You did a great job here, keep it up
May 2023
BTO application in Singapore is something every young couple pays attention to before balloting for a BTO flat. Aside having to wait 3 to 5 years, what else do you need to know? With news of the upcoming HDB BTO launch, read up to prepare yourself.
Several condos have offered discounts to attract buyers in April and May 2023. Meanwhile, some HDB flat owners have attempted to bypass the MOP by acquiring or investing in properties under their childrens' names.
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Comment on Quick guide (with infographic) to BTO and resale HDB grants for singles by Modern Merlion
I posted this on another article, but i think it belongs here too.
I say, meet half way and lower the eligibility age to at least 30 and restrict to HDB resale only.
If singles have to wait until they 35, they have 3 options, live with parents, rent or buy a private property. Living with parents is economical, but not good for personal growth or even dating for that mater. Renting dips into savings, leaving less or no savings to buy a house after 35. Buying private is only for high earners.
By 35, a lot of these singles earn more than Income Ceiling, so BTO is out of the question. Price of a resale HDB by then have gone up even further.
We live in a different world compared to a decade ago. Modern dating is hard when living with parents, especially in an asian household. Dating while renting is hard too because of financial constraints and its worse if singles are only renting a room. So this will only lead to a higher chance of these "older" people being single longer or perpetually.
We can all agree that Singapore is great country, but it is a stressful country to live in. The mental health of the younger generation is deteriorating. Loneliness adds to that. And not being able to own a home makes it worse.
From personal interaction, a lot of my friends have been getting married solely for BTO, that can't be healthy for the society in the long term. There has been a constant increase in rate of divorces in Singapore, leading to more broken families. I'm not saying the current housing policies are the primary cause, but they surely don't help it.
Millennial's and the later generation's way of thinking and way of life has changed and the government policies should evolve with that.
I say, meet half way and lower the eligibility age to at least 30 and restrict to HDB resale only.
If singles have to wait until they 35, they have 3 options, live with parents, rent or buy a private property. Living with parents is economical, but not good for personal growth or even dating for that mater. Renting dips into savings, leaving less or no savings to buy a house after 35. Buying private is only for high earners.
By 35, a lot of these singles earn more than Income Ceiling, so BTO is out of the question. Price of a resale HDB by then have gone up even further.
We live in a different world compared to a decade ago. Modern dating is hard when living with parents, especially in an asian household. Dating while renting is hard too because of financial constraints and its worse if singles are only renting a room. So this will only lead to a higher chance of these "older" people being single longer or perpetually.
We can all agree that Singapore is great country, but it is a stressful country to live in. The mental health of the younger generation is deteriorating. Loneliness adds to that. And not being able to own a home makes it worse.
From personal interaction, a lot of my friends have been getting married solely for BTO, that can't be healthy for the society in the long term. There has been a constant increase in rate of divorces in Singapore, leading to more broken families. I'm not saying the current housing policies are the primary cause, but they surely don't help it.
Millennial's and the later generation's way of thinking and way of life has changed and the government policies should evolve with that.
Hi...me n my wife is PR....if out of sudden my wife leave spore n she nvr come out(PR expired),what happened to the hdb
A pleasant read. It's certainly enlightening and glad to know the report comes from "property agency" which many in general only "boasting" for higher property prices. Sensible investors or smart buyers should be reading these articles and consider some of these properties or areas instead of feeling amazed at those reports such as HDB prices made record highs or fetched over $1mil which could be exceptional but apparently not general.
In the latest round of cooling measures announced last month, we saw the Additional Buyer’s Stamp Duty (ABSD) rates increased to curb investment demand for residential properties. For Singaporeans and PRs owning a second home, the ABSD rate has been increased to 20% and 30%, respectively. The hike is the steepest for foreigners, as the…
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