Property Views

[caroline3sg]

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.

:goodpost: Agape, I second this. I believe many HDB dwellers (citizens) share this views.

[caroline3sg]

Pte ppty owners who want to buy HDB flat, sell the pte ppty first, fulfill the MOP for HDB flat then buy pte again lah. This will bring this group of people the same "status" at those HDB flat owners who buy 2nd ppty (pte).


We have heard quite a no. of "pte ppty down graders" break COV record when they purchase resale HDB flats. This group together with PRs (buying HDB flats) are pushing up the prices of HDB flats (both primary & secondary market).

At the rate it is going, if govt don’t take action, don’t you worry for your children who may not be able to afford HDB when the time comes? You want S’pore to be like Tokyo?

[verykiasu2010]

caroline3sg:

Agape:

[quote=\"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.

:goodpost: Agape, I second this. I believe many HDB dwellers (citizens) share this views.[/quote]so what is the difference ? HDB is for those who cannot afford private right ? so you accumulate enough cash to buy private must quickly get lost from HDB lah...why hoard another property ? another needy citizen cannot afford hor, and wait to wait ....so be fair to your fellow citizen, once you purchase a private ppty, must sell the HDB, cannot hoard hor, why so tam sim, rich already, can upgrade ........

[caroline3sg]

[quote]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. [/quote]
When this group of people buy 2nd ppty (pte), they are not pushing the prices of HDB flats. This is the point / concern.

But if pte ppty owners want to buy HDB flats, this group of people are seen to have more disposable income to get the flat they want, so will drive up market prices.

[verykiasu2010]

caroline3sg:

[quote]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.

When this group of people buy 2nd ppty (pte), they are not pushing the prices of HDB flats. This is the point / concern.

But if pte ppty owners want to buy HDB flats, this group of people are seen to have more disposable income to get the flat they want, so will drive up market prices.[/quote]eh, not true hor

some private property owner are really poor, inherited the very run-down walk-up apartment that worth even less than a HDB 5 room in Mei Ling St or Bishan...these people where got rich ? can't even make ends meet, and the private property on hand is worthless -- they are also trying to upgrade - to a newer HDB - subsidised by tax payers' money in upgrading, while the private got no upgrading, no conservancy charges rebate, no GST rebate, pay higher property tax, that is why must \"upgrade\" also -- to a HDB flat, how to afford to push up the HDB prices.....think ok !! not everyone in private ppty is as rich as you think !! PRAY hard you will not be one such private ppty owner hor ...... think, don't be of a one track mind, think only one way ..... every one living in private ppty must be rich meh ?

[DesertWind]

Buy HDB then sell off the \"worthless\" private property within 6 months! OK what!


By the way, I think it is really true that owning a HDB now is very valuable, in consideration of the MEDICAL SUBSIDY nowadays in government hospital whereby means-testing and determination of how much subsidy you get is based on your HOUSE ADDRESS! From my latest experience (unfortunately), my parent stay in a HDB 4-room hence have full subsidy during hospitalization which cuts down the bill size by 75%. That is a lot of money!

Agree that not all private home-owners are cash-rich, that is why I am all for such owners to sell their private properties and stay in HDB flats especially upon their retirement. Imagine when you are old and need medical help you stay in private no medical subsidy - HOW? Even if you have a lot of money you also don't want to pay medical fees right? Rather leave it to the next generation. Therefore conserve the cash, after all upon retirement, no further monthly income, stay in HDB enjoy ALL as much subsidies and freebies as you can get from our good gahmen.

We are citizens so enjoy our priviledges to the fullest!
:celebrate:

verykiasu2010:

some private property owner are really poor, inherited the very run-down walk-up apartment that worth even less than a HDB 5 room in Mei Ling St or Bishan...these people where got rich ? can't even make ends meet, and the private property on hand is worthless -- they are also trying to upgrade - to a newer HDB - subsidised by tax payers' money in upgrading, while the private got no upgrading, no conservancy charges rebate, no GST rebate, pay higher property tax, that is why must \"upgrade\" also -- to a HDB flat, how to afford to push up the HDB prices.....think ok !! not everyone in private ppty is as rich as you think !! PRAY hard you will not be one such private ppty owner hor ...... think, don't be of a one track mind, think only one way ..... every one living in private ppty must be rich meh ?

[verykiasu2010]

DesertWind:

Buy HDB then sell off the \"worthless\" private property within 6 months! OK what!

verykiasu2010:

some private property owner are really poor, inherited the very run-down walk-up apartment that worth even less than a HDB 5 room in Mei Ling St or Bishan...these people where got rich ? can't even make ends meet, and the private property on hand is worthless -- they are also trying to upgrade - to a newer HDB - subsidised by tax payers' money in upgrading, while the private got no upgrading, no conservancy charges rebate, no GST rebate, pay higher property tax, that is why must \"upgrade\" also -- to a HDB flat, how to afford to push up the HDB prices.....think ok !! not everyone in private ppty is as rich as you think !! PRAY hard you will not be one such private ppty owner hor ...... think, don't be of a one track mind, think only one way ..... every one living in private ppty must be rich meh ?

of course can lah

but why cannot like the HDB owner - hoard the HDB first, then rent out private ppty leh ? the private property owner who inherited the run-down walk-up could have been retired, retrenched, retarded, rewhatever, no income, got coffin purchasing fund only, want to buy HDB, then rent out the private ppty in order to sustain livelihood also cannot ? why HDB so heartless suddenly ? last time everything can, now suddenly this cannot that cannot - never mind, but why treat poor private property owner so vindictively and treat rich HDB owner so favourably ? we say the pledge \"based on justice and equality...\"...here where got justice and equality ? why force people to sell an income generating asset and don't force HDB owner to sell also income generating asset ? look around lah ..... not every private ppty is in Nassim or Ardmore Park.... some are in Lorong and lengkong and longkang in Joo Chiat and Geylang ......

