Property Views
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While the rules meant to curb flipping subsidized public housing for a windfall, what about those who are willing to pay and hence encouraging more 1 mil flats to be sold?
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These buyers are willing buyers - and they won’t be profitting much. Hence, how to penalize or discourage them further?
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Maybe some has earned profits fm previous property?
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doodbug\" post_id=\"2043890\" time=\"1635320454\" user_id=\"13281:
True, but their generousity has resulted some sellers asking for unreasomably high prices.
These buyers are willing buyers - and they won't be profitting much. Hence, how to penalize or discourage them further?
Having said that, if I have a ppty to sell, I sure want to sell as high as possible
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During my time, many ppl around me sell their hdb to buy private. And coz we didn’t plan for it and never thought of selling ours, signed doc then find money…we took short term loan and every mth need pay xxk+ for 6 mths. We also have our sacrifices in order to keep it.
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Recently our tenant took a picture of the bedroom…and I showed it to my dh says our room, remember… sometimes some ppl really no medicine can help lol…
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Also, one needs to pay for ABSD if they want to keep their HDB.
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In the first place, by allowing HDB owners to stay in condos and rent out their HDBs, the idea itself is already warped. Fundamentally, HDB is public housing and if someone can afford to buy a condo as a second property then the HDB unit should be released to those who need it more.
Now the cost of building materials have gone up by 100% and serious shortage of manpower due to COVID, why does HDB want to spend double or triple to build more flats now? All from tax payers money! And even if they can build fast, it needs 5-6 years to complete.
Since there is a pent-up demand for flats now because of the delay in construction due to COVID, HDB should seriously consider getting those who own both private and HDBs, to let go of either one -
Fundamentally, I agree with your position, but I do not think the Government can reverse this decision to allow for entire HDB units to be rented out while owners reside in another property (be it owned or rented, or children’s or relative’s property.) The Government realizes this, which is why for this new batch of BTOs in prime locations, they have disallowed it right from the outset. However, to retroactively apply it to existing flats and owners, I think it would be politically costly to do so …It would anger many here on KSP hahahahaha.
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Haha for me I won’t be angry… coz I believe that’s is right too… I also have next generation (s) to consider mah…
But then some younger gens also use BTO profits to jump to private I believe…I think hdb helps we get some money leh in some ways…
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