Expensive HDB Flats Buyers Will Surely Lose $$Money!

Mr Loo thinks that the Singapore Property Markets are showing signs of being overheated.
Singapore Property has been on a bull run for the past 30 years, and has only accelerated due to Covid. Last time that we spoke, Dragon Tan was slightly optimistic about the future direction of the Property. Now, he comes to us with new information on the rental side of the house, and it does not seem good with the recent developments on the high cost of living in Singapore. How will this impact the future of the Property Market?
Find out with Mr Loo in today's video!
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Disclaimer: loo.money/disclaimer
[phone] Dragon Tan (Do not contact Mr Loo for Real Estate Services)
Helping Ordinary People lead Extraordinary Lives

[@stephenwang9567]

Look at China first tier cities/,,Hong kong/ Australia/Europen n US. Huge drop in prices 40% n more. Sg created biggest property bubble must burst. Bear the consequences.

[@leetk7643]

I think the million hdb buyers mostly middle class who owned their private during their middle age and downgrade to hdb after retired. To them, prestige to live private is no longer important but a comfortable life style with cash on hand to spend is the priority in life. Do not underestimate the population of this group. They are from the baby boom era.

[@alanlee2703]

Hdb price fall? dream on. Just like COE will fall? Dream on.

[@zhenxiong5389]

I find the title very click baity and misleading. A similar example will be “people who exercises a lot will definitely die.” Then the video says everyone is going to die in the long term, eventually. Obviously people who buy expensive HDB they may sell their house in 5 years time for a profit ( or not) they need not hold till lease end. Very poor title. And disappointing.

[@lightaiyee]

@lightaiyee 9 hours ago Using Loo's argument about losing money because of limited lease, EVERYONE will surely lose money, not just expensive HDB flat buyers. Click-bait title

[@tanhansing]

I think what many people don’t know is, a leasehold lessee is required by law to return the property back to its owner at the end of the lease, bare. Meaning, the land. In this case, the entire block of residents have to pay for the demolition, reinstatement costs, whatsoever. Yes, the government may offer you new, discounted projects before the lease ends but it will never be free. What’s next then? I feel flat owners have to ask yourselves if you would buy a 50yo property for $1M. 60yo, 70yo. Still yes?

[@steventay5834]

No lah. No need to pay for demolition costs

[@tanhansing]

@@steventay5834 According to the law it's the lessee's responsibility. Check it out. He or she will pay, in one way or the other.

[@tianchoree]

Very misleading , I used to own resale Hdb and sold it for profit .

[@yongshankoh7344]

what you dont want to see is already happening. the gov bases BTO prices on the resale prices in the area. so if its 0.9 million, probably a 250k discount. new BTO will go for 650k.

[@limliza992]

Rich ppl sold private property to buy high rise prime area HDB and renovate to make it posh for their own enjoyment. They most likely to stay for the rest of their life, unlikely to outlive the remaining leasehold.

[@lohdanwee474]

HDB used to be lagging behind private property for at least 10 years. Why ? Because for many years, HDB mortgage rate were higher than commercial private mortgage rate of below 1.6% ! In addition, we have cunning property agents who sell the idea that HDB eventually will have ZERO value driving HDB owners to upgrade to private. All these happens before Covid pandemic. Today, HDB mortgage rate still remains at 2.6%. What about commercial private mortgage rate ? 3.6% ? So, the affordabiloty has shifted to favour HDB. So the rise in HDB resale is only doing the catch up game in reflection of market reality until private properties soften to a more realistic level !!! These are market dynamic realities....

