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 18 Sep 08 3:21 am |
| for this words i support u, i too waiting but still worry as i'm going to be a father soon and still can't afford to buy a flat..... any good news, please update this forum... |
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18 Sep 08 9:17 am |
Well more good news for folks who have been trapped in the resale market!!  No more putting up with agents+sellers asking for high COV
3,000 more HDB flats
Govt to release more units for sale by year's end as demand for homes doubles
By Fiona Chan, Property Reporter
THE Government will release 3,000 more HDB flats for sale by the end of the year, amid a doubling of demand for flats by home buyers.
'Demand for new flats from young couples has definitely gone up since 2006,' Mr Tay Kim Poh, the HDB's chief executive, told reporters at the release of the board's annual report on Tuesday.
Flat buyers bought 11,991 new flats in the year ended March 31, more than double the 5,712 recorded the year before.
To meet demand, the Housing Board has already released over 5,000 flats for sale so far this year, out of a planned 8.400 for the whole year. This is 40 per cent more than last year's 6,000, which was already higher than the year before. Next year, 'should the demand remain strong', the HDB 'will release just as many' flats, Mr Tay said.
For now, though, 'unless our population grows very fast, there is no need to build at the same level as the 1980s', he added.
The HDB's unsold stock has dwindled from about 2,000 flats last year to some 1,500 now. Hopeful buyers have complained of difficulties and long waits in trying to secure a home.
'Young couples looking for a flat should not come to us for a new flat. We don't have a ready supply,' Mr Tay said.
First-time buyers who are not particular about location, however, usually bag a flat on their first or second try, he said.
He also stressed that while the board is 'concerned' about rising construction costs, HDB flats remain 'very affordable'. At this point, flat buyers are using about 20 per cent of their incomes to service their loans, and most do not have to use all of their Central Provident Fund money, he said.
'When we price our flats, we don't link it to development costs, but to market prices. If market prices stabilise, like they are appearing to do now, our flat prices will also be stable.'
Higher construction expenses, which by some estimates have risen by 20 per cent to 30 per cent in the last year, have hit the HDB less severely than some private developers. The board buys materials in bulk to supply to its contractors, mitigating the increase in costs, said Mr Sng Cheng Keh, its director of development and procurement.
For this year, the HDB's focus is to meet the 'rising aspirations' of flat buyers and dwellers, said Mr Tay.
http://www.straitstimes.com/Breaking%2BNews/Singapore/Story/STIStory_279785.html |
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Guest
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18 Sep 08 9:27 am |
| Anonymous wrote: | Well more good news for folks who have been trapped in the resale market!! No more putting up with agents+sellers asking for high COV
3,000 more HDB flats
Govt to release more units for sale by year's end as demand for homes doubles
By Fiona Chan, Property Reporter
THE Government will release 3,000 more HDB flats for sale by the end of the year, amid a doubling of demand for flats by home buyers.
'Demand for new flats from young couples has definitely gone up since 2006,' Mr Tay Kim Poh, the HDB's chief executive, told reporters at the release of the board's annual report on Tuesday.
Flat buyers bought 11,991 new flats in the year ended March 31, more than double the 5,712 recorded the year before.
To meet demand, the Housing Board has already released over 5,000 flats for sale so far this year, out of a planned 8.400 for the whole year. This is 40 per cent more than last year's 6,000, which was already higher than the year before. Next year, 'should the demand remain strong', the HDB 'will release just as many' flats, Mr Tay said.
For now, though, 'unless our population grows very fast, there is no need to build at the same level as the 1980s', he added.
The HDB's unsold stock has dwindled from about 2,000 flats last year to some 1,500 now. Hopeful buyers have complained of difficulties and long waits in trying to secure a home.
'Young couples looking for a flat should not come to us for a new flat. We don't have a ready supply,' Mr Tay said.
First-time buyers who are not particular about location, however, usually bag a flat on their first or second try, he said.
He also stressed that while the board is 'concerned' about rising construction costs, HDB flats remain 'very affordable'. At this point, flat buyers are using about 20 per cent of their incomes to service their loans, and most do not have to use all of their Central Provident Fund money, he said.
