HDB Cooling Measures - Can it Even Cool The Red Hot HDB Market?

[@steventay5834]

It will increase the prices but at slower pace..

[@hemingwei-in-SG]

It is also to pad the baseline for the Oct new scheme BTO launch which will hit new norms esp those special columnless, full glass windows, PLUS PRIME. Let first timer with lower income a chance to get in on those more choicer new launches with more grants subsidies. So everyone wins, everything UP UP UP.

[@chinchowpowpook]

Why lower for first timer since first timer is the one that sold bto at a million over

[@ericlim428]

@@hemingwei-in-SG Ever heard of Singapore prices Goes Up & COMES DOWN ??? ECONOMY & INVESTM SUBSTAINABLE IN THE FUTURE ?

[@hemingwei-in-SG]

@@chinchowpowpook becoz to the gahmen they can reproduce and add on citizen count

[@ericlim428]

Mr Alan , can you make Another video about Singles buying Resales and too Those Singles buying Resales together with Elderly parents Whom Govt are Encouraging ! How is the Subsidiz works for them and How is the Loan Quatum for Owner(s) ?? What type of Flats , Resale or New ? Thx ,Alan

[@alanweeproperty]

refer to this will do. www.hdb.gov.sg/residential/buying-a-flat/understanding-your-eligibility-and-housing-loan-options/flat-and-grant-eligibility/singles/cpf-housing-grant-for-resale-flats-singles hdb portal teach u everything. if u dont know. check with agent. sorry. i woudnt be doing such video in the meantime. many to cover.

[@chinchowpowpook]

Why don’t go hdb and ask.. funny

[@ericlim428]

@@chinchowpowpook agrees with you . But like cpf n hdb , some officers are too confused with their policies that too Gave Duck Answer when we ask Chicken questions !

[@shurakishi4707]

those who are able to pay premium price for HDB flat - they are not exactly going to be affected as they are already able to pay high COV in the first place. At least for million dollar flats, this cooling measure will not keep it at bay. BTO supply will come up - this will be arguably the most important factor in quelling resale market demand.

[@alanweeproperty]

yes. its the supply side. but it will take time....

[@shurakishi4707]

@@alanweeproperty taking too long. In the mean time demand continue to stack up. It shows that the previous rate of building was probably just meeting demand or not even meeting demand at all

[@alanweeproperty]

@@shurakishi4707 by right it should meet...based on marriage numbers, etc. i think many 2nd timers also want to save money to buy TOTO and Q to buy BTO instead. That why supply is never enough.

[@shurakishi4707]

@@alanweeproperty as long as the applicant to flat ratio is not 1:1, it means that supply has not met demand. Up to today there is no BTO project where the number of applicants meets the number of flats. It is usually there are too much applicants per flat.

[@chinchowpowpook]

@@shurakishi4707how can ratio 1:1,,like that hdb sure loose money ..

[@tanyongboo]

Will it affect the 3,4 room resale price or maybe it will rise up the resale price.

[@alanweeproperty]

their impact will not be significant. anyway, the 3 & 4 room already on fire now...older 3 room now fetching $400k up. lol

[@freddylim310]

Nowadays many parents can afford to pay the extra 5% for their children. I don’t think the extra 5% extra would hv much impact on the prices!

[@alanweeproperty]

Minimum impact. But at least they acknowledge there is a hot market.

[@hhspore]

The current leadership is always applying ko yok and self cancelling policies that seems to make the black hole of runaway hdb prices blacker and deeper.

[@alanweeproperty]

Not easy on policies. One measure will have other impact to other segments.

[@ericlim428]

@@hhspore Thats why i always said , dont meddle too much , supply n demand . Why not Govt Control the Private Land Sale prices that cause the spike in psf inflation . Even EC is out of control like COE . SUBSIDIZE ? GOVT BULLSHITS !!

[@pokemonyu]

It will only affect low income and newly wed couple. Will not affect those cash rich singaporeans. HDB prices will go higher and higher.

[@alanweeproperty]

agreed. that why the increased EHG is in place to support them. million dollars HDB flats will still be the norm...

[@chinchowpowpook]

Disagree,,,low income buy woodland bto price is half of those Central Area..is only low income earners want a piece of central location bto buy at woodland price

[@SuperEmofanatic]

This action is like not a real action. To really solve this issue - just sell back the house to Hdb and then hdb sells to buyer with appropiate controlled prices. Put a cap on Bto profits - hdb should not be used as an investment tool. Those that can afford the million dollar hdbs are all the down graders from Landed or Condo. New rule will not affect them, resale prices will still increase.

