Let's see who can tong the longest, developer? Seller? or buyer?
�
hmm... I believe that it is because of developer many years of reckless jacking up the bidding because of fierce competition from competitors that cause part of it. Now complaint also no use. It's their fault to bid so high in the 1st place. That is lack of foresight when the obvious is so big in front of them but they choose to ignore it. When more bad economic indicators keep coming, see whether they still keep to the same stance not? Good luck man.
�
the developer is not entirely fault
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1. govt did not step in fast enough. cheap money is flowing like open tap water. buyer is gun with cheap money. $1M mickey mouse condo is sup sup water. if developer do not bid for land and project, they will lose market share, lose business, lose profit.
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2. who know when govt will step in and impose CM ... total 12 CMs ...
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3. taking risk is part of business. no risk no gain. if a business is afraid to take risk, they cannot succeed. i'm sure they already factor in the risk. they are doing all they can to minimise loss.
�
4. some developers may seem over-gearing but i don't see the same over-gearing like china market. china developer is to build for the sake of building (or i should say for the sake of makan money - ghost town).� so do not expect spore property developer will collapse like the china developer.
�
nonetheless, i agree that the situation will get worst before it get better
consolidation is good ... weak and non performing developer can go bust or exit the market
price need to return to a sustainable level where people can pay with their "real" income not "cheap" money
�
Let's see who can tong the longest, developer? Seller? or buyer?
�
hmm... I believe that it is because of developer many years of reckless jacking up the bidding because of fierce competition from competitors that cause part of it. Now complaint also no use. It's their fault to bid so high in the 1st place. That is lack of foresight when the obvious is so big in front of them but they choose to ignore it. When more bad economic indicators keep coming, see whether they still keep to the same stance not? Good luck man.
�
Edited by Wt_know, 24 March 2015 - 07:26 AM.
�
Si beh TL !�
http://schiffgold.co..._campaign=guest
This is a detail analysis on USA is in worst shape then ever. Those analysis that appear on TV on news etc all that only give surface answer based on unemployment rate are just very clueless. This also applies to singapore side here. Do we have very clueless analysis, experts etc appear on TV, newspaper, magazines keep say something on the surface but never look deep into details? So well.. Life is getting tougher for middle and lower income for at least next few years ahead.
Hope our leaders to be constantly reminded that please don't look issues on the surface and react to it. Must look deep and take necessary actions. If react to situations on the surface, it may temporarily resolve the issue but not in the long run that maybe far worst off by then.
Edited by Yewheng, 25 March 2015 - 05:55 AM.
Off track abit.
http://schiffgold.co..._campaign=guest
This is a detail analysis on USA is in worst shape then ever. Those analysis that appear on TV on news etc all that only give surface answer based on unemployment rate are just very clueless. This also applies to singapore side here. Do we have very clueless analysis, experts etc appear on TV, newspaper, magazines keep say something on the surface but never look deep into details? So well.. Life is getting tougher for middle and lower income for at least next few years ahead.
Hope our leaders to be constantly reminded that please don't look issues on the surface and react to it. Must look deep and take necessary actions. If react to situations on the surface, it may temporarily resolve the issue but not in the long run that maybe far worst off by then.
Are you the chief economist of a bulge bracket firm?
Are you the chief economist of a bulge bracket firm?
Unfortunately not. Lol. Just felt that top few decisions makers are the one that will affect the whole country and the world. And we need leaders to be able to make good decisions and hope some top management or even leaders to see the post to reflect And also be constantly reminded that their decisions will greatly affect how the country progress.
Off track abit.
http://schiffgold.co..._campaign=guest
This is a detail analysis on USA is in worst shape then ever. Those analysis that appear on TV on news etc all that only give surface answer based on unemployment rate are just very clueless. This also applies to singapore side here. Do we have very clueless analysis, experts etc appear on TV, newspaper, magazines keep say something on the surface but never look deep into details? So well.. Life is getting tougher for middle and lower income for at least next few years ahead.
Hope our leaders to be constantly reminded that please don't look issues on the surface and react to it. Must look deep and take necessary actions. If react to situations on the surface, it may temporarily resolve the issue but not in the long run that maybe far worst off by then.
People who trade/sell gold usually have a doomsday outlook/forecast
Election coming, loosen up a bit is possible.
�
It should be the opposite, 4% down in one whole year is nothing to shout about. Remove CM = loose voters
mnd kobiwan already declared great success in moderating hdb price
Edited by Wt_know, 27 March 2015 - 06:56 PM.
Drop 4% only meh? Our resident property T2 say more more than that?
