4 ms·
In Singapore HDB flats are still being used for investment and my generation (30s) and younger are still feeling the pinch. IMO there’s (at least) one part mis
by andreareina 4y ago
In Singapore HDB flats are still being used for investment and my generation (30s) and younger are still feeling the pinch. IMO there’s (at least) one part missing to the BTO sauce: you got a government subsidy, you don’t get to sell on the open market. I don’t know what the alternative is, whether it’s selling back to the government (adjusted for inflation and depreciation somehow) or what, but currently there’s a significant cash transfer from the government to people who won the BTO ballot lottery, just ten years later.
- philliphaydon 4y agoYeah it's not a bullet proof system but I think it still works relatively well. If I understand correctly if you own a HDB, you can buy a Condo? But if you have a Condo you cannot buy an HDB? And then in some scenarios you must pick which one you will keep. Since I'm not Singaporean I'm not well versed in the ins and outs of the system but I do think on the surface its much better than most other countries.
- andreareina 4y agoI think that’s right. I’m in the same boat but it’s hard to talk to anyone my age and not get an earful about the housing situation haha. Definitely better than other places I’ve seen, agreed.