mycarforum: Rupiah/Rupee at risk, SG/HK risk property bubble part 23

Recession proof?!?!?!!???

No one eat foodcourt, no tables to wipes leh.....

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if not recession proof

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then how can the build up of cash�be deployed for property purchases during these times when the possibility of losing job is high?

table wiping is recession proof

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so good....

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if systemic failure i think my belt will be tighten even further

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i thought now is self service, have to clear your own table after makan? [laugh] [laugh] [laugh]

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the best is one of the conversations i had recently ...

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agent : CONFIRM can make money la ... your company buy, you SURE make money

me: you can guarantee

agent: ya ya of course guarantee la you make money

me: ok can you guarantee in writing?

agent: uhhhhh ..cannot la ... im just a salesperson

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"sales" person indeed ...

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u in army dunno wat is call smoke out ah?? [laugh] [laugh]
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Recession proof?!?!?!!???

No one eat foodcourt, no tables to wipes leh.....

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they neber employ FT to replace you ah? [laugh]

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i thought now is self service, have to clear your own table after makan?

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u in army dunno wat is call smoke out ah??
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they neber employ FT to replace you ah?

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i know la haha ... but business is slow. have to entertain myself since there aren't that many calls coming in�

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i thought now is self service, have to clear your own table after makan?

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Let me ask you this ya freak: Do you have the girl remove the condom and bath you after you makan or you DIY? If you DIY then say have the right to say self service. If not then well.... [laugh]

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Let me ask you this ya freak: Do you have the girl remove the condom and bath you after you makan or you DIY? If you DIY then say have the right to say self service. If not then well....

it depends the quality of service, how much u willing to pay. Cheapo kind of cos diy [laugh]

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they neber employ FT to replace you ah?

I never write that off, but they gotta train that bugger first, at least.

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if not recession proof
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then how can the build up of cash�be deployed for property purchases during these times when the possibility of losing job is high?

When times are good, you build up cash reserves.
When times are bad, you go in and buy.
Now where got high possibility of losing job?
So now is good for building cash reserves.
By the time market crack you would have build up enough cash.
I have been building cash for the last 4 years.
Will be building another year or so at least

Edited by Throttle2, 15 April 2014 - 07:42 PM.

table wiping is recession proof

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so good....

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if systemic failure i think my belt will be tighten even further

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Sex trade is recession proof. Just have to ask for less to spread the legs - for the girls [laugh]

I have been building cash for the last 4 years.
Will be building another year or so at least

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means u are looking for prices to be at least below 2010 prices... [rolleyes]

it is also true that those bought in 2010, already collected 4yrs of rent [:)]
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I never write that off, but they gotta train that bugger first, at least.
When times are good, you build up cash reserves.
When times are bad, you go in and buy.
Now where got high possibility of losing job?
So now is good for building cash reserves.
By the time market crack you would have build up enough cash.
I have been building cash for the last 4 years.
Will be building another year or so at least

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what i meant was during bad times,

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for many people, they would still not use the cash reserves built up prior, to go in and buy

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since there would be a high possibility of losing one's job.

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Sex trade is recession proof. Just have to ask for less to spread the legs - for the girls

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recession proof but short lived career for the girls though

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means u are looking for prices to be at least below 2010 prices...
it is also true that those bought in 2010, already collected 4yrs of rent
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Incorrect.
As i already mentioned, i dont look for prices to be anything when i buy.
I dont care so much as where prices are on a stand alone basis.
I care that whereever they are, i can buy if i wanted to on a relative basis
Therefore I build my cash reserves or equivalent.

It is also true that i collected rent and enjoyed a bit of capital appreciation between 2010 until mid 2013 when i sold my investment property. The cash is now put to good use and i am satisfied paying the opportunity cost of holding liquidity. And what makes you think that my returns on investment would be lower than rent?

:)

Edited by Throttle2, 16 April 2014 - 03:04 PM.

T2 is my idol when comes to property ...

T2 is my idol when comes to property ...

dont like that say.
I am not big into properties nor did i make bundles out of it.
Am not worthy of your admiration (unless its about cigars)

I missed a few big chances which could have taken me into retirement 10yrs early.
But i had it easy while people trembled with fear.

Edited by Throttle2, 16 April 2014 - 09:50 PM.

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what i meant was during bad times,
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for many people, they would still not use the cash reserves built up prior, to go in and buy
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since there would be a high possibility of losing one's job.

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recession proof but short lived career for the girls though

Dude, if you had enough cash reserves to buy a real (read: not MM) condo without taking a loan, you wouldnt be afraid to lose your job.

Unless, that is, if you spend like some of the crazy buggers out there.
Then you'll have to take a lifestyle hit.

Therefore, my rule has always been to up my lifestyle only if i can carry it without a job.

Incorrect.
As i already mentioned, i dont look for prices to be anything when i buy.
I dont care so much as where prices are on a stand alone basis.
I care that whereever they are, i can buy if i wanted to on a relative basis
Therefore I build my cash reserves or equivalent.

It is also true that i collected rent and enjoyed a bit of capital appreciation between 2010 until mid 2013 when i sold my investment property. The cash is now put to good use and i am satisfied paying the opportunity cost of holding liquidity. And what makes you think that my returns on investment would be lower than rent?

:)

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waiting from 2010 to 2013 is actually bec already holding and collecting rent.

wow sei, now i really can feel your $ power liao

ya, only those who were waiting and waiting and holding none should be [sweatdrop]

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something for those who are having loans or intent to take loans... [thumbsup]

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Yellen's Mind-the-Gap Goals Rule Says Rates Stay Low for Long

http://www.bloomberg...aps-remain.html

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waiting from 2010 to 2013 is actually bec already holding and collecting rent.
wow sei, now i really can feel your $ power liao
ya, only those who were waiting and waiting and holding none should be
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something for those who are having loans or intent to take loans...
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Yellen's Mind-the-Gap Goals Rule Says Rates Stay Low for Long
http://www.bloomberg...aps-remain.html
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You trying to drum up property sales ?!!. Ahahahahah....
As mentioned, the direction is clear, Downward.
Just how quickly, and how much more than 10% .

Buying a property extends way way beyond just the simple play of interest rates.
Especially with the CMs on credit.
Cash remains KING.

