The answer is yes. In the open market it is a free call for all and since private property are even more expensive than HDB there will always be people who will want to buy your jumbo,five room and four room HDB flats as long as they have money. The government and bank can drag the waiting time and made bank loan more difficult but they cannot stop you from buying and cooking up the property price. Just be mindful of one thing if you want to play property or sell your house. Where are you going to sleep and buy another home that is bigger or same in size as your previous house with the money you received. You can't. You can only buy a smaller house in the end. You trade your big house away for short term profits. It still won't prevent idiots from selling though. They will either spend the money away in a few years time and start to regret or they will use the sales proceeds to use as down payment to buy a condo to realise their dream of being a upper class person but at the expense of redoing the whole mortgage cycle again. Made life simple for yourself. If you have a big house and you are already close to paying it off or already finished paying for it then just just stay and die in it. Dont create extra trouble for yourself by selling it away and start the whole process of paying off a house again. Other people can rest by just doing it once at the age of 40 to 50. You will still be in mortgage hell into your 70s if you cannot learn to tame and temper your housing dream and greed.
Do not vote for PAP if they cannot reduce hospital waiting time by next election. Do not vote PAP if they cannot bring down the property price by next election.
HDB BTO........99 YEAR LEASE TIMEBOMB......RENTALS PAID IN ADVANCE.....THX TO LKY & CO💩💩💩💩💩P&P..... CITIZENS UNITE......RETURN CPF......HDB BTO.....5O YEAR LEASE🍁🍁🍁🍁🍁
The main goal of public housing should be for housing not speculation. While I have no problem with home owners making a profit, it should not be a windfall. There should be a cap on the resale price with a max. percentage based on the purchase price and market price.
I have been saying for the longest time, to keep our HDB flats affordable for all , do not allow PRs to buy our HDB flats and that will stop the price of flats to rise improperly. It’s the greed of our own citizens to sell their flats at an exorbitant price at the resale market that attract foreigners like PRs who are willing to pay anything to get a flat but in turn, these PRs are the ones who will complain incessantly that the resale flats they have are expensive, coz they can only buy from the resale market. So to solve this problem, it’s best that PRs are not allowed to buy any flat until they become citizens. As PRs, they should only be allowed to rent a flat from HDB...
@@bell-xk5dd Maybe by not allowing PRs to buy HDB flats will solve the problem. I am not sure. But something certainly needs to be done to stop these crazy prices. I am sure there will be even more demand for the HDB flats that will be built in the new downtown where the current port is.
Just remember one thing. The ones who buy your HDB are the winner. The ones who sell their HDB are likely the losers. People use one million to buy your house because they are not eligible for housing grants or have used up their chance already so if they can but a house bigger than a private property with just one million they gain big time. You go and sell your house away and if you used up your chance of getting housing grant your one million will be use up very quickly in a place like Singapore. Ultimately you lose on the long run.
Guys, public housing is political capital for the ruling party. With this cooling measure, if prices still continue to rocket, they will just come up with more measures. Don't forget 2011-2013 and the property market after that....but if you want to believe the agents or propertyguru listings (which are not real prices) go ahead.
There are too many complains against the gvmt in this regards. The resales mkt is opened for all including those that are not qualified for bot, henceforth it’s just the consequence of offer and demand
Once you are like me living in multiple landed and have inheritance and lands in the future from kins you won't even bat an eyelid and be moved by what's going on in Singapore property market. Try to shift your money and priorities out of Singapore if you can because once you succeed you will live life so much happier and lighter. A lot of pap IBS mistake me as being jealous or struggling whenever I bitched on Singapore living costs. The fact is the exact opposite instead. I bitched because I am not going to pay more for less in life. Who like to be a sucker when one have better choices in life. The haters will nay on this post. The ones living in abroad or even surrounding neighbouring countries in luxuriously renovated land houses Singaporeans will all silently agreed.
