unstoppable hdb resale price

[phantom_opera]

tampines st 12 EM 880k
simei st 1 5r 758k
bishan st 22 5r 828k
jalan membina 5r 945k
toh yi drive 5r 780k
tanjong pagar plaza 965k
pine cl 5r 820k
bishan EM 1.01m

yeah

[roly8]

must be new singapore citizen buying..

or

landed owner switch back to hdb?

[mcmlxxvi]

Eagerly awaiting 5rm to hit 1mil.

or has it already?!

[Kelonguni]

must be new singapore citizen buying..

or

landed owner switch back to hdb?

Yah I think these two groups are the ones likely to support this type of resale.

[Kelonguni]

Eagerly awaiting 5rm to hit 1mil.

or has it already?!

Some places might be near already. But with the CMs I think it will not breach for some time more.

[danguard]

Maybe even for multiple condo owners to even rent out existing owner occupied condo and then use the spare cash pay for comparatively lower HDB .... Use their kids name or even their brother name ... True story have some colleagues - the older ones - use their son name to buy mega HDB in their name then stay together give their son extra "pocket money" from the condo rental - HDB mortgage differential somemore.

[danguard]

Yah I think these two groups are the ones likely to support this type of resale.

Per my post below a lot more different category of Singaporeans might already be in the fray resulting in escalating resale prices ... With some form of correlation with private condos market prices think this is inevitable unless government decides to do some really drastic focused measures

[phantom_opera]

agree with danguard just need to be above 21 to be funded .. can get hdb loan??

[DC33_2008]

Next CM will be to reduce the loan amount by pegging it to monthly loan repayment equivalent to 30% of monthly income as garment felt that younger ones are not so prudent and spending beyond their capability.You can see the latest measure on cars. Rich will get richer especially those with wealthy parents. Social gap will widen.

[mcmlxxvi]

Gone are the day's everyone wanna stay in childhood.

Every kid wanna grow up fast hit 21yo. Lol

[danguard]

agree with danguard just need to be above 21 to be funded .. can get hdb loan??

I got colleague just paid in full in brother name and no loan taken ... I dun want to ask him specifics or more details as I was just speechless ..

[mcmlxxvi]

Next CM will be to reduce the loan amount by pegging it to monthly loan repayment equivalent to 30% of monthly income as garment felt that younger ones are not so prudent and spending beyond their capability.You can see the latest measure on cars. Rich will get richer especially those with wealthy parents. Social gap will widen.

The well known 'deposit show hand' tactic is still not covered. No need income proof.

[danguard]

Next CM will be to reduce the loan amount by pegging it to monthly loan repayment equivalent to 30% of monthly income as garment felt that younger ones are not so prudent and spending beyond their capability.You can see the latest measure on cars. Rich will get richer especially those with wealthy parents. Social gap will widen.

I think you are spot on bro - which is why more people also see this and whacking resale hdbs at good locality and central

[phantom_opera]

I got colleague just paid in full in brother name and no loan taken ... I dun want to ask him specifics or more details as I was just speechless ..

yowetan lagi best
hdb rental leverage yield can be 10pc pa

[Leeds]

If we look at the various policies relating to HDB flats over the years, we would have noticed that the various tweats in policies were mainly to address the supply and demand problem. The reason HDB allows the whole flat to be rented out was because of the need to address the shortage of affordable rented homes for PRs and foreigners who came here in dove the last few years. This policy is against the very principle of home ownership but has to tweat it to solve a critical problem that HDB failed to build its infrastructures to accommodate a larger population.

With the ramping up of supply of HDB flats and private flats over the next few years, HDB is very likely to go back to its basic roles. It would not be surprising if HDB will to revert back to its policy that all HDB flats owners must stay in their flats even if they are allow to buy private properties. They can only rent out their extra rooms and not the whole flat.

This will means that foreigners and PRs will have no choice but to rent private flats or affordable rooms in HDB flats. By then, we should have enough private flats for rental.

With the policy back to its original intent, HDB flats will continue to be affordable. This policy change is highly likely in a few years time once the supply and demand inbalance is met.

[phantom_opera]

Leeds of course is correct but once resale hdb hit 1m and many suckers paid so much for high property prices using their cpf it will be very hard for garmen
to lower it to 500k in future

the same thing happens in 1996, hdb up from 100k to 400k and only allowed to correct to 300k and drag a long time

so this time more likely to chiong to 1.2m and correct bk to 900k, the first 1.2m flat will be pinnacle

[Rosy]

Leeds of course is correct but once resale hdb hit 1m and many suckers paid so much for high property prices using their cpf it will be very hard for garmen
to lower it to 500k in future

the same thing happens in 1996, hdb up from 100k to 400k and only allowed to correct to 300k and drag a long time

so this time more likely to chiong to 1.2m and correct bk to 900k, the first 1.2m flat will be pinnacle

These high quantum resale flats can potentially suffer much bigger loss during the next crisis than averagely 400-600k ones.

[Leeds]

If we look at the various policies relating to HDB flats over the years, we would have noticed that the various tweats in policies were mainly to address the supply and demand problem. The reason HDB allows the whole flat to be rented out was because of the need to address the shortage of affordable rented homes for PRs and foreigners who came here in dove the last few years. This policy is against the very principle of home ownership but has to tweat it to solve a critical problem that HDB failed to build its infrastructures to accommodate a larger population.

With the ramping up of supply of HDB flats and private flats over the next few years, HDB is very likely to go back to its basic roles. It would not be surprising if HDB will to revert back to its policy that all HDB flats owners must stay in their flats even if they are allow to buy private properties. They can only rent out their extra rooms and not the whole flat.

This will means that foreigners and PRs will have no choice but to rent private flats or affordable rooms in HDB flats. By then, we should have enough private flats for rental.

