10,550 units? is that enough? Say we have 8 (a generous number) persons living in each unit. that works out to space for only 84,400. Isn’t our foreign and local population growing faster than that?

pathetic. stop letting that many “new” ppl coming in. problem solved. let singaporeans gain from this instead. I fail to see how this would help singaporeans get their new homes faster. even if they start building today.. we’d see the houses wat.. 5 years later? 5 years of declining birth and marriage rates…and 5 years of increase in “foreigners”, PRs, speculation.

we don’t even know how SG will be like 5 years later. for sure.. there will be MORE people and MORE people and MORE……………and some MORE

weak……

If can’t wait for 5 yrs, buy from resale market. If no money to buy, then rent. If can’t afford, stay with parent.

With our replacement population is low, most probably when your parent pass away, their flat is yours. Assuming wife and husband are the only kid, they will have 2 flats when both parent pass away (not including wife/husband have their own flat). Since they can’t own more than 1 HDB flat, thus need to sell the balance 2 HDB flat, don’t they want to sell high high. If each flat can cash 500K, this couple will have $1 million. High HDB price will eventually benefit you, building too many flat to push down the property price is not really wise.

#3 FaceThe Fact: I suggest you buy 10 eggs… breed them into chickens and then continue and repeat the cycle, you can become a millionaire much faster. lol.

High HDB price will certainly help those(80%?) who have paid up and near the end of their installments.

If a three room unit can generate $150K profit and if owner has got another $100K in the Ordinary Account in the CPF and the owner is above fiftty year old, he/she should consider living in cheaper(living costs) countries. Combined $250K should last many years in less developed countries in South East Asia and Asia. And for those that own bigger units, it would be better.

It is going to be more expensive to live in Singapore as time goes and the locals are going to be greatly challenged by foreigners in term of employment and wage. It is so obvious that SIN is fast becoming a haven for the rich and those seeking safe haven for ill-gotten wealth. As it is, we are struggling to survive, should we stay to slave for the privileged? Ask yourself and seek solution before it’s too late.

Of course, local born and those that settle here before independence would like to stay here as long as they could, however due to skew policies in favour of aliens, Singaporeans need to look into their future.

patriot

“The Singapore government yesterday fired a clear signal that it intends to keep private homes affordable by announcing its land sales programme for the first half of 2010 earlier than expected.”

it’s election year…once again will goodies will be laid out like pasar malam.
Once it’s over and PAP get their mandate once again…it will be pay back time.

Cycle,rinse and repeat.

FaceThe Fact. I
If your parent sell the flat to HDB , U get chicken egg.
Don’t be senile.

A friend of mine inherited a 3 room and has been living with his wife and children for years.

I asked him, why din you sell it when Property price skyrocket as it is now?

He said, If he sells it he still have to fork out skyhigh amounts of money for the the HDB prices that skyrocketed due to foreigners and new citizens and PRs increasing the Demand .

3) FaceTheFact

good valid points

4) LOL on November 8th, 2009 2.55 pm

Thanks for your suggestion but unfortunately I’m not farmer by professional. As a investor, the logic is the same as buy 10 eggs and breed them. That is multiply your investment. If you fail to understand this logic, you are only good for farmer’s workers and easily replaceable by FT. Pathetic…lol!

And
7) Gong People on November 8th, 2009 3.29 pm
“If your parent sell the flat to HDB , U get chicken egg.” I’m not sure is that what your parent has done to you but as far as I know, most of them will live on their own roof till the day they pass away unless they run into financial difficult. I guess you need to solve your own family problem and understand why you get chicken egg.

The truth is that the Government is forever behind the curve
but they always think they plan years ahead! At east this is what
they want to tell us. It’s a joke!

In the 1990s when property price bubble was already so inflated
the Minister of Finance , in Parliament, says it us only asset
inflation and that it was justified by the high growth and confidence
in the Asian economy. He further stressed that it was unlike Japan
of the 1980s! Well we now know very well their greed is the same
like everybody.

So HDB after being burnt by the property crash and was technically
bankrupt became soft and only wants to build when the demand is
only there. So they design and build strategy. This way it will
guarantee them a sure sale and profits! But guess what they fail again!
This time the public housing is inadequate to meet the current
demand.

Got panic now the govt announced they will be releasing more sites
for residential housing development from NEXT YEAR when people
wants it yesterday! So using propaganda through the public media they
try to cool the temperature by telling the public that there is more than
enough housing for everyone(NOT THEIR POOR PLANNING, IF THERE
WAS ONE). They say they wants to keep property prices stable! How?
In actual fact the government is the main manipulator of prices in
Singapore. Look at the COEs, transport prices, restricting food
supplies/imports, utility & water supplies etc. As long as the government
is in the market determining supply or influencing demand or setting
prices they are actually interfering with the free market mechanism thereby
over time creating an artificial and distorted market price.

