mycarforum: Rupiah/Rupee at risk, SG/HK risk property bubble part 12

no lah .. cpf money left to your children ... the cycle repeats ... huat ah!

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if no next of kin ... we thank you for your generous contribution to the nation ...

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huat huat huat ah !!! 3 x cheers

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The highlighted part...then stay there ah?

Edited by Wt_know, 03 December 2013 - 11:55 AM.

means HDB overbuilt?

People use taper they also copycat use the same word...
Take note of the definition... They won't stop building la.. just that the pace will slow down.

I think the correct terminology is "pull handbrake abit".

People use taper they also copycat use the same word...
Take note of the definition... They won't stop building la.. just that the pace will slow down.

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Fed haben start tapering, HDB already start tapering liao

means what?

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Fed haben start tapering, HDB already start tapering liao

means what?

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Fed tapering mean USA economy is getting better , can print less money .

HDB tapering mean SGP economy is getting sicky , people got no money to buy BTO .

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Fed tapering mean USA economy is getting better , can print less money .

HDB tapering mean SGP economy is getting sicky , people got no money to buy BTO .

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how is that possible, I thought tharman say real wages of poor people has been increasing

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Fed haben start tapering, HDB already start tapering liao
means what?

Build more to slow down the pace of price.. taper means huat huat for existing owners.
Housing price probably going to go up imo.

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how is that possible, I thought tharman say real wages of poor people has been increasing

Tambi say wage increase , MOM say Singaporean not productive ,productivity�growth rate is -ve for last decade ,�hence we have a sicky economy .

Edited by Jasonjst, 03 December 2013 - 08:14 PM.

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Fed tapering mean USA economy is getting better , can print less money .

HDB tapering mean SGP economy is getting sicky , people got no money to buy BTO .

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Not no money buy BTO, is no money buy resale flat. Which makes all their "asset appreciation" talk look like a scam and makes a lot of people unhappy with them because they got problem selling their HDB on resale market.

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Then hor, in the long run if valuations drop, HDB need to lower price of BTOs also (yeah right prices are delinked) because the surrounding resale values also drop. HDB earn less you say?? Cannot be!

So tarik back on new BTO lor. Politics mah, must throw scraps to the baying masses to keep them satisfied now and then. They cheong BTO launches to satisfy those who kpkb, now can forsee the current owners gonna kpkb soon (is it too late already?) so time to balance it up on this side.

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They always like to earn money, but more important long run must ensure ruling party stay in power to keep their income opportunities flowing (and the dirt under the carpet) for the 6.9/8 million future.

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ps, This is my simple layman coffeeshop opinion of the situation. Feel free to correct me.

I think the correct terminology is "pull handbrake abit".

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Correct term should be "engineering a soft landing"

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Not no money buy BTO, is no money buy resale flat. Which makes all their "asset appreciation" talk look like a scam and makes a lot of people unhappy with them because they got problem selling their HDB on resale market.

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Then hor, in the long run if valuations drop, HDB need to lower price of BTOs also (yeah right prices are delinked) because the surrounding resale values also drop. HDB earn less you say?? Cannot be!

So tarik back on new BTO lor. Politics mah, must throw scraps to the baying masses to keep them satisfied now and then. They cheong BTO launches to satisfy those who kpkb, now can forsee the current owners gonna kpkb soon (is it too late already?) so time to balance it up on this side.

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They always like to earn money, but more important long run must ensure ruling party stay in power to keep their income opportunities flowing (and the dirt under the carpet) for the 6.9/8 million future.

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ps, This is my simple layman coffeeshop opinion of the situation. Feel free to correct me.

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build flats also so chim�

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how is that possible, I thought tharman say real wages of poor people has been increasing

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there are no poor people in SG

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Hence nobody's real wages has been increasing

wow, KBW succesfully cooled down singapore mkt... LOL what he has done is just to drive singaporeans to grab high risk overseas properties.. iskandar, manila, bkk,� [thumbsup]

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there are no poor people in SG

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Hence nobody's real wages has been increasing

wow, KBW succesfully cooled down singapore mkt... LOL what he has done is just to drive ~~singaporeans~~ speculators�to grab high risk overseas properties.. iskandar, manila, bkk,�

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[:)]

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wow, KBW succesfully cooled down singapore mkt... LOL what he has done is just to drive singaporeans to grab high risk overseas properties.. iskandar, manila, bkk,�

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very true. think of all the $$ and potential loss of income for so many ppl in sgp. well done, kbw........

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very true. For iskandar projects, the MY developers targeting mass market bank clients and they are not looking at Priority banking and private banking segment clients at all when doing joint collaboration with SG financial institution.

very true. For iskandar projects, the MY developers targeting mass market bank clients and they are not looking at Priority banking and private banking segment clients at all when doing joint collaboration with SG financial institution.

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don't even need to target bank clients.

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Practically anyone on the street can own a iskandar condo.

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The lowest entry i have seen just require $10k or so upfront and no other payment until TOP. And the $10k is for levy and other fees.

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Probably that retired auntie staying in her 3-room flat is a proud owner and investor of a luxury condo in iskandar.� [:)]

Recently i checked a the caveats lodged for several developments, all show a downward trend from jul to sep

UK imposing captial gain tax. Grade A locations around the world are trying to grapple with all the liquidity sloshing around.

