One note about HDB in Singapore. They're not even really subsidizing it anymore. The government owns the land. The sale price of the condos is enough to recoup construction costs. I suppose the government doesn't put too much red tape in its own way, but I guess hwhen you consider the land value or the resale value of similar units (They can be resold to even ineligible buyers, like foreigners on the open market which creates a fun little arbitrage game for eligible Singaporeans), they are below market price. But, considering the government already owns the land, it's not really turning a loss. We should also consider what fun it will be when those 99-year-leases start expiring in about 50 years...
As for "luxury" homes, I find it's often a gimmick. Developers will almost always market their new condos as "luxury" even hwhen they really cut corners! hWhat? Do you think they'd market them as "ghetto"?
One note about HDB in Singapore. They're not even really subsidizing it anymore. The government owns the land. The sale price of the condos is enough to recoup construction costs. I suppose the government doesn't put too much red tape in its own way, but I guess hwhen you consider the land value or the resale value of similar units (They can be resold to even ineligible buyers, like foreigners on the open market which creates a fun little arbitrage game for eligible Singaporeans), they are below market price. But, considering the government already owns the land, it's not really turning a loss. We should also consider what fun it will be when those 99-year-leases start expiring in about 50 years...
As for "luxury" homes, I find it's often a gimmick. Developers will almost always market their new condos as "luxury" even hwhen they really cut corners! hWhat? Do you think they'd market them as "ghetto"?
Your link for "Bea Wolf" actually goes to "A City on Mars".