HDB Introduces 6-9% Subsidy Clawback On New BTOs: How It Affects Your Resale Profits

[mryang]

HDB Introduces 6-9% Subsidy Clawback On New BTOs: How It Affects Your Resale Profits

According to the HDB, the subsidy recovery clause is necessary to curb the “lottery effect” of owning flats in prime and central location.

https://tsl.to/clawbackhdb

@uchify_sg

 

[PaboJames]

Think private property prices going to go haywire again because of this

 

[Yaoxis]

HDB Introduces 6-9% Subsidy Clawback On New BTOs: How It Affects Your Resale Profits

According to the HDB, the subsidy recovery clause is necessary to curb the “lottery effect” of owning flats in prime and central location.

https://tsl.to/clawbackhdb

@uchify_sg

Won't help much...

There are already HDB flats built before this policy is meted out.

Eg tiong bahru area / Havelock...

This flats will not be restricted by the clawback policy / can rent out whole unit....

Unless it's across the board implementation on all hdb flats in prime / central locations...

 

[Globe]

6 to 10% .... lol

kanna lottery bto can flip how much .... 10% give u la

some ppl work 10 years also cannot earn so much from flipping ..

 

[wwenze]

Won't help much...

There are already HDB flats built before this policy is meted out.

Eg tiong bahru area / Havelock...

This flats will not be restricted by the clawback policy / can rent out whole unit....

Unless it's across the board implementation on all hdb flats in prime / central locations...

Screw the newer generation but don't touch the older voters, they are the only source of votes PAP has left.

 

[louisoh]

curb or they also wan a piece of the cake?

 

[iam7377]

HDB Introduces 6-9% Subsidy Clawback On New BTOs: How It Affects Your Resale Profits

According to the HDB, the subsidy recovery clause is necessary to curb the “lottery effect” of owning flats in prime and central location.

https://tsl.to/clawbackhdb

@uchify_sg

All in all, still earn money mah, u buy those Prime Location for 700K, then sell off for 1.2Million. Pay 10% of selling price which is 120K, still earn over 300+K

 

[tatsit]

a simple solution like transaction can only be done via HDB, be it new or resale, could have solved all the rubbish issues

i really have no idea what govt is trying to achieve right now. on one hand, want citizens to profit through HDB, on the other hand, do not want citizens to profit through HDB. huh?

 

[prusswan.net]

As usual make future generations pay for us lol

 

[Yaoxis]

Screw the newer generation but don't touch the older voters, they are the only source of votes PAP has left.

Recent one year the price of bto has also increased by $100k....


So Bui Bui would suggest not to implement this clawback policy/ cannot rent out whole unit....

It's not fair when buy this "new bto" then gonna restrictions here and there...

Then those hdb blocks built few years earlier not affected...

Can sell million dollars....


Maybe those all hdb flats in prime / central locations cannot sell in open market... Only can sell back to HDB.

Then HDB can put these inventory back into "sales of balance flats"...

 

[Warocks]

go jb, other countries better

this country everything is $ stress

next generation got no game to play, once born hdb 2m

 

[MatrixFanatic]

HDB Introduces 6-9% Subsidy Clawback On New BTOs: How It Affects Your Resale Profits

According to the HDB, the subsidy recovery clause is necessary to curb the “lottery effect” of owning flats in prime and central location.

https://tsl.to/clawbackhdb

@uchify_sg

Why not just make Sinkies put profits in SA? We can ensure retirement is secured for Sinkies, and also make sure that Sinkies don’t flip and buy condo.

 

[drkcynic]

Buy 1 property, got BSD, got increased taxes, got clawback, that is easily 15-20% on paid to the G.

What more you have all sorts of restrictions like 10 year MOP and no rent out entire unit...

Just suck it up and buy the standard flats and leave the PLH alone.

 

[wwenze]

Why not just make Sinkies put profits in SA? We can ensure retirement is secured for Sinkies, and also make sure that Sinkies don’t flip and buy condo.

Sell liao live where?

SA money can buy HDB?

 

[Kunkka]

Think private property prices going to go haywire again because of this

By haywire u mean fall?

 

[mirukuboi]

6-9% is so low considering they are flipping for >1mil.

 

[herzberg]

Sellers will just upz price to account for the clawback lor, end up sellers heypi, gahmen heypi, only buyers kena pwn dip dip

 

[focus1974]

HDB Introduces 6-9% Subsidy Clawback On New BTOs: How It Affects Your Resale Profits

According to the HDB, the subsidy recovery clause is necessary to curb the “lottery effect” of owning flats in prime and central location.

https://tsl.to/clawbackhdb

@uchify_sg

ok . got it.

If selling price i want is $1mil.
that means I must add back in the 9% tax.

So priced it at $1.1mil just to be safe

 

[astopip]

Means sellers will increase sale price by 6-10%. Means property agents can earn extra 0.6-1%. Means after MOP there will be a lot of agents knocking on your door.

 

[Foetid]

HDB Introduces 6-9% Subsidy Clawback On New BTOs: How It Affects Your Resale Profits

According to the HDB, the subsidy recovery clause is necessary to curb the “lottery effect” of owning flats in prime and central location.

https://tsl.to/clawbackhdb

@uchify_sg

Thanks to EDMWERS

6 to 10% .... lol

kanna lottery bto can flip how much .... 10% give u la

some ppl work 10 years also cannot earn so much from flipping ..

If lose money due to bad economy, pap will compensate or not?