Who benefits from sky-high hdb flat prices ?

[batman1]

Who benefits from sky-high HDB Flat prices ?
Singaporeans ?
HDB ?

 

[roxygurly]

Who benefits from sky-high HDB Flat prices ?
Singaporeans ?
HDB ?

i think existing owners benefits
new house owners stand to suffer! :(

 

[Ramseth]

i think existing owners benefits
new house owners stand to suffer! :(

Government, renovation contractors and property agents benefit.

For existing owners at previously lower prices to realise the profits, they must sell. Someone must buy from them.

But they must also buy again for somewhere to live in. That'll be at current market prices far higher and taking away most of their so-called profits.

That's two rounds of buy-and-sell for property agents and two rounds of renovation for contractors. Why else and where else in the world does one find his doorstep and letterbox littered with property agent and renovation contractor flyers on a daily basis.

Government pegs new flat prices on market subsidy basis, not cost subsidy basis. So even when cost of construction comes down with cheaper foreign labour, sale price goes up with the market.

 

[roxygurly]

Government, renovation contractors and property agents benefit.

For existing owners at previously lower prices to realise the profits, they must sell. Someone must buy from them.

But they must also buy again for somewhere to live in. That'll be at current market prices far higher and taking away most of their so-called profits.

That's two rounds of buy-and-sell for property agents and two rounds of renovation for contractors. Why else and where else in the world does one find his doorstep and letterbox littered with property agent and renovation contractor flyers on a daily basis.

Government pegs new flat prices on market subsidy basis, not cost subsidy basis. So even when cost of construction comes down with cheaper foreign labour, sale price goes up with the market.

thanks for your education! i learn alot from you! you are a very wise sg man!

 

[po2wq]

i think existing owners benefits ...

existing owners cannot benefit unless dey can sel away their ah tan's palace n den stay in tents ... :o

 

[Brightkid]

For HDB, beneficiaries are mainly government and PRs.

Citizens can only buy 1 at a time and unless they have a few other private properties on hand to live in, they have to sell/buy in the same market timeframe hence no different to them. Only impact is they move from a less preferred to high demand area.

 

[Queen Seok Duk]

existing owners cannot benefit unless dey can sel away their ah tan's palace n den stay in tents ... :o

Which means only PRs benefit because after they have sold their HDB holes they can return to their Indian or Malaysian kampong.

 

[Ramseth]

Which means only PRs benefit because after they have sold their HDB holes they can return to their Indian or Malaysian kampong.

I don't think they return to kampung. They return to garden estate and buy land, freehold.