The last time that HDB revealed its construction costs - including the subsidies provided to flat buyers, appears to be in 1988 when former MP for Potong Pasir SMC, Chiam See Tong asked the then-Minister for National Development, S. Dhanabalan if he will give the breakdown cost of unit flat including land cost incurred by the Housing and Development Board of flats constructed at six constituencies. At this point, the late Mr Lee Kuan Yew was the then-Prime Minister of Singapore. In response, Mr S. Dhanabalan provided exact details of the breakdown in a written reply and said that the cost incurred by HDB in building its flats can be broken down into construction cost and land cost.

Those unsold condo units are simply the "chui" units (agree with the other comment stating that the unsold reasons are due to location/facing/pricng n etc) in the market with little growth potential, or else they would have been sold in the last two years given how crazy the market was/is (with reference to the first day sales result of AMO, Picca, Tembusu Grand & The Reserve Residence). So with discount or not, it will still not be attractive to the potential buyers. New launches, be it condo or HDB, will only be top and be ready to be moved in after 4-5 years given the slow building progress.

Property agents and agencies are propping the prices for earning.

While other non-developed areas properties’ price are much higher than world No 2 rich/PPP SG, Pushing down SG condo price at low level will cause What actually happen? >> Helping peoples from such non-developed areas speculate SG condo, gain BIG margin and then leave problem to locals.

Equally puzzling why the Straits Times deemed it fit and proper to have published Mr Kwek’s letter when it was alleging something that has already been addressed in parliament and public forums which is not mentioned in his letter, especially if the letter from Mr Kwek was sent prior to WP’s clarification statement on 11 February. It is unclear if ST would have allowed a member of the public to write something in the same manner about the PAP.

This Topics is about enjoy lower prices as more units remain unsold.....with 7000 BTO units. First, BTO units takes 3 yrs to 5 yrs to build? And how many MOP units available for young Singaporean and new immigrant? Second, in a project, there bound to be units remain unsold due to size, facing, layout, pricing etc. Developers have few years to sell before paying ABSD to those unsold units. I would only say if you have purchased a good project unit, you should be safe for 2023. However, do your homework before any commitment, as this maybe one of the biggest investments in our life time. Property index is highest right now, will it continue to get higher; my guess will be as good as yours. But we always can do our sum, research and select a good property to invest.

Was the latesting cooling measure really effective? Looking at the day one sales result of The Reserve Residence..... got the land for less than a $1000 psf n launching it at $2500 psf.. The Far EAST Organisation is the giant huat kuey:::)))) Just curious if they got the land in 2018, why are they only launching it now in 2023 when price is peak. Don't they have to pay ABSD? If not any developer with no worries on cash flow n buy land parcels cheap cheap n hold it for long n launch it like a decade later. Correct me if i am wrong. paisei i am just a newbie.

Looks the same as a HDB to be honest

Lowering prices will attract even more rich foreigners. 👍👍👍👏👏👏

How to know

Who wants to buy private property in Singapore. Property tax so expensive

Please change this to like COE, the reason is that we have limited land, therefore price will increase due to control supply.

As long as china rich keep fleeing, we are good😅

The Singapore government can cool down the property demand. Month Average: Singapore Overnight Rate (Federal Funds Rate) 3. 79% in April 2023 SUGGESTION: Month average: Singapore Overnight Rate (Federal Funds Rate) 5% - 5.25% IN December 2023

Still prices are still high. If pre covid prices and low interest rate good

Our Government must remember that LKY had a Bad Habit of Land Grab …😂😂😂

Doesn’t matter how expensive property is. Just buy then during retirement cash out and leave Singapore.

Inevitable collapse of private property prices, it was never realistic to expect prices to go up forever because that would be a bubble, about time people having the mindset of 'private property can make money' start to wake up. Property purchase should be for ownstay first, property investments are secondary, and like any type of investment none of them should be risk free.

i rather buy in Thailand

Educators are not commercial driven, there is a huge difference between practicing n teaching. Developers have the upper hands to maintain high prices to seek immediate gains and also to react quickly via price reductions to clear unsold units ~ there are aligned middlemen to dispatch “good discounted” units. Housing is a scarce resource in Singapore ~ it will always appreciates; until a major global catastrophic event shifts the balance scales ; Eg China GDP in negative figures.