[@PeterLeo-m6w]

@@lohdanwee474 Agree

[@PeterLeo-m6w]

@@lohdanwee474 Agree

[@EventH]

Even a 800k 60-lease HDB 4rm work out to 1,111k 'rental' per month average for the rest of its iife. Still pretty affordable especially for condo downgraders. For people who are afraid that the value fall to zero, can still 'lock in' the gains before the HDB hit the 50year mark and get a 2rm BTO from HDB as a semi-retiree (and enjoy the numerous rebates staying in smaller HDBs)

[@coclim5712]

Demand and supply. Buyers are not stupid either. No need to forecast such stuff … dun mislead people … everyone knows the risks involved …

[@goodday6838]

House prices go in line with economy like inflation. even though it's public housing prices going up is a normal trend.. we dun see daily food ingredients prices going down right..they just keep going up...everything is getting more n more expensive..I dun understand why everyone so surprise public housing prices going up.. its normal.. 20 yrs ago hdb prices at 100k for 4 rm .. mixed vege rice at 2.50 bucks 20 yrs ago..but u can't get such prices now

[@nutrats]

So true

[@stephenwang9567]

Stupidity. Fake prices but little offer. Good PR exercises but unrealistic. Only sellers get the truth by putting their HDB flat in the market. Only a miserable fraction sold at low prices

[@chrislek4651]

Lease decay apply to both hdb as well as 99 years leasehold condo (and also to 999 years property btw) so whats the difference that warrants the view that only hdb resale buyers are going in blindly? Also what is the percentage of hdb flats that are actually selling at 1m and above vs all hdb resale units available. If one hopes to profit in future from selling their bto, then what warrants the concern that prices are too high bearing in mind that both views are already contradictory? One cannot have it both ways. Sell high means buy also high and vice versa.

[@DettolChap]

totally agree... bala curve applies to condo with 99 leasehold too.. also.. wanted to add - i believe it will only be fair if the selective enbloc occurrence for resale hdb and 99 leasehold condos has the chances across.. to be fair..

[@contrarian2496]

Since Bala curve also applies to leasehold condo that means the losses of such condo would be even greater than HDB, simply due to the higher quantum of condo, if the leasehold condo costs $3M then it's worth $0 at the end of its lease, thereby an absolute loss of $3M.

[@limliza992]

Inflation ... $1 million will be a norm.

[@chinchowpowpook]

1 mil means very low n slow,,government will act on it to ensure it goes up further

[@klearpicture]

I think buying power of SGD$ has plummeted rather than property prices rising.

[@ahmengng4396]

Gov shu intr heavy Cooling measure....let the price drops... Wil b happy for all buyers to pay so high

[@CedricHo-zn5cv]

We are 59 years into nation building and have not reach 99. Imagine tearing down the clusters of flats in Bukit Ho Swee, TPY and driving old people out. Therefore 4G minister will keep quiet as it is not their problem now and remain vague on HDB and pass on this problem to the next, next mother's son or daughter minister to handle. In the meantime, it will only go up and up.

[@NinJa-qr1sp]

As long as govt allows HDB to be used as an investment tool, this issue will prevail. Stop allowing flats to be rented out and stop allowing pte property owners to keep their flats. This should have been the policy from the get go. And seriously no subsidies should be given unless owner commit to long term stay (15-20 years and above). What nonsense 5 / 10 years MOP crap.

[@kennytan5089]

If it's HDB, prices will still go up for next 20/30 years as Singapore is one of safest place after Swiss. And as long as we're still bringing record number of new immigrants, demand for homes will always be there.

[@PeterLeo-m6w]

@@kennytan5089 Agree

[@lennarostaldt9573]

Yup, that's true. For the prices to go down, singapore has to have big companies leaving & a lot of good people too. Thus causing a brain drain, like some neighboring states ard the small red dot. Too many countries ard the world going crazy, making ppl leave for safer pastures.

[@ds68889]

I hope people leave Singapore and don’t make this place so cramp. Hope more Malaysians stay in JB when RTS open. Need the resale flat to be affordable, not 1m

[@jcsan8071]

i think hdb will never goes to zero. Majority would need gov help and support to move to a new 99 year. Although not confirm, i am very positive this will not happen. Image hdb owner lose all their life saving on their home which is not meant for investment. Mr Loo, have you forgotten when the home drop to last 40 years, Lawrence has mention there will be a votes for residents to choose if they need to get a new home or live there till end of life. These election voters are huge influence which our government will not ignore.