�
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Prices of private residential property dropped 4.0 percent for the whole of 2014, revealed flash estimates of the URA price index.
http://www.propertyg...l-4-in-2014-ura
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I cheat you not.
i sense highly possible remove CMs
mnd kobiwan already declared great success in moderating hdb price
�
LOL we ppl got eyes to see for ourselves
Relying on stats especially skewed ones, will lead you to wrong decisions.
By now, we must already know that the private property sector cannot be read as one. Within, there lie several segments which, while moving in general tandem, does not represent a complete picture.
fully agreed ... but news propaganda sibei lethal one hor
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newspaper big big word developer cry papa cry mama like the world is coming to an end ... no foreign buyers ... spore will lose
newspaper big big word that mnd had successfully bring down hdb price to pre 2010/2011
newspaper big big word that property is very cheap now ... must buy before it goes up again
�
lol
�
We need to understand one simple thing.
Relying on stats especially skewed ones, will lead you to wrong decisions.
By now, we must already know that the private property sector cannot be read as one. Within, there lie several segments which, while moving in general tandem, does not represent a complete picture.
�
fully agreed ... but news propaganda sibei lethal one hor
�
newspaper big big word developer cry papa cry mama like the world is coming to an end ... no foreign buyers ... spore will lose
newspaper big big word that mnd had successfully bring down hdb price to pre 2010/2011
newspaper big big word that property is very cheap now ... must buy before it goes up again
�
loli
�
�
Lethal, thats why there are big losers.
When the market is in an uptrend , even a fool can make money.
Now that it is at the beginning of a downtrend, its very difficult.
The real skill is to catch the end of each trend to do the opposite if not you will have to sit through the whole period of the market against you.
Elementary isnt it, Watson?
Drop 4% only meh? Our resident property T2 say more more than that?
The properties t2 are interested in are not for mere mortals
�
The big decline in property prices is yet to come and it should be very soon as apart from increasing interest rates, the decline in rents in gathering pace rapidly.
�
Rents for some places even in very rentable locations have declined 20% and a large part of this decline took place in the past 4-8 weeks. Rents are going back to the lowest levels since the property boom started in 2006. I am talking about personal experience. It used to take 4 weeks maximum to rent out with the worst being 6 weeks during the financial crisis for one of my apts. It has been 10 weeks and still looking despite a 20% lower rent being sought compared to 2 years ago.
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So the domino effect on property prices should be coming in a bigger way very soon.
�
Rental already started to come down last year. I was talking to my neighbour last year when he came over to hand over the the unit to tenant and he told me he cant even cover his installment fully when he rent out his unit $2k. Deep down I was thinking agent and the developer must be giving you false impression that you can rent out your one bedder at at least 2.5k and fall for it. Just for info this is a condo in D19.
D19... The Minton ah?
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Rental already started to come down last year. I was talking to my neighbour last year when he came over to hand over the the unit to tenant and he told me he cant even cover his installment fully when he rent out his unit $2k. Deep down I was thinking agent and the developer must be giving you false impression that you can rent out your one bedder at at least 2.5k and fall for it. Just for info this is a condo in D19.
�
D19... The Minton ah?
�
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Haha I am not going to say which condo but good guess.
http://www.propertyg...is-year-say-rep
Condo prices fall at slower pace-
http://www.propertyg...at-slower-pace-
Spore property remains a strong long term play-
http://www.propertyg...long-term-play-
Developers show strong interest for Little India site-
http://www.propertyg...-little-india-s
Home prices may spike with rail corridor development-
http://www.propertyg...ridor-developme
Amber Skye condo relaunched, priced up to $2500 psf-
http://www.propertyg...up-to-2-500-psf
https://sg.finance.y...-150442602.html
Swanky apartments register significant losses at auctions-
https://sg.finance.y...15--sector.html
MuayhahahaahahahrahhahahahahahahahGovt may review cooling measures this year-
http://www.propertyg...is-year-say-rep
Condo prices fall at slower pace-
http://www.propertyg...at-slower-pace-
Spore property remains a strong long term play-
http://www.propertyg...long-term-play-
Developers show strong interest for Little India site-
http://www.propertyg...-little-india-s
Home prices may spike with rail corridor development-
http://www.propertyg...ridor-developme
Amber Skye condo relaunched, priced up to $2500 psf-
http://www.propertyg...up-to-2-500-psf
Propertyguru articles are ALL biased one lah..
All try to talk up the market.
Very bad say not so bad
Not so bad say not bad
Not bad say good
Good say very good
Very good say excellent....
Got better one or not?
Wahahahahahahahahahahahahahahahahaha
Edited by Throttle2, 01 April 2015 - 12:52 AM.
https://sg.finance.y...-150442602.html
�
By looking at this article, the interest rate at the highest point is during economic crisis and in year 1889 and 1997 is as high as close to 8%.
