mycarforum: Rupiah/Rupee at risk, SG/HK risk property bubble part 13

How? Time ripe for a Asia meltdown boh?

How? Time ripe for a Asia meltdown boh?

Meltdown or not, i have already set aside some money to hoot

Edited by Throttle2, 25 December 2013 - 03:54 PM.

How? Time ripe for a Asia meltdown boh?

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[gossip] [lipsrsealed] � not yet

Edited by Duckduck, 25 December 2013 - 06:33 PM.

how many digits ... 8, 9 or 10?

a low 7 digits can only buy a 750sqft unit leh

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Meltdown or not, i have already set aside some money to hoot

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Edited by Wt_know, 25 December 2013 - 07:47 PM.

how many digits ... 8, 9 or 10?
a low 7 digits can only buy a 750sqft unit leh
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You guess loh.

how many digits ... 8, 9 or 10?

a low 7 digits can only buy a 750sqft unit leh

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�

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if got 9 or 10 digits, u think our fren will be wiping tables in lau pat sat ah? [laugh] [laugh]

lau pa sat upgrade project delay ma ... got some free time to time the market ...

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if got 9 or 10 digits, u think our fren will be wiping tables in lau pat sat ah?

??? know me best....

Wahahahaha

how many digits ... 8, 9 or 10?

a low 7 digits can only buy a 750sqft unit leh

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i dont expect throttle to have 10 digit may 9 digit or high end 8 digit haha

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no wonder recently i saw a container full of cigars from cuba, i asked the guy whos one, he said the guy with rolex and chubby hand

i dont expect throttle to have 10 digit may 9 digit or high end 8 digit haha
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no wonder recently i saw a container full of cigars from cuba, i asked the guy whos one, he said the guy with rolex and chubby hand

Thanks for seeing me so up.......
But i am just an average joe.

Moreover my cigar shipment at most is mastercrate , not container, you think i smuggler ah???

Edited by Throttle2, 26 December 2013 - 02:10 AM.

Thanks for seeing me so up.......

My cigar shipment at most is mastercrate , not container, you think i smuggler ah???

no la, if u smuggle u sure have 10 digits liao haha

how many digits for these 2 properties?

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Twentyone Angullia Park - $5,181psf

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Skyline Orchard Boulevard - $4,230psf

Screen-Shot-2012-09-12-at-2.08.28-PM-res

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SINGAPORE - Sea front condominium Ripple Bay (Pasir Ris) was the most popular condominium for potential buyers in 2013, STClassifieds has revealed.

The online classifieds provider said in its yearly review that Ripple Bay garnered the most page views among all condominiums, with a total of 32,462 views on the STProperty site this year. This is followed by Waterbay, an Executive Condo in Punggol with 26,241 page views. Urban Vista is at third place with 24,852 page views. Sentosa Cove and River Isles are at fourth and fifth with 19,729 and 15,264 page views respectively.

Most luxurious condo
Averaging at $5,181 per square feet, Twentyone Angullia Park tops the list as Singapore's fanciest and priciest condominium. In total, only 4 units at the estate have been sold. At its lowest, the condominium had an average selling price of $4,704 psf. The highest average selling price for the condominium was $5,330 psf.
Second most expensive this year was Skyline Orchard Boulevard, with an average psf price of $4,230. The Marq at Paterson Hill was also pricey, averaging at $4,046 psf this year. This is double the average selling price of other condominiums in the same district and much higher than some neighbouring condominium developments.

Top 5 Most Affordable HDB estates
Woodlands and Choa Chu Kang emerged as the most affordable HDB estates, averaging at $389 and $397 psf respectively. Pasir Ris took third place at $409 psf, while Sembawang and Bukit Panjang came in fourth anf fifth at $414 psf and $416 psf.