[@steventay5834]

At the end of 99 years, it will go to zero

[@PeterLeo-m6w]

@@jcsan8071 Agree

[@contrarian2496]

More than 80% of population stays in HDB, obviously the govt cannot allow 80% of population to become homeless, this is why most HDB will get redeveloped before they reached 99 years. For example, majority of Marine Parade HDB are 40+ years old and majority of Bishan HDB are 30+ years old, imagine the whole town becoming homeless in 6 to 7 decades from now. If that happens, guaranteed the votes in those GRC constituencies will be gone to opposition.

[@steventay5834]

@@contrarian2496 I think redevelopment is for other purposes. E.g. they want to maximize land use. And they want a mix of old and new HDB flats in a given estate.

[@PeterLeo-m6w]

@@contrarian2496 Agree

[@melvinlim88]

This apply to 99 condo too.

[@stevenyip2631]

Good job, Mr Loo. Hope your video would wake up some of those would be buyers of million-dollar resale HDB flats, particularly those with short lease left.

[@davidhoyh]

Min 7:45. Respectfully disagree that recycling of land for future generation? What future generation with 0.97 fertility rate. If you give another 99 year lease top up to every Singaporean - it's really another great wealth redistribution. People dies, and future generation can at least inherit HDB . Thank you for the KKK asset definition, will use. We feel syiok until the kids come and borrow money for the downpayment.

[@allantankl]

Won’t fall much because the condo downgraders are buying dips

[@1m65]

You missed the point…. The lease will go to 0, making the HDB value zero ultimately

[@allantankl]

@@1m65 But it applies to all 99 leaseholds including condos. People have nowhere to run unless the developers build so fast to replenish supplies.

[@steventay5834]

My HDB flat was sold for $125k 30 years ago. Today, the market price is $600k

[@lollipolli73]

Safest place to stay and live longer because less stress, is HDB. 1. You don’t stress about your work, because no one will reposes your house. You take it easy and achieve even better. 2. You don’t stress about your busybody neighbours. Nobody bother to complain about you and yet they are quite friendly. 3. You don’t stress about maintenance of the building and its area, it’s cared by the Gov. 4. Just pay the cleaners some token, they can even help you dispose your bulky items. 5. Leaking issues and repainting, done by Gov. You do not need to worry whether there is enough budget or not. 6. Common area issues, it is always taken care of fast. Being in Property & Facilities mgmt for 18 years, private property dwellers are actually quite a messy bunch of people with no sense of life, work balance security and being busybody, like Jack of All Trades with no direction, not all but many of them.

[@PeterLeo-m6w]

Agree on poin 1 to 6, HBD is The Best in the world, simply The Best, always repainting every 5 yrs, change roof top water tank oso FOC, where to get in the world!

[@ricohflex777]

Agree. HDB bothers to build new lift shafts and provide lifts to low rise old buildings that did not have them. Also add lift shafts to existing old high rise blocks. Almost Free Of Charge. Because population was growing old. The old folks cannot climb many storeys of stairs easily. Only Singapore does this. Hong Kong will never do this for their people.

[@byebyefiat]

boomer spotted

[@contrarian2496]

The biggest losers are those leasehold condo, because it's more overpriced than HDB. Also, condo maintenance fees cost at least $5K a year that means if people stay in condo for 10 years they would have loss $50K just on maintenance fees.

[@chinchowpowpook]

Come to old age ,.human n Hdb both old..reality is both getting poor.. private can’t, have to enbloc..or richer become richer when older

[@wesch4232]

This video is not correct. As long as the economy is able to boom, the house price will continue to increase. Same for COE, it will continue to increase steadily.

[@invisiblepredator7499]

The NUS study shows that the rate of price decline for older HDB flats was much slower at 3.0 per cent. In comparison, freehold private homes and leasehold residences depreciated by over 10 per cent and more than 30 per cent, respectively.

[@Godfather1921_melo]

bullshit

[@contrarian2496]

Depends on location, those prime area HDB even appreciated despite getting older, it will only start to depreciate maybe when it reaches 70 years old. For example, 50 years old Tiong Bahru HDB still fetches ATH prices of $1.5M few months ago. Old freehold condo in faraway location preformed the worst, because of its ageing facilities and inconvenient location nobody cares whether it's freehold, data showed that their prices remained about the same or even lower throughout past decade. People will know that freehold means nothing when they know how cheap freehold condo are in JB, yet nobody is buying it.

