awhtc

Why not compensate them a few hundred thousand and sell them a new 30 year studio apartment for 100K (current price) or less?

 

Even if they overpaid, current regulations insist the house has to be fully paid with 20 year lease left (no CPF, no loan). So they will be sitting on a large unit that still can be sold (full cash buyer).

 

The main beneficiaries in your suggestion seems to be the second gen. Most importantly, it defeats the meaning of what is meant by 99LH.

 

Indeed I'm looking at the 2nd or 3rd generation owners.  The 1st generation would have already passed away when the HDB reaches 99 years.

 

Essentially, it allows these owners to top up the lease.  VERS may not be feasible in many cases for these 2nd or 3rd generation owners.

 

What is happening now is owners of ageing HDB units are finding it harder to sell off their unit so I think HDB neighbourhood decay due to vacant units in ageing estates could be a real issue in the next 10 years.

It makes more sense to retrofit the ageing blocks and offer the existing owners a new set of 30 years lease after the 99 years lease has expired.  Thereafter, the blocks can be demolished to make way for new developments.

 

An additional 30 years lease should placate owners who made the mistake of overpaying for their units about 5-10 years ago, while affording a cheaper re-sale house for those who value convenience and lower price quantum.  The terms and conditions must be very clearly spelled out to those who want to renew their 30 years lease or buy these re-sale units.

 

I foresee that as a HDB block ages towards less than 30 years lease, there will be more vacant units when the existing owners pass away.

Another WTF moment from LTA or whoever does road works on the expressways.. why no slow down to 60 or 40km/h, and where's the sign 100 or 200m from the work zone??

 

 

LTA is good at having tree pruning and road works during peak hours, poor quality of road re-surfacing after road works and poor enforcement of heavy vehicles speeding or road hogging at lane 1 or 2.

 

The quality of new roads e.g. joining section between Lornie Highway and Adam Road Flyover is still very poor.  I think LTA is too lax with enforcement on its contractors and heavy vehicles.

i am quite sure it is caused by speeding , not under steer. This is South  Bouna Vista, the most windy road in SGP, any speeding would run into trouble. 

 

The driver was doing an Initial D 

 

https://www.youtube.com/watch?v=PiCdlVKoyuo

 

 

red light mean can cross??

Pedestrian could have mistakenly thought the green light was meant for him to cross but it was for the vehicles.

The car dealers are so fast in raising prices.

For me, my 3-year old had a COE of over 50k so traded in as its still got good value.

 

on top of it, hope that the next cycle 10 years later is this range rather than the 50k if i held on to it for 10 years.

If vehicle population growth is still 0% but the population and GDP per capita are increasing, 10 years later the COE will be much higher than now.

Many people will rush to the car showroom to book their new car before the next COE bidding.

If cabin ventilation is set to draw in external air, the cabin air will be more dirty. Use recirculation mode for short drives for cleaner cabin air, lower air con energy and cleaner filter.

Hi all,

 

Can any kind buddies advise what is the speed limit of this road?

 

It seems like a sideroad parallel to AYE. I got banged by a bus (right rear passenger seat door) while turning out from clementi ave 6 into aye. Not sure if he is within speed limits as the bus seemed to appear suddenly and from google street map, he should have seen a long stretch of cars waiting to turn in from far and should probably have slowed down. This road should be 50Km/hr cos its not AYE yet, correct?

Thanks in advance...

 

 

crashroad.png

 

https://goo.gl/maps/GmeiMMJociaa3mdv6

Buses tend to move very fast along these special bus lanes.

 

Hence, you will need to almost stop before reaching the line.

whose fault ?

 

Blind spot to both cyclist and turning car due to the car waiting at the junction.

Sounds like another sales speak to scare ppl into wasting money on GCOE

 

Thats exactly what was said after the last contraction.

 

The question is always whether demand is matching shrinking supply. Once exceed then COE goes up. If not, COE can stay the same.

