New VERS scheme for aging HDB

[Pocy]

17 pages already ........ OK OK I support VERS

[Ignissport]

how did public housing become such a big mess....too many scholars involved perhaps

[Wind30]

how did public housing become such a big mess....too many scholars involved perhaps

I think there are a lot of stuff to complain about in singapore but hdb I feel is something that our government has got mostly right.

 

Which is not easy... yet the people are not appreciative ....

 

I am going to spend a bit of time on the train typing reasons...

 

The two most popular complaints is government let hdb have market value and resale to prs.

 

1) if u don’t let market decide pricing for resale, what price is hdb going to pay to take back the flats? So many issues... do hdb access flat conditions? If they do, how much to pay for Reno and good condition? If they don’t, all your hdb will become a slump as no one want to invest in their house Reno and upkeep. What price to set for resale? Lower than the new price since the remaining lease is less? Then people will not get back any cash when they sell hdb.... how to upgrade? Higher than twhen they buy, where is the money going to come from?? Currently a lot of these money comes from PRs who can’t buy new or richer singaporeans who cashed out on something.

 

How much are they going to sell those resale flats to next owners????

 

I cannot believe the amount of administrative work that will entail to price all those hdb resale and if people complain now... I tell u it will be 10x louder when hdb set resale price

 

2) if u don’t let PRs buy resale, hdb resale is going to tank, then everyone selling off hdb will not get any cash....

 

Be appreciative of what u have

Edited August 23, 2018 by Wind30

[Hoseyboh]

is it? didnt know nowadays cut cost until use china made lift??

 

 

http://theindependent.sg/are-china-made-lifts-the-reason-for-recent-accidents-involving-lift-malfunctions/

[pegasi]

time for hdb to review

 

http://theindependent.sg/are-china-made-lifts-the-reason-for-recent-accidents-involving-lift-malfunctions/

dont risk users safety for costs

[Wt_know]

announce first then use 20 years to think how to do it?

Edited August 24, 2018 by Wt_know

[Victor68]

I think there are a lot of stuff to complain about in singapore but hdb I feel is something that our government has got mostly right.

 

Which is not easy... yet the people are not appreciative ....

 

I am going to spend a bit of time on the train typing reasons...

 

The two most popular complaints is government let hdb have market value and resale to prs.

 

1) if u don’t let market decide pricing for resale, what price is hdb going to pay to take back the flats? So many issues... do hdb access flat conditions? If they do, how much to pay for Reno and good condition? If they don’t, all your hdb will become a slump as no one want to invest in their house Reno and upkeep. What price to set for resale? Lower than the new price since the remaining lease is less? Then people will not get back any cash when they sell hdb.... how to upgrade? Higher than twhen they buy, where is the money going to come from?? Currently a lot of these money comes from PRs who can’t buy new or richer singaporeans who cashed out on something.

 

How much are they going to sell those resale flats to next owners????

 

I cannot believe the amount of administrative work that will entail to price all those hdb resale and if people complain now... I tell u it will be 10x louder when hdb set resale price

 

2) if u don’t let PRs buy resale, hdb resale is going to tank, then everyone selling off hdb will not get any cash....

 

Be appreciative of what u have

so the concept for HDB is a property investment opportunity not a public housing scheme? If today it took a young coupe to pay off the loan in 25-30 years, future generations take 2 generations to pay? I would rsther keep it affordable whike young couple save and invest in private property if they wish to go that route. 

[Hoseyboh]

time for hdb to review

 

 

dont risk users safety for costs

 

 

 

 

 

 

 

 

 

 

Tan ku ku....bun bun tan....

[Vratenza]

This is the kind of mentality that is pervasive for the 70%.

 

Just because something is ingrained and difficult to change in fear or crashing the resale market means to keep up with the ponzi scheme till it bludgeon till it self implode due to in sustainability? 

 

Give you example of the MRT train situation. Just because of the lack of maintenance and the policy makers not foreseeing the massive overloading of the infrastructure as a result of the flood gates opening for the FTs, they are now caught in the situation when they cannot just shut down the whole MRT system for months just to replace the whole signalling system. So they need to do it in agonisingly slow after operating hours piecemeal way. 

