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

[standarture]

SG cannot rely on increasing population... Furthermore the increase in population is artifically induced. Gahmen has not announced any strategy once they run out of land.

 

[alibababags]

the order first then build model really creates a perpetually shortfall of housing supply in the market.. not to mention the delay in family planning for yang couples

this marlboro tan jin cunning

this is such an illogical decision i dont even know how it got approved.

 

[alibababags]

Got. Wait and wait and keep delaying their marriage plans lor

It just means the waiting time before you successfully get a BTO becomes longer and longer

And some people still living with their parents

If they can move out, got the chance to move out, all would have moved out long ago liao

Want concrete proof that flats are not enough, look at the first timer application rate is enough

4-15 couples fighting for 1 flat

dont forget first timer application are not just new couples.
they also include new singapore citizens who already have a flat and just apply for fun.

case in point i know a family which just recently converted from PR to SC and stay in 5rm flat, apply for BTO and get to select unit while other young couples didnt even get number.

 

[mooseolly]

Need to increase GDP?

 

[MatrixFanatic]

More opportunity for Sinkies to socialise costs, privatise profits when PRs cannot afford private housing. Majulah PAP!

 

[MatrixFanatic]

Assuming a 5 years wait, how many males who served NS can apply for a BTO at 25 and move in at 30? lmao.

We should reward those who find a partner early in life.

 

[Me4myself]

This means 23000 new citizen family converting liao.

 

[Angmoh_TuaKi]

https://www.straitstimes.com/singap...to-be-launched-a-year-over-the-next-two-years

Who wanna fall for their lockdown schemes of using HDB to siphon my CPF and trap me in SG slavery?

No thanks.

 

[MatrixFanatic]

Who wanna fall for their lockdown schemes of using HDB to trap my CPF?

No thanks.

How does it trap your CPF? Even when you buy private you can use CPF.

 

[Angmoh_TuaKi]

How does it trap your CPF? Even when you buy private you can use CPF.

I rephrased my post, u reading old post.

 

[Sumimasen]

How is this trap

 

[Angmoh_TuaKi]

How is this trap

They sell you expensive HDB, saddle you with debt, you service your house for 30 years, trapped in Singapore, work get lower pay than in US and Europe. End up, house is sold to govt to get retirement fund which can't beat dividend stocks return. Whole life depend on 1 stupid house is soooo risky that any thing happen to housing market or a change of policy, you're as good as dead.

 

[yesman2978]

dont forget first timer application are not just new couples.
they also include new singapore citizens who already have a flat and just apply for fun.

case in point i know a family which just recently converted from PR to SC and stay in 5rm flat, apply for BTO and get to select unit while other young couples didnt even get number.

If they are SC, fair enough I think.

And even if they BTO, it doesn't really affect housing problem that much, because they will need to sell their resale to someone else in order to buy new BTO.

By simple economics of demand and supply, if resale units are in surplus, their prices would drop.

But no. Resale transacted prices have been rising steadily. This indicates that the demand is higher than supply even in the resale market.

Same situation at the private property market also.

At BTO, resale, Condo, all these housing have seen prices heading northwards, reflecting growing demand and insufficient supply.

 

[alibababags]

If they are SC, fair enough I think.

And even if they BTO, it doesn't really affect housing problem that much, because they will need to sell their resale to someone else in order to buy new BTO.

By simple economics of demand and supply, if resale units are in surplus, their prices would drop.

But no. Resale transacted prices have been rising steadily. This indicates that the demand is higher than supply even in the resale market.

Same situation at the private property market also.

At BTO, resale, Condo, all these housing have seen prices heading northwards, reflecting growing demand and insufficient supply.

but they would be competing with other young couples who needs the house more than them. granted it's hard to really see who needs the house more unless HDB interview each and check each applicant's background intensively.

just a matter of priorities i guess. who would need the house more? a family that already has a house or a young couple that wants to start a family. of course there will be other smaller groups like single parents needing the house or one can even say if young couples really need the house then they can go for resale which financially may not be viable due to the prices.

but i do agree with you that property prices in generation are going up and it's only going to get worse for future generations. Boomers buying houses back then cheaply then tell us to "just go buy house la what so difficult" aint helping either

 

[buttbERry]

when complete?

 

[Dokwon]

Is it gon take 7-8 years? Lol..vote out these useless fukers

 

[YanG85]

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

 

[betking]

no use one , sg too populated.

new bto need wait 5-6yrs, by the time bto finish
another generation come in demand for housing

need stop issue citizenship n more boomers to die from covid

shortage confirm cause by those newcomer... MG/PG already dying

Sg fertility rate super low...
cannot be having housing shortage problem huan

 

[zhangshihua]

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

 

[cute_togepi]

Launch but sell at 600k, got what cooling effects? Just a money grabbing exercise.