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MBT:New Classification of Low Income Sporeans=$5000 Salary and Below Per Month.Cheaper,Better,Fast.

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Old 04-03-2011, 12:30 PM   #1
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MBT:New Classification of Low Income Sporeans=$5000 Salary and Below Per Month.Cheaper,Better,Fast.

Wow, now people earning $5000 and below can buy 3 room flats. Jump from $3000 last time.

3 room flats were design to give basic housing to low income groups. This is HDB definition.

MSM try to make it sound nicer by saying $5000 is middle-income.

Does this mean people earning $5000 and below the New Poor ??

Lots of university graduates now realise after so many years of study and work, they are still low income.

5 more years, another jump and people earning $7000 and below will also become low income Singaporeans.

Cheaper,Better, Faster is really happening now.

Is this the standard of living you voted for ??

More Good Years

This is not propaganda or pessimism but true reality.

Somebody said in TODAY paper, another 5 more years and you will be jobless because FT will replace you.

Welcome to New Singapore.



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http://www.straitstimes.com/Breaking...ry_641276.html


Mar 4, 2011

PARLIAMENT
Buying HDB flats: Easier, more affordable

Shorter wait, higher income ceiling, more flats to choose from

By Esther Teo


More low- to middle-income home buyers will have a chance to buy affordable three-room flats, as part of sweeping changes to the Housing Board's (HDB) build-to-order (BTO) scheme. -- ST PHOTO: ALPHONSUS CHERN

MORE low- to middle-income home buyers will have a chance to buy affordable three-room flats, as part of sweeping changes to the Housing Board's (HDB) build-to-order (BTO) scheme.


There will also be more flats of all sizes on offer in the first half of the year, and buying them will be a breezier affair with processing time cut by half.

Announcing this in Parliament on Thursday, National Development Minister Mah Bow Tan said that the monthly household income ceiling for three-room standard flats will be raised from the current $3,000 to $5,000.


The change will be implemented starting with the recent BTO flat launches in Sengkang and Bukit Panjang, but will also apply to all non-mature estates such as Bukit Batok, Yishun, Jurong West, Woodlands, Punggol and Hougang.


This will provide first-time buyers with a wider choice of affordable flats, said Mr Mah. According to the latest census, about 20 per cent of resident households in Singapore have a monthly income of between $3,000 and $5,000.


'These people have previously been forced to buy a four-room or larger flat, which may be stretching their budget, especially considering the substantial price difference between three-room and four-room BTO flats,' said Mr Adam Tan from real estate agency PropNex.


Read the full story in Friday's edition of The Straits Times.
esthert@sph.com.sg



Changes at a glance


NEW BUILD-TO-ORDER (BTO) FLATS

Income ceiling for buyers of three-room standard flats in non-mature estates raised from $3,000 to $5,000.

14,000 new flats to be launched by mid-year, up from 11,000 announced earlier.

Application time cut from nine weeks to four weeks


LOW-INCOME HOUSEHOLDS

Special Housing Grant of up to $20,000 to help them buy new flats.

Waiting time for a rental flat cut from 21 months to eight months.


UPGRADING

Home Improvement Programme to be accelerated.

More lifts to be upgraded.

Town centres to be rejuvenated.




http://www.straitstimes.com/Breaking...ry_641276.html
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Old 04-03-2011, 01:19 PM   #2
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When people could not buy, you make noise.
When people could buy, you make noise.

You make noise.
You must be CSJ himself.
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Old 04-03-2011, 01:53 PM   #3
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you also know how to twist words arh???

some people say they dun need such big house (4rm) and want smaller place... thus want 3rm from HDB otherwise they go inflate resale market...

like that means low income is 5k??? So if rental Flats are made available for people earning up to 10k a mth then low income is 10k lor??

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Old 04-03-2011, 01:53 PM   #4
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Misleading. It's not individual income of $5000. It's household income of $5000. A vast difference.
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Old 04-03-2011, 02:05 PM   #5
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$2500 per person, hubby and wife. Not rich ah...

It's a good initiative, but a bit overdue IMO. 3k jump to 5k is alot, they should make income ceiling weighted along the years instead of big jumps. Even so for the 8k ceiling for bigger flats, time to adjust IMO...
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Old 04-03-2011, 03:15 PM   #6
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I remember for a while, in the '90s, govt decided to stop building 3 rm and smaller flats, citing low demand--a result of growing affluence among citizens (who hence could easily afford 4rm and bigger flats)..