 

HDB policies need an overhaul badly to bring it down to a soft landing. From the current crop of yesmen/women, I don't see it happening. 

 

 

 

I think there are a lot of stuff to complain about in singapore but hdb I feel is something that our government has got mostly right.

Which is not easy... yet the people are not appreciative ....

I am going to spend a bit of time on the train typing reasons...

The two most popular complaints is government let hdb have market value and resale to prs.

1) if u don’t let market decide pricing for resale, what price is hdb going to pay to take back the flats? So many issues... do hdb access flat conditions? If they do, how much to pay for Reno and good condition? If they don’t, all your hdb will become a slump as no one want to invest in their house Reno and upkeep. What price to set for resale? Lower than the new price since the remaining lease is less? Then people will not get back any cash when they sell hdb.... how to upgrade? Higher than twhen they buy, where is the money going to come from?? Currently a lot of these money comes from PRs who can’t buy new or richer singaporeans who cashed out on something.

How much are they going to sell those resale flats to next owners????

I cannot believe the amount of administrative work that will entail to price all those hdb resale and if people complain now... I tell u it will be 10x louder when hdb set resale price

2) if u don’t let PRs buy resale, hdb resale is going to tank, then everyone selling off hdb will not get any cash....

Be appreciative of what u have

 

[Wt_know]

no ... whenever a new guy takeover MND must prove himself ma

so ... one do this one do that

one say housing is to live one say housing is asset enhancement

one say after 99yrs ... your hdb is $0 (kosong)

 

how did public housing become such a big mess....too many scholars involved perhaps

 

Edited August 24, 2018 by Wt_know

[Wind30]

so the concept for HDB is a property investment opportunity not a public housing scheme? If today it took a young coupe to pay off the loan in 25-30 years, future generations take 2 generations to pay? I would rsther keep it affordable whike young couple save and invest in private property if they wish to go that route.

How do you work out that it takes 25-30 years to pay of a hdb currently, assuming a new hdb? I would think it is closer to 15 years... assuming a 250k loan and average monthly payment of $800 each working adult or 1.6k over 15 years and 2.5% interest rates

 

If u include cpf contribution, the cash payment to the loan is not that high.

 

I don’t want to speculate on future hdb prices if we can’t even get current numbers correct.

Edited August 24, 2018 by Wind30

[Evillusion]

so the concept for HDB is a property investment opportunity not a public housing scheme? If today it took a young coupe to pay off the loan in 25-30 years, future generations take 2 generations to pay? I would rsther keep it affordable while young couple save and invest in private property if they wish to go that route.

some people see $$$.. Edited August 24, 2018 by Eviilusion

[Wind30]

This is the kind of mentality that is pervasive for the 70%.

 

Just because something is ingrained and difficult to change in fear or crashing the resale market means to keep up with the ponzi scheme till it bludgeon till it self implode due to in sustainability?

 

Give you example of the MRT train situation. Just because of the lack of maintenance and the policy makers not foreseeing the massive overloading of the infrastructure as a result of the flood gates opening for the FTs, they are now caught in the situation when they cannot just shut down the whole MRT system for months just to replace the whole signalling system. So they need to do it in agonisingly slow after operating hours piecemeal way.

 

HDB policies need an overhaul badly to bring it down to a soft landing. From the current crop of yesmen/women, I don't see it happening.

I agree SMRT was very badly managed.

 

I don’t agree on the hdb policies. I thought hdb policies are superb as it is. If anything, maybe rising up interest rates a bit faster such that people will not borrow what they did not earn.

[Evillusion]

How do you work out that it takes 25-30 years to pay of a hdb currently, assuming a new hdb? I would think it is closer to 15 years... assuming a 250k loan and average monthly payment of $800 each working adult or 1.6k over 15 years and 2.5% interest rates

 

If u include cpf contribution, the cash payment to the loan is not that high.

