Mah Bow Tan claims that HDB flats remain “affordable†and as
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Originally posted by angel7030:
or work harder and longer hours, take up a few jobs to service your loan, still affordable mah
Work until mati, then wife dont need to pay for the flat. -
Q: What goes up and never comes down?
A: The ministers' salary and the cost of living in Singapore
Q: What only stay stagnant or come down but never goes up?
A: Our salary
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lol it should be what goes up never comes down? gt 2 things.
Minister's salary and cost of living
+ our income tax and gst
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HDB is a new source of feeder fund for GIC and Temasek.
anyway i hope that the Earthquake in Hati put a clear thought to most singaporean what you paid so much can collapse in second.
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Originally posted by Arapahoe:
HDB is a new source of feeder fund for GIC and Temasek.
anyway i hope that the Earthquake in Hati put a clear thought to most singaporean what you paid so much can collapse in second.
hard! many HDB owners still think that their flats belong to them -
sigh. singaporeans are born to go in debt
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Originally posted by smalldot:
sigh. singaporeans are born to go in debt
what to do, give thanks to the ruling party on this. One will not be in debt in singapore if one is filthy rich. -
Originally posted by googoomuck:
A TWO-ROOM Housing Board flat at Jalan Kukoh, off Chin Swee Road, was sold for $245,000 two months ago.
For Singaporeans who can't even afford a two-room flat, HDB can advise them to buy a large family camping tent as a home and camp outside Parliament House.
1 room costs about $125,000.
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Originally posted by charlize:
1 room costs about $125,000.
choi la3rm cost ard $90k
It's e 4rm and 5rm flat prcies tat are close to resale price
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Originally posted by sbst275:
choi la3rm cost ard $90k
It's e 4rm and 5rm flat prcies tat are close to resale price
Where did you get info that 3 room costs $90k. It is more than $200k now. -
Originally posted by sbst275:
choi la3rm cost ard $90k
It's e 4rm and 5rm flat prcies tat are close to resale price
I was refering to this $245K 2-room flat - it averages to around $125K per room.
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Originally posted by Fantagf:
Where did you get info that 3 room costs $90k. It is more than $200k now.
Talking abt e BTO ones laDun drag resale flats into e pic, the market prices has nothing to do w/ Mah Bow Tan's job in reality
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Originally posted by sbst275:
Talking abt e BTO ones laDun drag resale flats into e pic, the market prices has nothing to do w/ Mah Bow Tan's job in reality
Then??? Your post did not state is BTO, so don't blame me for talking about resale -
Originally posted by Fantagf:
Then??? Your post did not state is BTO, so don't blame me for talking about resale
In the first place, many ppl are concerned abt new flat pricing esp newly weds.The pricing of resale n BTOs cannot and never be used for any comparison
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this is resale flats for immigrants la. is those rich foreigners who want a gd place bt oso wan hdb then buy lo
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Two-room flat costs more than a four-room
[Photo: Mr Adrian Wee (28, left) of OrangeTee was the agent who handled the transaction for the former home owner, Mr Tan (43, right).]
A two-room flat in Chinatown was sold for $245,000 recently, creating a new record for the re-sale price of HDB two-room flats.
Located at Jalan Kukoh, the flat is on a higher floor of block 10, and is about 40 years old.
Photo: Courtesy of Mr Adrian Wee
Home owner Mr Tan, a 43-year-old advertising executive, bought the unit with his wife two years ago at about $145,000. They decided to sell as they want to move to a larger flat.
"We bought this unit because we wanted to live in Tiong Bahru, but could not afford a four-room flat in this area. Now, we want to upgrade to a larger flat. We also find it too noisy as it is near the highway," he told Shin Min Daily.
According to OrangeTee property agent Mr Adrian Wee, 28, the new flat owners are a young couple with one child. Besides the central location, the flat is also near to where their parents stay. As they also like the simple, open layout of the flat, they did not object to the noise from nearby traffic.
The flat's floor area of 53 square metres includes a living room and one bedroom; an additional storeroom was added by the former home owners. The price of $245,000 is about $45,000 above valuation.
Mr Tan says that although he made a tidy profit from the sale, the price over valuation of his new four-room flat is also quite substantial, so it is just enough to cover his costs of buying a new home.
According to HDB figures, the average price of a two-room flat in Tiong Bahru was about $190,000 to $220,000.
ECG Property CEO Mr Eric Cheng says that the price is high, but still reasonable for the prime location.
"Some couples prefer flats in mature estates as they are near the city and they can save time and transport costs," he told Shin Min.
PropNex CEO Mr Mohd Ismail said that many of the home owners are elderly, and most of them have no intention of selling their flats, so it can be hard to find one on the market.
"For this price, a young couple can get a new four-room flat in Punggol," he said.
Source: http://www.asiaone.com/Business/My%2...12-191387.html -
Remember: 99 yr.
HBD not belong to the pple.
Belong to the govt!!!!!!!!!!!!!!!!
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Originally posted by likeyou:
Remember: 99 yr.
HBD not belong to the pple.
Belong to the govt!!!!!!!!!!!!!!!!
Aiya I think after the 99 year finish liao they will give you the option to release at a cheap rate lar.If not sure lose vote le. I don't think garment will do that.
Kind Regards
Genie
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Originally posted by sbst275:
In the first place, many ppl are concerned abt new flat pricing esp newly weds.ya... me and my gf calculated already. we can nv afford a flat unless we borrow from hdb or from banks.
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Originally posted by goofyzell:
ya... me and my gf calculated already. we can nv afford a flat unless we borrow from hdb or from banks.
goofy most ppl start work have to borrow from bank de ar.... SG mortgage rates are quite low de... in this case i would agree that the garment played a part also.Kind Regards
Genie
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Originally posted by Genie99a:
goofy most ppl start work have to borrow from bank de ar.... SG mortgage rates are quite low de... in this case i would agree that the garment played a part also.Kind Regards
Genie
me n my gf have been working for 3 yrs or more le... but the flat prices are damn sky high.
imagine how long i need to save when i can only save $200 a month.
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Originally posted by goofyzell:
ya... me and my gf calculated already. we can nv afford a flat unless we borrow from hdb or from banks.
well is oku are not only the one who need
a loan
there are many many same as u one
so dun worry
just get a loan and pay off
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Originally posted by goofyzell:
me n my gf have been working for 3 yrs or more le... but the flat prices are damn sky high.
imagine how long i need to save when i can only save $200 a month.
u alone save $200 or both of u?.... if married shld be ok qua? 3 room brand new...150k+?then if its really tight rent it out and stay wif parents first 2 years?
Kind Regards
Genie
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Originally posted by Genie99a:
u alone save $200 or both of u?.... if married shld be ok qua? 3 room brand new...150k+?then if its really tight rent it out and stay wif parents first 2 years?
Kind Regards
Genie
me alone $200.
3 room 150k? where u find wor? the 3 room around her house(in bedok) cost about 300k le.
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Originally posted by goofyzell:
me n my gf have been working for 3 yrs or more le... but the flat prices are damn sky high.
imagine how long i need to save when i can only save $200 a month.
3 bedroom prices..
depend which location u want
guess since u are still young
you can take a 25 year loan and slowly pay
off// maybe work out to be min 400 per month
depend on the sales price of the flat