Dont be stupid lah. Why dont you pull out a picture of me in OCS and say that i am still serving the army? Wah lau eh..
In 2009, i already changed my stance and view and hunted for a property.
in early 2010, i already bought another investment prperty.
Please read up on the other posts instead of zeroing to one point in time to troll me ok?
Damn it, its already twice i have to say this in a matter of weeks, am i so really popular?
Wahahahahahahah
Note: i am not afraid to be wrong and there are many times, i have admitted and even apologised.
But please at least get your facts right lah....�
ok, i called the cpf and is confirmed that my monthly cpf contribution is not allowed to use.
�
�
walau........mai kong tu tio!!!!!
�
erm... think also got to do with whether above/below 55 or something?�
�
erm... think also got to do with whether above/below 55 or something?�
�
Below 55, must have 50% of Min Sum in the SA + OA combined, only then the remaining can be used for second property.
�
Above 55, must have 100% of Min Sum in SA + OA combined, only then the remaining can be used.
Fully redeemed gd. At least only need to return 2.5% to cpf when u sell ur current ppt.
Good lor, stabilize / stagnate for salary to appreciate b4 next rush to invest.�
�
� �Gahmen wants to stabilise market condition, however some itchy-backside investor would prefer higher than normal due to their high society maintenance, hence to show their atas-ness ( if there is such a word ), honestly i doubt it can be done at their expenses, one hand show developer/s are selling at 2,200psf on caveat, we also know some developer/s give rebates, kickback upon exercise of option to purchaser.
�so some high end condo are worth to consider buying now.
�
p/s: Dun merely look at Caveat lodged with SLA, it's only a reflection on paper, the actual psf is much lower.
�
aiya when you stop the full cash statement... the watches start coming out.....most times article cannot see anything with your hand blocking
�
your ego need to be massaged while others see liao jealous.... so both camps argue lor
�
then become teacher he hit me first type of argument...... pretty sad actually considering both parties is actually much above that name calling level
Hello bro
You like that say its not right leh.....
Every single picture i post shows the article title very clearly and thats the purpose.
The watch is just an ornament but later became a signature.
Oh so dont post watch can lah, ok lor.
MCF really sibei stress
�
yes i agree that agents cannot smoke the smart clients these days
�
i also picked up a new term
�
�it is called 'change of stance'
�
sounds more legit than always being accused of prata�
�
aiya that one over liao lar...
�
concetrate on this weekend game better....
spore property price could defy anything
Attached Thumbnails
Edited by Wt_know, 19 December 2014 - 10:44 AM.
spore property price could defy anything
�
Trust them to put a positive spin on anything.
�
yes i agree that agents cannot smoke the smart clients these days
�
i also picked up a new term
�
�it is called 'change of stance'
�
sounds more legit than always being accused of prata�
wah lau you really got a lot to learn.
People change stance use millions of dollar.
Prata just use spit , pwui pwui.... Left right up down
Plse hor.......NO BASIS for comparison
Muayhahahhahahahah
correct 30%?
$1.25M property drop to $875K ... sounds more like it ...
After running up for at least 60-70% the past few years, a decent correction is at least 30% which i believe thats what the garment is looking for too�
buying a property is never just looking at technical numbers, specs, or past transacted prices.
�
when someone likes the house the moment he steps in, he will buy. Humans are like that. Not rational.�
That depends Donut.
Many investors who do not buy to stay or use, never even view the house. They do buy base on the hard numbers. That takes the heart out of the equation and decision making usually swifter .
Some others look for a feel and combine that with their own studies and factors.
So i wouldnt say "never"
That depends Donut.
Many investors who do not buy to stay or use, never even view the house. They do buy base on the hard numbers. That takes the heart out of the equation and decision making usually swifter .
Some others look for a feel and combine that with their own studies and factors.
So i wouldnt say "never"�
when i was looking at homes with my finacee .. we must have seen at least 10-15 places. she hated most of them ( i was actually fine with some of them, because i knew some were poorly maintained, but i could have used that in my negotiations) ... ultimately, when we walked into our current place, the minute she walked in ... she said she liked the place a lot! (thankfully, she didnt say too loudly for the agent to hear ... haha!) and thats how we bought our first time together. because she said it was the one that she really really liked.