 

I don’t want to speculate on future hdb prices if we can’t even get current numbers correct.

you talking from your experience or from the experience of the common masses. Can you safely say everyone in Singapore has the same qualification and earning the same pay as you? Up to the 90s the price of public housing can be comfortably paid using a single salary on 20 yrs tenure.....now need what? double income to achieve the same result? That is not progress. Edited August 24, 2018 by Eviilusion

[Kopites]

We need to built an army. we need the men to carry arm. we need to give them a house where they can call home. To protect the their home and loved one.

 

 

Lee kuan yew said in one of his speech...not me..

 

maybe back then lee kuan yew meant 99years lease with depreciating "kosong" value at end of lease.

 

 

Edited August 24, 2018 by Kopites

[Ash2017]

you talking from your experience or from the experience of the common masses. Can you safely say everyone in Singapore has the same qualification and earning the same pay as you? Up to the 90s the price of public housing can be comfortably paid using a single salary on 20 yrs tenure.....now need what? double income to achieve the same result? That is not progress.

 

Bro I humbly disagree with you

 

not progress for you and me

BUT

progress for the country's coffers 

 

Dont believe ask your best friend whom had been your pillon rider since your NS days, Madam Ho Ching?

This is the kind of mentality that is pervasive for the 70%.

 

Just because something is ingrained and difficult to change in fear or crashing the resale market means to keep up with the ponzi scheme till it bludgeon till it self implode due to in sustainability? 

 

Give you example of the MRT train situation. Just because of the lack of maintenance and the policy makers not foreseeing the massive overloading of the infrastructure as a result of the flood gates opening for the FTs, they are now caught in the situation when they cannot just shut down the whole MRT system for months just to replace the whole signalling system. So they need to do it in agonisingly slow after operating hours piecemeal way. 

 

HDB policies need an overhaul badly to bring it down to a soft landing. From the current crop of yesmen/women, I don't see it happening. 

 

 

Doc, you surely must realised that the government under the current ruling party DON'T do things on impulse. Too often, looking back at history, IT ALL HAD been planned. It is very strange that nobody had nominated them for the OSCAR awards.

 

 

 

eg you think our PM stupid and ask population to just free wifi, drink cheaper milk and etc, something is cooking ..... be prepared 

and if I were you, rich or poor, hang on your underwear for your dear life

[Evillusion]

Bro I humbly disagree with you

 

not progress for you and me

BUT

progress for the country's coffers

 

Dont believe ask your best friend whom had been your pillon rider since your NS days, Madam Ho Ching?

 

 

 

Doc, you surely must realised that the government under the current ruling party DON'T do things on impulse. Too often, looking back at history, IT ALL HAD been planned. It is very strange that nobody had nominated them for the OSCAR awards.

 

 

 

eg you think our PM stupid and ask population to just free wifi, drink cheaper milk and etc, something is cooking ..... be prepared

and if I were you, rich or poor, hang on your underwear for your dear life

of course its progress for the elected few.....for the country? I doubt it is. My late father and mom, took nearly 5 yrs to pay for our 3 room AMK home, i took 20 yrs to pay off my 5 room hdb home alone.......which many of my friends said i was overstretching my end. Now the young ones needs double income to buy the same new hdb with the same tenure duration.......and still some say its okay. Edited August 24, 2018 by Eviilusion

[Showster]

It's supposed to be crystal clear but I believe people tried not to see it.

 

Assuming 1 million units of HDB flats overall all awaiting free renewal after 99 years.

 

Each unit costs for example 400,000 (assuming bare costs of delivery) factoring in future inflation.

 

We are looking at an expenditure of 400 billion per 100 years or 4 billion every year of housing goodies, with the Govt forking out more than $10 billion of free housing in some years.

 

How can that ever be thought to be sustainable?

 

Why after 99 years of subsidized use (or even 70 years), still expect another free housing of the same size to be given?

 

Public housing is not free-forever housing. Public transport is also not a free transport, pay once and then can use forever. Certainly people can understand that?

Edited August 24, 2018 by Showster