Kelvin Seet's Letter on HDB prices

[DOM the Clown]

hdb flat also liability leh.. so my comparison is valid..

Bro,
You're wasting time on a ninja turtle.........
Regards,
DOM

 

[sleaguepunter]

No matter what,if all have noticed half of your housing loan is paying for the interest. when you got the keys after paying deposit, they will wipe out your CPF for the installment. At the end let said a HDB that cost you 200k, you will end up paying more than 400k after the whole course which was more than 100% of your buying price.
So the morale of this one strategic by the PAPies was to retain your CPF for confirm payment and you gor to slave like dog for your repayment. Best of all, after you complete the installments at around retire age HDB has get back the $$$ and you left with another 60 yrs afterwhich the HDB can get back the Unit. 99 yrs mah....
So think of it who will get the last laugh.

Which is another reason why ppl want to upgrade to pvt condo, especially freehold. In fact i already looking out for freehold properties. With prices expected to fall, can pick up a bargain.

 

[Porfirio Rubirosa]

TOC 72) BL on December 17th, 2008 11.28 am

Ignatius Lourdesamy from HDB replied in My Paper today that using the market rate is the fairest way to price flats.

And he exhorted all of us to go and look at the HDB annual reports for the last three years in which the laudably compassionate and generous HDB had incurred average annual deficits of S$530 million in subsidising ungrateful buggers like us in its home ownership programme.

It wouldn’t be fair for us to continue slamming the PAP or HDB, and as citizens of Singapore who have to do our part for nation-building, and coffers-enriching for some selected people, let us continue to pay and pay.

Pay your last living cent away, mortgage your life away, watch all the semblance of dignity seep out of your membrane - as we build a democratic society based on justice and EQUALITY.

 

[zhihau]

Pay your last living cent away, mortgage your life away, watch all the semblance of dignity seep out of your membrane - as we build a democratic society based on justice and EQUALITY.

heheh... i'm sure Sinkies will continue to pay and pay. Li Ao is right.

and i'll choose not to pay upfront rentals to the HDB :p

 

[shelltox]

in the 60's my father earn 350 a month but manage to raise 13 of us on his meagre salary. Learn to live within your means, youngster nowadays like to live on their own dont like to stay with their parents. They could raise a family easily if they opted to stay with their parents.

 

[cleareyes]

The HDB itself had stopped building the larger 1200 sq ft 5-room and 1400 sq ft Executive flats. Current prices of 1000 sq ft 4-rm HDB new flats range from $200,000 (in Senkang) to $400,000 (in Telok Blangah) and up to the whopping $590,000 (in Boon Keng, under Design, Build and Sell Scheme by private developer).

Actually his figures is not very correct.

The highest value I have come across at Boon keng was $690k for a 119 sq metre unit.

but having said that, I would say this is a quite a well written piece and the problem singaporean facing in havong their own place to stay is killing singaporeans.

No one knows what is the actual value of our flats and since HDB controls the market, they can price anything they want and no one will be able to find out the actual cost.

I would say this is a good theme to be used as platform for the nxt GE by the opposition.

 

[littlefish]

in the 60's my father earn 350 a month but manage to raise 13 of us on his meagre salary. Learn to live within your means, youngster nowadays like to live on their own dont like to stay with their parents. They could raise a family easily if they opted to stay with their parents.

My friend, you are forgetting something called progress and social change. Minimum living standards need to keep rising otherwise we would all have stagnant lifestyles. Maybe in the 60s they can cram many people into one small room (privacy/independence is now simply a minimum standard). Do you want us all to move back to such living standards that we now consider third-world? Every human being yearns for a better lifestyle (at least the normal ones do) and an even better one for their offspring. If there is no progress to look forward to, then we are all living without hope.

 

[dysentry]

<table style="width:auto;"><tr><td><a href="http://picasaweb.google.com/lh/photo/D_j7dJtp--VA1BJqtjCMhQ"><img src="http://lh5.ggpht.com/_c9_vYrwNxx4/SOdlBl53kpI/AAAAAAAAABI/Br4kYxYvG8s/s800/govtsgbest.jpg" /></a></td></tr><tr><td style="font-family:arial,sans-serif; font-size:11px; text-align:right"></td></tr></table>

 

[zhihau]

<table style="width:auto;"><tr><td><a href="http://picasaweb.google.com/lh/photo/D_j7dJtp--VA1BJqtjCMhQ"><img src="http://lh5.ggpht.com/_c9_vYrwNxx4/SOdlBl53kpI/AAAAAAAAABI/Br4kYxYvG8s/s800/govtsgbest.jpg" /></a></td></tr><tr><td style="font-family:arial,sans-serif; font-size:11px; text-align:right"></td></tr></table>

that dress... was it inspired by "Finding Nemo"?

 

[KSeet]

Hi all,

Hmm...I think there's a misunderstanding here. I did not write the letter. I reproduced it from a CNA Market Talk website on to EDMW website. I declared that it was not written by me in the EDMW thread:

http://forums.fuckwarezone.com.sg/showthread.php?t=2159071

As you can see in Post #2.

It's a good letter but I do not know the source.

Thanks!