With effect from 20 August 2024, 12.00am, the Loan-to-Value (LTV) limit for HDB

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What u think of this cooling effect?

I think its fucking retarded ij many ways tbh

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1st of all 5% barely makes a dent, it's just another kicking the can down the road policy. Instead they should implement these

1. Build more housing and have both BTO and ready built scheme for people to choose.

2. Ensure PR can only sell back to HDB and not in open market, this will disallow profiteering by PRs. They own a lot of HDB and go back to Msia esp to retire. Other nationalities too.

PRs shouldnt in the first place be allowed to buy public housing. If you allow them to do so, the next best thing is to prevent JHKs and JHBs from profiteering!

3. Give priority to families with kids esp newly married couples for both BTO and resale

4. Allow people with foreign spouses to buy HDB, but less grants, this will encourage TFR. One of the couple must be Singaporean born here or at least be here for 10 years to qualify.

5. Do not allow new citizens to rent out their HDBs, esp if only 1 of them converted. Unless both of them converted and are Singaporeans for 10 yrs then allow them to rent out. For locally born Singaporeans with foreign spouses, they should be allowed to rent out, subject to approval for HDB.

6. For bigger families, they will have more grants esp for bigger flats, this is to encourage people to have children and encourage living with their elders. If a couple has a kid while they own a flat, they will be given further grants to lower their loan. If 2 kids more grant. Up to 3 kids. Further kids no additional grants

e.g. Couple buys flat for 500k. If they have a kid in first year, they get 15k, second kid 25k reduction in loans, third kid total 50k reduction in existing loans

7. Make those with multiple properties including HDB have to sell back to HDB. If you have 3 properties why do you still need public housing?

8. Allow public housing to sell at standard existing valuation in the area to not sell at prices not more than +3% e.g. maximum per annum after MOP. This allows flat to appreciate, subject inflation per year.

If sell below valuation by all means

This % will be revised and determined by HDB annually or periodically. So if you want to renovate your house until it looks like hotel then it's your own damn problem.

Likewise if you fail to upkeep your house and make it look like haunted flat, then it's up to the buyer to determine if he wants to buy the flat.

COV to be controlled by HDB at the same % rate.

E.g. After 5 yr MOP, say a flat was BTO-ed for 500k, it can only sell for a maximum of $515,000.

The COV cannot be more than $15,450

By the 10th year (incl MOP) the maximum that the flat can sell for is around 580k

By 15th year it can sell no more than 672k

By 20th year it can sell maximum for 778k. After 20th year, people will think about lease decay and hopefully not pay more

Technically speaking, if people still willing to pay 1.04m when the flat reaches 30 yrs then something is wrong. By then HDB can come out with another policy or change it

Otherwise HDB can set a ceiling for flats selling price, to be revised. In the above example, like when the 500k 4 room flat reaches 30 yrs old and still got people offer 1.04m, HDB can set the ceiling to be at 1m max

Public housing should not just let free open market to run its course, esp when there are outside influences such as new citizens (jhks mainly) and people who wish to profiteer (older folks)

STOP ALLOWING JHK TO PROFIT FROM SINGAPORE PUBLIC HOUSING!

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What do you all think? If u agree, post on that other side

[mGx-Alander]

What do you all think? If u agree, post on that other side

cant post on the other side, i am bend until wed evening 

but i think its a good move, ppl who couldnt afford downpayment of that 5% will be hit,
120k downpayment for 600k resale has now become 150k downpayment, ppl who are overstretched will be hit, they probably got stats to back up that many of these ppl are overstretched

but i think it wont be a large number

but COV need to be banned, i am anti profit for HDB as well and screw the property agents

[Shiori]

70% of the ppl dont give a damn, they only want to sell their hdb at $1m range

[Arctic]

Wow did you write that on your own?

I'm no expert but I think it sounds good. Gov can definitely control hdb prices as what you had suggested but they dont

[Banned User]

What do you all think? If u agree, post on that other side

Sure, I agree. And I'd rather not discuss that on that forum.

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cant post on the other side, i am bend until wed evening 

but i think its a good move, ppl who couldnt afford downpayment of that 5% will be hit,
120k downpayment for 600k resale has now become 150k downpayment, ppl who are overstretched will be hit, they probably got stats to back up that many of these ppl are overstretched

but i think it wont be a large number

but COV need to be banned, i am anti profit for HDB as well and screw the property agents

Why u kena ban

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Wow did you write that on your own?

I'm no expert but I think it sounds good. Gov can definitely control hdb prices as what you had suggested but they dont

I alway many idea. Last time post on edmw and pap end up also use it.

But hdb v sensitive topic to pap. They dont rly dare to touch this sacred cow and also affect PRs

[mGx-Alander]

Why u kena ban

I say new shittyzen  in the peenoy drink driving thread for discrimination 

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U say the words new citizen only?

[mGx-Alander]

U say the words new citizen only?

They say 'shittyzen' is discrimination

Not citizen lol

[jim889]

5% sup sup water.. nose effect rah..

the leech get leecher.. the poor just cannot afford onli
 

[mGx-Alander]

5% sup sup water.. nose effect rah..

the leech get leecher.. the poor just cannot afford onli
 

IM THE poor ask moi fork out 5% more cannot loan means no need buy liao 

[jim889]

IM THE poor ask moi fork out 5% more cannot loan means no need buy liao 

yeah so this poleecy dun fix the issue..