$880,000: Priciest HDB flats launched in Tampines
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Originally posted by sbst275:
1/2 seriously is ppl also wanting to make a quick buck from it.
But let's put it.. Sell riao, where u going to stay?
Stay with my parents loh.
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Let's see whether the $880K unit(s) will be bought following all the hoo ha.
If nobody wants to buy those units, the developer may have to lower the prices.
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if everybody don't buy from the Sim Lian for few month i am sure the price will be force to drop. As HDB sell the land to them is cheap. Those who greedy will play out by the developer. Just like when you buy a plate of food from someone if the price is too high than don't buy!!!!!! This price I can get a free hold somewhere in the centre area of singapore.
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If buy now at $880K, can probably sell for $1 million 5 years later.
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And that's probably excluding the $200,000 COV.
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Sim Lian developer lol. Think they shd change their name to similan (jiao).
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http://www.temasekreview.com/2011/06/18/affordable-888000-hdb-flats/
The word "affordable" means "not affordable" anymore in Sg's context.
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What will happen to the BTO HDB flats ? I think the prices will go up also....
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Originally posted by Demon Bane:
What will happen to the BTO HDB flats ? I think the prices will go up also....
Shhh, not so loud.
The excuse that future BTOs will likely be "If DBSS is already selling at 880K, why can't I price my BTO flats at 600K? Still cheaper than DBSS what."
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http://www.channelnewsasia.com/stories/singaporelocalnews/view/1135880/1/.html
Minister says DBSS projects are priced by private developers and HDB has no control over the prices.
Then how come it is under HDB and HDB rules? Eg. max income ceiling etc.
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Originally posted by charlize:
http://www.channelnewsasia.com/stories/singaporelocalnews/view/1135880/1/.html
Minister says DBSS projects are priced by private developers and HDB has no control over the prices.
Then how come it is under HDB and HDB rules? Eg. max income ceiling etc.
Exactly! WTF response is that???
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Originally posted by charlize:
http://www.channelnewsasia.com/stories/singaporelocalnews/view/1135880/1/.html
Minister says DBSS projects are priced by private developers and HDB has no control over the prices.
Then how come it is under HDB and HDB rules? Eg. max income ceiling etc.
HDB is getting more affordable -
Originally posted by Fryderyk HPH:
Exactly! WTF response is that???
So now one wonders - is it HDB or is it a private condo?
HDB can control price or cannot control price?
Is it public housing with "subsidies" or private condo with HDB "subsidies"?
It opens up a lot of questions.
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Originally posted by charlize:
So now one wonders - is it HDB or is it a private condo?
HDB can control price or cannot control price?
Is it public housing with "subsidies" or private condo with HDB "subsidies"?
It opens up a lot of questions.
It all depends on which side of the bed he got out from in the morning.
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On a side note, since HDB prices new flats to existing surrounding resale flat prices, it means that this DBSS could be a reference point for pricing of new HDB flats around the area in the future.
So people are actually justified in questioning the high price of this project.
Today, the DBSS flat costs 880K.
5 years later, it sells for $1.2 million.
New HDB flats around that area could be priced at say 50% discount to this reference point - ie. $600K.(And this is a massive 50% discount in my example)
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Originally posted by charlize:
On a side note, since HDB prices new flats to existing surrounding resale flat prices, it means that this DBSS could be a reference point for pricing of new HDB flats around the area in the future.
So people are actually justified in questioning the high price of this project.
Today, the DBSS flat costs 880K.
5 years later, it sells for $1.2 million.
New HDB flats around that area could be priced at say 50% discount to this reference point - ie. $600K.(And this is a massive 50% discount in my example)
Dun even need to talk about 5 years later!
Talk about now!
My DBSS right opp Centrale 8 (which is ALMOST EXACTLY THE SAME) went for less than half the price (for the same 5-room size and all)... $399k balloon to now $880k in 5 years. Wah piang if this is the way things are to come...
I better make plans to emigrate out of here~!
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Originally posted by Fryderyk HPH:
Dun even need to talk about 5 years later!
Talk about now!
My DBSS right opp Centrale 8 (which is ALMOST EXACTLY THE SAME) went for less than half the price (for the same 5-room size and all)... $399k balloon to now $880k in 5 years. Wah piang if this is the way things are to come...
I better make plans to emigrate out of here~!
Huat ah.
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You can join the millionaire club and tell people to goomeuf.
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Originally posted by charlize:
On a side note, since HDB prices new flats to existing surrounding resale flat prices, it means that this DBSS could be a reference point for pricing of new HDB flats around the area in the future.
So people are actually justified in questioning the high price of this project.
Today, the DBSS flat costs 880K.
5 years later, it sells for $1.2 million.
New HDB flats around that area could be priced at say 50% discount to this reference point - ie. $600K.(And this is a massive 50% discount in my example)
Mr. Khaw said on the news today, if you guys think that the flat is expensive then don't buy, but then again, all the property is controlled by SLA, if you don't buy where are you going to live.
SLA sells land to private developers at market rate; SLA sells land to HDB at private rate.
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Originally posted by βÎτά:
Mr. Khaw said on the news today, if you guys think that the flat is expensive then don't buy, but then again, all the property is controlled by SLA, if you don't buy where are you going to live.
SLA sells land to private developers at market rate; SLA sells land to HDB at private rate.
Not buying is one thing.
As mentioned earlier, this project could become a price reference point in the future for nearby new HDB flats.
If this DBSS flat is selling for $1 million 5 years later, I don't think they are going to price a similar 5 room flat just across the street at say $400,000.
Future generations will suffer big time.
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Originally posted by charlize:
Not buying is one thing.
As mentioned earlier, this project could become a price reference point in the future for nearby new HDB flats.
If this DBSS flat is selling for $1 million 5 years later, I don't think they are going to price a similar 5 room flat just across the street at say $400,000.
Future generations will suffer big time.
If its really so expensive, why are people still buying ??? I dun understand.....
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So now Khaw is trying to kio sai for Mah. I believe the latter wanted a kind of flat which was condominium like yet still subjected to HDB rules. Haha and there was no clause to prevent the private developer from setting whatever price they wanted.
Don't worry, there will be buyers.....with very very empty CPF accounts when they retire. hahahaha.
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Even the 3rms costs S$510k !!! Ridiculous right ??