Singapore time 8.41 am 14th January 2008
The price of new private designed unbuild HDB flats at Boon Keng Road are stiff and will give false sign to home buyers. For a 3 room-flat it costs S$349,000 to S$394,000. For a 4 room-flat it costs S$523,000 to S$ 597,000. And for a 5 room-flat it cost about S$536,000 to 727,000.
This price should be the subsidised price as compared to market price ? Or is this the market price ? If they are subsidised, then the market price will be higher by over 20% or more.
These flats are not condo with swimming pool and private compound. It is just the unit price. With demand, the false impression given is that HDB might build more of these flats in the future. In a way, this will increase the price of all HDB flats on a whole. Are we building a housing bubble ? Is this what the PAP or HDB want to see in the future ?
My flat was bought in 1978 for S$28,000. It is 4 room new NG type with flooring done. The market value is about S$200,000. Floor undone then it was priced at S$22,500.
So with new bunch mark for new flats, people will go for new rather then old flats. So old estate will have stagnant price. They can go up if more PRs buy them.
My suggestion is for all new HDB flats to be quoted at market price so all eligible residents can buy including PRs. Discount then can be deducted to eligible successful applicants like first time buyer for Singapore citizens. In this way, people can compare the price of HDB against private developments.
It is no use harping to citizens that HDB flats are subsidised. At market price and discount later, Singaporeans will know whether PAP government is telling lies.
Hello, I am a Singapore Chinese. My purpose of a blog is to spread the message of TRUTH. I studied most scriptures and come to know the secret of most scriptures. The TRUTH is that your spiritual soul is your own God. Other spiritual souls of other people are their own Gods. They cannot help you. Only your own spiritual soul can help you. It is sited at the Mark on your forehead. This Mark has to be Sealed, so we can return.
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- Kew Kah Fatt
- I am about 1.64 metre, a Chinese born in Singapore to a Hakka father, but was later given to his dead brother as his son to continue his line of descendants. I am retired. So I pass time reading newspaper or sometime scriptures. I meditate in the morning and before going to bed. I seldom meditate now, only roll up my tongue whole day. I am on liquid diet or fruits diet. My back account is UOB UNIPLUS 394-372-203-8 SGD.
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