�
(if it was purely for investment, i might have not jumped as quick)
27 years old flat which left with 72 years lease ... now sold at $1.08M ...
how much loan can the next buyer get to buy this unit?
if kena hdb srs will hdb compensate > $1.08M to current buyer/owner?
�
HDB shd just SERS one of these blocks and let the new owner tng kor...see anymore record prices or not.
Sure or not, must be non mcf people
Edited by frenchfly, 23 December 2014 - 04:48 PM.
Sure or not, must be non mcf people
Screenshot_2014-12-23-16-47-13.png
No link leh.. anticipating rise in interest rate encourage buyers purchase ? Thought should be the other way round. Yes they expect cooling measures to be relax that why encourage purchase now (possible).
Edited by Yewheng, 23 December 2014 - 08:22 PM.
�
when i was looking at homes with my finacee .. we must have seen at least 10-15 places. she hated most of them ( i was actually fine with some of them, because i knew some were poorly maintained, but i could have used that in my negotiations) ... ultimately, when we walked into our current place, the minute she walked in ... she said she liked the place a lot! (thankfully, she didnt say too loudly for the agent to hear ... haha!) and thats how we bought our first time together. because she said it was the one that she really really liked.
�
(if it was purely for investment, i might have not jumped as quick)
�
Very different from my experience. We bought the 2nd unit we viewed (not counting new showflats). But we have been monitoring and looking online for a few years already and know pretty much exactly what we want.
�
Very different from my experience. We bought the 2nd unit we viewed (not counting new showflats). But we have been monitoring and looking online for a few years already and know pretty much exactly what we want.
What are MiK and k5?
�
Of course you don't know , lol. Why should u?
�
�
LOL at least i don't claim to be the prophet. LOL As property expert i don't claim to be , but i am staying from financial stand point , this problem has long being highlighted to many FIs , nothing new .
�
Anyone which worked in the credit line more or less can tell you what happens in a full cycle. As.
�
Economist, property expert, financial advisor and philosopher...all in one. Wow
�
Edited by CH_CO, 25 December 2014 - 02:53 PM.
What are MiK and k5?
Korean stuff lah, not for you.
27 years old flat which left with 72 years lease ... now sold at $1.08M ...
how much loan can the next buyer get to buy this unit?
if kena hdb srs will hdb compensate > $1.08M to current buyer/owner?
�
I suspect the person who bought this unit is least worry about loans. He is probably flushed with cash.
�
I suspect the person who bought this unit is least worry about loans. He is probably flushed with cash.
Yes, i have the same thoughts
Its very much like someone who buys an old COE car.
These people got cash to buy and they just want a simple reliable car at really affordable price.
Former gambler, now a single home owner -- at just 30
Posted on 29 December 2014��|��7,434 views��|��4 comments
PHOTO: The Straits Times
Feng Zengkun
The Straits Times Tuesday,
Dec 21, 2014
Earlier this year, I bought my first home all by myself, which surprised everyone I knew. I was 30, living with my parents, working as a journalist and had no girlfriend, not even on the horizon, to apply for a flat with.
When I first heard about The Hillford condominium in Bukit Timah, I was intrigued, and not just because it was marketed as Singapore's first condom- inium for retirees.
Unlike other private properties here with 99-year, 999-year or freehold leases, The Hillford units had just 60-year leases - maybe because retirees are not expected to live that long - and were relatively cheap.
But because the developer did not set an age floor, even young 'uns like myself could ballot for a unit - and many of us seemingly did.
When I went for the ballot, it seemed as though at least half of the people who showed up were around my age or just slightly older.
Buying my first home, as it turned out, was a surprisingly swift and very illuminating process.
From learning about the opportunity to putting down the deposit to securing a bank loan, the whole process took just about two weeks.
In the meantime, my friends and family's reactions to the purchase were... revealing. "Oh, thank goodness," my mother said.
"I was starting to worry about you." I wasn't sure if she was worried about having to share a home with me into her old age, or that I would end up a sad, lonely male version of a spinster (also: isn't it kind of sexist that there's no word for a male spinster?).
My sister's response, after her congratulations, was worse: "You got so rich meh! But you dress like a hobo!"
She later clarified that she meant I had relatively few clothes in my closet.
