[GLGT] Hot HDB resale market, higher building costs pushing BTO prices closer to million dollar mark: Analysts

toolbox03

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https://www.todayonline.com/singapore/million-dollar-bto-hot-resale-inflation-2001696

SINGAPORE — On the rise since 2015, prices of Built-to-Order (BTO) flats have picked up pace over the last three years in light of a hot Housing and Development Board (HDB) flat resale market, growing construction costs and more BTO project launches in pricier, central areas.

It is only “a matter of time” before Singapore sees its first million-dollar BTO flat, property analysts told TODAY, although this is unlikely anytime soon and is contingent on how long the Government wants to keep BTO prices below market value with subsidies.

:s14:
 

Five Stone

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Confirm will come one, especially at the rate HDB is "losing money".
When come to collection of money since "hand soft".

Ah gong land, used to be barren, vacated for 20 years, just because nearby build MRT, school, malls etc, suddenly land price rise by hundred times. Count like that how not to lose money.
 
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andyhtc

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We still do not know how BTO prices without subsidy are derived ;)

If HDB thinks the BTOs should be priced at $1 mil and the units are still highly oversubscribed, then the next launch will be costlier.
 

Jay6789

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nb, everything now blame on rising costs.
biggest loser are sinkies and consumers.
miw, business owners all huat.
cost rise by 10c also can increase price by 90c, who knows price rise how much is attributed to rising costs and how much due to greed?
 

zheng

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https://www.todayonline.com/singapore/million-dollar-bto-hot-resale-inflation-2001696

SINGAPORE — On the rise since 2015, prices of Built-to-Order (BTO) flats have picked up pace over the last three years in light of a hot Housing and Development Board (HDB) flat resale market, growing construction costs and more BTO project launches in pricier, central areas.

It is only “a matter of time” before Singapore sees its first million-dollar BTO flat, property analysts told TODAY, although this is unlikely anytime soon and is contingent on how long the Government wants to keep BTO prices below market value with subsidies.

:s14:
full of sai lah
 

danny8x8

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property agents huat huat huat ah!!! if bto is a million, then resale.....fwah earn until buay lin chu
 

jimmy

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One 25-year-old home buyer, who wanted to be known only as Mr Wong, said that he has revised his budget upwards — from S$500,000 to S$700,000 — since he started applying for a BTO in mature estates at the start of this year.

Mr Wong, who is unemployed, applied for a four-room flat in February this year in Dakota and a four-room flat in Bukit Merah this May under the prime location public housing model.

Unemployed and applying for a mature estate flat. What the world is this happening?
 

ponpokku

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https://www.todayonline.com/singapore/million-dollar-bto-hot-resale-inflation-2001696

SINGAPORE — On the rise since 2015, prices of Built-to-Order (BTO) flats have picked up pace over the last three years in light of a hot Housing and Development Board (HDB) flat resale market, growing construction costs and more BTO project launches in pricier, central areas.

It is only “a matter of time” before Singapore sees its first million-dollar BTO flat, property analysts told TODAY, although this is unlikely anytime soon and is contingent on how long the Government wants to keep BTO prices below market value with subsidies.

:s14:

listen to them tok cok. what does resale got to do with BTO? BTO prices peg to resale or wad?
 

Kunkka

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Property agents are the top winners here.
The more exp properties go the more they earn.
I going to take my cert now for career change. Tiagong need to start with flyer distribution if don't have cleavage and long legs.
wrong. they are the last to take the pie. landlords take first dips. that includes gov all the way down to your average home owner. and gov get to double dip with higher taxes
 

runningman.snsd

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One 25-year-old home buyer, who wanted to be known only as Mr Wong, said that he has revised his budget upwards — from S$500,000 to S$700,000 — since he started applying for a BTO in mature estates at the start of this year.

Mr Wong, who is unemployed, applied for a four-room flat in February this year in Dakota and a four-room flat in Bukit Merah this May under the prime location public housing model.

Unemployed and applying for a mature estate flat. What the world is this happening?
Obviously with parents backing
 
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