PSA: PLH BTO rulings...

[drkcynic]

Credit to Stephen Chong...

But I did not know about these stringent rulings...

There is also some subsidy recovery claw back of funds when you sell a PLH.

Something to note.

 

[1982-1994]

Credit to Stephen Chong...

But I did not know about these stringent rulings...

There is also some subsidy recovery claw back of funds when you sell a PLH.

Something to note.

I'm curious can the homeowners rent just their bedroom out?

 

[waterdestiny]

So stringent, PLH flat only good if intend to stay permanently. Can forgot about reselling

 

[jeffong]

I'm curious can the homeowners rent just their bedroom out?

The ruling forbids whole unit rental but not individual rooms. Basically this will revert to the old cat and mouse games with garmen by locking one room and claiming the owner occupies it.

 

[anddrool]

The ruling forbids whole unit rental but not individual rooms. Basically this will revert to the old cat and mouse games with garmen by locking one room and claiming the owner occupies it.

That is provided the owner is willing to take the risk of the penalties.

These who did it will definitely violate a few regulations:
- avoid IRAS stamp duty
- violate HDB subletting
- improper Income tax declaration
- does not have proper tenancy agreement

What it takes is just 1 whistleblower to get the HDB to check the unit. Once HDB checks, it is basically game over. It will be so obvious that owners are not staying there and tenant will not necessary cover up for owners.

 

[1982-1994]

The ruling forbids whole unit rental but not individual rooms. Basically this will revert to the old cat and mouse games with garmen by locking one room and claiming the owner occupies it.

That is provided the owner is willing to take the risk of the penalties.

These who did it will definitely violate a few regulations:
- avoid IRAS stamp duty
- violate HDB subletting
- improper Income tax declaration
- does not have proper tenancy agreement

What it takes is just 1 whistleblower to get the HDB to check the unit. Once HDB checks, it is basically game over. It will be so obvious that owners are not staying there and tenant will not necessary cover up for owners.

Asking it because my colleague is intending to rent out her PLH flat or at least, her MBR which she claimed can be hit as high as $2500 of rental

 

[Rxgn]

Asking it because my colleague is intending to rent out her PLH flat or at least, her MBR which she claimed can be hit as high as $2500 of rental

PLH is not ready yet.

havent build finish, so fast talk about rent liao ar?

 

[Rxgn]

Credit to Stephen Chong...

But I did not know about these stringent rulings...

There is also some subsidy recovery claw back of funds when you sell a PLH.

Something to note.

this rule is since day 1, back in nov 2021.

first plh is in ROCHOR, the sungei thieves market

The highly anticipated PLH project - River Peaks I and II in Rochor - comes with stricter buying and selling conditions.

A total of 960 three-room and four-room flats are on offer across six 47-storey blocks. One of the blocks will include 40 two-room rental flats.

Prices start from $409,000, without grants, for a three-room flat and $582,000 for a four-room flat, making them the most expensive units in a mature estate in this launch.

 

[runforyourlife]

doesn’t matter. 14k means ceiling cap like EC. It’s afterall still a hdb unless you don’t mind…

imo just branded hdb nearer to mrt.

 

[1982-1994]

PLH is not ready yet.

havent build finish, so fast talk about rent liao ar?

Must plan mah

She has been renting out her 4r flat the past 3 years after MOP at $3k/mth
And her PLH flat TOP only in 2028, 8 years rental at least $300k liao ,already 50% cover for her PLH flat

 

[drkcynic]

this rule is since day 1, back in nov 2021.

first plh is in ROCHOR, the sungei thieves market

The highly anticipated PLH project - River Peaks I and II in Rochor - comes with stricter buying and selling conditions.

A total of 960 three-room and four-room flats are on offer across six 47-storey blocks. One of the blocks will include 40 two-room rental flats.

Prices start from $409,000, without grants, for a three-room flat and $582,000 for a four-room flat, making them the most expensive units in a mature estate in this launch.

I didn't know resale buyer of the PLH also got income cap of 14k.

That prevents a large group of affluent folks from buying (or paying over the odds).

None of the PLH owners will sell low. Not many potential buyers can afford. Sale volume will be low. The PLH owners will not have that first "pot of gold" to flip to private.

Game changer.

 

[ctstalin]

Thought these rules have been there since day 1

 

[DevilPlate]

10years MOP

Js make sure to build good rapport with your neighbours

 

[jeffong]

Asking it because my colleague is intending to rent out her PLH flat or at least, her MBR which she claimed can be hit as high as $2500 of rental

I think she probably still thinking that the high rental rates can be maintained till 2028. I seriously doubt that will be the case.

 

[DevilPlate]

I think she probably still thinking that the high rental rates can be maintained till 2028. I seriously doubt that will be the case.

Ya lor….but decent PLH master room shd at least command $1500-1800 unless SG economy cui

 

[䏣炆玧示老太]

Credit to Stephen Chong...

But I did not know about these stringent rulings...

There is also some subsidy recovery claw back of funds when you sell a PLH.

Something to note.

eventually such rules could be expanded to all BTO units in the future

 

[LWZ]

Hope they don't kena noisy neighbours

 

[saikangwarrior]

This PLH rulings is really a game changer especially for those looking to flip.

that’s also why you see in the latest balloting serangoon north (non-PLH) is more popular than the Farrer park (PLH).

first there is the subsidy clawback, that is a percentage of the quantum, then there is the salary cap, and then there is the rental restriction..and lastly the 10 years MOP. Suddenly it seems like it’s not a sure make money flip anymore

 

[MrGDebonair]

Looks like profitability of BTOs in prime areas is seriously questionable, wonderful for own stay though!

 

[SunnyStall]

Can sell to a couple of 1singaporean+1spr?