Most Popular HDB Types
From January to September this year, potential buyers looked mostly for 4-room HDB flats. Some 4,950 units sold, according to STProperty. This accounts for 37.42 per cent of all HDB types sold. A total of 4,035 3-room units were sold, accounting for 30.5 per cent of all flats sold. Third in demand were 5-room HDB units, with 2,945 units sold within the same period.

Top 5 Most Viewed HDB estates
Woodlands being the most affordable estate at $389 psf was also the most viewed estate on STProperty this year, with a total of 28,242 page views garnered.
Jurong West was a close second with 28,121 page views while the Bedok estate drew 27,265 page views. The estates of Tampines and Ang Mo Kio with 26,737 and 24,554 views each.

Edited by Wt_know, 30 December 2013 - 10:34 PM.

Who cares how many digits?
Cant afford to care.

Hahahaha

One for the new year

Attached Thumbnails

So much news on property today, i just pick the front pg lah

Attached Thumbnails

The British pound rises quite a lot suddenly. Any reasons?

Its normal la, cannot be forever up right? No need to be so serious la, lets see this year, it might drop but dont expect too much. Even if theres a big drop, govt will reduce the absd.

Throttle dont need to wait la, ur few millions dollar getting mouldy liao [laugh]

Its normal la, cannot be forever up right? No need to be so serious la, lets see this year, it might drop but dont expect too much. Even if theres a big drop, govt will reduce the absd.

Throttle dont need to wait la, ur few millions dollar getting mouldy liao

I am never one who waits, just that i still cant find the one i fancy at the price i fancy.........hahaha

so when bank going to raise interest rates?

so when bank going to raise interest rates?

5 year fixed rate home loan raised to 1.88% from 1.68%

still extremely low ...

cheap money will continue till at least 2015 [thumbsup]

till then ... music continues ... huat ah!

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5 year fixed rate home loan raised to 1.88% from 1.68%

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Edited by Wt_know, 04 January 2014 - 10:01 AM.

still extremely low ...
cheap money will continue till at least 2015
till then ... music continues ... huat ah!
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Even if Cheap money is there, question is do the people have access to it or not?
car loan take up easily 20% of a lot of peoples mthly.
left with 40% mostly taken up by current mortgage.
Left with no bullets loh!!!! Hahahahaha
Check it out
Wooooaaahhhhh.....,.
Wooooaaahhhhh.....,.

Attached Thumbnails

Even if Cheap money is there, question is do the people have access to it or not?
car loan take up easily 20% of a lot of peoples mthly.
left with 40% mostly taken up by current mortgage.
Left with no bullets loh!!!! Hahahahaha
Check it out
Wooooaaahhhhh.....,.
Wooooaaahhhhh.....,.

What loan?

Not full cash meh?

cut loss $1.2M ...

the owner must be in need for cash or making another investment with higher potential return where $1.2M is just 2 x peanuts

Edited by Wt_know, 04 January 2014 - 03:45 PM.

What loan?

Not full cash meh?

All others or majority full cash meh?
For investment properties especially, who full cash?
Not me for sure

Edited by Throttle2, 04 January 2014 - 04:07 PM.

All others or majority full cash meh?
For investment properties especially, who full cash?
Not me for sure

Alamak I kena tricked

Still thought table wiper standard is must full cash for everything and anything.

Don't dare to invest or buy anything because scared tio suan still must borrow money.

Alamak I kena tricked

Still thought table wiper standard is must full cash for everything and anything.

Don't dare to invest or buy anything because scared tio suan still must borrow money.

wah lau, sorry you made the mistake all by yourself, hor

I have NEVER said buy everything must be full cash.
I have ALWAYS said that there are worthwhile advantages when buying certain things on loan.
Eg. an investment property

Heh heh.

Alamak I kena tricked

Still thought table wiper standard is must full cash for everything and anything.

Don't dare to invest or buy anything because scared tio suan still must borrow money.

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With interest rates still so low, why pay cash even if you have it on hand?

