Prime and Plus BTO flats: Why restrictions didn't dampen demand | Deep Dive podcast

[@WendeLee-u6j]

HDB & PTE properties in Singapore will always be higher & higher due to high Demand with not enough supply . Getting BTO flats is always a windfall or first stepping stone .......

[@LonganLee]

Hope your children enjoy the future and don't have a problem child😅

[@superluckywinner]

0:20 Prime is "even betterer" than Plus. Wonderful! I like it.

[@opinionsmatter-xx4go]

👏🤣

[@vincecarlo]

ALL Still goes to ZERO Value for 99 yrs LEASE

[@yanlow6240]

HDB is building “luxury” bags, lol… supply is purposely much lower than demand. And so will always push price up no matter how you try to classify different categories of flats. I’m still waiting to have the chance to get an affordable home.

[@LonganLee]

The one trick pony is welcome lots of rich foreigners this will ensure property prices keep rising .....until the bubble bursts , of course. Its inevitable a bubble bursts

[@MrBoliao98]

You start reducing the amount of cpf used on property, you see that price coming into line.

[@REX4340]

Why is the government giving (subsidising) fortunes to a few citizens? Government built property should remain government owned.

[@ernestkj]

Cos they can wash hands when u collect keys.. u make it look like thrash center then too bad for yourself. If it's gov owned, it's like rented.. no one will take care of the place

[@tryolegend]

Because its a scam. They only make it look good. The real cheat is public rental scheme. Not buying hdb.

[@WendeLee-u6j]

Good location can save a lot of transport time & cost .

[@LonganLee]

Sg is tiny and you complain the distance? Have you travelled the world? Or are you alleging the public transport is breakdowns after breakdowns?🤣🤣🤣🤣 If you have car still complain distance? Then are you again alleging the sg transport system despite coe sarks?🤣

[@suresharavind7251]

Very good discussion and very casual

[@rof8200]

Why not give people the option to buy a cheaper HDB but it can only be sold back to government OR they can pay more if they want the option of selling on market?

[@Buttercookies0]

When you become a senior, you can buy a short-lease flat and can only be sold back to HDB.

[@musico3415]

​@@Buttercookies0It shouldn't be just for the seniors. Young families need affordable home to raise their kids too.

[@jonhard12]

Its don't matter prime or plus when you need it and can only have enough money to get HDB Its becoming a luxury cost which is not even in the people's interests anymore

[@andrewtan6077]

Me and my wife and our boy are fortunate to able to get a 3 room flat in prime area in our 1st attempt on bto. Look forward 2028 to be ready

[@vincecarlo]

99 Years LEASE Which goes to ZERO Value

[@Patroclus27]

And you’d be dead. So what. Inheriting property is not a normal thing in singapore at all

[@vincecarlo]

@Patroclus27 Klaus Schwab " You Will Own Nothing & Be Happy " HDB 99 yr LEASE Cars 10 yr COE LEASE SG is the PERFECT EPITOME of WEF

[@JS-ev4xc]

In the long run, all HDB resale houses will rocket sky-high, there is no return unless resale is prohibited.

[@SWTAN-JEFFREY]

As i had mentioned last yr Nov 2023 that the plus prime (PP) classification would lockup the supply of flats into 2nd market from 2024 2H till 2039 . Next 15 yrs periods due to new 10 yrs MOP rule. With this PP classification only deter buyers from making windfall mindset , yet , National Development ministry didn't address the demands curve coz look at the no of bto application would know. The responds of the markets to same high demands curve with short of new flats into hdb resell market would increase prices of resell hdb flats of which located in Plus prime estates from 2024 2H onwards. I have not factored in the current 2024 young couple household income has been increased 40% since 2010 compare 12 yrs ago. This is commom sense that Increasing demands curve +Min 40% increases of household incomes , -shortage new supply into resell hdb market. = Inreases of hdb resell prices. Conclusion. The said new classification is the fuel for price of resell market.

[@WTiDeadlyfury]

Price appreciation does not necessarily lead to an increase in purchasing power or real returns. If you were to sell your flat and buy a similar property, you would pay roughly the same amount, as you'd essentially be buying "at the money" assuming no transaction costs. The property you live in is more of a consumption asset, and only an additional property could be considered an investment. However, with the Additional Buyer’s Stamp Duty (ABSD), it’s harder to realize a profit on a second property. People are able to afford condos not merely because of the profits they gain from selling their HDB, but rather because their monthly income often increases over time. If upgrading were that straightforward, why would 80% of Singaporeans still live in HDBs? Selling an HDB to buy a smaller property could be considered a form of saving, but it may also reduce your utility. You can set your property price as high as you wish, even factoring in potential clawbacks. However, if demand doesn’t match that price, you may be forced to sell at a lower price. To see property prices increase, it’s crucial for the economy to perform well and continue growing.

