Million Dollar HDB Flat - Are they Worth Buying?

[@deschan2246]

The only reason hdb property prices continue to climb is, it is tie to Singapore reserves n economy. Singapore government will never allow it to fall. However, everything has a limit, the bubble will burst eventually. It just a matter of when.

[@alanweeproperty]

we have been talking for the longest time ever. esp for hdb. when prices high. buyers complain. when prices low. sellers complain. so which is which? hiaz. that why i feel policy makers have a hard time...

[@holdthel1n331]

Let see...... in next coming 5 years......... see who is still coming to buy the million hdb.... good luck.

[@alanweeproperty]

Copi 10 years ago 70-90c....today anyhow $1.40-1.80...millionaire hdb flats will have more n more esp in choice location. i have been in this property trade since my enbloc days....i will still bet on it.

[@steventay5834]

Prices of these flats will drop when it is say 60 years old lah

[@alanweeproperty]

Not really. I seen flats n condo today left with 50 years. Their prices is higher than ever before. This is supported by data.

[@steventay5834]

@@alanweeproperty I say left with 40 years

[@steventay5834]

@@alanweeproperty Or when it is left with 30 years lease.

[@steventay5834]

@@alanweeproperty Buying at $1m is very dangerous. There will be limited upside

[@chaz4609]

Jai Hind. Can get more than $1 million, Can already retire comfortably back in my homeland in India

[@1965Singaporean]

😂😂😂 Bangladesh even cheaper😅😅😅 but I only want to retire in Japan or china.

[@alanweeproperty]

Congrat

[@AndyGoh-xs7ow]

We hv to ask ourself first , look at hongkong country. Their own housing are so expensive and small since many years back .Prices gradually on high peak in next many years ahead in singapore

[@muchuchen]

When u state that HK is a country, it shows that you are lacking of some basic knowledge.

[@georgegeorge4456]

This is a clear and good video. Straight to point with answer.

[@alanweeproperty]

Thank u

[@freddylim310]

Property prices in Singapore are out of control! Government has to do more to curb the prices!

[@alanweeproperty]

It's 2 camp my friend. Buyers say ex. Sellers say cheap.

[@chinchowpowpook]

Where got out of control? Hdb 10 years price don’t increase then blame gov..everybody wants up up up,,when they sell,,when they buy buy buy want cheap

[@steventay5834]

These buyers will lose money when they sell in future!!

[@alanweeproperty]

Property prices go up over time. A decade ago. Pinnacle duxton 5 room sold for 1m. Wow. Big hoo har. Today easily 1.5m....

[@steventay5834]

@@alanweeproperty That is not always the case... If at the tail end of 99 years, you tell me if it will still go up.

[@alanweeproperty]

@@steventay5834 tail end surely bye bye...

[@steventay5834]

@@alanweeproperty U tell me. If the property is 95 years old, the price will still go up?

[@1965Singaporean]

Kallang whampoa seriously is good location. Near to city and many hawker centre that sell food at reasonable price. Go town buy branded good aldo easier 😂

[@alanweeproperty]

It's the next Queentown or even tiong bharu. In fact. It's not so congested yet. Nice place to stay.

[@georgetang3489]

good job for insight..

[@alanweeproperty]

Thank u

[@Be_blessed99]

I suspect the buyers are PR ….. to them Singapore’s property is cheap…..

[@alanweeproperty]

Yes. There are PR but majority are still SC.

[@1965Singaporean]

😂 my first property is a resale 3room hdb next to my mum block, same design same size. She paid 20k, i pay 160k, she said i xiao😅. But i sold for 320k and upgrade to private and buy more property 😂😂😂 my advice is property is a need, so buy asap.

[@alanweeproperty]

Oh wow! Good decisions

[@chinchowpowpook]

But here others saying price out of control ,,they want hdb like your mum buy at 20k, u pay 22k, then sell at 24k,, but u can’t buy private

[@1965Singaporean]

@@chinchowpowpook those Singaporeans are not willingly to accept monthly salary of 3 digits but want to buy HDB at 20k. Lol fair to government Bo?

