View Full Version : Do new HDB rules against PRs subletting flats reveal alarming trends?
I think no.. I agree with one commentator in this article that it is just to distinguish the benefits of Singaporeans over foreign residents. http://sbr.com.sg/residential-property/exclusive/do-new-hdb-rules-against-prs-subletting-flats-reveal-alarming-trends
What 'ya think?
I think no.. I agree with one commentator in this article that it is just to distinguish the benefits of Singaporeans over foreign residents. http://sbr.com.sg/residential-property/exclusive/do-new-hdb-rules-against-prs-subletting-flats-reveal-alarming-trends
What 'ya think?
No point thinking so much - only they have the stats.
My thoughts are, the slew of pro-SG policies will increase the citizen population even though the number of newborn Singaporeans continue to dip. Nuff said.
Wild Falcon
18-07-12, 14:42
Seriously, the PRs in SG given too much benefits liao until take away a bit they kao bei kao bu. Name me another country in the world where PRs can buy government subsidised housing and and still rent out?
Seriously, the PRs in SG given too much benefits liao until take away a bit they kao bei kao bu. Name me another country in the world where PRs can buy government subsidised housing and and still rent out?
i also say...:football:...kelong:scared-3:
Seriously, the PRs in SG given too much benefits liao until take away a bit they kao bei kao bu. Name me another country in the world where PRs can buy government subsidised housing and and still rent out?
Isn't the government subsidy only available to the citizens?
Allthepies
18-07-12, 21:40
if u think abt it, this is one way for citizens to offload over priced hdb to pr. so better not discuss this topic too much.....
bakasa2002
18-07-12, 22:41
Isn't the government subsidy only available to the citizens?
He is not talking about housing grant, he's talking about PR+PR can buy resale flat, then after MOP can rent out flat for income?
He is not talking about housing grant, he's talking about PR+PR can buy resale flat, then after MOP can rent out flat for income?
HDB flats can be called "government subsidized public housing" only when buyers receive government subsidy at the time of purchasing
All the resale flats come from citizens. When a PR buys a resale flat from a seller, he/she not only does not receive the government grant but pay a COV to the seller.
In a sense this PR is a subsidy granter rather than receiver
HDB flats are no longer "public housing" once they are sold by the 1st buyer to an individual. At best they are "modest cost housing product"
Hmmm... never thought about it this way... you do have a good point.
HDB flats can be called "government subsidized public housing" only when buyers receive government subsidy at the time of purchasing
All the resale flats come from citizens. When a PR buys a resale flat from a seller, he/she not only does not receive the government grant but pay a COV to the seller.
In a sense this PR is a subsidy granter rather than receiver
HDB flats are no longer "public housing" once they are sold by the 1st buyer to an individual. At best they are "modest cost housing product"
if u think abt it, this is one way for citizens to offload over priced hdb to pr. so better not discuss this topic too much.....
Why not discuss this? Precisely becos these rich PRs drive up resale prices, Singaporean couples who cannot qualify or afford to wait for new flat have to pay sky high prices. So unfair!
So are u saying is Singaporeans shouldn't sell to PRs in the first place?
Why not discuss this? Precisely becos these rich PRs drive up resale prices, Singaporean couples who cannot qualify or afford to wait for new flat have to pay sky high prices. So unfair!
Why not discuss this? Precisely becos these rich PRs drive up resale prices, Singaporean couples who cannot qualify or afford to wait for new flat have to pay sky high prices. So unfair!
To be fair, how about only Singaporeans can own HDB flats?
So are u saying is Singaporeans shouldn't sell to PRs in the first place?
He is saying rich PR driving up public housing due to lax policy
To be fair, how about only Singaporeans can own HDB flats?
I do not mind buying a public housing in hk if I can, provided if I can get their PR so easily.
HDB flats can be called "government subsidized public housing" only when buyers receive government subsidy at the time of purchasing
All the resale flats come from citizens. When a PR buys a resale flat from a seller, he/she not only does not receive the government grant but pay a COV to the seller.