With the policy back to its original intent, HDB flats will continue to be affordable. This policy change is highly likely in a few years time once the supply and demand inbalance is met.

Given the case now, many HDB owners who had purchased private properties over the last few years are in 'dilemma'; whether to rent out their HDB flats or sell.

Of course, under current HDB's policy, it makes no sense to sell your HDB flats. It is better to rent out your HDB flats and using the rental to support your mortgage for the private property.

However, looking ahead, it may make perfect sense to sell your 'precious' HDB flats while the price is still high and reduce your mortgage or keep the extra cash for other investments. You may loose out on the yeild your HDB flat may provide now but you are selling it at current high price. Policy changes in a few years time or even sooner may mean that you will have to move back to your HDB flat or force to sell your flat at a lower price. The capital gain of your HDB flat may be your best bet for your next property investment when that time comes.

[kane]

Actually the pace of rise in hdb prices have slowed. The part that is still moving are the 20+-30+ year old hdbs. Cos they having been lagging far behind the newer flats.

[radha08]

its a total mess...the property market...

[radha08]

Actually the pace of rise in hdb prices have slowed. The part that is still moving are the 20+-30+ year old hdbs. Cos they having been lagging far behind the newer flats.

more new mrt lines/stations coming up in older estates what you think will happen to price of older hdbs when announcements made...

[Reisor]

Given the case now, many HDB owners who had purchased private properties over the last few years are in 'dilemma'; whether to rent out their HDB flats or sell.
Of course, under current HDB's policy, it makes no sense to sell your HDB flats. It is better to rent out your HDB flats and using the rental to support your mortgage for the private property.

This has been the dream investment for many heartlanders. An investment route sealed by the last CM.

However, looking ahead, it may make perfect sense to sell your 'precious' HDB flats while the price is still high and reduce your mortgage or keep the extra cash for other investments. You may loose out on the yeild your HDB flat may provide now but you are selling it at current high price. Policy changes in a few years time or even sooner may mean that you will have to move back to your HDB flat or force to sell your flat at a lower price. The capital gain of your HDB flat may be your best bet for your next property investment when that time comes.

From the populist policy point of view, do you think the policy of "must stay in HDB or sell" is going to be implemented before or after '16 GE?
Also with 200,000 homes supply (90,000 public) coming on-stream, is there still a need for such resale units (~40k as of 2012) to be released to stabilise the market?

[danguard]

I would reckon they would not implement the must stay in HDB just prior to GE ... Bulk of voting population being in HDB and quite a substantial proportion being multiple property owners

Think of an example ... Imagine your matriarch or grandfather is impacted by this purported move - and that household has 20 adults family members - you can be sure all of them will vote against pap regardless of the good work they have done prior because their grandfather now have to be forced to sell off his HDB or stay in that .. Repercussions are thus severe

[mcmlxxvi]

[DC33_2008]

Increase of 100points in about 12 years for resale.

[mcmlxxvi]

Increase of 100points in about 12 years for resale.

So now you know which tree the policy makers have been clearing the weeds at.

The wrong one.

[DC33_2008]

The treat the weeds as rare species that is untouchable even in the last budget for a 5 room with with NAV of only 12000. It must have come from the ah kong.

So now you know which tree the policy makers have been clearing the weeds at.

The wrong one.

[mcmlxxvi]

How to Get Rid of Stubborn Weeds

Step 1 of 5
Spray down weeds with a weed removal formula. You can purchase this at a home improvement store. There are many different types to choose from. Use caution when selecting a weed killer; some of them concentrate on the weeds only, but can also kill your grass. Others will kill all vegetation. This kind would be perfect in the rocks or another area where there is just weeds. (Release tons of bto in mature hdb-full estates like Bedok and Toa Payoh)

Step 2 of 5
Use a garden fork. It can be purchased at any home improvement store. Insert the garden fork next to the root of the weed. Push down where it is underneath the root. Pull back so that it pops the root out. Sometimes it does not always get all of the root out, so you may need to do it again. (govt land acquisitions)

Step 3 of 5
Lay down fertilizer with weed killer in it. You can find this at most garden stores. Doing this is good for your lawn. The fertilizer will help your grass to grow and look better. You will also have the added benefit of getting rid of a few pesky weeds.
(building hospices and senior homes in the middle of it all)

Step 4 of 5
Rototill the whole yard if the weeds are too bad. This is a lot of work and can be fairly expensive if you hire someone. It will get rid of all of the weeds so that you can lay down sod. Once it is rototilled you will have to rake the whole yard and throw away the contents. This will be dirt, grass, and weeds. (punggol communist town)

Step 5 of 5
Hire a company to come and do the work for you. This can get really expensive, so make sure you can afford it. These companies can be found online or in the phone book. Get quotes from a few different companies. Some companies might be having offering a discount or a sale. Offer to put their sign outside in exchange for a discount. (welcome china developers who sell projects cheap and bid cheap and produce cheap quality products lowering the whole area value)

Tips & Warnings

Be careful when using weed killer on your grass. Read instructions to make sure you will not kill your grass too.

[MLP]

Many of the older HDB flats in more central locations with MRT at door steps are more than 30 years old and they are ripe for SERS. The government is going to tear down these old HDB flats and replace them with 40 or 50 storey flats.

So many opportunistic HDB buyers don't mind buying old HDB flats and hope to get new replacement flats when it happens. I notice many HDB flats in the city with plot ratio of 2.8 have been increased to 4.3. Check out the new Master Plan 2013 when it is released sometime this year.

Actually the pace of rise in hdb prices have slowed. The part that is still moving are the 20+-30+ year old hdbs. Cos they having been lagging far behind the newer flats.

[phantom_opera]

my prediction of HDB resale price index peaking at 270 will materialize in 3y time