SG Talk

"Today, the BTO system is both similar and different to the Booking System of 1989 in some respects, but one fact is dramatically different. The BTO system today does not promise flats for buyers in two and a half years.

Of course, the downside of this pre-BTO model which ensured an ample supply of flats, is that in the event of a black swan episode like the Asian Financial Crisis, there may well be an excess stock of flats which take time to clear. But in that worst case scenario, new accessibility options can be considered.

For example, HDB would be able to offer excess flats towards schemes like the Parenthood Provisional Housing Scheme (PPHS) which is oversubscribed even today. Other options include expanding rental options for low-income households which host large families to flat types that can be up to 3-room or even 4-room in size.

I acknowledge the reply given by Minister Desmond Lee to Sengkang GRC MP Louis Chua Kheng Wee by way of parliamentary question that since 2018, the HDB has offered close to 11,000 BTO flats with Shorter Waiting Times (SWT) of less than three years.

However, as the Minister revealed, for the 23,184 flats launched in 2022, only 8% are shorter wait BTO flats. The Minister’s new commitment as announced yesterday to increase this by 2000 to 3000 flats will not move the 2022 figure of 8% in a significant way.

How is it that HDB could build high quality flats at a much faster rate decades ago compared to today even after the introduction of productivity measures such as prefabrication technology. Can the Minister make a commitment to bring accessibility to commitments made in 1989?"

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Every system will have flaws, big or small, we need to maintain it every time, just that PAP gov always dun like to acknowledge it, thinking that the system is always good forever.

I signed for a BTO 2 years ago.   

There is no substantive work done yet.  

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Pritam' speech makes LMW's speech sound like a junior college year one student speaking. 

(09-02-2023, 10:09 AM)webinarian Wrote: [ -> ]I signed for a BTO 2 years ago.   

There is no substantive work done yet.  

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Behind the keyboard, anybody can claim anything.

You are doing just that.

All we know is that you are a retiree in your early 60s, and we all wonder what BTO you are talking about, or rather trying to BS about....

(09-02-2023, 10:07 AM)ODA TETSURO Wrote: [ -> ]Every system will have flaws, big or small, we need to maintain it every time, just that PAP gov always dun like to acknowledge it, thinking that the system is always good forever.

the main problem with PAP is that there is no accountability for outcome.
if things goes wrong, there is no compensation or accountability.

in private sector, there will be compensation or someone will get fired.

for example, you can sue the company if the private apartment is delayed.

can you sue HDB for compensation if your flat is delayed ?

i think hdb is over concerned with over supply. that is why they stop building enough to meet demand. forcing requirements to go to resale. hdb flat is only few benefits of being singaporean, hdb should not take easy way out of limiting supply. that drive up cost a lot. making a lot of money earn in life time going into property.
the wait for bto is rediculous. they took easy way out of building only when there is order rather then build first half way then sell. everyhting make it easy for themselves as a solutions. need to change their thinking mind that hdb is to serve the people not make thing easy for themselves.

build as demand requires. buy back resale then lease to foreigner, rebuild as when needed.

the cost is that of rebuilding, part of material can be recovered and used.

also old building build in the 60s, 70s, even 80s are outdated in today requirements. demolished and rebuild to keep hdb in a good living conditions. upgrade can only help 1 time at 20-25 years when lift need to be upgraded.