New HDB flats to become cheaper

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
#31
(10-12-2014, 08:57 AM)corydorus Wrote: I do not understand about the renting part from Khaw. If is a room out or two, this are rented to people who are students or non PR or PR of low income. HDB owners are much lesser impacted. The main issue is renting out HDB where owner can afford to buy another private. This group actually competes ! I think that's the issue which he seems trying to protect or did i read wrongly ?

if paid cash for hdb and private, then Govt really dont care. If everyone leverage up with 2 outstanding loans, it is a systemic accident waiting to happen when 1 HDB rent income leg goes to zero. When everyone executing the same strategy, you know the end of that strategy is near.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
Reply
#32
Agree... Problem is those who buy with cash you also dunno if they levered offshore. And if they "pok" on systematic risk, then the property market will also fire-sale. But it is still much better to make it structurally difficult for people to lever up.

That's the problem with globalisation. Govt is worried about man on the street and the financial institutions. Besides lower LTV I think they should increase the capital charge on mortgage to reduce the incentive to increase mortgage book.

That's why I think having a segregated HDB market mainly for citizens and a pte market, though not perfectly exclusive, is a good policy and should stay.
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

Think Asset-Business-Structure (ABS)
Reply
#33
The previous MND leadership believes in FREE MARKET sorts out all the problems. And Mah keep remembering the ghost of oversupply even when there were so many FT coming in.

It takes them a big election loss to start listening and focus on the voice of the people.

So far HDB has been the organisation which has made the most significant improvement.

As I said, Minister Khaw Boon Wan is an excellent sweeper. He swept the nightmare of the insufficient hospitals. Now he cleared a big chunk of the housing problems. The hardest part is to engineer a soft landing of the private condo prices.
Reply
#34
Khaw happened to be the iCON while Mah was the creator of the problem... both wear White leh... hence I remain unconvinced especially since all the problems started post the initiative for IR, ie 04/05 after PM Lee succeeded GOH...

(10-12-2014, 04:59 PM)Contrarian Wrote: The previous MND leadership believes in FREE MARKET sorts out all the problems. And Mah keep remembering the ghost of oversupply even when there were so many FT coming in.

It takes them a big election loss to start listening and focus on the voice of the people.

So far HDB has been the organisation which has made the most significant improvement.

As I said, Minister Khaw Boon Wan is an excellent sweeper. He swept the nightmare of the insufficient hospitals. Now he cleared a big chunk of the housing problems. The hardest part is to engineer a soft landing of the private condo prices.
Reply
#35
with the number of BTOs coming out for this few quarters, i feel there will be further softening of HDB prices. i guess reversal most likely after Q2 2016. This is also depending on the government policy
Reply
#36
down down down! Big Grin don't play with our HDB FLATS!!

Tongue
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
Reply
#37
Sorry I will sound like a broken recorder

The overall residential property market will be facing a supply glut. Currently, our small island has 1M HDB flats, 294k Condos units, 14.6k EC units, 6.5 k landed and with a 5.47 Million population (including maids, construction workers, foreign students, expats and their families), we have a ratio of 4.15 ppl to one residential unit. This figure of 4.15 will fall even more since we have 190k more units in supply to 2018. That is an 14.5% increase, unless our population grows by 14.5% in the next 3 years; expect prices across all residential segments to fall till then. In fact housing rents are now falling and since rent is a determinant of prices, the latter will eventually follow.

*to grow 14.5% means our population will be 6.25M in 2018. In 2013, our citizens had a big uproar when the much hated population white paper released a population target of 6.9 Million in 2030.
Reply
#38
With more concrete buildings more taxis no wonder more people turning on air con and more heart generated. The weather here really lousy compared to twenty years ago.
Reply
#39
(29-04-2015, 09:14 PM)pianist Wrote: With more concrete buildings more taxis no wonder more people turning on air con and more heart generated. The weather here really lousy compared to twenty years ago.

The root cause is the increasing population and density. It is simply not sustainable.
Reply
#40
And we still don't know what is the breakdown in cost of building a HDB flat...
The toughest thing to do is have to wait for the opportunity patiently.
Reply


Forum Jump:


Users browsing this thread: 2 Guest(s)