HDB rents falling

[revhappy]

Just rented a 2+1 nice renovated hdb unit in Tampines st 43 for 2k. Few months back it was impossible to find anything in a hot area like Tampines for less than 2.2k.

Agent told me lot of supply. I can see ads for those mickey mouse condos for 2.5k rental and 2 year leases. Boy many those owners are going to be very nervous soon

[roly8]

alot of condo gonna TOP these few years..
and ton of new HDB coming up..


if you got holding power, there is nothing to worry about..

[latour]

How much is the rental for a 4room HDB flat now in Tampines or Simei, walking distance within 300 meters?

[revhappy]

How much is the rental for a 4room HDB flat now in Tampines or Simei, walking distance within 300 meters?

2.5k to 3k depending upon condition and renovation.

[ikan bilis]

2K rent for a 3rm hdb flat is too high...

a 800K 2/3bdr condo, 640K loan, 30yr, 1.5% per month installment is 2.2K... (or 2% at $2366)

[revhappy]

2K rent for a 3rm hdb flat is too high...

a 800K 2/3bdr condo, 640K loan, 30yr, 1.5% per month installment is 2.2K... (or 2% at $2366)

I am foreigner, not even a PR, so no choice got to bear the rent.

[hyenergix]

I am foreigner, not even a PR, so no choice got to bear the rent.

What made you choose HDB over an MM condo?

[revhappy]

What made you choose HDB over an MM condo?

I would have been ok if it was a 1+1 600sqft like those on flora road, those are good.

But the Mickey mouse are studios 400 sqft, everything in the same room, not used to that kind of concept. I feel it will be claustrophobic especially if someone is staying at home whole day(My wife would be staying at home, and we have a 6 month old baby). MM's are perfect for working couples or singles.

Just my

[ikan bilis]

I am foreigner, not even a PR, so no choice got to bear the rent.

die die must find way to get PR...
360K 3rm hdb, 290K loan, 30yr, 2%, monthly installment at $1072
cpf should be able to cover >S$500...
lagi if wanna rent out 1 bdrm at S$600 will have some spare change back...

[hyenergix]

I would have been ok if it was a 1+1 600sqft like those on flora road, those are good.

But the Mickey mouse are studios 400 sqft, everything in the same room, not used to that kind of concept. I feel it will be claustrophobic especially if someone is staying at home whole day(My wife would be staying at home, and we have a 6 month old baby). MM's are perfect for working couples or singles.

Just my

Thanks. I think it is mainly because you have a kid.

[revhappy]

die die must find way to get PR...
360K 3rm hdb, 290K loan, 30yr, 2%, monthly installment at $1072
cpf should be able to cover >S$500...
lagi if wanna rent out 1 bdrm at S$600 will have some spare change back...

Yeah, gonna apply around april, lets see how it goes.

[revhappy]

Thanks. I think it is mainly because you have a kid.

I think its a matter of getting used to. If you have lived in a place like HK all your life, may be MM is ok. But if you are used to having a seperate bedroom, kitchen, living room then getting used to MM is tough, I guess. I dont know, I am just guessing.

Another thing is we are not really fitness freaks, i.e. going to gym, swimming pool etc. We dont even have a car, I ride a motorbike though.So all the amenities that come with Condo are waste for us. A well renovated HDB would be of better value.

[birdies]

Great news..!! Bubbles bubbles POP POP POP..!!

[Westwind]

I think its a matter of getting used to. If you have lived in a place like HK all your life, may be MM is ok. But if you are used to having a seperate bedroom, kitchen, living room then getting used to MM is tough, I guess. I dont know, I am just guessing.

Another thing is we are not really fitness freaks, i.e. going to gym, swimming pool etc. We dont even have a car, I ride a motorbike though.So all the amenities that come with Condo are waste for us. A well renovated HDB would be of better value.

With a wife and a baby, you should place a premium on space over other considerations.

Just my

[chiaberry]

Yeah, gonna apply around april, lets see how it goes.

All the best! You are very sensible and practical. Sounds like you made a good choice with the current accomodation. See if you can get yr own place when you're PR. Rather than pay so much to rent, it might as well go towards your own pty.

[revhappy]

All the best! You are very sensible and practical. Sounds like you made a good choice with the current accomodation. See if you can get yr own place when you're PR. Rather than pay so much to rent, it might as well go towards your own pty.

Thanks bro

[rick1]

die die must find way to get PR...
360K 3rm hdb, 290K loan, 30yr, 2%, monthly installment at $1072
cpf should be able to cover >S$500...
lagi if wanna rent out 1 bdrm at S$600 will have some spare change back...

which bank gives out 2% housing loan for 30 years? please advise..

[buttercarp]

All the best! You are very sensible and practical. Sounds like you made a good choice with the current accomodation. See if you can get yr own place when you're PR. Rather than pay so much to rent, it might as well go towards your own pty.

Thanks bro

It is sis chiaberry.
All the best too to you, revhappy.
Btw.... what cc motorbike you riding?

