HDB flats still very affordable

[mr funny]

http://www.straitstimes.com/ST%2BForum/Story/STIStory_336237.html

February 10, 2009 Tuesday

HDB flats still very affordable


IN MS Linda Pang's letter last Wednesday, she asked the Housing Board to review the selling price of its flats.

The half-million-dollar flats she mentioned are new flats located in the mature towns. In view of their prime locations, they command relatively higher prices. Nonetheless, these flats are sold at subsidised prices, compared to equivalent resale flats in these prime areas.

We agree with Ms Pang that Singaporeans should exercise prudence and make sure they buy a flat within their means. HDB offers a variety of flats with a range of prices, locations, sizes and attributes to cater to the different needs, preferences and budgets of flat buyers.

For example, in the recent Build-to-Order launches in December last year in Yishun, Choa Chu Kang and Punggol, the prices of flats ranged between $76,000 and $90,000 for two-room flats, $120,000 and $148,000 for three-room flats, and $197,000 and $316,000 for four-room flats.

Based on these selling prices, most households can service their mortgage loans entirely from their CPF contributions. They do not need to fork out cash for their monthly housing loans. This is very affordable by any standards. Flat buyers thus have ample choice of affordable flats.

We thank Ms Pang for her feedback.

Ignatius Lourdesamy
Deputy Director, Marketing & Projects
Housing & Development Board

[august]

For example, in the recent Build-to-Order launches in December last year in Yishun, Choa Chu Kang and Punggol, the prices of flats ranged between $76,000 and $90,000 for two-room flats, $120,000 and $148,000 for three-room flats, and $197,000 and $316,000 for four-room flats.

Based on these selling prices, most households can service their mortgage loans entirely from their CPF contributions. They do not need to fork out cash for their monthly housing loans. This is very affordable by any standards. Flat buyers thus have ample choice of affordable flats.


Ignatius Lourdesamy
Deputy Director, Marketing & Projects
Housing & Development Board

talking thru his ass?? :spliff:

[Zeng Han Jun]

LOL. Yeah I know it is the obvious, but I think they are just trying to put it in a nice way to remind home buyers to buy within their range. I have done some deals where home buyers really stretch themselves too thin financially, and they are stuck right now.

You know especially last year, highly priced condos + 90% financing terms = high installments. Entering into this year, job instability + reduction in pay + high installments + falling valuation = "stuck at current situation with fear about the future".

[ahlahdin]

talking thru his ass?? :spliff:

Must have been smoking something rather powerful.