New HDB Ruling

[Staff69]

Not even 1 year

[Altivo]

those upgrader who buy ec 3 years ago, now their ec top-ing now one, all tio pwn

3 years ago, upgrader buy already thinking that when ec top, the cov will 50k, 100k, very song

but now when top, they will

no pr to sell to because old pr already got house liao

citizen will buy bto wont buy resale because bto is cheaper by a lot

so many upgrader buy ec, the slower ones will

ec upgrader better hurry up contact agent to sell

 

Yup, those that bought condos which will TOP soon really "geh liu" (stuck) leow.

[TVT]

no use.

correct me if i am wrong, most PR come here will not have money buy house. Effectively the 3 year waiting period is when they working and saving up money.

if they have money, they would be living a very comfortable life back in their home country and not want to come here.

 

the reduction of loan period will hurt us.

U r wrong! Most of them are very rich!!!

[Darryn]

angmo, mai tio con lah!

you think ah gong so generous ah

the trick very simple one

to buy MGF (multi generation flat), the parents must sell off their flat

govt very desperate to push down the resale hdb price because 2016 cumming liao, better hurry up to submit project before deadline

now how to sell, price going down already

somemore these MGF is only 115sqm, 5sqm more than 5 room only?!?!?!?

 

Last time they tried, multi gen not popular (was also Yishun area) for EC - Multi Gen very popular - but that is (IMHO) because the oldies' flat could be rented for extra income, moreso than because people wanted multi-gen per-se.

 

I remember when we got our flat

Gap from 4 room to 5 room was about $60k for 20 sqm (5 room at 110 sqm)

Gap from 5 room to exec was about $120k for 20 sqm (exec at 130 sqm)

 

If got multi gen should be in the 130-150 sqm range I would think....

 

Extropolating a bit....with new 5 room now going for $400 plus from HDB, (twice what we paid) the jump from 5 room to multi gen would be somewhere in the $250 - $300k range, making a multi gen around $700k? That's a tough ask for the typical "heartland" multi gen family I would think

[Joecamel]

so thats a step in the right direction.

[TVT]

Three-year waiting period for PRs to buy resale flats

Newly-minted Singapore permanent residents will now have to wait three years before buying a resale public flat, instead of straightaway after they become PRs.

They should also not allow new citizens from buying BTO flats for the first 3 years of getting the pink IC....

[Lala81]

What's interesting is the multi-generation flats - waiting to see how this is implemented, and how the pricing will be. Also if there are any new rules to go with the bigger flats.

 

Would love to see it such that they are tightly controlled and priced accordingly - i.e - MUST have three generation in same house now to be allowed to apply, CANNOT rent out a room etc etc - so that only very genuine multi-generation families can live, and you don't see the same farce we saw for EC where the penthouses were so stupidly expensive

 

115 sq m for multigeneration flat. why bother. just apply for 5rm. 5 sqm more can do what ...

[Mustank]

Yup, those that bought condos which will TOP soon really "geh liu" (stuck) leow.

 

3 year ago, govt policy waas to restrict building new flats and allowing many pr and foreigner in

these upgrader buy ec thinking that 3 year later when top, they will laugh to the bank

but they kena own by govt

who would have known that 3 years after they buy, when the ec top, the govt stop pr from buying for 3 years

 

but having said that, upgrader should karh karh hoot ec which are gonna top after 2016

because the backlog of pr wanting to buy hdb will all be released in 2016

 

2016, the magic year

[JumpySpeedFiend]

those upgrader who buy ec 3 years ago, now their ec top-ing now one, all tio pwn

3 years ago, upgrader buy already thinking that when ec top, the cov will 50k, 100k, very song

but now when top, they will

no pr to sell to because old pr already got house liao

citizen will buy bto wont buy resale because bto is cheaper by a lot

so many upgrader buy ec, the slower ones will

ec upgrader better hurry up contact agent to sell

 

Just too bad for them. Policy changes is something they cannot control. I believe even if they are to sell at valuation, they will still make a handsome profit as the price of their HDB would have appreciate quite a bit over the past few years.

[Jman888]

They should also not allow new citizens from buying BTO flats for the first 3 years of getting the pink IC....

 

 

if they already have a resale flat while they were PR, they can wait and probably make more from the sale of the existing flat

[Tjkbeluga]

115 sq m for multigeneration flat. why bother. just apply for 5rm. 5 sqm more can do what ...

that 5sqm is for the toilet lor.... and reposition 1 room to be away from the rest

[Mustank]

Last time they tried, multi gen not popular (was also Yishun area) for EC - Multi Gen very popular - but that is (IMHO) because the oldies' flat could be rented for extra income, moreso than because people wanted multi-gen per-se.

 

I remember when we got our flat

Gap from 4 room to 5 room was about $60k for 20 sqm (5 room at 110 sqm)

Gap from 5 room to exec was about $120k for 20 sqm (exec at 130 sqm)

 

If got multi gen should be in the 130-150 sqm range I would think....

 

Extropolating a bit....with new 5 room now going for $400 plus from HDB, (twice what we paid) the jump from 5 room to multi gen would be somewhere in the $250 - $300k range, making a multi gen around $700k? That's a tough ask for the typical "heartland" multi gen family I would think

 

 

MGF between 130 and 150?

zhun boh?!!?!? govt alrdady announce 115sqm

[Altivo]

115 sq m for multigeneration flat. why bother. just apply for 5rm. 5 sqm more can do what ...

 

Ya loh, even my previous flat which was an EA was already at 125 sqm was just nice only. Not very big even though it had 3 rooms + 1 small study room. In fact, we hack away the walls of the study room to make the hall bigger.

 

The new MGF at 115 comes with 3 toilets! Wonder where are they gonna squeeze that in?

[Mustank]

Just too bad for them. Policy changes is something they cannot control. I believe even if they are to sell at valuation, they will still make a handsome profit as the price of their HDB would have appreciate quite a bit over the past few years.

 

upgraders better contact agent to sell now!!!

now very hard to sell, better ask agent to sell, dont ownself sell!!!

 

[Mustank]

Ya loh, even my previous flat which was an EA was already at 125 sqm was just nice only. Not very big even though it had 3 rooms + 1 small study room. In fact, we hack away the walls of the study room to make the hall bigger.

 

The new MGF at 115 comes with 3 toilets! Wonder where are they gonna squeeze that in?

yalor! 115 nmust as well dont announce

 

somemore sell also need to sell to 3 generation family type

not easy wor

Edited August 28, 2013 by Mustank

[Altivo]

3 year ago, govt policy waas to restrict building new flats and allowing many pr and foreigner in

these upgrader buy ec thinking that 3 year later when top, they will laugh to the bank

but they kena own by govt

who would have known that 3 years after they buy, when the ec top, the govt stop pr from buying for 3 years

 

but having said that, upgrader should karh karh hoot ec which are gonna top after 2016

because the backlog of pr wanting to buy hdb will all be released in 2016

 

2016, the magic year

 

Heng I upgraded to a resale private! hahaha. Otherwise, my heart sure skip a few beats each time a new CM is announced.

[Soya]

So, lessees of existing HDB flats, are you happy now your comprains hv been heard and that your hdb flat price will drop?

 

[Altivo]

yalor! 115 nmust as well dont announce

 

Maybe they will take away the balcony. Otherwise, the MGF will be very cramp. Imagine ah ma listening to opera, grandkids running amok, the mum in the kitchen cooking while the dad is trying to read newspaper!!! Domestic violence will sure go up one! hahaha