So I believe the coming economic crisis can also expect it to be as high as 8% or even higher. Whether it is just for a very short period of spike or slightly longer very high interest rate will not know. But surely the interest rate will go up to at least 4 to 5% and way above.
�
Govt may review cooling measures this year-
http://www.propertyg...is-year-say-rep
Condo prices fall at slower pace-
http://www.propertyg...at-slower-pace-
Spore property remains a strong long term play-
http://www.propertyg...long-term-play-
Developers show strong interest for Little India site-
http://www.propertyg...-little-india-s
Home prices may spike with rail corridor development-
http://www.propertyg...ridor-developme
Amber Skye condo relaunched, priced up to $2500 psf-
http://www.propertyg...up-to-2-500-psf
�
Amber Skye, freehold and very near to future MRT station. 2 good selling point, but for me it is too close, and situated at T-junction, for those who believe in fengshui will not feel comfortable.�
�
It claimed to have unblocked city and sea view.�Design a bit pattern, got curve and wave haha.�
too near MRT station means highly likely "investment" property
day in day out you see FT ... prc, indian, pinoy, amtk, etc
�
Amber Skye, freehold and very near to future MRT station. 2 good selling point, but for me it is too close, and situated at T-junction, for those who believe in fengshui will not feel comfortable.�
�
It claimed to have unblocked city and sea view.�Design a bit pattern, got curve and wave haha.�
�
Edited by Wt_know, 01 April 2015 - 08:44 AM.
Last time 2 bedder was 800 to 1000sft
Nowadays how big is two bedder?
�
I think nowadays 1000sqft is 3 or 4 bedders.
10 yrs later maybe 1000sqft will be ard 6bedders
�
:)
Last time 2 bedder was 800 to 1000sft
Nowadays how big is two bedder?
Attached Thumbnails
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I think nowadays 1000sqft is 3 or 4 bedders.
10 yrs later maybe 1000sqft will be ard 6bedders
�
:)
Yup and that is exactly my point.
These fellas are selling studios renamed as 2bedders to goons who fork out way too much on a psf basis.
Say a 1kg cake cost $100 and most people buy 1kg cakes
Then suddenly they make 500g cakes and sell them for $75
Becos $75 is less than $100, it feels cheaper.
But you simply cannot feed the same number of people with the 500g cake.
Next they will cut the 500g to 300g and sell it for $60.
Getting cheaper isnt it. Wow.
But no longer can meet the requirements
700sqft may be has not minus balcony and aircon ledge hor ... muahahaha
�
Last time 2 bedder was 800 to 1000sft
Nowadays how big is two bedder?�
�
which one you bought?
�
which one you bought?
Sold already. Bought in 2010. 1000sft two bedder in D9
Sold already. Bought in 2010. 1000sft two bedder in D9
So big?
Wow...... now 2bedders with balcony with 2 toilets with this with that .... only 600-700sqft..... ha ha ha
Being sarcastic here... :)
850-900sqft ... is considered 3br DELUXE liao ... muahahahahaha
�
So big?
Wow...... now 2bedders with balcony with 2 toilets with this with that .... only 600-700sqft..... ha ha ha
Being sarcastic here... :)
�
Edited by Wt_know, 01 April 2015 - 07:23 PM.
So big?
Wow...... now 2bedders with balcony with 2 toilets with this with that .... only 600-700sqft..... ha ha ha
Being sarcastic here... :)
Thats why i say its ridiculous.
Last time i bot a 685sft studio in D9 and i was grumbling about the size already.
2 bedder 700sft is damn cramp, man.
Bascally put a bed in the room and you have no space left to walk.
200sqft per room.
Woohoo..... sure sart!
https://sg.finance.y...-150442602.html
�
By looking at this article, the interest rate at the highest point is during economic crisis and in year 1889 and 1997 is as high as close to 8%.
So I believe the coming economic crisis can also expect it to be as high as 8% or even higher. Whether it is just for a very short period of spike or slightly longer very high interest rate will not know. But surely the interest rate will go up to at least 4 to 5% and way above.
�
Been There and experienced that. The rate circa 1996 was 6.5 %. paid like hell and more than half went into interests payment.
Thats why i say its ridiculous.
Last time i bot a 685sft studio in D9 and i was grumbling about the size already.
2 bedder 700sft is damn cramp, man.
Bascally put a bed in the room and you have no space left to walk.
�
Thats the real meaning of "bedroom".