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They better withdraw the excess liquidity in the system otherwise it will just flow to the next jurisdiction with the least resistance.

i don't think KT is an "average" earner leh ... where to find so much cash to buy and buy

all started from just one $320K property in 1986?

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How an Average Earner Can Become a Multi-Millionaire Property Investor

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Recently I had a reader of Propwise.sg write in to share her story of how she built up a multi-million dollar property portfolio in the span of over ten years, despite being just an average earner. I�d like to share her story, and have also added in some of my own remarks. I think it is a great illustration of how even an average employee, with some wisdom and of course a dash of luck, can build up significant wealth over a period of time. I�d like to thank the reader, let�s call her KT, for generously sharing her story.

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Enter KT:

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I stayed in a private property for 18 years before it went enbloc. I bought it during the recession of 1986 when prices were low and picked it up for around $320,000. The property was sold for $900,000 in 2005.

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Mr. Propwise: A wise investor once said that you make money when you buy, not when you sell. KT picked up her property during a recession when prices were low. Of course this is easier said than done, as during the lows of the cycle you�d be worried about your job security and whether prices would fall further. But as long as you have holding power and have built up a cash cushion for the tough times, there is no better time to buy.

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While staying in the private property, I decided that I had to invest in another property at the end of December 2002. The market then was extremely quiet and I remembered the URA price index was about 100. I saw a unit in Normanton Park which I liked so much because it offered a lovely view of the Kent Ridge forest. I bought it for $385,000 and the property has since been rented out for about $3,300 per month. The current market value of the property is about $1.4 million.

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Mr. Propwise: The PPI at the end of 2002Q4 was 115.1 and had gone up to 215.4 by the end of 2013Q2, or an 87% increase. KT�s property, on the other hand, has gone up by more than 260% over the same period. So other than buying during the right time of the cycle, what you buy is also important. Based on her monthly rental, she is enjoying an incredible 10+% rental yield on cost and about 2.8% yield on current market value. By buying a good unit at a low point in the cycle, you maximize your probability of getting a good yield.

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After the enbloc sale I decided to buy a landed property with the proceeds from the sale. I saw one in 2005 and bought an inter-terrace house with a land area of 1,800 sq ft and a built in of 2,500 sq ft for about $900,000. I am currently staying in it and the current market value is about $3,000,000.

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Mr. Propwise: A few points about KT�s move to buy a landed property. First, she took her proceeds from a successful property purchase and rolled that into an even bigger property. It�s important to get on the right side of the property market cycle and make that first good investment. In the future you will then be able to build on that momentum and roll your success into even greater wealth. Second, she made the very smart move to switch from non-landed to landed during a period when landed property was relatively underpriced (a situation that has now mostly been corrected). This maximized her gain with a 233% return in just the past 9 years. Third, she got to stay in the landed property and continues to enjoy living in it to this day.

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Then in January 2007, I was passing by West Coast Road when I noticed a huge crowd at a show flat at Clementiwoods. I saw a ground floor unit facing a park which I fell in love with. At that time, prices were still reasonable, and I bought a 1,421 square foot unit for $800,000. The unit has been rented out since getting its TOP three years ago at $5,000 and is currently worth about $1.7 million.

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Mr. Propwise: To use the terminology from the Property Market Cycle Model I�ve developed, the best time to buy property is during the Late Bear and Early Bull phases of the cycle. If we look at when KT bought property, 2002Q4 was during the Late Bear phase while the whole of 2005 and 2007Q1 were still in the Early Bull phase of the cycle. Contrast that with the current situation when we are currently in the Late Bull phase of the cycle (as of 2013Q2), which has historically not been a good time to buy property as the cycle is turning. Also, KT is getting a great 7.5% yield on her property based on her purchase price versus the current 3.5% based on market value.

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I am no expert but I invest only when everyone is not interested in property. I don�t look at property nowadays as I think the prices are crazy. The last three properties I acquired were done during periods when nobody was interested to look at the real estate market. I don�t earn a lot but through my property purchases I think I have made it. It shows that in Singapore if you are patient and dare to take calculated risks, you can make it and become a multi-millionaire!

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Mr. Propwise: To quote Warren Buffett: �Be fearful when others are greedy, and greedy when others are fearful.� This is the essence of being a contrarian investor, and KT has clearly demonstrated this in her property purchases over the years. The key, as KT put it, is to take calculated risks at the right time. As for the current market, just ask yourself this simple question � are the participants in the property market today showing more fear or greed?

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Though she was just an average earner, KT today owns three properties, two of which generate $8,300 in monthly rental income, plus the landed property which she enjoys staying in. Based on my calculations, over the years she has made over $4.5 million in capital gains from her properties. She can now look forward to a very comfortable retirement. Congratulations KT! And thanks very much for generously sharing your story so that others may learn from you

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Edited by Wt_know, 05 December 2013 - 01:41 PM.

1986 can buy a 320k property not bad le i think.

How much was a HDB back then? KT's was lucky she born earlier than today's generation.

Edited by Mockngbrd, 05 December 2013 - 01:33 PM.

must have money to buy first, isn't it?

the profit from the 1986 unit already used to buy landed in 2005

2002 and 2007 where to find money to buy

so fast can save so much money for an average earner?

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live-in

1986 buy $320k

2005 sell $900k

2005 buy $900k landed

now value $3M

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investment

2002 buy $385k -> 10% cash + 10% cpf?

rent out $3,300

now value $1.4M

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investment

2007 buy $800k -> 20% cash + no cpf?

rent out $5,000

now value $1.7M

Edited by Wt_know, 05 December 2013 - 01:43 PM.

