HDB myth or no-myth, you read with eyes open, you decide !

[Tiu Kwang Yew]

1.Case one ---People choosy at BTO, why ? Mappok tan think money is printed at home, be realistic and just buy. Pay 30 years you know. Life time money choose a HDB palace near the rubbish center , or choose a flat cannot see anywhere , everywhere all blocked. Mappok tan must know HDB erect houses for humans not Dogs, even good dogs got better home than local sporns.

2.Case two—use CPF money not money to pay HDB ? Let say one month pay $1300, CPF pay $1290, cash out $10. If you jobless, $10 also no have, hungry for rice! And you pay for 30 years with interest, how much you pay, you count ! HDB cheap ?

3.Case three---HDB grants and subsidy….tock cock lah ! See the discount at shopping mall---50% some more but still no business. Howcome so good discount, no need for rental ? So you see the markup must be 200%. If Mappok Tan say got discount…..see the building costs but please don’t include the land cost becos land is stateland.

4.case 4-High COV---a few high COV is oredi jialat …..but the figure cannot let public see . Local leaseholders got example want to learn example. Remember the hello kitty case, the stupid queue casued many fights…for hello kitty. Then the bubble tea wagon…hahahaha. In the first place, why got COV ? Valuation no pakai, cannot say willing buyer willing seller----people say is agent tokcock ! PAP ministers pay so high cannot tok like that---shame ! COV 10 K also jialat if no money, CPF cannot use for COV , must pay cash !

5.private home owners----why let these people buy HDB to earn money to feed their private place, a few oredi jialat, will cause price to up up like superman !

6.PRs can buy HDB houses---you see even a FT worker become PR can oredi buy HDB public house, public houses for citizens to afford, with 500k aliens to compete----mati lah sinkaporura ! How many buy and rent ????

7.Many more can tock cock to rebut mappok tan.

While we tok about true stories , stupid voters continue to read toilet papers, watch mediapenis programme to get obese, internet cannot save sinkapore lah....wait long long……but there is still a hope.

If Tampenis GRC voters still vote Mappok Tan next GE, confirm they are veri veri stupid , never buy house at tampenis anymore, don’t live with stupid people, sure die of stupidity.

Mappok tock cock about childhood, he think only him got this problem, he should help people now to lessen his karma.
Hello mappok, last time 3 room only $7000 now 300k, last time diploma and graduate got 1.5 k to 3k, now the pay same same 30 years ago and must face Fts somemore, jialat!

Now HDB also got childhood stories---you think it is a myth or a joke

Then build zinc or attap houses , cheaper right !

My england jialat, Mr Tiu is ITE college graduated, cannot write to ST forum sure throw away by the dogs, somebody can write please write to butt the mappok ass.

 

[Tiu Kwang Yew]

Now read this ! Myth or no-myth ?

from 3 in 1 kopitiam

Taiwanese PR offers $50,000 COV for HDB flat

A reader tipped us off that he had received a flyer from a Taiwanese PR offering up to $50,000 cash above valuation (COV) for a unit in his estate:


Such flyers are becoming more common nowadays as the inflow of foreigners continues unabated, thanks to the PAP’s liberal immigration and pro-foreigner policies.

PRs are allowed to purchase resale HDB flats in the open market without any restrictions though they do not qualify for HDB subsidies.

After satistifying the minimal one year residency period, they are free to sell their flats without any additional levies.

As such, there is an increasing number of PRs and Singaporeans who are seeing the value of HDB flats as a form of investments especially those in the prime estates.

Some PRs are quite well to do and they do not mind paying over the market price for HDB flats. Lianhe Wanbao reported last year of an Indonesian PR paying $653,000 for a 4-room resale flat in Queenstown though he could well afford a condominium.

The prices of HDB resale flats grew by 8.2 percent in 2009 while median COVs doubled from $12,000 to $24,000 in the last quarter alone.

Though he admitted he was caught “off-guard” by the sky-rocketing prices, National Development Minister Mah Bow Tan is adamant that PRs are not responsible for the astronomical prices and COVs.

During the parliamentary session this week, PAP MP Mr Inderjit Singh said that though PRs cannot buy new flats, demand by them in the resale market can push up prices and the price of new HDB flats is pegged to that of the resale market. Furthermore, the PRs who rent HDB flats also contribute to rising prices.

Mr Mah replied calmly:

“PRs make up “only” one in five resale flat buyers and have minimal impact on resale prices.”

Despite some measures introduced lately to curb property speculation, the red-hot property market still shows no signs of cooling down.

Recent housing ads posted on online portals had property agents asking nearly $1 million dollars for 5-room flats which are more than 30 years old.

PAP ministers are in agreement that the rising prices of flats help “generate wealth” for Singaporeans and are unwilling to acknowledge the severity of the problem.

At the rate the COVs are increasing, we will soon see median COVs hitting above $50,000 pretty soon.

The Taiwanese family above probably sold their private property at a profit and they look likely to make another killing after selling their HDB flats years later. That will net them enough money to retire quite comfortably in Taiwan if they decided not to take up Singapore citizenship.