Originally Posted by
teddybear
Think you have got it wrong again though........
New BTOs flat will never fetch the kind of increase like in the past, other than because there is re-focus for people to treat HDB flats as a consumption for own-stay and not investment, and also because of the following:
1) New BTO flats are cheap by absolute quantum, but they are actually more expensive by $PSF because the size has shrunk tremendously, and new 5-room HDB flats are now mostly 1100 sqft (vs >1300 sqft for old HDB flats).
2) New HDB flats are more bare-bone than old HDB flats (when they come new).
3) If the people are unable and have no mean to buy a 2nd property to live in (because their HDB flats didn't allow them to profit and easily upgrade to private properties), what rental are you talking about?
Face it, most HDB owners will not get rental from their HDB flats!
1. Try telling that to people who live happily in the new HDBs. Even 3 Gens....
2. What's the issue with bare bones? HDB has always been bones, it used to be more bones.
3. A secret for people who are aware of HDB owners' situations and for you to find out.
Peace.
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.