[@LonganLee]

Without a super condoning or supporting citizenry, the many policies by SG gov could never have been accepted

[@snappypepe]

i would be happy because property cannot be an investment, property is for living

[@roboticsforfun5000]

Good point! Make your money somewhere else. Make your home the way you want to live in. Me single, knock 3 rooms into super big 1 room. I like, I happy, no care resale value.

[@thewisewant]

10 years still seems a good lottery landacape. Need to increase mop further to 20 years.

[@gt5087]

cos supply is SOOOO BAD.

[@shanwen88]

Because there is no alternative to public housing!

[@LonganLee]

One trick pony?😅

[@LonganLee]

From a generally homogenous mainly public housing singapore the tiny dot segregating into normal, plus and prime flats is a great idea. I like the CLASS differentiation of tiny dot. The rich also enjoy driving luxury cars as the COE is negligible to them. So, the future of sg is quite interesting. India has Caste system. I would like to experience living like an upper caste person😅

[@joannaong5408]

People just get it first. Later no money then sell lor and downgrade to standard.

[@cloud9sg]

Coz after subsidies and grants even selling at value after ten years mop is huaaaat

[@LonganLee]

The private sector expert proposed a novel solution. The public sector right hand side guy may lose his job.🤣

[@vincecarlo]

6:23 " PROVIDE VERY AFFORDABLE HOUSING " DAMN JOKE

[@LonganLee]

Whatever you throw at Singaporeans, they somehow find a way to Accept it "Aiya, everything is Bo Bian (no choice) one mah😅" Look at the COE tax. They have accepted it since time immemorial and still accepting it. That's how lucky the gov is to have such a supporting population

[@anghockseng5686]

Depend on how old The flat If 50 old and more The pricc will come down

[@LonganLee]

And we can expect the citizenry to accept as usual, lucky for the gov

[@anziar3038]

This is why s'pore has a first-world PAP. It's the only first-world, competent and responsible party in s'pore.❤❤

[@vincecarlo]

MOST EXPENSIVE Bunch of USELESS 🤡🤡

[@freeflowtrader]

Lease too high? Have you guys tried credit union owned house for lease until it becomes real-estate with commercial property(able to be sold) In car dealership it’s these…lease cars that will be sold after. Just gotta make sure reliability and resold value are high. Why no banks? Hahahahahaha I studied banks, it’s…just go with credit unions😂

[@1965Singaporean]

Because every Singaporean starting pay higher, so is affordable. This is healthy as long as Singaporean get employed with proper salary.

[@RenascenceNg]

Betterer….🤣🤣🤣

[@ralfkhoo2164]

Why not pro , pro max or ultra mini for 2room singles flat 😂

[@LiXianYang001]

The answer is immigration. Loose immigration policy by the PAP led to high HDB prices.

[@gt5087]

jacked up land price.

[@vincecarlo]

KEEP IMPORTING n IMPORTING MORE Demand than Supply Econs 101 ALL Thanks to Open 🦵 Policy " SG is For EVERYONE " said Ex PM the MOST EXPENSIVE PM On The Planet

[@LonganLee]

Is the right side guy a gov servant?😅

[@faithmc201]

This Indians voice cannot ah

[@vincecarlo]

IRRITATING

[@williamloh4360]

There is no need to have so many classification. Those who came off with this has lost its brain. By so doing, you will drive up prices further. The ego factor is very strong in Spore just like cars? We really need to VTO these useless bunch.

[@pehclark7256]

Because the money that enter the real estate are Hot money from Graft that was laundered. The actual demand is not increasing locally but were artificially hiked for profits. Like what they did in Shanghai before the Chinese real estate bubble bursts.

[@kengleetan63]

Locals the vast majority of them, now HAVE NO CHOICE as these are the only kind of housing left 'affordable' for many young and not so young locals. If not, who would not want a pte condo or FH landed? Kong jiao wei podcast.😆😆

[@anasqai]

If situation of choosing a place to live at, about "least pain path"(about sun's ozone layer's voltage), then situation of "p.p.o"(personal protection order), it's still a distance forced how a person on injuring-move is pushed far away, then target have to live with people on injuring move even if science reasons(Abt ozone layer's hole)? Means since long time ago can create boundary but law decide to let attempt of injury?

[@HenryX-s2g]

你看看HDB自己‘卖’的‘房子’，lease开价的离谱幅度，政府就别闹了。什么working restrictions。当我们都是白痴吗？

[@vincecarlo]

KEEP IMPORTING n IMPORTING MORE Demand than Supply Econs 101 ALL Thanks to Open 🦵 Policy " SG is For EVERYONE " said Ex PM the MOST EXPENSIVE PM On The Planet