Can rent out already very good liao lor. Ultimately the tenant is still subsidising the house.�
Rental already started to come down last year. I was talking to my neighbour last year when he came over to hand over the the unit to tenant and he told me he cant even cover his installment fully when he rent out his unit $2k. Deep down I was thinking agent and the developer must be giving you false impression that you can rent out your one bedder at at least 2.5k and fall for it. Just for info this is a condo in D19.
Bedroom with no legroom. We are lucky compared to hong kong le. Cant even fit queensize bed in their bedrm.�
Thats the real meaning of "bedroom".
Edited by Andyngps, 03 April 2015 - 02:50 PM.
Although it is deductable from the rental income taxable that you receive.
Overall still impact your cost and income.
So always assess rental after maintenance , msct, and property tax for a more accurate picture.
when you rent out, you still have to pay maintenance and MCST and property tax.
Although it is deductable from the rental income taxable that you receive.
Overall still impact your cost and income.
So always assess rental after maintenance , msct, and property tax for a more accurate picture.
�
Don't forget loan interest!
�
Oops. No need to pay interest if you pay FULL CASH.
Can rent out already very good liao lor. Ultimately the tenant is still subsidising the house.
Bedroom with no legroom. We are lucky compared to hong kong le. Cant even fit queensize bed in their bedrm.
�
Agree. I believe some landlords are still unable to rent out their unit due to unrealistic expectation in rental price and type of tenants in this current tight supply of tenants available.�
Loan interest is a given lah so i am not discussing it here.�
Don't forget loan interest!
�
Oops. No need to pay interest if you pay FULL CASH.
I could but i didnt full cash settle my investment properties.
It doesnt make financial sense.
Edited by Throttle2, 03 April 2015 - 08:03 PM.
Mostly below $1200psf. Decent size for small family
In various districts of Singapore
Prices are pre negotiation, which means actual deal price could easily be 5 to 10% cheaper.
Tons available for sale.
No hurry lah, *yawn*
Good luck ....wahahahahha
Was just offered 2storey 3000sft landed freehold for $900psf negotiable....
Ban ban lai lah..... Got money no scared no property.
Attached Thumbnails
Edited by Throttle2, 03 April 2015 - 09:03 PM.
Be forewarned, this is the time to start reducing debt and not taking on more.
How many times cover is your personal "collateral" and how ironclad is your cashflow?
When collateral values start shrinking together with the debt cycle, those who take on too much leverage base on speculative income will be squeezed.
Be careful now.
2 in 3 Singaporeans struggling to buy property amid skyrocketing prices
Identified budgets are declining.
Affordability remains a key concern among Singaporeans looking to buy property, and a lot are still in a wait-and-see position, hoping that prices will drop in the short term.
According to the recently released iProperty Asia Property Market Sentiment Report H1 2015, an increased number of respondents intend to purchase property within the next nine months (from 23 per cent in H2 2014 to 38 per cent in H1 2015); a larger number plan to buy in one to two years time (from 28 per cent in H2 2014 to 40 per cent in H1 2015).
Affordability remains an issue, with two thirds (66 per cent) saying prices are too high. While purchase intent is high, identified budgets are declining. More respondents (from 18 per cent in H2 2014 to 28 per cent in H1 2015) are looking to spend below S$500,000 and fewer respondents (from 66 per cent in H2 2014 to 55 per cent in H1 2015) have budgets between S$500,000 to S$1 million.
Singaporeans continue to see property as a key investment, with most citing rental income (29 per cent) and long-term investment (26 per cent) as reasons to buy. For now, at least 50 per cent of respondents believe that property prices will drop in the next six months, pushing their buying plans out to the future. 25 per cent of respondents expect high-end luxury properties to see a price drop in H1 2015, followed declines in new and resale condominiums, commented Mr. Sean Tan, iProperty.com Singapore General Manager.
In 2014, the Urban Redevelopment Authority (URA) reported that property prices dropped year-on-year by four per cent for private residential property and the Housing and Development Board (HDB) reported a 6.1 per cent drop for HDB resale. Transactions for new private residential properties saw a fall of 35 per cent year-on-year in January 2015.
https://sg.finance.y...-071300976.html
2 in 3 Singaporeans struggling to buy property amid skyrocketing prices
Identified budgets are declining.
Affordability remains a key concern among Singaporeans looking to buy property, and a lot are still in a wait-and-see position, hoping that prices will drop in the short term.
According to the recently released iProperty Asia Property Market Sentiment Report H1 2015, an increased number of respondents intend to purchase property within the next nine months (from 23 per cent in H2 2014 to 38 per cent in H1 2015); a larger number plan to buy in one to two years time (from 28 per cent in H2 2014 to 40 per cent in H1 2015).