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Even for CPF funds, I rather take a bank loan and keep the money for interest in my CPF for now.

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With interest rates still so low, why pay cash even if you have it on hand?
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Even for CPF funds, I rather take a bank loan and keep the money for interest in my CPF for now.

I am peasant

No cash and CPF. Also no bank wants to lend me money

Sad life

wah lau, sorry you made the mistake all by yourself, hor

I have NEVER said buy everything must be full cash.
I have ALWAYS said that there are worthwhile advantages when buying certain things on loan.
Eg. an investment property

Heh heh.

It's Ok at least my hat won't be too big for my head. In fact I never liked hats in the first place

It's Ok at least my hat won't be too big for my head. In fact I never liked hats in the first place

Good for you.

My problem is that, mine's been too tight.
Otherwise would have made at least one or two million dollars more in the last 5 yrs

Edited by Throttle2, 04 January 2014 - 09:27 PM.

I am peasant

No cash and CPF. Also no bank wants to lend me money

Sad life

its ok just sell ur one of the goldbars u have [;)]

the price translates to $974psf & $984psf

holy smoky for a retiree to live on with their cpf savings

huat ah!!!

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Hundreds visited showflat of first 'retirement resort' here

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Hundreds thronged the showflat of The Hillford, the first development here being sold as a "retirement resort" on Saturday.
The project in Jalan Jurong Kechil, which has a leasehold of only 60 years compared with the usual 99, is also one of the first property launches for the new year. It will have a 24-hour concierge service, a full-time resort manager, and commercial units such as restaurants and clinics.

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For ease of movement, corridors will be wider and each block will have two lifts. Toilets in the units will have emergency call buttons leading to the concierge.

The visitors to the showflat ranged from those in their 40s - mostly looking to buy and rent out - to those over 70 years old exploring the possibility of moving in.

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"I'm here as I'm curious, the units are small and it's easier to tidy up," said a 70-year-old retiree who wanted to be known as Mdm Tan.

The development by World Class Land has 281 residential units. While the showflat opened yesterday units will start being sold only in about two weeks' time.

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The indicative prices start from $388,000 for a 398 sq ft one-bedroom unit, $498,000 for a 506 sq ft two bedder, and $648,000 for a 657 sq ft two-bedroom dual key unit.

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Edited by Wt_know, 05 January 2014 - 12:32 AM.

the price translates to $974psf & $984psf
holy smoky for a retiree to live on with their cpf savings
huat ah!!!
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Hundreds visited showflat of first 'retirement resort' here
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Developers know that Singaporeans are suckers for low quantum properties.

Reduce size, reduce tenure, lower quantum, voila!

Good luck

the price translates to $974psf & $984psf

holy smoky for a retiree to live on with their cpf savings

huat ah!!!

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Hundreds visited showflat of first 'retirement resort' here

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good idea, they are buying up old folks home!

yup ... as long as below $500k ... jin ho jiak

not forgetting the lease is only 60 years ...

this means it is even more expensive than private properties which is at least extra 39 years lease for $550k-$600k OCR MM and shoebox

and private properties has less restrictions

after comparing this "retirement resort" vs private MM and shoebox, OCR MM and shoebox are damn cheap ... lol

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Developers know that Singaporeans are suckers for low quantum properties.

Reduce size, reduce tenure, lower quantum, voila!

Good luck

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Edited by Wt_know, 05 January 2014 - 10:23 AM.

Zero sum game. If you want to be the one making money, someone has to lose it to you

So don't laugh at those people giving you money please

Developers know that Singaporeans are suckers for low quantum properties.

Reduce size, reduce tenure, lower quantum, voila!