To be fair, my friends were also surprised that I had saved enough money, and they were not without reason.
Before I started working, I was a financial mess.
When I was doing my national service, the thrill of earning my own money for the first time led me to gamble - heavily - on football to try and multiply my pay.
I ended up owing several thousands of dollars in total to some of my closest friends, which I eventually returned in instalments after I came to my senses.
I had thought my lies about why I needed the money were convincing, or at least plausible.
Apparently not. I cleaned up my act after I returned home from overseas undergraduate studies to start working, but it seemed the general view of my difficulties with money had stuck.
More sobering than that, however, was my own ambivalence about buying the condominium unit. It was exciting - and very satisfying and empowering - to sign the house and bank loan contracts.
Before the chance came up, however, I had always imagined that I would leave Singapore in my 30s, make my mark as a writer in other, more internationally well-known publications such as Esquire or GQ, and eventually shuttle between Singapore and another home country until old age forced me to choose a place to rest my feet.
Nothing about buying a condominium forecloses that future, of course. I can sell the place or rent it out while I'm overseas.
But even the act of signing on the dotted line and contemplating a 25-year- long bank repayment period was enough to make me wonder exactly how realistic my dreams were, and where my place in the world - or even Singapore - was.
What if I didn't earn enough money to pay the bank instalments? What if I couldn't hack it in a larger pond? I still don't have the answers to any of the questions.
Buying a home all by oneself, as it turned out, was a great way to feel incredibly like a grown-up, but also not at all like one.
But it did - or at least it will, come 2017 - give me a place to call my own. And in Singapore, that's a pretty big - 37 sq m big, to be exact - deal.
There was also one response which warmed my heart. A friend, upon hearing that I had bought a shoebox apartment, immediately said:
"But what if you meet someone?"
I hadn't thought of that. But I sure am glad that someone else did.
60 year leasehold?
�
Hard for the second buyer to get a bank loan.
�
I wonder if the writer considered this when buying.
�
Attached Thumbnails
can retire there ma ... since it's a retirement village
30 yrs old + 60 years lease ... enough liao
�
60 year leasehold?
�
Hard for the second buyer to get a bank loan.
�
I wonder if the writer considered this when buying.
�
�
Edited by Wt_know, 29 December 2014 - 10:30 PM.
can retire there ma ... since it's a retirement village
30 yrs old + 60 years lease ... enough liao
�
�
�
Haha�
�
people who bought the 60 year lease old folks home must be crazy.
Moral of the story?.. Still can buy mickey mouse unit.... Hehehe...
Very similar to the hawkers.
to fatten their profits, they give a smaller portion but still charge same price.
Becos if increase price, maybe lose business.
KNN Big boys also used same trick.
First cut the size, then no more freehold, then become 60yr, and the size lagi smaller..
Wah lau eh....
Next move is to cut to 30yrs leasehold and sell for 40% discount and make more profits than selling 60% at full price.
Muayhahaha
Edited by Throttle2, 29 December 2014 - 11:09 PM.
Now commercial properties mostly 30 yrs lease .� But its not the Big Boys who determines� the lease leh ; its the Gov .
�
That said , Far East does have many developments sitting on freehold land but selling the condo with 99 yrs lease though.
The last part his friends mentioned what if he find a gf and he said i never thought of that really sum up his thinking process.
60yr leasehold... haven build already less than my resale unit� .
y peepur go chiong to buy i also no idea.
Jin moodymr khaw never tell that single digit (2014) + single digit (2015) = double digit .... lol
�
Yup, direction still pointing southwards
�
Edited by Wt_know, 30 December 2014 - 02:07 PM.
So now the authority has confirmed that HDB secondary market price will drop less than 10% in 2015 !!!
Mr Khaw said this year, a total of 28,000 BTO have been completed.
Next year, 26,000 will be ready and handover to buyers.
So by early 2016, there will be a total of 54,000 families owning new BTO.
HDB recently said there were only 166 (for first 9 months in 2014) requests from HDB onwers to extend the 6-month deadline to sell their unit after collecting their new BTO keys.
Given the slow secondary transaction volume, and the huge pent up selling pressures from these new BTO owners to sell their existing units, it is interesting to see what the government can do to prevent HDB secondary price to drop less than 10% in 2015.