Affordability remains an issue, with two thirds (66 per cent) saying prices are too high. While purchase intent is high, identified budgets are declining. More respondents (from 18 per cent in H2 2014 to 28 per cent in H1 2015) are looking to spend below S$500,000 and fewer respondents (from 66 per cent in H2 2014 to 55 per cent in H1 2015) have budgets between S$500,000 to S$1 million.
Singaporeans continue to see property as a key investment, with most citing rental income (29 per cent) and long-term investment (26 per cent) as reasons to buy. For now, at least 50 per cent of respondents believe that property prices will drop in the next six months, pushing their buying plans out to the future. 25 per cent of respondents expect high-end luxury properties to see a price drop in H1 2015, followed declines in new and resale condominiums, commented Mr. Sean Tan, iProperty.com Singapore General Manager.
In 2014, the Urban Redevelopment Authority (URA) reported that property prices dropped year-on-year by four per cent for private residential property and the Housing and Development Board (HDB) reported a 6.1 per cent drop for HDB resale. Transactions for new private residential properties saw a fall of 35 per cent year-on-year in January 2015.
Wahahahah
My purchase intent for a GCB is also high, but i have absolutely no budget for it.....
This report really can make my toes laugh.
What is it trying to report really.
Purchasng Intentions?
Muayhahahahahaha
Affordability remains an issue, with two thirds (66 per cent) saying prices are too high. While purchase intent is high, identified budgets are declining. More respondents (from 18 per cent in H2 2014 to 28 per cent in H1 2015) are looking to spend below S$500,000 and fewer respondents (from 66 per cent in H2 2014 to 55 per cent in H1 2015) have budgets between S$500,000 to S$1 million.
-------
What kind of budget is that? $500,000 property?
If so, HDB's BTO should fit the bill will some change to boot. Affordability, at least according to our govt should not be an issue. Forget private property. Not even $500,000 - $1,000,000 budget.
What kind of survey is this?
Edited by Latio2005A, 04 April 2015 - 08:53 AM.
Quote from the article:
Affordability remains an issue, with two thirds (66 per cent) saying prices are too high. While purchase intent is high, identified budgets are declining. More respondents (from 18 per cent in H2 2014 to 28 per cent in H1 2015) are looking to spend below S$500,000 and fewer respondents (from 66 per cent in H2 2014 to 55 per cent in H1 2015) have budgets between S$500,000 to S$1 million.
-------
What kind of budget is that? $500,000 property?
If so, HDB's BTO should fit the bill will some change to boot. Affordability, at least according to our govt should not be an issue. Forget private property. Not even $500,000 - $1,000,000 budget.
What kind of survey is this?
it's correct my friend. Its a general survey, not pertaining only to private property.
But the truth also is that the general public cant afford it unless they sign their lives away.
That is the basis of a subprime formation. And all it takes is one negative trigger to be set off.
People like to build their castles on thin air. Buy their luxury with future income.
I will advise them to balance their ideas with some realism.
Let the folks here ask themselves a few simple questions
1. Can you continue your mortgage on your investment property if you get no rent?
2. Can you continue your mortgage on your investment property if your income is cut by half?
3. Can you continue your mortgage on your investment property if the mortgage doubles?
4. How do you feel continuing a mortgage on your investment property which has dropped 25% in value.
5. Can you continue if any two of 1-4 happens?
6. Can you continue if any three of 1-4 happens?
7. Can you continue if all the above happens?
Only the hard truths......
Things would be different if this was 2010. But it is not.
There are debt and property cycles.
Guess where in the cycle we are , right now.
Be forewarned, i say again.
Here, i just do a simple search on freehold condos and there are 200++ pages available.
Mostly below $1200psf. Decent size for small family
In various districts of Singapore
Prices are pre negotiation, which means actual deal price could easily be 5 to 10% cheaper.
Tons available for sale.
No hurry lah, *yawn*
Good luck ....wahahahahha
Was just offered 2storey 3000sft landed freehold for $900psf negotiable....
Ban ban lai lah..... Got money no scared no property.
If based on land area (traditional way to roughly value landed), prices are backed to 2010 level? Maybe very rundown condition?
If based on land area (traditional way to roughly value landed), prices are backed to 2010 level? Maybe very rundown condition?
Yes and realistically it should be but that are many on the sell side who dont want to face reality.
So they cant close the transaction.
We are talking land only.
Structure is old so not much "body" value.
Of course here there will be exceptions and variations.
Willing seller willing buyer is the bottom line
So we see
Juz my 2cents. Not an agent or real estate guru. Just a simple man on the street.
�
1) Property in SG. If buying for Own Stay. No need listen to all the Doom and Gloom too much.
