Crowds turn up in Bishan HDB showflat

[Conan the Barbarian]

$739K per flat, Hahaha

Channel NewsAsia - Saturday, November 1SINGAPORE: Despite the economic slowdown, some 1,000 people checked out the showflat in Bishan under the Housing and Development Board’s (HDB) Design, Build and Sell Scheme on Friday.

ADVERTISEMENT


Called Natura Loft, it is the fourth project under the scheme.

A five—room unit costs up to S$739,000. It is priced at an average of S$525 per square foot, which makes it one of the most expensive units under the scheme so far.

The flooring features the use of bamboo wood, which is more environmentally—friendly than parquet.

The three blocks planned at Bishan Street 24 will comprise 480 units.

Eighty people had signed up by the end of Friday.

The director of SLP International, Jack Liew, who is also the marketing agent for Natura Loft, said: "HDB flats are still a basic need... for everyone. The demand will still be there.

"We still have a very good feeling that people will still buy, because it’s HDB. And thanks to the subsidies and grants given by the government, the response should still be very good." — CNA/yt

 

[Bigfuck]

To check what kind of fuck is worth S$739,000, more than the lifetime income of a typical Singaporean or they thought can get first meal of the day for free.

 

[makapaaa]

>>>The flooring features the use of bamboo wood, which is more environmentally—friendly than parquet.<<<

Fcuk up quality, but charged at premium price?

>>>Eighty people had signed up by the end of Friday.<<<

"New" citizens? No NS, but eligible for "subsidies", etc.?

 

[zhihau]

$739K per flat, Hahaha

99 years and all comes to naught... i wonder if these folks do their sums? planning to sell at a higher price? i wish them good luck

 

[dysentry]

Fools and their money are soon parted.

 

[jw5]

Fools and their money are soon parted.

It's only because they haven't lost their jobs.....................yet.
Discuss again in 1 year's time.

 

[Conan the Barbarian]

Even if they have jobs, with a $8K income limit, they will be hard press even if they do make $8K.

 

[zhihau]

It's only because they haven't lost their jobs.....................yet.
Discuss again in 1 year's time.

civil service will get job cuts or not?

 

[Harry Lee]

I will buy if I am eligible....... ( cannot buy since I have private property)

In the long term, only property can stand up to inflation. 25 years from now, that flat will fetch several million dollars....

Look at this example : In 1975, a five rm flat in Marine Parade costs $35K. No one wanted to buy because it was too expansive and the flat wpuld likely sink into the reclaimed land.

33 years later, they are being sold at $ 600-800K even with the lease reduced to 66 years only.

In 33 years time, buyers of Bishan will laugh their way to the bank while the rest of us can just lau-nua.....

 

[jw5]

civil service will get job cuts or not?

Dunno about civil servants jobs and pay, but ministers' jobs and pay should be safe.

 

[Conan the Barbarian]

I will buy if I am eligible....... ( cannot buy since I have private property)

In the long term, only property can stand up to inflation. 25 years from now, that flat will fetch several million dollars....

Look at this example : In 1975, a five rm flat in Marine Parade costs $35K. No one wanted to buy because it was too expansive and the flat wpuld likely sink into the reclaimed land.

33 years later, they are being sold at $ 600-800K even with the lease reduced to 66 years only.

In 33 years time, buyers of Bishan will laugh their way to the bank while the rest of us can just lau-nua.....

That is if the salary grows as well in tandem with the price increase.

Also 33 years ago, HDB flats were actually subsidised.

There are freehold property , 2 yr old condos about 1200 sq ft going for slightly above $700K, about the same. Which is actually a much better buy both for investment and lifestyle.

If everthing goes up as planned, the one laughing to the banks will be the more astute ones.

 

[The_Latest_H]

To check what kind of fuck is worth S$739,000, more than the lifetime income of a typical Singaporean or they thought can get first meal of the day for free.

$739k is enough to get you a freehold, single storey house with 3-4 bedrooms, 2 bathrooms/toilets and a nice garage to put your Toyota in, if you're in Perth.

Compared to a pigeonhole that's on a 99 year lease, you know who's the winner.

