Mr Mah copied EDMW forum member's idea?
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[quote=orwell76;53081917]
http://forums.hardwarezone.com.sg/showthread.php?p=53081917#post53081917
15-02-2011, 07:27 AM
Actually the simplest solution to current high prices of HDB flats, is not to reduce the pricing, but simply to build more 3 room flats as primary flat type instead of the 4 room flat type. [B]A new 3 room flat type is currently priced at $180k which is within the recommended mortgage size of 3 times the annual salary of an household.[/B]
Currently, only households with income below $3000 is allowed to purchase 3 room flats.
Perhaps, this should be reviewed, raising the income ceiling for 3 room flats and building it as the primary flat type for the median household income of $5000, this should set a comfortable buffer for mortgage payments.
Households earning more than $6500, will qualify for HDB 4 room purchase.
Households earning more than $9000, will qualify for HDB 5 room purchase.
The exsisting HLE (Housing Loan Eligibility) can thus be modify to be a tool for income assessment for what flat types to qualify for.[/quote]
Business @ AsiaOneIncome ceiling for 1st-time HDB 3-rm applicants raised to $5k
This will provide low-to-middle income households with more affordable housing options. -AsiaOne
http://business.asiaone.com/print/Business/My%2BMoney/Property/Story/A1Story20110303-266344.html
Minister for National Development Mah Bow Tan has promised more housing options for first-time buyers in 2011.
He was responding to questions in Parliament on Thursday about what the Government was doing to help genuine buyers own their first homes and the impact of the cooling measures the Government had implemented earlier in 2010 on the property market here.
New among these measures was the raised income ceiling for 3-room BTO flats in non-mature estates from $3,000 to $5,000.
Mr Mah said this will provide low-to-middle income households with more affordable housing options. The number of 3-room flats on offer will also increase by 50 per cent, or 1,200 flats.
Of the other measures, home buyers can look forward to 22,000 new Built-To-Order (BTO) flats this year, which is the largest supply in recent years, to be located in different parts of Singapore. 14,000 will be offered in the first half of 2011.
Higher-income earners can also look forward to a greater suppy of Design, Build and Sell Scheme (DBSS) flats and Executive Condominiums (EC). The Government will offer land sites this year for 4,000 DBSS and 4,000 ECs, amounting to 8,000 flats in total. Home buyers whose combined family income totalled $10,000 became eligible for DBSS flats last year, which was up frm $8,000.
Mr Mah said: "We recognise that households with higher income may need more housing options. This is why we have extended the options to the DBSS flats as well." -
Ah Mah not bad lah...now give and help lower income too...where to find
Low-income families can now receive a new government grant of up to S$20,000 to help them purchase their first Housing Development Board (HDB) flat.
This is in addition to the existing grant of S$40,000, which brings the total amount of subsidies for a new home to S$60,000.
A new two-room built-to-order HDB flat costs between S$80,000 to S$120,000.
The subsidy, which is part of the new Special CPF Housing Grant (SHG), was announced by National Development Minister Mah Bow Tan in Parliament on Thursday. This means a lower-income family can get between half and three-quarters of the flat’s price covered by government grants.
The subsidy can mean even more cash in hand for those with lower incomes. Instead of paying to rent a flat, they will be able to repay their housing loans with their Central Provident Fund (CPF) contributions.
Under the new scheme, Mr Mah announced that flat buyers with household incomes not exceeding S$2,250 will be given between S$5,000 and S$20,000. Those earning less than S$1,500 will receive the full S$20,000.
These families are also eligible for the Additional Housing Grant of S$40,000.
According to the Ministry of National Development (MND), the new SHG can be used to buy only two- and three-room standard flats in non-mature estates like Punggol and Sengkang.
Families earning S$1,500 and below will only be allowed to purchase two-room flats.
Mr Mah said he hoped the scheme would aid low-income families now renting flats from the HDB get started on the road to owning their homes instead.
He explained this is why the HDB designed the scheme so the S$1,500 income ceiling for the maximum S$20,000 grant coincides with the S$1,500 income ceiling for rental flat applicants.
Families benefiting from the scheme include people like cleaner Rosli Nodin, 43, who has lived in a one-room rental flat in Bukit Merah with his wife and two children since 1996.
The family’s sole breadwinner, Mr Rosli earns S$1,000 a month and pays S$110 in rent. The new grant means Mr Rosli needs only to take a loan of up to S$40,000 to afford a S$100,000 two-room BTO flat.
His CPF contributions will completely cover the monthly instalments.
“We can use the money we save from rental for the household expenses, or save it for the children to go to school,” his wife, Madam Saribanon Senin, 37, told The Straits Times.
“It’s a lot of money, as we have had to pay rent every month for so many years. Now we can save it up.”
The new scheme was implemented in response to concerns raised during the debate on the National Development Ministry’s budget. Several MPs asked about help for needy families living in public rental flats.
Mr Teo Ser Luck, representing Pasir Ris-Punggol GRC, was among those who related experiences with residents who had approached him with their housing troubles.
