HDB to slow supply of flats from next year

[brattzz]

I don't think the current Garment wants enough to understand the plight of the low-middle incomers...
They simply cannot connect with them!

Garment's KPI does not include Low-middle incomers!

[yawnyawn]

In my own opinion, Malaysians and other FT are essential to our economy. Simple because many of them are willing to do jobs our locals tend to avoid and at lower wages (e.g. retail, F&B, IT related and I am not referring to construction and garbage collection). Without them, we would have to raise wages of this sector which in turn leads to higher COL.

As for housing, because these group of workers are not housed in dorms and with their lower wages are unable to rent private apts. HDB flats has become a viable option to house and let them work here.

Just a question, do you think the proposed MND rule will push HDB flat areas (with lower foreigners staying) to higher prices. This is because there will be increase in demand rental for this flats and thus drive HDB resale prices.

I will tend to think with all these restrictions in foreigners renting HDB flats, foreigners working here may turn to the private market.

Condo landlords gain while HDB landlords lose out which in turns lead to higher condo prices and lower resale hdb prices. just my simple reasoning and i welcome valuebuddies here who are more familiar with property to give their views.

Thanks.

[chialc88]

make perfect sense.
in fact, MND/HDB dare to tighten sublet rule tells you that this sector of the market is still growing aka not slow down yet!



A Life not Reflected is a Life not Worth Living.

[Temperament]

T, don't says collapse lar...
sound so depressing...

Lets say situation had matured that Singapore seek to re-merge with Malaysia... ok?




A Life not Reflected is a Life not Worth Living.

O.K.
What i mean is the people is so badly depressed too that they don't mind the "Bumiputra Policies" anymore compare to Local GOV's policies. Then it will happen.

[chialc88]

T, of course... situation had matured and reached a stage that nobody mind at all...

** frame on **
Malaysia PM happily raise a toast to the full cabinat present from both Malaysia and Singapore inside the house of the well respected Johor Bahru Saultan.

"A toast to mark the beginning of EID celebration and many good year ahead. I am in particular, very happy to see that the entire Singapore cabinat... for the whole quasah month... staying in KL, drafting the joint Malaysia-Singapore economy future plan. Their effort is highly commendable and I appreciate their guesture. Now, let's celebrate. Many years of joy together."

A scan of today Singaporean sentiment also reveal that both countries has strong similarity in culture and history. For example, today, 60% of Singaporean already own a retirement home in Johor, KL and Peneng. Especially, Johor, most of the Singaporean envision retiring in Johor as their nature choice.
The remaining 40% Singaporean who did not own or intend to buy a retirement home in Malaysia, will need heavy subsidiary from Singapore GOV. These lower income group will not be able to afford a home in Malaysia. Currently, they are renting one or two room apartment from GOV. They are not expected to retire during their lifetime. Their heavy debt will require them to continue working and pay off their debt until their last day.

** frame off **

T, situation Change and situation can change faster than we anticipated.

Will we are still enjoying the fruits of good GOV and sweat of our parents... we need to be appreciative...
aka do not bite the hand that feed us
- I reminded myself





A Life not Reflected is a Life not Worth Living.

[countonme]

I will tend to think with all these restrictions in foreigners renting HDB flats, foreigners working here may turn to the private market.

Condo landlords gain while HDB landlords lose out which in turns lead to higher condo prices and lower resale hdb prices. just my simple reasoning and i welcome valuebuddies here who are more familiar with property to give their views.

Thanks.

I tend to think that excution of the rules has always been a weakness. There are many rules on PRs pr HDB owners cannot do this/that. But when it comes to reinforcing these rules, they tend to lack determination. So I concur that the headline maybe big, but the impact is small.

[Temperament]

T, of course... situation had matured and reached a stage that nobody mind at all...

** frame on **
Malaysia PM happily raise a toast to the full cabinat present from both Malaysia and Singapore inside the house of the well respected Johor Bahru Saultan.

"A toast to mark the beginning of EID celebration and many good year ahead. I am in particular, very happy to see that the entire Singapore cabinat... for the whole quasah month... staying in KL, drafting the joint Malaysia-Singapore economy future plan. Their effort is highly commendable and I appreciate their guesture. Now, let's celebrate. Many years of joy together."

A scan of today Singaporean sentiment also reveal that both countries has strong similarity in culture and history. For example, today, 60% of Singaporean already own a retirement home in Johor, KL and Peneng. Especially, Johor, most of the Singaporean envision retiring in Johor as their nature choice.
The remaining 40% Singaporean who did not own or intend to buy a retirement home in Malaysia, will need heavy subsidiary from Singapore GOV. These lower income group will not be able to afford a home in Malaysia. Currently, they are renting one or two room apartment from GOV. They are not expected to retire during their lifetime. Their heavy debt will require them to continue working and pay off their debt until their last day.

** frame off **

T, situation Change and situation can change faster than we anticipated.

Will we are still enjoying the fruits of good GOV and sweat of our parents... we need to be appreciative...
aka do not bite the hand that feed us
- I reminded myself





A Life not Reflected is a Life not Worth Living.

"Situation can change beyond our expectations indeed."

Right now Malaysians earning their living in Malaysia and living in Malaysia, aren't they "heavily subsidised by their GOV".

GST will be coming soon for them too. AKA(their GOV is running out of fund?)
And,
Singaporeans find it cheaper living there also because of 2.58 to 1 of Sing$
So if becoming part of Malaysia again, situation can change beyond our expectations indeed.

[specuvestor]

I will tend to think with all these restrictions in foreigners renting HDB flats, foreigners working here may turn to the private market.

Condo landlords gain while HDB landlords lose out which in turns lead to higher condo prices and lower resale hdb prices. just my simple reasoning and i welcome valuebuddies here who are more familiar with property to give their views.

Thanks.

I tend to think that excution of the rules has always been a weakness. There are many rules on PRs pr HDB owners cannot do this/that. But when it comes to reinforcing these rules, they tend to lack determination. So I concur that the headline maybe big, but the impact is small.

The cultural impact is big

I commented in Singapore Conversation that Singaporeans are not anti-foreigners as we all know we were immigrants. Question is whether the newcomers have a vested interest (ie citizens) or just fly by night.

The pace of the immigration makes Singaporeans assimilate to their culture rather than the other way round. Gone are the efforts of 40 years courtesy campaigns.

Not meant to digress but it is obvious that Malaysians have much closer culture with us and understanding of what makes Singapore tick. Though they do not have direct vested interest as well, but I think their incentive is much more higher than any other foreign workers. I agree that Malaysians should be excluded from the calculation.