HDB unit sold for S$1.73 million, new record for HDB resale flats

[True Believer]

Tiongs say their hou even though is 70 yr but their gov will return them money or renew the lease, won't let them die.

Over in China, the relatively recent privatisation of housing under lease agreements, does not accord buyers complete ownership. This legal void leaves owners of residential properties with a great deal of uncertainty over their rights. In any case, HDB should not be comparing their lease agreements to a communist country where there are gaps in legislation. The HDB should instead consider carefully how the current lease arrangement fits in with the Govt's asset-enhancement policy for public housing.

 

[True Believer]

One the left, HDB slums filled with sinkie sour grapes. On the right should be The Blossomvalue, haha!

At last, you have spoken the truth and admitted your sour grapes!

 

[rocket]

$1.73m HDB flat is at an acceptable absolute quantum.

Singaporeans very rich one. No scared one.

Is pr buy....

 

[rocket]

I hear of young couples who urge their parents to use their retirement savings to fund their lavish purchase of a condo. Most of them won't be able to fully repay such loans before their parents pass on. I guess that may be part of their plan.

Yes.....not many can cough out 25% downpayment.

 

[True Believer]

Yes.....not many can cough out 25% downpayment.

The concept of cutting their coat in accordance with the amount of cloth they can afford does not dawn on these young couples. My wife and I only managed to upgrade to a condo in our early 30s without parental support, but I concede that the runaway prices of today makes this dream far more difficult to achieve now.

 

[rocket]

The concept of cutting their coat in accordance with the amount of cloth they can afford does not dawn on these young couples. My wife and I only managed to upgrade to a condo in our early 30s without parental support, but I concede that the runaway prices of today makes this dream far more difficult to achieve now.

Now trend is bto >Ec > private/landed. Going end soon.

I know one now 67 or 68 years old both husband wife > private first then landed kovan in 40 years old. And now sold and retired move into orchard condo. This is the golden era where one can flip easily with 100k cash.
No more.

 

[rocket]

The concept of cutting their coat in accordance with the amount of cloth they can afford does not dawn on these young couples. My wife and I only managed to upgrade to a condo in our early 30s without parental support, but I concede that the runaway prices of today makes this dream far more difficult to achieve now.

If u flip during 2022 can move landed.

 

[True Believer]

If u flip during 2022 can move landed.

To be honest, that crossed my mind till I visited several of my uncles and aunts who bought landed homes in the 1960s and 70s when they were PMETs, but have since moved their bedroom to the ground floor owing to chronic knee pain.

 

[rocket]

To be honest, that crossed my mind till I visited several of my uncles and aunts who bought landed homes in the 1960s and 70s when they were PMETs, but have since moved their bedroom to the ground floor owing to chronic knee pain.

This is why alot elderly selling EM hdb.

 

[True Believer]

Now trend is bto >Ec > private/landed. Going end soon. I know one now 67 or 68 years old both husband wife > private first then landed kovan in 40 years old. And now sold and retired move into orchard condo. This is the golden era where one can flip easily with 100k cash. No more.

Retirees who stopped work 15 - 20 years ago find the MCST fees a heavy burden; especially when major upgrading is involved like when lifts reach the end of life.

 

[rocket]

Retirees who stopped work 15 - 20 years ago find the MCST fees a heavy burden; especially when major upgrading is involved like when lifts reach the end of life.

Must have saving. Don't go batam Bangkok when reach 55.

 

[True Believer]

Must have saving. Don't go batam Bangkok when reach 55.

Based on my personal observation, most of my retired neighbours have done their due diligence before retiring i.e. they are still able to own a car, travel overseas multiple times in a year, eat at restaurants several times a week, continue to pay the monthly subscription fees on their country club membership and have expensive hobbies like golf.

 

[duluxe]

At last, you have spoken the truth and admitted your sour grapes!

LOl! I am guessing the your mind and it turned out to be true . You will get more, "the best is yet to be!".

 

[glockman]

No dengue mosquito up there.

They can take the lift up. Serious.