From the Straits Times:
A FOUR-ROOM Queenstown HDB flat has sold for $653,000, setting a new record for price per sq ft (psf), amid continuing red-hot demand for resale flats.
The buyers, a male Indonesian permanent resident and a Singaporean woman, could have bought a condominium unit in an outlying area for the price.
But they were won over by the location, just five minutes walk from Queenstown MRT station, and on the top, 40th floor of the block, with unblocked views of greenery from all windows.
The four-year-old 969sqft unit at Forfar Heights, Strathmore Avenue, sold for $68,000 above valuation – a level determined by an independent valuer.
This works out to $674 psf, smashing the previous record of $609 psf, achieved in January last year, by about 10per cent.
This may be an unusually high price but resale prices have been moving up.
Hello fellow citizens,
i am seeing a clearer picture now why we are not a nation and a country mentioned by our esteemed leader but a city …that the road is path with Gold ingots in the eyes of the riches soul…. very soon….in the next decade or more …..reading this morning zhaobao. Singapore fast becoming a dependency or province of mainland China and definitely there is no U-turn in their relaxed immigration policy… let move on
the trend now, not just the super rich but “normal rich” prc snapping up properties in this city more than the rich malaysian, indonesian etcs…. why our “citizen homes” prices never comes down instead the govt “artificially” planned as not to allow private property burst in-spite we are going through the worst economic recession.
and do u know why…. because the high price we pay through taxes for a safe and contribution by all citizens toward security…to be enjoyed by other guests contributing inflated to sustain higher GDP ….think logic citizens – why the guests are here and not surrounding islands – what make up the majority ethnic group in singapore.
property developers putting up road shows in overseas and providing 1st class and one-stop services… free air trips,nice accommodation and good food, school enrollment, banking and legal services and many more….everything you want to know singapore…all out to service You. Developers should thank our govt .. for saving them but in return… who benefit, your guess is as good as mine… Wow, what goes around, comes around… what a wonderful world.
real sad for this city meant for the rich, instead of solving the roots of the problems for the past 20 years which “they” claimed to have the good foresight, back then we still have the resources, now “they” only managed to think short-cut solutions, keep extinguishes all fire around “them” without looking into the social implications aspect affecting the people ….jobs, family, children, retirement etcs…the city outlook just look superficially good but, internally all cracks are appearing.
Like they had hinted “Please take care yourself” when you are out of your unproductive years.
Also, please our people-funded “scholarly citizens” don’t always workout huge economic figures to show to your ‘masters” how much can be collected through your pig head by “Pay and Pay” or “Profit and Profit”, left-hand pocket in(give) to right-hand pocket(out – time to return back to my master)scheme – Please “Stop all this nonsense – don’t keep fooling the citizens” if YOU ARE – have a sincere heart whatever in your policies planning – that have proposed, implemented and before legislated – must benefits both the people of singapore and hopefully the ever-changing elected govt truly mandated by its citizens – afterall, what is the basis moral roles of an government first and foremost. By then, hope it is not too late.
Citizens – U have to decide when the day comes – the “CROSS” you place in your ballot slip – ask yourself sincerely – hey, how is my life and family for the past 10 years – and think hard again – and how do I FEEL things going to impact my Life for the next 20 years still having H igh D ebt B urden….
Get Reals! Citizens, we have to Wake Up from our slumber for the past 44 years, hurray!
48) dd
///// by the way hope the lift breaks down everyday….lol….. /////
“Resentment is like drinking poison and then hoping it will kill your enemies. ”
- Nelson Mandela
To fellow SGporeans……
Its no use complaining the PRs are jacking up the prices and that they can leave after they make money..while we are the one left here to pick up the pieces.
Just try to apply for PR in another country. Don’t wait…just do it now. Then we also will have the benefit of leaving this stinkhole when the time is right.
This is the only way to even the playing field.
The message from gahmen is very simple. No qualification don’t have children, No money don’t stay in Singapore. Singapore is a country of elite uncaring faces, take it or leave it. It’s a paradise for the immortals. Singapore has plenty of natural resources – the people. Like in the Matrix movie, we are like the batteries. The suck us of our whole life, our children. So at the rate HoHo is giving out money like Santa Claus, we can’t keep up, they need more and higher capacity batteries.
