BTO flat prices have stabilised: Khaw Boon Wan
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By Hetty Musfirah | Posted: 16 November 2012 1445 hrs
SINGAPORE: National Development Minister Khaw Boon Wan said the prices of Build-To-Order (BTO) flats have largely stabilised since May last year.
In parliament on Friday, he said the overall BTO prices have increased by 12 per cent since January 2009.
This is despite a larger 34 per cent increase in the HDB Resale Price Index (RPI) over the same period.
Mr Khaw said when pricing HDB flats, buyers' affordability is fully considered.
He assured that BTO flats remain affordable, with first-timers buying flats in non-mature estates using about 23 per cent of their monthly income to pay for their housing loans.
Giving examples, he said a four room flat in Sengkang can range from S$250,000 to S$310,000, while a five-room flat ranges from S$320,000 to S$385,000.
"Of course people would want even cheaper (flats), but looking at it from a situation that we are facing today, I find these figures very reasonable," said Mr Khaw.
"So that is what we have been trying to do in the last few months, trying to stabilise these BTO prices, but over time, I hope that the resale pricing will become more moderate and then we can adjust our prices again."
- CNA/xq -
only Sengkang is "cheap"?
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of course to khaw BTO flats are affordable. first: his monthly income is over 10k, second: he's the hdb mastermind...
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i thought more than 100k monthly? Only nationalwide protests stop the cheng hu fm paying themselves what they ought to b paid.
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Stabilize means increase at a smaller rate compared to last few years.
But nevertheless, still increasing.
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You can only saystablised if the price remains stable for at least two to three years! Good Lord ....this called stablised MEH? Jokers!
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Originally posted by Bikeforceful:
You can only saystablised if the price remains stable for at least two to three years! Good Lord ….this called stablised MEH? Jokers!
First day living in sg?
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Got money buy HDB, no money for babies.
Govt want us have HDB or babies ? BOTH are LONG TERM expenses.
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St read the last para on sat. He think not enough credit given to his ministry. Well, well. Since he think he is so good, y dun apply to be pm. Then, u can get all the credit. Unlimited credit..
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Originally posted by charlize:
First day living in sg?
No, but didn't know got so many jokers around! -
Originally posted by Bikeforceful:
No, but didn't know got so many jokers around!Sg is a fun city.
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I think when they increase population next few years, prices will rise by another 10-20%.
They already said they looking at 6 million population.
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BTO prices should all be the same for the same category of flats, e.g. all 4-room flats should cost the same regardless of estates. since there's a limitations on the supply, there should nt have movement in prices regardless of demand. isnt it the goal for govt to ensure sporean family have a house to stay? they should ramp up the supply of flats instead of using high pricing methods to keep demand down.. sianz..of this pap govt.
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"I tell u ah, kopi cheap cheap, HDB also cheap cheap. Now is 'you pi you chee, you tua liap ni'."
Hui ge talking... u all believe???
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??
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KBW that day not present, so Henry Thia helped him out as double in the parliment...
so this report does not make sense
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when was he enlisted to MND?
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Huat ah
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i tot sg population not increasing? so why still build so many flats? that;'s the reason why we need so many foreign labor crowding our island? and the flats prices keep increasing, so our people can buy rent out to foreigners again and then sell and then buy and the circle loops on people forever in debt?
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Originally posted by charlize:
Sg is a fun city.
cartoon more like it. with cartoon ministers. -
Originally posted by ^Acid^ aka s|aO^eH~:
"I tell u ah, kopi cheap cheap, HDB also cheap cheap. Now is 'you pi you chee, you tua liap ni'."
Hui ge talking... u all believe???
yes
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Originally posted by Clivebenss:
only Sengkang is "cheap"?
Sengkang damn expensive.
Half a million for a unit these days.
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ther can ride horse mah