4 ms·

Difficulty in owning a house in singapore is pretty similar to other developed countries. Like in HK, they have HDB (Housing Development Board) flats, which are

Difficulty in owning a house in singapore is pretty similar to other developed countries. Like in HK, they have HDB (Housing Development Board) flats, which are government-subsidized housing, the median price is around S$500,000 (approximately $372,000 in USD). Only citizens and PRs can buy with subsidies for first time home owner. I would say around 60-80% singaporeans live on HDB housing.

alephnerd 3y ago
I said a house, not a HDB flat. A detached house in SG goes for millions of USD [0] on top of having PR and Citizenship requirements. This is because they are Freeholds (aka if you buy the property, you also own the land underneath). HDB flats are also leaseholds (aka 99 year leases). My ex's family HDB was screwed after the govt began the whole Jurong East expansion there a couple years ago. Unsurprisingly her family voted Workers Party before switching to the PSP. [0] - https://www.propertyguru.com.sg/property-for-sale?market=residential&listing_type=sale&property_type=L&property_type_code[]=TERRA&property_type_code[]=DETAC&property_type_code[]=SEMI&property_type_code[]=CORN&property_type_code[]=LBUNG&property_type_code[]=BUNG&property_type_code[]=SHOPH&property_type_code[]=RLAND&property_type_code[]=TOWN&property_type_code[]=CON&property_type_code[]=LCLUS&search=true https://www.propertyguru.com.sg/property-for-sale?market=res...
- puppymaster 3y ago
  not sure what you mean by screwed as some of my team members are HDB owners and we are not aware of any fiasco reg. Jurong expansion. Anyway just want to provide additional context that housing is not for millionaires only in Singapore. Of course we can argue about the semantic of flat and house til the cows come home.
  - alephnerd 3y ago
    Yes, and I said a HOUSE in my comment. I asked if the guy's friend has a HOUSE, not a flat. I said HOUSE ownership, not HOME ownership. Ay ya.

alephnerd 3y ago

I said a house, not a HDB flat. A detached house in SG goes for millions of USD [0] on top of having PR and Citizenship requirements. This is because they are Freeholds (aka if you buy the property, you also own the land underneath). HDB flats are also leaseholds (aka 99 year leases). My ex's family HDB was screwed after the govt began the whole Jurong East expansion there a couple years ago. Unsurprisingly her family voted Workers Party before switching to the PSP. [0] - https://www.propertyguru.com.sg/property-for-sale?market=residential&listing_type=sale&property_type=L&property_type_code[]=TERRA&property_type_code[]=DETAC&property_type_code[]=SEMI&property_type_code[]=CORN&property_type_code[]=LBUNG&property_type_code[]=BUNG&property_type_code[]=SHOPH&property_type_code[]=RLAND&property_type_code[]=TOWN&property_type_code[]=CON&property_type_code[]=LCLUS&search=true https://www.propertyguru.com.sg/property-for-sale?market=res...

puppymaster 3y ago
not sure what you mean by screwed as some of my team members are HDB owners and we are not aware of any fiasco reg. Jurong expansion. Anyway just want to provide additional context that housing is not for millionaires only in Singapore. Of course we can argue about the semantic of flat and house til the cows come home.
- alephnerd 3y ago
  Yes, and I said a HOUSE in my comment. I asked if the guy's friend has a HOUSE, not a flat. I said HOUSE ownership, not HOME ownership. Ay ya.