 

[High till Dry]

in the next few months valuation will set to drop esp the high end condos.

let's wait and see...

 

[Bigfuck]

That is if the salary grows as well in tandem with the price increase.

Also 33 years ago, HDB flats were actually subsidised.

There are freehold property , 2 yr old condos about 1200 sq ft going for slightly above $700K, about the same. Which is actually a much better buy both for investment and lifestyle.

If everthing goes up as planned, the one laughing to the banks will be the more astute ones.

Wat cock u toking. Refer to GCT parliamentary and budget speech 2003. We cannot pay our goondus higher than 1st world, or we not competitive. 9-11 and SARs show us white collar job can be lost to 2nd and 3rd world country if high salary. Exception is goondu civil service. Moronic talk. Dont even bring in as much money as ibanker during good times. Look at the government rubbish u know they cannot lie properly.

 

[makapaaa]

I will buy if I am eligible....... ( cannot buy since I have private property)

In the long term, only property can stand up to inflation. 25 years from now, that flat will fetch several million dollars....

Look at this example : In 1975, a five rm flat in Marine Parade costs $35K. No one wanted to buy because it was too expansive and the flat wpuld likely sink into the reclaimed land.

33 years later, they are being sold at $ 600-800K even with the lease reduced to 66 years only.

In 33 years time, buyers of Bishan will laugh their way to the bank while the rest of us can just lau-nua.....

This is possible cos there are still Sporns living in Spore. At the rate Sporns are emigrating and refusing to reproduce, who would buy the lan cheow pigeonholes 33 years from now?

 

[zhihau]

This is possible cos there are still Sporns living in Spore. At the rate Sporns are emigrating and refusing to reproduce, who would buy the lan cheow pigeonholes 33 years from now?

PRs and FTs?

 

[zhihau]

Dunno about civil servants jobs and pay, but ministers' jobs and pay should be safe.

one thing for sure, civil servants should always remind themselves they serve the public, not any political party :p:p:p

 

[ahbengsong]

Channel NewsAsia - Saturday, November 1SINGAPORE:

Called Natura Loft, it is the fourth project under the scheme.

A five—room unit costs up to S$739,000. It is priced at an average of S$525 per square foot, which makes it one of the most expensive units under the scheme so far.

The director of SLP International, Jack Liew, who is also the marketing agent for Natura Loft, said: "HDB flats are still a basic need... for everyone. The demand will still be there.

"We still have a very good feeling that people will still buy, because it’s HDB. And thanks to the subsidies and grants given by the government, the response should still be very good." — CNA/yt

The propaganda is getting worse each day.. to the extent of nauseous stage... average $525 per sq foot... how many ordinary singaporeans can afford a $525,000 (for 1000 sq foot unit).. and yet the Jackass Liew can say HSB flats are still a basic need... i expect better trained dogs from pap...

 

[ahbengsong]

I will buy if I am eligible....... ( cannot buy since I have private property)
In the long term, only property can stand up to inflation. 25 years from now, that flat will fetch several million dollars....
Look at this example : In 1975, a five rm flat in Marine Parade costs $35K. No one wanted to buy because it was too expansive and the flat wpuld likely sink into the reclaimed land.
33 years later, they are being sold at $ 600-800K even with the lease reduced to 66 years only.
In 33 years time, buyers of Bishan will laugh their way to the bank while the rest of us can just lau-nua.....

Before 33 years... these people will be out of jobs and jumping from hdb flats... it is the same as the CPF money... why can't the people withdraw a small amount each month to survive through hard times ??.. so the pap has the right to starve or force people to death while using their cpf as cheap loans for their failed ventures ??

singaporeans... its your money at stake...

 

[Conan the Barbarian]

Before 33 years... these people will be out of jobs and jumping from hdb flats... it is the same as the CPF money... why can't the people withdraw a small amount each month to survive through hard times ??.. so the pap has the right to starve or force people to death while using their cpf as cheap loans for their failed ventures ??

singaporeans... its your money at stake...

Yes, they have the right. Its a right given by the majority of the SIngaporeans every 5 yrs or so.

If they do not care, why should we. Just make the best use of the situation to maximize the hand we are dealt with by these people.