By making properties more expensive, they force us out indirectly, same trick like in an en-bloc sale. Singapore is on an en-bloc sale.
Hi 53) Playboy_Rick
I’m sure you’re the smart one. In fact, I know several people who has applied PR of another country and are happily claimed that now they are also like PR in Sg, enjoying the best of both world. They have passive income like foreign FD, rental, high dividend stock in Sg which are low in tax and remit $$ out of Sg to the country of their PR, while enjoying free healthcare, free education, social welfare, big and cheap house, car etc.
The only problem is getting a PR in another country is not as easy as Sg.
Hey Guys,
What’s the bottomline of the story? Foreigners love to make Singapore their home. You really believe it???? Can it not be fictitous?????
Do you really believe that weathy Indonesians do not know about our market prices that they are stupid enough to invest in a HDB property? They have been in our property market for the longest time, way before Singaporeans know the meaning of `speculating’.
Please please brothers and sisters. think and think again about the authencity of this story. Please!
40 storey, next to MRT, Queenstown.
Original owners got it for under $300K.
Thats really cheap.
I would have paid $750K for this flat.
a house nowaday would cost an ordinary citizen, I really mean ordinary citizen 30 years to pay. A generation later, an ordinary citizen need 60 years to pay then?
A lot of ppl must be thinking. Wow, i brought at 200k and now the value of my home has gone up to 400k. They are only fooling themselves. Imagine the interest and renovation stuff they need to pay.
And then a generation later, their children need to folk up 600-800k ….do u make money then? Does the value of ur home actually increase? after all, you pay for it.
What happens if ur 1mil house reached the end of 99 years, u think the generous gov will pay u any money? Everything gone to waste money.
My advise is to buy a condo. Yes condo is expensive but at least the value will increase tremendously in 20 years and u earn it back. Then u can go buy a HDB.
Look at all those ppl that do not listen to my advise 20 years and buy a HDB and not a condo. Their comment was 200k for a condo is so siaoz and expensive.
Flashback it 20 years later. The ordinary ppl 20 years ago earns the same as 20 years later. And have to fork 300-400k just to buy a 5 room HDB. Now who is more siaoz?
It better to spend 500k on a condo , guys now, or live to regret for life.
Tan Cheng Hua> Be realistic. Do you EVER think that these idiots will be booted out of the office?
Who is the overall winner? It’s none other than our own government. Why? Cos I heard that it only cost $50k(this was told to me by the people in BCA) to build a 3room HDB flat and the government is trying to paint a very beautiful picture to the citizens by telling us that ALL Singaporeans will enjoy special privileges like 1st timer grant of $30k, hdb loans at a special rate. In fact, they ARE trying to squeeze as much money out from our own pockets. :(
Case in study: Mas Salamat took just 49 seconds to escape a detention making a big joke out of everybody. Guess what? Everybody down the line working at the detention centre was sacked execept our dear Minister of Home Affairs, Mr Wong. Why? Reason’s simple. He’s none other than an uncle to our PM Lee.
All hell WILL break loose when the old man dies. =)
I noticed that from all the posts and the all the other anti-pap posts, there is always the same -2 vote. There is obviously 2 trolls here. Can the admin check them?
Now, HDB BTO Dawson Projects in Queenstown is selling for $532,000 to $664,000 for a five-room flat. The prices of BTO flats are pegged to recent transaction of resale flats in the vicinity.
Both HDB and PR are racing to set new price record in this area.
HDB selling high, Citizen buy high and sell higher, PR buy even higher, HDB peg the price and sell higher than previous.
Yes. Hdb prices are still shooting sky high. Not only mps and ministers. I came across a person who still works in the town council and living in semi-detah, since 1990s has been bringing building materials, some items even engraved with ‘hdb’ and sub contractor workers to build and maintain his private house. Where is all our town council fees goes?..
Yes. Hdb prices are still shooting sky high. Not only mps and ministers. I came across a person who still works in the town council and living in semi-detah, since 1990s has been bringing building materials, some items even engraved with ‘hdb’ and sub contractor workers to build and maintain his private house. Where is all our town council fees goes?.. what is the most appropriate authority who should oversee this kind of issue?