In a sense this PR is a subsidy granter rather than receiver
HDB flats are no longer "public housing" once they are sold by the 1st buyer to an individual. At best they are "modest cost housing product"
Tell that to the HDB's panel of valuers and they can confirm even the resale HDB is subsidized.
When a property valuation is control, the property is subsidized by someone.
Valuation Process
The valuations are carried out by HDB's panel of valuers who are professionally qualified and licensed by the Inland Revenue Authority of Singapore (IRAS).
Listed below are the procedures on how a valuation process is carried out:
1 On receiving the completed request form with the payment, HDB will assign a valuer randomly from its panel to assess the flat’s value.
2 The valuer will arrange with the flat owner to view the flat for assessing the value of the flat
3 The valuation report is usually ready within 2 weeks after the valuer’s visit and will be sent to the requestor by post
4 The valuation report is valid for a period of 3 months from the date of the report
Yes I get that... but the PRs can only buy from other Singaporeans in the first place right?
So the only solution is that Singaporeans don't sell to PRs... is he suggesting that? Or as Spincity suggests, legislation to restrict HDB to only Singaporeans regardless of new or resale.
This will bring about another set of problems... if Singaporeans are restricted to only selling to Singaporeans then they would not be able to achieve the quantum jump required to move to the next level onto PCs. The next thing is that HDB owners will be complaining that the government is preventing them a chance to upgrade to PCs.
Btw, rich PRs don't buy HDB. PRs that buy HDB are not rich...
He is saying rich PR driving up public housing due to lax policy
PR in HKG not that difficult... public housing? that's another matter.. have you seen what their public housing is like btw?
I do not mind buying a public housing in hk if I can, provided if I can get their PR so easily.
Yes I get that... but the PRs can only buy from other Singaporeans in the first place right?
So the only solution is that Singaporeans don't sell to PRs... is he suggesting that? Or as Spincity suggests, legislation to restrict HDB to only Singaporeans regardless of new or resale.
This will bring about another set of problems... if Singaporeans are restricted to only selling to Singaporeans then they would not be able to achieve the quantum jump required to move to the next level onto PCs. The next thing is that HDB owners will be complaining that the government is preventing them a chance to upgrade to PCs.
Btw, rich PRs don't buy HDB. PRs that buy HDB are not rich...Yes, Singaporean can only sell public housing to PR convert sg citizen
Hmmm... never thought about it this way... you do have a good point.
Ever occur to you why HDB need COV.
I sold my 4 room A model in 1995 with a valuation of 195k for 285k. I was told by the HDB valuers they need HDB approval after their valuation and I ask them, why then should I pay for Valuation when HDB is the one to decide the value of my unit.
Maybe you should ask the valuer the next time you do a valuation of your HDB.
Valuation Process
The valuations are carried out by HDB's panel of valuers who are professionally qualified and licensed by the Inland Revenue Authority of Singapore (IRAS).
Listed below are the procedures on how a valuation process is carried out:
1 On receiving the completed request form with the payment, HDB will assign a valuer randomly from its panel to assess the flat’s value.
2 The valuer will arrange with the flat owner to view the flat for assessing the value of the flat
3 The valuation report is usually ready within 2 weeks after the valuer’s visit and will be sent to the requestor by post
4 The valuation report is valid for a period of 3 months from the date of the report
PR in HKG not that difficult... public housing? that's another matter.. have you seen what their public housing is like btw? not difficult? U sure? U have not seen the worst part Of Singapore. Pee outside my lift lobby, staircase n lift. The ground floor smell like pee everyday. I'm not kidding.
Ok... that is your opinion.
Chances are more people will be unhappy when you don't allow them to profit on their HDB. You may be depriving them of a possibility of an upward mobility.
And when they can't profit, they can't make the jump to PC as the gulf is too wide. It will be even wider since PRs can't buy HDB (even resale) then the private market will be even pricier bcoz the are forced to enter the private market.
Singaporeans may be resigned to be stuck to HDB.
Yes, Singaporean can only sell public housing to PR convert sg citizen
Ok... that is your opinion.
Chances are more people will be unhappy when you don't allow them to profit on their HDB. You may be depriving them of a possibility of an upward mobility.