Good luck

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The one they are learning fast from HDB , JTC , URA wat .� HDB� retirement box is only 30yrs , JTC come out flated factory for 30 yrs also , slightly better the COEs only 10yrs .

if big shark or big whale or course no laugh la ... jiak sibei bao liao and cabut ... wait for next cycle

remain the middle-incomer pay for the loss

when these goondu burn their fingers ... cry papa cry mama ... ask for govt help

then govt need to increase their coffer to support their million-dollar social package (political mileage [thumbsup] )

erp up, gst up, income tax up, property tax up, arf up, coe up, everything up

middle income not poor and far from being rich has to pay for the bill ... nabei

kopi-c siew tai also up ... now can only drink 1,3,5 nia

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Zero sum game. If you want to be the one making money, someone has to lose it to you

So don't laugh at those people giving you money please

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Edited by Wt_know, 05 January 2014 - 11:54 AM.

yup ... as long as below $500k ... jin ho jiak
not forgetting the lease is only 60 years ...
this means it is even more expensive than private properties which is at least extra 39 years lease for $550k-$600k OCR MM and shoebox
and private properties has less restrictions
after comparing this "retirement resort" vs private MM and shoebox, OCR MM and shoebox are damn cheap ... lol
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They are very good at packaging numbers and statistics to make things look misleadingly attractive.
But we are not stupid either.

Wah piang eh, 506 sqft 2-bedder. How to move around without banging into walls?

these units suppose to be more spaces for wheelchair, old folks friendly and bigger bathroom
506sqft with 2 bedrooms ... walao ehh ...

Wah piang eh, 506 sqft 2-bedder. How to move around without banging into walls?

Edited by Wt_know, 05 January 2014 - 01:26 PM.

these units suppose to be more spaces for wheelchair, old folks friendly and bigger bathroom
506sqft with 2 bedrooms ... walao ehh ...
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Maybe they expect the old folks to sleep in their wheelchairs, no need bed [grin]

Wah piang eh, 506 sqft 2-bedder. How to move around without banging into walls?

Gulp! Thats sounds like not too much difference from the size of my bedroom.

Edited by Throttle2, 05 January 2014 - 08:10 PM.

so when will govt start selling 45 years LH residential land?�

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Then we can see the 30% "drop" in price...� [bigcry]

Screenshot+-+7_1_2014+,+4_56_09+PM.jpg

They just dont realised how everyone kena whacked by the CMs.

As mentioned already
They just dont realise how everyone kena whacked by the CMs?

Edited by Throttle2, 07 January 2014 - 09:16 PM.

so 1.2 million loss? is it because havent 3 years and sell which caused sales tax plus when ABSD he paid when he bought the unit. so even though he sells at higher price but it still doesnt cover the ABSD and Sales Tax which caused the loss?

luxury homes are taking the hit

however, OCR 750-1001sqft $900k-$1.2M, the price is SIBEI FIRM!

Edited by Wt_know, 07 January 2014 - 09:54 PM.

with so many red flag ... still many cheong to this project

Bukit Timah address very yaya papaya meh?

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Hillford's 60-year lease may pose financing hurdle

But project may be seen as affordable way to buy into Bukit Timah address

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[SINGAPORE] While The Hillford could offer potential buyers a chance to buy into the highly desired Bukit Timah address cheaply, demand could be limited by its 60-year leasehold.

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Marketed as the first retirement resort in Singapore - albeit with no age limit placed on potential buyers - the 281-unit project offers a mix of one-, two- and two-bedroom dual-key units which are equipped with built-in elder-friendly features.

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Both young and old thronged the showflat when it opened on Saturday; according to a market watcher, of the more than 400 cheques that have since been collected, the majority were from younger investors

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Key pull factors for the project include its attractive quantum and location.

Indicative prices for units start from $980 per square foot (psf), which translates into about $388,000 for a one-bedroom unit, $498,000 for a two-bedroom unit and $648,000 for a two-bedroom dual-key unit.

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"It is like a legitimate shoebox development in a very attractive RCR (Rest of Central Region) location," said a market watcher.

