Public Housing in Singapore 

This seminar conversation is very good, it should be done more often.

Support hyping by going to new launches showrooms, poor things these agents are not getting enough bizs. And looking out to pay per click google advertising and Facebook advertising. Etc social medias

Let the Great Asia enlighten you: Divide the population of the country into two halves, let's call the first half the "Landlord", and the next half the "Peasant". The Peasant works for the Landlord and makes them richer. The landlord then uses the new wealth to acquire more lands. What do you think would happen to the children and grandchildren of the Peasant? Singapore's economy has not been doing well, right? The GDP has been struggling to stay between 2% to 3%, right? But property prices continue to hit record levels, right? Why? Daddy America, Japan and the EU have been printing money, right? Rich people from China, India and etc have been flooding Singapore with money, right? In the past two decades, PAP has been relying on easy money to pump the GDP, right? So, can you imagine more than 50% of future generations who are born in HDB-4rm flats and will be trapped in HDB 4-rm flats for life? After putting in the furniture, new 4-rm HDB flats will not have space for toddler to crawl. Also, imagine a family of four wants to buy ONE expensive bicycle (above S$1000), where to park it? PAP has built so many little HDB flats and condos in the last two decades. There will be a huge angst from Singaporeans who are not able to upgrade to a bigger living space. Then also many HDB flats will be over 40 years soon. Can you see the new big problem? Singapore's population density is more than 10,000 per sqkm now. Look at Seoul and Tokyo, the outcome won't be good when people are subjected to live in compact spaces in perpetual. There will be huge social and political problems! The ruling elites are too rich, too elitist, and too self-serving, they can't see the many problems they created. They only know how to manipulate the people like sheep. The younger generations have bee robbed. You're naive if you think the 4G PAP can survive the wrath of Singaporeans, especially from the younger deprived generations. Ha ha ha!

Yes but not the roots of the problem. Conflict of interest by gov since they are building public housing and yet is also largest developer for hdb. And is also indirectly owns some property developers stakes. These agents are minorities. From what I heard and understand, Lots of hype that agents are making lots of money. You are misled by social media and medias and news and newspaper, Most Agents job are tough, not rosy and not easy. You need to engage buyer’s agent or tenant’s agents to help you lower the pricing of property as they are trained to source and negotiate pricing to fight the the best or better prices. Heard that Majority of Property agents are mainly suffering and not really effectively protected by cea or gov although the cea collect license fees from them, which seemed the greatest conflict of interest and setting the worst examples. Anyway, That time when hdb become investments or can make money by mbt cause the bigger and permanent harms. The bidding prices of land costs of government land sales for residential and commercial and industrial are usually higher and higher bid which causes the land pricing to go higher and higher. To make things worse, the government does not release freehold lands for sales except private Enbloc deals of the condos…. The construction costs and building materials cost and manpower cost are also raising. The main root are wages are not rising in tandem with property prices along with hyper inflation, and more people are unemployed. The real estate agents numbers also increased to 34.x, last time when cea is formed, the gov wanted to reduce the real estate agents numbers or 15-20k or less, but looks like the unemployment rates are very high). The hidden issues are gov which owns hdb(ok land cost factored into hdb sales also part of the issues), support agents by going to showroom to view or even buy to help them, and letting them follow up. and eventually economy(as they also need incomes, buyers should not just be invites or view via invite appointments, and should physical walk in to support agents should they be seriously in real estate transactions as many real estate agents can queue whole day wait for 1 or no clients in some days to serve the walk in buyers, “very poor thing”) to and real estate agencies should help agents secure walk in appointments like marketing or Cobroking platforms etc), and real agencies should help real estate agents have a better platform than soreal(by committing to initially high marketing cost like x maybe 30 to 50 percent of portals subscription collected to put marketing money into like google or Facebook pay per click or to compete with propertyguru or 99.co) to cut cost for agents and really help on their livelihood. And hdb(or mnd) trying to let sellers do their own transactions is not good for economy and hdb(gov) is playing with fire. Remember, if the free lancer or self employed don’t have physical activities like following up for buyers and landlords and sellers, then unemployment rates will be higher and higher and more financial, economic and social issues. Let agents make some money don’t negotiate on getting comms. The platforms that cannibalise more and more agents” market shares and comms reductions are getting worse and worse. Legislations to help agents get standard or more comms or don’t reduce comms or need agents is recommended. Also, legislations to help agents get comms without long delays like 1 to 2 years or longer from developers after clients exercise the options or sales and purchases.