[@alanweeproperty]

Agreed 👍

[@aplacecalltambun]

U are quite unbelievable red hot HDb market. Just a few million dollars transaction Over last six months done by rich kids who don't need loans I call these aberration U don't make serious policy changes based on aberration Red hot what are the mean median prices? How many such loans Were approved by HDb to by million dollars BTOs Banks HV stringent criteria

[@alanweeproperty]

i am very sure 99.99% MAS approved loans are in order. income also higher. pte also higher. hdb upgarders priced out. buy back resale flats loh for the space instead.

[@chinchowpowpook]

Hello a million over hdb take up a peanut 1 % of whole transaction,,u say it like all transaction above millions

[@manofthehour_]

It will not do anything. Come on, as if people taking HDB loans (earning 14k and under per month) form the majority of >1m resale HDB buyers…

[@alanweeproperty]

Agreed. It will only slow down the pace increase. Bitter medicine 💊 is still capital gain tax. But that will tank everything

[@junjun906]

HDB LTV 75% wont cool the market. BUT this is just a prelude to the even lower LTV for FI. maybe tonight 11pm declare BANK and FI loan LTV become 65-70%!! that one will confirm cool the market to the extent of another winter. IMAGINE cough out 30% DP plus another 4-5% stamp duty. confirm no speculation.

[@alanweeproperty]

true....but i see URA PPI quite stable lately. new homes also not doing too brightly. so maybe status quo as of now...

[@chinchowpowpook]

If u want zero buyers to impact the market,,ltv make it 30% lor..that’s mean u yourself can forget selling too

[@1965Singaporean]

The real reason price cheong is because every Singaporean are having better pay. Only way to cool the market is we become 3rd world 😂😂😂

[@alanweeproperty]

yes. u are spot on.....

[@mariantia926]

PAP if truly care the affordability, delink bto from resales,and let everyday stay 10 to 15 years and above and if sells,tax the selling amount of 35% after 10 years,,25% after 15 years , after 20 years 15%. And keep the bto prices less than 500k as most expensive.Pap is just 表面功夫，自己一条龙服务赚钱。😂🤣😅

[@alanweeproperty]

delink BTO n HDB resale? they already de link...if sell bto cheaper this mean buyers shiok....all big huat after MOP. if u are not eligible. u sure suck thumb! BTO cannot sell too cheap. based on past histroy. upon MOP make 100%. if somemore discount. after MOP can even buy a brand new car. that why COE never come down.... hdb already introduce prime n plus, housing, etc...

[@mariantia926]

@alanweeproperty Singapore govt tap on the concept of FOMO of public and make everyone in the open market be it house hdb car coe market stall fight until the highest bid win and they just watch happily collect money and Singaporean are being played by them easily.What is true value worthy of??hokkien say chao kuan underlying but upfront very upright.😂🤣😅

[@chinchowpowpook]

Then have u owned hdb? How u sell if your ideal policy made..

[@steventay5834]

Can't sell BTO cheaper lah. It will affect the resales prices of many owners. HDB offer grants, which is actually a price cut in disguise.

[@Yzdrd]

Become worse if grant is increase. Price will go up more…Ltv 5% ppl can affort. See the coe price. Need to up the 15 mth for pte pty to 30mths

[@steventay5834]

user-xt5tx5yv9f The grant is for lower income families and will not have significant price impact. Need to increase the supply to meet demand.

[@alanweeproperty]

this is a targeted approach. to help the less well-to do to afford. its not PPO fault that prices have gone up. as mentioned in my earlier video. kzbin.info/www/bejne/earYo6OEg72lnqs seniors, singles, first-timers, PR, and upgraders all have a role to play. then how like that? Ask pte owners to sell cheaply? So HDB upgraders can move to condo? but will they?

[@douglasang3527]

Stupid Cooling Measures ! 😅 VTO PAP , the best option in GE2025

[@MasterLeong888]

SG needs property prices to crash lol

[@leecheong4986]

There is only one country that can intentionally and successfully cool down its real estate market... China. Why? Its the issue of making real estatd more affordable. Nobody else in this world intentionally cool down their real estate for this purpose. Singapore can never do this. It may not seem so but the Singapore government is very much in real estate themselves. There is serious amount of conflict interest there. Singapore will not be able to cool down their real estate market and in fact it will get hotter.

[@GavinWongSG]

Too little too late for China. Homes in Singapore are more affordable compared to local incomes than China.

[@chinchowpowpook]

@@GavinWongSGChina carpark lot also separately sold

[@GavinWongSG]

@@chinchowpowpook Yeah. But China does have a higher car ownership rate in urban areas. Crazy parking situation since those Chinese cities were not designed for that many cars.