Government may remove 15-month wait-out period when HDB resale prices begin to moderate: Chee Hong Tat

[Roadster01]

Moi still cannot u derstand why Govt would want a lower priced HDB flats?

the amount of $ collected from sales of HDB and taxes, Stamp duties, is a huge income for Govt.

sinkies COL means anything to GOVT when not GE year That’s 5 years out?

 

[zwHrebmeM]

Nothing mentioned on "lease decay" ... Good luck

 

[mirukuboi]

Thank you Minister Chee!!!!

 

[focus1974]

Yeah, buy so that HDB prices can soar!

so you see.. how will it ever decrease in price?

now is a whole group of under 55 years old cannot move from pte properties into HDB Resale.
the price is now like that.
when the existing demand wanes, they will relax the under 55years old must wait 1.5years ..
and then .. the price will be supported again.

As long as you allow public housing to be resold at a profit in the market, it will never go down one.
every BTO owner after 5yr MOP demands a premium to existing HDB Resale prices

 

[yaoxiukia]

Hdb and transport is one of the 2 ministry that can make pap lose power

they just have a mandate

 

[BMWguy]

so monitor again is it? with more and more new citizen/PRs/foreigners , it must be fairy tale hoping for hdb resale flat to drop

 

[FINE_01]

Haven't even stable they start talking about this. What a joke.

 

[econ food]

wow, indeed the chee hong. First move is to exacerbate the whole situation by inducing more demand for a already short in supply HDB market.

Need analysis.. price would up or down ?

 

[econ food]

HDB is extremely cheap. Price should go higher.

Cheaper than malaysia landed or condo ?

 

[matrix05]

Why don remove for citizen and add 15m to PR wait out?

 

[iam7377]

so you see.. how will it ever decrease in price?

now is a whole group of under 55 years old cannot move from pte properties into HDB Resale.
the price is now like that.
when the existing demand wanes, they will relax the under 55years old must wait 1.5years ..
and then .. the price will be supported again.

As long as you allow public housing to be resold at a profit in the market, it will never go down one.
every BTO owner after 5yr MOP demands a premium to existing HDB Resale prices

Now cannot buy, once they allow downgrades to buy, the only way is for HDB resale price to up, so might even buy newly BTOs, so as to pass to their children and to avoid lease decay...

 

[mynickname]

avoid lease decay...

If you buy leasehold youre perpetually exposed to lease decay

 

[johnsonheng]

they just have a mandate

they can do it now if they want.
once people lose money in property, it will amount easily to 100k,
if pap want to force it down.

see they can tahan the backlash 5 years later.

 

[LoaGong12]

Hdb and transport is one of the 2 ministry that can make pap lose power

but then this time leh?

 

[focus1974]

Now cannot buy, once they allow downgrades to buy, the only way is for HDB resale price to up, so might even buy newly BTOs, so as to pass to their children and to avoid lease decay...

i think new BTOs will not be possible. the rules will stay for that one for private property owners.

 

[8zaoyu]

Many asset rich downgrader very happy liao...

Many downgraders from pte means more resale HDBs to choose. When choosing, does not mean will buy low price ones.
More like selling to each other - you upgrade to pte condos with swimming pools, tennis courts, gyms ,free parking for at least a car, clubhouse, I do not need these anymore mah but need a resale HDB with an unblocked nice view, etc

 

[qhong61]

Property agent going to huat?

 

[8zaoyu]

i think new BTOs will not be possible. the rules will stay for that one for private property owners.

Maybe she meant just newly MOPed HDBs, which are $mil overs which only the Pte Condos downgraders can afford with cash. First Timer New BTOs, may not be for pte condoers as have income limits

 

[Goldmansachs]

Grants clawback. Resale buy income ceiling

 

[8zaoyu]

So far this year, the number of million-dollar transactions for four-room HDB flats has surpassed that for five-room flats. This year, 244 four-room flats have fetched at least $1 million, compared to 205 five-room flats (see Chart 1). This is the first time that such transactions for four-room flats have outnumbered those for their five-room counterparts.

https://www.edgeprop.sg/property-news/million-dollar-sales-4-room-hdbs-surpass-5-rooms?utm_source=facebook&utm_medium=dlvr.it&utm_campaign=contentdistribution&utm_content=https://s3.ap-southeast-1.amazonaws.com/www.theedgeproperty.com.sg/rss/property-news-feed-AWS.xml&fbclid=IwY2xjawKjmPhleHRuA2FlbQIxMQBicmlkETF4TnZkWWs3Mk9qaDFxVllwAR49cSSe5LkNgf_DzmasQSCdLNb4mD6el3WXV9vigokEYuVwglzfYt74SpAQkQ_aem__E5tcyf4_xk1EwPmA9tSKg

Because both 4 rooms and 5 rooms have 3 bedrooms and almost similar in size - as in 90+ and 110+ sqm usually built after the year 2000. Those HDB built earlier than 2000 could be 100+ and 120 sqm which nowadays even new pte condos hardly have.