Property Views
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lee_yl:
I pity Minister Heng...cleaning the sh-t someone created 4 yrs ago that I pray hard will not come back to haunt the same person again in the coming GE.Minister Heng to oversee Tampines DBSS project
http://www.straitstimes.com/news/singapore/housing/story/minister-heng-swee-keat-oversees-grassroots-taskforce-centrale-8-dbss-c -
bb_ mom:
Good question! Must ask those policy makers. :siao:
So why they can keep both hdb & condo if they owned the hdb first but the reverse if not allowed? :?lee_yl:
They are allowed to rent out whole flat and move into their condos after they have met the MOP (3 or 5years depending when they bought their flats).
I also advice my sister to get a HDB first, 5 years later then go for her condo.
I have a few relatives doing that, using the rental from their HDB flats to offset their condo mortgage loans. One of them owned 3 condos -
lee_yl:
anyway, besides this, I'm most impressed by the long, narrow and dark corridor of Pasir Ris One. Some gates cannot be open concurrently!Minister Heng to oversee Tampines DBSS project
http://www.straitstimes.com/news/singapore/housing/story/minister-heng-swee-keat-oversees-grassroots-taskforce-centrale-8-dbss-c
![](\"http://i60.tinypic.com/nqxt11.jpg\")
http://i60.tinypic.com/nqxt11.jpg\">
https://www.facebook.com/791425270951528/photos/a.791824220911633.1073741828.791425270951528/850059355088119/?type=1
It's really quite bad. -
jetsetter:
But must check purchase history. Started with hdb and then upgrade to condo. Sold HDB cos can only afford one at that time. After certain number of years, can afford 2. So want to get hdb and rent out. Why discriminate? Also trying to get passive income for old age.
Cos if u had purchased a condo first, the assumption is u've already hit the income ceiling when u got married or u can jolly well afford a pte condo, so kindly stick to your pte ppty and leave the subsidised housing to those who truly need it and don't mess with the prices. :rotflmao:bb_ mom:
So why they can keep both hdb & condo if they owned the hdb first but the reverse if not allowed? :? -
bb_ mom:
But must check purchase history. Started with hdb and then upgrade to condo. Sold HDB cos can only afford one at that time. After certain number of years, can afford 2. So want to get hdb and rent out. Why discriminate? Also trying to get passive income for old age.[/quote]Could this be one of the measures introduced to curb the HDB prices then? Remember few years back the HDB price was really quite high..it's something like double of the previous low.
Cos if u had purchased a condo first, the assumption is u've already hit the income ceiling when u got married or u can jolly well afford a pte condo, so kindly stick to your pte ppty and leave the subsidised housing to those who truly need it and don't mess with the prices. :rotflmao:jetsetter:
[quote=\"bb_ mom\"]
So why they can keep both hdb & condo if they owned the hdb first but the reverse if not allowed? :? -
jetsetter:
anyway, besides this, I'm most impressed by the long, narrow and dark corridor of Pasir Ris One. Some gates cannot be open concurrently!lee_yl:
Minister Heng to oversee Tampines DBSS project
http://www.straitstimes.com/news/singapore/housing/story/minister-heng-swee-keat-oversees-grassroots-taskforce-centrale-8-dbss-c
https://www.facebook.com/791425270951528/photos/a.791824220911633.1073741828.791425270951528/850059355088119/?type=1
Is the most narrow walkway pic the actual DBSS project? Oh dear..that is so depressing. It reminds me of those low cost flat in Jurong many many years ago. -
TheAnswer:
U mean when u login to apply for approval...u are NOT required to give any valid reason to HDB for the sublet of yr whole flat ?
When I login, mine says can lease out whole flat.. got letter that states can buy private also..Nebbermind:
Not sure. The 3/5 years MOP looks like general clause and need not be valid for people who subsequently oen private props.
The above was quoted from hdb...so better check with hdb coz there are clauses that state that hdb is not for revenue generstion.
I know one of my friends who did it in the past...she gave the reason of taking care of her aged mom...which is so true for her case... -
limlim:
So they changed the policy?
From HDB website :-Ikid:
[quote=\"limlim\"]
That is against HDB rules isn't it?
If you don't intend to stay in the HDB, should just sell it.
\"Subletting of Whole Flat
As an owner# of a non-subsidised/ subsidised flat, you can sublet your entire flat after living in it for at least 3 or 5 years, respectively and have satisfied the NC subletting quota if you are subletting your flat to non-Malaysian NCs. You must obtain HDB's written approval before subletting your flat.
Subsidised Flats : Flats bought directly from HDB or from the open market with a CPF housing grant
Non-Subsidised Flats : Flats bought from the open market without a CPF housing grant.\"
So it can be done. And if the owner has the power to hold both HDB and private condo, why not?
Once HDB increase the income ceiling, with more supply of HDB flats, do you think the current bigger flat owners will dispose their HDB flats and invest in private condo instead?
Previously there has to be special reasons before subletting whole flat is allowed. For e.g. staying with and looking after aged parents, overseas employment etc..[/quote]That's what i understand too ... -
But HDB owners were required to pay 7%ABSD when they buy a condo, so rightly, they are already "penalized"
So should be able to keep both HDB and condo and once 5-years occupation period is over, should be allowed to rent out their HDB. -
MrsKiasu:
That's another DBSS project in Pasir Ris. Not the Tampinese one.jetsetter:
anyway, besides this, I'm most impressed by the long, narrow and dark corridor of Pasir Ris One. Some gates cannot be open concurrently!
https://www.facebook.com/791425270951528/photos/a.791824220911633.1073741828.791425270951528/850059355088119/?type=1
Is the most narrow walkway pic the actual DBSS project? Oh dear..that is so depressing. It reminds me of those low cost flat in Jurong many many years ago.
Residents are upset because they paid a premium for the DBSS and it's not better than a one-room flat (at least, looking from the corridor).
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