Mabel Tan says HDBs raises our fortune
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How family's fortunes have grown over years
THE letters lamenting how singles are being priced out of the HDB market and the call to ban cash over valuation (COV) arrangements are bemusing.
My family is an example of how HDB policies have helped us improve our standard of living and how gradual price increases have helped my family upgrade our housing status.
My parents have three children and over 40 years, our family of five has moved from a one-room flat to a three-room and finally to a four-room flat in Choa Chu Kang - a location that is not ideal for some people but has reasonably good amenities. Most important, it is a place my family can afford.
Although we started out with a small one-room flat, the price increases have helped our family upgrade the size of our home.
Unlike other countries, Singapore has a unique public housing policy where the Government not only helps most of us buy our first home, but also ensures that the increasing value of our property will enable us to upgrade to the next level when we are ready.
My brother recently applied successfully for a flat in the vicinity. Although his fiancee's parents live in the more popular Sengkang and of course she would like to live near them, they decided to apply for Choa Chu Kang because their chances of getting a flat would be higher.
When I got married eight years ago, I lived with my parents-in-law for a few good years before we bought our own place. Young couples these days complain they are being priced out of the HDB market. But it is their unrealistic expectations that have caused this.
Realistically, a young couple who want to start a family and own their own place should consider a tradeoff between the size of their first home, its location and the availability of new homes (especially in a mature estate).
Otherwise, there are other options like the rental market or living with their parents until they are ready to move out.
A word of advice to these young couples who plan to start their own families and move on to the next stage of their adult life: Instead of blaming others for not being able to own their own place (with the size and location they want), perhaps they should be more mature and realistic in their expectations.
In life, we must learn to adapt and not just live within our means, but also make the most of what we have.
Mabel Tan (Miss)
http://www.straitstimes.com/ST%2BForum/Story/STIStory_434495.html
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be realistic hor...if you earn less than HDB income ceiling 8k, the most u go for is duxton @ $650,000 per unit ok?
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Resale HDB prices increased by 38 percent; 40 percent of buyers PR
H88.com.sg,
Prices of resale HDB flats have shot up by 38% over the past three-and-a-half years according to Eugene Lim, associate director, ERA Asia-Pacific. But what’s shocking is that 40% of buyers are made up of Permanent Residents according to recent ERA’s resale transactions.
When asked what they think about the above report Eugene Lim, assosiate director, ERA Asia-Pacific said,
“The government’s target population of 6.5 million is steadily increasing the pool of PRs; and they have to buy their HDB homes from the resale market as they do not qualify to buy new flats directly from HDB. ERA’s resale transactions show that PR buyers make up some 40 per cent compared to 20 per cent three years ago.”It is widely known that prices have risen over the past few years and that we had a large influx of new residents. But when you see such statistics side by side, it begs to question why weren’t counter measures put into place earlier considering this happened over a sustained period of three-and-a-half years?
Another statistic we found interesting in the report was how 86% of ERA’s HDB recent resale transactions were concluded with Cash-Over-Valuation (COV). This number seems to come into conflict with what Mr Mah Bow Tan said recently about a third of HDB resale transactions done at or below valuation.
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I read her post on the ST forum afew days back and I think she's a whack job (just like our lionnoisy).
My family is an example of how HDB policies have helped us improve our standard of living and how gradual price increases have helped my family upgrade our housing status.
Although we started out with a small one-room flat, the price increases have helped our family upgrade the size of our home.
The price of their 1 room HDB flat increase and it helped her family upgrade the size of their home?
Think they are trying to convince citizens that price increases are good for you.
The price of her 1 room HDB increased and I suppose that all other HDB flats remain stagnant.
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ST likes to publish rubbish news and rubbish letters and rubbish logic and rubbish arguments, treat people like fools.
Good thing I never read state media propaganda.
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Originally posted by angel3070:
ST likes to publish rubbish news and rubbish letters and rubbish logic and rubbish arguments, treat people like fools.
Good thing I never read state media propaganda.
then what you read? FEER? -
Who knows? *shrugs*
Maybe her 1 room HDB increase by 100% while the 3 room to 5 room HDB increase by 5% only.
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Originally posted by Rooney9:
then what you read? FEER?You read state media propaganda?
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Originally posted by angel3070:
You read state media propaganda?
I read ST.
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Some ppl prefer to hear only the good news, while others prefer to hear the ugly truth.
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Originally posted by Rooney9:
I read ST.
I assume you are not a politicised person.
You won't learn much about political affairs by reading state media propaganda.
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many singaporeans own HDBs which are almost half a million $. Anywhere else you shift if one would like to maintain the same HDB size, is almost the same price, if not higher.
What fortune are these people talking about? Asset rich but cash poor.....OR cash rich asset poor....which one is more sensible for a decent retirement.
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they should do a interview with the family that sold their 3 room hdb @ queenstown for $700k++
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Originally posted by Shao Wei:
they should do a interview with the family that sold their 3 room hdb @ queenstown for $700k++
Tell us how many HDB areas do you come across with such a $$$ for resale? Crap -
Originally posted by Shao Wei:
they should do a interview with the family that sold their 3 room hdb @ queenstown for $700k++
u sure it's 3 rooms only? -
I think that one was 2 units with a common doorway.
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u all dont complain la
later sg women go overseas be maid then u know
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for a moment i thought it was mabok tongue talking nonsense again
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MBT would say that the % he quoted was an honest mistake!
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Rooney9, I advise you to stop reading state print media propaganda material.
I think this bad habit must end.
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show us the pic of this bitch
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Are you going to burn her?
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People already gave out facts and figures to show why the prices are getting out of hand.
8000 new flats a year vs 100,000 new PRs/new citizens + 24,000 marriages per year.
You do the math.
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Originally posted by angel3070:
Are you going to burn her?
I will kill her
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i suspect mabel tan does not exist.
Somebody make some sense of what she said: "how gradual price increases have helped my family upgrade our housing status."