As long as u do a stress test on urself and have rainy day funds on standby appx 10% of your Property purchase, u should be fine. No need time the mkt. SG's property in future can only go UP. That's how the Rich gets Richer and they dun do it by paying for them in Full Cash. 99% leverage from the Banks as well! And some to their noses when Property is in a Bull Cycle.
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2) Notice over the decades how our food portion seems to get smaller and prices still creeping up? Same applies to Property. Inflation + Limited Land mass in SG. What to expect? Look at HK for close comparison. We'll be heading there. But i'm glad that HDB is still of a very decent / livable size. Im staying in one and count my blessings. Any homes in future over 1000Sqft would be consider Luxury� Private Market is a totally different Ball Game� HDB BTO will remain affordable(Appx 4x Household annual salary). The Govt can only do so much...
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3) Rents vs Rising interest Rates: Location, Location, Location. Cos if you're looking at rental income, u are an Investor. In current Bear market, Location is of utmost importance. There're easily close to 200k expats on EP(i think). Most of them need to rent. Seldom will they choose to buy. So rents might soften 10% for Prime locations (Holland/East Coast/City/City Fringe)) for these Expats but unable to rent out is unlikely. OCR will be challenging especially for small units thou. I will just point out an example. Go look at District 22. Look at it's ROI for both Gross and Nett yield. Past 1.5yrs rents are still holding steady. Buy wisely if for investment. It's not all Doom & Gloom.
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Juz my 2cents. Not an agent or real estate guru. Just a simple man on the street.
�
1) Property in SG. If buying for Own Stay. No need listen to all the Doom and Gloom too much.
As long as u do a stress test on urself and have rainy day funds on standby appx 10% of your Property purchase, u should be fine. No need time the mkt. SG's property in future can only go UP. That's how the Rich gets Richer and they dun do it by paying for them in Full Cash. 99% leverage from the Banks as well! And some to their noses when Property is in a Bull Cycle.
�
�
2) Notice over the decades how our food portion seems to get smaller and prices still creeping up? Same applies to Property. Inflation + Limited Land mass in SG. What to expect? Look at HK for close comparison. We'll be heading there. But i'm glad that HDB is still of a very decent / livable size. Im staying in one and count my blessings. Any homes in future over 1000Sqft would be consider Luxury Private Market is a totally different Ball Game HDB BTO will remain affordable(Appx 4x Household annual salary). The Govt can only do so much...
�
�
3) Rents vs Rising interest Rates: Location, Location, Location. Cos if you're looking at rental income, u are an Investor. In current Bear market, Location is of utmost importance. There're easily close to 200k expats on EP(i think). Most of them need to rent. Seldom will they choose to buy. So rents might soften 10% for Prime locations (Holland/East Coast/City/City Fringe)) for these Expats but unable to rent out is unlikely. OCR will be challenging especially for small units thou. I will just point out an example. Go look at District 22. Look at it's ROI for both Gross and Nett yield. Past 1.5yrs rents are still holding steady. Buy wisely if for investment. It's not all Doom & Gloom.
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Generaly agreeable input there feom you.
Rich get richer not by paying 100% full cash absolutely.
Leverage must be used definitely, surely, certainly absolutely.
But when doing that for investment, the timing is of utmost importance.
Not just during bull cycle but at which part of the bull cycle.
If at the end, better sell, not buy and especially not on huge empty leverage with
Another point.
The true rich has huge positive equity.
Until we are at that stage, Lets not think that the rich dont lose money.
the biggest difference is that they have the money to lose.
They CAN afford to lose.
Can we?
The billionaire who cut his losses of millions of dollars, will it impact his daily life?
The poor HDB owner who screwed himself taking a $1mil loan to buy a private propery and ends up not being able to finance his mortgage leading to a cut loss / margin call situation, will that impact his daily life and his families?
Its not doom and gloom, fully agree, never said so.
But it is not simply looking at past and present ROIs and some sporadic stats.
There is way way more to that.
Bottomline is make sure people dont scream blue murder when they screw up their own investment decisions. Becos many people do. Lame people.
Even so with the weak market we having, the transactions still running high with lower numbers only.. Really weird I find..
Yes, even if you buy for own use to live, still have to service mortgage.Actually if u buy a private property for home stay, u will service the mortgage regardless of the interest rate and mortgage amount.. Look at the number of "millionaires" in Singapore who bought private condos.. Surely they are borrowing funds from banks with exception of a few who can pay in full.. Thomson 3 also sold out on their condos (except strata houses) with the prices high and no discount in the current market..
Even so with the weak market we having, the transactions still running high with lower numbers only.. Really weird I find..
