https://forums.hardwarezone.com.sg/threads/why-people-in-sg-seem-to-have-the-idea-if-buy-house-need-to-take-loan-means-house-expensive-and-govt-is-bad.6999988/page-2
Now price all crazy still got people say govt is doing fine
How is this gen and the gen after it going to retire?
i think 3 room resale with 80 yrs and above at about 300k is ok. if brand new 200+k BTO is ok
not this current shit prices
Property prices are going to keep going up though.
Government has not done anything to keep the prices down despite "cooling measures".
Demand for flats are very high thanks to this country's high population density.
actually HDB is a house to stay , not for flipping.
but i guess now too late liao. so many flip till earn till song song gao tuas already.
u got money flip condo or landed go ahead. tmd hdb is for staying leh
Buy bto la. Bto 200-300k nia. Resale is for foreigners to tie pr to work like dog here. Only pr will kpkb lo dunno those behind the screen is sinkie or foreigner
hdb prices already destroyed beyond any hopes of repair
Quote from: Nevereatrice on Feb 13, 2024, 07:49 PMBuy bto la. Bto 200-300k nia. Resale is for foreigners to tie pr to work like dog here. Only pr will kpkb lo dunno those behind the screen is sinkie or foreigner
5 room BTO close to 600k now liao though...
Quote from: ABCDFinanceGuy on Feb 14, 2024, 08:35 PM5 room BTO close to 600k now liao though...
pukunara will tell U it's still very cheap compared to condos
3 room BTO in non mature estate can go below 200k loh.
bto is nothing but a tool to earn money for many now
i know a few couple who tio bto but no intention to stay long, just wanna MOP and flip
but hdb still got the balls to say major loss to building bto
not all of us are rich. u pay 25 or 30 year end up the house also not urs
Quote from: ABCDFinanceGuy on Feb 14, 2024, 08:35 PM5 room BTO close to 600k now liao though...
600k is cheap pls
Now is alr 700 to 800 n amk 900 pls
Pap rly fk up keep come up w stupid policy that daft who don't understand full picture will think is good n vote them in.
Like the half fk policy about 2.5% downpayment for couples who haven't start work. How many can even benefit?
In the first place no normal human both couple no income would wanna buy house knowing they have to down payment soon. And they alr have a lot grants to cover for them. Most importantly if these couples rly is 0 income still dare buy house one is got rich parents one.
Yet most won't qualify the lower downpayment. Want help increase loan quantum back to 95% for hdb loan instead. This will benefit everyone.
And the new policy say $300 to help offset rental income outside. But how many family w kids waiting for bto have total income less than 7k???
And w that total income they won't even dare to go out rent when rent 1 room also 1k+ and whole house up to 3k-4k hdb only.
Yet this only make all rental go up by 300.
Seriously once n for all miw need wipe out la. Even my new job xmm I ask her how she think miw in their generation.
She sing full praise. They are the gen z. Jialat at this rate miw continue mandate.
Quote from: Nevereatrice on Feb 13, 2024, 07:49 PMBuy bto la. Bto 200-300k nia. Resale is for foreigners to tie pr to work like dog here. Only pr will kpkb lo dunno those behind the screen is sinkie or foreigner
how u bto alone? I buy a dog and bto w it ah
Quote from: ABCDFinanceGuy on Feb 14, 2024, 08:35 PM5 room BTO close to 600k now liao though...
no lor unless is area at weird places. More central area bto alr hit dunno what 600k or so for 4 room
Anyway kena some damn issues sometimes quote liao cant type
Quote from: IAC on Mar 06, 2024, 08:54 AM600k is cheap pls
Now is alr 700 to 800 n amk 900 pls
amk ave 1 near the singtel relay station is 725k
cb such a fucking ulu location
HDB is SOCIAL HOUSING with limited lease leh...
It should have never been allowed to raise so much.
But recently i think PAP realised this ponzi can help them fund the aging population's retirement and win the boomer votes. So they just double down.
Whole property market now propped up by foreigners and PRs essentially.
Once the rental yield drop, house of cards will come falling down.
To prevent that, PAP needs to control the supply tightly and oil the neverending ponzi machine.
