Property Views

[verykiasu2010]

jeanllhjc:

Do you think rental mkt and resale pte will benefit most, since for new pte ppties that will take time to build, the timing is impt.

i think the rental and resale prices will drop, though by how much is any body's guess

in the last few years till todate, the number of new units private condo launched to replace the enbloc-ed units, plus the tens of thousands of new HDB units launched, will cause a glut, coupled with the tightening control on foreign workers (prof / emp pass) and less PRs given out ..... meaning less people to rent and buy ....

if the market drop and people's networth drop, who to blame ? we asked for it, didn't we ?

[Agape]

verykiasu2010:

why victimise and target the private property owner ?

I think that once anyone owns a 2nd property, it's seldom for the the reason for them to stay in it but for investment purporses. Hence if u r buying a 2nd property, it shd not be a HDB that you are buying because it's not for investment but HDB is public housing and it's unfair for someone having the means to live in private housing to compete with people who cannot afford anything else but HDB.

If one has stayed in HDB and accumulate enough to move on to purchase a 2nd property, it's a sign of progress and that 2nd property should be bought from the private market.

I think it's quite hard for govt to tell pple must sell HDB before buying private because the HDB was bought when one's financial circumstances were different in the earlier days (since they bought it legitimately when they needed it and were entitled to it then) and now you are \"penalising\" them for progressing while they are not taking any public houses away from people who need them when they buy from private sector.

Personally I felt the govt shd have intervened way back to stop people using HDB as investment tools as it deprives those who really need it. The policy shift from cost based to market value based method selling of new HDB flats have also contributed to HDB prices going up over a short period of time. If you bought your new HDB for 200k, would you sell for 150k? So if you bought new HDB for 400k, you would aim to sell for 500k at least... how then will hdb resale prices not head for the sky? I hope some NDB officers are reading this...

I think we had our own subprime in the making as people were buying several properties or over borrowing while the interest rates are low and instalments are affordable for now. When the rates do go up (and they will one day), if wages don't go up, then there will be a wave of selling similar to what happened to USA (because cannot afford to keep or rental not keeping up or foreclosures). Govt has to act now before it's too late.

As in any policy, you won't be able to please everyone but the considerations must be sound (just that because it's implemented late, more people are pissed because the delay caused more people to join in the wagon that is now hit). BTW, I am not a civil servant.

I am just thankful that I have my own HDB and almost fully paid up. Worry for my children though but worrying can't change anything so don't think too much and give them the best I can offer as a father.

[verykiasu2010]

your reasoning is irrational.


there is no difference between :

(1) someone bought HDB, sold it, moved to private, now want to buy HDB to downgrade and live in it and rent out the private for rental income for sustenance

and

(2) and existing HDB owner, accumulate enough cash, buy a private for investment income

In EFFECT : both are living in HDB and getting rental income from private property

There is no difference.

HDB owners are also rich - rich enough to own investment properties

So why penalise the private property owner who wish to downgrade to live in HDB flat ?

[dunnoleh]

Agape:

...The policy shift from cost based to market value based method selling of new HDB flats ...

some years back, someone forgot HDB's initial role.

It remained like that until recently, when someone suddenly remembers it again.
by then, the nett worth of thousands of Singaporeans have increased considerably,
so have expectations.

I share your concern for our next generation, but dunno what to do. :?

[Daddy D]

dunnoleh:

I share your concern for our next generation, but dunno what to do. :?

Our next generation can only \"inherit\" our hdb flat... priceless...

[wiimum]

I chance upon this chinese talk at the Whampoa CC : details below: anyone interested?


《新降温措施如何影响房地产市场?》

到底是产业还是“惨业”？
该卖还是该买？
房地产近期，中期及长期的趋势如何？

由黄埔民众俱乐部及黄埔华语讲演会联办的公开讲座
由三位资深房地产专业顾问团 （陈慧双 ，许志刚，黄追胜 ）为您解答。

日期：23 September 2010
时间：19:00 - 21:30
地点：Whampoa Community Centre 黄埔民众联络所-迷你剧场 300 Whampoa Drive Singapore 327737
门票：公众：$10/ Passion Card会员: $8/ Toastmaster讲演会会员：$5
门票有限，及早订票，以免向隅，售完为止。
订票：请传短讯（SMS）至 9459 9488 ：《姓名》-《票数》
已订票者必须在讲座当天7.15pm 之前抵达会场付费入场。
否则，您的位子将会转让给当场出席购票的来宾。

[Daddy D]

wiimum:

I chance upon this chinese talk at the Whampoa CC : details below: anyone interested?

I wonder what they are trying to achieve from this talk... the 3 speakers are property agents? Duh...

[verykiasu2010]

Daddy

wiimum:

I chance upon this chinese talk at the Whampoa CC : details below: anyone interested?

I wonder what they are trying to achieve from this talk... the 3 speakers are property agents? Duh...

probably telling you how to exploit any other loopholes to play the property market ..... lol

[toddles]

Daddy

wiimum:

I chance upon this chinese talk at the Whampoa CC : details below: anyone interested?

I wonder what they are trying to achieve from this talk... the 3 speakers are property agents? Duh...

they should send some MND HDB ppl there to police it hahahaha! then can get more ideas for the next tightening.

[tree nymph]

verykiasu2010:

ya

if they allow existing HDB owner to buy private proprty, they should also alow existing private property owner to buy HDB to live in it and rent out the private one

if they require private property owner to sell the private one after buying HDB, they should also require the same of the existing HDB owner to sell HDB once they buy the private property

please be fair to both side, either way

why victimise and target the private property owner ?

if you want to prevent dual-property ownership, why one a one-sided rule for 5 years ? please treat all your citizens EQUALLY !

the pledge says \"...based on justice and equality .....\" else where is progress, happiness ?

I agree with you.

If govt allows the existing HDB owners buying private property, then they should allow existing private property owners to buy HDB, of course, these people should stay in the HDB flat and rent out their private property.

They should not discriminate these two groups of people.