Three roomed from 9800 to 13500 for newer better built ones, Four rooms just at 24500, five rooms at 30,500 to 46000 for those bigger better ones
Why got land costs... under Dr Goh Keng Swee and Lim Lim San
The scholars started to "keng " and said hello collect land costs lah as one just promoted Sub Minister said for future generations! What's future generations?
They will say Private ones paid 20 to 30K for per sq metres and you lucky only 8000 to 10,000 for HDB. So they priced their pigeon holes at hundreds over thousands even for the smallest ones. One hand SLA collected the monies and then said HDB lost monies. At one time became unbearable so they said no worry we gave you so-called subsidies
They realised that the BTOs are out of reach of many Singaporeans but they cannot just simply start to reduce the prices as many had already paid an arm and limb to get them. Also if they do so there be an outcry and they have to pack their bags and pat their back sides the next erections as they would be screwed by the populace.The Papies shall lose their elections straightway. So no choice they have to keep raising the prices and now what's nonsense based in the resale selling prices of their estates that they are going to built
Now on just their construction costs ok ok plus some profits. They shall promised you no worry your assets shall rise and rise in the future. Sinkies conned by them. Wait later I shall tell you why.
So never never-ending high rise prices. That's why Sinkies how also must try to get one before out of hand and also thought later can make profits of millions later
Now we come to the point of SERs. Previously those sites that they wanted to redevelop are potential value to make also make their billions in future and or are for national infrastructures to build and they have no choice but to relocate you and they willing to compensate those so called lucky lottery winners owner's another new flat of 99 years leasehold plus monetary benefits
When these SERs owner's after five years MOP started selling their flats and gained hundreds of thousands they became red eyed and then started to "keng " again. So many old old flats that Sinkies thought their promise shall comes their turns for SERs and all awaiting for the jackpots payout!
Fat hope even for those previously chosen for SERS these are the potential ones that they neeed with prospects. You think hello they want your Jalan Kayu Ones for SERS! Not all be chosen for SERS even though they will still carry on the old policy
So now they came up with VERs! Aha that's the most brilliant one! Okay, we shall redevelop your old estate as really getting too old and not advisable to keep maintaining them. Here's the catch. Don't be too happy hoh! We shall relocate you to a new one but hello sad to say hoh your old flat lease only left 20 odd years.
So in order that you shift to a new one, here are the conditions:
1) If you wanted your new flat of a lease hold of another 99 or so where about years, simply lah we shall calculate how much you have to top up the lease for the 99 years ones
Not much lah, same time same mantra we shall subsides you! Not really much depending on.your flats sizes. Just a few hundred thousands more the market value lah for your new flats.
2)Alternatively, if you don't want then simple, just shift to the new flat and stay out your old lease until expired!
Ok,?.Good isn't it!
Next we come.to what's previously urban suburban and new towns with prices differentials. Last time under GKS and LKS all estates bored the same prices whether you loved to stay here or there. Then started their monopolised businesses. Pay more for so-called Urban lesser for Suburban and less for NewTowns. Oh because of what's nonsense better facilities.
Later, they found that all these socalled classifications prices are getting blurred as many paid more for the estates they wanted to live be it Urban, Suburban or NewTowns
The prices are now so close that they now implement this. Then they come up with Prime Plus and Standard. Whoa chia bey liao again into the Treasury
No eye's see
Virgo49
Singaporeans are like that. When HDB moved its HQ to Toa Payoh, the flats in Toa Payoh quickly rose in price. I was thinking that people must be so free they will be visiting the HDB headquarters every day
ReplyDeleteWhen Raffles Institution moved to Bishan, the flats also rose in value. People living in Bishan must all have children studying at Raffles Institution or hoping to study at Raffles Institution, whether realistic or not.
Oh, not to forget, at one time flat demand was all about upgrading and flat prices in opposition wards fetched lower prices or so they touted. But then, the cat was out of the bag when it was discovered that some flats in PAP wards were even selling at lower prices than opposition wards. And to make matters worse, it later turned out that flat prices in opposition wards were no worse than in some PAP controlled wards.
The straw that broke the camel's back must be the undisclosed fact that even if they carried out upgrading every four years, HDB flat prices will still turn to rubble when it reaches 99 years. That was to be the end of upgrading vote buying scheme. New schemes have now been trotted out and are all about subsidies.