And when they can't profit, they can't make the jump to PC as the gulf is too wide. It will be even wider since PRs can't buy HDB (even resale) then the private market will be even pricier bcoz the are forced to enter the private market.
Singaporeans may be resigned to be stuck to HDB. public housing shouldn't be make profit out of it in the first place. Yes, singaporean earning less than 12k should resigned to be stuck in hdb
buttercarp
19-07-12, 19:36
public housing shouldn't be make profit out of it in the first place. Yes, singaporean earning less than 12k should resigned to be stuck in hdb
LOL...... tell this to yowetan.
To me, public housing at affordable price is a birth right for Singaporeans.
Profiting from it especially for the first timers is very crucial in upgrading.
对牛弹琴。。。。。.
Anyway, if need to make profit to upgrade means these people cannot afford pc in the first place
buttercarp
19-07-12, 20:03
对牛弹琴。。。。。.
Anyway, if need to make profit to upgrade means these people cannot afford pc in the first place
对牛弹琴....... LOL :p !
Yup, HDB is a cash cow.
You can celebrate with music after you have profited from it.
N migrate to other country with the cash.....
public housing shouldn't be make profit out of it in the first place. Yes, singaporean earning less than 12k should resigned to be stuck in hdb
There are not many Singaporean individual(s) earning 12k per month.
Being said, I believe alot of those who earns below 10k are getting condominium. Quality lifestyle shouldn't be made exclusive from peasants.
There are not many Singaporean individual(s) earning 12k per month.
Being said, I believe alot of those who earns below 10k are getting condominium. Quality lifestyle shouldn't be made exclusive from peasants.I also know of people earning less than $10k/mth staying in landed. Some are inherited while some are purchased through diligent saving. Anyway, that was like some time back when an interterrace was still only about $1.2 mil. Now abit difficult... :rolleyes:
buttercarp
19-07-12, 20:20
There are not many Singaporean individual(s) earning 12k per month.
Being said, I believe alot of those who earns below 10k are getting condominium. Quality lifestyle shouldn't be made exclusive from peasants.
If peasants can afford, then it is not considered exclusive anymore.
To me the only exclusive forms of housing are GCB and Sentosa Cove Bungalows.
I also know of people earning less than $10k/mth staying in landed. Some are inherited while some are purchased through diligent saving. Anyway, that was like some time back when an interterrace was still only about $1.2 mil. Now abit difficult... :rolleyes:
It is achievable, as long people under one roof united.
If peasants can afford, then it is not considered exclusive anymore.
To me the only exclusive forms of housing are GCB and Sentosa Cove Bungalows.
All Singaporean deserves a chance in their lifetime to get their dream house/home.
Anyway, if need to make profit to upgrade means these people cannot afford pc in the first place
Aiyo why u so arrogant ? Nothing wrong for ppl to "upgrade" ... PAP does give ppl hope on this, think it's a good policy.
Disclaimer, I have never upgraded so dun say I say that cause I benefited.
Allthepies
19-07-12, 20:41
Why not discuss this? Precisely becos these rich PRs drive up resale prices, Singaporean couples who cannot qualify or afford to wait for new flat have to pay sky high prices. So unfair!
it is not good to keep highlightng something tat is more advantageous to the citizens. this will alert the PR to the fact tat they r paying stupid high price to purchase resale hdb from citizens. which will probably dash the upgrading dream of citizens.sing couples shld just apply for bto.if cannot wait can stay wif parents first,if die die cannot,then rent first lo.dont always cry unfair. u also need to know tat many citizens r hogging onto hdb while staying in condo or landed.
There are not many Singaporean individual(s) earning 12k per month.
Being said, I believe alot of those who earns below 10k are getting condominium. Quality lifestyle shouldn't be made exclusive from peasants.
Total household .....
Aiyo why u so arrogant ? Nothing wrong for ppl to "upgrade" ... PAP does give ppl hope on this, think it's a good policy.
Disclaimer, I have never upgraded so dun say I say that cause I benefited.
