CCB DIRTY TRICK Used By ShortARSE For HDB BTO

[ahleebabasingaporethief]

CCB when released quickly announced over subscribed. Create FALSE demand.

Then when the dust settles can release 50% drop out rate.

If I am not mistaken , this DIRTY TRICK is used very often by the largest CONDO builder in the republic. Then 10 years later this property developer still place ads for condos that were deemed "SOLD OUT" ten years ago. CCB.:oIo:

Drop—out rate 50% for selection of BTO flats in 2009

<cite>Channel NewsAsia - <abbr class="timedate" title="Saturday, March 6">Saturday, March 6</abbr></cite>

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<cite class="caption">Drop—out rate 50% for selection of BTO flats in 2009</cite>

SINGAPORE: The Housing and Development Board said that one in two applicants did not book a flat when invited to do so under the Build—To—Order (BTO) system.
National Development Minister Mah Bow Tan revealed this figure in Parliament on Friday. He added that the high application rates for recent BTO launches do not reflect true demand for flats.
Mr Mah noted that 22 per cent of the applications for BTO projects in the last four months are repeat applications from the same households. He gave the example of a recent BTO project, Fernvale Palms, that had just completed selection.
He said: "By the end of the selection exercise just this week, 44 per cent of first—timers who were invited to select a flat declined, did not do so.
"They were given the chance; they went, they saw, they said, ’No, thank you, I don’t want.’ — even when all the flats were available on the first day. 34 per cent of applicants gave up their chance to select a flat."
Members of Parliament, such as Cedric Foo and Cynthia Phua, had questioned if there was a sufficient supply of housing.
Responding to them, Mr Mah said that HDB received nearly 480 appeals in the last six months from home buyers who said they could not get a flat. But he added that only six per cent of these applicants genuinely did not have a chance to choose a flat in at least two BTO exercises in non—mature estates.
Mr Mah said that the government is committed towards helping Singaporeans own their first home. But he urged home buyers to be realistic.
He said: "It is not possible to promise every applicant who buys direct from HDB his ’choice’ flat, at the floor of his choice; at the place of his choice; at the time of his choice; and at the price he wants. Our land is limited, especially in the mature estates. So is our housing budget, generous as it is.
"Buyers have to decide on the tradeoffs they want to make — whether they should keep on trying for their ’choice’ flat, and delay setting up their home, or to settle first for one within their budget and move to a better flat later when they have built up their finances."
— CNA/sc

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[scroobal]

Pure bull. The blame is now on Singaporeans and not on him. For the $$$$$ that is expected to be committed, he wants Singaporeans to accept any flat that he throws out.

The issue is first and foremost affordability. The second is that this is public housing and the priority has to be Singaporeans who have made serious commitments to the country such as National Service.

He should be shot, tarred and feathered and then doused in kerosene before being set alight for avoiding the issues and talking about silly things. Did it ever occur to him that some people who have been invited have declined to pick a flat because of financial reasons.

"It is not possible to promise every applicant who buys direct from HDB his ’choice’ flat, at the floor of his choice; at the place of his choice; at the time of his choice; and at the price he wants. Our land is limited, especially in the mature estates. So is our housing budget, generous as it is.
"Buyers have to decide on the tradeoffs they want to make — whether they should keep on trying for their ’choice’ flat, and delay setting up their home, or to settle first for one within their budget and move to a better flat later when they have built up their finances."
— CNA/sc

 

[1sickpuppy II]

You put your name down to buy a flat 2 years ago but 2 years later when the flat is ready you find that you are not as rich as you are suppose to be to to alot of reasons . Will you still go ahead and buy that flat?

 

[Cestbon]

I think HDB need to reveiw the booking for BTO. Must collect cash min $5K deposit. If the buyer opt out when the unit of the choice available the money/deposit will not be return back.
If the buyer confirm buting the money will use as upfront payment.

 

[Papsmearer]

Cedric Foo and Cynthia Phua questioned whether there was sufficient housing? What TF? These 2 cheebyes should know the answer. Its easy to find out how many the HDB build, 3 years ago, it was only 2700 units. Obviously not enough, mah. Ask this kind of cock questions. What kind of jiak liao bee MPs are they?

 

[Shin Orochi]

Mah on his childhood

Mah on his childhood

05:55 AM Mar 06, 2010
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"When I was young, I lived in various places with my mother, who was a domestic servant. I lost my father when I was three years old, so we moved around a lot; a kampong in Lorong Ah Soo, which has now become HDB flats in Mdm Cynthia Phua's constituency, a shophouse in High Street where MTI and MOF are today, a room in Bugis Street, where Bugis Junction is today.

"There were 10 of us living in that room. We had one bed which slept five. It was raised so that another five could sleep underneath. Then, I moved to Kim Keat Avenue with my aunt and her family - eight of us in a three-room flat, sharing one toilet and bathroom, while my mother stayed in a one-room rental flat in Whampoa Road.

"Later, we upgraded to a four-room flat in Toa Payoh. My story is a typical Singapore story for my generation. Start in a modest flat, work hard, accumulate savings, and upgrade over time. If need be, there is also the option of downsizing to a smaller flat."

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SystemNeedChange
Updated 10:29 AM March 06, 2010

Dear Mr Mah
Thanks for your motivating childhood background story.

With this, I hope you understand and give the help needed by this family:
http://www.temasekreview.com/2010/0...de-on-3-march-2010-due-to-financial-distress/

pcity chan on Sat, 6th Mar 2010 1:09 am


PLEASE HELP THIS FAMILY…..BEFORE IT IS TOO LATE ( FAMILY DISTRESS)
A family of 5 —2 adults and 3 primary school kids staying in cashew road.
Husband on medical leave for the past 2 years and wife works part-time and a caregiver…
HDB WANTS TO DO A COMPULSORY ACQUISITION OF THEIR FLAT AS THEY WERE BEHIND IN THEIR ARREARS.THEIR MONTHLY INSTALLMENT WAS $760/- AT THE POINT OF PURCHASED …BUT THIS FAMILY TOOK ADVICE FROM HDB AND HAVE RENTED OUT THEIR MASTER ROOM FOR $600/-AND ARE TODAY PAYING $900/-… THE FAMILY APPROACH THEIR MP.AND THE FAMILY HAVE ALSO SEND EMAILS DIRECTLY TO MAH BOW TAN OFFICE AND STILL UNSUCCESSFUL……….URGENT APPEAL! CAN ANYBODY OUT THERE PLEASE HELP THIS FAMILY

System have policies and rules but they need not be a fine line dividing, give some grey areas when this is needed.

This may need several applicable governmental agencies to co-ordinate and help. Perhaps a didicated agency can be created so as to co-ordinate and give this help promptly and effectively.