MikeDirnt78
High Supremacy Member
- Joined
- Jun 16, 2002
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HDB prices dropping then private properties will follow also.
But BTOs are still very expensive.
BTOs with grants are not expensive... resale are. BTOs are tagged to resale prices around the area.
Once HDB flat become negative equity it will become election issue. Serve all those kumgongs right for wishing that prices will drop and no foreigners here. Please drop price until collapse!
Swee lar, please drop more.
Cheap is good, for the next generation buying resale. HDB never guarantee, buy house can sell for profit wat
But BTOs are still very expensive.
Many think buying bto sure huat, but I don't think the maths works this way.
You are buying BTO at current price, if there is a huge pressure on resale flat price, once your bto flats are ready, resale flats may demand a price similar to Bto price. And most resale flats are in better locations compared to bto flats, this also means rental demand for resale flat is higher.
Anyway, more people buying bto means more revenue for government.
u think those hdb flippers still exists? u have many such friends meh?
HDB dwellers i knew all no plans to cash out for profit/loss.
they do not care the current value leh.
what do you propose those CCK owner should do?
By right all 99year leasehold should drop 1% per year but offset with appreciation due to inflation.
However, there will be inflection point where inflation wont be able to offset anymore due to additional restriction kicked off:
- >30-40 years old unit where bank wont give 80% loan
- Any other govt/market news: wont en bloc/SERS anymore
Anymore to add?
LW already mentioned SERS is not entitlement.Do you think government will make lease renewal an entitlement? Lease renewal in Malaysia seems much easier compared to Singapore?
Is SERS an entitlement too?
LW already mentioned SERS is not entitlement.
So not sure if lease renewal is possible, that said, how much to pay and what percentage need to agree and what to do with those who opt not to renew?
Customer can choose not to buy.Far East also smart, bought freehold lands at premium then sell as 99 years leasehold. After 99 years, they take back the land and redevelop. Win max.