Why aren’t government doing anything about the crazy hdb prices?

[Iamnobodyla]

Why no cooling measures etc ?
They seriously think it is fine?

 

[Pyromaster]

Whats crazy about it?

 

[sanukboy]

Like LKY used to say...
"What's wrong with more money?"

And the huge revenue it generates to help pay
for the salary of our highest paid ministers in the world.

 

[Shion]

I am guessing because prices will still go up no matter what.

 

[Medicated Oil]

They are making more money with smaller prison cells.
And the residents will become tied to it for life.
Why not ?

 

[20kjinsatki]

Because it's not crazy. The reality is that sinkies are getting richer. If you think it's expensive, means you're not getting rich like everyone else

 

[dontwastetime]

BTO prices are PEGGED at a discount to re-sale HDB price

Case in point AMK BTO was 877k..

Re-sale going up, then guess what would happen to BTO prices?

Indeed HDB lost money to SLA, and SLA claims that they just converted Land to $$ so didnt make profit

Any experts pls enlighten me where the 877k went to ? Is it thin air?

 

[lupster]

Because the govt is incompetent and out of touch.

 

[Anghtj]

6 million people are fighting for 1 million flats. Now 2 million singles are given resale flat grants to buy flats

 

[nasilemak100]

they say they have been keeping it affordable already

 

[Mechafanboy]

According to Desmond Lee, cooling measures will need time to take effect.

Dunno who is he trying to bluff, since prices has risen for 4 straight years... Must we wait for HDB plus flats to MOP before deciding on further actions? His Ineffective measures coupled with his unwillingness to implement hard policies, is very telling.

They want prices to appreciate at a modest pace, those cooling measures are just road bumps, to slow the rate of increase nia.

Ultimately, they just want to tax sinkies more through land cost. Truly Pay And Pay.

 

[tExtra]

They did what - monitor.

 

[Witch King]

They got monitor what

 

[lupster]

Because it's not crazy. The reality is that sinkies are getting richer. If you think it's expensive, means you're not getting rich like everyone else

This is quite a dumb take on the situation.

Fact is previous gen could afford their flats through single income. Blue collar income even.

Currently, most households require dual income with longer loan tenure to purchase a smaller flat, with a longer wait time and much more restrictions.

Have to be quite daft to not know that it is very much more expensive now.

 

[bombshell]

If HDB prices come down, poomers will be very unhappy. Never offend poomers.

 

[iammole]

getting pple slaved to repaying the housing has many good benefits for the gov. one of which is pple will not be active in politics coz they'll be so tired from working on repayment.

 

[Earthling]

still monitoring

 

[Anghtj]

HDB flat is still considered very cheap, you can get a 5 room flat in Sengkang for around $620,000.

 

[parchiao]

Because they want inflation at home to match inflation around the world.

 

[Mr Totoro 38]

This is quite a dumb take of the situation.

Fact is previous gen could afford their flats through single income. Blue collar income even.

Currently, most households require dual income with longer loan tenure to purchase a smaller flat, with a longer wait time and much more restrictions.

Have to be quite daft to not know that it is very much more expensive now.

Not daft…

IBs got to work hard and hit KPI.

anyway either he or his next generation will be very jialat! Well deserved it..