2000+ People queue/ballot for 700 units of HDB flats at Boon Keng

[Hoppie24]

any of the people here joined in the queue? Actually, i would like know the reason for such a phenomenom. $350k to $750k (3 to 5rm flat)

 

With a cap of combine income $8k per month, is it really enough to pay for a HDB flat that cost that much? I can easily get a condo at that kind of price.

 

Anyone know what's the reason for this phenomenom?

[Akula]

Based on the previous DBSS offering in Tampines, quite a lot of ppl jus trying their luck to "tikam tikam". Quite a few will drop out even if their queue number is the first 700+.

[Hoppie24]

but end of the day, there are still people buying up anyway.

[Akula]

Thats definite. Frankly $8K income ceiling quite often breached. Family members chipped in, Wife resign then re-enter workforce, self employed thus income declaration a little murky etc........ Maybe that's why till now HDB still stubbornly refuse to revise it. Supply and demand issue, quite a lot of ppl prefer to stay near city, no need to drive, near to workplace in CBD etc......

 

For the price they are paying, yes can get a condo, but most prob will be in the suburban area, not new, no preferential interest rates......To each his own, jus hoped these ppl know what they are getting into

[Wreckwrx]

S$350K for a 3rm flat???

 

[Hoppie24]

Sorry off topic abit, WOW you own a XC90 before ah, how come now become Mitsu i?

[Curahee]

The latest phenomenon is a 5rm new HDB flat cost 490 plus k. The most expensive HDB flat i ever see.

[Silver_blade]

He has 2 cars,one for the family, the other for zipping around town?

[Rickster]

any of the people here joined in the queue? Actually, i would like know the reason for such a phenomenom. $350k to $750k (3 to 5rm flat)

 

With a cap of combine income $8k per month, is it really enough to pay for a HDB flat that cost that much? I can easily get a condo at that kind of price.

 

Anyone know what's the reason for this phenomenom?

 

Ask any real estate investors what is the most important quality they look out for in their investments, most will tell you -> Location.

 

As for the 8K income cap, it does not matter when young couple's parents support come into the picture

[Akula]

Still have the XC90, Mit i was bought for wifey.

[Rickster]

S$350K for a 3rm flat???

 

A 900 sq feet condo in the same area would probably costs at least 600K.

[Zakuii]

Wah... who says singaporeans are not rich? either they are rich or they have not done their sums right.

[Law_ong]

any of the people here joined in the queue? Actually, i would like know the reason for such a phenomenom. $350k to $750k (3 to 5rm flat)

 

With a cap of combine income $8k per month, is it really enough to pay for a HDB flat that cost that much? I can easily get a condo at that kind of price.

 

Anyone know what's the reason for this phenomenom?

 

hmmm....3 room combined income cap is 3k per month..how to afford 350K??

[Typhoonz]

All these are the wu lui Xinkapoh lang...

[Zoom99]

Many young couples do not know the 120% max loan from CPF.

 

When this clause kick-in when their payment reach 120%, then many would die!

[Zoom99]

Garment got hidden agenda.

 

1. If one is tie down by such loan, how could one retire early?

It would fall nicely into working till 70~80 yrs old.

 

2. Many young couples buy condo.

They also like to have a bite of the pie too!

[Hoppie24]

Amazing! I already feed my $300+k EC until wanna die, 3k to feed a $350k HDB flat! Madness

[Rickster]

Dun need to worry for them lar, i'm sure pple who buy propertes @ such prices would not jump in with their eyes cosed. Most of them who bought it would have some sort of other financial support. Parents, family members, old flat sold @ big profit etc etc....