We all like to accuse the govt of being heartless problem causing etc. But let's look at the issue objectively.
1. These 4 room flat kena SERS are 43yo flats with 56yrs compensated at $450K.
2 The new flats are $550+K...Market value as AMK is a good location.
3. The price gap is due to the difference in lease which is 99yrs for the new flats vs 56yrs left for old flats
4. It's a very good deal for those who can afford to top up ...as for 100K they turn their old flats into fresh lease. Those old flats with less than 60yrs left normally very hard to sell as buyer cannot get loan.
5. For those who cannot afford.... they can sell to a buyer and there are many who want a new flat through SERS. They can use the proceeds to buy the same type of old flat near by ...they can make a profit as their old flat will fetch a higher price boosted by SERS
To do a 1 old for 1 new change of flat is not fair as taxpayers will be losing 100+K ....and giving away free lease extensions and disproportionate amounts of money...
(12-06-2022, 03:58 PM)sgbuffett Wrote: [ -> ]We all like to accuse the govt of being heartless problem causing etc. But let's look at the issue objectively.
1. These 4 room flat kena SERS are 43yo flats with 56yrs compensated at $450K.
2 The new flats are $550+K...Market value as AMK is a good location.
3. The price gap is due to the difference in lease which is 99yrs.
4. It's a very good deal for those who can afford to top up ...as for 100K they turn their kid flats into fresh lease. Those old flats with less than 60yrs left normally very hard to sell as buyer cannot get loan.
5. For those who cannot afford they can sell to a buyer and there are many who want a new flat through SERS and buy the same type of old flat near by ...they can make a profit as their flat will fetch a higher price.
To do a 1 old for 1 new change of flat is not fair as taxpayers will be losing 100+K ....and giving away free lease extensions and disproportionate amounts of money...
This is why You listen TOO MUCH Crap SO CALL local Guru come CPF blah blah
I Use One sentence summary all your crap comments
END OF THE DAY GOVT WILL HELP
No doubt this current PAP is super greedy etc , some policy , the way they do thing is really......
BUT END OF THE DAY GOVT WIL HELP
WHY SIMPLE , IS ALL ABOUT VOTES, GE , IMAGE the so call " trust on Govt since you vote for them "
Talk so much financial stuff , must well you do Youtube video like Loo, Kelvin , what Josh you always watch
I give you face I watch your video so you can earn from Youtube.
(12-06-2022, 03:58 PM)sgbuffett Wrote: [ -> ]We all like to accuse the govt of being heartless problem causing etc. But let's look at the issue objectively.
1. These 4 room flat kena SERS are 43yo flats with 56yrs compensated at $450K.
2 The new flats are $550+K...Market value as AMK is a good location.
3. The price gap is due to the difference in lease which is 99yrs for the new flats vs 56yrs left for old flats
4. It's a very good deal for those who can afford to top up ...as for 100K they turn their old flats into fresh lease. Those old flats with less than 60yrs left normally very hard to sell as buyer cannot get loan.
5. For those who cannot afford.... they can sell to a buyer and there are many who want a new flat through SERS. They can use the proceeds to buy the same type of old flat near by ...they can make a profit as their old flat will fetch a higher price boosted by SERS
To do a 1 old for 1 new change of flat is not fair as taxpayers will be losing 100+K ....and giving away free lease extensions and disproportionate amounts of money...
this is forced en-bloc.
you expect the couple to live another 99 years?
This will force many to downgrade
99 years lease property managed by monopoly ponzi scheme
(12-06-2022, 04:09 PM)Lukongsimi Wrote: [ -> ]This will force many to downgrade
Song Boh!
They voted for this. Dont complain.
This greedy team is out of touch.
I believe once the lease has ended… Many Laokokoks will sleep on the street.
(12-06-2022, 06:27 PM)RiseofAsia Wrote: [ -> ]Song Boh!
They voted for this. Dont complain.
This greedy team is out of touch.
I believe once the lease has ended… Many Laokokoks will sleep on the street.
Partly PAP also not stupid come GE is the matters of getting votes.
- they will just extend the lease for HDB flat reach 99 . I doubt any more land to build new BTO flats to replace existing old HDB flats, just see yourself already quite compact in Old estate on top also got New BTO flats
OR by that time they again demolish somewhere the buildings build and build .
(12-06-2022, 07:00 PM)[[ForeverAlone]] Wrote: [ -> ]Partly PAP also not stupid come GE is the matters of getting votes.
- they will just extend the lease for HDB flat reach 99 . I doubt any more land to build new BTO flats to replace existing old HDB flats, just see yourself already quite compact in Old estate on top also got New BTO flats
OR by that time they again demolish somewhere the buildings build and build .
If No more land they can extend on top of old flats
(12-06-2022, 04:04 PM)Klesk Wrote: [ -> ]this is forced en-bloc.
you expect the couple to live another 99 years?
HDB should allow the couple to buy new BTO with shorter lease.
e.g, new 4 room BTO with only 50 year lease at half the price.
then they will have at least $200,000 in the bank as a result of SERS.
..
Elderly can try crowdfunding..
Otherwise be beggar's
(12-06-2022, 03:58 PM)sgbuffett Wrote: [ -> ]We all like to accuse the govt of being heartless problem causing etc. But let's look at the issue objectively.
Such a good deal still kpkb
Don't want
just sell to market.
[quote pid="276797" dateline="1655020735"]
1. These 4 room flat kena SERS are 43yo flats with 56yrs compensated at $450K.
2 The new flats are $550+K...Market value as AMK is a good location.
3. The price gap is due to the difference in lease which is 99yrs for the new flats vs 56yrs left for old flats
4. It's a very good deal for those who can afford to top up ...as for 100K they turn their old flats into fresh lease. Those old flats with less than 60yrs left normally very hard to sell as buyer cannot get loan.
5. For those who cannot afford.... they can sell to a buyer and there are many who want a new flat through SERS. They can use the proceeds to buy the same type of old flat near by ...they can make a profit as their old flat will fetch a higher price boosted by SERS
To do a 1 old for 1 new change of flat is not fair as taxpayers will be losing 100+K ....and giving away free lease extensions and disproportionate amounts of money...
[/quote]
Pay $100K more for a smaller space unit. Is it worth it?
Maybe and maybe not.
For those who recently bought one and renovated it like a private unit will lose money big time.
They must be some other deals or options available for the elderly. The Stirrers should turn to helpers to get the best deal for the elderly
Singapore so rich
Govt can pay $100k on behalf
(13-06-2022, 12:55 PM)Scythian Wrote: [ -> ]Singapore so rich
Govt can pay $100k on behalf
Aussie gov should pay more to compensate for Christmas Islands!
(13-06-2022, 11:14 AM)Stoki Wrote: [ -> ]Pay $100K more for a smaller space unit. Is it worth it?
Maybe and maybe not.
For those who recently bought one and renovated it like a private unit will lose money big time.
correct
you got a point there
the unit become smaller yet sooooo expensive
it is the PAP force Singaporean to hdb unit from kampong
now they manipulate the hdb lease and unit by their ponzi scheme