Wahahaha

You trying to drum up property sales ?!!. Ahahahahah....
As mentioned, the direction is clear, Downward.
Just how quickly, and how much more than 10% .

Buying a property extends way way beyond just the simple play of interest rates.
Especially with the CMs on credit.
Cash remains KING.

Wahahaha

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just as u like to drum down, i like to post something to see your counter argument.

of cos i hope to see your conviction based on facts

i am open to learn from anyone, mahahahaha

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just as u like to drum down, i like to post something to see your counter argument.

of cos i hope to see your conviction based on facts

i am open to learn from anyone, mahahahaha

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here, let me help.

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Arguments used: Quarterly basis starting from Jan 2013

analysis options: only searching by condos.�

variables: number of caveats lodged against nationality

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because of the huge chunk of data, i am only electing to display the top 10 results of the searches per quarter:

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Jan to Mar 2013: (take note that properties sold $1.5mil and below make up 71% of sales)

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Company 52 0.33%

Taiwan 63 0.40%

Australia 64 0.41%

United Kingdom 64 0.41%

USA 158 1.01%

India 442 2.82%

Indonesia 693 4.42%

Malaysia 1027 6.56%

China 1285 8.20%

Singapore 11432 72.98%

Total 15664 97.55%

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Apr to Jun 2013:�(take note that properties sold $1.5mil and below make up 76% of sales)

Korea 16 0.32%

Australia 18 0.36%

Company 18 0.36%

Taiwan 29 0.57%

USA 41 0.81%

India 98 1.94%

Indonesia 214 4.24%

Malaysia 322 6.38%

China 330 6.54%

Singapore 3832 75.94%

Total 5046 97.46%

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Jul to Sep 2013:�(take note that properties sold $1.5mil and below make up 71% of sales)

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Korea 9 0.32%

Taiwan 9 0.32%

United Kingdom 10 0.36%

Australia 13 0.47%

USA 34 1.22%

India 61 2.19%

Indonesia 110 3.96%

Malaysia 197 7.08%

China 221 7.95%

Singapore 2047 73.61%

Total 2781 97.48

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Oct to Dec 2013:�(take note that properties sold $1.5mil and below make up 72% of sales)

Taiwan 9 0.40%

Australia 12 0.54%

United Kingdom 12 0.54%

Company 13 0.58%

USA 18 0.81%

India 69 3.09%

Indonesia 75 3.35%

Malaysia 153 6.84%

China 221 9.88%

Singapore 1591 71.15%

Total 2236 97.18

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Jan to Mar 2014:�(take note that properties sold $1.5mil and below make up 66% of sales)

Taiwan 3 0.28%

Australia 5 0.47%

Company 6 0.57%

United Kingdom 10 0.95%

USA 20 1.89%

Indonesia 44 4.16%

India 45 4.26%

Malaysia 68 6.43%

China 126 11.92%

Singapore 695 65.75%

Total 1057 96.69

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now .. it's quite clear to everyone that number of transactions have decreased steadily ...

and while the % mass market sales remained relatively stable, it started decreasing this year (as seen above). of course, i wont even try to convince you that a drop in just 1 quarter means the sky is falling, but based on market sentiment, my assumption is that there definitely seems to be a slowdown (and affordability is an issue if there are less mass market units being sold ...)

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(sorry for the formatting issues, all the tables i pasted didnt come out ..)

Spawn, stop it, you are scaring the masses!!

spawn ... when to enter market? [sly]

i cheapo ... $1.5M for rental ok liao ... no need D10

Edited by Wt_know, 17 April 2014 - 06:16 PM.

Spawn, stop it, you are scaring the masses!!

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hey man, im just a number cruncher. i only spit out the numbers

each person is free to form their own opinion based on hard numbers ;)

spawn ... when to enter market?

i cheapo ... $1.5M for rental ok liao ... no need D10

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bro ... nobody know the timing la. when u enter and u get good tenant and a fair return ... just go for it. if u can secure decent corporate tenant and rental covers mortgage (and a 0.5% increase) .. you can consider liao. cherry on top if can cover mcst and prop tax !

The lowest psf was $1416, so effectively only 3.3% drop le.

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But if compare the highest psf $1893, then it is a whopping 27.6%.

More clarify now, indeed it is about 10% drop ($1416 -> $1267). [thumbsup]

Attached Thumbnails

Wow so cheap!!!!?!

Wow so cheap!!!!?!

ya, cheaper than Jurong area

More clarify now, indeed it is about 10% drop ($1416 -> $1267).

Actually more than 10% becos these are not negotiated prices yet.

Actually more than 10% becos these are not negotiated prices yet.

That price for facing mrt tracks and low floor units or unit with 04 number

ya, cheaper than Jurong area

Soon will hear good news of high percentage of soldout

Wow so cheap!!!!?!

Maybe still ex cos its 99 but heck care, near MRT is much better than Freehold

That price for facing mrt tracks and low floor units or unit with 04 number

Soon will hear good news of high percentage of soldout

Maybe still ex cos its 99 but heck care, near MRT is much better than Freehold

I dont care lah
$1200psf i also wont buy..

wah ... 1200-1300psf is "affordable" in all developer and agent point of view

if you ask any agent for advice ... whack la ... [laugh]

Edited by Wt_know, 18 April 2014 - 05:44 PM.

Higher floors, non mrt track facing, non HDB fscing and non West facing can get at the advertised price or not?

wah ... 1200-1300psf is "affordable" in all developer and agent point of view
if you ask any agent for advice ... whack la ...

Yah he sure ask u whack or else he got no bowl of rice to eat.

wah ... 1200-1300psf is "affordable" in all developer and agent point of view
if you ask any agent for advice ... whack la ...

Tell him that you are also marketing the same development, he whack from you , you whack from him lor...

So many agents marketing the same development. If it is so damn good, they only need to buy from each other and then wait a few years huat lor!

everyday i heard that buyer pool is drying up

but again and again ... developer is sibei bullish that every project will sell

they know something that we don't know? [sly]

Attached Thumbnails

Edited by Wt_know, 19 April 2014 - 01:02 PM.

everyday i heard that buyer pool is drying up
but again and again ... developer is sibei bullish that every project will sell
they know something that we don't know?

Aiyoh! Plse lah, brother.

