Serious HDB Loft Flat In Queenstown Sold For S$1.39 Million! New Record! Majulah PAP!

[JohnTan]

HDB competing with private developers ? the corrupted company supposed to be building affordable housing for the lower income slaves and those at
the bottom layer of the middle income serfs.

HDB has been competing with private developers since the 1970s.

Private apartments built by private developers has always been much more expensive and smaller than HDB apartments. Given that HDB flats are always oversubscribed during balloting shows how good HDB is.

You're welcome to google for yourself what foreigners think of their own version of public housing, or compare Singapore's public housing policy against that in other places like jiuhu, HK or Taiwan.

 

[countryman]

HDB has been competing with private developers since the 1970s.

Private apartments built by private developers has always been much more expensive and smaller than HDB apartments. Given that HDB flats are always oversubscribed during balloting shows how good HDB is.

You're welcome to google for yourself what foreigners think of their own version of public housing, or compare Singapore's public housing policy against that in other places like jiuhu, HK or Taiwan.

I agree that Sinkapor's public housing is good but on the contrary the prices are not public housing prices!

 

[Majulah]

HDB has been competing with private developers since the 1970s.

Private apartments built by private developers has always been much more expensive and smaller than HDB apartments. Given that HDB flats are always oversubscribed during balloting shows how good HDB is.

You're welcome to google for yourself what foreigners think of their own version of public housing, or compare Singapore's public housing policy against that in other places like jiuhu, HK or Taiwan.

you cannot give a good answer and resorted to avoiding the question , diverting the question by citing comparison to others.
my point is not whether h dee bee housing policy is good or bad . can you read the post again to understand the question.

 

[countryman]

有 影 無 ??


HDB competing with private developers ? the corrupted company supposed to be building affordable housing for the lower income slaves and those at
the bottom layer of the middle income serfs. u mean h dee bee got land at cheap price through land acquisition act , in the name of providing
housing for the low income then contradicted the mission by building mansion for the rich ?

End of the day it still boils down to idiots who are willing to pay 1.35m for a hdb pigeon hole...
Imo, the whole public housing system has to be revamped!

 

[myfoot123]

People think penthouse it good. During hot weather, it was like OVEN without any cushion from above to absorb the heat. Besides, it also mean the dwellers are exposed to more radiation as compared to those staying on ground floor.

 

[JohnTan]

you cannot give a good answer and resorted to avoiding the question , diverting the question by citing comparison to others.
my point is not whether h dee bee housing policy is good or bad . can you read the post again to understand the question.

I answered your questions directly. The only way to know if HDB is doing a lousy job is by comparison to others. And the comparison is by price.

. u mean h dee bee got land at cheap price through land acquisition act , in the name of providing
housing for the low income then contradicted the mission by building mansion for the rich ?

HDB buys the land at market price from the government. HDB doesn't get the land for free or at a pittance.

Ravi Philemon
25 February 2019
The Minister for National Development in responding to a parliamentary question by a Workers’ Party (WP) member, has revealed that the HDB paid $2,000psm for land for public housing in mature estates.

The Minister was responding to WP Member of Parliament (MP) Muhamad Faisal Abdul Manap who asked the Minister:

“from 2015 to 2018, what is the average sale price for land sold to private housing developers and HDB for development of public housing in mature housing estates, respectively.”

The Minister in responding to the WP MP on Feb 13, said:

“The Government sells residential land to private residential developers through the Government Land Sales Programme. For public housing developments, state land is sold to HDB at the market value assessed by the Chief Valuer. The valuation is done in accordance with market conditions and established valuation principles.

Land for public housing has a lower valuation compared to land zoned for private housing. Excluding the Core Central Region (CCR), the average price of land paid for private housing developments bought through the Government Land Sales Programme between 2015 and 2018 was about $7,000psm. In the same period, HDB paid an average of about $2,000psm for land for public housing in mature estates.”

https://sg.news.yahoo.com/hdb-paid-2-000psm-land-115717164.html

 

[JohnTan]

I agree that Sinkapor's public housing is good but on the contrary the prices are not public housing prices!

Singapore's public housing is affordable based on singaporeans' median income. We're not staying in JB or HK or Taipei.

Past data suggest the housing prices of most HDB flats remain affordable. The price-to-annual income ratio remain below four in both BTO and resale public housing markets, based on the Department of Statistics’ latest data on income in 2018 and 2019 housing sale prices.

This figure is 7.21 and 5.83 for new and resale private non-landed housing markets respectively.

The numbers show a healthy level of affordability. A household needs to save four years’ worth of income (including CPF contributions) in order to purchase a new BTO flat, compared to seven years for private, non-landed housing.

https://www.channelnewsasia.com/com...w-enhanced-housing-grant-affordability-854436


In contrast, housing prices in Taipei is over 15 times the median household income, as of Sept 2021.

Improvements in infrastructure and the relative affordability of homes accounted for the changes, it added.

Housing prices in Taipei are approximately 15.54 times the median annual household income, compared with 12.25 times in New Taipei City, the company said, citing first-quarter statistics from the Ministry of the Interior.

Relative housing affordability and the expansion of MRT lines have made New Taipei City a popular choice for residence, the developer said.

Additionally, major shopping malls, department stores and movie theaters have expanded their presence in second-tier locations to take advantage of their newfound population growth, it said.

Taipei’s population shrank by 44,000 people last year, while losing another 19,000 in the first eight months of this year, posing a threat to consumer activity in the long term, the company said.

https://www.taipeitimes.com/News/biz/archives/2021/09/17/2003764478