12,583 applied for 2,670 BTO flats...

[louisoh]

I didnt apply this time round.. cox too ex.. out of budget..

Anyway.. 12,583 applied for 2,670 BTO flats... tot Mr Marlboro said 80% success rate?






Mon, Dec 28, 2009
AsiaOne

12,583 applied for 2,670 BTO flats

As of 2 pm today, the Housing Development Board (HDB) received a total of 12,583 applications for four recently launched Build-To-Order (BTO) projects.

The four projects, Montreal Dale in Sembawang, Segar Grove in Bukit Panjang, SkyVille@Dawson and SkyTerrace@Dawson in Queenstown, were launched on Dec 15.

Montreal Dale received 1,377 applications for 424 flats, Segar Grove received 1,341 applications for 528 flats, and Skyville @Dawson and SkyTerrace @ Dawson together received 9,865 applications for 1,718 flats.

About 70 per cent of the applicants are first-time flat buyers. The rest have bought subsidised flats in the past. Ninety-five per cent of the flats will be set aside for first-timers.

There has been strong interest in the two Dawson projects, given their choice location.

Buyers who are unsuccessful in getting flats in this BTO exercise may wish to know that the next BTO launch will be held on Jan 5 next year when buyers can look forward to another 1,300 BTO flats in Choa Chu Kang and Hougang.

HDB will continue to launch more BTO projects in 2010 if there is sustained demand for new flats.

[Frogmen]

Does the men in the street have any choice? Since 80% of the land are state owned vs 20% private land? While in HK 20% land belongs to the state and rest private. Whether the prices of HDB is justified able or realistic. You decide for yourself.

[wind128]

Time to seriously invest in property for the next 10 years. Looks like more growth ahead when the IRs open fully and economy recovers totally.

A four room flat may costs $450,000 now but will appreciate to $600,000 within the next 10years and it is a healthy yield considering that you can either live in it or rent it out partially for side income.

The garmen is fulfilling its promise to ensure continous asset appreciation for home-owners. As a current home owner, I certainly would not want to see my own home investment depreciate in value.

[feilong108]

have to take in the factor on what kind of house u can buy in 10yrs time with 600k...a 2 room flat mayb?

[pet]

owe much of spore success to sg gov/ pap

but current hdb pricing and policy.. super super jia lark... prices hv more thn double in 10 yrs... 20 to 40% more in less thn 3yrs...

worst, building less units... smaller units, and all price high.... tis is jst bad.. . u hear all those street tok, u know leow....for those already own a unit, good loh, for those who is looking for 1, jia lark loh...

my frd bought a 4rm abt 3 yrs ago (lucky, ballot kanna ) at queenstown ( mrt a min walk ) ... at 300k, 20+ floor.

now the current bto 4rm, i think 20+ flr likely looking at ard 500k.

200k more.. tht means poor buyer got to fork out 200k more, or take 200k extra loan... really jia lark. . . if tis continue . . alot alot alot of unhappy folks...

[exxondus]

Marlboro tan on ytd news when interviewed abt this set of news say he very shocked...

wonder he is shocked of how he got his 80% chance for first tier, or for the prices of Dawson?

You mean he first time then know of this meh? weird...

[pet]

Marlboro tan on ytd news when interviewed abt this set of news say he very shocked...

wonder he is shocked of how he got his 80% chance for first tier, or for the prices of Dawson?

You mean he first time then know of this meh? weird...

i do feel for home seeker...

dunno paper any how quote or hdb any how say... hahahhaa

anyway, hdb say they gonna build like 12 to 15k units a yr.... wow., so little supply...also price keep up & up...

my cousin & his gf applied for dawson 5rm... i think the main reason is panic, either scare low supply and/ or price gonna go up further..... i keep quiet, scare give wrong advise

but really feel for them... considering .. they are both less thn 30, not married yet, cousin still on scholarship - phd, abt 3k allowance; gf 3k/ mth.
both less thn 28, jst grad for abt a yr plus, cousin continue phd..no savings... i calculate for them, if they take max loan for 30yrs... abt 2400/ mth... .. combine income of abt 6k and possiblity of future pay raise etc, still gonna xiong for the 1st 3 - 5 yrs... considering other expenses like repay student loan, reno etc .. least both graduate, still better off thn many tht's not .... i think it will be quite a few cases tht ppl are fully stretch..yet still buy on panic

[exxondus]

actually 6k per month combined at their age is really quite ok leh...(not joking hor)

my first job don even pay me close to 3k that time.

but hor, buy dawson will def be a bit straining on them tho

[Fred_Tan]

Marlboro sux

I didnt apply this time round.. cox too ex.. out of budget..

Anyway.. 12,583 applied for 2,670 BTO flats... tot Mr Marlboro said 80% success rate?






Mon, Dec 28, 2009
AsiaOne

12,583 applied for 2,670 BTO flats

As of 2 pm today, the Housing Development Board (HDB) received a total of 12,583 applications for four recently launched Build-To-Order (BTO) projects.

The four projects, Montreal Dale in Sembawang, Segar Grove in Bukit Panjang, SkyVille@Dawson and SkyTerrace@Dawson in Queenstown, were launched on Dec 15.

