$880,000: Priciest HDB flats launched in Tampines
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Originally posted by charlize:
I read the 3 room flat floor area is around 667 sq ft.
Half a million for that.
It's affordable.
Really.
You just need to stretch your loans abit longer and work abit longer.
Maybe retirement in your 80s.
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You must be a high earner to think its affordable....for normal and regular guys like myself, its exorbitantly priced....
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Originally posted by charlize:
For the 100K renovation, you can get a bank loan.
But I did not know that DBSS is exclusive to the public ie. cordoned off with a gate. Now that you mentioned it, I recall the Pinnacle at Duxton has this concept.
I am presuming the normal HDB rules apply - 5 year MOP, HDB standard rules in renting out of flats, rules regarding potted plants etc.
Yeah. I think those people who bought duxton probably laughing out loud. Coz its the best investment ever!!.. -
Hi all. I went to the showhouse last friday.
My View:
1) Master Bedroom comes with balcony. Not very impressive and very small as compared to normal HDB.
2) The other 2 rooms are very small and full when placing one queen size bed in each room. You can imagine how bad it is. Ur kids have no place to put their toys or even makeup table for your daughter.
3) Kitchen is ma cham the size of a toilet. It is very small and i suppose you have to shop for small fridge..
4) the dinning area can only fit Round dinning table and not those Lengthy one. Coz you do not have enough space. If you from big family, pls look at elsewhere and not Tampines DBSS.
5) Balcony joined with the living room. So im not sure is consider balcony or living room. Even though the joined, its still small
My conclusion
Go check out 8 Courtyard condo at Yishun. I have good impression with DBSS but i think tampines DBSS is not a good buy for sure...=)
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If 10K combined is eligible for 880K flat, then that means if they increase the income ceiling to 12K combined, a new DBSS flat next time can be sold at 1 million.
As HDB flats cost 1 million, new condo developments will likely not be priced less than 1 million in the future.
And then the property price spirals upwards and out of control as HDB, resale, condos and landed all get caught up in this crazy race to see which ones can break previous records.
Where got bubble?
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Bubble bubble toil and trouble, fire burn and cauldron bubble.
*cackles*
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by then we will have 3:5 millionaires instead of 1:5..
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Another point to note.
Resale flats typically have no price limit restrictions ie. people can sell it for valuation + COV.
If that is so, the DBSS flat which cost 880K can be sold 5 years later at say $1.2 million (valuation) + $200K (COV).
They should know that resale flats, unlike new HDB flats, don't have an income ceiling so it is open to anybody with the cash to buy them.
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Originally posted by charlize:
Another point to note.
Resale flats typically have no price limit restrictions ie. people can sell it for valuation + COV.
If that is so, the DBSS flat which cost 880K can be sold 5 years later at say $1.2 million (valuation) + $200K (COV).
They should know that resale flats, unlike new HDB flats, don't have an income ceiling so it is open to anybody with the cash to buy them.
u forgot hidden expenses and bank mortgages
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I read in other forums, many people are saying if you cannot afford it or think price too high then don't buy lor.
Problem is, the high values affect HDB resale values and new HDB flat prices are priced in relation to these resale values.
This affects all segments of the public housing consumers.
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maybe i should go and apply for fun since no application fee of S$10 is required even though i cant afford it....... once balloted , just give up on the selecting of flats...... make them busy....
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Originally posted by lemon1974:
maybe i should go and apply for fun since no application fee of S$10 is required even though i cant afford it....... once balloted , just give up on the selecting of flats...... make them busy....
Go and find out if there is any penalty fee imposed on rejection before you go ahead. -
Originally posted by shanfan:
Go and find out if there is any penalty fee imposed on rejection before you go ahead.no penalty if u have not selected anything........they never give detailed pricing mah.... a lot of ppl also give up on BTO....
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Originally posted by lemon1974:
no penalty if u have not selected anything........they never give detailed pricing mah.... a lot of ppl also give up on BTO....
Surprise there is no detailed pricing. This allows them freedom to add in more costs for ultimate profiteering.And so many goon singaporeans still serious to go buy it. CMI!
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Originally posted by lemon1974:
maybe i should go and apply for fun since no application fee of S$10 is required even though i cant afford it....... once balloted , just give up on the selecting of flats...... make them busy....
No wonder always over subscribed.
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It has been reported that the highest price is now $778K as inidicated by the developer.
A $100K discount from the original $880K.
Looks like public outcry does work after the GE.
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Originally posted by charlize:
It has been reported that the highest price is now $778K as inidicated by the developer.
A $100K discount from the original $880K.
Looks like public outcry does work after the GE.
I think Simlian is just trying their luck.. But what if singaporean still keep making noise say too ex? possible to lower to 500k bo?
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ST says it is thanks to Khaw's blog that the prices came down. I think netizens are negligible. And the ST Forum's reply to Patrick Tan's questions on DBSS, they shift the blame to the private developer, saying that if the prices are too high, no one will buy.
The developer surely would have done their market research before they priced it that high, they think it's a suka suka thing? lol
My god, the poor kids who read the newspapers, they subconsciously ingrain themselves with such crap, day by day, dosage by dosage.
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S$700k+ is still very expensive leh....
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Originally posted by Demon Bane:
S$700k+ is still very expensive leh....
There is no such thing as expensive flats.
Only "affordable" flats.
Repeat after me.
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You all go ahead and buy....I'll wait patiently for the prices to crash....
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Originally posted by Rock^Star:
ST says it is thanks to Khaw's blog that the prices came down. I think netizens are negligible. And the ST Forum's reply to Patrick Tan's questions on DBSS, they shift the blame to the private developer, saying that if the prices are too high, no one will buy.
The developer surely would have done their market research before they priced it that high, they think it's a suka suka thing? lol
My god, the poor kids who read the newspapers, they subconsciously ingrain themselves with such crap, day by day, dosage by dosage.
Poor developer.
As a private company it was just trying to make more money.
Too bad some people at the top made the housing situation so bad that they had to suffer such a backlash from the public.
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Originally posted by Demon Bane:
You all go ahead and buy....I'll wait patiently for the prices to crash....
You wait nong nong.
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Are there any Singaporean buying those expensive flats? I heard many are foreigners leh....is it true ?