So it is not a good thing to buy high. Ask those who bought at peak
Similar, It surely doesnt feel good if your friend tells you that he bought a brand new Honda exactly like yours for $10k cheaper
However, it is probably more important to move on in life than to be totally controlled or dictated by the price of things. That is why people who need them still buy. Even At a high price.
If your timing is good, you clear your HDB loan in 5 yrs.
If your timing is not so good, probably 10yrs
If it is really lousy, 20yrs.
Trasactions Running high?
All Sold? No discounts? Now?
Your source of info is not accurate and the way you read stats is flawed lah....
Edited by Throttle2, 05 April 2015 - 11:47 AM.
Fully agree with u..Yes, even if you buy for own use to live, still have to service mortgage.
So it is not a good thing to buy high. Ask those who bought at peak
Similar, It surely doesnt feel good if your friend tells you that he bought a brand new Honda exactly like yours for $10k cheaper
However, it is probably more important to move on in life than to be totally controlled or dictated by the price of things. That is why people who need them still buy. Even At a high price.
If your timing is good, you clear your HDB loan in 5 yrs.
If your timing is not so good, probably 10yrs
If it is really lousy, 20yrs.
Trasactions Running high?
All Sold? No discounts? Now?
Your source of info is not accurate and the way you read stats is flawed lah....
When ask for discount, they always say price is lowest... I suppose not much?
Actually no point talking about or monitoring the local property market for the next 3 years, unless you are selling, or urgently need a roof to stay under.� At best it will with muddle along, at worst it will drop further (by how much it is anyone's guess, and the "experts" will definitely�get it wrong!)�.
�
So meanwhile put you money somewhere else and kill time talking about any other topic at MCF!
Fully agree with u..
When ask for discount, they always say price is lowest... I suppose not much?
There is a way to ask for discount and there is a way to ask for discount.
If simply ask for discount, without showing sincere intentions, you wont get anywhere.
It's funny, my experience is opposite.
They upfront offer me discount without me asking.
Actually no point talking about or monitoring the local property market for the next 3 years, unless you are selling, or urgently need a roof to stay under.� At best it will with muddle along, at worst it will drop further (by how much it is anyone's guess, and the "experts" will definitely�get it wrong!)�.
�
So meanwhile put you money somewhere else and kill time talking about any other topic at MCF!
I would say, at best it will still drop further only slowly.
At worst, i think most people here dont want to see that.
You are absolutely right about putting money somewhere else. Thumbs up
So if a new condo used to be sold at average 1.5 to 1.6 m in 2013 and now they are selling at 1.3 to 1.4 m, will this be a good buy?
Do you have actual real evidence that it was sold for 1.5 to 1.6m or is that just base on developers caveat prices which are quite often inflated.
Its just like Recoomended Retail Price and real transacted price.
Ura caveats. Then it will be really hard to buy condo like that if these figures are not accurate.Do you have actual real evidence that it was sold for 1.5 to 1.6m or is that just base on developers caveat prices which are quite often inflated.
Its just like Recoomended Retail Price and real transacted price.
I could not have known all the previous buyers to get actual transacted prices..
Edited by Teatreeoil, 05 April 2015 - 01:59 PM.
Ura caveats. Then it will be really hard to buy condo like that if these figures are not accurate.
I could not have known all the previous buyers to get actual transacted prices..
I believe that the authorities are working on releasing a more accurate pool of data.
Dont be surprise that base on this more accurate data, the price drop is easily 15% from peak.
URA caveats by developers can forget it. Mostly inflated. Discounts, vouchers, rebates all not shown.
Old development should be accurate bah.... Since it only involves direct seller and buyer with no developer in the loop. One way is to look at a slightly older similar development to make a judgement. Isn't that what valuation is about as well.
Yes older ones are more real.
But doesnt mean anything if only one two units transacted two years ago
Beware and be very aware.
this feels exactly like 1998-2000... asia is first to koyar n get whipped ard by volatile commodities, n d real sh!t to hit d global economy is nowhere near yet... then just as asian think theyre outta da woods, the ground beneath them falls apart...�
�
im waiting for a grand finale global stock pop before doing anything.
�
http://www.gurufocus...-valuations.php
�
the above link is known as the warren buffet indicator, good for long term investor & it isnt a short term timing indicator. Just because the mkt is overvalued doesnt mean it cant keep going up as seen in pre-2000.
�
IMO many r gona get surprised again by the global crash timing as it does always, so be ready to makan when the fruits drop. The job of the mkt is to screw most pple, & enrich the few, so dont be the crowd, be the few.
Edited by Duckduck, 06 April 2015 - 03:47 PM.
http://www.theedgema...projects-yishun
http://www.isinreale...dences-preview/
UOLs Botanique, FCLs North Park sold like hotcakes at weekend launches
Low prices were a strong draw.