Given that there are no restrictions on either ownership or tenant mix, it is not surprising that the project attracts younger investors, said Christine Li, head of research at OrangeTee.

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"The indicative price is still on the high side, but given that there are fewer such small developments around the area, it probably will not deter people from buying," she said, noting that the latest launch in the area, Creek, achieved a median price of $1,637 psf when it was launched last November.

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Ms Li expects The Hillford to attract a mixed group of buyers spanning singles, downgraders in their 50s and 60s, and even investors who might have previously been priced out of the market because of the Total Debt Servicing Ratio (TDSR) and other cooling measures.

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But given the 60-year leasehold cap, investors might find it harder to finance the property since it may be harder to get bank loans for a shorter lease, said Nicholas Mak, head of research at SLP International.

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Unloading the property in the resale market might prove a challenge, too. After five years, for instance (assuming the buyer holds the property for five years to avoid paying Seller's Stamp Duty), the development would have a remaining lease of 55 years. Based on the remaining tenure, a 30-year-old buyer can only withdraw up to 55 per cent of the value left in his or her Central Provident Fund. This assumes that the above sum is up to 55 per cent of the lower of the purchase price or the value of the property.

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Another factor that could potentially limit the scope of buyers is the design of the project, said Desmond Sim, associate director at CBRE Research.

According to the developer World Class Land, the project was designed to be "significantly different" from that of a typical condominium, given its specially tailored facilities, elder- friendly features, and provision of services such as a 24-hour concierge service and dedicated Resort Manager.

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"Is this the cheapest way to get a condo in the Bukit Timah area? Yes. But at the end of the day, it is marketed and designed for the elderly so you may not get the amenities and features of a lifestyle home," said Mr Sim.

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Consultants agree that the project will likely do well, regardless of its buyer profile.

Indeed, more such sites could potentially be offered, said Donald Han, managing director at Chesterton Singapore.

"(The introduction of The Hillford) creates an interesting variety of products that is available on the market ... If we don't create such spaces, a lot of demand might filter into other countries," he said.

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CBRE's Mr Sim agreed: "This is a pilot project. When it does well, it will spark off other projects. Maybe in the suburbs, where costs can be further managed ... I think if the government feels they have succeeded in reducing the cost of home ownership for the elderly, they may roll out one or two more sites in different locations."

But perhaps instead of the closed-envelope system currently employed, the government should consider a point system where every developer submits two prices - a land price and a product launch price, suggested SLP's Mr Mak.

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"Higher land price, higher points; lower launch price, higher points," said Mr Mak. "In this way, they will be able to award the land to the most efficient developer."

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Edited by Wt_know, 07 January 2014 - 10:21 PM.

4 reasons why 2014 could be a turbulent year for Singapore property

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Reason 1: More new properties are going to flood the market

Reason 2: More resale units can be expected when the 4-year Seller's Stamp Duty duration expires

Reason 3: Owners who overstretched themselves financially will have a hard time securing refinancing

Reason 4: The pool of potential property buyers has shrunk significantly

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look at the number of properties to be completed from 2014 to 2017 ... holy smoky ... where are the buyers?

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2014 - 19302

2015 - 19727

2016 - 26469 ... election lai liao ... ho say bo [sly]

2017 - 15542

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Figure%201.png

Edited by Wt_know, 07 January 2014 - 10:52 PM.

with so many red flag ... still many cheong to this project

Bukit Timah address very yaya papaya meh?

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Most high class traffic jams in Singapore hokay!

luxury homes are taking the hit
however, OCR 750-1001sqft $900k-$1.2M, the price is SIBEI FIRM!

Whats OCR?

Anyway sibei firm? For now only.
Last time people also say hdB sibei sibei firm.

yup ... see who blink first

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developer

seller

buyer

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see who-scare-who ... lol

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Whats OCR?

Anyway sibei firm? For now only.
Last time people also say hdB sibei sibei firm.

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Edited by Wt_know, 08 January 2014 - 08:35 AM.