The article is Old economy steve

b57c801a56a73b6c08e7dd49a943f0159f8f24d6

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Edited by Mockngbrd, 05 December 2013 - 01:46 PM.

the only reason why land/pty is the way to "make it rich" for the last 2 generations in most of asia ..is due to "peaceful" time.. no wars..

hmm.. if there is a war.. most ppl will be back to sq 1.�

must have money to buy first, isn't it?
the profit from the 1986 unit already used to buy landed in 2005
2002 and 2007 where to find money to buy
so fast can save so much money for an average earner?
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live-in
1986 buy $320k
2005 sell $900k
2005 buy $900k landed
now value $3M
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investment
2002 buy $385k -> 10% cash + 10% cpf?
rent out $3,300
now value $1.4M
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investment
2007 buy $800k -> 20% cash + no cpf?
rent out $5,000
now value $1.7M

I recall in 1986, a five room HDB was about $125k and one could buy a brand new freehold terrace house for $400k..

So in 1986 can pay $320k to buy property means quite ok.

Pity the next generation.

Latest

Attached Thumbnails

Latest

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Why took you so long to post this pic?

Edited by Sabian, 05 December 2013 - 05:16 PM.

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Why took you so long to post this pic?

Sorry sorry, plse pardon me.

Sorry sorry, plse pardon me.

Yah lah!

Next time if you take photo at 1:13pm, don't wait till almost 4 hours later to put it up!

Joking.

must have money to buy first, isn't it?

the profit from the 1986 unit already used to buy landed in 2005

2002 and 2007 where to find money to buy

so fast can save so much money for an average earner?

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live-in

1986 buy $320k

2005 sell $900k

2005 buy $900k landed

now value $3M

�

investment

2002 buy $385k -> 10% cash + 10% cpf?

rent out $3,300

now value $1.4M

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investment

2007 buy $800k -> 20% cash + no cpf?

rent out $5,000

now value $1.7M

hmmm in 1986 how to buy without money? sure her salary not 8k

Yah lah!

Next time if you take photo at 1:13pm, don't wait till almost 4 hours later to put it up!

Joking.

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Fierce... Maybe he cant find his watch.. need 4 hours to find ?Heeee

i dont think so, mas rule is tighter than the Central Bank, so the portfolio they own is much more safe than the Lehman. I can imagine if SG banks went bankrupt, the majority of banks in Asia are following suit

who thought it was possible for Lehman to turn turtle?�

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Spore banks hold good portfolio, in bad times, good portfolio will also lose it value accordingly.

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noob ques: how come Tem and gic lose so much good $? they are not gorven by MAS?

[quote name="Sabian" post="5051159" timestamp="1386258045"]

Yah lah!

Next time if you take photo at 1:13pm, don't wait till almost 4 hours later to put it up!

Joking.[/quote

Yes sir , paiseh. Understood

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Fierce... Maybe he cant find his watch.. need 4 hours to find ?Heeee

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Lau Pa Sat no free WIFI...

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Pple tablewiper on prepaid SIM card, no data.

any impact

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Attached Thumbnails

Edited by Staff69, 06 December 2013 - 01:36 PM.

No, they convert ft to sgreans

any impact

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Goody! COV down down down

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follow by valuation down down down!

Cheaper hdb for me

good....there has been too much bad blood building up and enclaves are v common

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can see in SK, like manila, Jurong like Beijing, etc....

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just like the prev policy where the hdb did not want enclaves of the 4 main races, this is apt

any impact

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why should any foreigner be living in HDB anyway? It's supposed to be subsidized public housing for singaporeans?

why should any foreigner be living in HDB anyway? It's supposed to be subsidized public housing for singaporeans?

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EXACTLY!!!! �they shd perhaps be leasing from the govt or others.

good....there has been too much bad blood building up and enclaves are v common

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can see in SK, like manila, Jurong like Beijing, etc....

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just like the prev policy where the hdb did not want enclaves of the 4 main races, this is apt

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please don't insult SK ok

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SK is little UN hor

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please don't insult SK ok

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SK is little UN hor

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muahahahahah

good move to have a cap on percentage

if prc percentage up for the estate ... means die die must rent to indian or pinoy liao ... vice versa ...

tenant vs landlord ... see who blink first ... lol

Edited by Wt_know, 06 December 2013 - 02:34 PM.

I think it means all foreigners as a whole, not counting indian or prc or phinoy

so once the number of foreigners has reach for toa payoh or bedok or sengkang estate, they must only rents private properties

Edited by Staff69, 06 December 2013 - 03:02 PM.

today i was walking behind a chinese father n young son... then i heard some throaty spitting sound n then i saw a big spit flying into d drain... at first i tot was d father, then d young boy did it again, this time even bigger spit!! i really dont mind having FT "integration" here, but all this spitting n caveman habits must not b tolerated.

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i dun give a fug if they dam rich but dont bring their sh!tty habits here...

today i was walking behind a chinese father n young son... then i heard some throaty spitting sound n then i saw a big spit flying into d drain... at first i tot was d father, then d young boy did it again, this time even bigger spit!! i really dont mind having FT "integration" here, but all this spitting n caveman habits must not b tolerated.

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i dun give a fug if they dam rich but dont bring their sh!tty habits here...

