Khaw: New flats still affordable

[hokkien]

Monday, Nov 19, 2012
SINGAPORE - The prices of new HDB flats have gone up by 12 per cent since January 2009, but that is lower than the 34 per cent rise in the HDB Resale Price Index, National Development Minister Khaw Boon Wan said in Parliament yesterday.

He said homes are still affordable for first-time buyers.

"We take affordability fully into account when pricing BTO (build-to-order) flats. New flats enjoy generous discounts off market prices," The Straits Times quoted Mr Khaw as saying, in reply to a question from Dr Lee Bee Wah (Nee Soon GRC).

Eligible first-time buyers can get up to $60,000 in housing grants. HDB also offers housing loans at concessionary interest rates to help eligible households finance their flat purchase, Mr Khaw said.

Mr Khaw said that first-time buyers of new flats in non-mature estates used on average 23 per cent of their monthly income for housing loans.

"I think that is affordable for BTO," he said.

A lot of the misunderstanding over housing prices arose because people were looking at the HDB resale price index, he said.

The Government is trying to stabilise resale flat prices through cooling measures and building more new flats.

"But for the moment, I think I would regard the achievement that we have been able to bring about, this cost increase of just 12 per cent versus the 34 per cent increase, as quite an achievement. I think not enough credit has been given to my ministry," Mr Khaw said.

 

[niceguy]

Not as affordable as he says. Even after all this many find it difficult.

 

[Glaringly]

"But for the moment, I think I would regard the achievement that we have been able to bring about, this cost increase of just 12 per cent versus the 34 per cent increase, as quite an achievement. I think not enough credit has been given to my ministry," Mr Khaw said.

Did Mr Khaw just shot himself in the foot?

His ministry is responsible for both and he compares those 2 and comment it is quite an achievement. Bloody Hell! Or did I get it wrong?

 

[tonychat]

fuck you lah..

99 years leasehold , pay how much also not yours.

other country can get freehold and pass on the properties to their future generation.

Fuck sinkieland and the pathetic PAP to hell.

 

[ray_of_hope]

He has just given himself a big congratulatory pat on the back for a job well done.

 

[streetsmart73]

fuck you lah..

99 years leasehold , pay how much also not yours.

other country can get freehold and pass on the properties to their future generation.

Fuck sinkieland and the pathetic PAP to hell.

hi there


1. tonny, bingo!
2. specimen blahs via its arse.
3. public housing is leasehold items.
4. what owners, what buyers!
5. the ultimate owner: public housing board, ministry of finance.
6. unfortunately, 60% are in denial *&^%#@#@#

 

[batman1]

Can somebody please stick a dildo in his mouth.Dirty mouth spitting alot of rubbish.

 

[essen]

just wondering... what;s unaffordable to them?

 

[Springtime]

The prices of new HDB flats have gone up by 12 per cent since January 2009

This is about 3 to 4% up a year. How many get 3 to 4% wage increase every year since Jan 2009?

 

[GOD IS MY DOG]

This is about 3 to 4% up a year. How many get 3 to 4% wage increase every year since Jan 2009?

even if wages increase by 3-4%...................the amounts are totally different...............unless your annual pay is as much as the price of a flat !

even if that's the case...............the pay raise must be after CPF and income tax........................

and even if that's the case..........................there's the interests on the home loan to think about.......................


no way incomes can keep pace with flat prices...........................eventually, either new flats' prices will be slashed or very very little new buyers buying very small flats...............

 

[winnipegjets]

The PAP's plan is to eat up your CPF for housing payments until you retire. After that, you have to sell your flat back to them at a huge discount. That way, the PAP will have no liabilities on the CPF since most Sinkees used it up for their HDB flats. The PAP won't want condo and private housings to be affordable because they can't manipulate the CPF when sinkees use the CPF funds to buy those properties.

 

[Cestbon]

Every year cont to build 25k unit per year for next 10 year. It will bring down the price to 2009 price.

 

[kiacaren]

Still affordable??? Gong jiow way.

 

[po2wq]

... "But for the moment, I think I would regard the achievement that we have been able to bring about, ..., as quite an achievement. I think not enough credit has been given to my ministry," Mr Khaw said.

tis burgerz really shamelss, as oways ...

whether iz goot anot is 4 peasants 2 say, not u ... it cud haf been much betta ...

 

[Kinana]

Wow! $60,000 of subsidy! Thats great!

 

[pyshock]

More like overpriced. 佛面蛇心!

 

[Loofydralb]

This guy is absolutely shameless.

He dares use the words, achievement, credit and able in the same sentence to carry his own balls?

He is the cause of housing policy getting all screwed up with cooling measures that don't work and now our kids future is bleak because of him. And we all thought MBT was bad.

KNN mudder farking busterd.

 

[mollusk]

My question is : Affordable until when ?

 

[spotter542]

This Penang kia talking about Penang flats is it ?

 

[chonburifc]

8 dollar cow never said the invisible sentence. Actual words should be "New flats still affordable........over 50 years or more!" Song Boh?