Who doesnt know that from 2014 onwards there is going to be a surge of property launches.
The developers who jumped on the bandwagon a few years ago have to all let it go let it go....otherwise kena frozen, wahahahaha ...supply will flood the market. So many projects still not fully sold after 2-3yrs.

i can tell you, the developers have only one card to play now.
That is to shrink. The size and the price.
Who cant afford a $1mil aprartment right?
And who cares how big or where it is as long as we can say"we own a condo" right?

Huat ah!

I dont care lah
$1200psf i also wont buy..

agent said he sold 3 units today. Overall moved 100 units after the price cut, don't know�how true.

Edited by Jp66, 19 April 2014 - 04:57 PM.

agent said he sold 3 units today. Overall moved 100 units after the price cut, don't know�how true.

Good for him.
If after price move still cannot sell. Then he really huat liao, muayhahahaha!

So how many more units unsold? 200?

Good for him.
If after price move still cannot sell. Then he really huat liao, muayhahahaha!

So how many more units unsold? 200?

should be around 230. Many HUGE unit (>1500 sqf) still available, cheapest is 2.2M. [shakehead]

should be around 230. Many HUGE unit (>1500 sqf) still available, cheapest is 2.2M.

230 units?

Wwwahahahahahahahahahaha!!!

Another few round of price reduction perhaps?

230 units?

Wwwahahahahahahahahahaha!!!

Another few round of price reduction perhaps?

Why so happy?

In the first place the gahmen up the price by placing ABSD and TDSR, which must be in full cash.

So even if price drop 10%, it is still the same price before the govt put the stamp duty in fact u pay more cash ratio. So unless u see further drop to a level whereby people can afford the cash in front then thats the real price reduction

Don't get fooled by MIW, in the caveat lodge the price dropped but u still pay the same just that u pay more to gahmen instead of developer and this scheme will only benefit people like first timer buyers not for T2 bro who had so many properties collection

Edited by Thaiyotakamli, 20 April 2014 - 12:42 AM.

Why so happy?

In the first place the gahmen up the price by placing ABSD and TDSR, which must be in full cash.

So even if price drop 10%, it is still the same price before the govt put the stamp duty in fact u pay more cash ratio. So unless u see further drop to a level whereby people can afford the cash in front then thats the real price reduction

Don't get fooled by MIW, in the caveat lodge the price dropped but u still pay the same just that u pay more to gahmen instead of developer and this scheme will only benefit people like first timer buyers not for T2 bro who had so many properties collection

Excuse me, i only have the roof over my head. I am not viceroy.

In the first place the gahmen up the price by placing ABSD and TDSR, which must be in full cash.

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I thought ABSD can pay by CPF?

I thought ABSD can pay by CPF?

From what i know full cash, where got people pay tax by cpf? Maybe depend

Edited by Thaiyotakamli, 20 April 2014 - 09:17 PM.

developer absorb ABSD and sell you the unit at higher price then can pay by cpf lor [sly]

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I thought ABSD can pay by CPF?

Edited by Wt_know, 20 April 2014 - 09:33 PM.

just checked ura realis data... most rents are flatlining or starting to trend down liao. prices rangebound sideways mostly.

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From wat can be deduced, the rental asking to actual contracted spread is abt 10-15%, so u can minus that % off propertyguru rental asking prices to get a better idea where actual rents are..

just checked ura realis data... most rents are flatlining or starting to trend down liao. prices rangebound sideways mostly.

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From wat can be deduced, the rental asking to actual contracted spread is abt 10-15%, so u can minus that % off propertyguru rental asking prices to get a better idea where actual rents are..

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yup its definitely a renters market at the moment ...�

sky habitat ... huat ah! slash slash slash ... will capitaland slash more to clear since there is still 48% unsold

if capitaland slash price to $1300psf for sky habitat ... renowed design + bishan mrt

will simi simi jurong lake condo slash to $1100-$1200psf?

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Sky Habitat relaunch draws crowds with lower prices
ATTRACTIVE pricing and a revamped showflat drew a crowd of buyers at the Sky Habitat project in Bishan over the weekend.
The Straits Times - April 21, 2014
By: Melissa Tan

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ATTRACTIVE pricing and a revamped showflat drew a crowd of buyers at the Sky Habitat project in Bishan over the weekend.

Developer CapitaLand sold 80 units last Saturday as the Bishan Street 15 project - once known as the most expensive suburban condominium in Singapore - was relaunched with prices slashed by an estimated 10 per cent to 15 per cent.

This brings the total number of homes sold at the 509-unit condo so far to 262.

Sales figures for yesterday were not available.

The strong response at the relaunch showed that buyers were still very price-sensitive, analysts said yesterday.

Prices at Sky Habitat's relaunch ranged from $1,276 per sq ft (psf) to $1,590 psf, CapitaLand said.

This is about 10 per cent to 15 per cent lower than the price range of $1,435 psf to $1,893 psf at the project's launch two years ago.

CapitaLand said that absolute prices ranged from $984,000 for a one-bedroom plus study unit and up to $2.18 million for a three-bedder.

Its spokesman noted in a statement yesterday that since Sky Habitat's initial launch in April 2012, several additional cooling measures have been introduced.

"Developers have to make necessary adjustments in view of the prevailing market conditions... It would not be meaningful to compare prices of units bought at different points in time," she said.

The most popular units last Saturday were the three-bedders, the spokesman said, adding that about 200 cheques were collected for balloting.

Buyers at the showflat yesterday told The Straits Times that the project appealed to them because of its location near Bishan MRT station and its design by star architect Moshe Safdie.

The discounted prices helped to seal the deal, they added.

"The pricing is attractive and the design is iconic," said Madam Lilian Teo, 40, who works in the energy industry. She bought a 1,249 sq ft three-bedder for around $1.63 million or $1,304 psf.

Another buyer, Mr Lau Yuk Mun, 54, said he picked up a one-bedroom plus study unit as an investment after seeing the redesigned showflat for the 710 sq ft apartment.

"The showflat optimised the usage of space and showed that it could be well utilised... The price is also more attractive now," he said.

He paid $1,411 psf or slightly more than $1 million for the unit, and said he hopes to reap a rental yield of 4 per cent to 6 per cent.

