Khaw - "It's like buying a Leus at Toyota prices"

[Scrooball (clone)]

SINGAPORE: National Development Minister Khaw Boon Wan said the prices of Build-To-Order (BTO) flats have largely stabilised since May last year, especially in non-mature estates.

In parliament on Friday, he said the overall BTO prices have increased by 12 per cent since January 2009.

This is despite the 34 per cent increase in the HDB Resale Price Index (RPI) over the same period.

Mr Khaw said when pricing HDB flats, buyers' affordability is fully considered.

"We take affordability fully into account when pricing BTO flats. New flats enjoy generous discounts off market prices.

On top of that, eligible first-timer households can get up to $60,000 of housing grants. HDB also offers housing loans at concessionary interest rates to help eligible households finance their flat purchase" said Mr Khaw.

He assured that BTO flats remain affordable, with first-timers buying flats in non-mature estates using about 23 per cent of their monthly income to pay for their housing loans.

Giving examples, he said a four room flat in Sengkang can range from S$250,000 to S$310,000, while a five-room flat ranges from S$320,000 to S$385,000.

"Of course people would want even cheaper (flats), but looking at it from a situation that we are facing today, I find these figures very reasonable," said Mr Khaw.

"So that is what we have been trying to do in the last few months, trying to stabilise these BTO prices, but over time, I hope that the resale pricing will become more moderate and then we can adjust our prices again."

 

[I_hv_adream]

Mr Minister Khaw sir,

Please do not say thing like if Singaporean find the HDB pricing is high can consider buying a flat in JB or futher up.

SINGAPORE: National Development Minister Khaw Boon Wan said the prices of Build-To-Order (BTO) flats have largely stabilised since May last year, especially in non-mature estates.

In parliament on Friday, he said the overall BTO prices have increased by 12 per cent since January 2009.

This is despite the 34 per cent increase in the HDB Resale Price Index (RPI) over the same period.

Mr Khaw said when pricing HDB flats, buyers' affordability is fully considered.

"We take affordability fully into account when pricing BTO flats. New flats enjoy generous discounts off market prices.

On top of that, eligible first-timer households can get up to $60,000 of housing grants. HDB also offers housing loans at concessionary interest rates to help eligible households finance their flat purchase" said Mr Khaw.

He assured that BTO flats remain affordable, with first-timers buying flats in non-mature estates using about 23 per cent of their monthly income to pay for their housing loans.

Giving examples, he said a four room flat in Sengkang can range from S$250,000 to S$310,000, while a five-room flat ranges from S$320,000 to S$385,000.

"Of course people would want even cheaper (flats), but looking at it from a situation that we are facing today, I find these figures very reasonable," said Mr Khaw.

"So that is what we have been trying to do in the last few months, trying to stabilise these BTO prices, but over time, I hope that the resale pricing will become more moderate and then we can adjust our prices again."

 

[godiva]

Mr Minister Khaw sir,

Please do not say thing like if Singaporean find the HDB pricing is high can consider buying a flat in JB or futher up.

He may one day just say this. Don't bet on it.

 

[drifter]

Actually we can not blame him for being "kuai lan", in the whoreofapress report, they interviewed one "haolian" one that says the 2mil is affordable & a good bye..oops! buy!. Buying the EC unit for his son, who will be returning from his studies overseas...the future PxP candidates??who will tell you in the future, " I am what I am " & his humble beginnings from the shores of kallang river..( so to speak).

We shall see, when a 'tsunami' of a market crash...see, if that 2 million dollars EC is cheap & affordable.."haolian"!!

No excuses for him !! How many sinkies can afford 2mil ? The one interviewed might be PAP Por lumpar !! Or want to show off to his friends ...knnbccb !!!

 

[Kohliantye]

No excuses for him !! How many sinkies can afford 2mil ? The one interviewed might be PAP Por lumpar !! Or want to show off to his friends ...knnbccb !!!

There is a possibility that he could be one of those few lucky ones who got TOTO jackpot price in the millions.

 

[drifter]

There is a possibility that he could be one of those few lucky ones who got TOTO jackpot price in the millions.

Even if ppl so lucky to strike toto ... He won't be so stupid to spend mils on HDB !!!

 

[halsey02]

Even if ppl so lucky to strike toto ... He won't be so stupid to spend mils on HDB !!!

You have 2 million now..would you buy anything in SINgapore that has a "PxP" Stamped on it, if you have the choice??

 

[Froggy]

You have 2 million now..would you buy anything in SINgapore that has a "PxP" Stamped on it, if you have the choice??

I will fuckoff from Singapore for sure.

 

[orbin]

I will fuckoff from Singapore for sure.

Lexus are good cars, their models are getting more and more exciting especially the current GS. Has anyone seen the National Geographic Megafactories series? Recently they showed Lexus' LFA factory. Very cool stuffs these Japanese created not just the car but the technology behind the car. I wish to own a Lexus one day. Think got to join PAP.

 

[GoldenDragon]

Story I heard was that a senior banker with surname Tan approached the car dealer as he wanted to be the first owner of a Lexus in S'pore. He was told then that it can't be because LKY already owned one. It was sometime in 1992 or 1993.

Not aware of what you wrote but thanks for the info.

 

[kingrant]

Dont have to use car analogy. Just tell us whether we can buy HDB flats at JB prices.

 

[drifter]

You have 2 million now..would you buy anything in SINgapore that has a "PxP" Stamped on it, if you have the choice??

Of course not ! I rather spend my money in somewhere else . I won't be Robert chai .

 

[halsey02]

Dont have to use car analogy. Just tell us whether we can buy HDB flats at JB prices.

He is from Penang, whether we can buy HDB at Penang's prices will do...

 

[Kuailan]

"And if I may give an analogy, it's like offering you a Lexus at a Corolla price," he told Parliament."
This proofs the man is outdated. Nobody uses the word Corolla anymore.

$8.00 minister talking cock!!! with Toyota Altis price in Singapolan you can get a Lexus in Ozzie and Canada,
NOT IN SINGAPOOOR!!!! You wait Long Long this gahmen give Lexus for Altis Price!
and still have balance pocket money in your fat wallet!! we are all suck by our greedy gahmen COE, PARF, ARF
Custom duty, ROV taxes...just imagine $15 Altis you pay $138K !! WTF!!!

Remember the last time gahmen say you must buy a scrap car in order to buy a new car??
PARF and ARF remember? now they make it obsolete, but added into the ROV billing system
added into your car prices!!!~

 

[looneytan]

Lucky it wasn't TOYOPET

Don't laff leh, uncle

it's still around in Japan

 

[Froggy]

Hey guys, I think its enough liao la. Stop all criticism of this Khaw guy la, he already had 1 bypass you all want to give him another one is it? $8 ok?

 

[blackmondy]

Fucking chee-bye penang cow's $8 heart surgery is like buying Rolls-Royce at Chery QQ's price.

 

[Kohliantye]

Don't laff leh, uncle

it's still around in Japan

Use to see it on our roads in the 60's. Cute little car. Engines sounds like a motorcycle.

 

[blissquek]

If KBW had acted before the sale of the 2m EC took place, ok. To act after being 'exposed', that is embarrassing. We are paying him too much.

Yes...coming to the point...he must show leadership...and not to clear up the shit after the debacle...

Why pay someone so much when he cannot do the job..?

 

[blackmondy]

Yes...coming to the point...he must show leadership...and not to clear up the shit after the debacle...

He hardly has any Lee-the-shit qualities....