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

standarture

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Remember hdb now is self inflicted pricing. Hdb keep add new features to btos, making them more expensive.
 

Nickypigu

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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:
So with 1 million bto the loan ratio got adjust or not since salary not increasing despite rising cost. The subsidy also need to increase. Need someone to ask in parliament since they are incompetent in increasing salary.
 

tyr9292

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Better keep that $1 million to buy house in JB instead of 99 year lease.

That's definitely a choice. But just saying, even if the ave sporean doesn't get one, there will be many others vying for the same house.
 

Tony.Manero

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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:
Test balloon spotted
 

MatrixFanatic

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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:

Socialise costs, privatise profits. Majulah!
 

KPO_SAHM

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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:


Bird talk again
 

fearhimwhofearsnothing

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Socialise costs, privatise profits. Majulah!
Worst part is the profits are lottery and might have been allocated to couples who anyhow marry - further contributing to poor marriages and lower birth rate

Example - couple want to make money so just bto, they not happy with one another so just carry on, then break up after years with no kids just to cash in on bto.
 

nid2doit

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As a Gen X, you have my sympathy. This is not 风凉话. But then read so many boomer hating thread here I don't know how to feel about young people.
 

RoLanTo

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vicious cycle. infinite loop. the only way businesses can think of is probably suppressing the rate of wages going up to slowdown Abit the selling price going upward

material cost goes up
worker wages goes up
profit margin goes up
selling price goes up



Sent from gugu niao!
 

Linguist

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this is sad man. :o
As long as papa n mama are rich, the kid or children will be rich...

That's most of their thinking...

In their mindset poor or underprivileged people does not exists...

If it does public housing will never have soared high prices that does not help their situations.

All those grants and etc are illusions or techniques to mislead... only creates more problems and work for the public servants too.
 
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