Mr Mohamed Ismail, chief executive of real estate agency PropNex, said the solid sales show that buyers and investors are "not ready to buy if the price is not right".

CapitaLand has pared prices at other projects before.

It slashed prices at the 1,040-unit The Interlace early last year, bringing the total discount to as much as 20 per cent. Before that, it also cut prices at the 1,715-unit D'Leedon by up to 15 per cent.

Sky Habitat's next-door neighbour Sky Vue, also developed by CapitaLand, launched in September last year.

It moved nine units last month at a median price of $1,532 psf and sold 494 out of its 694 units by the end of last month, according to Urban Redevelopment Authority data.

Edited by Wt_know, 21 April 2014 - 07:06 PM.

sky habitat ... huat ah! slash slash slash ... will capitaland slash more to clear since there is still 48% unsold
if capitaland slash price to $1300psf for sky habitat ... renowed design + bishan mrt
will simi simi jurong lake condo slash to $1100-$1200psf?
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So am i right or am i right?

15% to 20% down is a given.

u r right ... u r right

but all the tok kong property seminar ... projected 5% drop MAX !!! .... lol

So am i right or am i right?

15% to 20% down is a given.

Edited by Wt_know, 21 April 2014 - 09:32 PM.

u r right ... u r right

but all the tok kong property seminar ... projected 5% drop MAX !!! .... lol

Thats becos all the tok kok property seminar use tok kok property agent cum expert as speakers projected by tok kok property agents cum analyst.

Oops i spelt tok kong wrongly, plse forgive me...

Thats becos all the tok kok property seminar use tok kok property agent cum expert as speakers projected by tok kok property agents cum analyst.

Oops i spelt tok kong wrongly, plse forgive me...

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more like ketuk lah!

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aiya, now we also have my condo forum it seems ^^ hahaha

To the experts here, now we see 15% drop. Is it right time to go in now?

$1.5M drop to $1.275M

$1.25M drop to $1.06M

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steam ah ... another 5-7% drop would be sweet to defray ABSD ... lol

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To the experts here, now we see 15% drop. Is it right time to go in now?

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To the experts here, now we see 15% drop. Is it right time to go in now?

Go in when comfortable if it is your primary residence.
You need a roof over your head to move on.
Sometimes, moving on is more important than money.

But for investment, this is just the start.
You should know better, right?

To the experts here, now we see 15% drop. Is it right time to go in now?

havent see 15% drop la. 1-2 developers lowering their prices doesnt mean 15% drop .. but its a sign of things to come ..

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with that being said, dont always assume that the big boys know what they are doing .. i have seen some major f**k ups from some big boys before ... :)

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like T2 says ... follow your gut sometimes ... and if you need a roof over you head, then pay the price you feel is a good deal for you.

To the experts here, now we see 15% drop. Is it right time to go in now?

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theres no global recession now, plus wat we r witnessing now in SG prop is potentially a secular bear mkt. To me property is a commodity which is supply demand driven. So even if all the cooling measures were removed, some buyers will return but it cannot portend the fact the big supply fact near term, unless garmen suddenly boost� our population up, which is unlikely before next GE.

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I already noticed some resale props transacted at 2011 prices liao, so if u get can one at close to 2010 prices & ownstay, then yes sounds good. If u max upside in the shortest period possible, then ahve to wait for global downturn.

To the experts here, now we see 15% drop. Is it right time to go in now?

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where where?

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the old suburban condo i eyeing from last year was asking $1.3m. Now still $1.3m, but with a caveat that it is negotiable..

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Maybe i can approach the agent and ask $1.1m can deal or not..�

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where where?

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the old suburban condo i eyeing from last year was asking $1.3m. Now still $1.3m, but with a caveat that it is negotiable..

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Maybe i can approach the agent and ask $1.1m can deal or not..�

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just give a cheque and try lah! these days agents hungry for business ... no harm to try with a cheque (but ensure you give deadline so they dont flash your cheque around .. even though the buyer pool is drying up)

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just give a cheque and try lah! these days agents hungry for business ... no harm to try with a cheque (but ensure you give deadline so they dont flash your cheque around .. even though the buyer pool is drying up)

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already told the agent my price long ago.

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if he sense that the seller could bite, would have called me back

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anyway i will go try again LOL

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already told the agent my price long ago.

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if he sense that the seller could bite, would have called me back

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anyway i will go try again LOL

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Try again but offer 1m only with a straight and serious face. Tell them your next offer will be even lower.

Wah raus..nnb..

1,249 sq ft three-bedder for around $1.63 million

Wah raus..nnb..

1,249 sq ft three-bedder for around $1.63 million

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Willing Buyer ... Willing Seller ... COE $90K also got people buy car to last 10 years ... You say leh ...� [laugh]

what's the willing buyer $psf for OCR .... $1000psf $1100psf $1200psf?

Edited by Wt_know, 22 April 2014 - 11:14 AM.

what's the willing buyer $psf for OCR .... $1000psf $1100psf $1200psf?

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$500psf freehold

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where where?
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the old suburban condo i eyeing from last year was asking $1.3m. Now still $1.3m, but with a caveat that it is negotiable..
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Maybe i can approach the agent and ask $1.1m can deal or not..�

Look , you know you have been eyeing since last year and it is still not sold.
Therefore it's a matter of you gian more or the seller gian more.
There are also many sellers who are waiting for a Robert.

A true seller will price the property in line with market.
Just as a true buyer will offer in line with market.
So where do you think the market is headed. Up or down?
When transacting a property deal whether as buyer or seller, the most important thing is that both parties are motivated and realistic.

If one hang up high to sell and one lowball, then it means both not true seller nor buyer. No deal. Waste time.

You will see a lot of landed houses unsold for more than 2 yrs in the market. Why? Becos the demand is just so much only. And there are only so many Roberts out there. People are not stupid. In an uptrend market prices go up, in a downtrend market prices go down. Skmple as that

Look , you know you have been eyeing since last year and it is still not sold.
Therefore it's a matter of you gian more or the seller gian more.
There are also many sellers who are waiting for a Robert.

A true seller will price the property in line with market.
Just as a true buyer will offer in line with market.
So where do you think the market is headed. Up or down?
When transacting a property deal whether as buyer or seller, the most important thing is that both parties are motivated and realistic.