Knn, hilford at jl jurong kechil also considered bt.timah address??

Then i own freehold land beside Cluny Park last time considered what?

Singaporeans really like to slap face swollen to look fat, ah?

Edited by Throttle2, 08 January 2014 - 08:41 AM.

with so many red flag ... still many cheong to this project

Bukit Timah address very yaya papaya meh?

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Hillford's 60-year lease may pose financing hurdle

But project may be seen as affordable way to buy into Bukit Timah address

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ha ha ha .. dun understand.

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aniway.. the street name is not associate with bukit timah.. and it in d21.

it's remotely associated to upper bukit timah which is flooded with freehold.

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i dun see how it's what address they are talking abt.. also no of the bukit timah good school is there..Morning jam like F*.. night also jam like F* .. sometimes.. jam until mid-night..

Edited by ShepherdPie, 08 January 2014 - 09:27 AM.

yalor ... i avoid bukit timah road all all cost

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worst road condition

still many contructions going on

jam jam jam

right lane is jam with right turn and u-turn

many traffic lights

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Edited by Wt_know, 08 January 2014 - 09:27 AM.

4 reasons why 2014 could be a turbulent year for Singapore property

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Reason 1: More new properties are going to flood the market

Reason 2: More resale units can be expected when the 4-year Seller's Stamp Duty duration expires

Reason 3: Owners who overstretched themselves financially will have a hard time securing refinancing

Reason 4: The pool of potential property buyers has shrunk significantly

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look at the number of properties to be completed from 2014 to 2017 ... holy smoky ... where are the buyers?

�

2014 - 19302

2015 - 19727

2016 - 26469 ... election lai liao ... ho say bo

2017 - 15542

�

�

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ha ha ha .. the government has created an environment for themselve to let in FT..

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- undersupply of able and qualified manpower in all sectors

- oversupply of housing.

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hosei lah.. they now only got 2 options.. 1) ease the curb 2) open the gate and bring the ppl..

most r gonna hangfire until feb budget is over lah, who knows kinda policy they gonna implement? COE change again?

Pinnacle ... last time one couple said $3,000,000 also no sell

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in order for Pinnacle to hit 7-figures means the unit must be valued at $900k + $100K COV

walao ... simi hdb is valued at $900k?

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SINGAPORE- The seven blocks of the Pinnacle on the edge of Chinatown rise an imposing 50 storeys towards the sky, giving their owners not just a great view of downtown Singapore but also the comfort that they are sitting on a potential gold mine.

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Simply wait out the five-year minimum occupation period, which ends at the end of this year, after which those who want to cash in could easily demand more than $1 million for their units in the resale market.

At least, that was the conventional wisdom until recent months, when resale flat prices kept dropping in a soft property market.
Now, some residents in the Housing Board's (HDB) iconic blocks of flats, which are linked by skybridges, are tempering their expectations on how much profit they could make.

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That seven-figure resale price could now be a skybridge too far.

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A resident, who wanted to be known only as Mr Tan, said he was not hopeful of making a killing if he decides to sell his flat.
Mr Tan, who is in his late 40s, bought his 1,130 sq ft five-room unit in 2005 for around $400,000.
He said: "I may need to upgrade to a bigger flat as my two children get older. But the resale value might not be as good as previously estimated, so it may not be advisable to upgrade."

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Last Thursday, estimates released by HDB indicated the resale price index continued to fall in the fourth quarter of last year, recording the sharpest drop in 8� years.
The resale price index declined 1.3 per cent as prices slipped for the second quarter in a row, reported The Straits Times.

The fall was also the sharpest quarterly drop since 2005, when resale prices plunged 4.8 per cent in the second quarter.

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Mr Tan said he had been optimistic the resale value would "be good, especially after I heard that a resident here had bought one of the balance five-room flats for $600,000 in 2008".