Montreal Dale received 1,377 applications for 424 flats, Segar Grove received 1,341 applications for 528 flats, and Skyville @Dawson and SkyTerrace @ Dawson together received 9,865 applications for 1,718 flats.

About 70 per cent of the applicants are first-time flat buyers. The rest have bought subsidised flats in the past. Ninety-five per cent of the flats will be set aside for first-timers.

There has been strong interest in the two Dawson projects, given their choice location.

Buyers who are unsuccessful in getting flats in this BTO exercise may wish to know that the next BTO launch will be held on Jan 5 next year when buyers can look forward to another 1,300 BTO flats in Choa Chu Kang and Hougang.

HDB will continue to launch more BTO projects in 2010 if there is sustained demand for new flats.

I dunno how Marlboro get 80% but maybe he was referring to PR or new citizen...I heard they get special treatment at HDB for resale or new flats...
Maybe we are not hard-driving enough.
Time to look for greener pasture overseas.

[Fred_Tan]

Election coming liao

owe much of spore success to sg gov/ pap

but current hdb pricing and policy.. super super jia lark... prices hv more thn double in 10 yrs... 20 to 40% more in less thn 3yrs...

worst, building less units... smaller units, and all price high.... tis is jst bad.. . u hear all those street tok, u know leow....for those already own a unit, good loh, for those who is looking for 1, jia lark loh...

my frd bought a 4rm abt 3 yrs ago (lucky, ballot kanna ) at queenstown ( mrt a min walk ) ... at 300k, 20+ floor.

now the current bto 4rm, i think 20+ flr likely looking at ard 500k.

200k more.. tht means poor buyer got to fork out 200k more, or take 200k extra loan... really jia lark. . . if tis continue . . alot alot alot of unhappy folks...

Time to switch from Marlboro to Mild7

[Fred_Tan]

Recipe for disaster

actually 6k per month combined at their age is really quite ok leh...(not joking hor)

my first job don even pay me close to 3k that time.

but hor, buy dawson will def be a bit straining on them tho

They will take huge amount of loans.
I think maybe 1st 10 yrs, they pay no capital and bcome bank's or HDB slave

[Fred_Tan]

Does the men in the street have any choice? Since 80% of the land are state owned vs 20% private land? While in HK 20% land belongs to the state and rest private. Whether the prices of HDB is justified able or realistic. You decide for yourself.

Definitely not justified...how can public housing price be pegged to private?
Public housing is public housing in all countries.
In Japan, HK, Korea, Taiwan & Malaysia, public housing is 10 - 40% of private housing price with similar location & floor space.
And their public housing cannot be sold in open mart.
They can only sell in back to gov.

I can't say the same for Spore.
Time to change brand liao

[teo]

Demand is high and supply is low so high price not surprising. A 4 room HDB may reach $1m in the future. Those who can not afford to buy got to rent in future.

[teo]

i do feel for home seeker...

dunno paper any how quote or hdb any how say... hahahhaa

anyway, hdb say they gonna build like 12 to 15k units a yr.... wow., so little supply...also price keep up & up...

my cousin & his gf applied for dawson 5rm... i think the main reason is panic, either scare low supply and/ or price gonna go up further..... i keep quiet, scare give wrong advise

but really feel for them... considering .. they are both less thn 30, not married yet, cousin still on scholarship - phd, abt 3k allowance; gf 3k/ mth.
both less thn 28, jst grad for abt a yr plus, cousin continue phd..no savings... i calculate for them, if they take max loan for 30yrs... abt 2400/ mth... .. combine income of abt 6k and possiblity of future pay raise etc, still gonna xiong for the 1st 3 - 5 yrs... considering other expenses like repay student loan, reno etc .. least both graduate, still better off thn many tht's not .... i think it will be quite a few cases tht ppl are fully stretch..yet still buy on panic

They will be glad latter that they buy early. They are smart to buy early. Price will keep rasing.

[Fred_Tan]

Pay-and-Pay will need pay for this

This Pay-and-Pay gov was elected on promise of affordable & clean housing ...

This they had failed terribly in 1988, 1996 & again 2006 as price of resale HDB rose without any control mechanism & is now almost the same as private housing price of similar location, size and floor.

They made the mistake of locking up land sale in 1985, 1995 & again 2006 to cause the run up of housing & office rent/prices for a few years thereafter.

The Pay-and-Pay govt oso encourages huge number of immigrants since 1980s by giving out Citizenship & PR. These partial & full citizenship were doled up at record numbers for the sake of economic growth between 2006, 2007, 2008 and even this year to make housing demand situation even worst.

Recently even uneducated parents & spouses of this new citizen & PR are able to acquire our blue & pink IC to share our subsidized health benefits on us the tax payers without any regard or control mechanism.

As a result, many of our young, lowly paid, upstart new couples had to resort to expensive resale flats in central location when they fight it out with these new citizen or some say half-citizens.
Not many ppl working in town can afford to take 2 hours bus & MRT ride everyday by waking up at 5am as ppl have school/nursery/kindergarden going children to tend to.