'When we price our flats, we don't link it to development costs, but to market prices. If market prices stabilise, like they are appearing to do now, our flat prices will also be stable.'
Higher construction expenses, which by some estimates have risen by 20 per cent to 30 per cent in the last year, have hit the HDB less severely than some private developers. The board buys materials in bulk to supply to its contractors, mitigating the increase in costs, said Mr Sng Cheng Keh, its director of development and procurement.
For this year, the HDB's focus is to meet the 'rising aspirations' of flat buyers and dwellers, said Mr Tay.
http://www.straitstimes.com/Breaking%2BNews/Singapore/Story/STIStory_279785.html |
Yes, continue to listen to the bull$hit...the objective of HDB is no longer to help the needy. The new flat also expensive... |
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18 Sep 08 9:59 am |
| prudent saving |
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18 Sep 08 11:32 am |
the worst is yet to come...
sooner the market will be corrected |
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18 Sep 08 12:30 pm |
| brudder i think the word is not corrected but crash is also possible |
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18 Sep 08 12:43 pm |
I feel that one should open the eyes and realise what's happening outside. Pls see news announcement yesterday. International Monetary Fund,CEO said that more banks would close. Lehman Brothers is just the beginning.*********
Nobody is hoping recession to come as, it would affect everybody in whole, whether you are agent, seller or buyer.
Who would want to sell a house if job loss is a possibility. Putting food on the table is much more important then anything else.
On the other hand, buyer would also be worried as he needs a house at the same time he needs a job too.
Agent too would be worried as his/her job is based on the market conditions and his/her life is determined by buyers & sellers.
Lets hope and pray that the impact would be less for us in Singapore. |
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18 Sep 08 1:06 pm |
| Anonymous wrote: | I feel that one should open the eyes and realise what's happening outside. Pls see news announcement yesterday. International Monetary Fund,CEO said that more banks would close. Lehman Brothers is just the beginning.*********
Nobody is hoping recession to come as, it would affect everybody in whole, whether you are agent, seller or buyer.
Who would want to sell a house if job loss is a possibility. Putting food on the table is much more important then anything else.
On the other hand, buyer would also be worried as he needs a house at the same time he needs a job too.
Agent too would be worried as his/her job is based on the market conditions and his/her life is determined by buyers & sellers.
Lets hope and pray that the impact would be less for us in Singapore. |
Very well said! Don't understand why those people hopes for recession to hit us. Thinking that you can buy at low price if it happens? So naive...recession not good for everybody...at this moment of time, everybody should be worry...if we hit by recession, do you think you are able to buy house? your first task at that time is to make sure that you can provide food on the table for your family... |
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18 Sep 08 1:58 pm |
| Anonymous wrote: | | Anonymous wrote: | I feel that one should open the eyes and realise what's happening outside. Pls see news announcement yesterday. International Monetary Fund,CEO said that more banks would close. Lehman Brothers is just the beginning.*********
Nobody is hoping recession to come as, it would affect everybody in whole, whether you are agent, seller or buyer.
Who would want to sell a house if job loss is a possibility. Putting food on the table is much more important then anything else.
On the other hand, buyer would also be worried as he needs a house at the same time he needs a job too.
Agent too would be worried as his/her job is based on the market conditions and his/her life is determined by buyers & sellers.
Lets hope and pray that the impact would be less for us in Singapore. |
Very well said! Don't understand why those people hopes for recession to hit us. Thinking that you can buy at low price if it happens? So naive...recession not good for everybody...at this moment of time, everybody should be worry...if we hit by recession, do you think you are able to buy house? your first task at that time is to make sure that you can provide food on the table for your family... |
The way I see it, a recession will force sellers who are just trying their luck out of the market. Meaning they no longer can dream of selling their flats at inflated prices. the sellers remain are the real sellers, who are realistic about the prices they are askin for.
regardless of the economic conditions, ppl still need a roof over their heads. A house is a necessity and a big ticket item so muz buy one that is within your budget. So if you know that a recession is coming, you will not be inclined to buy a big house and overspend on it.. maybe settle for a smaller one?