What is there to be jealous of over Singapore?! Small, competitive,stubborn timid conservative people living in it,not enough good lookers,hot,no four seasons,expensive and stressful. You like it you can stay in it. Others can't wait to leave. The day you realise your maid or tenant have a bigger house than you is the day you realise you are a Robert living in Singapore.
@@Buttercookies0 What hidden agendas do I have except for Singapore to be transform back to her beautiful state in her hey days where life is good and costs are low. I am one who like to see people happy in life not suffering. I also hate poor people to be force to live under relentless mind conditioning to convince themselves Singapore is a good place for them when it is not. A generation ago Singapore is much fairer and happier for all. Nowadays the elites are living it up in Singapore whole the middle class and lower class struggle in steep waters. How can I choose to stay silent and not say a thing at all to help soothe their torture souls? My intention and agenda is pure.
Compared to the self serving and non native Singaporeans who have the common goals of enriching themselves by passing the costs to others I am much more nicer than this kind of so called Singaporeans. I can buy a Singaporean in need a meal if I see it. I will not leave them to die in life. But I cannot stop those who continue to rise up the bills, costs of food and people who refuse to hire the elderly and marginalize groups to let them have the means to stay alive in Singapore. If you want to hate and scold then find these people instead and try to stop them from destroying other people lives and the country instead. A country worst enemy is from within and not from the outside.
@@anglo-saxonconnor817 But the things that you should have interests in should be your own country's problems, isn't it? I don't think your country has no problems, so you should be spending time on your country than others. To take such a passionate approach in addressing another country's problems is strange, not normal from a human's perspective. So, what are your hidden agendas for being so "passionate" towards Singapore?
Why is the host asking these agents? They are the accomplice to the greedy sellers. I dont believe the host and straits time is that stupid. Coming from a responsible house owner.
Singapore is just expensive at everything, given how they are the Asia's power hub, there's no surprise, but imagine 1 million dollar that would get you just a single HDB apartment, you can get a 500m2 landed house anywhere in SEA, though obviously living in Singapore has it's own perks such as perfect public transportation, cleanliness and well structured. but if i have 1 million dollar to spend on housing, i would just move out from Singapore and start a new life in Malaysia or something with that 1 million dollar XD
@@chinchowpowpook worry not, i am not Singaporean, i live in Indo, but i fuckin love your country, visit there at least 4-5x a year to shop and eat, you guys are lucky tho to be in Singapore haha
The so called “Cooling measure” is actually a “Penalty measure” for the first time flats buyers and young people who don’t have so much cash on hands! But it’s a “ Rewarding measure” for the CASH RICH buyers who have sold their private properties for down grading to HDB flats! It’s an advantage for them because they are cash rich and they don’t need to take loans, saving on the interests they are willing to pay a million or more to buy the HDB! This scenario in Singapore now obviously reflected on our government policy is very INEFFECTIVE and very BAD PRO-RICH & ELITES policy! Instead of they solving the housing problems, yhey created more obstacles and more problems for the citizens! This 4 G Government has completely moved away from the policies made by our late Founding Father Lee Kuan Yew & Housing Polices co-Founded by him and Goh Kheng Swee, that was fool-proof policies! They have changed until IT IS NOT FOR PEOPLE OF SINGAPORE BUT ONLY FOR THE RICH & ELITES ONLY! They should ho back to building Standard HDB flats, and go back to the OLD QUE SYSTEM when prospects just register for applications and just wait for their flats to be ready! Apply draw lots or ballots system only for the selection of units! In this way everyone can get their flats and prevent the panic buying and pushes up the unreasonable prices! In all our government has failed the citizens!
Do not vote for PAP if they cannot reduce hospital waiting time by next election. Do not vote PAP if they cannot bring down the property price by next election.
@@1965Singaporean The Long waiting time in Hospitals is happening in all hospitals, including in private hospitals! Our population increased but the amount of intake of Medicines Students have never increases since it was implemented in LKY time! Due to shortages of Medical Staffs, thus the Long waiting time. Now they are bringing in more Indians Doctors. That will be worst!