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Rules are there, unfortunately recently really lack enforcement.

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Smoking at void deck? etc etc

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Rules are there, unfortunately recently really lack enforcement.

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Smoking at void deck? etc etc

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they tot they are footballers meh.

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dun see anyone complain abt EPL star splitting in the pit.. ha ha ha :P

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aniway.. i am very disgust by it also.

The place i stay got facebook group for FT indians

population grow from 3.x to 5.x.. what do you expect ?

2 out of 5 person were not even here 10 year ago.

For Sabian

Attached Thumbnails

Just nice for KBW to taper off flat building!

i think EC demand just got snuffed out by 1st 2 changes

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Three tweaks to EC scheme

ong chor hao ongch .com.sg

print�|email this article

[SINGAPORE] The executive condominium (EC) scheme has been tweaked to bring the terms for ECs closer to that for public housing and to support a stable and sustainable EC market.

The Ministry of National Development said yesterday that there will be three changes following a review, which took into account feedback from the Our Singapore Conversation.

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The first change involves the Mortgage Servicing Ratio (MSR) for EC housing loans from financial institutions for units bought directly from developers. The MSR, imposed by the Monetary Authority of Singapore (MAS), will be capped at 30 per cent of gross monthly income and will apply to purchases where the option-to-purchase is granted today and hereafter.

Previously, the MSR did not apply to ECs. Analysts see this as an effective move to cool demand for this class of housing.

Ong Kah Seng, director at R'ST Research, said the implementation of a total debt servicing ratio (TDSR) framework shifted the demand for private housing towards ECs. This is because HDB monthly mortgage payments were not factored into TDSR calculations.

Mr Ong said: "This measure will ensure that buyers purchase ECs in accordance with their earning capacity and that developers cannot excessively raise prices since, going forward, the pool of eligible EC buyers might shrink."

Nicholas Mak of SLP International said that with the MSR cap, the quantum that homebuyers can pay - assuming an 80 per cent loan over 25 years taken out by a couple with $12,000 in combined monthly income - comes up to about $950,000.

The prices of popular four- and five-room EC units now start at $1 million, he said.

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The second change is that second-timer applicants who buy EC units directly from developers must now pay a resale levy, just like second-timer applicants who buy Build-To-Order (BTO) flats. This is to "ensure greater parity", MND said.

This levy will range from $15,000 to $50,000, depending on the flat type of the first subsidised flat; if the first subsidised unit was an EC, the levy is $55,000.

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The third and final change is the reduction in the cancellation fee for EC buyers from 20 per cent of the purchase price to 5 per cent, in line with the practice for BTO flats. This new cancellation fee took effect yesterday; it will apply to buyers of units in projects with land sales taking place from yesterday, including those where the tenders have not closed.

MND said that unlike private property buyers, EC buyers who cannot complete their purchase cannot sub-sell their units and have to pay a cancellation fee.

The previous cancellation fee, pegged at 20 per cent of the purchase price, imposed a significant financial burden on young couples who are unable to proceed with their marriage and hence, the EC purchase, MND said.

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The second change is that second-timer applicants who buy EC units directly from developers must now pay a resale levy, just like second-timer applicants who buy Build-To-Order (BTO) flats. This is to "ensure greater parity", MND said.

This levy will range from $15,000 to $50,000, depending on the flat type of the first subsidised flat; if the first subsidised unit was an EC, the levy is $55,000.

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Does that means. Now only DBSS no need to pay levy ?

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aniway.. good move.. EC is over-rated.

EC all in ulu places... i also dunno wats so good about it [rolleyes]

EC EC EC ... i still cannot accept the fact of subsidizing people buying $700k-$1M EC ...

are they calling themselves the "new poor" (money no enough) so need govt subsidy?

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EC deepen HDB deficit ... HDB is loosing millions-and-millions per year leh ... LMAO

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ie: the market rate for a 90sqm PC is $1M and if EC is selling at $700K ... that's a $300K subsidy over market rate per unit !!!

as the saying from all property agents, EC = 30% cheaper than PC

Edited by Wt_know, 10 December 2013 - 11:56 AM.

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Does that means. Now only DBSS no need to pay levy ?

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aniway.. good move.. EC is over-rated.

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i thot dbss is dead? [laugh]

guys got a question: this is frm HDB site:

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Ownership in Private Property

You, your spouse, any occupiers listed in the Application Form or their spouses must not own or dispose or have an estate or interest in any other flat, house, building or land*

- Within 30 months before the date of application, and
- Between the application date and the date of taking possession of the EC"

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does this mean i can buy EC if i still own a private property I bought >30mths ago? ok i just checked guess cannot since its same wording for HDB BTO as well lol

Edited by Duckduck, 10 December 2013 - 01:04 PM.

guys got a question: this is frm HDB site:

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"

Ownership in Private Property

You, your spouse, any occupiers listed in the Application Form or their spouses must not own or dispose or have an estate or interest in any other flat, house, building or land*

Within 30 months before the date of application, and

Between the application date and the date of taking possession of the EC"

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does this mean i can buy EC if i still own a private property I bought >30mths ago? ok i just checked guess cannot since its same wording for HDB BTO as well lol

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That statement means you must dispose your private property and wait 30 months before applying for new EC or HDB flat from HDB.

EC EC EC ... i still cannot accept the fact of subsidizing people buying $700k-$1M EC ...

are they calling themselves the "new poor" (money no enough) so need govt subsidy?