Don't overleverage assuming you will have that same high earning power until retirement.
After all you are just paying for someone else's retirement. Will there be another person down the road to cash you out? Nobody knows.
Desmond Lee will say $1mil hdb are rare while $1k salary can buy bto with tons of schemes and grants are available lol
Quote from: peaceheart on Mar 06, 2024, 09:44 AMDesmond Lee will say $1mil hdb are rare while $1k salary can buy bto with tons of schemes and grants are available lol
BS MAX!!!
@Orionz i agree with u. But pap wont let pricing go down one. Hard to crash also.
But just like cars, this yr likely will have adjustment downwards... my take is 10-15% to win votes.
They cannot allow housing to go down too much coz dumb boomers and many voters dont understand u sell flat for 1m still need to spend another 1m+ for a similar flat nearby unless u move away.
I do feel the hdb prices alr maxed out at current price point for nxt 3 yrs esp with recession.
But many foreigners and prs propping up market. Esp jhk and prcs who see this place as a safe haven and also to make money.
Private all these will affect hdb also, people dont realise. Once u price middle to upper middle income out of landed and condo, they will just buy super big hdb instead and price other middle or lower income out of mkt
Can see pap wants hdb to go down in price but not crash coz many youngsters tulan.
Hence now rental yield going down
Public housing has lost its objective
Gov also helpless cos too many sinkies already vested so much monies into it. If prices go down, many sinkies will kpkb their perceived asset become less valuable when previously gov touted it as appreciating asset. Ownself created problem and no solution so now have to keep kicking the can down the slope
Quote from: Tony.Manero on Mar 06, 2024, 01:15 AMpukunara will tell U it's still very cheap compared to condos
Yeah, because stupid Sinkies want to buy condos to haolian even though they cannot afford it.
Quote from: default on Mar 06, 2024, 09:01 AMno lor unless is area at weird places. More central area bto alr hit dunno what 600k or so for 4 room
Anyway kena some damn issues sometimes quote liao cant type
Ah ok. I need to update my prices, the ones I've quoted are probably from 4 years ago...
Quote from: IAC on Mar 06, 2024, 08:58 AMPap rly fk up keep come up w stupid policy that daft who don't understand full picture will think is good n vote them in.
Like the half fk policy about 2.5% downpayment for couples who haven't start work. How many can even benefit?
In the first place no normal human both couple no income would wanna buy house knowing they have to down payment soon. And they alr have a lot grants to cover for them. Most importantly if these couples rly is 0 income still dare buy house one is got rich parents one.
Yet most won't qualify the lower downpayment. Want help increase loan quantum back to 95% for hdb loan instead. This will benefit everyone.
And the new policy say $300 to help offset rental income outside. But how many family w kids waiting for bto have total income less than 7k???
And w that total income they won't even dare to go out rent when rent 1 room also 1k+ and whole house up to 3k-4k hdb only.
Yet this only make all rental go up by 300.
Seriously once n for all miw need wipe out la. Even my new job xmm I ask her how she think miw in their generation.
She sing full praise. They are the gen z. Jialat at this rate miw continue mandate.
The income ceiling for BTO also so low, when the flats are getting more expensive.
Quote from: ABCDFinanceGuy on Mar 06, 2024, 10:57 AMThe income ceiling for BTO also so low, when the flats are getting more expensive.
Keeping it low is correct since is public social housing. But the way the hdb is being flipped is unacceptable. Grants also fk up. The cap so low most won't even qualify then advertise big big say got grants to help when truth is most don't get and hdb is so damn expensive even for bto
Quote from: Orionz on Mar 06, 2024, 09:30 AMHDB is SOCIAL HOUSING with limited lease leh...
It should have never been allowed to raise so much.
But recently i think PAP realised this ponzi can help them fund the aging population's retirement and win the boomer votes. So they just double down.
Whole property market now propped up by foreigners and PRs essentially.
Once the rental yield drop, house of cards will come falling down.
To prevent that, PAP needs to control the supply tightly and oil the neverending ponzi machine.
Don't overleverage assuming you will have that same high earning power until retirement.
After all you are just paying for someone else's retirement. Will there be another person down the road to cash you out? Nobody knows.