[@ccteo3253]

Who are the millionaire buyers? I’m very curious if they are true Singaporeans or new citizens from China. Didn’t Govt say HDB will be kept affordable? How many people can afford million dollar or even 4-room flats? I know young couple working in IT with good salary that cannot afford 4-room resale flats now!

[@alanweeproperty]

I don't have exact numbers. But been on the ground. I can share. 70-80% are true born SC. Anyway. They are part of us. Let's embrace the diversity.

[@steventay5834]

ccteo3253: New BTO flats are affordable lah.. especially for a couple who are U Graduates. After 4 years of working, each can save $150000 easily.

[@SWTAN-JEFFREY]

10 yrs ago fresh gradutes were getting $3k avg (technical). Since 2023 fresh gradutes are getting $4k , 30% hiked. In USA, fresh gradutes from business could get usd$6000, IT post is $8k for Fresh gradutes . With limited supply of houses and more younger couples getting married. Their salary is the main key factor for hdb resales snd condo prices to beyong $1m to $2m for sure. Coz real demands ( not speculations) are chasing limited good location supplies. ( Not woodland or jurong west )

[@alanweeproperty]

Today, those doing well with only 10-15 years working experience can command $8k upwards. Some even $15-20k pm.

[@desmondlim3065]

Have you considered how your children are going to afford their own houses? How much of their monthly income are going in to repay the loans, and what quality of life are they going to life. Work and work, pay and pay 👏👏👏

[@alanweeproperty]

No worry. There are BTO flats...

[@desmondlim3065]

Ok I'm happy for your next gen

[@chinchowpowpook]

U are a past..either too lazy to find alternative incomes or just being u,,always lack behind,.if your children don’t follow u have his own thinking he sure can survive! If he follow u, then doom for all generations and come here to give this comment

[@1965Singaporean]

U either worry too much or very noble. You only need to worry about Singapore no PAP. Lol. My starting pay only 600SGD because I only pass 2 o level, but I still bought resale hdb at record price then. If last time I worry price too high, I will never get married and have kids. my kids all have HDB but they work overseas or married overseas, they always miss Singapore because they said SG the best and planning to have their kids educated here. Singapore will continue to progress under PAP, life is a bit tough here because Singapore is small and no resources, so only way is to work hard. We Singapore are not 富二代 got natural resources. Lol.

[@desmondlim3065]

@@1965Singaporean I'm happy for your kids' children too :)

[@marvelcomiks8078]

These are all very huge flats. An equivalent private apartment of these sizes will cost double of what they sold. Unlikely to be able to afford such huge public housing again. A standard flat under 1,000sqft in size will remain under S$1million.

[@alanweeproperty]

yes. hdb build decent size flats which the private should follow...

[@choonsengteo9694]

Can be resale at 2 millions soon, l am sure. Let me put it 3 millions is possible, please don’t listen to coffeeshop uncles, they are all broke and broken. Your data are the real killers. Your talk sounded like a true blue Singaporeans. Huat! Are. 2 millions already here, don’t wait.

[@alanweeproperty]

Lai liao loh. Authority clamp down on $2mil listings....lol. I very sure when AMK central 5room BTO flats upon MOP will touch this number.

[@1965Singaporean]

@@alanweeproperty authorities is not clamping on the 2 million price tag. Is the advertising agent anyhow give misleading info that they are looking into it.

[@alanweeproperty]

@@1965Singaporean I see it in a different light. who starts the fire first?

[@douglasang3527]

HDB is Public Housing ! Only Foreigners will pay such price , not the real Singaporeans ! Also , such transaction is in doubt ! 😂

[@gabrielchan4420]

Is your right not to like gov and want to find stupid reasons to blame them. But please use logic. Only Singaporeans or PR are allow to buy HDBs.

[@muchuchen]

lol one no brainer found here

[@alanweeproperty]

Some may mean new citizens...hiaz. they already converted. Why still the hype over it?

[@chinchowpowpook]

Sourest grapes ..

[@ccteo3253]

@@gabrielchan4420New citizens from China can buy HDB flats and to them, a million dollar for HDB is super cheap compared to what they can get in China. From June 2022 to June 2023, Govt had given many citizenship to foreigners, many are Chinese so most likely from China. Surprisingly, 68% of new citizens are above 60 years old! So strange!