[@eokhonko]

Link to the study?

[@onexoxtoo]

and Singaporeans keep voting P Eh P

[@JohnHogan197]

Start early with diversified investments in stocks, bonds, and real estate. Maximize contributions to tax-advantaged accounts like 401(k)s and IRAs. Regularly review and adjust your strategy to ensure security.

[@CoreyLogan-qj7lb]

People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.

[@Carartz]

With PLH restrictions, current resale flats prices might shoot through the roof.

[@jompfish]

There will not be a repeated HDB pricing crashed like back in 2003-2009 Government learnt from this huge mistake & continue to implement new rules to tweak the system "

[@gosaperdek303]

when people say things like this, it makes me damn scared. theres no such thing as impossible, theres only complacency.

[@contrarian2496]

Private property prices are more likely to crash than HDB, because HDB is still the cheaper alternative. Meaning if HDB prices fall 10%, then private property prices will fall at least 20%, the last financial crisis proved this whereby HDB prices stayed resilient while condo prices crashed.

[@patricktoh5191]

1997 property clash during Asian financial crash starting with Thailand. And Hong Konger we’re scared of hearing 97 and negative equity.

[@patricktoh5191]

@@gosaperdek303 Agreed 100%

[@littleowlfamily]

Government is doing what now ? Can't they foresee?

[@hengsweemeng1698]

willing seller willing buyer. Don’t buy from estates that demand many million dollars HDB flat.

[@david888a]

Asset rich ,cash poor. Sell n move in with your son or daughter n help whoever allows u to stay with your capital gain.

[@anghockseng5686]

Those who 50 year Old flat will fall

[@leonwangls]

Rental for HDB flats already falling.

[@keesiongwong4739]

With gov pumping money to boost the economy and too much hot money in the system now, I don’t think property will fall so easily. Gov will safe the property even if there is a fall because property is part and parcel of gov revenue.

[@PeterLeo-m6w]

@@keesiongwong4739 Agree

[@FoodieWarrior]

Even 2-room resale flats are going for around $350k - $380k! Madness!😯

[@chinchowpowpook]

Think u still stuck at 90s..

[@FoodieWarrior]

@@chinchowpowpook I just got my BTO 2-room flat. Shiok to see it appreciate so much. Huat ah!🤑

[@kennySg101]

That's why hdb resale price has to be high so that older flats can maintain its valuations despite old age.

[@voyage8431]

I don’t think buyers are blind. What to do if people need a home for family, if supply is not enough to meet demand?

[@viralloger267]

Thats why bto is ur best bet. Beyond $250 psf is overprice

[@jackc.3168]

Mr Loo, you are impressive in sharing your happiness and worried …

[@jeff6161]

If inflation outpaces the depreciation and cost of loans then it will be okay

[@engkiatpoh9696]

Welcome to age of Hyper :)

[@pongpong5108]

Commercial bought at 30yrs lease, cannot expect free lease extension

[@jeremyxu8155]

Waste of time

[@lightaiyee]

Using your argument about losing money because of limited lease, EVERYONE will surely lose money, not just expensive HDB flat buyers. You are resorting to click-bait to boost your KZbin view counts. You can only try this click-bait trick so many times. Please improve the quality of your future videos. You can't milk the 1M65 followers forever.

[@JenHope118]

Our government can stop the speculation of the HDB by reduction of the leasehold of HDb flat to 88 years and the stipulation of minimum occupancy of new flats to 20 years before it could be resold in the open market otherwise the flat can be resold to the HDB as according to leasehold left at market rate with a 30% penalty discount. So this change will make people think twice about using the HDB as a cash cow . Another consideration is the public housing owners can top up their leasehold with cash or through their CPF by way of 5, 10 years when their present leasehold is *about to expire or rent the present flat from the HDB at a lower rental rate? Using these above measures could mean the HDB will lose millions in revenue each year from the tax collected from the resale of HDB flats at 25%? ....are you willing to forgo this revenue?

