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Thread: PLH - Prime Location Public Housing (PLH) Model

  1. #1
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    Default PLH - Prime Location Public Housing (PLH) Model

    The Best Time to buy Property is Yesterday.
    If you lose Money it because you sell on a wrong Day.

    https://wa.me/6587821025

    https://r057844h.propnex.net/

    You don't Buy others will Buy.
    You don't Sell, others will Sell.

  2. #2
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    Default Re: PLH - Prime Location Public Housing (PLH) Model

    The Best Time to buy Property is Yesterday.
    If you lose Money it because you sell on a wrong Day.

    https://wa.me/6587821025

    https://r057844h.propnex.net/

    You don't Buy others will Buy.
    You don't Sell, others will Sell.

  3. #3
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    Default Re: PLH - Prime Location Public Housing (PLH) Model

    0:00 Introduction
    1:07 What is the Prime Location Public Housing (PLH) model?
    2:33 Our focus on the ripple effects of the PLH model
    3:14 Should you go for a BTO under the PLH model?
    3:28 MOP stretched from 5 to 10 years
    4:28 Families with intent to upgrade would probably not subscribe to PLH model
    5:00 Give rise to increased popularity in resale and BTOs not under PLH model
    5:46 Key question, should you go for a BTO under the PLH model?
    6:05 Clawback of subsidies upon sale of unit under PLH model
    8:08 Restriction of audience for resale of PLH model
    8:49 $14,000 income ceiling applies to all regardless of bank loan or HDB loan for resale of flats under PLH
    9:53 Price cap due to MSR limit
    11:57 Difference between MSR and TDSR
    12:26 Restriction in loan amount leads to restriction of price growth
    13:26 No ownership of other private properties for the past 13 months ( 30 months)
    14:27 Comparing to old policy where you only dispose in 6 months after completion of sale of the HDB resale
    16:37 Further ripple effect in increasing take-up rate of resale not under PLH model
    16:51 No renting out of units under PLH model, like forever
    19:21 PLH model for families in for the long game
    19:41 Pure PR families not eligible for PLH model
    20:43 Singles are not eligible for resale units under PLH model
    21:10 Key ripple effect - exiting prime locale HDB apartments to see higher demand in coming years
    21:47 Current ripple effect
    22:46 Plan out your time horizon to investment in properties
    24:09 Conclusion
    The Best Time to buy Property is Yesterday.
    If you lose Money it because you sell on a wrong Day.

    https://wa.me/6587821025

    https://r057844h.propnex.net/

    You don't Buy others will Buy.
    You don't Sell, others will Sell.

  4. #4
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    Default Re: PLH - Prime Location Public Housing (PLH) Model

    New PLH flats will be priced with additional subsidies, on top of the substantial subsidies already provided for Build-To-Order (BTO) flats. Upon selling the flat, you will have to return a percentage of the resale price* of the flat to HDB as a means to recover the additional subsidies. The subsidy recovery percentage will commensurate with the extent of the initial additional subsidy provided. Details will be provided when the projects under PLH are launched for sale. More information in 'Projects under PLH' below.


    *Note: To prevent sellers from under-declaring the resale price in an attempt to fraudulently reduce the subsidy recovery payable, where HDB assesses that a flat valuation is required, the subsidy recovery will be a percentage between the higher of the valuation and the resale price of the flat.

    To safeguard PLH flats for Singaporeans with genuine housing needs and to strengthen the owner-occupation intent, all (i.e. new and resale) PLH flat owners will have to meet the following ownership conditions.

    Minimum Occupation Period (MOP)

    You will need to occupy the new/ resale PLH flat for at least 10 years before you can sell it on the open market or invest in a private residential property

    Rental Conditions
    You may rent out your spare bedrooms, but you are not allowed to rent out the whole flat even after the MOP.
    The Best Time to buy Property is Yesterday.
    If you lose Money it because you sell on a wrong Day.

    https://wa.me/6587821025

    https://r057844h.propnex.net/

    You don't Buy others will Buy.
    You don't Sell, others will Sell.

  5. #5
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    Default Re: PLH - Prime Location Public Housing (PLH) Model

    The first project to be launched under the PLH model at Rochor is now open for application in the November 2021 BTO sales exercise, from 17 November 2021 (Wednesday) to 23 November 2021 (Tuesday). Read the press release for more details, including information on the percentage of subsidy recovery and the MCPS allocation quota.