But for some, agents included, the resale market was a market to make a quick buck. the current valuation prices are already inflated le. Stop askin for COV! |
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18 Sep 08 2:20 pm |
Yeh.. no more cov.
Sell at below valuation! |
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18 Sep 08 2:26 pm |
2 days ago similar posted STI just above 2400 points. today...
Stock Indices
Last Update:
Thu, 18 Sep 2008 14:07
STI
2310.33 -108.96
Nikkei
11524.34 -225.45
HSI
16336.14 -1301.05
FTSE
4912.4 -113.2
DJIA
10609.66 -449.36 |
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ERAlvin
Joined: 25 Jan 2008
Posts: 497
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18 Sep 08 2:38 pm |
| Anonymous wrote: |
agent la..of course want us to buy...
then u wait long long for us ba.
mr alvin?
see it's u change job 1st..
or i buy my hdb 1st!  |
Mr. Anon..
Maybe? haha.. see whether u got the $ to buy? or i able to stay in my job longer than when u buy??
lmao.. Face the realistic world.. well tt's what most ppl hate to face..  |
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18 Sep 08 3:13 pm |
| Quote: |
Very well said! Don't understand why those people hopes for recession to hit us. Thinking that you can buy at low price if it happens? So naive...recession not good for everybody...at this moment of time, everybody should be worry...if we hit by recession, do you think you are able to buy house? your first task at that time is to make sure that you can provide food on the table for your family... |
Whether we like it or not, whether we hope it or not, the reality is - we are facing recession.
So, prepare for the worst. Now buy buy, later die die. |
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18 Sep 08 3:41 pm |
| Anonymous wrote: | | Quote: |
Very well said! Don't understand why those people hopes for recession to hit us. Thinking that you can buy at low price if it happens? So naive...recession not good for everybody...at this moment of time, everybody should be worry...if we hit by recession, do you think you are able to buy house? your first task at that time is to make sure that you can provide food on the table for your family... |
Whether we like it or not, whether we hope it or not, the reality is - we are facing recession.
So, prepare for the worst. Now buy buy, later die die. |
Yes, wait until recession then buy...see whether you can afford or not...even if we hit by recession and the property price drop..i doubt you are able to buy it also... |
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18 Sep 08 4:00 pm |
| Anonymous wrote: |
Yes, wait until recession then buy...see whether you can afford or not...even if we hit by recession and the property price drop..i doubt you are able to buy it also... |
Thank you for your concern. If I cannot afford to buy, I can rent; if I cannot rent big, I can rent small. This is so call "flexibility". I bet at that time the rental should be very cheap as well.
Because I did not buy those over-priced hdb flats, I am less stressful than u, especially at this moment, the start of the recession. |
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18 Sep 08 4:32 pm |
| Anonymous wrote: | | Anonymous wrote: |
Yes, wait until recession then buy...see whether you can afford or not...even if we hit by recession and the property price drop..i doubt you are able to buy it also... |
Thank you for your concern. If I cannot afford to buy, I can rent; if I cannot rent big, I can rent small. This is so call "flexibility". I bet at that time the rental should be very cheap as well.
Because I did not buy those over-priced hdb flats, I am less stressful than u, especially at this moment, the start of the recession. |
thumbs up !
agreed with you.
those already commit or still holding hoping to sell high will go into a "high" liao.
seller, it is whether you sell now at this current profit or sell at much lesser tomorrow... |
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Guest
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18 Sep 08 4:44 pm |
| Anonymous wrote: | | Anonymous wrote: |
Yes, wait until recession then buy...see whether you can afford or not...even if we hit by recession and the property price drop..i doubt you are able to buy it also... |
Thank you for your concern. If I cannot afford to buy, I can rent; if I cannot rent big, I can rent small. This is so call "flexibility". I bet at that time the rental should be very cheap as well.
Because I did not buy those over-priced hdb flats, I am less stressful than u, especially at this moment, the start of the recession. |
Hahaha...see who is right and who is wrong later..i think we are able to see it very soon... |
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18 Sep 08 11:28 pm |
| Bad news!!!! AIA GM resign!!!!! See it in the news tomorrow!!!!!! |
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