HDB continues to trickle with new measures to ensure only serious HDB flat buyers

[Confuseous]

We keep paying these minister guys and CEOs top dollars and they cannot even plan and put everything on the table at one time.


HDB has given the assurance that if demand persists, it will continue to build flats.

To this end, HDB explains that to protect the interest of serious home buyers, it needs to ensure that the flats are only allocated to serious buyers. Thus, buyers are required to pay a nonrefundable booking fee when they select a unit and a 10 per cent downpayment when they sign the agreement.

To further discourage buyers who book a flat but subsequently cancel their booking, applicants will not be allowed to apply or be included as an essential occupier for a new HDB flat/DBSS flat/Executive Condominium unit or a resale flat with housing grants, within one year from the date of cancellation. This requirement will, however, be waived in exceptional circumstances beyond the control of the applicants.

HDB also advises flat buyers to apply for a BTO flat in non-mature towns/estates to enjoy a higher chance of success in securing a flat.

It is slated to launch 4,640 BTO flats for sale in Choa Chu Kang, Kallang Whampoa, Punggol and Sengkang in May 2012.

 

[zhihau]

We keep paying these minister guys and CEOs top dollars and they cannot even plan and put everything on the table at one time.

HDB has given the assurance that if demand persists, it will continue to build flats.

did the demand grow overnight? What had the previous Minister been doing?

 

[laksaboy]

did the demand grow overnight? What had the previous Minister been doing?

Profiteering and bullshitting all the way.

Squinty-eyed little bastard.

 

[wMulew]

They are doing it 1 thing at a time in an attempt to slowly bring down the price. If they put in everything one shot it might crash the market

 

[Scrooball (clone)]

$800k for 4 room DBSS with a floor space of 80. U can afford?

 

[jw5]

did the demand grow overnight? What had the previous Minister been doing?

Wasn't he trying to ensure that the government reserves would not be depleted?

 

[Scrooball (clone)]

The useless Malaysian Cow should reduce demand by imposing a quota on flats which PRs can purchase. For instance, only PRs who have worked for more than 5 years are allowed to purchase BTO. Leave those costly DBSS and EC to them.

 

[Unrepented]

If sales price is equal or greater than cost, how this endeavour deplete the govt reserves har:o

Wasn't he trying to ensure that the government reserves would not be depleted?

 

[jw5]

If sales price is equal or greater than cost, how this endeavour deplete the govt reserves har:o

Exactly, my dear Watson.