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Thread: Commentary: Singapore’s public housing policy has done its job splendidly.

  1. #11

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    Quote Originally Posted by teddybear View Post
    The reason why HDB BTO flats are sold at such cheap price is because you, the HDB flat "owners", are legally HDB flat "leasees" who do not own the land (not even for a second) that your HDB flat sits on.

    If you want privatisation, that means you want to own the land for a certain number of years (say 99 years lease), that means you must pay much higher price for your HDB flats! Otherwise that constitutes raiding of Singapore reserves! Simple as that
    That is what HUDC, EC did.


  2. #12
    Ultimate Underdog
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    Quote Originally Posted by Arcachon View Post
    That is what HUDC, EC did.
    EC and HUDC from the get go are primed for this in terms of pricing vis-ŕ-vis surrounding properties offering. It will be extremely hard to justify why a 4rm central HDB qualifies but a 4rm outskirts HDB does not qualify. If SERS due to location requirement and build up intensity it can be justified somewhat. But direct privatisation will create huge uproar everywhere.

    The immediate supply will just be too huge for MND to manage.
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.


  3. #13
    Junior
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    Let private property owners buy resale hdb.


  4. #14
    OCR properties going to crash! teddybear's Avatar
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    There is no more HUDC.
    And EC is not cheap by any mean (compared to HDB BTO flats)!
    The reason why EC is slightly cheaper than private condos are because of cramping many units into limited size estate with limited facilities. No joke, I ever visited one before and it is so super crowded that I can't imagine how to enjoy the facilities like that when you need to rub shoulders to swim and walk, and wait in line for your turn to use the gym equipment etc! Even booking for BBQ pit and facilities is like going to battle (so who is the fastest)!

    Quote Originally Posted by Arcachon View Post
    That is what HUDC, EC did.


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