FACT: Public housing is designed to keep its population poor for ease of management , and btw, sgp still has one of the best HDBs in the world given its limited conditions. However, public housing should still continue to develop n grow. One aspect is fire safety standards. Water sprinklers n fire extinguishers should be installed much more for any emergency readiness which is a standard for private residences. This should be a basic need. Another thing is to keep all corridors cleared to protect lives by preventing any possible obstructions… as a public area.

the gst should not be taxed for medical treatment and medicine and even education.... it is also costing higher and higher cost of livings and premiums of insurance.... cpf insurane policies are also getting more and more expensive and many clains might be redundant.

The Magic of Snowballing property is Enabled by the Buyer of your property 😅 This is the wisdom. Wealth created from thin air. Let the future generations pay

Economy is not good, and unemployment is getting higher and higher and people are getting more free lance and self employed jobs. But due to immigration policy next time new citizens who are higher end income and capabilities will form base 60 percent who supports the ruling party’s votes, local Singaporeans who voted for them will be minorities people in this 60 percent, since now foreigners additional buyer stamp duty is 60 percent will force more and more higher end people to convert to new prs and new citizens. 6 mil populations approaching in weeks time, and 6.3mil to 6.9 mil will surely come according to white paper. Cost of living are super crazy and ruling party knows it. To get a foreigner or pr come into sg, gov gets more levy and additional buyer stamp duty,

How can SDP win? What discussion is there on the significant increase in polling stations ? 😉😉😉 I mean, how many polling agents can SDP find? Among other things.....😉😉 Language is art😉😉

The propnex agent idea very very good.

Why does agent encourage cohabit😢

Time to change the Government in order to change the policy, VTO

2 main groups are shocked by raising property prices, the frist group of main 90 percent of hdb dwellers even if they sell 4 to 5 flat of hdn to 500 to 800k, they cant afford a decent old or especially new launches condos at around 1.5 mil(leasehold 99) or more. the tdsr for private or msr for ec makes them quite hard or not possible to get loans. The second groups of owners of private properties of condo thought that their lifestyles are good and live a good lifesytle and can maybe retire, find that if they sell their 3 bedrm older condo say 1.5mil to 1.8mil, they cant even buy a new launch condo or top condo which 2 bedroom as they have to borrow and refinance the new loans... So anyway, the 60 percent of absd for trust purchase from previously 25 percent trust is because more and more parents or grandparents are worried that their children or grandchildren cant afford to buy private or even hdb properties even. maybe new prs and new citizens can afford private properties more. The main issues are when water are too clean, there are no fish for fishing around, so sg appears to be very clean for business or retail acitivities but the facts are so mcuh costs and regulations and restriction and our gov is not creating enough enterpreneurs and technopreneurs and not devveloping even 1 decent mnc exvept maybe creative which is not even helped by gov all along except later recognition. gov seemed not the least committed to help to create at least few giants mncs except their own mncs via ntuc, st technologies, psa, sia, etc under temasek and gics, maybe if local mncs are created or succeed, then gov's related temasek or gic will face immense competitions from local private mncs(hopefully not this case). it can be abit similar like saying that we want our soccer team to go to world cup last 32 teams, but seriously it is purely wayang unless we budget 500 mil to 1 billion to send 30 to 50 players for 3 to 5 years and offer to give the premier leagues or european or south or central america leagues clucs money. and come next 1 to 2 world cups then we can have chance to be into last 32 teams.... our gov should also groom sports leadership and managements teams and scout and treat it like a national service with bonus of being highly profitable as you can sign bonds or contracts with trainers and they can play in great clubs or leagues in different parts of the worrld. Similarly, send table tennis or other players into countries... start from 2 to 3 sports first, dont just wayang or pay lip services.

the gov needs to really increase food supplies and grocies to be at least 70 to 80 percent self sufficient by 2030 and not just 30 perecnt target, this will reduce of cost of living via food. And similarly for utilties, public transport, and schools and tertiary institutions and poly and universities stop treating them as purely money making platforms. similar for public housing especially btos.... really serious conflict of interests.... it is all about numbers and kpis, but unfortunately, every dynasty will rise and fall... maybe 1959 to at least 2050 for this lightning party though new immigration policy will make sure they make much more money and stay in power for at least few decades more.

