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Choa chu kang hdb flats price breaks one year low

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Old 11-02-2018, 09:57 PM   #1
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Choa chu kang hdb flats price breaks one year low

Expected to go down even further, some flat owners took one year to sell flat. Design and build flats may face even more difficulty to sell. Start to become negative assets?

3 rooms median: 270000 (245000 lowest)
4 rooms median : 338000 (290000 lowest)
5 rooms median : 410000 (343800 lowest)

Still very expensive?

http://www.zaobao.com.sg/znews/singa...0180208-833843

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Old 11-02-2018, 09:59 PM   #2
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Expected to go down even further, some flat owners took one year to sell flat. Design and build flats may face even more difficulty to sell. Start to become negative assets?

3 rooms median: 270000
4 rooms median : 338000
5 rooms median : 410000

Still very expensive?
Is the the start of the end of the road for property prices rising in the near future?
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Old 11-02-2018, 10:07 PM   #3
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I think Hdb resale will keep breaking new low if they don't change policy. I anticipate that to happen and the flat owners start to 呱呱叫when they trying to sell their flat, especially those at more isolated locations.

Is the the start of the end of the road for property prices rising in the near future?
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Old 11-02-2018, 10:10 PM   #4
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If they don't allow PRs to buy Hdb flats, it will be another super good news for potential buyers, price will plunge over time due to lack of demand for resale flats, bto will also be affected.
Hope they announce that soon.

Is the the start of the end of the road for property prices rising in the near future?
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Old 11-02-2018, 10:11 PM   #5
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If they don't allow PRs to buy Hdb flats, it will be another super good news, price will plunge over time due to lack of demand for resale flats, bto will also be affected.
Hope they announce that soon.
Really? Would that be in the pipeline? If PR can't buy HDB flats, then they might as well not be PRs .. unless they are a super rich bunch...
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Old 11-02-2018, 10:12 PM   #6
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Still have some incentives like subsidized education fee and reduced ABSD for private property purchase.

Anyway, HDB by right supposed to be citizenship entitlement.
Don't think that is in the pipeline though, just my wishful thinking.

Really? Would that be in the pipeline? If PR can't buy HDB flats, then they might as well not be PRs .. unless they are a super rich bunch...
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Old 11-02-2018, 10:19 PM   #7
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The concept of "cheap" needs to be addressed. How low is considered "cheap"...
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Old 11-02-2018, 10:21 PM   #8
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The concept of "cheap" needs to be addressed. How low is considered "cheap"...
The price will just keep dropping now, not sure what is the bottom now.
Once the first batch of flats are taken back without any renewal in lease or SERS, there goes the market for old HDB flats.

Then people here no need to complain about high HDB flats prices anymore, win win situation. Isn't it so?
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Old 11-02-2018, 10:26 PM   #9
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The price will just keep dropping now, not sure what is the bottom now.
Once the first batch of flats are taken back without any renewal in lease or SERS, there goes the market for old HDB flats.

Then people here no need to complain about high HDB flats prices anymore, win win situation. Isn't it so?
Just a matter of time old HDB flats are gone for new ones

And, no matter at what price, people will complain
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Old 11-02-2018, 10:32 PM   #10
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Just a matter of time old HDB flats are gone for new ones

And, no matter at what price, people will complain
Last time older flats are all at super good and central location, government always have SERS for existing owners. Now, more and more HDB flats are in isolated locations, will there be SERS? and is SERS an entitlement for HDB owners?

Remember there was once someone warned about don't take HDB SERS as granted when high combined income young couples chose to buy old and ultra big flats with very limited number of years left on lease?
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Old 11-02-2018, 10:42 PM   #11
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If they don't allow PRs to buy Hdb flats, it will be another super good news for potential buyers, price will plunge over time due to lack of demand for resale flats, bto will also be affected.
Hope they announce that soon.
Don't understand, why do you hope to see prices drop further? Are u an hdb owner yourself? Or hoping to buy at cheap price?

For me, I dont intend to sell my flat so doesnt really affect me. Just that drop in prices will eventually affect rental which is more of a concern for me.
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Old 11-02-2018, 10:46 PM   #12
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Not really a Hdb owner or potential buyer, but I hope people will start to see negative impact and really feel it soon.

Rental is more dependent on foreign workers here, most of them are not potential buyers, think the market is different.

Don't understand, why do you hope to see prices drop further? Are u an hdb owner yourself? Or hoping to buy at cheap price?

For me, I dont intend to sell my flat so doesnt really affect me. Just that drop in prices will eventually affect rental which is more of a concern for me.
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Old 11-02-2018, 11:06 PM   #13
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Yes! Drop! Burn all those reselling HDB jokers until their pants drop! HDB should be public housing, you only resale to upgrade and not invest for profits every 5 years!
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Old 11-02-2018, 11:27 PM   #14
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The correct way to play the HDB game is to get it as your 1st property. Keep it.
Buy a 2nd property. Stay in that pte property and rent out the HDB flat until its lease runs out
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Old 11-02-2018, 11:35 PM   #15
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Thanks to MBT for not building any HDB & Khaw had to build them non-stop.
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