There's a video of lky saying they purposely design hdb to be such price to keep ppl working that's was when hdb was 300k+
Quote from: IAC on Mar 06, 2024, 11:27 AMKeeping it low is correct since is public social housing. But the way the hdb is being flipped is unacceptable. Grants also fk up. The cap so low most won't even qualify then advertise big big say got grants to help when truth is most don't get and hdb is so damn expensive even for bto
How come you so free at work??
Indeed, all the grants are a joke. Gov always assume best case scenario with lv2 2 room bto at ulu estate then buyer is eligible for all grants. In the end buyer dun have to fork out much of any cash at all.
Quote from: Nevereatrice on Mar 06, 2024, 11:31 AMThere's a video of lky saying they purposely design hdb to be such price to keep ppl working that's was when hdb was 300k+
Open secret. It's being used all over the world to varying degree. Modern enslavement
Quote from: peaceheart on Mar 06, 2024, 11:36 AMOpen secret. It's being used all over the world to varying degree. Modern enslavement
Us de landed 200k++ car few k only. Ang mo Wife dua liap and high pay
Quote from: peaceheart on Mar 06, 2024, 11:35 AMHow come you so free at work??
Indeed, all the grants are a joke. Gov always assume best case scenario with lv2 2 room bto at ulu estate then buyer is eligible for all grants. In the end buyer dun have to fork out much of any cash at all.
Happened to have time use la. Don't anyhow say I free hor. I nv chao keng hor HAHAHAHA
Quote from: ABCDFinanceGuy on Mar 06, 2024, 10:56 AMAh ok. I need to update my prices, the ones I've quoted are probably from 4 years ago...
Yes 600k 5rm now is cheap. Now bto 4rm alr 600k or more
5rm is 800k+
Quote from: IAC on Mar 06, 2024, 08:54 AM600k is cheap pls
Now is alr 700 to 800 n amk 900 pls
This
@ABCDFinanceGuy
HDB is used to bind husband and wife to "behave" in Singapore.
Quote from: IAC on Mar 06, 2024, 12:52 PMThis @ABCDFinanceGuy
I call myself finance guy and I don't know about BTO prices. Fail.
Quote from: default on Mar 06, 2024, 09:58 AM@Orionz i agree with u. But pap wont let pricing go down one. Hard to crash also.
But just like cars, this yr likely will have adjustment downwards... my take is 10-15% to win votes.
They cannot allow housing to go down too much coz dumb boomers and many voters dont understand u sell flat for 1m still need to spend another 1m+ for a similar flat nearby unless u move away.
This is a fallacy.
Why will allow the price to drop to please new buyers?
Existing home owners r a much bigger group.
Most ppl dun care n happy with sitting on a growing asset (on paper)
Quote from: Orionz on Mar 06, 2024, 11:06 PMThis is a fallacy.
Why will allow the price to drop to please new buyers?
Existing home owners r a much bigger group.
Most ppl dun care n happy with sitting on a growing asset (on paper)
a lot of the young people cant afford as mentioned above unless u are some big shot FAANG engineer ( but will exceed BTO), or at least some engineer in a big firm... or lawyer or doctor
or at least in govt
otherwise SME people cant afford
that's why drop a bit to hoodwink people (the children of boomers who have houses and got rich)
but essentially no diff. if u see the prices it's all adjusted slightly downwards recently already
The market is damaged beyond repair, that is the fact and only fact.
There is only 1 way to bring the prices down - Mass building to heavily overwhelm the market with so much supply to the point buyers can dictate the prices, not the market and not the sellers.
There is NO coincidence why BTO system was introduced in 2001, that same exact period where the oversupply reached its height and resale prices were dropping back to the 1990s levels. It persisted for another few more years until mid-2000s where prices keep skyrocketing and is still soaring as of today. The rise in prices is going parallel with the unnatural rise in population figures.
Where does the money come from is up to your guess. But just to highlight it is easier to do shady biz in overseas to accumulate wealth.
gov today isnt anything like yesteryears but many dumb sinkies still dun get it
same like cpf, it started off as a good policy to ensure sinkies can pay for their housing and have savings at their old age... den they realise why return if they can keep it