Property Views

[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:

[verykiasu2010]

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 value

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

you are absolutely right !!!!!!

hard to please, easy to complain, everything is everyone else's fault

never look into the mirror type

[verykiasu2010]

in these days of political correctness, MP and Minister can never say it is citizens fault. They must always do what the citizens request, and be seen to be so nice and genial to ready to please anyone anytime


even traffic fine and parking fine also request MP and minister to write letter to appeal for waiver

[sleepy]

verykiasu2010:

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

Not blaming them of course. Like I say earlier, HDB obviously would have done their case study, what if analysis, blah blah and deem private owners sufficient to impact HDB prices to so obviously deter this group of buyers from buying HDB

Actually, PR also impacted by this new policy. Cannot own other properties overseas if they intend to buy HDB

[verykiasu2010]

okok, very sleepy liao

[cherrygal]

Just wanna add, it will be harder to buy a condo that has yet to be built… you gotta sell your place first, then get the proof of sale to qualify for the 80% loan. So if you really cannot squeeze out that extra cash and need to sell first, where are you gonna stay till your new place TOP? Because of this, you gotta rent some place and incur extra costs… sigh


That’s why they say mass market new launch condos are gonne be hit most coz those are usually bought by pple who are not that rich.