Not arrogant le... Just like I buy lv, prade chanel With credit card n make min payment every month. I can afford all these with credit card
it is not good to keep highlightng something tat is more advantageous to the citizens. this will alert the PR to the fact tat they r paying stupid high price to purchase resale hdb from citizens. which will probably dash the upgrading dream of citizens.sing couples shld just apply for bto.if cannot wait can stay wif parents first,if die die cannot,then rent first lo.dont always cry unfair. u also need to know tat many citizens r hogging onto hdb while staying in condo or landed.
Then convert to sg citizen and buy 1 hdb and 10 condo Lor
Total household .....
That will be a reasonable statement then.
Having said that, I feel my household income of 7k+ with disposal income would suffice for a Mt Sinai condo.
if u think abt it, this is one way for citizens to offload over priced hdb to pr. so better not discuss this topic too much.....
my company got one pr few years ago bought 5rm flat with 4 bedrooms...he stay masterbed room with his family rent out other 3rms to his foreigner friends...rental more than cover his mortgage and running expenses...plus his flat appreciate more than 100k over a few years...HE IS SMILING to the bank...earn MUCH MUCH more than he can ever dream off by slogging his ASS off working like a DOG :o
phantom_opera
19-07-12, 21:41
my company got one pr few years ago bought 5rm flat with 4 bedrooms...he stay masterbed room with his family rent out other 3rms to his foreigner friends...rental more than cover his mortgage and running expenses...plus his flat appreciate more than 100k over a few years...HE IS SMILING to the bank...earn MUCH MUCH more than he can ever dream off by slogging his ASS off working like a DOG :o
Aiyo he needs to sacrifice his family privacy and space to rent out rooms ... Singaporeans also can what but who wants to do if given a choice??
Appreciate 100k? In today's high inflation environment, that is peanut.
Aiyo he needs to sacrifice his family privacy and space to rent out rooms ... Singaporeans also can what but who wants to do if given a choice??
Appreciate 100k? In today's high inflation environment, that is peanut.
Can buy Cat B COE and still got change...;)
Aiyo he needs to sacrifice his family privacy and space to rent out rooms ... Singaporeans also can what but who wants to do if given a choice??
Appreciate 100k? In today's high inflation environment, that is peanut.
he is from china....to him its a small fortune....:rolleyes:...when time comes he says he will pack up and go home....with a BIG THANK YOU singapore...:o
Aiyo he needs to sacrifice his family privacy and space to rent out rooms ... Singaporeans also can what but who wants to do if given a choice??
Appreciate 100k? In today's high inflation environment, that is peanut.
their family values are NOT like us singaporeans...:(
he is from china....to him its a small fortune....:rolleyes:...when time comes he says he will pack up and go home....with a BIG THANK YOU singapore...:o
Cannot blame the PR. To them sg is like public toilet. They just come in to shit. Sg is the public toilet and we are the toilet bowl.
my company got one pr few years ago bought 5rm flat with 4 bedrooms...he stay masterbed room with his family rent out other 3rms to his foreigner friends...rental more than cover his mortgage and running expenses...plus his flat appreciate more than 100k over a few years...HE IS SMILING to the bank...earn MUCH MUCH more than he can ever dream off by slogging his ASS off working like a DOG :o
Ahhh.... but what about the Singaporean who sold the flat to him?
maybe he bought 2 condos with the profit, renting out one and staying in the other.... the rental covers his mortgage of both condos and over the years the condos appreciated a total of $500K.
Ahhh.... but what about the Singaporean who sold the flat to him?
maybe he bought 2 condos with the profit, renting out one and staying in the other.... the rental covers his mortgage of both condos and over the years the condos appreciated a total of $500K.
And we are still here serving the nation. You still don't understand. Anyway, it's never ending.... Will stop my childish argument here.
Understand what?... you trying to teach me something isit?
Chill lah.... this is a property forum, don't get so worked up over political matters lah...
And we are still here serving the nation. You still don't understand. Anyway, it's never ending.... Will stop my childish argument here.
