Comments on: Why does HDB need to increase prices of flats so rapidly?

By: cactus

cactus — Mon, 12 Apr 2010 08:23:14 +0000

Orchid
U know why the pieces of flats at Jurong west extension are so low. Coz that area is smelly and away from civilization

By: Oh Holy

Oh Holy — Thu, 12 Nov 2009 06:04:41 +0000

Northside can cost 200k less than other areas because, the transport costs that incurred is 200k!!!

By: Oh Holy

Oh Holy — Thu, 12 Nov 2009 05:02:52 +0000

Let go ask the people that secure these new BTO if they think HDB flat is affordable, then if majority say no…let sue HDB lol

By: blur sotong

blur sotong — Sun, 08 Nov 2009 04:14:35 +0000

How come the minister now talk like a sotong. Like that, we will all die liao. If the insider and policy maker also blur blur, how are we going to decide to buy or not to buy a hdb flat now?????

By: Lost Chickens

Lost Chickens — Sun, 08 Nov 2009 04:04:48 +0000

So, we now have a lost chicken in MBT. To prevent slapping his own face again, he said he doesn’t know if the new land releases will move prices up or down.. though, simple logic tells us all this announced lands releases will not even loosely meet current RED-HOT demands created by the huge influx of PRs and new citizens.

By: Orchid

Orchid — Tue, 23 Sep 2008 03:03:35 +0000

Why is the HDB houses in Jurong West Extension have the least increase in price?

In other areas the 4 room HDB flats have reached almost S$400K but the valuation value for a 5 room flat in Jurong West Extension area has hardly touch S$270,000 especially those flat in Street 91,92,93 & 81.

By: sarek_home

sarek_home — Tue, 02 Oct 2007 04:13:46 +0000

http://www.straitstimes.com/ST%2BForum/Story/STIStory_163246.html

With the LRT system in operation, improved road network, as well as more amenities and established facilities, the flats in the Fernvale area have appreciated in market value. This can be seen from recent resale transactions in the area, where four-room flats were transacted at between $275,000 and $287,000.

Translation:

Market rate “subsidy” in action.

By: Leong Sze Hian

Leong Sze Hian — Tue, 02 Oct 2007 02:45:53 +0000

HDB’s Reply in Straits Times Forum, October 2

Cheers

Leong Sze Hian

By: jabez

jabez — Tue, 02 Oct 2007 02:36:15 +0000

Mr Leong,

any reply ywt from HDB to your questions?

By: Truly Singapore

Truly Singapore — Thu, 27 Sep 2007 14:14:46 +0000

I remember reading somewhere the increased cost of construction due to sand is quite small.

Did a quick search and found the following:

“When compared to an estimated 2 per cent increase in development cost due to price hikes in sand and granite, increases in construction cost do seem negligible.”

[http://news.asiaone.com/News/The+Business+Times/Story/Building+costs+climb+with+industry+boom.html]

2% increase in construction costs due to sand cannot explain the 28% price increase in flats calculated by Mr Leong …

By: mr wang says so

mr wang says so — Thu, 27 Sep 2007 06:10:16 +0000

I expect it has something to do with the rising cost of sand for construction.

By: anon

anon — Thu, 27 Sep 2007 02:41:19 +0000

Raising cost of public housing knowing full well that most citizens have no choice but to tap into CPF funds shows that this is another form of “taxation” and indirect way for them to get hold of your CPF money.

By: Robert HO

Robert HO — Wed, 26 Sep 2007 08:21:12 +0000

RH:
1. The first idea is to “keep the citizens poor while keeping the government rich” so as to control them better, as advised by Machiavelli.

2. The second idea is to lock citizens in a virtual monetary prison from which they cannot escape because, short of selling everything and migrating, they will have to toe the line and swallow whatever the PAP decides to make them swallow. And LKY boasted that “>80% of Singaporeans CANNOT migrate” so this policy works — for him.

3. The third idea is to make the tiny pigeonhole flat the citizen’s biggest or better still, ONLY asset. This makes him vulnerable to the standard PAP election threat to punish any HDB precinct that votes against the PAP by NOT upgrading that precinct while upgrading the others voting PAP, thus reducing the value of all flats in the punished precinct.

4. Since all citizens have their money confiscated through the CPF and totally locked in their miserable flat, this removes any possibility of voters voting OUT the PAP since LIE KY LHL PAP have totally destroyed any credible Opposition that could conceivably form a competent govt and the only remaining [allowed] Opposition are pretty third rate and are incompetent to govern. Plus elections are rigged when lost.

5. The exorbitant prices of HDB flats swell the reserves, gives LIE KY’s GIC and Temasek’s HO Ching CHEAP FUNDS, nay, FREE MONEY, with which to play Warren Buffet with, or George Soros, to buy here, buy there, getting into Forbes as “the most powerful man or woman, etc” and most important of all, GETTING A BIG WELCOME FROM ALL COUNTRIES’ LEADERS WANTING SOME OF THEIR INVESTMENT DOLLARS, which are all our monies but from which only LIE KY and FamiLEE and Cronies are benefiting. Hence LIE KY’s seat on several big corporations. Even LIE HY is on Rolls Royce so SIA will buy their engines.

*Comments edited by moderator for irrelevant remarks.

**Robert, please be reminded not to post your NRIC number here. Thanks.