    The Best Time to buy Property is Yesterday.
    If you lose Money it because you sell on a wrong Day.

    https://wa.me/6587821025

    https://r057844h.propnex.net/

    You don't Buy others will Buy.
    You don't Sell, others will Sell.

  6. #6
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    Default Re: PLH - Prime Location Public Housing (PLH) Model

    Projects under Prime Location Public Housing (PLH) Model
    8 The BTO flats launched include River Peaks I and II located in Rochor which are launched under the new Prime Location Public Housing (PLH) model. Announced by MND and HDB on 27 Oct 2021, the new PLH model aims to ensure that new public housing built in prime and central locations will remain affordable, accessible and inclusive for Singaporeans (see Annex B for a summary of the key features of the model).
    Subsidy Recovery for PLH Projects
    9 As PLH flats are priced with additional subsidies, on top of the substantial subsidies already provided for all BTO flats today, PLH flat owners will have to return to HDB a percentage of the resale price of the flat upon the sale of their homes. The additional subsidies will keep PLH flats affordable for a wide range of Singaporeans, while the subsidy recovery will ensure parity with other BTO flat owners who are not accorded these additional subsidies. For River Peaks I and II, the amount to be recovered from the flat buyers is fixed at 6 percent of the higher of the resale price or valuation, and will apply regardless of when the flats are sold in future. This amount to be recovered is commensurate with the extent of the additional subsidy that has been provided.
    The Best Time to buy Property is Yesterday.
    If you lose Money it because you sell on a wrong Day.

    https://wa.me/6587821025

    https://r057844h.propnex.net/

    You don't Buy others will Buy.
    You don't Sell, others will Sell.

  7. #7
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    Default Re: PLH - Prime Location Public Housing (PLH) Model

    1 million 6% = $60,000 why not. $60,000 can't even buy COE for Cat B.
    The Best Time to buy Property is Yesterday.
    If you lose Money it because you sell on a wrong Day.

    https://wa.me/6587821025

    https://r057844h.propnex.net/

    You don't Buy others will Buy.
    You don't Sell, others will Sell.

  8. #8
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    Default Re: PLH - Prime Location Public Housing (PLH) Model

    The Best Time to buy Property is Yesterday.
    If you lose Money it because you sell on a wrong Day.

    https://wa.me/6587821025

    https://r057844h.propnex.net/

    You don't Buy others will Buy.
    You don't Sell, others will Sell.

  9. #9
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    Default Re: PLH - Prime Location Public Housing (PLH) Model

    The Best Time to buy Property is Yesterday.
    If you lose Money it because you sell on a wrong Day.

    https://wa.me/6587821025

    https://r057844h.propnex.net/

    You don't Buy others will Buy.
    You don't Sell, others will Sell.

  10. #10
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    Default Re: PLH - Prime Location Public Housing (PLH) Model

    https://www.facebook.com/Teo.See.Hwa...21925111089824

    If you are rich and can wait I am sure you can find affordable housing in the future.

    Best time to buy property is yesterday.

    Speaking during the Committee of Supply debate for his ministry in March this year, Minister for National Development Desmond Lee pointed to the need to keep flats affordable and to manage the lottery effect when sold in the resale market.

    For HDB flats in future developments such as the Greater Southern Waterfront, a new housing model would be introduced.

    Suggestions such as limiting the pool of resale buyers, reducing the tenure to less than 99 years, imposing a longer minimum occupation period and more had been raised and are currently being reviewed.