@@chinchowpowpook haha try to use fear tactics. Limpeh have 2 house I am willingly to sell it if can make SG a better places for our younger generation, instead of benefiting foreigners.
2021/2022 resale market prices soar to new heights. If the cooling measures intent to curb value speculation, obviously it didn't work. New builds will be more sought after. Clearly, BTO growth 📈 seems higher than expected. Owning a home 🏡🏢🏗️ in Singapore become a lavish affair. OMG🤓📢 Uphill struggle for Gov to regain public confidence in affordable HDB flats.
1. Next gen will be able to afford because of non mature bto. 2. In 10years, a significant % of resale flats would crossed the 50years mark. Lease decay will be put on significant pressure on resale flats. Meaning, our resale hdb could be bear the peak in the next 5 years. Also means the bto in mature places might be suppressed, but still at relatively high prices. 3. Million$ flat will become more common, simply because bto at mature estate are starting at 700k +. Many of these flats would beach or challenge the 1M mark. 4. The cooling measures kinder unfair penalised those who profited from condo and wanna downgrade and small grp of hdb resaler who benefit from these segments. But does nothing to stop million $ flats (see point 3).
Too many personal bias in the interview. There are always cheaper alternatives. If you want high floor, unblocked views, prime location , of course you have to pay a premium.
My colleagues BTO 7 times cannot get. 6 Time no number, 1 time number far far away. 4 time is so not mature estate hor. She said she will never vote PAP as she may become old age mother. Lol
The why hahaha,,Hdb lost money what has it got to do with hdb owners who paying to live ???their high labour cost,? Overspending?? None our business..we buy our home they run their business..u Siow lan huh?
When the older flats start their rapid decline in value to zero (a mathematical certainty) in about 10-15 years time (and thousands more will be added to these each year as lease is used up) if there will still be million $ flats.
$1,000,000.00 + for hdb is the low level entry price form re-sale 5 room hdb...moving forward new hdb 5 room in the city will b $1 million plus..n resale hdb will b $1.5 million
when you don't own a flat, you hope that it cost 100k. when you own a flat, you hope it will fetch 10m. Invisible hand profit motive - simple as that. Buy Low and Sell High
HDB flats are meant for dwelling, not for making money. Greedy people got these erroneous ideas that they could make money out of our humble flats. If only government would stop PRs from buying resale flats, then the price of our HDB flat will stay stagnant and will always be very affordable in the long run for all buyers/citizens. PRs should not be allowed to buy our HDB flats, if they want, they can rent flats from HDB and only allowed to buy once they become citizens....this will help to stabilise the cost of all resale flats...
Do not vote for PAP if they cannot reduce hospital waiting time by next election. Do not vote PAP if they cannot bring down the property price by next election.
When other countries are lousy, their people run to safer(relative)-abode. When people can live cheaply, they will use excess-value for luxuries (ratio). When the influx are spending savings-funds, when the influx are working, they will buy private and create a jump in prices. HDB prices jump to private prices GAP is widened when the influx is good-quality. HDB provide infrastructure-workers accomodations. If such a jump is narrow, either the HDB is over-priced (leading to inflation of salaries) or the private is under-priced (influx of low-quality salaried-workers) Manipulative people manipulate due to being poorly educated in economics. Parrot(regurgitate) their way to honors without real understanding. Economics and accounting are balancing-acts democratically. Any deviation from logic puts the offending person in bad-light.
"We intend to keep the value of these homes up, it will never go down. Because it will be renewed, the surroundings will improve, and as Singapore prospers, GDP goes up, the value of homes will go up." Lee Kuan Yew 2013
I have said enough in this post already. Here is my final one. If you are a first time buyer or you are still eligible to that 2 housing grants in life this news doesn't affect you and concern you at all. They can cook the houses to ten millions and it still doesn't affect you if pap is still going to honour their promise to sell you flats at cost build price and further subsidising you with grants. If they don't and the speculation effect trickle into first time buyer realm you know what to do by then which is to throw pap into the rubbish bin with your votes. This news is only a nightmare to those fighting to secure dream houses in the resale market.