Foreign buyers (incl. PRs or new citizens) are buying resale units

Ground sentiment gathered to share : Young people aged 30 to 40 i spoke to Believe while they are aware of the officially admitted Old flat value depreciation, they still want to think that Somehow, somehow every old flat will be given EnBloc. To this, I asked them Where will this money Come from? So, can we squeeze a official answer will all flat blocks be given enbloc when lease left a minimal number of years and if so, what kind of money can leasehold owners get if Any?

Newly arrived migrants (family-unit) from overseas should not be allowed to buy more than one private unit upon receiving PR-status or citizenship. remember Haidilao family members buying multiple landed homes? As land is limited, should foreign buyers be taxed higher for buying a unit, and left it empty and not occupy. In Australia, foreign buyers are taxed higher for not staying at the properties for a minimum number of nights.

29:30 put the context into perspective, it’s not an issue for a minister with very huge massive paycheck per month even after he or she staring at the chart of almost half a million dollar expense. It is a small change for him or her.

Good to have perspective

❤ Question to Yeoh Lam Keong, PSP, SDP : 1. Must hdb flat be demolished after 99 years ? Is it a Hard problem , that is, an engineering, structural issue or constraint? 2. Is LEASE PERIOD purely Artificial? If so, lease can be extended after 99 years. So, is lease a Soft issue? 😅

Hospital beds issue. Any takers? Hospital Tourism? Rich foreigners using our hospitals?

Solid propnex agent. HDB valuation shd be cap.👍👍👍

❤ I never have a sg leader I elected. 56 years old. Country 58 years old. The Majority will never change and so do I. So it's not gonna change in my life. I have no country and does not like the mindset of majority. Dirty Politics and Extreme KiaSu. Who wants to buy my citizenship let me know. Oh, I forgot, it has no resale value.😢

Ridout Saga is not a Legal issue, imho. Its purely a case relevant in the court of Public Opinions😅

Ridout public property is also for Public to bid the rentals?😅

valuation - valuer should be only valuer not to coincide with the bank's mindset. It should be independent and govern by gov for public housing accessing. This is the root of the cause in recent years.

Good it's definitely not an enhancement rubbish if it goes to zero at 99 years

I want to Share my view Why Property price so many tak boleh tahan . Property agents can earn 32k for just a 1.6m condo sold. The guest who is a top Property agent said he sold 80 to 90 units A year. Imagine how many millions he have. The property agent comms need to be lowered to lower cost of housing

After food prices gone up, its hard to come back to before even if oil prices fall, fed rates drop. So lowered Purchasing power is almost guaranteed

In many western countries, there are areas where rent control is implemented. Is it feasible to apply it to private HDB rentals?

Inflation reduces your debt with a fixed rate. What the government needs to provide are high salary jobs to counterweigh the high inflation. How to? Answer is an education which is relevant to today's and the future's world. Next, hiring local grads and apprentice for these high salary jobs is imperative in our policy making.

Two Absolute Truths root causes of problems : 1. Humans are Born Selfish. Self Interest is Ultimate Interest. I am open to debating on this. If someone loves you, is there no Self Interest?😅 2. GREED because of Point 1.

call it elitism but property agents are really OVERPAID and profiteering excessively. driving up property prices as a side-effect. feel free to disagree but most of them do not even have decent paper qualifications or skillsets that can justify their Disgusting Monetary Profits. there is also no contribution to the general society to speak of (when we objectively compare what they do, to services like nurses, doctors, cleaners, social workers). so seriously... they shld not be paid so much. it is plain ridiculous!

I need to defend the Accrued Interest to be additionally locked up in our cpf until retirement slow withdrawal. When you sell your flat, OA amount used will need to be put back to cpf and keep it locked up for your retirement use. Accrued interest need to be pumped into the cpf for the same purpose. Why? Well, what's wrong? It's still your money. While I don't know the exact reason, my personal personal opinion is, cpf if not touched could have been better used by our SWF to earn from investments. So, after selling flat, the cost of opportunity you pay back. I no no lah. I not educated one.

