PAP caught red-handed?

[winnipegjets]

Henry Lim
The Straits Times
Tuesday, Aug 13, 2013

Forum

SINGAPORE - There has been high demand for the newly launched Build-To-Order two-room Housing Board flats for singles.

Buyers are entitled to various housing grants, which can lower the price of such flats to about $50,000. For singles who apply jointly, the net price is even lower, at about $16,000.

Hence, the flat may be viewed as a good long-term investment for eventual resale or rental.

In contrast, the price of a similar studio apartment for seniors aged above 55 is about $90,000.

The studio apartment comes with wardrobes, kitchen cabinets and flooring, but it is still difficult to comprehend why there is such a big price difference. Studio apartments are also on a 30-year lease, and owners are not allowed to rent out or resell the units.

Some seniors are unemployed and may have financial difficulty in purchasing a studio apartment. The price of such units should be reviewed.

Can the HDB also enlighten us on the price differential between a new two-room flat and a studio apartment?

-Henry Lim

 

[zhihau]

elderly folks have higher purchasing power with all their monies in their CPF?

 

[johnny333]

Elder folks are likely to die sooner & they probably want to squeeze whatever $$$ they can get

 

[winnipegjets]

BTO 2-room flats with 99-year lease : $50k
Studio aparment with 30-year lease: $90k

HDB will have to manage the supply of BTO 2-room flat so as not affect the 'demand' for studio apartment. Does the HDB think sinkees are stupid?

 

[wendychan]

suck you dry... after all when you dead, you should not give your money to your children, they will kill each other for it. give it back to you know who instead

 

[ray_of_hope]

Does the HDB think sinkees are stupid?

It is no longer a case of "think", but a known fact. :o

 

[GoldenDragon]

They are going after the singles as their votes are badly needed after decades of neglect wrt HDB flats. There were marginalised and victimised in the past. Why would the govt suddenly choose to sayang the singles? The singles should just apply for their HDB flats and continue to vote opposition.