@@anglo-saxonconnor817As a foreigner, you do not have any interest in Singapore, so please dedicate your time to your own country. Stop meddling in other country's business. A good person does not meddle into other people's business.
@@Buttercookies0 You assume I am a foreigner and also you impose your own views onto someone who doesn't subscribe to it. In both cases your assertions is in the wrong here not the one who is enjoying his human right to think and analyse on the situations of life and express it out. It's normal for a human to think and voice out. A lot of Singaporeans also express vocally on USA,china,Malaysia and everyone else business. How come you dont act as a mother hen to contain them instead.
It is ridiculous for HDB flats which are meant to be subsidized housing for Sg citizens are being pushed to such ridiculous price even if it’s resale value. It totally undermine the fundamental policy of HDB flats. It is hoped that MND and HDB take a review and impose strict regulation on the sale price of resale market. Perhaps HDB can consider changing the regulations as follows: (1) May be its time for HDB to control the resale price based on HDB valuation as if the flats were to be sold back under the buy back scheme. (2) To change the rule that only married couples of which one is a Sg citizens are allowed to purchase HDB flats. Reason being the ridiculous prices are driven up by the influx of rich PR married couples. (3) Also single PR should be prohibited from buying resale HDB flats. (4) Rental of rooms or entire unit of HDB flat be for a minimum rental period of 12 months with option to renew for another 12 months instead of current 6 months. Also renewal of rentals should be for a minimum period of 12 months also. Prohibit renewal of 6 months only.
All new HDB flats are sold to citizens at subsidised price. Government is already selling them cheap. Now soils and cement are very expensive, many neighboring countries have stopped selling their soil to us out of spite and jealousy, afraid that Singapore will reclaim more lands from the seas. HDB has to pay hundreds of millions to buy cement, and already said HDB is not making any profits from the flats. So don’t kpkb about HBD flats being expensive. We Singaporeans are already damn lucky compared to people in Hong Kong, Japan and Taiwan. There is no such thing as unaffordable flat in Singapore as long as you try to live within your means. Buy a smaller flat if you can’t afford a big one. If you want good location, big flat, then don’t complain that it will cost more.
It's very rare to have people like you to be clear-minded. Thanks 😊 for bringing up valid points. JUST IGNORE PAP DOGS. There are just too many of them. Look at all the RCs which help PAP, just too many idiots there to bombard and distort anyone who speak the truth or against PAP.
Government needs to de-privatise hdb flats. Controls should hv been given back to.the hdb Board.not driven by Market forces. It was a mistake by GCT to privatise hdb flats
Whiners will always complaining high purchase price..does anyone here want buy 700k bto but forever can only sell off at 700k without profit??anyone?? Don’t have? Aiyo talkcock eat bun still a whiner
I have an irrelevant comment. All of them had to say 'HDB' multiple times and all of them pronounced 'h' wrongly. Look up the dictionary if you are wondering.
We should start levying additional taxes on PRs (or even citizens) who rent out their HDB flats, esp if they don't live in Singapore. Can't ban them from renting out, that would worsen the rental market that is red hot now. Reducing the expected APY, yield, rental dividends of HDB flats should go some ways to cool the HDB resale market.
BTO is affordable if you choose immature estate. Some Singaporeans wants cheap public housing but dislike waiting and hope unrealistically for mature area. Don't blame govt. If you want it fast get resale HDB. If you want convenience pay more for mature estate. So far the resale market is determined fairly by demand and supply. Don't expect to pay Apple Iphone the price of Redmi. Unrealistic demand only destroy free market economy and goes against the late LKY's assurance that HDB will become valuable asset for every Singaporean.
Do not vote for PAP if they cannot reduce hospital waiting time by next election. Do not vote PAP if they cannot bring down the property price by next election.
Such a politically correct presentation, like a naive O Level student writing an A1 English essay. Education system doing a fabulous job in producing talents that bow to Government.