Ahhh.... but what about the Singaporean who sold the flat to him?
maybe he bought 2 condos with the profit, renting out one and staying in the other.... the rental covers his mortgage of both condos and over the years the condos appreciated a total of $500K.
i pray to god that the singaporean had the brains to do that... and NOT buy a new car... go holiday....go CASINO:scared-1:...blow his $$$ away and then KPKB...:doh:
...forgot to add in the forum....:D
And we are still here serving the nation. You still don't understand. Anyway, it's never ending.... Will stop my childish argument here.
its the same all over the world how u think the australians...canadians...americans feel to see asians eating up their country....:rolleyes:
its the same all over the world how u think the australians...canadians...americans feel to see asians eating up their country....:rolleyes:
Ya Lor,and yet those ang mo complain saying that sg shouldn't get priority over jobs. They don't think of that in their home country
Though I never had the chance as a Singaporean to capitalise on HDB, since I never ever bought one (whether new or resale) I don't begrudge those who do.
I just hope that when Singaporeans turnover their flat, they do something useful with the extra money. I would like to think most Singaporeans are prudent... if not then they shouldn't sell their HDB in the first place.
i pray to god that the singaporean had the brains to do that... and NOT buy a new car... go holiday....go CASINO:scared-1:...blow his $$$ away and then KPKB...:doh:
...forgot to add in the forum....:D
Though I never had the chance as a Singaporean to capitalise on HDB, since I never ever bought one (whether new or resale) I don't begrudge those who do.
I just hope that when Singaporeans turnover their flat, they do something useful with the extra money. I would like to think most Singaporeans are prudent... if not then they shouldn't sell their HDB in the first place.
For those who are not prudent there is changi beach...:D
That will be a reasonable statement then.
Having said that, I feel my household income of 7k+ with disposal income would suffice for a Mt Sinai condo.
No problem, u can pack ur family, ur PIN and parents into two rooms, and rent out 3 units of HDB....and keep all the rental income in your pocket
All Singaporean deserves a chance in their lifetime to get their dream house/home.
This is not a statement of fact....
Do u know how many families in Sg on social assistance....
why ALL Singaporean deserves? If I am a Singaporean, I dun work, I also deserve? if u can give me that, I will give u my vote to be MP
No problem, u can pack ur family, ur PIN and parents into two rooms, and rent out 3 units of HDB....and keep all the rental income in your pocket
Yowetan is the epitome of 房奴。
phantom_opera
21-07-12, 13:12
Yowetan is the epitome of 房奴。
房奴 means you are enslaved by your roof ... more like 高档公寓饥渴症
房奴 means you are enslaved by your roof ... more like 高档公寓饥渴症
他应该去看＂蜗居'
真是他的写照
Cannot blame the PR. To them sg is like public toilet. They just come in to shit. Sg is the public toilet and we are the toilet bowl.
Wow u r a bit too much .... Cool it..
I know of a PR couple who are going to offer 100k COV for a singaporean's 40ys old 3rm HDB. The singaporeans are very happy. All retirees. Can enjoy life now.
many of you attack YT.
1) malay kid play all day long
2) chinese kid study all day long
present time.
which kid is happier? which family is happier? both family same wealth.
future time
which adult would be happier? which family would be happier?
which family would be wealthier?
when chinese children get below 90 marks kena caned.
we demand our children to sacrifice play time for study time.
we tell our kids, this is for your own good, for your future. later then you can enjoy.
why cant we adults sacrifice our comfortable lifestyle for our kids?
why cant YT's parents and PIL sacrifice their comfort, their retirement for their kids and their grandchildren?
when we become parents, grandparents, are we supposed to forget the word "sacrifice"?
Allthepies
21-07-12, 15:54
my company got one pr few years ago bought 5rm flat with 4 bedrooms...he stay masterbed room with his family rent out other 3rms to his foreigner friends...rental more than cover his mortgage and running expenses...plus his flat appreciate more than 100k over a few years...HE IS SMILING to the bank...earn MUCH MUCH more than he can ever dream off by slogging his ASS off working like a DOG :o
Kudos to this PR for working "hard" for his goal/dream. Many Singaporean couples can live with their parents and rent out their hdb/condo. But they desire privacy and choose not too. It's their choice. If u desire to be rich yet can't make any sacrifice, then forget about it unless u born with a silver spoon. :doh: :doh:
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