[@mohdpolaris3403]

How does going to zero when the lease expires? what about scrap value?

[@Utube1024]

Never ask you for demolition already lucky still want scrap value.....LOL

[@1MW9]

Unfortunately, HDB is govt's biggest cashcow, even more profitable than income tax and GST, They are not incentivised to push down resale prices because every change of hands of a HDB, is a percentage profit for govt in stamp duty. It is simply a picks and shovel business for them and high prices keep voters happy too. At the end of the day, it is the future generations who will be punished for profits made by their parents and the govt

[@dennisng8421]

Please do some research before committing, if gov want to make money they will stop building HDB and sell land to private , that way, they make more, just like HK 80% private and 20% gov. Also those M HDB buyer high chance from private to HDB, I also have the plan to downgrade to HDB when I reach the age

[@xxxcool2565]

Nonsense. There are more efficient ways to earn money than by earning through resale HDB. In fact resale HDB at high prices actually benefit Singaporeans so they can move up the social mobility ladder and eventually upgrade to a condo or landed for a better life. It would be tragic if HDB prices didn't appreaciate thus creating a class divide where rich stay in condo and everyone else stays in HDB with ordinary Singaporeans have no hopes of ever owning a condo. That will create social unrest and is downright selfish

[@wtIUpITp1E0wMsydV19c0FUmIXvCU]

This youtuber thinks by scaring you with all the bad bits about hdb living, you can then join him in staying in JB. And according to him, the crime there is "not bad", compared to Singapore. As a half malaysian, I find his views are so naive

[@kengleetan63]

There are going to be alot, i mean alot in a short 5 to 10 yrs from now ,lease decaying HDB many below less than 50 yrs. Many in matured and choice areas. There will be no way these flats will have their price increasing, unless buyers buying such flats are that goon to buy these old flats AT A HIGH PRICE! The gov will not offer SERS for many of these owners or any scheme to 'save' these owners of such old HDB. As for newer resale HDB just clearing their MOP, these HDB might retain and have some prices increase for subsequent owners until they too reach lease of less than 60 to 50 yrs.. As Loo said, 99 yrs lease properties will be a loser in the end, even for condo. That being the truth already well known. That said , the question is when to buy( enter) and when to exit such property! The only winners here in Singapore are the landed...FH.....forever! Or else why your ruling Elites, rich ppl mostly own and are living in such properties😆😆😆😆😆

[@ppp123asdf]

Those who bought for more than a million. Please note this is a HDB lease flat. Non strata titled. At the end of the lease the value is ZERO. Those who bought at $1.5m can they expect to sell at $2.5m? Be real!

[@bayernvoeller]

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[@david_Soh]

1M65 ha..ha.., if now everyone is saving and working out for 1M65.....all will be RICH by then! Then what is the problem of having 1 million dollars HDB? Singaporean all millions air club!!

[@henrylim695]

U hv contradicting yourself. U hope that your kids can buy cheap bto n look for a profit when resale prices rise in future. Biased opinion.

[@focus168168]

still monitoring. :)

[@wilfredho2924]

Lose money for sure. Which means they will not be able to sell for higher than they bought, due to lease decay. However, please stop for a moment to remember, a flat is a roof over your head. Nothing is free in this world. You got a place to stay, you have to pay for it. Some people pay more, some people pay less. We all have to pay.

[@scbchong6964]

Resale HDB public flats are a closed pool of buyers ie. citizens only. Shows that the inflated prices are due to too much cash and too little common sense. You forgot that GenX has been turning 55 since 2017 and so have access to their fat CPF savings. Also got full employment with healthcare workers, teachers, civil servants and SAF getting bonus and pay raises in 2022, 2023. Furthermore, enbloc fever in 2018 resulted in hundreds of multi-millionaires among citizen Boomers who received their payouts from 2021. Mr.Loo, you forgot that inflation is always caused by too much liquidity, easy credit loans and fomo. All these conditions were present in SG from 2022.

