Khaw said 70-years old HDB can appreciate in value!

[atham]

Cow need to go for $8 passby at the expenses / subsidy of the govt/tax payer money in order to save up more just in case should someday he went bankrupt/bust he still hv that savings.. silly excuses isn't it? 理由未免太牽強了吧。always hv excuses for the greedy.
If I own ppl money i rather sell away my hdb than to declare bankrupt n no need to pay. I believe in karma, this life don't pay nx life pay with interest. O$P$ again it's the conscious thingy. Not trying to hide inside hdb n declare bankrupt.
No ppl go bust for nothing, i will face the consequences of what I hv done. I may not be rich, I am at least pround of that little moral I have.

 

[zhihau]

Vast majority of sinkies do not take 30 years to clear their loans. Under old HDB rules, sinkies have to empty their CPF OAs before they qualify for the loan. So, most sinkies would take about 15 years to clear their loan. My wife and I cleared our HDB loan within 12 years.

what's the percentage of the retirees hit the basic minimum sum in the last decade?

 

[winnipegjets]

When my wife and I got our BTO many years ago, we spent about $15000 on renovations and furniture. We didn't have much money then. For renovation, we simply ordered decent tiling, installed grills, had the walls painted and installed basic kitchen cabinets. We left the toilet tiles as they were.

There's no need for sinkies to spend $50,000 on renovations. If they choose to, they can't fault the PAP for that.

$50k renovation for a $500k flat is only 10 percent. If you are going to live in that flat for 20 years or more, that expenditure is not extravagant.

 

[hofmann]

Vast majority of sinkies do not take 30 years to clear their loans. Under old HDB rules, sinkies have to empty their CPF OAs before they qualify for the loan. So, most sinkies would take about 15 years to clear their loan. My wife and I cleared our HDB loan within 12 years.



So you do agree that there are savings. Not bad for a party that has been unfairly labelled as 'Pay-and-Pay'.



By not allowing sinkies to use HDB flats as collateral, HDB owners can never be kicked out of their homes and be made homeless when they go bust. That's why I still keep my HDB flat even though I've moved to a bungalow years ago.

It would be great if HDB released statistics on average loan tenor of outstanding mortgages. The average is 20 odd years amongst those I know of.

Not allowing the HDB to be used as collateral diminishes claims of ownership over a a lease. It is the primary reason I avoided HDB property despite housing grants for first timers.

With a 99 year leashold condo and above, a buyer can unlock her CPF OA monies via cash out loans and this creates liquidity for investments in businesses etc.

This is another impediment to social mobilty and keeps the poor, well... poor. There is no way of unlocking the value of one's HDB flat without selling it.

If I own the asset, I expect to be able to deal with it however I wish.

We should consider allowing HDB owners to pledge a portion of the value of their HDB as collateral for loans, maybe up to 50%. In the event of default, they can still downgrade to a smaller place with the remaining 50% value after foreclosure by the banks.

 

[rushifa666]

Sinkies love traitors. They call people who visit Dr M traitors, but this malaysian traitor can say whatever he wants. Amd sinkies love it

 

[ginfreely]

Good morning John thank goodness you are here because you are one of the few who can appreciate just how good the PAP is when it comes to formulating policy and running the country.

You can thank me too for helping to promote how good hdb is since day one in this forum. That’s eight years long service contribution.

 

[ginfreely]

Sinkies love traitors. They call people who visit Dr M traitors, but this malaysian traitor can say whatever he wants. Amd sinkies love it

Obviously you don’t know the meaning of the word traitor. Those that suck up to foreigners doing harm to Singapore are obviously traitors while those migrating to another country do not make them traitors. Especially when one is MALAYA, one is Malaysia. Totally different countries.

 

[glockman]

Sinkies love traitors. They call people who visit Dr M traitors, but this malaysian traitor can say whatever he wants. Amd sinkies love it

At this point in our history, I am more inclined to believe what oppie politicians and activists say. Because the establishment will say or do anything to stay in power, to protect their lucrative careers, and to throw smoke over contentious issues.

 

[ginfreely]

It would be great if HDB released statistics on average loan tenor of outstanding mortgages. The average is 20 odd years amongst those I know of.

Not allowing the HDB to be used as collateral diminishes claims of ownership over a a lease. It is the primary reason I avoided HDB property despite housing grants for first timers.

With a 99 year leashold condo and above, a buyer can unlock her CPF OA monies via cash out loans and this creates liquidity for investments in businesses etc.

This is another impediment to social mobilty and keeps the poor, well... poor. There is no way of unlocking the value of one's HDB flat without selling it.

If I own the asset, I expect to be able to deal with it however I wish.

We should consider allowing HDB owners to pledge a portion of the value of their HDB as collateral for loans, maybe up to 50%. In the event of default, they can still downgrade to a smaller place with the remaining 50% value after foreclosure by the banks.

Before sinkies ask for hdb to be same benefits as 99 year condo, please pay the same property tax amount and pay conservancy and utilities charges with zero rebates. And don’t ask for bailout like Vers.

 

[ginfreely]

Before sinkies ask for hdb to be same benefits as 99 year condo, please pay the same property tax amount and pay conservancy and utilities charges with zero rebates. And don’t ask for bailout like Vers.

Oh ya my small condo property tax is probably ten times a three room flat property tax. So I pay one year property tax is like hdb sinkies pay ten years.

 

[ginfreely]

Oh ya my small condo property tax is probably ten times a three room flat property tax. So I pay one year property tax is like hdb sinkies pay ten years.

And that’s based on the tax I have been paying of close to 2k a year. How much property tax do hdb sinkies pay when they rent out their 3 room flat?

 

[rushifa666]

Why is ginfreely still not in imh? This is why the country is crumbling

 

[aerobwala]

Don't need so far till the grandson generation. Wrote in statute already flipped infront of your eye brown.

 

[atham]

Lhl is smart to say that sg is a small country n need lands to rebuild flats for the next generation but conveniently left out the part where we pay 100s of 1000 for the flat that conveniently pocketed by the govt.

 

[rushifa666]

Where got need land? Go tk holland village now, my block was demolish for 10 years plus. Dis they build anything?

 

[atham]

Where got need land? Go tk holland village now, my block was demolish for 10 years plus. Dis they build anything?

You are 1 of the lucky 5% kena sers. No complaint lo

 

[virus]

Where got need land? Go tk holland village now, my block was demolish for 10 years plus. Dis they build anything?

it must be infested with Oppies. they managed to get rid of you, else you would hv gotten rid of ms vivian

 

[rushifa666]

Simi sers. I left the shithole

 

[Kopi0Kosong]

Lhl is smart to say that sg is a small country n need lands to rebuild flats for the next generation but conveniently left out the part where we pay 100s of 1000 for the flat that conveniently pocketed by the govt.

Good and valid points highlighted.

There is still plenty of undeveloped state land in Singapore. I have come to not accept what the PAP LEEders say at face value. It's likeLEE to be half-truths and the information cleverLEE controlled to fit or fix their objective. On most occasions, they are Party first.

When can the ALTERNATIVE be competent and professional enough to have its own LEEsearch Unit? No harm in considering this Food for Thought.

 

[Kopi0Kosong]

You are 1 of the lucky 5% kena sers. No complaint lo

Holland Village area is PRIME LAND. It's beside our national Education Belt and future Embassies Row.