If one hang up high to sell and one lowball, then it means both not true seller nor buyer. No deal. Waste time.

You will see a lot of landed houses unsold for more than 2 yrs in the market. Why? Becos the demand is just so much only. And there are only so many Roberts out there. People are not stupid. In an uptrend market prices go up, in a downtrend market prices go down. Skmple as that

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to clarify, i was referring to a particular development, not a particuar unit.

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There are listings for several same type units, all asking at the same price (>3% variance)

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You are right that the asking and offer has to be realistic. Hence i have not contacted the agents for a long time since i am still adamant not to pay more than $1.1m. i dont want to waste their time too.

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Guess i have to wait until next year to see how it goes�

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to clarify, i was referring to a particular development, not a particuar unit.

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There are listings for several same type units, all asking at the same price (>3% variance)

�

You are right that the asking and offer has to be realistic. Hence i have not contacted the agents for a long time since i am still adamant not to pay more than $1.1m. i dont want to waste their time too.

�

Guess i have to wait until next year to see how it goes�

�

do u know if any caveats done in the bldg? do u check regularly ? always good to know and see if other sellers were more realistic ...

ive been receiving alot more property launch SMS recently... developers all making hay while sun shines.

�

Theyre probably expecting lower prices by year end so better move all units first before cannot move at all IMO.

�

Good lah suck more $ out of system, then less liquidity then easier to nego with resale unit sellers for me :)

�

Willing Buyer ... Willing Seller ... COE $90K also got people buy car to last 10 years ... You say leh ...�

�

arctually hor, that $$$psf might as well buy Commomwealth Towers? better location no?

Edited by Mockngbrd, 22 April 2014 - 02:19 PM.

depends on perspective

some see the word BISHAN is worth $1M liao

�

�

arctually hor, that $$$psf might as well buy Commomwealth Towers? better location no?

�

depends on perspective

some see the word BISHAN is worth $1M liao

�

�

�

during bull mkt, everything is too cheap.

�

in bear, more n more questions surface.
�

Wah raus..nnb..

1,249 sq ft three-bedder for around $1.63 million

ABSD $200k++

�

Huat AH!

FYI some D9/10 freehold resale condos already asking ard 1600psf, so shld b able to close below that :)...

Edited by Duckduck, 22 April 2014 - 02:38 PM.

depends on perspective

some see the word BISHAN is worth $1M liao

�

�

�

Bishan got several good schools within 2 km and shopping mall and crematorium.� Want to go visit dead relatives is very convenient.

�

Commonwealth got pai kia schools within 2 km and car showrooms and IKEA and near Holland V plus Orchard.

�

Next time want to work as car salesman very convenient.

�

I would not buy either one.� For the same amount of money, I would buy a bigger sized, older, freehold, resale condo in River Valley or Novena/Newton and renovate it.� Think will still have $$$$ left over for a Panamera or Cayenne.

�

Bishan got several good schools within 2 km and shopping mall and crematorium.� Want to go visit dead relatives is very convenient.

�

Commonwealth got pai kia schools within 2 km and car showrooms and IKEA and near Holland V plus Orchard.

�

Next time want to work as car salesman very convenient.

�

I would not buy either one.� For the same amount of money, I would buy a bigger sized, older, freehold, resale condo in River Valley or Novena/Newton and renovate it.� Think will still have $$$$ left over for a Panamera or Cayenne.

�

that was along the same lines of why i went for RV ... bishan calling $1300 psf? better cheong for d9/10 FH at that price. some more so convenient ... these days can just stroll down to wheel lock and not have to worry about parking.

�

a pity that there are a lot of poorly maintained condos in RV. i guess a lot of renters .... some of the houses we saw were in disastrous shape man ><

�

that was along the same lines of why i went for RV ... bishan calling $1300 psf? better cheong for d9/10 FH at that price. some more so convenient ... these days can just stroll down to wheel lock and not have to worry about parking.

�

a pity that there are a lot of poorly maintained condos in RV. i guess a lot of renters .... some of the houses we saw were in disastrous shape man ><

�

RV has big supply due to allgreen's projects so alot of old condos rental under pressure
�

�

RV has big supply due to allgreen's projects so alot of old condos rental under pressure
�

�

i know when i went to select tel phone no imagine my surprise they had sooo many pages because they had to keep aside for all the new projects there ... haha

�

How much?

Attached Files

�Kylie Tan - Singapore LinkedIn.pdf ��98.61KB ��52 downloads

Ahahahahaa

give chance a bit lar, afterall, she's a gal.

�

don't flame me ok [lipsrsealed]

Edited by frenchfly, 22 April 2014 - 09:32 PM.

Yeah right very correct the property markets are very quiet now .�

�

Some of the New Launch Condo , are left unsold not like the past 2 , 3 years where they are snatched up in no time .�

�

Still there is a �saying, do not time the market but find the quality value one , is the way to go .

�

New Launch Condo , click here, some great condo for your viewing.�

YOU can call Throttle2 personally on his mobile number 9118 8898

�

But prob is you wont earn commission from bank as he will be paying full cash

�

How much?

LOL

�

How much?

�

PWNED.

wah lau, at least register the nick using a fake name lah LOL

�

How much?

�

how much for how long? LOL

�

use her name as nick... she must be newbie lah duno how to remain anonymous.

Edited by Duckduck, 23 April 2014 - 10:29 AM.

�

not bad

Higher ratio of HDB dwellers goes for small private units Those with private addresses bought mostly over-1,000 sq ft units in Q1

The Business Times�- April 24, 2014�
By: Kalpana Rashiwala

Share on facebook Share on twitter Share on email Share on favorites Share on print|More Sharing ServicesMore

�

200xNx161865__1398305560.jpg.pagespeed.i

[SINGAPORE] A larger proportion of private apartments andcondos�bought by those with�HDB�addresses in the first quarter were smaller units of up to 800 square feet, compared to buyers with private addresses, shows a caveats analysis by DTZ.

Buyers with�HDB�addresses acquired a total of 892 non-landed private homes in the first quarter of this year. Of these, 453 units or 51 per cent were for units of up to 800 sq ft, up from a 44 per cent share for the whole of last year. The proportion has been climbing steadily in recent years, from 25 per cent in 2010 to 32 per cent in 2011 and 36 per cent in 2012.