[@edwardlumsianming3430]

We reap what we sow.. the day will come. Just like COE HOW HIGH CAN IT GO UP. 200,000😢

[@engkiatpoh9696]

Gov is the largest Landlord, M2 supply is growing and growing...u will know end result

[@edwardlumsianming3430]

Prices cannot keep going up so let see when it will happen. Buy already so high than sell want even higher who can tahan😂😂😂😂😂😂😂

[@aspirojohn7617]

There is a significant number who believe too much to accept the inevitable Depreciation. They should get Gov to answer them. But are they too afraid?

[@aurvandil1688]

There is a considerable divergence between rental yield and lease price for new HDB flats. As HDB flats age, the two will converge. Assuming a $3000 a month rent, a 79 year old HDB flat with 20 years to lease expiry will still be worth 20x12*$3000 = $720,000. The popular pricing of HDB flat using Bala's curve ignores the rental that a HDB flat can fetch. The price decay using the curve is therefore incorrect.

[@basic7788]

Those record breaking prices for resale units are considered as outlier cases or exception cases. The buyers are either multi-millionaires or windfall from their other assets. Don't worry for these buyers. They have no intention to cash out at all. They also don't mind the drop in price. For the rest of average buyers, don't worry. There are still plenty of reasonably priced resale units. Moreover, the government is pushing out record numbers of new BTOs for young families.

[@CharlesTsangDr]

Isn’t the financial institutions complicit in this? If the valuations are not lofty, the loans will be more realistic. I guess banks will make more interest income from all these loans.

[@gladysloy5780]

LH Private going back to resale HDB pushing up the resale prices. Once the price gap gets closer, maybe lesser private will go back to HDB. Anyway lease hold means zero lease go back to state. Unfortunately there are still many refused to acknowledge the hard truth that their house are actually lease hold and will become zero value when lease is up. These people are not even able to live till the age whereby the lease is up. That’s why they refused to believe gov will take back once lease is fully consumed.

[@gosaperdek303]

anybody who bought old property after covid, prepare to get giga rekt. most of the 3 room you mentioned are all NEW flats. those who will kana poke are those who bought 40 years left mansionette, 3room, 4 room, 5 room.

[@ppp123asdf]

What's the point of seeing your flat value goes up. Unless you want to downgrade.

[@PeterLeo-m6w]

Mr Loo tis topic is one of ur highest views leh, u know Mr Loo for majority of the peasants like us, its our only chance to cash out (n downgrade )to get some extra kopi money in old age, coz most of us not business ppl who can have a large nest egg, to buy or not to buy such M $$ HDB flats, ask those multi M $$ Ppte downgraders better, these ppl are the smarter ones, if not Hdb ToTo, i tink in future most Sgreans got to retire in JB liao, but not all of us wanna do so mah, home is best for some of us,😊

[@MrRenguard]

Hi Mr Loo, with all due respect, you have been saying this since 2021..

[@edwardlumsianming3430]

Since it is open market, the STATE WILL LET IT RUN ITS COURSE.

[@edwardlumsianming3430]

XGREED GREED GREED GREED GREED GREED GREED GREED GREED GREED GREED GREED GRRED AND MORE INFINITE GREED

[@hegehypo5914]

I agreed that HDB should have a rule to get buyers to sign and be aware of the 99 yrs lease rule (and how many years of tenure are left) and HDB will not renew the lease for individual buyers

[@pennychow6844]

Mr Loo will all these sky-high prices alao up the AV for HDB?And price some people out of the aid they may need?

[@dmba2582]

Farmers’ leasehold hdb is zero value after 99yr while the rich’s freehold gcb value will 100x after 99yr ?! No wonder the poor gets poorer, while the rich gets richer 😂

[@edwardlumsianming3430]

3 room 2 million; 4 room 6 million; 5 room 8 million; EC 12 million; private condos 20 million.