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EC deepen HDB deficit ... HDB is loosing millions-and-millions per year leh ... LMAO

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ie: the market rate for a 90sqm PC is $1M and if EC is selling at $700K ... that's a $300K subsidy over market rate per unit !!!

as the saying from all property agents, EC = 30% cheaper than PC

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Bro , buy EC got subsidise is talk cock one lah !� Where got saving 30% ? 1. You cannot rent out for 5yrs� 2. can only sell after 10yrs 3. must sell away current HDB if you are staying in one.

For 1) you most likely lost out to PC by say 4K x 60mths or 240K . For 2 and 3 the lost is very uncertain , and investors hate uncertainty .

Beside the above points , you really think HDB lost money and EC is giving out subsidy ? Why not tell those EC developers to price at PC price and see got�people prefer buy�EC or PC .

Edited by Jasonjst, 10 December 2013 - 01:31 PM.

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i thot dbss is dead?

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Still go those overprice ones selling.. i think there are some units left for bedok reserviour ones..

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aniway.. the party is almost over.. everyone just sit tight and wait for the next wave.. if any.

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aniway.. if i bought a EC last 2 yrs.. i would be sibei sian..

Prices for pte is dropping to realistic level now..

so by the time i get keys in 5 yrs... pte condo would have cost the same price as EC.. some more cannot sell.. :|

Edited by ShepherdPie, 10 December 2013 - 01:41 PM.

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Still go those overprice ones selling.. i think there are some units left for bedok reserviour ones..

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aniway.. the party is almost over.. everyone just sit tight and wait for the next wave.. if any.

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aniway.. if i bought a EC last 2 yrs.. i would be sibei sian..

Prices for pte is dropping to realistic level now..

so by the time i get keys in 5 yrs... pte condo would have cost the same price as EC.. some more cannot sell.. :|

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oh yah! still got the imfamous tampines dbss [laugh]

donno whether they still can sell or not [laugh]

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good commentary here:

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http://forums.condos...ead.php?t=19678

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Edited by Mustank, 10 December 2013 - 02:24 PM.

1. that's why many die die (even money no enough) also try to get dual-key. live and rent out studio (1-room with bathroom and kitchen) [thumbsup]

2. can sell after 5 years to SC and PR only. ok la, since potential buyers are mainly SC and PR

3. yup ... but this one only impact those who can afford both hdb and ec (if possible). many upgraders probably sell the current hdb in order to "upgrade" with the fund from selling the current hdb

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Bro , buy EC got subsidise is talk cock one lah !� Where got saving 30% ? 1. You cannot rent out for 5yrs� 2. can only sell after 10yrs 3. must sell away current HDB if you are staying in one.

For 1) you most likely lost out to PC by say 4K x 60mths or 240K . For 2 and 3 the lost is very uncertain , and investors hate uncertainty .

Beside the above points , you really think HDB lost money and EC is giving out subsidy ? Why not tell those EC developers to price at PC price and see got�people prefer buy�EC or PC .

�

Edited by Wt_know, 10 December 2013 - 02:23 PM.

1. that's why many die die (even money no enough) also try to get dual-key. live and rent out studio (1-room with bathroom and kitchen)

2. can sell after 5 years to SC and PR only. ok la, since potential buyers are mainly SC and PR

3. yup ... but this one only impact those who can afford both hdb and ec (if possible). many upgraders probably sell the current hdb in order to "upgrade" with the fund from selling the current hdb

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http://forums.condos...?t=19678&page=3

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upgrader jiat lart

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Quote:

Originally Posted by Arcachon

Quote:

Originally Posted by GIG

1st BTO and 2nd EC no resale levy.
Govt is plugging the hole on those who have bought EC the first time, selling it at huge profit
and buy cheaper EC the 2nd time.
Actually resale levy impact is negligible because it affect on those previous EC owners.
The most impact on the current new EC market will be the MSR.
Everyone buying EC will have impact including those who don't have to pay resale levy.

Don't understand, bought EC the first time, selling it at huge profit and buy cheaper EC the 2nd time. If you buy at the right time EC or PC is still the same, 2006 got no EC so no huge profit

anyone buy PC in 2006 Huat Big Big why wait and buy EC

If you have SGD 100,000 and buy a PC in 2006 now you should have at least a 2 Bedroom PC and a 3 Bedroom PH PC UC in 2011.

in the first place, for existing EC owners to sell EC, then buy another EC from developers... they have to wait for 30 months (same rule as ex-PC owners)
http://www.hdb.gov.s....ocument#Owners

Ex-owners of an EC:
Are you, your spouse or any of the essential occupiers listed in the application an ex-owner of an Executive Condominium bought directly from the developer? If yes, you would need to meet a 5-year period from the date of taking possession of the earlier Executive Condominium.

30-Month Period:
In addition, you need to wait out a 30-month period from the effective date of disposal (i.e., date of legal completion of the sale of their Executive Condominium, evidenced by the Notice of Transfer or such other documentary evidence as HDB may require) of the Executive Condominium before you can apply to buy another Executive Condominium directly from the developer.

now that govt is plugging the hole of EC ... EC buyers will stretch themself to PC buyers [sly] ?

since no need to sell their existing hdb, can whack ulu ulu OCR 99LH 70-90sqm PC ... huat ah !!!

