Solutions to the HDB madness

[aangsc]

Actually the solution is very very simple-ONLY CITIZENS CAN BUY PUBLIC HOUSING-including HDB resale.

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Agree totally, and it should be rule number 1. Citizen should be differentiate from all other using rule number 1. Otherwise, it just doesn't make sense that we put our boys to defend our assets that are also own by non-citizen who does not need to serve NS.

 

[silverfox@]

A downswing in HDB prices will create even more unhappiness at next election even more so that high COV. For every high COV there is a happy Singaporean selling out.

HDB misread the huge jump in population and so supply not enough. But they were already ramping up HDB dramatically and that should solve the supply issue withing the next 2 to 3 years. Right now they throw in all these rules, prevent FT from buying and then flood the market with supply - they will weaken HDB prices. Really shooting themselves in their foot.

In one move they create unhappiness amongst the 85% that own flats, unhappiness with FTs.

A HDB flat must be low cost enough for new families or new applicants to start up with. Everyone wants to make some money or even profit out of HDB flats. Spiralling prices makes those old timers happy. They buy at 20-30K many years ago and now looking at over 10 times of profit. This generation buy at 400K and can they even look at selling twice that much in future?

I was at a coffeeshop this morning saw this group of elderly talking. There was 1 who mentioned that the policy of disallowing HDB buyers from having private properties overseas. I am not sure where he got the demographics but his explanation was, the HDB are smart. They found out a lot of Malays cashing off their HDB flats in Singapore and use the cash money to buy properties in Malaysia. Back in Singapore, they again buy a HDB flat and borrow max from HDB. Sometimes involving deferment of payment. HDB flats cannot be mortgaged or do any re-financing like pte properties. That's why in order to cash out is to sell away and buy another.

If that is the case, then its really very sad. And I don't think it involves Malays only but also other races as well.

 

[loloba]

A HDB flat must be low cost enough for new families or new applicants to start up with. Everyone wants to make some money or even profit out of HDB flats. Spiralling prices makes those old timers happy. They buy at 20-30K many years ago and now looking at over 10 times of profit. This generation buy at 400K and can they even look at selling twice that much in future?

I was at a coffeeshop this morning saw this group of elderly talking. There was 1 who mentioned that the policy of disallowing HDB buyers from having private properties overseas. I am not sure where he got the demographics but his explanation was, the HDB are smart. They found out a lot of Malays cashing off their HDB flats in Singapore and use the cash money to buy properties in Malaysia. Back in Singapore, they again buy a HDB flat and borrow max from HDB. Sometimes involving deferment of payment. HDB flats cannot be mortgaged or do any re-financing like pte properties. That's why in order to cash out is to sell away and buy another.

If that is the case, then its really very sad. And I don't think it involves Malays only but also other races as well.

Remeber the case of one Malay guy who bought few jumbo flat, how can such things happen?
There is no system to track family nuclear for Malays more so for the Malay PRs. The requirement for PRs is only 2 singles PR and if a family has eight children they can invest four HDB flat .

 

[ChaoPappyPoodle]

A downswing in HDB prices will create even more unhappiness at next election even more so that high COV. For every high COV there is a happy Singaporean selling out.

HDB misread the huge jump in population and so supply not enough. But they were already ramping up HDB dramatically and that should solve the supply issue withing the next 2 to 3 years. Right now they throw in all these rules, prevent FT from buying and then flood the market with supply - they will weaken HDB prices. Really shooting themselves in their foot.
... .

Do you seriously think that they misread the population increase? MBT's job is to earn money for the PAP government. What he did by supplying a few flats was spot on for the PAP!

And now they are not flooding the market. There will be sufficient so that prices will be stable but COV is hard for them to control.

Haiseh! You people really do not understand what the PAP stands for. They do not see it as neccessary for Singaporeans to be economically free. They want as many Singaporeans as possible to work and not think about anything else.

PAP is a fascist political party. They own or control almost every aspect of the economy. Like all fascists, they need a large number of workers to work for the elite in society.

The day you understand fascism is the day you will understand the PAP's policies and actions. It is as simple as that. Stop fooling yourself into thinking that the PAP is like other governments in the world that work for the people.

For fascists, it is the people that work for the government - the workers working for the elite.

 

[ChaoPappyPoodle]

Remeber the case of one Malay guy who bought few jumbo flat, how can such things happen?
There is no system to track family nuclear for Malays more so for the Malay PRs. The requirement for PRs is only 2 singles PR and if a family has eight children they can invest four HDB flat .

For PAP, as long as you can pay, then no problem. The PAP will only go after you if you can't pay your mortgages or conservancy. Like all fascists, this is how they work. Money and power is like a religion to them.

All this is election talk. You have to ask yourself if you believe them and evenif you do, will all this make any difference to how they treat the majority of Singaporeans and the economy and the policies that they implement.