[dunnoleh]

verykiasu2010:

... some private property owner are really poor, inherited the very run-down walk-up apartment that worth even less than a HDB 5 room in Mei Ling St or Bishan...these people where got rich ? can't even make ends meet, and the private property on hand is worthless -- they are also trying to upgrade - to a newer HDB - subsidised by tax payers' money in upgrading, while the private got no upgrading, no conservancy charges rebate, no GST rebate, pay higher property tax, that is why must \"upgrade\" also -- to a HDB flat, how to afford to push up the HDB prices.....think ok !! not everyone in private ppty is as rich as you think !! PRAY hard you will not be one such private ppty owner hor ...... think, don't be of a one track mind, think only one way ..... every one living in private ppty must be rich meh ?

not so many private property owners affected la,

at least not enough to make someone rewrite this policy?

trying to be pro-Singaporean here -
I think one plus point is that this policy will keep wealthy \"Foreign Talent\" with nice big houses back home away from our HDB flats. right?

[verykiasu2010]

DesertWind:

Buy HDB then sell off the \"worthless\" private property within 6 months! OK what!


By the way, I think it is really true that owning a HDB now is very valuable, in consideration of the MEDICAL SUBSIDY nowadays in government hospital whereby means-testing and determination of how much subsidy you get is based on your HOUSE ADDRESS! From my latest experience (unfortunately), my parent stay in a HDB 4-room hence have full subsidy during hospitalization which cuts down the bill size by 75%. That is a lot of money!

Agree that not all private home-owners are cash-rich, that is why I am all for such owners to sell their private properties and stay in HDB flats especially upon their retirement. Imagine when you are old and need medical help you stay in private no medical subsidy - HOW? Even if you have a lot of money you also don't want to pay medical fees right? Rather leave it to the next generation. Therefore conserve the cash, after all upon retirement, no further monthly income, stay in HDB enjoy ALL as much subsidies and freebies as you can get from our good gahmen.

We are citizens so enjoy our priviledges to the fullest!
:celebrate:

verykiasu2010:

some private property owner are really poor, inherited the very run-down walk-up apartment that worth even less than a HDB 5 room in Mei Ling St or Bishan...these people where got rich ? can't even make ends meet, and the private property on hand is worthless -- they are also trying to upgrade - to a newer HDB - subsidised by tax payers' money in upgrading, while the private got no upgrading, no conservancy charges rebate, no GST rebate, pay higher property tax, that is why must \"upgrade\" also -- to a HDB flat, how to afford to push up the HDB prices.....think ok !! not everyone in private ppty is as rich as you think !! PRAY hard you will not be one such private ppty owner hor ...... think, don't be of a one track mind, think only one way ..... every one living in private ppty must be rich meh ?

good point

but if really got so much money as highlighted above, no complain lah....quietly sell the valuable private ppty to downgrade to HDB, \"keng gao liao\".....and push up HDB prices again (because got lots of cash to pay COV,need no bargaining, cheong for the choice unit resale flat)

the problem is, not every private ppty is valuable, really, go around and see

[verykiasu2010]

dunnoleh:

verykiasu2010:

... some private property owner are really poor, inherited the very run-down walk-up apartment that worth even less than a HDB 5 room in Mei Ling St or Bishan...these people where got rich ? can't even make ends meet, and the private property on hand is worthless -- they are also trying to upgrade - to a newer HDB - subsidised by tax payers' money in upgrading, while the private got no upgrading, no conservancy charges rebate, no GST rebate, pay higher property tax, that is why must \"upgrade\" also -- to a HDB flat, how to afford to push up the HDB prices.....think ok !! not everyone in private ppty is as rich as you think !! PRAY hard you will not be one such private ppty owner hor ...... think, don't be of a one track mind, think only one way ..... every one living in private ppty must be rich meh ?

not so many private property owners affected la,

at least not enough to make someone rewrite this policy?

trying to be pro-Singaporean here -
I think one plus point is that this policy will keep wealthy \"Foreign Talent\" with nice big houses back home away from our HDB flats. right?

I also VERY pro-Singaporean citizen hor

esp those who are retrenched and retired with no income, thinking of using the old private property to rent out for income / sustenance while live in HDB flat...but now some smart alec in HDB caused them more hardship....and these are true blue citizens, given their youth in serving the country till retirement and now no income, even forced to sell away an income generating asset when buying HDB flat...while those HDB flat owners can buy spanking new condo to invest for rental income while earning another income in full time job....not fair right ?

as for the rich FT, they where got want to buy HDB ? all buying GCB or nice big condo in D 9, 10, 11 and Marina Bay and Sentosa

those not so rich FW buying resale also bargain to the last cent...where got ability to push COV ? those study mama got so much money meh ?