Buyer was shocked New BTO flat in Tiong Bahru costs $750K after grant

[makapaaa]

Buyer was shocked New BTO flat in Tiong Bahru costs $750K after grant

STOMPer Popo was shocked to learn that a new BTO flat at Tiong Bahru is priced at $750,000 even after subsidy and grant, and wondered why Singaporeans blame foreigners for soaring housing prices.

Said the STOMPer:

"I am shocked to learn that among new BTOs released recently, a five room flat at Tiong Bahru is priced at S$750,000.

"Please note that this is the price of a new flat inclusive of subsidy and HDB grant.

"Imagine, if you bought this flat at 750k, what price will you sell this flat after five years?

"Yet, people blame soaring house prices on Permanent Residents (PRs).

"Is this fair?

"An ancient Chinese saying that goes 'when you want to put blame on someone, there are a thousand and one excuses' best explains this situation."

This is not the first instance in which a member of the public has been surprised by the high cost of things in Singapore.

Recently, STOMPer Kacy was amused after reading a report about a man who was selling his licence plate for $1 million.

And the sale of a Housing Board executive maisonette at Block 149 Mei Ling Street for $1 million became a talking point among Singaporeans.


​

 

[Received_by_Kings]

Tiong Bahru is considered a prime area and of course a new customized flat there wouldn't be cheap.

The STOMPer should blame himself and his own retardation for his uselessness in getting it, and get STOMPed to death.

 

[ReceivedByShits]

Tiong Bahru is considered a prime area and of course a new customized flat there wouldn't be cheap.

The STOMPer should blame himself and his own retardation for his uselessness in getting it, and get STOMPed to death.

Kiddo like u know shit so shut the fuck up.

 

[Received_by_Kings]

ReceivedByShits poor, old, ugly, dumb and useless.

Disgrace of Singaporeans and a bastard worthless peasant Sporn to boot.

He probably has to work at Desker Road overtime everyday for maybe three to five years to afford a customized FLAT in Tiong Bahru hahahahhahahahaha USELESS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

[oppoibchief]

fuck pap...a bunch of cheats

 

[bushtucker]

the stomper is a PR who is trying to defend himself?

 

[Cruxx]

World's most expensive public housing. Majulah PAP!

 

[laksaboy]

World's most expensive public housing. Majulah PAP!

Probably also the world's only public housing where you have to pay a hefty sum to get upgrades, or have upgrades withheld if you voted for the wrong political party.

 

[halsey02]

We DESERVE IT

 

[Cestbon]

Stomper really stupid.
Pinnacle Duxton some one give clue that it will worth $3m.

 

[chonburifc]

Probably also the world's only public housing where you have to pay a hefty sum to get upgrades, or have upgrades withheld if you voted for the wrong political party.

And probably the world's only place where "stablise" and "easing" means price increase.

http://business.asiaone.com/Business/My+Money/Property/Story/A1Story20120603-350286.html

Housing crunch easing: (Guess Who Said These??)

SINGAPORE - The Government hopes to ease the public housing crunch gradually, The Straits Times reported.

National Development Minister (Guess who) told The Straits Times that recent moves to ease the housing crunch are working but "we are not out of the woods yet".

In the past year queues for new HDB flats have reduced and prices have stabilized. About 85 per cent of first-time home buyers were successful in their bids in November 2011 launch of new flats.


This is up from the 45 per cent success rate in May 2011. More couples were also made eligible to buy new flats when the joint income ceiling was raised to $10,000 from $8,000.

Mr Khaw is also keeping a watch on the mass marketing of shoebox units that are 500 sq ft or less, while private home prices in the central region are also moderating.

Mr Khaw gave this assurance: 'Having gone through many (property) cycles, I can only advise and remind that things don't go in a straight line.'

The Straits Times also reported that prices of new flats have increased by one to two per cent since the May 2011 General Election.

[email protected]

 

[Char_Azn]

I can't find any BTO for Tiong Bahru on the HDB website. When did this BTO took place?

http://www.hdb.gov.sg/fi10/fi10321p.nsf/w/BuyingNewFlatFlatsonOffer?OpenDocument

Can't find anything on Tiong Bahru. Closes ones are at Telok Blangah and Depot Road which is nowhere near 750K