$8 Khaw: "We need to proctect 80,000 landlords, so HDB will not build more flats."

[Confuseous]

The Govt cannot build more flats( part 2)


Even if there is genuine demand for more flats, the Govt, according to Boon Wan, will not build more flats as this will affect some 80,000 owners who are living on rental income. Is this an important reason not to build flats for those who need them? Another possible reason, build more flats will bring down prices. Is this also another reason not to build enough flats to meet the demand?

What is the mission of HDB? To build flats to provide an income to the owners? To build flats and to ensure the prices will not fall? Or to build flats so that the citizens will have a roof over their heads?

But the Govt will build more flats for more people that are going to be imported to increase the population to 6.9m. And it is going to build several hundred thousand units for this purpose. So opposition better don’t speak up against having more foreign workers to build these flats.

Is Boon Wan meddling with the supply and demand of flats and the market forces? Is it not the Govt’s top priority to build flats for its citizens to live in, have babies, to bring up a family? The rental income cannot be a major concern, and some price fluctuation due to market forces must be a natural order of things. Why is this preoccupation to support and prop up property prices to disadvantage and victimize genuine home buyers? The current property prices are abnormally high and need to be lowered by balancing the supply and demand and definitely not by curtailing its supply.

What kind of logic is this? The interests of the young home buyers and genuine home owners are expendable so that others can get higher rental income or be happy cause their property prices remain high on paper?

What do you think?


Posted by Chua Chin Leng aka redbean at 9:43 am

 

[kt88_2]

Re: $8 Khaw: "We need to proctect 80,000 landlords, so HDB will not build more flats.

I agree if they can stop all PRs from renting out.as there r so many ah neh ,china n malaysian rent out without declaring n worse is,so many stay in their own country n rent out illegally,rental also never declare.Wors is some rent out rooms n also never declare rent collected while working here.knn, pap wakeup,if u talk abt sngaporeans nterest,pls flush out these illegal rental.cancel their PRs don give chance ,don be like michael everyfay screw laura n NEVER work.Confiscate their unit,put it out n th market for sngaporeans that cant afford,selk them cheaply as it us a confiscatd unit,benefit the singaporeans that cant afford.AS these,lawless PRs had already BEnefit so much from us.

 

[Scrooball (clone)]

Re: $8 Khaw: "We need to proctect 80,000 landlords, so HDB will not build more flats.

PinnoKhaw is getting more embarrassing as days go by. The job of the govt is not to protect those imbeciles who mostly want to earn a passive income. It is to ensure that the market is not over heated, and ensure 'fair' pricing.

 

[Semaj2357]

Re: $8 Khaw: "We need to proctect 80,000 landlords, so HDB will not build more flats.

Never knew that dependence on rental income for these 80K dwellers was a way of making a living, mmm food for thought.
That's one heckava lot and I think they mitigate this by just allowing singles to buy only 2-roomers.

 

[Scrooball (clone)]

Re: $8 Khaw: "We need to proctect 80,000 landlords, so HDB will not build more flats.

If population white paper goes through, why worry for the 80,000 rental? No 6.9 million. PinnoKhaw needs to stop playing SimCity and do some actual work.

 

[Bigfuck]

Re: $8 Khaw: "We need to proctect 80,000 landlords, so HDB will not build more flats.

Rental income is key to creating the yield of a property that will in turn raise property prices. If supply is suddenly increased, rentals could drop by 50% and this will result in all property prices to drop, accordingly. Then the bonus of Leegime for the year will also drop.