Why are prices of HDB resale flats still not dropping that much ???

[Kubes.SG]

Kubes, I would  understand that you could not figure out that it was supposed to be "stronger". Only people with boderline and above IQ would know. Unfortunately you have an IQ of a retard. That is why with so many retards like you around, Singapore's future is bleak as you put it.

AS LONG AS THIRD RATE CLOWNS LIKES KUBES REMAIN IN SINGAPORE, WE WILL NEVER GET STRONGER. WE NEED RUBBISH LIKE KUBES WHO CONDEMNS SINGAPORE AND SEE VERY LITTLE FUTURE HERE AND YET SHAMELESSLY CONTINUE TO LIVE HERE, HEAD FOR CHANGI AIRPORT WITH A ONE WAY TICKET, BEFORE THINGS GET BETTER.

You guys may be half right.  Lets assume that all expats in Singapore are morons, losers and retards as you claim, if so it would also be true that we being here benefits both Singapore and our home countries, as it raises the IQ of both locations. 

[Vulcanl]

TTU,

I respect your opinion. 

Chav,

I am an expat and I live in HDB so obviously I care about that segment of the market.  You've just insulted 85% of the population of Singapore.  I think that is crass especially since you are a guest here.

Try to lighten up, we should all be helping each other not tearing others down.

[chaos theory]

Chav,

I am an expat and I live in HDB so obviously I care about that segment of the market.  You've just insulted 85% of the population of Singapore.  I think that is crass especially since you are a guest here.

Try to lighten up, we should all be helping each other not tearing others down.

Valcanl, Chav is right and 80% of the population should be insulted and they should do something about it. The Government should be tearing down these HDBs and replacing them with modern apartments.

In most developed countries only 5% of the housing stock is public. And yet the Govt allows enbloc to tear down perfectly good Condos to replace them with new shinny ones for profit.
What a waste of resource.

[To CT]

Chav,

I am an expat and I live in HDB so obviously I care about that segment of the market.  You've just insulted 85% of the population of Singapore.  I think that is crass especially since you are a guest here.

Try to lighten up, we should all be helping each other not tearing others down.

Valcanl, Chav is right and 80% of the population should be insulted and they should do something about it. The Government should be tearing down these HDBs and replacing them with modern apartments.

In most developed countries only 5% of the housing stock is public. And yet the Govt allows enbloc to tear down perfectly good Condos to replace them with new shinny ones for profit.
What a waste of resource.

You and your non-stop rubbish of tearing down HDB flats and replacing with modern apts. Go and live in a 5 yr old HDB apt first before you continue with this same old line.

[Puzzled]

Sunday Times today reported that resale HDB flats are going for no COV or even below valuation. Anybody can verify this? I'm just wondering if it is just a gimmick by agents to attract potential buyers?? Seems like prices of HDB resale flats will only go down.

[TTU]

The HDB will take some time to come down. Notice the BTO projects launched by the private developers, they have not been taken up. Especially the BTO in Bishan which is by a China developer. Heard they bidded a high price of 500psf for the plot of land. Hopefully thwy wont go bankrupt. If they do, the government is partly to be responsible to let these things go out of hand.

There will be more pressures for the price drops as the rental prices are coming down very sharply. There are a few enblocs bulding that are flooding the market with 50% rents. Looks like there are more and more developers trying to gapple with costs.
The person who can afforded to wait will be the biggest winner.

[Kubes.SG]

It would be really very interesting to understand the mindset and rationale of someone buying any type (HDB, mass, prime, commercial) of Singapore property for any use (investment, owner-occupancy) in 2009.      I guess we need transactions to happen so that decline can be measured.  :-)

[SGD Bear]

There are always idiots out there...you'd be surprised.

[Blaze]

It would be really very interesting to understand the mindset and rationale of someone buying any type (HDB, mass, prime, commercial) of Singapore property for any use (investment, owner-occupancy) in 2009.      I guess we need transactions to happen so that decline can be measured.  :-)

I've been kind of wondering that myself too. The recovery might start in 4 years according to Bill Gates in Davos yesterday, so is there someone who thinks prices would not decrease during that 4 years of downhill?

The only reason might be bying to get a place to live in, but even rents are collapsing now, so...

[chaos theory]

You guys may be half right.  Lets assume that all expats in Singapore are morons, losers and retards as you claim, if so it would also be true that we being here benefits both Singapore and our home countries, as it raises the IQ of both locations

Kubes this is GOLD! I thought I was in charge of the funnies. Touche, you win.

[Puzzled]

I've been kind of wondering that myself too. The recovery might start in 4 years according to Bill Gates in Davos yesterday, so is there someone who thinks prices would not decrease during that 4 years of downhill?

The only reason might be bying to get a place to live in, but even rents are collapsing now, so....

Cos if somebody were to aiming to stay in a HDB flat, it makes no sense to pay 20k rental a year for like 2-3 years, just to get a flat at the lowest price possible. It's simply isn't good economically sense.

[Puzzled]

I would like some advices with regards to HDB flats.


1) With the incoming projects of the many new MRT stations all over the island (even bukit timah from 2015), we could be very well connected in terms of transport infrastructure, like Tokyo. When that happens, would the prices of the prime located flats (tiong bahru, bishan, tpy) devalued?

2) Is it worth to pay an extra 10percent for a flat, to be very near to the amenities like mall, mrt, etc, as compared to getting somewhere which a 10 mins bus ride is needed for such amenities?

3) How does valuation of HDB flats come about?

[Vulcanl]

Update regarding HDB prices in my block: There has been another transaction this month.  The price was .4% higher than the one back in December 2008 that I had previously posted about.

So relative to what I paid for my flat in the spring of 2007 (which includes the txn costs as well as cost of the full renovation we did), I am up 8% as of right now.

[who cares]

you bore me

[Vulcanl]

who cares,

You are free to ignore my posts. Please be aware that I will continue updating this thread for the benefit of others who are interested in obtaining indications of the health of the HDB market.