Re: 1.2 mil HDB
 

This is the history :

Historical: Median Combined Household Income > Cost of New 3 Room Flat (99 years lease) ~ Housing cost x of annual salary
1960: $120 > $5,000 ~ 3.5x
1970: $240 > $10,000 ~ 3.5x
1980: $1,000 > $50,000 ~ 4.1x
1990: $2,000 > $120,000 ~ 5.0x
2000: $3,500 > $110,000 ~ 2.6x
2010: $4,500 > $190,000 (600 sq. ft.) ~ 3.5x
2012: $4,950 > $220,000 ~ 4x

Re: 1.2 mil HDB
 

Thanks for the stats

Actually hor whatever stats u show also useless, PAPPY supporter very stubborn one, worship them like GOD ..... but I read backwards :D

Re: 1.2 mil HDB
 

Heard that PAPPY washing powder can remove transparency, democracy and dunno what more cy :D

Re: 1.2 mil HDB
 

I need another 1998 curve.

Re: 1.2 mil HDB
 

I need a fish story.

Re: 1.2 mil HDB
 

What about 2015?

What is your source for these figures? Are they the median cost of a new 3 room flat? Or are they the cost of the cheapest new 3 room flat on the market? Are your figures before or after grants and subsidies?

Re: 1.2 mil HDB
 

These idiots got it so wrong.

Hdb is public housing. Which means it muz b affordable for all. If some idiot want to pay 1 million for it, then he's stupid.

The gov should keep flats cheap n they can cos the land is owned by them.

Even If private property is high, n economy is gd, hdb prices can increase bt gov can keep prices under control. Paying 100000 plus for new flats is Absurd.

And no. A resale flat for few hundred k is nt a nest egg bt property mkt gone wild n its nt sustainable or desired

Re: 1.2 mil HDB
 

Nasi so wu ji pa ban ...

Re: 1.2 mil HDB
 

You expert in property valuation ?

How do u define the word, value ?

Satu Juta is loose change if you ask me.

Re: 1.2 mil HDB
 

That is just great! I can apply for a granny flat now.

Re: 1.2 mil HDB
 

If only the govt have the same thinking as you :(

Re: 1.2 mil HDB
 

so grandpa cannot live in a granny flat?

Re: 1.2 mil HDB
 

Is Empat Sembilan loose too? :D

Re: 1.2 mil HDB
 

In1980 my worker pay $400 he buy a3room flat at $15000 now 35year later your pay 4000 u want to buy 4 or 5 room u can buy a 3 room flat u will live happy U have to think

Re: 1.2 mil HDB
 

actually , if you only need a roof top , consider those studio flat or two room one lo .

so long you are working , i think the downpayment of 10% isnt that hard to get mah .

a flat let say 200k , 10% only 20k . can pay by cpf somemore got those nonsense low income grant . take a loan for 25 yrs lo .

actually its easy lah . like i say , so long you are working ( let say working for 5-10 yrs )

a working adult ( 25-30 yrs old ) should be able to buy together with his partner .

just work a bit hard lor .

staying in sg ,nothing is cheap nor free .

Re: 1.2 mil HDB
 

Bro, the competition is very intense. Now even say those own private property also can buy Bto 2rm flat provided they must sell off their private property after successfully get their new flat.

Wth & Wtf, making it more competitive as so many r snatching for a small pie.:rolleyes:

Re: 1.2 mil HDB
 

The rules keep changing, can never keep up

Re: 1.2 mil HDB
 

Ya lor, can really feel the heat:(

Re: 1.2 mil HDB
 

They are trying their best to confuse us .

Re: 1.2 mil HDB
 

Can only dream. Cannot afford.

Re: 1.2 mil HDB
 

Back then when HDB controls everything... ppl KPKB says they dun allow us to earn from the flat.... Then they decided to open up the market.... Very soon the Condo enblocs came... and those who got the first cherries went around paying a lot more for old flats which are high rise... thus boosting the resale market.... Very soon flats rose like 15% year on year... Now PPL again KPKB says flats too expensive.... KNN what has that got to do with GAHMEN lah.... You want to buy cheap cheap... then want to sell high high.... so end of the day... we are the ones who screwed up our own housing market.... KP simi lan jiao??? One Smart Alec once told me.... Gahmen should control the pricing now... must force the price to drop 30% immediately.... I told him to go fly kite... His shophouse was bought with Bank loan... if drop 30%.. then bank will call him and say his place now worth 30% less.. Please topup the balance in cash by the week... I believe he will be the first on the Q to MBS or Swissotel... Top jump off the cliff...

Re: 1.2 mil HDB
 

Cliff simi lan jiao?

Re: 1.2 mil HDB
 

Man-made cliff of MBS lah :D

Re: 1.2 mil HDB
 

Let me highlight a few points.

1. HDB set price according to market prices and not base on cost of materials.
2. Only a few property agents are the one speculating high prices in HDB second value market.
3. Who owns the land? Is the state correct? Who owns the state? Is the citizen correct? So why are we been charged high prices for using the land?
4. We only have around 3.5mil citizens. Who are the property market buyers in the past 5 to 10 years? How come keep building private and HDB flats? Who is buying them? When citizens upgrade then who is buying up the old flats? Do you know that many like me are not involved in all these property markets?

Re: 1.2 mil HDB
 

You live in the jungle one?

Re: 1.2 mil HDB
 

Rental or live with parents la

Re: 1.2 mil HDB
 

I do not mind to live in jungle if there is one:confused::p

Re: 1.2 mil HDB
 

Tbh even if its a loss, they should still build n sell
But of cos no loss la.
Some of t flats, so small n build 20,30,40 floors on a small plot of land
How can lose.

The price should b set based on median salary n b affordable.

Re: 1.2 mil HDB
 

I suggest you stay istana garden.
Bring yr tent n sleeping bag
Big n underutilised

Re: 1.2 mil HDB
 

Seriously, I do not mind so long the Aide de Camp allowed and do not arrest me for trespassing.

Not sure if you been inside Istana? Is a colonial style building and a huge lawn.