Fair comments by propnex agent

I think PSP's presentation is filled with holes, misinterpretation and the arguments hardly intelligible. SDP's proposal to have HDB closed and opened markets is uncharted, and likely to be fraught with loopholes. Overall, not worthwhile to watch video to its end.

It's a political gimmick

I agreed with the agent for those (rich) not to buy HDB as they are the ones who jack up the price that cause the market as they can afford other properties why fight with the vulnerable.

If its true over 1 million rich China people trying to park their money outside China, sg being a favorite location, can they influence the property market and rentals if they snap up shop houses?

PR are new voters potential pool. We must never ban them from purchasing hdb flats. They come here because they like here. Political stability could be important to them. A foreigner today can be a new voters tomorrow, metaphorically speaking with a tinge of singlish sophistry

The younger home buyers are OK with the Very much Higher flat prices basically because they believe as if a fact their BTO at MOP must earn them much more than they paid. Effectively they get a FREE FLAT with Interest earned. The Buyers from them are the Ones who Enabled their windfall. This beautiful cycle repeats itself snowballing the prices for future buyers. So they support the status quo Else they would have spoken up. So we must have faith in the sg democracy and let the affected tell us if they are affected.😅 The HDB icon already hint that the price will go up. Even our Ah Gong said so. We must continue to keep PAP in power, for the betterment of the world. For country, for People, for PAP! ❤

We MUST BELIEVE in Statistics. I reiterate, Statistics is Truth.❤

❤ I Disagree that HDB flats are Not Affordable. I personally Define Affordability of hdb flat as follows : 1. You pay it through 40 year loans. Last time 30 years loans suffice as the quantum is 10 times lower approx. 2. Based on projected life span (means not everyone live longer but generally) you can work till you are 65 to 70 to pay it off. 3. Income now is let's say 10 times more than 40 years ago. While this does not mean Net Savings has grown 10 times in tandem, also factoring in Inflation and lowered Purchasing power, gst, food prices growing much more than inflation due to opportunist merchants jacking up much more than inflation rate, we must realise, overall singaporeans BELIEVE they are wealthier than their parents generation. Given the above, I have concluded, most if not all singaporeans can and will be able to "Afford" even 1.5m BTO flats . Even a 200 to 300k COE will be boh lasah wan😅

I earn in excess of 16k a month, so I really do not see what's wrong with our HDB flat pricing. Its really really affordable. Even the COE hoo-ha. I don't get it at all. Why singaporeans like to complain? Sg is the best country in the world. We must never compare with other countries to be fair. We must compare SG 20 years ago with SG today. Today, look at our working class. Happier and more enjoying life than their parents . Less stress and more happiness. Maybe I am out of touch with the majority less wealthy people as I live in Private property. But remember hor, I started poor. But maybe I lost my way and touch. Its human nature right? Cannot blame me one. Humans by Nature is Selfish. To claim to be SelfLESS is treating audience as fools in this age of AI

❤Luckily the Condo (Holland Tower) that can see 26 Ridout from upper floors has been EnBloc this year. Else , people may accidentally see what's going on there. Heng Ah! Now maybe no one can see 26 ridout

Quite agreeable to the lady talking about the median income of $8400. but 1 aspect missing is the CPF 20%, i presume that 25% to home loan, 20% is from cpf and 5% is from cash

Let’s ask our government. Food, rental are going up ….. who indirectly/directly causes these?

Solution for SG : 1. If Malaysia trounced SG football, buy them up so to speak. Offer the whole team a condo and a million sgd if they become sg citizens. This way, sg soccer Asia bagus. 2. Sg native citizens Lacking Innovation and brands : as above. 3. Use RU-vid channels by foreigners to keep creating videos selling sg as an ideal migration destination. This way, the rich will keep parking money here and the new voters will want to keep the status quo out of their self interest. Most importantly, sg population target will always be met given the world is our oyster. The only part I not sure is, if war or tension between say China and sg, which side will they side?😅 The wisdom of my solution is, sg does not need native citizens if sg just rely on foreigners. We should treat PR foreigners as Residents. I am still working on this thesis. Feel free to comment.