HappyHouse88

HDB shld never be a investment. It's affordable housing for residents of Singapore, PR & Citizen. Ppl working for the progress of the country. HDB shld not be rented out for profit as an investment at all.

What i am saying here is that NO RENTAL ALLOW for HDB. You buy , you stay. You dun want to stay, you sell. Then ppl will buy within their means and according to their needs. Dun have situation where PR buy 4-rm , rent out 2 rms, and ppl buy to rent out after 5 yrs. Making huge rental gain.

def not heresay.. cos' presently owning a flat , bought at 300k+ , now has valuation of 650k, could rent out easily at 3.5k. Even if my buyer buys at let say 700k, rental could fetch easily 3.5k per mth which is ard 6% rental yield. So much better than condo. Thus, this attempts PRs as well as Singaporean who has lots of cpf to buy and rent out eventually. At a rental yield of >6%, it's probably the best investment now esp, since they may not need to pay instalment using cash. Even with rental property tax, it still make this "investment" attractive. The government need to stop ppl from renting out their home, at least not whole house. Dont understand what you mean ? of course i can. i am just stating the problem and stating a possible solution to solve a national problem

HDB was supposed to provide affordable homes for people living in Singapore. Instead of renting, to own the place where they stay. And it shld go back to that. The primary reason for property prices to be high is because of low interest rate, high inflation and property appreciation over the last few yrs. The low entry cost of HDB flat have attracted both PR as well as wealthy Singaporean to use it as an investment tool by buying them to rent out. Rental yield is a whopping 15% in some units in the central. There were also people that bought flat and simply to wait out for it to appreciation. I heard of friends that never moved into their hdb flat and sold them 1 yr later when the MOP is up. When HDB first started, HDB are not be sublet! And I think it's time for us to do that again. HDB are meant for Singaporean , PR alike to have a comfortable place to stay and not to worry about mortagage as their CPF could easily afford. Singaporean who wishes to stay in private shld be made to sell their hdb. And they are suppose to stay in their HDB and not sublet for high rental yield. With no attractive rental yield, i believe that people (singaporean, PR) will start to pay realistic price for their hdb. HDB is suppose to be affordable housing! And seriously, one reason why Singapore has been able to stay competitive is that Singaporean has affordable housing and ,thus, less pressure for wages to go up like Hong Kong. MOP should be abolished, people shld be free to buy and sell when they need to. Especially for young family that may need to move because of childcare arrangement or aging parents shld be free to sell their house and move to place where it is more convenience or some cases cheaper. I hope that the new Minister will do something radical to the system.

I think this topic is quite old.. but I want to check.. Do i need to engage a lawyer to sell my hdb flat. I tot it's quite straight forward and hdb will ensure that all the $$ pass back to me.

Our valuation process consider the last transacted price. Buyer choses to ignore the lease factor in hdb because they were assuming that eventually it will enbloc and bring in profit. Thus, it's not the system that ignore the lease but the owner/buyer of hdb.

Why grumble ? You shld work to get what you want and not depend on the government.

Yeah.. actually, alot of the SER residents are there just to make $$. In any case, imagine they have new flats with a fresh 99yr lease. I think they need to realise they also need to pay for the top-up. In any case, they will be probably sells the new flats @ 100-200k profits after the MOP.

Let be realistic about these. The flats are old, the resale value of these flats will be close to nothing if there is no potential of enbloc. The very reason why ppl still buy these flats is hoping that it will enbloc and confirm tix to buy a new flat. Long has buyer use this way to get ard the ballot system. And often then not, bought over old flat at ridiculous price. Let's say this SER dont go thru, i think the residents will have more to lose as owners that bought in view of SER move out.

Sale by owner. PM me for more details if intersted. - Blk 75A Redhill Road - 4 rm (improved) - 100sqm - 5 yrs old , nicely renovated - aircon, storage heater installed. - high flr > #18 - next to redhill mrt but window facing away from mrt - corner unit - Away from rubbish chute - Valued at 650k Location - 3 mrt stops from raffles place - 3 bus stop to Orchard Road - Free shuttle to Plaza Singapura - Near Wet Market , Hawker Ctr

Last transaction of similar unit is 690K in Jan. >> Only 5 yrs old. Easily fetch more than your purchase in next Property upturn. >> Not forgetting good rental yield after 5 yrs. Easily 3k rent mthly.

Excellent Unit - Good size 100sqm - High floor - High ceiling - Good size bedrooms. All bedrooms can accommodate a king-size bed and more. - Unblock from all windows - Total privacy - Corner unit - Full-length window in the living room - All rooms are air-conditioned. - Storage heater ( replaced last yr ) - Piping concealed - Electric wiring concealed - Unit away from the rubbish chute A1 Renovation - Classy, Expensive Chandelier - Granite top for kitchen - Made in Itay -Stoves - Nicely renovated , with premium wallpapers - Cushion-wall for dinning area and cover for the storeroom - Marble-like tiles 600x600 for living room - Parquet-like tiles 600x600 for bedroom, great for young children. - Carefully planned lighting installed, example o brightly lit bathrooms o lit washing area for night washing o Warm light (Chandelier) for cozy atmosphere Amenity - Near Redhill Hawker Center - Near Redhill Wet Market - Free shuttle bus to Orchard ( Plaza Singapura) - 2 mins walk to Redhill MRT o Cakeshop o Dental Clinic o Hair Salon - 2 mrt stop to Tanjong Pagar , 3 stop to Raffles place. - Near the block ( next to the block or directly below the flat ) o 3 Clinics o 2 Coffeeshop o 7-11

Actually, to be fair. How many people u work in the office goes beyond what is req of them ? Or take the trouble to know and understand the latest change in their industry. To an agent he feels that he has done the job by just bring u ard , paper work . Prices u got to nego yourself with the seller. Afterall, seller also a potential return customer as much as u. Overall, Singaporean service level need to be improved. :/

Since the post is not helpful to TS . Decided to take down. But my impression does not change.

Sale by owner. PM me for more details if intersted. - Blk 75A Redhill Road - 4 rm (improved) - 100sqm - 5 yrs old , nicely renovated - aircon, storage heater installed. - high flr > #18 - next to redhill mrt but window facing away from mrt - corner unit - Away from rubbish chute - Asking for 760k non-nego. Location - 3 mrt stops from raffles place - 3 bus stop to Orchard Road - Free shuttle to Plaza Singapura - Near Wet Market , Hawker Ctr