[[ Official Jun 2024 BTO ]]

[windwaver]

Oct's launch is mega.

 

[Xiaomalu]

Clawback is 9%

Thats why say many times liao, HDB BTO launch prices will about the same one
some people still havent wake up, like to comment: Expensive! launch price will be 900k or 1 M. LOL

Gov will just increasing the clawback.
10 years later, BTO still 600-800 k but with 20% claw back

 

[ashethen]

Anyone have the link to the application rate webpage?

 

[Xiaomalu]

Anyone have the link to the application rate webpage?

https://services2.hdb.gov.sg/webapp/BP13BTOENQWeb/AR_Jun2024_BTO?strSystem=BTO

 

[Bam25th]

https://www.straitstimes.com/singap...aises-subsidies-for-2-prime-location-projects

Clawback 8%?

lol they updated the article. Now it is 9%.

https://www.straitstimes.com/singap...s-subsidies-for-three-projects-in-prime-areas

Maybe it was supposed to be 8%, then last min they decide to change to 9%

 

[Xiaomalu]

lol they updated the article. Now it is 9%.

https://www.straitstimes.com/singap...s-subsidies-for-three-projects-in-prime-areas

Maybe it was supposed to be 8%, then last min they decide to change to 9%

The article was for 2023 Dec Launch

2023 Dec - 8%
2024 Jun - 9%

Thats why launch price around same

 

[Bam25th]

The article was for 2023 Dec Launch

2023 Dec - 8%
2024 Jun - 9%

Thats why launch price around same

Oh, I didn’t notice the article’s date.

Hmmm seems like it’s inching upwards
Wonder how high it will eventually reach.

Maybe next time they should just set 100% profit clawback….. meaning can only sell back to HDB at a straight-line depreciated value from the original price…..

 

[Ronaldo88]

EHG amount is based on application date not key collection?

 

[DevilPlate]

Can be easily sold for $800k in 2039 but only can take around $720k due to clawback

15 years later chicken rice cost 50%-100% more easily too

 

[DevilPlate]

EHG amount is based on application date not key collection?

i think based on HFE

 

[coolhirako]

What if my pay lower than HFE application time ? Bye bye grant ?

 

[DevilPlate]

What if my pay lower than HFE application time ? Bye bye grant ?

u mean pay higher?
Lower pay more grant right?

 

[eatingtunic]

Current stats, more second timer applying than first timer.

 

[coolhirako]

u mean pay higher?
Lower pay more grant right?

I mean when hfe application pay is high , then applied and get house liao income lower , will still get Grant ?

 

[skazzz]

there is also a resale levy (not sure if plh model is excluded)
resale levy only avoided if not getting another hdb related project

 

[delonicdevil]

I am a single. is it worth BTOing for the Woodlands project due to it's short wait time (around 3 years) so I can flip and start my property journey much earlier?

 

[RadEoNic]

If total number of applicants (first and second timer) is less than flat supply, does that mean everyone gets a number, even if the ratio for second timer is more than 1?

 

[DevilPlate]

I am a single. is it worth BTOing for the Woodlands project due to it's short wait time (around 3 years) so I can flip and start my property journey much earlier?

8years and flip for 150-200k profit worth it?

Or now buy a 4rm flat in your desired location better?

 

[DevilPlate]

I mean when hfe application pay is high , then applied and get house liao income lower , will still get Grant ?

Should be based on hfe application point of time...

If based on key collection, your pay increase how? Lol

 

[TheAlphaLion]

Clawback is 9%

Thats why say many times liao, HDB BTO launch prices will about the same one
some people still havent wake up, like to comment: Expensive! launch price will be 900k or 1 M. LOL

Gov will just increasing the clawback.
10 years later, BTO still 600-800 k but with 20% claw back

Launch price about the same, you sure? What are you comparing to?
Clementi Crest in 2015 launched 5-room up to $725K, right beside MRT and hawker centre. Now Tanjong Rhu $779K just for 4-room with MRT >500m away. Next time prepare $700K for 3-room.