I would guess that should all media incessant reminders fail to convince buyers to commit, the government will tweak the policy to entice more buyers to charge in secondary HDB market - this has to be implemented latest by mid-2015 if the HDB secondary market remains in the doldrum.
Or could be as early as Feb-2015 budget, together with unprecedented goodies handout in the name of the country's 50th anninversary celebration, before the election is held in perhaps May 2015.
The EC and mass market property however will remain difficult as it is too sensitive to relax any property curbs, while the high end segment will continue to see distressed selling.
http://www.straitsti...eba#xtor=CS1-10
So now the authority has confirmed that HDB secondary market price will drop less than 10% in 2015 !!!
Mr Khaw said this year, a total of 28,000 BTO have been completed.
Next year, 26,000 will be ready and handover to buyers.
So by early 2016, there will be a total of 54,000 families owning new BTO.
HDB recently said there were only 166 (for first 9 months in 2014) requests from HDB onwers to extend the 6-month deadline to sell their unit after collecting their new BTO keys.
Given the slow secondary transaction volume, and the huge pent up selling pressures from these new BTO owners to sell their existing units, it is interesting to see what the government can do to prevent HDB secondary price to drop less than 10% in 2015.
I would guess that should all media incessant reminders fail to convince buyers to commit, the government will tweak the policy to entice more buyers to charge in secondary HDB market - this has to be implemented latest by mid-2015 if the HDB secondary market remains in the doldrum.
Or could be as early as Feb-2015 budget, together with unprecedented goodies handout in the name of the country's 50th anninversary celebration, before the election is held in perhaps May 2015.
The EC and mass market property however will remain difficult as it is too sensitive to relax any property curbs, while the high end segment will continue to see distressed selling.
Ur link on gst rebate what does that got to do with property price??
Gradual lowering of prices, is desired by gov as anybsubstantial drop could send things on an uncontrollable spiral ( fear factor). So the single digit drop over two years to make up double digit is acceptable considering the fact that price went up fast and furious over the last few years.
It's his target. So if exceed 10% he fail his kpi.
I remember hearing one old property agent told me once that when gahmen try to stop the price from dropping.. It will just keep dropping.
just saw the news .... the simi analyst still talk big to hold the market saying spore economy sibei solid ... there is still demand for porperty ... although price is dropping, it will stablise and even inch up when supply slowdown especially in 2015 will have less launches
�
Hoping that some suckers will bite the bait... every ANALyst will talk until got dragon got tiger...
just saw the news .... the simi analyst still talk big to hold the market saying spore economy sibei solid ... there is still demand for porperty ... although price is dropping, it will stablise and even inch up when supply slowdown especially in 2015 will have less launches
Yikes!Attached Thumbnails
Attached Thumbnails
i rike to rook at sentiment as a turning pt clues for assets.
�
2-3yrs ago i was posting in mcf abt oversupply etc, n kena attacked left right by alot of pple... this was extreme bullishness which to me was peakish n a warning.
�
now, almost everyone is bearish save for some supposed prop agents in this forum lol... this means its getting to or already at peak bearishness.. in other words prices are forming a bottom now onwards n now till +1-2yrs is good time to buy. To buy now, if u can get -15 to -25% from peak prices for a project is good long hold.
�
im not taking into consideration analyst views, instead retail buyers like u n me are v impt coz we r d ultimate end buyers of resi, not a small bunch of analysts.
i rike to rook at sentiment as a turning pt clues for assets.
�
2-3yrs ago i was posting in mcf abt oversupply etc, n kena attacked left right by alot of pple... this was extreme bullishness which to me was peakish n a warning.
�
now, almost everyone is bearish save for some supposed prop agents in this forum lol... this means its getting to or already at peak bearishness.. in other words prices are forming a bottom now onwards n now till +1-2yrs is good time to buy. To buy now, if u can get -15 to -25% from peak prices for a project is good long hold.
�
im not taking into consideration analyst views, instead retail buyers like u n me are v impt coz we r d ultimate end buyers of resi, not a small bunch of analysts.
Bro, peak bearishness not yet for sure.
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Thứ Sáu, 23 tháng 12, 2016
Private property prices... Up or Down? part 4
17 December 2014 - 09:57 PM
CH_CO 
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