If BTO is $750K, then resale must be 1 million!

[BuiKia]

I thought housing should be a basic necessity? If HDB salary ceiling is 8k, the coupld can afford a $750 HDB flat? Can, have no kid loh.

Even after subsidy and grant, new BTO flat at Tiong Bahru costs $750k

STOMPer Popo was shocked to learn that a new BTO flat at Tiong Bahru is priced at $750,000 even after subsidy and grant, and wondered why Singaporeans blame foreigners for soaring housing prices.

Said the STOMPer:

"I am shocked to learn that among new BTOs released recently, a five room flat at Tiong Bahru is priced at S$750,000.

"Please note that this is the price of a new flat inclusive of subsidy and HDB grant.

"Imagine, if you bought this flat at 750k, what price will you sell this flat after five years?

"Yet, people blame soaring house prices on Permanent Residents (PRs).

"Is this fair?

"An ancient Chinese saying that goes 'when you want to put blame on someone, there are a thousand and one excuses' best explains this situation."

This is not the first instance in which a member of the public has been surprised by the high cost of things in Singapore.

Recently, STOMPer Kacy was amused after reading a report about a man who was selling his licence plate for $1 million.

And the sale of a Housing Board executive maisonette at Block 149 Mei Ling Street for $1 million became a talking point among Singaporeans.

 

[winnipegjets]

Foreigners push up the price of resale HDB flat. The government then use the resale market price to formulate its new HDB price and its fictitious subsidy.

 

[streetsmart73]

Foreigners push up the price of resale HDB flat. The government then use the resale market price to formulate its new HDB price and its fictitious subsidy.

hi there


1. bro, bingo!
2. the hard truth sucks too
3. next, we shall have the resident bitch/cunt coming in here.
4. and blahs that such formula is positive and correct hoh.
5. thereafter, its cocksuck client, sam will up its points mah:p
6. what's new?