Comments on: Number of applications exceed available units for sale of balance flats by HDB

By: HOpeLeSS Applicant

HOpeLeSS Applicant — Wed, 14 Oct 2009 02:06:28 +0000

is it HDB should refund for the unsuccess applicants since supply less than demand?what’s the actions should take from HDB to overcome this method?

By: devian

devian — Fri, 09 Oct 2009 13:24:10 +0000

from the list, Choa Chu Kang only has 3 units available for sale but there are at least 105 applications for it.

By: JUST PAP...

JUST PAP... — Sun, 04 Oct 2009 17:15:38 +0000

CASHING-IN like they allow SINKgaPOOReans To GET RICH 20+ years later with inflationary contra… BUT HDB NO NEED to wait so long as they control everything!!! People in Bukit Merah then HAPPY and PAPpy… then will surely vote for who???… Or OSO Vally papy happy gfet day OFF on Voting Day if DON’T have to vote!!! Win-Win BOThways!!! Party & PaPty TOO!!!

By: Gave Up

Gave Up — Sun, 04 Oct 2009 08:27:55 +0000

Sian, you are right. I believe those flats were held back and waited for prices to rise before releasing to market again. These are very old flats and the cost of building them was very low (less than $80k that time). Now they are sold at subsidised market prices (hundreds of thousand), it easy to know how much HDB can profiteer from it. Gone were the days of providing a roof over the citizens head.. its now only providing reasons to justify $$$ for those blood suckers, who only knows how to bully singaporeans.

By: Sian

Sian — Sat, 03 Oct 2009 16:10:20 +0000

Hmmm… I have a question… how come the available available units for AMK and Bukit Merah are so much more than the rest? Are these flats purposely withheld from being sold until the price has increased significantly, as mature estate prices tend to rise much more faster?

By: Kbtan

Kbtan — Fri, 02 Oct 2009 14:24:21 +0000

The prices for the balanced unit are priced rediculously high
For example the unit at Redhill Rise, A friend of mine bought it at 333k for a 30 storey 4 room flat, look at the price of the 4 room at level 8. it going for 453k.

By: btan

btan — Fri, 02 Oct 2009 09:34:45 +0000

One more thing is that a lot of demand is in mature estate but HDB die die want to build flats in new estates. These new estates are very inconvenient especially for couples who like to stay near their parents.

That is why a BTO in, say Bukit Merah, can attract 10,000 applicants just for 200 over units and their take up rate is almost 100%. I know because my queue number is aroudn 300 and by the time it reaches me, only a few units are left. And due to the stupid racial quota, these few units can only be taken up by Malay/Others.

Ironically, a few years later, they could not sell and then offer these units up to any race (I guess money talks)

Even a BTO in pungol area has a high application but the take up rate is about 70%, which is not bad but HDB make it like the rest did not want it and the “reject-rate” is high. From this psuedo-data, they conclude the demand is not high.

They did not realise not many people want to stay in fringe town area where it is so far away from city area and even if they stay in these new estates, they also don’t want lousy units (most prefer high units). It is no wonder that the first 70% of units were taken and the remaining were not taken by subsequent queue numbers.

I mean, if your queue number is something like 8000 out of 10,000, would you bother?

HDB assumed all their flat units are equal but it is not. The Kallang flat units, while located near central and next to MRT, the units are all inward facing. It gives a claustrophobic feeling. Who wants to live in a flat and feel like you are trapped in some ancient castle wall (and pay exhorbitant price at that)?

That is why many people eschew Kallang Central flats. Most applicant would probably go for the River view flats. Rest assure the numbers will shoot up near the end of the application period because it is the only REAL new flats to be offered and people probably want to study first before applying.

By: btan

btan — Fri, 02 Oct 2009 09:21:36 +0000

I am one of the applicants. In the past, it is worse. Every estate was lumped into the sales and so you seen applicants like 10,000 or 4,000 for just 200 over units.

Unfortunately, many of these units are actually very old units, repossessed by HDB for whatever reasons (usually nothing good, like former owner cannot pay or something and has to sell back to HDB)

Most people really only want the newer flats (those built after 2005 or at least after 2000s) and so the people applied for a very small number of choice units (considering these are actually LEFTOVERS, the real choice units are all taken up)

Think of it as a bargain bin sale and people rushed to grab the left over “cream”.

After that, most people who applied whose queue number is around the back won’t want the real leftovers. And then HDB will whine that the application is over inflated, not realising that those behind the queues don’t really want the leftovers. Some flats are actually 20 years old, who would want these as their “new” flat?

Anyway, this is the second day, wait till the last day and you see a lot of flats are oversubscribed.

By the way, each application cost S$10, so 10,000 applicants will earn HDB a cool S$100,000, for nothing.

By: BuiTaHan

BuiTaHan — Fri, 02 Oct 2009 08:32:29 +0000

HDB huat liao ! By jacking up the resale price, the new flat price is also expensive as it is pegged against If you consider the reduced flat size, psf is very expensive. House seekers have no choice but to buy expensive new flat instead of buying very expensive resale flat. PR and new citizen are government new weapon to vacuum our pocket!!!!

By: Old Guy

Old Guy — Fri, 02 Oct 2009 08:10:08 +0000

Too little, too late

more frustrations!!!