Edited by Wt_know, 10 December 2013 - 02:31 PM.

worth noting comments from condosg:

�

DC33_2008

Senior

�

Join Date: Nov 2008

Posts: 8,062

�

Developers bought GLS for EC will have to rethink their strategy by building less than 1mil apartment, ie unit will be even smaller moving forwards.

�

Newbie

�

Join Date: Jan 2013

Posts: 97

�

Quote:

Originally Posted by Khng8

If the resale levy ranges from $15K to $50k, it's not that big a deterrent for someone who has made a pile from the direct purchase BTO or EC.
So wouldn't expect that much impact on demand.
It is more to make the situation equitable - level the field a bit for those who have yet to gain from the system.

With the resale price of BTO dropping, difficult to make a pile from BTO nowadays (or even in the near future)

�

goodchong

Newbie

�

Join Date: Jul 2010

Posts: 28

�

Unlikely developer will lower the bidding price for the land. What they can do is
1. Reducing the unit size to make it more affordable
2. Reduce the cost , lesser or not too attractive facilities, minimal or no furnishing at the unit...

So what I can see is that the EC might get less attractive to own, and may have slower pace of appreciation in view of the facilities, cost and size. I expect OCR Pc will pick up soon..

now that govt is plugging the hole of EC ... EC buyers will stretch themself to PC buyers ?

since no need to sell their existing hdb, can whack ulu ulu OCR 99LH 70-90sqm PC ... huat ah !!!

�

condosg people say:

�

taggy

Newbie

�

Join Date: Dec 2008

Posts: 786

�

Quote:

Originally Posted by Arcachon

The reason for all these CMs is because more people begin to understand "What is Money."

so effect of this EC cm are these ?
- hdb upgraders must well go for PC directly (to avoid resale levy)
- hdb upgraders must well go for bigger/better located resale HDB (to avoid resale levy)
- less HDB upgraders to support developer EC pricing
- in a way, PC/resale PC/resale hdb get a bit more potential buyers

...er.. maybe new OCR PC gain more buyers, since buyers who go for new EC, means can wait for construction of 3 years to get a NEW unit.

For Sabian

�

Kum sia!

�

Forum elder dedicate peekture to me.

1st time buyer for EC will huat ah!

stay with parents while waiting for EC to be completed

no levy and hopefully EC price drop a fair bit [thumbsup]

let's see what is the price for 2014 launch EC [sly]

btw, from CM1 to CM8 ... i have never see price drop leh ... it's either stabilize or creep up tiny bit

no drop or nose dive leh

this means CM is not to bring down the price ... it is merely stabilize it or prevent skyrocketing only

nose dive or crash = tan ku ku ... i'm talking about new launch not resale

�

some PC new launch you probably see price soften abit ... but if you compare size-vs-size and location-vs-location

the price did not went down ... just take Sky Vue vs Sky Habitat ... Sky Vue might be cheaper but the unit is also smaller

�

then you take Alex Residences vs Echelon ...

Edited by Wt_know, 10 December 2013 - 09:03 PM.

when something happen, here is the million dollar question ... property how?

�

Little India riot won't depress property prices

�

One landlord who owns an apartment in Little India told PropertyGuru that his tenant had already requested to revise the contract from two years to one year and reduce the monthly rent from S$2,500 to S$2,300.

Edited by Wt_know, 10 December 2013 - 10:51 PM.

1st time buyer for EC will huat ah!
stay with parents while waiting for EC to be completed
no levy and hopefully EC price drop a fair bit
let's see what is the price for 2014 launch EC
btw, from CM1 to CM8 ... i have never see price drop leh ... it's either stabilize or creep up tiny bit
no drop or nose dive leh
this means CM is not to bring down the price ... it is merely stabilize it or prevent skyrocketing only
nose dive or crash = tan ku ku ... i'm talking about new launch not resale
�
some PC new launch you probably see price soften abit ... but if you compare size-vs-size and location-vs-location
the price did not went down ... just take Sky Vue vs Sky Habitat ... Sky Vue might be cheaper but the unit is also smaller
�
then you take Alex Residences vs Echelon ...

I doubt Psf will reduce
I think size will reduce to make more affordable

nose dive or crash = tan ku ku ... i'm talking about new launch not resale

�

err... today's new launch is tmr resale..

�

sorry.. you lose me there..

with the insane SSD i dont think resale of new launch going to hit the market anytime soon

Edited by Wt_know, 11 December 2013 - 12:25 AM.

Whoever buys now will be basically out of the market for quite a while.
Buy one, immediately write off min 20% for the first year. Where's the upside?
Therefore in the short term 1 - 5 yrs, buyers are running a much higher risk of illiquidity now more than ever.
Better make sure you can cover your debt payments, dont play play.

with the insane SSD i dont think resale of new launch going to hit the market anytime soon

Haha, want to hit also cannot hit lah....

But if suay suay lose job, personal finance got problem, confirm have to sell at big loss due to SSD.

So dont play play hor.

Applies to all properties impacted by SSD, not only new launches

Edited by Throttle2, 11 December 2013 - 08:46 AM.

so what do the new rules do?

http://www.straitsti...e-units-2013121

What are u waiting for? Skies to drop?

http://www.straitsti...e-units-2013121

What are u waiting for? Skies to drop?

�

no watch no count!

http://www.straitsti...e-units-2013121

What are u waiting for? Skies to drop?

�

wah lau, 1,200+ units sold in 1 month? that's very high compared to average months.

�

looked like affordability is still there.. kudos to developers in carving out smaller and smaller units�

�

and also thank the stock markets�

2014 huat ah !!!

developers and property agents can countdown to 2014 with cuba cigar and dom perignon free flow

Edited by Wt_know, 16 December 2013 - 02:15 PM.

2014 huat ah !!!

developers and property agents can countdown to 2014 with cuba cigar and dom perignon free flow

�

Dom Perignon.. i tot shld be KRUG... :P

�

aniway.. look like only hdb bohoi sei.

I think one day, property agent for high-end property will post ad pic in this thread.

�

They will be wearing fancy watch in the pic to attract attention [grin]

Edited by Myxilplix, 16 December 2013 - 02:24 PM.

Wah......so many loaded people

�
no watch no count!

Sold already my watch to buy property haha

I think one day, property agent for high-end property will post ad pic in this thread.
�
They will be wearing fancy watch in the pic to attract attention

U saying throttle is agent? Haha

Wah......so many loaded people

Should say people dunno where to park their money

U saying throttle is agent? Haha

�

No, saying property agents will copy Throttle and flash watches to get attention for their ads.

�

Only in MCF. No watch no talk.

another record high today? thinking of buying more to hold

�

Sold already my watch to buy property haha

�

�

Ladies and gentlemen.� This is what I call, RICH.

�

Other rich men one watch can buy one car.� This brother's one watch can buy one property.

�

You say satki or not?

another record high today? thinking of buying more to hold
�

wow rupiah weakness.

[quote name="Thaiyotakamli" post="5057800" timestamp="1387183456"]
Sold already my watch to buy property haha

orrrrrr.....you kana exposed already as a super richie .can I be your bff...hee hee

Edited by Staff69, 16 December 2013 - 05:10 PM.

[quote name="Viceroymenthol" post="5057817" timestamp="1387184234"]
�
Ladies and gentlemen.� This is what I call, RICH.
�
Other rich men one watch can buy one car.� This brother's one watch can buy one property.
�
You say satki or not?[/quote]
No sold my watch cos money not enough to pay stamp duty hahaha

[quote name="Thaiyotakamli" post="5057800" timestamp="1387183456"]
Sold already my watch to buy property haha

orrrrrr.....you kana exposed already as a super richie .can I be your bff...hee hee

If i that rich to sell one watch for one property i wouldnt talking in mcf here but go swiss and retire.... Haha

Edited by Thaiyotakamli, 16 December 2013 - 09:04 PM.

KRUG is for bankers ... party all night long starts this weekend till countdown to 2014 ... stock market will be very quiet

�

with extra bonuses ... CCR property cheong ah !!!

�

�

Dom Perignon.. i tot shld be KRUG... :P

�

aniway.. look like only hdb bohoi sei.

�

Edited by Wt_know, 18 December 2013 - 09:33 AM.

wah!!! got watch got talk [laugh] �

�

KRUG is for bankers ... party all night long starts this weekend till countdown to 2014 ... stock market will be very quiet

�

with extra bonuses ... CCR property cheong ah !!!

�

�

�

�

�

KRUG is for bankers ... party all night long starts this weekend till countdown to 2014 ... stock market will be very quiet
�
with extra bonuses ... CCR property cheong ah !!!
�

�
�
�

wah????

With such Chinese name, wonder if JLC is popular in PRC??

Ha ha

�

wah????

�

in chinese it's called ??

ok ... end of OT ... back to property huat ah!

�

With such Chinese name, wonder if JLC is popular in PRC??

Ha ha

�

�

�

Edited by Wt_know, 18 December 2013 - 11:11 AM.

govt chut pattern liao ... supply tight ... demand high ... [thumbsup]

QE continues with usd$75 billions per month + tight supply and high demand = huat ah !!!

private property oversupply? TAN KU KU !!!

can pop champagne already

�

got watch got talk ... i part time only

the resident rolex yoda master is away on holiday ... gotta step up abit to keep the thread alive [:)]

Edited by Wt_know, 19 December 2013 - 08:45 AM.

�come in to support watch thread [grin]

govt chut pattern liao ... supply tight ... demand high ...

QE continues with usd$75 billions per month + tight supply and high demand = huat ah !!!

private property oversupply? TAN KU KU !!!

can pop champagne already

�

�

got watch got talk ... i part time only

the resident rolex yoda master is away on holiday ... gotta step up abit to keep the thread alive

�

Can we merge this with the other atas watch thread already?

�come in to support watch thread

�

�

haiz....authentic fake so common. nahh....show u my double confirm chop genuine gold casio ai mai?�

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govt chut pattern liao ... supply tight ... demand high ...

QE continues with usd$75 billions per month + tight supply and high demand = huat ah !!!

private property oversupply? TAN KU KU !!!

can pop champagne already

�

�

got watch got talk ... i part time only

the resident rolex yoda master is away on holiday ... gotta step up abit to keep the thread alive

�

Why all your picture point at ST website one har? :huh:
�

�

�

haiz....authentic fake so common. nahh....show u my double confirm chop genuine gold casio ai mai?�

�

casio is cheap and good!!! [thumbsup]

�
�
haiz....authentic fake so common. nahh....show u my double confirm chop genuine gold casio ai mai?�

wah dont play play ?????2010 casio

i cheapo read ST online one ma ... unlike throttle ... he can flip newspaper drink wine and puff cigar and snap pix with rolie [thumbsup]

�

�

Why all your picture point at ST website one har?
�

�

Edited by Wt_know, 19 December 2013 - 11:32 AM.