    https://www.facebook.com/Teo.See.Hwa...21921253953398



    New #BTO #hdb at #Mature Estate, yes we are program to know what coming soon. If you got a lot of 10 years to wait, agree you can wait.
    [Shorter Lease] 75 years
    [Smaller Flats] <5%
    [Longer Minimum Occupation Period] MOP 10 years
    [Government buyback] Government will set the buyback prices
    [Resale proceeds to CPF Special Account]
    [Capital gains tax] 10%
    [Recovery of Additional Subsidies Provided]
    [Disallow renting of whole flat]
    [Remove Married Child Priority Scheme]
    [Limiting resale buyers only to those who meet the BTO eligibility conditions] income ceiling of $14,000 as a household, etc.
    [Shorter Lease] In order to keep new flats in prime locations affordable, they could come with a shorter lease compared to HDB flats in other locations. For example, this could mean, each new flat may be sold on a 75-year lease compared to the current 99-year lease. This could potentially reduce the cost of the flat by about 8%.
    [Smaller Flats] In order to keep new flats in prime locations affordable, each type of flat could be smaller than same-type flats in other mature estates. This means a HDB 4-room flat in a prime location could be 5% smaller than a typical HDB 4-room flat in other HDB mature estates but at a similar price.
    [Longer Minimum Occupation Period] In order to keep new flats in prime locations affordable for resale buyers, the Minimum Occupation Period could be extended (e.g. up to 10 years). This means, owners of HDB flats in prime locations must live in their flats for 10 years instead of 5 years before they can put it up for sale.
    [Government buyback] In order to minimise large resale profits and ensure resale prices are affordable for subsequent buyers, owners can only sell their flats back to the Government. The Government will set the buyback prices and re-offer the flats for sale to subsequent buyers.
    [Resale proceeds to CPF Special Account] In order to minimise large resale profits and ensure resale prices are affordable for subsequent buyers, all resale proceeds could be channelled to the owner/s’ CPF Special Account which is set aside for retirement. This means that owners do not receive their resale profits in cash immediately.
    [Capital gains tax] In order to minimise large resale profits and ensure resale prices are affordable for subsequent buyers, the Government could impose a new capital gains tax. This means that owners have to pay a certain percentage (e.g. 10%) of their sales profits as tax.
    [Recovery of Additional Subsidies Provided] In order to minimise large resale profits and ensure resale prices are affordable for subsequent buyers, the Government could require owners to return any additional subsidies provided upon selling the flat.
    [Disallow renting of whole flat] In order to ensure that HDB towns in prime locations have a balanced mix of Singaporeans from different socio-economic backgrounds, and to encourage homeowners to live in their own homes, owners would not be allowed to rent out the whole flat even after the Minimum Occupation Period. This means that the flat has to be occupied by its owner for the entire duration of ownership.
    [Remove Married Child Priority Scheme]ⓘ In order to ensure that HDB towns in prime locations have a balanced mix of Singaporeans from different socio-economic backgrounds, schemes like the Married Child Priority Scheme could be removed. This means that every eligible buyer has an equal chance of balloting for the flats, and people who have parents living in the same prime locations do not get priority.
    [Limiting resale buyers only to those who meet the BTO eligibility conditions] In order to ensure that HDB towns in prime locations have a balanced mix of Singaporeans from different socio-economic backgrounds, all resale buyers must meet prevailing BTO eligibility conditions. This includes meeting the income ceiling of $14,000 as a household, etc.
    The Best Time to buy Property is Yesterday.
    If you lose Money it because you sell on a wrong Day.

    https://wa.me/6587821025

    https://r057844h.propnex.net/

    You don't Buy others will Buy.
    You don't Sell, others will Sell.

  11. #11
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    Default Re: PLH - Prime Location Public Housing (PLH) Model



    The Best Time to buy Property is Yesterday.
    If you lose Money it because you sell on a wrong Day.

    https://wa.me/6587821025

    https://r057844h.propnex.net/

    You don't Buy others will Buy.
    You don't Sell, others will Sell.

  12. #12
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    Default Re: PLH - Prime Location Public Housing (PLH) Model

    The Best Time to buy Property is Yesterday.
    If you lose Money it because you sell on a wrong Day.

    https://wa.me/6587821025

    https://r057844h.propnex.net/

    You don't Buy others will Buy.
    You don't Sell, others will Sell.

  13. #13
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    Default Re: PLH - Prime Location Public Housing (PLH) Model

    Enhanced CPF Housing Grant (EHG).

    https://www.hdb.gov.sg/residential/b...mer-applicants

    The Best Time to buy Property is Yesterday.
    If you lose Money it because you sell on a wrong Day.

    https://wa.me/6587821025

    https://r057844h.propnex.net/

    You don't Buy others will Buy.
    You don't Sell, others will Sell.

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