 
Papsmearer said:
You stupid cunt, singapore got growing population meh? Singapore birth rate at historic low. U are talking shit through your asshole again. Singaporeans are not reproducing enough to replace even their own population. And why do they need to upgrade themselves out of HDB Heartland. U must be the last asshole not to know that singaporeans can own HDB and private property at the same time. No need to get out of the HDB Heartland.
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Based on the June 2024 of 6.04 million as the most reliable recent point for the growth calculation from June 2015, S'pore's overall population has grown by approximately 0.50 million or 500,000 people. That means a growth of 9% from June 2015 to June 2024. Every person living in S'pore requires housing so I rest my case, you imbecile.
 
Papsmearer said:
You stupid cunt, singapore got growing population meh? Singapore birth rate at historic low. U are talking shit through your asshole again. Singaporeans are not reproducing enough to replace even their own population. And why do they need to upgrade themselves out of HDB Heartland. U must be the last asshole not to know that singaporeans can own HDB and private property at the same time. No need to get out of the HDB Heartland.
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My family left the HDB heartlands 25years ago because of the stench from cunts like you living there.
 
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