facebookIs Public Housing still affordable? What can be changed to effectively cool the resale market? - Seedly

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Justin

Content Strategist at Seedly

12 Oct 2022

Property

Is Public Housing still affordable? What can be changed to effectively cool the resale market?

https://blog.seedly.sg/whats-driving-up-singapo...

Discussion (4)

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Maybe a special escalating tax on those who resell their HDB at a certain % increase from the initial purchase price (i.e. the higher it is sold, the more tax % either seller or both buyer and seller has to pay - i.e. a direct penalty of profiteering from HDB/offering at high prices)?

There appears to be, sadly, that there must be some uncomfortable/unpleasant ways that inconvenient most if not all people in order for the need to understand that the value of HDB doesn't appreciate w its decreasing lease years... also for future generations.

Not so sure if govt will really intervene strongly because if u think abt it, they are land owner and want land to appreciate (i.e. asset to grow in value).

Was there an article or blog comparing property price to workers' salaries?

how many years it takes to save up to afford a HDB then and now. even before the covid and inflation, i have this feeling that average (not median) workers salary hardly kept up with inflation, let alone property prices.

with all these high prices, i can understand why younger generation refuse to settle for low paying jobs. they simply cannot afford to!

Yeap Ming Feng

13 Oct 2022

Head of Seedly at Seedly

How timely.

Came across this article today: https://www.businesstimes.com.sg/government-eco......

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