DTZ's South-east Asia chief operating officer Ong Choon Fah said: "Those with HDB addresses could be buying a higher proportion of smaller units as the investment sum is much smaller; it comes down to affordability and managing risks. Morever, if they buy from developers, they enjoy progressive payment terms i.e. they pay for the purchase price according to the phases of the project's physical completion. If they are buying for investment, they are unlikely to want to sell until after the project has been completed - as typically, you see a price spike just before a project receives Temporary Occupation Permit (TOP). Every little bit helps."

In contrast, only about 29 per cent of the 1,014 non-landed private homes bought by those with private addresses in Q1 this year were for units up to 800 sq ft. The bulk of their purchases, 59 per cent, involved units larger than 1,000 sq ft, up from a 54 per cent share for the whole of last year.

DTZ said the increase in the proportion of purchases of non-landed private homes up to 800 sq ft by buyers with HDB addresses is probably due to them being more active in the primary or developer sales market. In Q1 2014, about 65 per cent or 581 of the total 892 non-landed private homes (of all sizes) bought by those with HDB addresses were purchased in the primary market, that is, from developers.

Lee Lay Keng, regional head (SEA), research at DTZ, noted that developers have continued to mint a higher proportion of smaller units in new projects to keep overall price quantum affordable for buyers, in view of the total debt servicing ratio (TDSR) framework and earlier cooling measures.

"For those planning to invest, picking up a residential�property�from a developer at a new launch means that they enjoy the progressive payment scheme and yet can sell off the unit on receipt of TOP four years later, to avoid paying the seller's stamp duty," she added.

Put another way, of the total of 750 units of up to 800 sq ft transacted in Q1 2014, 453 units or 60 per cent were acquired by those living in HDB flats and 40 per cent by those with private addresses. It was the reverse situation for bigger units (above 1,000 sq ft). Buyers with private addresses mopped up 66 per cent of the 911 units in this size category that were sold in Q1, with purchasers with HDB addresses picking up the balance 34 per cent.

Market watchers expect small private apartments/condos to continue to be highly sought after by HDB dwellers and likewise expect developers to continue building a high proportion of such units to cater to buyers sensitive about lump-sum pricing.

"At most new launches these days, typically the smaller units - the one and two-bedders - sell the fastest," observed Mrs Ong.

Chesterton�Singapore�managing director Donald Han estimates that about two-thirds of HDB upgraders would be living in three or four-room HDB flats and their preferred investment in the private segment would be units less than 800 sq ft, that is, one or two-bedders - in line with their affordablility.

"Some may be buying private homes for owner occupation while keeping their HDB flats to lease out as a longer-term investment, given that net rental yields are higher for HDB flats at about 4 to 5 per cent compared to 3 to 4 per cent for private apartments.

"However, things may start to change this year if the deceleration in HDB resale prices gathers momentum. Then two things could happen. First, the wealth effect will start to diminish and some HDB dwellers may no longer wish to upgrade. Second, those in five-room HDB flats, who might previously have bought a two or three-bedder private condo, may instead opt for a one or two-bedder condo. So the signs point to continued demand for small units."

Sign points to smaller units or does he meant to say lower prices?

throttle met his match

�

10277845_10151994278532115_1429768911223

wahahahahahaha .... got watch got talk

�

throttle met his match

�

�

throttle met his match

�

�

match? u talking abt 5 match sticks ah?

what is the level of affordability?

build smaller and smaller unit but not lower prices ... $1M-$1.5M is here to stay for the mass market [sly]

�

Housing market still struggling, report reveals

�

To entice buyers, developers dangled offers in the form of furniture vouchers, early-bird discounts, direct price discounts and partial absorption of stamp duty. But the allure of these promotions was outweighed by affordability concerns.

Edited by Wt_know, 24 April 2014 - 03:04 PM.

what is the level of affordability ... $1.5M ?

build smaller and smaller unit like HK?

�

Housing market still struggling, report reveals

�

�

Assuming 2nd property at $1.5M, dp + ABSD will cost $450K. With rental of $4K let say, how many years to recoup back the duty? The first 3 years of rental yield is like a free gift to govt.

It says many buyer of the small units (800sqft)�are hdb dweller. Moving from 110sqm space to pathetic 75sqm is consider upgrade?�

yes ... just like camry/accord 2.4 to bmw 116i

�

It says many buyer of the small units (800sqft)�are hdb dweller. Moving from 110sqm space to pathetic 75sqm is consider upgrade?�

�

It says many buyer of the small units (800sqft)�are hdb dweller. Moving from 110sqm space to pathetic 75sqm is consider upgrade?�

�

of course! condo got pool, bbq pit, gym and security guard

�

plus can haolian that u stay in private

�

worth it, even if you have to squeeze 3 kids into a room cos you can only afford the 600 sqft 2 bedroom condo next to LRT.

�

of course! condo got pool, bbq pit, gym and security guard

�

plus can haolian that u stay in private

�

worth it, even if you have to squeeze 3 kids into a room cos you can only afford the 600 sqft 2 bedroom condo next to LRT.

�

piang. i 900sqft already find it tight. not enough space. how can someone squeeze in 3 kids some more??

the recent relaunch of sky habitat ... 600-700sqft buyer said the ID sibei tok kong ... makes the unit very "spacious" ... hehe

�

�

piang. i 900sqft already find it tight. not enough space. how can someone squeeze in 3 kids some more??

�

the recent relaunch of sky habitat ... 600-700sqft buyer said the ID sibei tok kong ... makes the unit very "spacious" ... hehe

�

�

�

more like bulls**t la. built in space is ... well, built in space. you can optimize here and there, but you're still living in cramped quarters at the end of the day ><

�

piang. i 900sqft already find it tight. not enough space. how can someone squeeze in 3 kids some more??

�

I recalled reading a newspaper interview some years back

�

a upgrader was quoted saying that he had been saving for decades and can now finally upgrade to a condo in Pasir Ris (or tampines, cant remember)

�

Anyway, i almost fainted when i saw that he bought a 2 bedroom condo. And he was "upgrading" from an exec flat.

�

And he had 3 children (pri or sec school age)

�

[thumbsup] � �

�

more like bulls**t la. built in space is ... well, built in space. you can optimize here and there, but you're still living in cramped quarters at the end of the day ><

�

BS it may be, but credit to agents who can make you feel like a million dollars for having creative ID to overcome small spaces

�

Similar to when agents pull out the report that average household size is shrinking, thus it is perfectly acceptable and reasonable that our average living space should shrink as well.�

�

I recalled reading a newspaper interview some years back

�

a upgrader was quoted saying that he had been saving for decades and can now finally upgrade to a condo in Pasir Ris (or tampines, cant remember)

�

Anyway, i almost fainted when i saw that he bought a 2 bedroom condo. And he was "upgrading" from an exec flat.

�

And he had 3 children (pri or sec school age)

�

� �

�

BS it may be, but credit to agents who can make you feel like a million dollars for having creative ID to overcome small spaces

�

Similar to when agents pull out the report that average household size is shrinking, thus it is perfectly acceptable and reasonable that our average living space should shrink as well.�

�

i really miss the good old days of when developers focused on built in area, instead of trying to sell you a balcony to sleep in! *sigh*

�

3 kids is hard man in a 2 bedder. plus my place isnt set up for kids (i just realized that ..now >< )

�

oh well ...

�

i really miss the good old days of when developers focused on built in area, instead of trying to sell you a balcony to sleep in! *sigh*

�

3 kids is hard man in a 2 bedder. plus my place isnt set up for kids (i just realized that ..now >< )

�

oh well ...

�

It was never meant to be a family-oriented place and it was never marketed as one.� More for singles and couples.... sexy living... you know, that kind of thing.� Especially for your unique unit.

Edited by Viceroymenthol, 24 April 2014 - 05:32 PM.

yes ... just like camry/accord 2.4 to bmw 116i

�

�

�

Haha...to some people maybe. I certainly value space rather than those facilities and what not.

Edited by Roh96, 24 April 2014 - 05:32 PM.

�

It was never meant to be a family-oriented place and it was never marketed as one.� More for singles and couples.... sexy living... you know, that kind of thing.� Especially for your poolside unit.

�

That's why most condo ad on TV only show a beautiful gal with her handsome bf, both enjoying sexy living. And not showing how a family with 2 or 3 kids living in the unit.

�

It was never meant to be a family-oriented place and it was never marketed as one.� More for singles and couples.... sexy living... you know, that kind of thing.� Especially for your unique unit.

�

yes, there will be sexy time ^^

�

i know man, i have yet to see 1 kid in the entire building!!! lol

�
of course! condo got pool, bbq pit, gym and security guard
�
plus can haolian that u stay in private
�
worth it, even if you have to squeeze 3 kids into a room cos you can only afford the 600 sqft 2 bedroom condo next to LRT.

Siao. I already feel the squeeze in 110sqm five room flat liao

Hahahah becos of face face face.

Well done Mass Market Singapore, you have thrown your hard earned money to the agents and the developers yet again.

*clap clap*

Siao. I already feel the squeeze in 110sqm five room flat liao

Becos 110sqm should have been a 4 rm flat .

5-room flat with 3 or 4 bedrooms one?
nowadays most 5-room flat with 3 bedrooms only

Siao. I already feel the squeeze in 110sqm five room flat liao

throttle met his match
�

I lose to him lah, i only wear fake Rolex, he wear fake Rm.
You lagi lose, you wear fake IWC.

Muayhahaha

�

It was never meant to be a family-oriented place and it was never marketed as one.� More for singles and couples.... sexy living... you know, that kind of thing.� Especially for your unique unit.

�

LOL yup yup... 2* Shanghai Rd

Siao. I already feel the squeeze in 110sqm five room flat liao

�

I'm the odd one out in that I prefer small cosy units. Easier to maintain and clean. And because I just like it cosy.

what is the level of affordability?

build smaller and smaller unit but not lower prices ... $1M-$1.5M is here to stay for the mass market

�

Housing market still struggling, report reveals

�

so in fact condo price remain the same?

�
I'm the odd one out in that I prefer small cosy units. Easier to maintain and clean. And because I just like it cosy.

Brother , try small and cosy with two kids......

You single, of course lah....

But then, last time i single, my apartment also 1820sft with 3 big bedrooms.
I a bit claustrophobic , i think

so in fact condo price remain the same?

Same, my a$$

Brother , try small and cosy with two kids......

You single, of course lah....

But then, last time i single, my apartment also 1820sft with 3 big bedrooms.
I a bit claustrophobic , i think

Same, my a$$

eh they never factor in the absd mah

�

somemore current price same about same with last time but smaller

Brother , try small and cosy with two kids......

You single, of course lah....

But then, last time i single, my apartment also 1820sft with 3 big bedrooms.
I a bit claustrophobic , i think

Same, my a$$

Your arms so muscular. 1820 sq ft where got enough.

�

LOL yup yup... 2* Shanghai Rd

�

I'm the odd one out in that I prefer small cosy units. Easier to maintain and clean. And because I just like it cosy.

�

i lend you 3 kids to stay for a day first, the you tell me you like it cosy or easy to maintain and clean

�

5-room flat with 3 or 4 bedrooms one?
nowadays most 5-room flat with 3 bedrooms only
�

�

110sqm usually 3 bedrooms

�

i lend you 3 kids to stay for a day first, the you tell me you like it cosy or easy to maintain and clean

�

�

110sqm usually 3 bedrooms

Porker

�

looks like new job for you lol ..

�

Porker

�

looks like new job for you lol ..

�

�

any couples considering to have kids and want to have a trial first, can PM me

�

from toddler to pri 1 to pre teen, take your pick which stage you would like to experience

�

or take all 3 for the complete experience

�

5-room flat with 3 or 4 bedrooms one?
nowadays most 5-room flat with 3 bedrooms only
�

�

5 room flat with 4 bedrooms just means that the living area is sacrificed�

�

only applies to old flats which are more than 120sqm

�

new flats at 110sqm will not be able to accommodate 4 bedrooms for sure

that's my point ... 5-rooms flat ... 3 bedrooms ... sibei 'kelong'

�

hdb ... 5rooms flat 110sqm

condo ... 3rooms 75sqm

�

both are 3 bedrooms ... and condo scarifice another 1/2 bedroom space to a balcony ... lol

Edited by Wt_know, 25 April 2014 - 09:33 AM.

�

LOL yup yup... 2* Shanghai Rd

�

I'm the odd one out in that I prefer small cosy units. Easier to maintain and clean. And because I just like it cosy.

�

U don't need big units lah. just u and your bf who occasionally sleeps over right?�

so in fact condo price remain the same?

�

PSF would remain the same in near future

�

overall quantum may reduce as developers choose to slash area instead of psf price

that's my point ... 5-rooms flat ... 3 bedrooms ... sibei 'kelong'

�

hdb ... 5rooms flat 110sqm

condo ... 3rooms 75sqm

�

both are 3 bedrooms ...

�

u forgot that for condo, the area is usually quite inefficient. so 75sqm would be 70sqm of usable space

Why buy BTO when earn less than $10k per month also can stay condo leh?

�

Exec condos helping people meet their housing aspirations: Khaw

Some 86% of EC buyers in the last three years are HDB dwellers, he says

LYNETTE KHOO

.com.sg'>lynkhoo.com.sg��

PRINT�|EMAIL�THIS ARTICLE

Most buyers of executive condominiums (ECs) in the past three years are HDB dwellers, suggesting that the EC scheme is still helping Singaporeans to meet their aspirations for private housing, said Minister for National Development Khaw Boon Wan�- PHOTO: ST

�

11,000 EC buyers

[SINGAPORE] Most buyers of executive condominiums (ECs) in the past three years are HDB dwellers, suggesting that the EC scheme is still helping Singaporeans to meet their aspirations for private housing, said Minister for National Development Khaw Boon Wan.

In a blog post yesterday, Mr Khaw revealed that 11,000 Singaporean families bought ECs from Q4 2010 to Q4 2013.

About 86 per cent of the buyers are HDB dwellers and 55 per cent are second-timer households. Some 80 per cent earned $10,000 or less.

ECs are public-private hybrid built by private developers to allow eligible families to own a private condo at way below market price. First-timer households can enjoy a CPF Housing Grant and sales restrictions are fully lifted after 10 years.

Since the income ceiling for ECs was raised from $10,000 to $12,000 in 2011, there was a shift in profile of EC buyers over a one-year period, Mr Khaw observed.

The proportion of second-timers rose from 43 per cent to 57 per cent and those aged between 35 and 44 increased from 35 per cent to 43 per cent. "I will continue to make sure that the EC scheme stays on track, to serve the housing needs of Singaporeans," Mr Khaw said.

Recent analysis of caveats by property consultants suggests that the proportion of private condos bought by HDB dwellers has increased gradually.

In the first quarter, about 45 per cent of all buyers of private condos have HDB addresses, up from 38 per cent in the same period in 2011. A higher proportion of these buyers with HDB addresses are going for smaller units of less than 800 sq ft.

Given the muted market conditions, developers are downsizing their units to make the overall price quantum of private condominiums more affordable for buyers, DTZ had said.

�

Why buy BTO when earn less than $10k per month also can stay condo leh?

�

Exec condos helping people meet their housing aspirations: Khaw

Some 86% of EC buyers in the last three years are HDB dwellers, he says

BY

LYNETTE KHOO

.com.sg'>lynkhoo.com.sg��

PRINT�|EMAIL�THIS ARTICLE

�

Most buyers of executive condominiums (ECs) in the past three years are HDB dwellers, suggesting that the EC scheme is still helping Singaporeans to meet their aspirations for private housing, said Minister for National Development Khaw Boon Wan�- PHOTO: ST

�

�

11,000 EC buyers

[SINGAPORE] Most buyers of executive condominiums (ECs) in the past three years are HDB dwellers, suggesting that the EC scheme is still helping Singaporeans to meet their aspirations for private housing, said Minister for National Development Khaw Boon Wan.

In a blog post yesterday, Mr Khaw revealed that 11,000 Singaporean families bought ECs from Q4 2010 to Q4 2013.

About 86 per cent of the buyers are HDB dwellers and 55 per cent are second-timer households. Some 80 per cent earned $10,000 or less.

ECs are public-private hybrid built by private developers to allow eligible families to own a private condo at way below market price. First-timer households can enjoy a CPF Housing Grant and sales restrictions are fully lifted after 10 years.

Since the income ceiling for ECs was raised from $10,000 to $12,000 in 2011, there was a shift in profile of EC buyers over a one-year period, Mr Khaw observed.

The proportion of second-timers rose from 43 per cent to 57 per cent and those aged between 35 and 44 increased from 35 per cent to 43 per cent. "I will continue to make sure that the EC scheme stays on track, to serve the housing needs of Singaporeans," Mr Khaw said.

Recent analysis of caveats by property consultants suggests that the proportion of private condos bought by HDB dwellers has increased gradually.

In the first quarter, about 45 per cent of all buyers of private condos have HDB addresses, up from 38 per cent in the same period in 2011. A higher proportion of these buyers with HDB addresses are going for smaller units of less than 800 sq ft.

Given the muted market conditions, developers are downsizing their units to make the overall price quantum of private condominiums more affordable for buyers, DTZ had said.

�

�

�

why downsize the unit leh? why not downsize the psf price?

�

EC is not such good value, considering their location usually CMI

�

if buyers would look around more, they could find older & bigger condo in better location at maybe just 10% - 15% higher price.

seriously, i would choose EC over BTO as 1st timer or 2nd timer

buy camry sell lexus ... the profit is really unbelievable

i personally know a few success story who made $400k+ from EC

�

if can ... buy penthouse or dual key unit ... the profit is at least 1 fold

but now got many rules for penthouse (limit 160sqm) and dual-key (multi-generation)

Edited by Wt_know, 25 April 2014 - 10:13 AM.

�
�
why downsize the unit leh? why not downsize the psf price?
�
if buyers would look around more, they could find older & bigger condo in better location at maybe just 10% - 15% higher price.

Becos developers can still trick those idiot buyers.
If i am developer, i would do the same.

All the hawkers do the same.
Less ingredients, but keep price flat, margins increase, whoooopeee!
Oldest trick in the book.

mycarforum

Thứ Tư, 4 tháng 1, 2017

Rupiah/Rupee at risk, SG/HK risk property bubble part 23

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