October BTO exercise: Only 1 "Prime" project in coming launch, located in Kallang-Whampoa area

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October's BTO exercise will see the launch of the first HDB project to be classified as "Prime" flats. Three hundred and twelve such homes will be available, around 3.6 per cent of the 8,573 on offer. Seven projects are identified as "Plus" flats, with some featuring good connectivity and short commutes to the city centre, and others offering sea views. Six in 10 flats are located in "Standard" projects, the largest allocation in the exercise. At 15 projects, this is also the largest-ever launch of public housing in Singapore. Professor Sing Tien Foo, Provost's Chair Professor from the Department of Real Estate at the NUS Business School, weighs in on the effects of the MOP conditions on prospective buyers, why HDB is making this its largest offering and the traits of "Prime" project Crawford Heights that might make it more attractive to homebuyers.

Опубликовано:

11 окт 2024

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Комментарии : 49

@martindawn934 2 дня назад

The experts also proposed that HDB should also ensure “a sufficient stock of transparently means tested, affordable, good quality subsidized low rental flats”for the bottom 30 per cent of wage earners in Singapore

@martinarchie2902 2 дня назад

Bryan Lim SDP pointed out, is that the government should not profit from Singaporeans when it comes to public housing and Singaporeans should not use it as a means of investment for capital gain.

@hi_kl__o_ 2 дня назад

HDB doesn't profit from selling HDB lol. They sell below cost. It is funded by government expense aka taxpayers money.

@findingaether 2 дня назад

@@hi_kl__o_HDB bought the land for high prices from who again?

@martindawn934 2 дня назад

“This immediately addresses the problem of declining residual values of old HDB flats with short remaining leases,”

@martinbrock713 2 дня назад

There was a highly negative public reaction to this clarification. One academic at the Lee Kuan Yew School of Public Policy put it this way

@martindawn934 2 дня назад

adding that the lease top-up “should be automatic” and should be provided “at an affordable fee”.

@martinbrock713 2 дня назад

Singaporeans felt there was a reneging of what they perceived as an asset appreciation promise by the PAP.

@findingaether 2 дня назад

Only for millenials. Boomers will still enjoy everything as usual

@martinbrock713 2 дня назад

The government hasn’t been entirely consistent in their messaging with regards to housing policy, which created the uncertainty and anxiety.”

@martinarchie2902 2 дня назад

SDP NOM scheme will price new HDB flats to include administrative, material, labour costs only but without land “cost” that is currently the practice.

@hi_kl__o_ 2 дня назад

So if you rent/lease your house you only charge rent based on a percentage of the administrative, material, and labour costs you have contributed to improve the house and not the value of the property?

@LonganLee 2 дня назад

Is a Class system systemically formalised (by accident or intentional) through COE, Prime BTO? Even for a tiny dot?😅

@kwokleongawyong1064 2 дня назад

Near the beach, is really wonderful

@LonganLee 2 дня назад

Can laundered money be channeled thru legitimate BTO buyers ?

@Diderot68 День назад

They sell frats and some of them have frexibility. WT.. Please brush up.

@YuHsuanHo-ww9hv 21 час назад

OCR jam like hell. Should build more in CBD

@doctor_cats День назад

Hey this is choicest location , with the highest subsidies , is just 720k what a steal :) , choicer is just 650k :) enjoy ur smaller house

@tonykwok9763 День назад

ALL SUBSIDISED👍👍👍👍👍

@MDsarkersabuj День назад

Good 👍👍👍

@martindawn934 2 дня назад

Providing HDB flat owners with an affordable one-time 99-year lease renewal after 50 years will immediately remedy the issue of the depreciating value of flats nearing the expiry of their lease.

@hi_kl__o_ 2 дня назад

Its not really an issue we are facing now its just an issue people forsee but don't know if it will really be an issue. No flat has gotten close enough to the end of lease yet to see dramatic depreciation in value. Most flats will be SERS or VERS before expiry.

@martinarchie2902 2 дня назад

SDP Housing Solution: Singaporeans who purchase these flats can expect to take 9 to 15 years to pay off their housing loans (based on an interest rate of 3 percent) using no more than 20 percent of their gross income.

@hi_kl__o_ 2 дня назад

Thats an outcome, not a solution. Its like saying my solution to poverty is that everyone will not be poor xD

@tskuan32 2 дня назад

Like that after 15years nobody wants to work aldy, slack and prepare for retirement? Who power our economy then, FTs? U buay hiau.

@cognacbrown 23 часа назад

The COE system is perhaps due for a revamp. We have incentives in HDB for locals to have families. Why can’t there be similar schemes in the car ownership to promote eg families. I’m pretty sure if COE priority is given to local families with 3 or more children, our SG population may actually increase! 😂

@jackfood3319 2 дня назад

Need to build so many houses?

@LonganLee 2 дня назад

Please vote for more of the same. Much more.

@tanpengjoo7205 День назад

Small island already so cramped and lack of greenery yet keep building more ugly concrete buildings everywhere thou numbers are getting higher but prices are not coming down , because they think Singaporean keep buying so can build more to make more money. More building no wonder global warming are getting worst.

@LonganLee 2 дня назад

Is this prof a civil servant ? Can civil servant criticise?

@tonykwok9763 День назад

30 YEAR LEASE👍👍👍👍👍

@skillworldwide 2 дня назад

Alibaba quality affordable housing units ❤

@martinbrock713 2 дня назад

Lawrence Wong finally spoke the unvarnished truth about 99-year leases - that flats would be returned to the HDB and only a small percentage of flats would undergo the Selective En-Bloc Redevelopment Scheme (SERS).

@hi_kl__o_ 2 дня назад

Why do you need the PM to tell you something you can read when signing the lease contract xD. What else can 99-year lease mean?

@tskuan32 2 дня назад

sad to see so many Singaporeans who are so well educated but don't understand what they sign up for... so reliant on government for freebies

@findingaether 2 дня назад

Govt are ultimately landlords. We are peons

@Raksasaification День назад

@@tskuan32 yes sad indeed. All becoming weak and entitled. Deep inside they want a clutch like Malays in Malaysia, but on the outside look down on its neighbors.

@tonykwok9763 День назад

FOR CITIZENS ONLY👍👍👍👍👍

@jinyuchan3983 День назад

Can get ready to pitch a tent at ECP liao. Resale 2 room with enough lease to cover up to 95 years old also can over 300K. 😅 BTO so many people bid. If heng first time get, otherwise suck thumb and watch while inflation increase flat prices every year 😢

@livedtea4363 День назад

What? 10 years is too long? Singaporeans need to "own" their homes.

@tonykwok9763 День назад

FOR RENT ONLY👍👍👍👍👍

@anziar3038 2 дня назад

Studies have shown that s'pore has one of the most affordable public housing in the world. That's a first-world PAP govt ranked the most effective in the world.❤❤

@tonykwok9763 День назад

KENA TOTO.....🤣🤣🤣🤣🤣