Two listed developers saw robust sales at their new condominium projects over the weekend, with UOL Group clearing over 150 units at the Botanique at Bartley and FCL moving over 300 units at the North Park Residences in Yishun.
According to RHB, both projects have attractive attributes but low prices remained the main draw for most buyers.
For instance, most condominiums at the 797-unit Botanique at Bartley were priced at below $1,300 psf, which was complemented by its proximity to the city.
Meanwhile, most flats at the 900-unit North Park Residences were kept under a $1.2m price tag, with the developer rolling out compact sizes across all the bedroom types to keep the overall quantum affordable.�
Edited by Mercs, 06 April 2015 - 04:53 PM.
North Park Residences to set benchmark for projects in Yishun-
http://www.theedgema...projects-yishun
http://www.isinreale...dences-preview/
UOLs Botanique, FCLs North Park sold like hotcakes at weekend launches
Low prices were a strong draw.
Two listed developers saw robust sales at their new condominium projects over the weekend, with UOL Group clearing over 150 units at the Botanique at Bartley and FCL moving over 300 units at the North Park Residences in Yishun.
According to RHB, both projects have attractive attributes but low prices remained the main draw for most buyers.
For instance, most condominiums at the 797-unit Botanique at Bartley were priced at below $1,300 psf, which was complemented by its proximity to the city.
Meanwhile, most flats at the 900-unit North Park Residences were kept under a $1.2m price tag, with the developer rolling out compact sizes across all the bedroom types to keep the overall quantum affordable.�
Sadly , many continously get fooled due to the lower quantum.
Still, i can bet that there will be at least 20% leftovers at the end of the day.
Over 70% North Park Residences soft launch units snapped up
AsiaOneMonday, Apr 06, 2015
20150311_northparkresidences_fraserscentrepoint.jpg
North Park Residences is part of Northpoint City, which integrates the existing Northpoint mall with a new condo development with access to a transport hub.
SINGAPORE - A total of 313 out of 430 units at the upcoming North Park Residences were sold at a soft launch on Sunday.
The new integrated development in Yishun comprises 920 units in 12 10-storey blocks housing one- to five-bedroom units.
Developer Frasers Centrepoint (FCL) said sales of the new residential development were evenly spread across its one- to five-bedroom apartments with Singaporeans accounting for over 88 per cent of buyers.
Phase 1 units of North Park Residences were released at prices starting from $612,000 for a Studio to $1.89 million for a five-bedroom 'vista' unit.
Mr Cheang Kok Kheong, CEO of Development and Property for FCL, said that the integrated development Northpoint City will fill the gap for a vibrant lifestyle hub in the heart of Yishun and northern Singapore.
Northpoint City will comprise over 500 retail and F&B stores, the Yishun integrated transport hub, Nee Soon Central Community Club, a town plaza and a community garden.
�Yishun MRT station can be accessed via the mall while a retail underpass will take residents to a new air-conditioned bus interchange currently under construction.
North Park Residences will be officially launched for sale on Saturday, April 11. More than half of North Park Residences' 920 units have been reserved for the official launch.
Sadly , many continously get fooled due to the lower quantum.
Still, i can bet that there will be at least 20% leftovers at the end of the day.
Prob many buy as investment. To be honest with such small sizes, it is a bit tough to stay in. To each his own i guess, but I do agree the lower quantum and seemingly so called well distributed floor plan can be quite misleading at times. If it is for own stay, some may not like Northpoint as it can get noisy, no doubt convenience is definitely there.
70% sold of soft launch nia
in reality ... only 34% sold ...
i wonder how long it takes to cross 50% sold for the project .... muahahahaha
�
SINGAPORE - A total of 313 out of 430 units at the upcoming North Park Residences were sold at a soft launch on Sunday.The new integrated development in Yishun comprises 920 units in 12 10-storey blocks housing one- to five-bedroom units.
�
Edited by Wt_know, 07 April 2015 - 07:28 AM.
if can afford to drop 1.5mil on a condo, why would one need an mrt and bus interchange to be so near?�
70% sold of soft launch nia
in reality ... only 34% sold ...
i wonder how long it takes to cross 50% sold for the project .... muahahahaha
�
�
To be fair, 1/3 sold on first weekend n at at high price(IMO) is quite good actually. It seems to me that there are still buyers out there despite the CM n general weaker sentiment.
We shall see if this is sustainable in other projects. That said Botanique also sold reasonable well.
70% sold of soft launch nia
in reality ... only 34% sold ...
i wonder how long it takes to cross 50% sold for the project .... muahahahaha
�
�
So nowadays 34% sold, already screaming hot, champion, winner, must buy, top sales......woah....
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