That's a tidy profit! Still more affordable than Singapore's housing.malcontent wrote: ↑Fri, 25 Oct 2024 8:18 amWell written article. I agree that the humble HDB has a certain nostalgic quality that I didn’t appreciate when I first moved to Singapore in 1996.
My only counter point… I have never thought of HDB as being one of the best value for money forms of housing (public or otherwise) in the world. HDB is far more affordable than private housing here in Singapore, but cross the border to Malaysia and you’ll find far better value for money.
Even in developed countries like the USA, you can find excellent value for money. I bought a house in the Midwest where my brother lived for the last 15 years — I paid just USD 38k in 2007 and sold it last year for USD 112k. This was a small 650sqft, 2 bedroom home with a one car garage, but was in a great location — safe neighborhood, 10 min walk to a major shopping, commercial and public transit, 3 min drive to a major, 2-story shopping mall, 2 min drive to the expressway, huge variety of dining, not just American, but also good Chinese, Indian and even Middle Eastern options, and an Asian grocery store within 3 mins drive.
I have seen a bit of the public housing in malaysia. It's generally not very good quality.malcontent wrote: ↑Fri, 25 Oct 2024 8:18 amWell written article. I agree that the humble HDB has a certain nostalgic quality that I didn’t appreciate when I first moved to Singapore in 1996.
My only counter point… I have never thought of HDB as being one of the best value for money forms of housing (public or otherwise) in the world. HDB is far more affordable than private housing here in Singapore, but cross the border to Malaysia and you’ll find far better value for money.
Even in developed countries like the USA, you can find excellent value for money. I bought a house in the Midwest where my brother lived for the last 15 years — I paid just USD 38k in 2007 and sold it last year for USD 112k. This was a small 650sqft, 2 bedroom home with a one car garage, but was in a great location — safe neighborhood, 10 min walk to a major shopping, commercial and public transit, 3 min drive to a major, 2-story shopping mall, 2 min drive to the expressway, huge variety of dining, not just American, but also good Chinese, Indian and even Middle Eastern options, and an Asian grocery store within 3 mins drive.
We put $18k into the house, so total $56k invested. After sales commissions it was $102k net before taxes… that’s only 4% per annum over 15 years. After taxes it was 3.5%.abbby wrote: ↑Fri, 25 Oct 2024 10:26 amThat's a tidy profit! Still more affordable than Singapore's housing.malcontent wrote: ↑Fri, 25 Oct 2024 8:18 amWell written article. I agree that the humble HDB has a certain nostalgic quality that I didn’t appreciate when I first moved to Singapore in 1996.
My only counter point… I have never thought of HDB as being one of the best value for money forms of housing (public or otherwise) in the world. HDB is far more affordable than private housing here in Singapore, but cross the border to Malaysia and you’ll find far better value for money.
Even in developed countries like the USA, you can find excellent value for money. I bought a house in the Midwest where my brother lived for the last 15 years — I paid just USD 38k in 2007 and sold it last year for USD 112k. This was a small 650sqft, 2 bedroom home with a one car garage, but was in a great location — safe neighborhood, 10 min walk to a major shopping, commercial and public transit, 3 min drive to a major, 2-story shopping mall, 2 min drive to the expressway, huge variety of dining, not just American, but also good Chinese, Indian and even Middle Eastern options, and an Asian grocery store within 3 mins drive.
Yep, I’ve been inside a government housing unit in KL before… it was a little shocking to say the least.smoulder wrote: ↑Fri, 25 Oct 2024 2:46 pmI have seen a bit of the public housing in malaysia. It's generally not very good quality.malcontent wrote: ↑Fri, 25 Oct 2024 8:18 amWell written article. I agree that the humble HDB has a certain nostalgic quality that I didn’t appreciate when I first moved to Singapore in 1996.
My only counter point… I have never thought of HDB as being one of the best value for money forms of housing (public or otherwise) in the world. HDB is far more affordable than private housing here in Singapore, but cross the border to Malaysia and you’ll find far better value for money.
Even in developed countries like the USA, you can find excellent value for money. I bought a house in the Midwest where my brother lived for the last 15 years — I paid just USD 38k in 2007 and sold it last year for USD 112k. This was a small 650sqft, 2 bedroom home with a one car garage, but was in a great location — safe neighborhood, 10 min walk to a major shopping, commercial and public transit, 3 min drive to a major, 2-story shopping mall, 2 min drive to the expressway, huge variety of dining, not just American, but also good Chinese, Indian and even Middle Eastern options, and an Asian grocery store within 3 mins drive.
Similarly, comparing property of any kind in the US outside of the big cities is an unfair comparison. The US is just thousands of square miles of land and property can be had at very affordable prices.
There was an article in the news not long ago about those disappearing. Kinda sad but I can understand the younger generation doesn't want to run such shops. However, we still have plenty of junk shops downstairs for household stuff and Ang Mo Supermarket which is cheap with good variety.
These stores have been in Singapore for about four years now (Cheers). However, similar to Amazon Go stores, not all of them have been able to stay open (I think over half of the Amazon stores have closed).malcontent wrote: ↑Sat, 26 Oct 2024 2:16 pmSingapore should consider the Amazon Go concept.
I’ve bought stuff at these cashier-less convenience stores in the U.S., and it’s pretty slick… tap your payment card to get into the store, take whatever you want, and then just walk out (like you stole it). The computers keep track of it and charge you accordingly.
But... half the point of going shopping in the neighbourhood is to chit chat with the shopkeepersmalcontent wrote: ↑Sat, 26 Oct 2024 2:16 pmSingapore should consider the Amazon Go concept.
I’ve bought stuff at these cashier-less convenience stores in the U.S., and it’s pretty slick… tap your payment card to get into the store, take whatever you want, and then just walk out (like you stole it). The computers keep track of it and charge you accordingly.
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