The situation become complicated when buyer sells high, only to buy other property at high price.
And this had caused the chain reaction that we saw since 2007 where both private & public housing has hit multiple peak due to downgrader & upgrader buy-in & out.
Upgrader & downgraders are trapped in this vicious cycle.
There's no escape unless u wanna move outta Singapore or move into ur parents or relatives' home.
Many household regardless of age who earns less than SGD3k per mth are even more trapped.
So what if someone bought a Marina Parade for S$60k 20 year ago & it's now worth S$929k?
He can't sell, can he? If he sell, where you want him to buy that's cheap?

This is the 3rd time in Spore short history that we have this asset bubble & all of em were caused by immigrants boom & shortage of land bank release.

The resale HDB and private housing escalating price only benefit lawyers who earn higher legal fees on S&P agreement & loan agreement.

It benefit no buyer and totally put seller off as seller will oso bcome buyer naturally at the same time..it's e zero sum equation...such is the recipe for bubble collapse if it drag for a long time.

We saw asset-lead price collapse after 1988 - 1991 & 1997 till 2005.
I think we will a more severe collapse soon when no seller is willing to sell for fear of buying high & no buyer is willing to sell 1st in order to buy.
Not mention new couples who have no $ to buy at all & nothing to sell.

The very crux of the problem is ppl who make this decision have never used public transport nor stayed in a far flung HDB flats where bus only come every hour.
These ppl were driven to school by chauffer & stayed in Holland & Bukit Timah landed properties where everything is a stone's throw away.

Unlike bigger countries like Malaysia, Thailand, China, Indonesia, Taiwan, Korea & Japan, where their lucky citizens can move to cheaper areas if job or business opportunity if of no concern, we can't afford this option in Singapore as we're not big like them to have cheaper areas.

Moving from our parents' Toa Payoh/Bishan/Red Hill/BukitMerah/AMK/Marina Parade flats to your new Jurong, Punggol, Seng Kang & Tampines flat is not a decision we can make easily because our transportation system is just too crowded & slow.

Solution: Vote Pay-n-Pay out or at the very least, make them lose badly like the Malaysian March 2008 Tsunami...or we move outta Singapore to bigger countries if job & business opportunity are avail & off no concern.

For those without the skill & qualification and the $ to migrate, they are stuck is this cycle of quagmire.
I pity all those household who earn meagre income of less than S$3k per mth.
I shudder to think how they can survive now & in future when they have childrens education, parents' medicare & hospice care and for their retirement.
They have no where to hide or run but to bear the brunt of this ruthless cycle.
All they can hope is they will stay healthy for long enough and pray that they are employed long enough and are able to find employment should they lose it & try to work as long as possible.....
That's why in Singapore we have old folks still working to make ends meet till their 60s & even 80s.
Our retirement age is not 50, 55, 62, 67 or 72 no more.
It's 85 & may go up.

Such a gov that can make statement that we are picky, choosy and everything is still affordable. They also have the gut to say we are not hard-driving & they tend to luv PRC & Indian nationals more due to votes.

These silver-spooned politicians who knew no hardship should be given a good thrashing come next year's election.

Couple with the fact that these highly paid politicians are asking 100,000 of our unemployed citizen, most of em whom are above 40 years old & some are in their 70s to work as toilet cleaner, chambermaid, security guard, taxi driver, lorry driver, construction worker, delivery boy, waiter, gardener, valet, front desk officer, porter & laundrette operator in their swanky casinos, these politicians have forgotten their responsibility & roles to us.

These ppl have forgotten that the 100,000 lowly paid workers in the casino if they were ever made up of Singaporeans and even PRs, will not be able to pay for a S$700k HDB, S$20k ARF & S$20k COE.
No income tax revenue will come from these 100,000 workers as they will not be able to earn more than S$26k per year to be liable.

These 100,000 workers will not be able to pay S$4mil for our president, S$2mil for our ministers & S$400k for our MPs...
At the end of the day, we lose, they lose.
We die, they die.
I hope they realized that now & not take 30 years to realized this like our bi-lingual policy.

9 days or 10 days of campaigning should be of no concern as we are all aware of the education, job, economy, housing & healthcare issues with or without campaigning.

I guess if Mr Chiam is healthy enough, he & his wife Lina should contest in Toa Payoh & Bishan GRC. Mr Lau should consider Punggol GRC.
Sylvia should contest Aljunied GRC again as I think her team will win. They were close last time with >40% votes.

The young team that got almost 40% votes in AMK GRC should oso contest again against the scion's son as I think they make cause a major upset.
If the junior lose a GRC, the old man will have no choice but to remove him a the head of cabinet & this may or may not end Pay-n-Pay.

But, at the very least even if opposition is too fragmented or too slim to form a gov, it will send a clear message to the ruler up there that the mandate from heaven has been pulled from his feet & it's time for him to consider what he'll say should the gate of hell opens up for him in few years time.
Again, he's atheist.

No 120k new citizens from Msia, India & China will be able to fight the 764,000 pure Singapore born, blooded & breed voters if every GRC & SMC are contested......we can change.

YES, WE CAN CHANGE and chose a gov for us by us.