Property Views

[sleepy]

verykiasu2010:

it is driven up to where it is today is due to the one year MOP of resale flat,

Used to be 3 years, before the 30 August announcement

verykiasu2010:

whether a person owns a $4m ppty or a S$40m ppty he can only buy ONE HDB ppty, how much can you drive it up ?

Only cash rich buyers (most assume pivate property owners & some say new immigrants :scratchhead: ) can afford ridiculously high COV.

Without this group of buyers, HDB sellers will have to be realistic, cannot 漫天开价 :evil:

Will be interesting to watch what happen to HDB & mass market condo prices the next 6 months to 1 year

[sleepy]

toddles:

Yup, I am quite sure. Besides the terms that sleepy posted, there was also a recent case in the news papers of the Indian PR (?) who bought private and rented out his hdb after fulfilling MOP.

that's the whole point of having an MOP mah...

Can post the newspaper article link here? I don't recall reading it

[verykiasu2010]

sleepy:

verykiasu2010:

it is driven up to where it is today is due to the one year MOP of resale flat,

Used to be 3 years, before the 30 August announcement

verykiasu2010:

whether a person owns a $4m ppty or a S$40m ppty he can only buy ONE HDB ppty, how much can you drive it up ?

Only cash rich buyers (most assume pivate property owners & some say new immigrants :scratchhead: ) can afford ridiculously high COV.

Without this group of buyers, HDB sellers will have to be realistic, cannot 漫天开价 :evil:

Will be interesting to watch what happen to HDB & mass market condo prices the next 6 months to 1 year

Any 'sane' HDB owners (read:citizens) will maximise the COV, they will ask for example S$120k cov and just let the buyers bargain....whoever blinks first will get it... 3 y.o. kid also know, and most of the time the buyers are en bloc ppty owners-citizens too, so we drive the market up ourselves...as HDB stats say that only up to 20% of resale txn are by PR, 80% are by citizens.

and PR is only 500+ k compared with citizen popn of 3+m....not as if the whole of 5m - 3.+m = PR

[limlim]

They should just stick to the original intention of the public housing project… to provide housing needs of residents…


Those who have private properties should give up the HDB flat and put it up for sale.

[verykiasu2010]

and the vicious cycle continues, these enbloc ppty owner-citizens in a desperate moment to find a place to stay, will just pay cash for the whole ppty purchase (HDB) and the whatever cov paid will be factored in the next valuation of the surrounding ppty, and will affect NEW HDB flats pricing as it is a function of the market price (HDB resale market) less XX% market subsidy


so 80% of the blame should be on citizens who hoard HDB ppty

[3Boys]

limlim:

They should just stick to the original intention of the public housing project.. to provide housing needs of residents..


Those who have private properties should give up the HDB flat and put it up for sale.

Simplest and truest form....

Aiyah, but folk want sophistication and nuance in policy making right? Pay our ministers so many millions, how can settle for something so simple.....

[verykiasu2010]

limlim:

They should just stick to the original intention of the public housing project.. to provide housing needs of residents..


Those who have private properties should give up the HDB flat and put it up for sale.

HDB should revert to the old \"posted price\" system for the resale market

[sleepy]

verykiasu2010:

Any 'sane' HDB owners (read:citizens) will maximise the COV, they will ask for example S$120k cov and just let the buyers bargain....whoever blinks first will get it... 3 y.o. kid also know, and most of the time the buyers are en bloc ppty owners-citizens too, so we drive the market up ourselves...as HDB stats say that only up to 20% of resale txn are by PR, 80% are by citizens.

and PR is only 500+ k compared with citizen popn of 3+m....not as if the whole of 5m - 3.+m = PR

Yalor, that's why most assume private property owners drive up the prices.

But if I recall correctly from the news telecast, Mah said only 5% are private property owners :scratchhead:
If that's the case, HDB must have done their case study, scenario analysis, blah blah to come to the conclusion to intervene instead of leaving prices to market forces

Actually am quite surprise the 5% cash rich buyers has such huge impact

[verykiasu2010]

sleepy:

verykiasu2010:

Any 'sane' HDB owners (read:citizens) will maximise the COV, they will ask for example S$120k cov and just let the buyers bargain....whoever blinks first will get it... 3 y.o. kid also know, and most of the time the buyers are en bloc ppty owners-citizens too, so we drive the market up ourselves...as HDB stats say that only up to 20% of resale txn are by PR, 80% are by citizens.

and PR is only 500+ k compared with citizen popn of 3+m....not as if the whole of 5m - 3.+m = PR

Yalor, that's why most assume private property owners drive up the prices.

But if I recall correctly from the news telecast, Mah said only 5% are private property owners :scratchhead:
If that's the case, HDB must have done their case study, scenario analysis, blah blah to come to the conclusion to intervene instead of leaving prices to market forces

Actually am quite surprise the 5% cash rich buyers has such huge impact

it is the ripple effect from the HDB upgrader who maximises the COV in order to move into condo, and in the ever rising HDB new flat price situation, people are just tired of waiting to pay high price and might as well pay the high price now and can select even better location than a new HDB flat. Is a no brainer.

And hence we ourselves are driving up the price

As you pointed out, private pppty owner is only 5% of the txn and they can only buy one HDB resale, how much can they push with the COV ? you think they just throw cash around ? just follow market lah.

I think not fair to blame and victimise the private ppty owner

[sleepy]

Maybe that shall be HDB's next tweak

Force sale of HDB for those who own private properties. Sure will bring forward more landslide in HDB prices since supply increases

Then HDB owners start complaining their HDB value deterioriate too much, less than their original purchase prices, suffer paper loss, bank asking them to top up the difference in loan vs valuation

Price increase, HDB's fault. Price drop, HDB's fault. Haha, I definitely don't want Mr Mah's job :rotflmao: