PDA

View Full Version : Singles to be allowed to buy new HDB flats this year: Khaw


Ringo33
15-01-13, 00:03
Finally. How will this affect HDB resale price?

http://www.channelnewsasia.com/stories/singaporelocalnews/view/1247908/1/.html
kane
15-01-13, 00:10
more buyers for new HDB. less demand for smaller PC units from this group this they have more options. BUT, what kind of sizes of HDB flat can this group buy?
Kanarazu
15-01-13, 05:35
Finally. How will this affect HDB resale price?

http://www.channelnewsasia.com/stories/singaporelocalnews/view/1247908/1/.html

Weaker demand for HDB 3 bed room flats and private mm units.
hyenergix
15-01-13, 05:44
"We will be revising our policies to allow singles to buy new HDB flats with certain restrictions. However, there are no plans to lower the minimum age, as marriage rates are highest between the ages of 25 and 34," he added.

Not much impact on MM actually as it is almost the same situation as now just that they are allowed to buy BTO. This was announced a few months ago. MM supplies are insufficient also.
NorthernStar
15-01-13, 05:51
it should not affect mm much as HDB 3-room and mm are different lifestyles and price-tag. much affected one should be the resale HDB 3-room.
ysyap
15-01-13, 05:54
BTOs are already in hot demand for the married. To add the singles means MND must build more and more. Can they deliver or its another situation to send HDB prices up. Now PC prices are stabalized or even falling over the last CM. Gap between HDB prices and PCs are narrowing further? :scared-5:
hyenergix
15-01-13, 06:06
BTOs are already in hot demand for the married. To add the singles means MND must build more and more. Can they deliver or its another situation to send HDB prices up. Now PC prices are stabalized or even falling over the last CM. Gap between HDB prices and PCs are narrowing further? :scared-5:

I think global economy in 2013 will be better, so prices will hold while transactions come down.

The only price corrections are those corrected artificially at new launches at which the developer cannot be too bullish (20-30% premium over resale psf nearby) or they give extra discount until you blur 10%+2%+3%+1%+7%+.... (but in fact they jacked up the price already.)

HDB prices should continue to gradually increase because of new citizens.
RCT
15-01-13, 06:15
Resale market and PC will be hit again... Now after the latest measures who will not be affected... Singles only.. Now those age 33 years old and above will stop buying PC and wait for New HDB...
hyenergix
15-01-13, 06:17
Resale market and PC will be hit again... Now after the latest measures who will not be affected... Singles only.. Now those age 33 years old and above will stop buying PC and wait for New HDB...

Do you know where the BTOs will be located? :p
RCT
15-01-13, 06:40
Do you know where the BTOs will be located? :p

Maybe in Seng Kang like La Fiesta... Punggol like River Isles..... Tampines like Qbay... Just maybe... But I feel will be Punggol and Seng Kang...
Rosy
15-01-13, 07:12
Age requirement at 35 stay.

Singles most likely only allowed to purchase 2/3rm flat with income ceiling 5k and 8k respectively.

It will affect resale 3rm flat slightly.
NorthernStar
15-01-13, 07:23
many btos are bough by 2nd timer. When the HDB ready in 3 years time, these 2nd timer need to sell their 1st HDB.. supply will be there.. and from KBW in this message in end 2011, almost 1st timer's need have been clear.. The launches in 2012 sure has some extra units to cater for the singles.

btw, i notice some places also building HDB flats (1 or 2 blocks) but they are not in the BTO announcement.
Rosy
15-01-13, 07:26
btw, i notice some places also building HDB flats (1 or 2 blocks) but they are not in the BTO announcement.
Those could be hdb rental flats.
star
15-01-13, 10:08
It will not even affect HDB 3room flat at all and not even mm.
Pls read carefully for the past 10years only 18000 bought resale flat. So only 1800 per year. While in the past condo mm and hdb flat price continue to go up.
mcmlxxvi
15-01-13, 10:13
"We will be revising our policies to allow singles to buy new HDB flats with certain restrictions. However, there are no plans to lower the minimum age, as marriage rates are highest between the ages of 25 and 34," he added.

Not much impact on MM actually as it is almost the same situation as now just that they are allowed to buy BTO. This was announced a few months ago. MM supplies are insufficient also.

BTO also need 3 to 4yrs to build. By then Lao kok kok liao buy retirement studio better LOL
eng81157
15-01-13, 10:18
in the past, 1/2R flats are normally rather crummy, and the neighbourhood is left much to be desired.

would well-heeled working class singles buy into this?
mcmlxxvi
15-01-13, 10:27
in the past, 1/2R flats are normally rather crummy, and the neighbourhood is left much to be desired.

would well-heeled working class singles buy into this?

Usually in very matured estates. I will buy and knock down walls n major makeover.

But since we are talking brand new bto here, we digressed.
DC33_2008
15-01-13, 16:38
Bidadari will be the next popular place for BTOs. ;)
Do you know where the BTOs will be located? :p
hyenergix
15-01-13, 16:40
Bidadari will be the next popular place for BTOs. ;)

Actually I was teasing RCT. The government will most prob build them at ulu place.