[@edwardlumsianming3430]

So your lease must be higher than your age so that we do not get stroke and heart attack

[@bessieling3719]

If you still can keep your business, job and sleep well in the next 5-10 years just go ahead! Just a gentle reminder cos history always repeat itself.🤔

[@CatherineCarol]

Some people just wanna ignore The facts as it’s not in accordance with their theories. Agents say that the 99 yr leasehold is better buy and for investment.

[@nigeldcruz1195]

The Bishan area supported by elite schools. My colleague paid a million for a 40 year old flat in that area cos hoping to put his child in a elite primary school. Unless there is something done to the system, i think it would continue in such areas. To me economically, the 'greater fool' theory is in action.

[@unstoppablebtc3102]

Pretty sure some of the 1m buyers are people who are trying to protect their assets from creditors

[@coins_investmentsg]

i hope they lose money, crazy buyers

[@KC-oc7ki]

Such crazy buyers spoil the HDB market

[@ahmengng4396]

Good news for those that buy above million of the dollars

[@jamesshopee]

After election this year, the narrative will be million dollar resale flat is a norm in the future 😂

[@poorpotato7623]

You sure your children will have chance to buy bto?

[@mchan1970]

Great! Let hdb prices overtake private properties prices. It will popped soon. .

[@caligula4725]

Bunch of old people spoiling young ppl's mkt

[@jsohyp]

good video, will make a good opposition politician lol

[@eddietang8467]

Happy Sellers Stupid Buyers 😂 😅 😢

[@starman1994]

I feel bad for leasehold condo owners more.

[@John-j8w6t]

rich sell condo buy hdb is a myth

[@CT-xy6or]

Not a problem if the lease of the flat outlast you.

[@MasterLeong888]

3rm HDB above 800k! WTF????? wahhhh bubble riao sia GG GG OMG

[@xxxcool2565]

They have been saying that since the 1980s. In 1990s HDB cost about $200k and everyone also like now complaining that it is a bubble, sure burst, how can a HDB in 1980s cost $80k can sell until $200k in 1990s. Its the same then its the same now

[@12mulesandy]

@@xxxcool2565 what i'm reading is 2050 HDB costs 2m

[@AlfredLim-t1f]

Why WTF? Can be more respectful in discussion just like what you would like others to respect you as a ‘Master’.

[@MasterLeong888]

@@AlfredLim-t1f master is talk cock one, master is entertainer lol

[@chinchowpowpook]

@@12mulesandy30 years 2 mil too low..that’s slow inflation..not great for country

[@chinchowpowpook]

Mr Loi is one kind that say what he buy is great..what he didn’t buy is not great..ehh,,heard his JB house not great

[@1m65]

You clearly didn’t watch all my videos and miss out on what I bought that were bad.

[@Luvmafammie]

Highly doubt prices will fall. Govt will not allow that given property accounts for substantial portion of sinkies’ wealth.

[@edwardlumsianming3430]

It's all about GREED

[@taeyeonist1462]

60% voted for this

[@jeremyow7283]

Condo downgraders after selling their condos are flushed with cash to buy resale HDBs for retirement. They do not mind paying for a good location, good size resale HDB with nice interior design. But, these are only a small handful of resale HDBs that are lucky enough to land such windfall. I think if the location, size and interior design is not as good, such resale HDB flats may still not command this kind of premium. Thus, not all resale HDB flats can command the same premium. And buyers paying too much for not as good resale HDB flats are taking on a risk. However, those who can afford to buy at premium may not be bothered with the value of the HDB flat. They like the house and to stay there. Even if they make a loss on the house, they still have more than enough retirement savings that can last them for an enjoyable retirement.

[@jeremyow7283]

The same mindset with some Singaporeans buying Malaysian properties for retirement in Malaysia. Because the properties there are cheap by Singapore standard, it does not matter even if the property does not make money. So long I get to enjoy the property as my retirement home. And good standard of retirement in Malaysia with large amount of Sing dollars that can be exchanged for Ringgits for me to spend. Who cares whether my Malaysian house makes money or not? So long I get to enjoy living my kind of retirement lifestyle, that alone is good enough.

[@franciscody9622]

HDB is a time bomb.

[@Nick-eq3ck]

No more lottery effect with the PLH model