Cooling measure for HDB

[Mecisteus]

They ARE selling at a discount to HDB lease buy back scheme IF still got last 30 yrs of lease left and their children already have their own HDBs (and can stay till death) Because children CANNOT hold 2 HDBs even if inherited, as must choose one HDB only.
Who will sell HDB (or as part shares divisions) below market valuation except to their "special" children/siblings who cannot afford HDB ?

The LBS is an option.

If you don't opt in, you don't need to sell at a discount.

 

[thretiredDad]

These selfish group like to sell their flats at high price but want their next generation kids to buy at low prices.

For a start, they should be selling their flats at discounts.

Not true
many exisitng hdb owners at Edmw

belonging to this “selfish” group
claimed they are happy to sell
at the price they bought

so that our future generation
can benefit
and hope they can drive a trend
to sell their hdb to hdb
to save our further generation

 

[Mecisteus]

Not true
many exisitng hdb owners at Edmw

belonging to this “selfish” group
claimed they are happy to sell
at the price they bought

so that our future generation
can benefit
and hope they can drive a trend
to sell their hdb to hdb
to save our further generation

I don't think its an accurate human being nature.

Most humans want to sell high and buy low. Just greed.

 

[thretiredDad]

I don't think its an accurate human being nature.

Most humans want to sell high and buy low. Just greed.

There are many kind bro and sis
at edmw
who will sacrifice for future generation
and to show
Public housing is for living
and Not for profit

 

[8zaoyu]

The LBS is an option.

If you don't opt in, you don't need to sell at a discount.

Yes, most of us in our HDB flat when making WILL will say divide by whatever shares to our loved ones and as inheritance got no inheritance tax. Whoever eligible can inherit it, otherwise buy it and divide it in share ratios. Still, if none of own family members want it, sell it and divide money to upgrade their properties or keep cash and lie flat on it - our eyes closed already MYBF liao.
But SG EDMWers is the fastest hands in WWW, got profit from PRs must faster sell - chance start from post 55 yo to apply for 2-rm flexi then retire early, no?

 

[The_Davis]

There are many kind bro and sis
at edmw
who will sacrifice for future generation
and to show
Public housing is for living
and Not for profit

I will continue to support this thread till got new cooling measure

 

[BalaKype]

Profit tax for HDB 70%

Taxes will work if it redirects demand to a tax-free alternative, that is just as attractive. But there isnt any

 

[thretiredDad]

Taxes will work if it redirects demand to a tax-free alternative, that is just as attractive. But there isnt any

According to Edmw
the seller can just list
70% higher
to compensate for the tax

 

[thretiredDad]

When do you think the new monitor will announce (if any)?

A few good cooling measures
will be

- disallow cpf for mortgage payment
- remove hdb grant
- lower income ceiling to $8,000 for bto
- set $12,000 income ceiling for resale hdb
- reduce msr from 30% to 10%

dampen the demand
to lower the selling price

then increase the additional buyer stamp duty
to 50% for local

 

[The_Davis]

A few good cooling measures
will be

- disallow cpf for mortgage payment
- remove hdb grant
- lower income ceiling to $8,000 for bto
- set $12,000 income ceiling for resale hdb
- reduce msr from 30% to 10%

dampen the demand
to lower the selling price

then increase the additional buyer stamp duty
to 50% for local

What if they increase cap to $16k for 5-rm
$20k for EC?

 

[thretiredDad]

What if they increase cap to $16k for 5-rm
$20k for EC?

Increasing cap
is they acknowledge properties
going to become more and more expensive

cooling measure is to dampen the demand

 

[8zaoyu]

What if they increase cap to $16k for 5-rm
$20k for EC?

The newer 5 -rm HDB public flats are only 110 sq m (1200+ sq ft)
Why not increase the SCs' demand for 5 rm HDBs so that they will not demand ECs which govt gives / wastes 30k grant for First-Timers.
And then they bought those ECs after MOP will came back to buy resale 5-rm HDBs, because most ECs are affordable to First Timers at less than 1000 sq ft. SO, Just increase the cap to 20k for 5-rm 1st Timer BTO lah. Our first timer BTO EDMWers 20k salary monthly as a set of couple who already past 30/35/40 couple, just nice right , yay or nay ?

 

[The_Davis]

The newer 5 -rm HDB public flats are only 110 sq m (1200+ sq ft)
Why not increase the SCs' demand for 5 rm HDBs so that they will not demand ECs which govt gives / wastes 30k grant for First-Timers.
And then they bought those ECs after MOP will came back to buy resale 5-rm HDBs, because most ECs are affordable to First Timers at less than 1000 sq ft. SO, Just increase the cap to 20k for 5-rm 1st Timer BTO lah. Our first timer BTO EDMWers 20k salary monthly as a set of couple who already past 30/35/40 couple, just nice right , yay or nay ?

But if they build 5-rm bto and the price is $1m will have big hooha

So must taper @ $700-800k and hope people don’t remember no more new 5-rm bto for mature estates

 

[hwmook]

Not true
many exisitng hdb owners at Edmw

belonging to this “selfish” group
claimed they are happy to sell
at the price they bought

so that our future generation
can benefit
and hope they can drive a trend
to sell their hdb to hdb
to save our further generation

People need to understand inflation and basic economy, price will always increase over long time due to inflation. This is normal and doesn't affect long term affordability but sometimes price increase too fast over a short period of time like the past 4-5 years due to COVID, this is when government need to intervene to stabilise the price else the price rise too fast for a few years then underperform for another few years after that, gradual increase like inflation is the best and most ideal.

 

[8zaoyu]

But if they build 5-rm bto and the price is $1m will have big hooha

So must taper @ $700-800k and hope people don’t remember no more new 5-rm bto for mature estates

You are correct that there will hardly be 5 rm BTO (110 sqm aka 1200+ sq ft) in mature estates/even RCRs. If build, will still be less than the $1.6k psf for current ECs, $20k income ceiling cap for SC first timers surely better than OCR ECs (1000 sqf) which are affordable with parents' downpayment help somestimes.
Of course, rich singles/ dualling partners can buy pte or resale properties and flip multi times in their lifetime.

 

[The_Davis]

Let

You are correct that there will hardly be 5 rm BTO (110 sqm aka 1200+ sq ft) in mature estates/even RCRs. If build, will still be less than the $1.6k psf for current ECs, $20k income ceiling cap for SC first timers surely better than OCR ECs (1000 sqf) which are affordable with parents' downpayment help somestimes.
Of course, rich singles/ dualling partners can buy pte or resale properties and flip multi times in their lifetime.

We shall see in upcoming bto exercises if got 5-rm in mature estates

 

[8zaoyu]

Let

We shall see in upcoming bto exercises if got 5-rm in mature estates

I doubt TILL HDB stop ECs and raise the prices of 5-rm BTO to beyond $1-mill for SC First-Timers and raise the income ceiling cap to support it.

 

[spoon69]

Oh ya, this owner/occupier nonsense needs to go away also

Garmen give ppl opportunities, most still want common prosperity haha. This one i don't understand, why not go for this opportunity unless u have finance to buy 2 condos.

 

[The Legionnaire]

The influx of new citizens, it will not be that cooling for sure! It's their revenue... it's always like that before the GE!

 

[8zaoyu]

Garmen give ppl opportunities, most still want common prosperity haha. This one i don't understand, why not go for this opportunity unless u have finance to buy 2 condos.

Yes, our garment gives opportunities to house ALL, financing and jobs opportunities our own problems.