 

Interesting this thread a lot of ppl seem to be trying to spark fear. I think with technical recession strong possibility, many big companies never give out bonus (civil servant .45 month bonus), unemployment rising, taxis/PHVs still very cheap, overall demand is clearly shrinking

 

Question is only if supply is shrinking faster than demand

Good time to revisit this article:

 

https://blog.moneysmart.sg/transportation/coe-prices-singapore-lowest/

The quota drop looks sharp and there will be a spike of panic buying but qn is how long it can last. Every spike so far has peter out, seems the volumes are still sufficient for existing replacement demand

 

After this plunge in quota for Cat A and many COE renewals, it is reasonable to expect the quota to go under 800 per tender over the next 2 years.

 

Compared to the latest tender of around 1,900 bids for Cat A, it is like every 3 in 5 person who is buying a Cat A car cannot get their car by then.

If the Taxi Driver just Jail for 2 Months...then the Judge..   ..

 

It is difficult to judge the speed of an incoming car at night if it has strong headlights.  So the taxi driver could have misjudged at the junction especially after a tiring day of driving.

The current economic climate does not look so rosy, so I wouldn't advise taking out funds from CPF to pay for any loans.. 

My 2c worth..

 

The context is if there is a bank loan and the interest rate is high, it is better to clear it off totally using CPF.  The CPF can be re-built again by topping up with extra cash later.

 

However, if one still has a long term loan and the bank interest rate is below the CPF interest rate, it is better to continue with the loan while keeping the CPF as a reserve.

STI has been going up since June: https://finance.yahoo.com/quote/%5ESTI/.  There is no large scale retrenchments yet, so the buying sentiment for cars and properties is still there.

 

The Cat A quota cut by around 20% should push the Cat A price to $30k+.  Cat B + E quota should also be reduced by about 10%, which could send prices to above $40k+ again.

 

I think the window for cheap COE is now closed for the next 7-8 years.

3.0+% currently, pegged to 3mo sibor.

Bank loans for HDB were quite lousy at the time i signed up cos hardly anyone used them when i first signed up on buying the flat (and i was completely clueless back then and didn't even understand how did interest for 1mo sibor compute).  Had one free refinance already. 

 

Just 160k left ... so wonder if i should just pay it off

 

If interest rate is above 2.5%, just pay off using CPF.

30 years later ...... will there be any chewren around?? I mean really “local indigenous” true blue singaporeans -3 rd or 4th/5th Gen kiddos ??........ we might be last of the Mohicans

 

That will be tough to find true blue Singaporeans because you need to trace back to Sang Nila Utama times when pirates still roamed the seas around Singapore. Then, you can probably buy the whole plantation land for $10   

Next most important forward data is that those who had bought HDB in 2013 to 2016 have their HDBs meet MOP. By completion rate, we are looking at something like 15,000 units every year.

 

A third will mean 5000 units; a fifth will mean 3,000 units of base demand.

HDB resale prices are dropping by about 1% each year since the peak in 2013 and large correction in 2014.

 

I doubt there are many upgraders who can make the jump into new condos. Many may just upgrade to a bigger HDB.

 

I don't think the current price can sustain. It could be just a flash in the pan due to 2017-2018 enblocs.

 

There are still many upcoming launches so the real demand data could only be seen around end of the year.

Apartments usually have a small pool, a small gym and a tiny BBQ pit at the minimum.

 

It is surprising that condos are cutting back on facilities and yet selling at ever higher prices.

Bread and butter cars should be around $1-1. 50 per km all in - installment, petrol, maintenance, parking, ERP, tax, fines etc.

Overfilling might damage the vapour collection system.

 

https://auto.howstuffworks.com/fuel-efficiency/fuel-economy/avoid-topping-your-gas-off.htm

Now a big portion of the expensive new launches is supported by these cash rich enbloc owners.

anyone Shuttle owners realise that Shuttle fuel tank is not well design

 

cos when each time I pump petrol

 

the nozzle will auto stop

 

but u can still pump $30 into the tank

 

it will takes about 10 mins to do it

 

I dun have this problem with my ex Airwave

An auto stop allows me to go to about 700+ km in a full tank. When I go JB, the petrol attendant can add about 5-10 litres more. My 1st bar will then take about 300 km to drop. Amazing but not advisable to overfill.

why you said so?

Because I dented mine by just resting my elbows on the metal roof when washing my car.