HDB ..... an asset?

[FastFastCar]

  On 3/10/2012 at 12:03 PM, JJ_JJ said:

If thats what you meant, then HDB is 10000x NOT an asset, contractul wise, HDB "owners" are just "leasee" to the HDB; it is classified as a capital asset of the country.

 

The country is the owner, we can never be.

99 leasehold private properties also the same what

[LoverofCar]

  On 3/10/2012 at 10:08 AM, Bystander50 said:

HDB owners do not even get a title deed, so how to consider it as an asset in the first place.

Are you sure? I had the original title deed in my drawer now...I had paid fully..

[Meanmachine]

If one is still a lessee, it's not an asset, but if your loan is fully paid-up, it will be an asset.

 

L99 hdb flat is comparable to L99 condo, except no facility & no guard to salute U.

 

we have seen landed pty owner/s who sell off landed pty and buy resale hdb flat, after all they are retired and cannot maintain big house anymore.

They rather save $$$ on medical and survive by home cooked meal. Shop in JB for daily necessity / groceries.

 

R we rich up in the mind or poor in the pocket ? Tis is very disturbing living in Sp.

[Scb11980]

  On 3/10/2012 at 12:02 PM, FastFastCar said:

Who sabbie, so what have you return to society? By posting in Mcf?

i cum back to haunt Sabbie

[JJ_JJ]

  On 3/10/2012 at 12:05 PM, FastFastCar said:

99 leasehold private properties also the same what

 

 

I ever consulted a property agent about this. HDB is considered a Concessional Property, and thats why.

[FastFastCar]

  On 3/10/2012 at 12:36 PM, JJ_JJ said:

I ever consulted a property agent about this. HDB is considered a Concessional Property, and thats why.

yup so no 5th charge

[Shinigaimi]

Not an asset also good.

 

Cause if you are bankrupt.. No bank can force sell ur place unless it is a housing loan.

[Without_a_car]

But if the state doesn't sell you on the idea that your flat is an asset, would people pay ever increasing prices for a pile of bricks with 99 lease?

[D3badge]

  On 3/10/2012 at 7:22 AM, Scb11980 said:

Today, a group of us got treated to lunch by a banker

 

wthe topic of HDB came up

government keep hantam us about HDB being an asset

 

how come HDB cannot be used as a collateral for anything

 

anybody can explain

 

 

 

40-50years ago i can understand

 

but today, many HDBee owners are very rich, some even own many district 10 properties

that was before the new rule kick in

 

confused

 

the main reason is because in bankruptcy no creditor can claim control on HDB, because of this protection law, thus how can use HDB for collateral?

[D3badge]

 

BTW just curious how come ur "banker" got no answer for you............

Edited March 11, 2012 by D3badge

[FastFastCar]

  On 3/11/2012 at 3:22 AM, D3badge said:

BTW just curious how come ur "banker" got no answer for you............

 

His private banker only do private property, don't know much about HDB.

[Kiadaw]

I have a lot of asserts.

 

My eyes are still good & I reckon worth at least 100,000 in the market each.

 

So are my kidneys. My heart also not bad.

 

See I have many asserts too. If I decided to sell them, I will be rich.

Edited March 11, 2012 by Kiadaw

[Throttle2]

only if you sell it

[Scb11980]

  On 3/11/2012 at 3:22 AM, D3badge said:

BTW just curious how come ur "banker" got no answer for you............

there is a politician within our mist

[Scb11980]

what i am saying is

 

if HDB according is an asset

 

an asset should be also be used to make more money

 

but since it cannot be used as a collateral for borrowing money from a bank

 

apart from providing a roof over one's head

where is the asset

 

in reality it is a liability because thought you stay in

but every month

money going out

and nothing coming in

[SINCarLover]

Yes, HDB is a fixed asset BUT with a lifespan of only 99 years and sold at HIGH price...

The most it can passed on to one more generation unlike any neighboring countries...

Sad to say that...

[Singaporeclubau]

  On 3/11/2012 at 2:10 PM, Scb11980 said:

what i am saying is

 

if HDB according is an asset

 

an asset should be also be used to make more money

 

but since it cannot be used as a collateral for borrowing money from a bank

 

apart from providing a roof over one's head

where is the asset

 

in reality it is a liability because thought you stay in

but every month

money going out

and nothing coming in

 

haha you want $$$ come in using hdb also can .. learn from FT .. rent out room to FT and advertise on facebook :)

 

[Jrage]

Everything can be a asset or an liability .

It really depends on how you manage it.

And "play" with it according to its terms...

You can sit here and lament over the fact that you dont have the title deed to the pty or that you cannot re-mortgage the hdb.

 

But did you realised that hdb is one of the cheapest pty to own and rent out?

The mthly expenses for hdb is the lowest accross all pty assets , in relative to its rental yield.

Pays one of the lowest pty tax. However, you need to play by it's rules and restriction e.g. MOP, closed mortgage etc.