Dr Ahmad Mohd Magad (Pasir Ris-Punggol GRC) was also among those who wanted the waiting time for rental flats reduced.
In response, Mr Mah said the HDB had ramped up the supply of rental flats so that 50,000 would be ready by next year. Eligibility rules for rental flats have also been tightened.
This cuts the waiting time from 21 months in 2008 to eight months this year.
Describing HDB rental flats as a public safety net, Mr Mah said the high demand — the HDB received appeals from 7,000 people last year — meant that the government had to focus on truly needy families.
“The housing safety net would collapse if it had to support all who sought subsidised rental housing,” he explained.
An appeals committee, led by Senior Parliamentary Secretary for National Development Mohamad Maliki Osman and a panel of MPs, had been set up to review requests from families on a case-by-case basis for this purpose.
Mr Mah stressed that the government’s policy was still to promote home ownership over rentals.
“Rental is consumption, with no returns. Buying a home is a way for people to build up their assets and share in the nation’s growth,” he said.
Dr Maliki also presented the findings from the MND-MCYS (Ministry of Community Development, Youth and Sports) workgroup on assistance for vulnerable families yesterday.
He proposed that inter-agency collaboration be improved to resolve family problems.
For instance, the HDB is working with the Subordinate Courts to address the post-divorce housing needs of parents who gain custody of their young children.
He also recommended that the tenancy period and rent structure for families living in rental flats be made more flexible, so they can continue living in rental flats till their permanent homes are ready.
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It proves that PAP doesn't have the solution to all the problems, and you don't need to be a scholar to make policy. High pay does not necessary means better solution. The forum member going public 2 weeks earlier than HDB with the same recommendations, with lesser manpower and resources at hand.
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Scholars are only highly-educated...................meaning their memory very good in memorizing books..................
doesn't mean they can think.....................
i know a couple of graduates that are near retards when it comes to practical ideas..........
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Originally posted by Asromanista2001:
Scholars are only highly-educated...................meaning their memory very good in memorizing books..................
doesn't mean they can think.....................
i know a couple of graduates that are near retards when it comes to practical ideas..........
cant blame them, we are the by product of the system leh. we are being taught rote learning and doing lots of workbooks and 10 years series, unlike in the west, where they were taught critical learning and challenging the system.
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heck even we are not taught proper english in schools mind you. grammer wasnt taught by our teachers, so is phonetics as well. you know when sporeans pronounce salmon, I want to faint liao.
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Should built more 3 room hdb since more and more married couple either only hv 1 or 2 kids. Built 3 room flat cost less and affordable too. And 3 room hdb when nicely rennovated, can be like a condo unitl
Why still built so many 4 room hdb flats?
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We pay them millions so that they can come into internet forums to surf for solutions?
Or they delegate this tasks to the people working in their ministries?
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He was the one that created the problem in the first place. Now, act as a hero to solve the problem. WTF.
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Originally posted by kira.sg:
He was the one that created the problem in the first place. Now, act as a hero to solve the problem. WTF.
Ah least Mabok still a bit sober to do the right adjustment.
Maybe, the Prime Slapper gave him a good slap.
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Originally posted by likeyou:
Should built more 3 room hdb since more and more married couple either only hv 1 or 2 kids. Built 3 room flat cost less and affordable too. And 3 room hdb when nicely rennovated, can be like a condo unitl
Why still built so many 4 room hdb flats?
A lot of people still prefer a 4 room flat over a 3 room flat even though their family size is small. Given that poorer people still live in 3 room flat and below. The environment can be a little bit different somehow.... Loansharks etc...
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Originally posted by Nelstar:
Ah least Mabok still a bit sober to do the right adjustment.
Maybe, the Prime Slapper gave him a good slap.
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Originally posted by Junyang700:
A lot of people still prefer a 4 room flat over a 3 room flat even though their family size is small. Given that poorer people still live in 3 room flat and below. The environment can be a little bit different somehow.... Loansharks etc...
The Singapore Dream.
Downgrading from 5 room to 4 room to 3 room flats.
Eventually, the dream is complete when you live in those 1 room flat.
Either that or you live in a retirement home in JB.
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Marbok Tan feeling the heat because he is one of the least competent mininsters around.
Don't forget he screwed Tibs Holdings back in 1999 when he was Transport Minister.
If only he gave up his political aspirations after losing to Chiam in 1984.
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Originally posted by iveco:
Marbok Tan feeling the heat because he is one of the least competent mininsters around.
Don't forget he screwed Tibs Holdings back in 1999 when he was Transport Minister.
If only he gave up his political aspirations after losing to Chiam in 1984.
I think Mabok and Yakult are the funniest people in the Garment.
They make good jokes including the rainfall 1 where Yakult did a William Hung.
"Did their best."
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Originally posted by Nelstar:
I think Mabok and Yakult are the funniest people in the Garment.
They make good jokes including the rainfall 1 where Yakult did a William Hung.
"Did their best."
Huh?