Let’s see another new episode over the next 18 months when the
government will be out to defend themselves again!

“Cheap” is a matter of relativity.

How can it be cheap when the land cost is still subjected to competitive bidding based on market forces?

End of the day, if the developers are bullish and wants the land badly, they may still be inclined to bid high price for those land!

Hey people…. read the news carefully… the 10 sites are for private properties, it does not help in reducing the prices of public housing.

Property prices will only go up. Do not be surprise that you will need to forkout 200k for a BTO 3-room flat 5 years from now.

2 billion dollars deficit before government grant??? But what about the facts???? How much does it take to build one unit of HDB flat??

Say one unit for a HDB flat is at construction cost is around 120k – 150k for a typical 4-room. Selling price now is 230k – 290k. How much of these do HDB earn???

Deficit because of subsidiaries? Have you realize that even though the interest rate is 2.6% flat. For a typical 300k flat….. you pay the 10% down payment plus maybe 50k from CPF….. you will left with 220k to loan from HDB and at a flat rate of 2.6% per year….. for 30 years loan you will end up paying 97k for interests on top of the remaining amount.

Put that on the scale of the thousands of houses they sell plus the prices of property that keeps climbing and also dbss and such….. how much would HDB earns?

Bearing in mind that 4-room flats over 10 years ago would cost below 200k……and houses were built to be more spacious.

We are now living in cram and expensive housings…… in 2006.. duxton 4 room flats cost 260k during launch… 2 years later… the price shoot up to 460k… speculative of market?

Why is the government moving towards market driven price which it had only price its housing to cost before 1996???

What is MBT doing?

Is the Private housing going to build in the mature estate?
If so, is young Singaporean couples going to live further and further away from the central given they are young and do not have much cash?
Does this actually help the foreigner to get a cheaper housing that is relatively still very expensive to the local?
Local needs new flats and not the foreigners!! Get it? Why build so many private estate when new HDB flats is simply not enough?
Which is more important? Local people’s welfare or the money that comes from the expensive land sales?

Why is this self-proclaimed ‘all inclusive’ governement, excludes the SINGLES from buying new HDB flats, but allowed the fx and pr immigrants to do so? Such policy make the nation’s pledge a…. sigh!

Once the government uses HDB as a mean to achieve their other motives beyond the mission of providing public housing, eg., ‘enhancing’ the value of HDB flats artificially and IMO unsubstainably, and in the process ‘justisfiably’ depleting our CPF savings, they MUST micro manage it or it just would work. So, they ended up with more than one sets of unknown variables to handle… the real market force at play and the artificial demand-supply games that MBT is paid to play. The real issue and concern is it’s our lives and monies that they are playing with.

Market cost is a lie to fool the gullible. As every marketing guy can tell you, market cost is created if something is being sold.

If there is no competition, there is no market cost since HDB is itself a monopoly.

As for why there are bidders for land, cos they see opportunities for great profit, that is why they r bidding for it, silly! And holy, some of the private developers are owned by the gov too lol:X

I hope it ends the myth of market driven cost.

3) FaceTheFact

You are telling poorer Singaporeans to rent a flat….HEY maybe we SHOULD! Why not we rent a flat from PRs?? So many of them have flats now.

Everyone, a round of applause for this GREAT IDEA!

While we are at it, can I rent a country too? I can’t find it anywhere….YU HOOooo, where are you?

HDB can also consider building mickey-mouse units within HDB NEW flats for singles. Why no such innovative and forward-thinking people in HDB? Only know how to think in a straight line only is it??

18) RuiKen

Honestly speaking, nobody give a damn on are you renting the flat from PR. Is your choice, you have the right to choose just like you/your parents/sibling/friends have the right to vote.

You want to rent a country? Please put up your ads in the news paper classification, you may have a better luck there.

19) Target Singles 007
Govt doesn’t promote single.

This report is a lie. It was released in Nov and then one week later, the Strait Times released a report that the Property Bubble has cooled in Oct, Sep, since july because the gov has acts to cool the property fever by releasing land and releasing more houses.

What was the lie? The report comes out in Nov and the land releases only come out in Nov. So how can it affect Oct drop in prices?

Yet in Sep and Oct, if the resales and other properties have dropped, due to drop in demand, why HDB increase the resale and the price of HDB by SOOOOOOOOO MUCH????

The Nov Property Report and the Oct housing Report are contradicting one another! And the dates were even backtracked!

In short, the HDB prices are supposed to drop, yet they do not drop!

What is more, since they say HDB reSALE price had dropped since july, why do they then want to rise property taxes by citing the value of HDB has risen?

Don’t you think these past month, we r fed lies and false reports??