Federal+Reserve+to+taper+massive+US+stim

Rising interest rates is the number one killer for the property market.

Property under $2mil type,*yawn* no point talking, thats under SSS category.

2014-2015 interest rate still near 0 ... this will entice buying interest especially buyer normally focus on the 1st 3 years interest ... hehe

�

Rising interest rates is the number one killer for the property market.

Property under $2mil type,*yawn* no point talking, thats under SSS category.

�

2014-2015 interest rate still near 0 ... this will entice buying interest especially buyer normally focus on the 1st 3 years interest ... hehe
�
�

Yes, no prob, just dont be caught with your pants down, thats all.
Becos, nowadays cannot make money within first 5 yrs.

Edited by Throttle2, 20 December 2013 - 08:42 AM.

Rising interest rates is the number one killer for the property market.

Property under $2mil type,*yawn* no point talking, thats under SSS category.

�

What is SSS category?

how to keep bubbles less bubbly
if ABSD is lifted ... all sure whack like no tomolo
property no crash ... price only has one way to go ...UP
huat ah!!!

http://www.channelne..._medium=twitter

National Development Minister Khaw Boon Wan has said that while the property cycle cannot be completely eliminated, the government can try to keep housing bubbles "less bubbly" by intervening.

Edited by Wt_know, 23 December 2013 - 10:50 PM.

�
What is SSS category?

Sup Sup Suay.

yeah ... SSS sounds about right

anything from $900k-$1.25M = low cost and tight budget buyers

$1.25M-$2M = sup sup suay for mass market buyers

$2M-$2.5M = mid price nia

Sup Sup Suay.

Edited by Wt_know, 23 December 2013 - 11:52 PM.

just look at how developer price their project

�

750sqft = $1M-ish

1000sqft = $1.25M-ish

�

these 2 price brackets cover almost all 2, 2+, 3, 3+ units for 99LH OCR projects

Edited by Wt_know, 24 December 2013 - 12:13 AM.

yeah ... SSS sounds about right

anything from $900k-$1.25M = low cost and tight budget buyers

$1.25M-$2M = sup sup suay for mass market buyers

$2M-$2.5M = mid price nia

Under $2mil buyers are mostly HDB upgraders, mah, isnt it?

the word upgrader is overrated ... more likely slave for the next 20-25 years ... [sweatdrop]

unless upgrade with a leg up with almost paid off for the new property from selling the earlier property

ie: in the previous tok kong example of buy $380k sell $900k and buy a $900k property ... [thumbsup]

�

invisible hand will hold the market from crashing ... dont play play ...

it's a runaway train everybody on board .... cheong ar

�

TOO BIG TO FAIL ... the show must go on

�

Under $2mil buyers are mostly HDB upgraders, mah, isnt it?

�

Edited by Wt_know, 24 December 2013 - 12:21 AM.

how to keep bubbles less bubbly
if ABSD is lifted ... all sure whack like no tomolo
property no crash ... price only has one way to go ...UP
huat ah!!!

http://www.channelne..._medium=twitter
�

�

its all abt expectations.

�

when cooling measures kept coming, prices kept going up coz everyone tot prices wld keep going, coz cooling measures must mean rising prices, which was exactly wat happened.

�

now no need measures liao & instead reduce GLS n BTO, means prices r dropping, so pple thk prices r falling so may not buy.... we'll see

2014 is the year for 99LH private properties

hdb resale will continue to decline in view of cooling measures and restrictions to PR to buy in the 1st 3 years

huat ah for private properties owner !!!

with govt chut pattern of "sharp cut" in land supply ... double huat ah !!!

bubbles continue but less bubbly ... [thumbsup]

Edited by Wt_know, 25 December 2013 - 10:11 AM.

Oh come on now, Singaporeans dont live in Hdbs....do they?
Singaporeans are too rich for that.
They all live in a condo even if it means squeezing granny, and the two kids into a 850sft "3 bedder"

HDBs are meant for rental to foreigners and sale to eligible PRs, right?

Or did i get it wrong? stupid me, forgive me....please

So my house is 1.7 mill means I poor? But yes I have to work till my balls drop. Can't even afford a first hand car right now and definitely not in the future when the lady wants a baby haha.. Hai...

So my house is 1.7 mill means I poor? But yes I have to work till my balls drop. Can't even afford a first hand car right now and definitely not in the future when the lady wants a baby haha.. Hai...

No lah not poor.
Fully paid? Means you are average joe lah.
Can you afford to stop work for a year and still stay financially afloat?

$1.7mil residence is Sup Sup Suay in today's Singapore.
Sorry to burst your bubble

Edited by Throttle2, 25 December 2013 - 01:21 PM.

No lah not poor.
Fully paid? Means you are average joe lah.
Can you afford to stop work for a year and still stay financially afloat?

$1.7mil residence is Sup Sup Suay in today's Singapore.
Sorry to burst your bubble

Damn.... After reading your post, I felt like a farking beggar.... Lol....

Damn.... After reading your post, I felt like a farking beggar.... Lol....

Dont worry lah, we are all in the same boat.
Just that some people dont know only.....

Muayhahahah

mycarforum

Thứ Tư, 4 tháng 1, 2017

Rupiah/Rupee at risk, SG/HK risk property bubble part 12

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