WP said it had attempted to amend the PAP’s motion on affordable and accessible housing during the parliamentary debate, but the amendment was rejected. The party maintained that there is still much work to be done to improve the accessibility and affordability of HDB flats and will continue to advocate for its points, including the basis for pricing public and private land and how the resale levy is determined.

Interest rate so high, and so many upcoming units.😄 Robustness is only if the rental market is still hot to rent from these "buy to rent private property". Otherwise, i dont think majority can sustain high interest home loan for even 2 years. Wish them all the best in lossing $...to the banks who have the last laugh.

😇 SG condo used to be positioned as only top 20 percent SG peoples are able to afford… SG is world NO 2 rich /PPP USD $106000 per capita in 2022. However, now feel like SG condo is re-positioned as it should be affordable by all common people Inside or outside SG, including common people from areas with gdp or income /per capita only 1/6.5 SG per capita . Confused! Anybody can tell what’s wrong? My feeling or others?

So Singaporean buy property. Make it an air bnb profit and rent it out to foreigners, at a very high cost. Am i right? So now, lots of foreigners leaving because of high rent cost in Singapore.

The last of the lemmings...😊

HDB must be cheap just to have a roof over their head. Forget about investment or asset..99 yrs. and it's gone..build 50 to 100 storey cheng-hoo-choo, sure cheap lah. that"s the way ah-ha, ah-ha..

UpSize the Downsize😅

Needs more influx 😂😂

CAPITAL CAPITULATION

The beginning of rise and down fall of Singapore economy, everything is about dollars & cents but our gov doesn't know how to rise our salary's is a political agenda is going on, they are saying the invester will go away then what about salary who going talking that???

Sg depopulation…. Why built nore houses???😢

Don’t b blinded to walk along with those buyers. Pouring all lifetime earnings to own 99 yrs leasehold properties or ridiculous price of any kind of residential properties. If u r very cash & or CPF rich then is ok. Otherwise can’t really enjoy life before kicking the bucket. Will b the saddest thing living. Just wait lah. Be debt free. Opportunities will come. If don’t, just enjoy life staying in HDB is good too. US never ending borrowing will burst the economy. If we live to experience, is an opportunity, if not we saved ourselves from all financial problems.

COO of FEO pronounce Chew-dren as Chew-ren? wow... genius

Once GE over hope to see ABSD removed. I thinking of buying another sentosa property

Public housing affordability in s'pore is ranked 2nd in Asia Pacific. Home ownership is above 90%, one of the highest in the world. 👍👍 Those immoral ones going around deceiving and misleading others into thinking that public housing is unaffordable are either ignorant, brainless or hopeless.

Housing is for living not for investment. You allow Neoliberalism and the free market to be exercised in the housing business then you will eventually end up with a lot of people being priced out of the market and not being able to own homes. Lots of young people will end up frustrated and the income and wealth inequality will go through the roof. Then you will have a very small group of people become very very wealthy and a huge number of people very poor. The middle class will be wiped out and be priced out of ow info homes. There will only be the really really rich and the very very poor. Seen it happen all over the world. SG will not be an exception. Tell investors to invest in stocks, bonds gold . Stay the hell away from housing.

> 31 May 2023 As long as you DONT RENT any residential properties for your own dwelling Nearly ALL Singaporeans Live on FREE ACCOMMODATIONS FOR ALL THEIR LIVES Most of the Home Owners EVEN MAKE GOOD PROFITS which propelled them to Frog Leap to Higher Value Homes All THANKS to our G Good and Strong HOUSING POLICIES which brilliantly created Millions of PROPERTY MILLIONAIRES in the near time to come .

Shaw lay see says " it would appeals......""... 😂😂😂😂

🧝‍♂️🌸: 🇸🇬🍑💜,But i have seen a lot of adverts in Facebooks and youtubes state that almost 70%-80% are sold. The economic is still very SOLID like nobody in 🇸🇬.👍