HDB to launch up to 23,000 BTO flats a year over next two years

[gnoes85]

If really need a house. Buy a resale without grant, meanwhile apply bto but make sure the TOP must be after your MOP.

 

[Roundtreex]

Launch only mah, they never said anything about completion any time soon

Aka NATO la

 

[cearmouse]

Got delay or not

 

[Sumimasen]

If really need a house. Buy a resale without grant, meanwhile apply bto but make sure the TOP must be after your MOP.

Got such thing?

 

[BohemianSG]

When I book my first HDB flat, HDB officer told me I need to wait for 7 years in 1988 for my queue number to be call not including the building time.

Page 33.

At the height of the property boom in the mid-90s, there were as many as 150,000 buyers in the queue, and the wait for a flat was as long as seven years. However, when the Asian Financial Crisis struck in 1997, the queue vanished, virtually overnight. HDB ended up with 31,000 unsold flats, which took more than five years to clear. Because of the unintended oversupply, home buyers could walk in to buy ready flats in the early 2000s. However, home owners paid a heavy price, with flat prices staying depressed. Some who bought flats just before the crisis ended up with negative equity and even lost their homes and hard-earned savings. The many unsold flats represented a waste of taxpayers’ money. The holding cost incurred was money that could have been spent on healthcare, education, or other areas.

https://www.mnd.gov.sg/Reflections on Housing a Nation/Reflections on Housing a Nation.pdf

I am quite sure that is not true that the wait was up to 7 years by the 1990s.

They were saddled with 31k flats not simply because of AFC 1997 but also these flats were built in places with no amenities and transport links. Have they been to SK in 1995 or not?

 

[mistersoh]

do we really need so many flats?

grass and trees are dying



Read HWZ Forum Rules!

 

[yesman2978]

Increase supply is nt the way... slight reduce on demand shld b the way... shld hv bigger increase for pr n foreign tax

The only way is to increase supply. It is the only way.

Houses, at least HDB, at not optional luxury goods. People need somewhere to live.

Even if you tax PR and foreigner 9696, they still need somewhere to live in. The tax doesn't make the demand for housing go away.

And the rule that couples can only own 1 flat guarantees that there is no flat hogging. They want to hog private properties their daichi.

 

[yesman2978]

do we really need so many flats?

grass and trees are dying



Read HWZ Forum Rules!

Then people live where?