[ikan bilis]

which bank gives out 2% housing loan for 30 years? please advise..

heya... you just wanna argue for sake of arguing like what you kept doing at cna side.... you can go on keep renting 3rm hdb and thank you for contributing $$ to the rental market...


~~~~~~~~~~~~~~~~

Senario (A) for TS, low interest rate
- 360K 3rm hdb, 290K loan, 30yr, 2%, monthly instalment at $1072
- cpf should be able to cover >S$500...
- lagi if wanna rent out 1 bdrm at S$600 will have some spare change back... (may be no need to come out cash)


Senario (B) for TS, high interest rate
- say 3rm flat rental crash to $1500/month
- 360K 3rm hdb, 290K loan, 30yr
- interest rate has to gone up to 4.68% for $1500/month instalment

- if he renting out a room at $500, then interest rate has to gone up to 7.36% for $2000/month instalment

- if looking at cashflow with cpf of $500/month utilised, interest rate has to gone up to 9.79% for $2500/month instalment (meaning say if he can only afford to come out cash of S$1500/month max, he will only get into trouble when interest rate is at 9.79%)

- HDB is his after the 30yrs... and not paying at may be $6K/month rent for a 3rm hdb 30yrs later....

~~~~~~~~~~~~~~~

for rick1, nobody put a gun at your head asking you to buy, ofcoz you can go on keep renting your 3rm hdb and feed your landlord fat-fat, while everyday worrying about iran war, europe collapse, retrenched and etc... that's your choice mah, bro...

[devilplate]

jus few yrs ago in 2005/06, hdb 3rm flat rental only 1k.....hehehe

[ysyap]

Thanks bro

Should be Thanks sis...

[ikan bilis]

jus few yrs ago in 2005/06, hdb 3rm flat rental only 1k.....hehehe

those hdb above that new clementi mall, room rental rate hit $1k liow. i won't be surprise whole 3rm hdb at $3k if they are allowed to rent out... rent is too high now...

[devilplate]

those hdb above that new clementi mall, room rental rate hit $1k liow. i won't be surprise whole 3rm hdb at $3k if they are allowed to rent out... rent is too high now...

ya....one agt told me he rented out one master room in redhill flats for 1.2k......WAKAKA

no wonder MM min 2.3k lah

[ezonme]

heya... you just wanna argue for sake of arguing like what you kept doing at cna side.... you can go on keep renting 3rm hdb and thank you for contributing $$ to the rental market...


~~~~~~~~~~~~~~~~

Senario (A) for TS, low interest rate
- 360K 3rm hdb, 290K loan, 30yr, 2%, monthly instalment at $1072
- cpf should be able to cover >S$500...
- lagi if wanna rent out 1 bdrm at S$600 will have some spare change back... (may be no need to come out cash)


Senario (B) for TS, high interest rate
- say 3rm flat rental crash to $1500/month
- 360K 3rm hdb, 290K loan, 30yr
- interest rate has to gone up to 4.68% for $1500/month instalment

- if he renting out a room at $500, then interest rate has to gone up to 7.36% for $2000/month instalment

- if looking at cashflow with cpf of $500/month utilised, interest rate has to gone up to 9.79% for $2500/month instalment (meaning say if he can only afford to come out cash of S$1500/month max, he will only get into trouble when interest rate is at 9.79%)

- HDB is his after the 30yrs... and not paying at may be $6K/month rent for a 3rm hdb 30yrs later....

~~~~~~~~~~~~~~~

for rick1, nobody put a gun at your head asking you to buy, ofcoz you can go on keep renting your 3rm hdb and feed your landlord fat-fat, while everyday worrying about iran war, europe collapse, retrenched and etc... that's your choice mah, bro...

Simple calculation like Mr Tharma...$1000 pay can buy HDB flat :P

[eng81157]

Simple calculation like Mr Tharma...$1000 pay can buy HDB flat :P

don't get me started on the $1000-can-buy-HDB theory. all these PAP buggers should try living on a $1000 shoestring budget and see if they can get by before spouting nonsense

[DaytonaSS]

Simple calculation like Mr Tharma...$1000 pay can buy HDB flat :P

if u r earning $1k u can try applying for the 2 bed room and u know if can or not.

[DaytonaSS]

don't get me started on the $1000-can-buy-HDB theory. all these PAP buggers should try living on a $1000 shoestring budget and see if they can get by before spouting nonsense

issnt the govt trying to help these pple buy a 2 room flat with max $60k grant? Come on, open your eyes and look at other countries. Is there even public housing scheme to help pple earning 1k per month?

The qn to ask is y is this group of pple earning $1k, if they are trap in this proverty cycle, how to get their children out of it?

[revhappy]

It is sis chiaberry.
All the best too to you, revhappy.
Btw.... what cc motorbike you riding?

Opps sorry to sis chiaberry.

I ride honda phantom

[buttercarp]

Opps sorry to sis chiaberry.

I ride honda phantom

Honda phantom..... powerful bike.
Last time my husband rode the simple small engined Yamaha.
I pillioned with him till 6 months pregnant, then cannot climb up the bike so had to buy car.

[HP65]

jus few yrs ago in 2005/06, hdb 3rm flat rental only 1k.....hehehe

Another true case, in 2003, SARS time, my cousin rented Mei Ling EA for $1k! How times have changed.....