But now, not only has govt started building 3 rm and smaller flats again, it has also raised the income ceiling to $5,000--which happens to be the median household income in Singapore currently..

Alas, last time a middle-class family (with median household income range) could easily afford 4 or 5 rm flats without taking up hefty/lengthy housing loans. Now if such family doesn't want to be saddled with hefty loans, they can only opt for 3-rm flats..
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Old 04-03-2011, 03:52 PM   #7
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I remember for a while, in the '90s, govt decided to stop building 3 rm and smaller flats, citing low demand--a result of growing affluence among citizens (who hence could easily afford 4rm and bigger flats)..

But now, not only has govt started building 3 rm and smaller flats again, it has also raised the income ceiling to $5,000--which happens to be the median household income in Singapore currently..

Alas, last time a middle-class family (with median household income range) could easily afford 4 or 5 rm flats without taking up hefty/lengthy housing loans. Now if such family doesn't want to be saddled with hefty loans, they can only opt for 3-rm flats..
so essentially instead of lowering the price of new HDB flats, govt is asking citizens to buy smaller units then?

if the median household income is $5k, doesn't that mean the govt expects half of its pop to stay in 3-rm flats or even smaller?
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Old 04-03-2011, 05:13 PM   #8
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so essentially instead of lowering the price of new HDB flats, govt is asking citizens to buy smaller units then?

if the median household income is $5k, doesn't that mean the govt expects half of its pop to stay in 3-rm flats or even smaller?
When HDB prices goes up more, $5k might even qualify to get a 1rm rental flat. If you cannot afford rice, you can always eat Instant Noodles. If you cannot afford Public Transport, you can always walk or ride bicycle to work. Govt always provide us with lots of choices, thats why they are worth millions.
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Old 04-03-2011, 06:22 PM   #9
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guess when the HDB is considered the biggest speculator.... there is no point in waiting for the prices of HDB flats to come down since they can always come up with some excuse about resale flats (no valuation is one thing, desperate buyers can still COV gaogao)
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Old 04-03-2011, 06:48 PM   #10
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so essentially instead of lowering the price of new HDB flats, govt is asking citizens to buy smaller units then?

if the median household income is $5k, doesn't that mean the govt expects half of its pop to stay in 3-rm flats or even smaller?
inflation in disguise lah, just like soft drink giuzhui from 330ml to 300ml... but sell u at same price.
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Old 04-03-2011, 06:50 PM   #11
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you also know how to twist words arh???

some people say they dun need such big house (4rm) and want smaller place... thus want 3rm from HDB otherwise they go inflate resale market...

like that means low income is 5k??? So if rental Flats are made available for people earning up to 10k a mth then low income is 10k lor??

Your twisting skills also quite good. Then ask yourself again, why is there a need for segregation of income for the purchase in the first place?
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Old 05-03-2011, 12:21 AM   #12
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so now instead of allowing the HDB artificial market to collapse, they force people to buy smaller flats?
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Old 05-03-2011, 03:07 AM   #13
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No, they did not force, they allow.
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Old 05-03-2011, 08:59 AM   #14
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ha~ha
they still allowing FT to buy public housing
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Old 05-03-2011, 09:07 AM   #15
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I remember for a while, in the '90s, govt decided to stop building 3 rm and smaller flats, citing low demand--a result of growing affluence among citizens (who hence could easily afford 4rm and bigger flats)..

But now, not only has govt started building 3 rm and smaller flats again, it has also raised the income ceiling to $5,000--which happens to be the median household income in Singapore currently..

Alas, last time a middle-class family (with median household income range) could easily afford 4 or 5 rm flats without taking up hefty/lengthy housing loans. Now if such family doesn't want to be saddled with hefty loans, they can only opt for 3-rm flats..
so essentially instead of lowering the price of new HDB flats, govt is asking citizens to buy smaller units then?

if the median household income is $5k, doesn't that mean the govt expects half of its pop to stay in 3-rm flats or even smaller?
When HDB prices goes up more, $5k might even qualify to get a 1rm rental flat. If you cannot afford rice, you can always eat Instant Noodles. If you cannot afford Public Transport, you can always walk or ride bicycle to work. Govt always provide us with lots of choices, thats why they are worth millions.
I guess it's alright if the 3-rooms are of Swiss standard

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