thanks for the positive comment gfoo. appreciate that!
okie.. if you guys study the market of new launches against resale, you realised that developers do not usually launch their projects at the actual market price as per the bank does values at that particular moment. whether or not you get a better from one developer against another developer is depends very much on how much discount you gets if you do get against the exact quantum, and you own personal valuation of the property. When you are purchasing a brand new developers' units you existing liabilities are of 20% on the purchase price since it will have to go thru construction phase. in comparison to purchasing brand new project thru normal progressive payment scheme where you actually pay as they build. even the hdb are of the same structure. what would be the price comparison against the brand new under construction against resale hdb in that case? Similarly for resale, your payment scale is still same as in 20% downpayment and 80% loan. as unit is available for move in thus the requirement for the immediate full liability and payment of the 100% purchase price as compared to brand new under construction. If a similar scheme is also in the hdb, why weren't anyone go make a careful comparison and complain to hdb in that case? 30-40 years hdb 4rm can averagely still command the price of 300plus thousand??? some in a better location can fetch between 400-500k hdb does not conduct en-bloc procedures as frequent like the private developers do thus average lifespan for private property is probably between 20-25years now. if today hdb do not curb speculation and investment on hdb by implementing the MOP, etc. do you think nobody will not speculate hdb just like how they speculate private? even with such restrictions and regulation, the prices of our dear public housing are still pretty unjustified if we were to look at the comparison carefully. this is still my basic needs which i call it a home. if my mom's 4rm flat was purchase at 60k 20 years ago, and today it worth the price of easily above 330k. looking at it can I actually get hdb to price the brand new and resale hdb to the current market situation/sentiment and sell it to me at probably the price it worth say ten years ago where it was only worth 120k for brand new and even smaller size.
We are comparing the size everyday and we does mention that the size are small, etc. if we can be a little more observant, we will realise that not only pte are shrinking but the hdb too. however, to be fair to everyone... why is that we are able to accept a 3rm hdb comfortably yet we complain that 2bdrm in pte are too small? the sizes are similar too..! same complaints on 1bdrm series in pte against 2rm hdb. example: 3Standard=54sqm=581sqft, 3I=60sqm=645sqft, 3A=75sqm=807sqft. 2rm Standard=41sqm=441sqft, 2rm Improved=45sqm=484sqft.
Those stated above are all the various sizes in hdb. let analyse on the size against size between hdb and NE. In NE, we have the size of 700/753/807/915sqft. seems like the closest i can get for the size in hdb unit for comparison against smallest 2bdrm 700sqft is the 3Simplified=65sqm=699sqft. does that mean we should be lucky that developer didn't choose to build sizes that are similar to the 3standard which is similar to our 1+1 in private? even the 1bedroom are constructed equivalent or bigger than the 2rm standard hdb flat.
I personally think that most pte size were never an issue to buyers as in the first place most of us grown up living in flat having sizes like that or even smaller. then why as the modernisation goes, we suddenly starts to evolve in such way that we seems to feel so embarass of living in sizes like that. I personally do not mean anyone in particular but it makes me think back and ask myself sometimes when I hear such comments, was it the self-esteem that is making him feel that way when I heard one client said that 'these size are not meant for human beings to stay.' If these sizes are not humane enough in the current modern society of Singapore, then shouldn't we all petition these issues up to the human rights organization as well our own government & ministers.
Looking back at prices.. I sincerely hope prices can really crash to the bottom where i can get my hdb flat at only 100k though 60k would be fantastic. I would love to dine in the hawker centre for a sumptous dinner for less than $2. However, I know for sure all these will never be ever possible! If it does happens, I am sorry! I seriously think this will be really disasterous. I would foresee 70% of our entire population will go bust! we might probably just have to start where we last started 50 years ago. when prices does crashes too deep down, relatively means that we have wasted the last 5 years, 10 years or even more. inflation causes the living standard in Singapore to be rising but I rather that be the case than to turn back the clock and relook the past Singapore in current moment. Its really scary...!!! Of course, this definitely will also need a good goverment to prevent all these from happening. I had never really felt anything much from the government till I stepped into the real estate industry and today I do thank god that we does have an efficient government although many of us are still cursing and swearing about certain regulation the goverment had set etc. haha...
guess I shall stop here and look forward to more constructive inputs and discussion from you guys here! actually i started in this forum for a sole intention on biz purposes only yet nowadays its more of a personal discussion forum to me instead.
Pet