HDB is cheap

[Pukunara]

you check out the balance sale price you know liao
up app 10-20% vs launch

btw im not referring to private or resale, is just BTO only

Still very cheap . Just buy and be happy later.

 

[A Better Tomorrow]

It ish dirt cheap when you owe the 4 big banks here a lot of money but not qualify to buy any.

 

[Ye_Rongtian]

 

[tessss]

my 1cent view is that hdb in certain areas and size is indeed still affordable now.
but overall prices have been inching up in a very fast pace since covid.
with many hdbs trying to push over the 1million mark.

thus, slowly but surely, hdbs will become unaffordable if the trend continues.

glad that this topic is brought up. hopefully policies will be implemented to ensure a more sustainable growth

 

[pohw0008]

Why $900 a month... The moment you apply.... You jobless? Within the 3-4y period can save quite a lot. With the grant... At least half paid...

$200k loan for 25 years is $900 monthly.. yes.. already assume u save $46k in 3-4 years while waiting for bto.. that's $1k per month savings..

 

[kage]

It would be a concern if money devalues and our property price falls or does not even align with inflation...?

Especially for those still having to pay loans over next 20, 30 years ...?

 

[hachi]

$200k loan for 25 years is $900 monthly.. yes.. already assume u save $46k in 3-4 years while waiting for bto.. that's $1k per month savings..

Don't have cpf...? Then yes... One need to pay cash... If not... Don't need cash top up.

 

[hachi]

my 1cent view is that hdb in certain areas and size is indeed still affordable now.
but overall prices have been inching up in a very fast pace since covid.
with many hdbs trying to push over the 1million mark.

thus, slowly but surely, hdbs will become unaffordable if the trend continues.

glad that this topic is brought up. hopefully policies will be implemented to ensure a more sustainable growth

Resale yes..... Even my agent told me I am lucky... Last year Jan 2024, my current place around 480k. Now 550k...

 

[hachi]

I always advocate buy the cheapest 4 rm bto, and aim new town which has the highest potential... Then plan according to later stage of one life. I did that... My late dad also did that..no issue about affordability.
When you have a base then is easy to upgrade or like me relocate to a better location.

 

[focus1974]

The cap should increase because as a young couple/single.
You may hit 10K at age 30 since you need to meet inflation.
To add on, savings is not the best around this age group.
If they cannot ballot for HDB then they also cannot afford to pay 20% of down payments for a condo.
It will snowball down to not having a proper home to having a kid.
Lead to fustrations and work performance + likely a divorce.

that is one of the possible scenario for some of the demographics, but not the guaranteed scenario for all of the demographics.

I can also say by raising the income cap, high income earners get the BTO and then 5 years later, moved on to a condo and they still don't want to have kids.
But they were depriving someone else who already married and thinking of having a kid a chance for the BTO. The couple might delayed their birth plan till they get a BTO and it will snowball to frustrations and work performance + likely a divorce.

 

[white_prince]

that is one of the possible scenario for some of the demographics, but not the guaranteed scenario for all of the demographics.

I can also say by raising the income cap, high income earners get the BTO and then 5 years later, moved on to a condo and they still don't want to have kids.
But they were depriving someone else who already married and thinking of having a kid a chance for the BTO. The couple might delayed their birth plan till they get a BTO and it will snowball to frustrations and work performance + likely a divorce.

Ending up with the same outcome whether route A or B, just to have a house to stay.
This country is so sad.

 

[hachi]

that is one of the possible scenario for some of the demographics, but not the guaranteed scenario for all of the demographics.

I can also say by raising the income cap, high income earners get the BTO and then 5 years later, moved on to a condo and they still don't want to have kids.
But they were depriving someone else who already married and thinking of having a kid a chance for the BTO. The couple might delayed their birth plan till they get a BTO and it will snowball to frustrations and work performance + likely a divorce.

I still don't understand why need a bto before giving birth? Can bto at the same time having baby right? Nowadays babies dont sleep with parents?

Or now baby are smarter... Need a room each?

 

[focus1974]

I still don't understand why need a bto before giving birth? Can bto at the same time having baby right? Nowadays babies dont sleep with parents?

Or now baby are smarter... Need a room each?

if no BTO, means baby and couple squeezed into 1 HDB room of parents.
tension rises between couple and/or parents ...
result in poor relationship and work performance
result in divorce..


Alternate universe, it could be
elderly parents are happy to take care of the kid and the couple can continue to work and have their freetime.
relationships between them also become harmonous and bonds forged stronger as a result.

So many permutations... and possibilities.
But I think sensibility will tell you to hold off having the kid if you have not successfully balloted for a BTO.
In life , it's good to have options.

 

[tessss]

Resale yes..... Even my agent told me I am lucky... Last year Jan 2024, my current place around 480k. Now 550k...

exactly, 1 year rose more than 10%. its not sustainable.

 

[hachi]

if no BTO, means baby and couple squeezed into 1 HDB room of parents.
tension rises between couple and/or parents ...
result in poor relationship and work performance
result in divorce..


Alternate universe, it could be
elderly parents are happy to take care of the kid and the couple can continue to work and have their freetime.
relationships between them also become harmonous and bonds forged stronger as a result.

So many permutations... and possibilities.
But I think sensibility will tell you to hold off having the kid if you have not successfully balloted for a BTO.
In life , it's good to have options.

You think too much... If parents are from low income? Then one should really plan...
If not most 4/5 rm should have enough room. Been there done that.
Parents happy to bring kids out and play.
My late dad and my elder son was blacklisted at Bedok library in 2012. Coz my elder son keep pushing the books and books fall from the other side of the shelving and make alot of noises... The memories they had....

 

[hachi]

exactly, 1 year rose more than 10%. its not sustainable.

Agreed... But since I take advantage of that... No complaints.

 

[focus1974]

You think too much... If parents are from low income? Then one should really plan...
If not most 4/5 rm should have enough room. Been there done that.
Parents happy to bring kids out and play.
My late dad and my elder son was blacklisted at Bedok library in 2012. Coz my elder son keep pushing the books and books fall from the other side of the shelving and make alot of noises... The memories they had....

what works for you might not work for others.
but we are discussing why HDB do the things it does.

 

[hachi]

what works for you might not work for others.
but we are discussing why HDB do the things it does.

There are many ways to overcome, if simple issue like this. 2 adults cannot plan or overcome... Life will be hard....

 

[focus1974]

There are many ways to overcome, if simple issue like this. 2 adults cannot plan or overcome... Life will be hard....

i donno what you are trying to tell me.
i was the one responding to someone else who ask why HDB dont uup the income cap for the BTO so X scenario couple can own a BTO.

 

[hachi]

14k not high enough? But nowadays condo psf also crazy...