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Furthermore, five-room flats in Bukit Merah had been sold at around $785,000, he added.
"But with the new (cooling) measures, it's not uncommon for sellers to reduce their asking cash over valuation (COV)," said Mr Tan, referring to the cash premium that buyers pay for resale flats.
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STRICTER CONTROLS
The price decline in public housing is a result of stricter controls on home loans as well as the attractiveness and volume of new Build-To-Order offerings.
New permanent residents also have to wait three years before they can buy a resale flat.

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The New Paper spoke to 10 residents of the Pinnacle, the first 50-storey project in Singapore.
Comprising 1,848 units over seven blocks, it was launched in 2004 in a lacklustre property market.

Prices of four-room flats started at $289,200 and five-room flats were offered at up to $439,400.

Like Mr Tan, five residents said they were thinking of selling after they fulfil the minimum occupation period in December this year.

While they can only wait and see now, property agents told TNP that the purchase restrictions have reduced the demand for resale flats and they expect prices to drop further.

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In Punggol, for instance, the median resale price and COV of a five-room flat - at $560,000 and $30,000 respectively in the second quarter - fell in the third quarter to $542,000 and $8,000, reported The Straits Times in October last year.

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A property agent, who declined to be named, said: "In the past, people were asking for $100,000 as COV if their flat was in a good location, but buyers now are even looking for zero COV flats - something that was unheard of years ago."

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But PropNex Realty chief executive Mohamed Ismail said it was "still possible" for selected units at the Pinnacle to fetch high prices in the resale market.

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"People might still pay high COVs if the unit has unblocked views, for instance," he said.

While he doubts that any unit will hit the magic million-dollar mark, he said owners still stand to make "a huge profit, especially since many bought their units for below $500,000."

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Agreeing, Mr Donald Han, managing director at Chesterton Singapore, said resale prices for the Pinnacle "will hold" because it is a "hotly sought-after location and is unlike any other HDB estate".

But such forecasts are moot points for Pinnacle resident Foo Soo Lim, 58, who bought his five-room unit on the 49th storey for $450,000 in 2004.

The businessman, who lives there with his wife, 53, their daughter, 12, and his mother-in-law, 88, said: "No matter what price is offered, I'll never sell my flat because I love the location. It's convenient because my place is right next to the Central Business District."

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Edited by Wt_know, 08 January 2014 - 12:17 PM.

Pinnacle ... last time one couple said $3,000,000 also no sell
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in order for Pinnacle to hit 7-figures means the unit must be valued at $900k + $100K COV
walao ... simi hdb is valued at $900k?
�

When it comes to things like this, a good businessman never says never.

I hv been to pinnacle once. Parking is a mess and quality of the build is poor to average at best.
So the only thing is location. I think for Singapore, i can easily accept a 15-20min drive distance from the city. I do not want the action to be at my void deck. Like as if life is not fast enough.

yalor ... why people want to pay a huge premium to live in MBFC, Shenton Way and Orchard. as if the area is not busy enough and do not have enough of the hustling and bustling.
are all investors buy and let out?

Edited by Wt_know, 08 January 2014 - 12:47 PM.

work, live and play at the same place ... ho say bo? [sly]

Possible.. when other hdb is going for at least $2million.. and a average chicken rice kopi tiam is $12 :P

Inflation shld be 300-400% compare to now :P

Knn, hilford at jl jurong kechil also considered bt.timah address??

Then i own freehold land beside Cluny Park last time considered what?

Singaporeans really like to slap face swollen to look fat, ah?

�

your land can consider as orchard rd lah

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ha ha ha .. dun understand.

�

aniway.. the street name is not associate with bukit timah.. and it in d21.

it's remotely associated to upper bukit timah which is flooded with freehold.

�

i dun see how it's what address they are talking abt.. also no of the bukit timah good school is there..Morning jam like F*.. night also jam like F* .. sometimes.. jam until mid-night..

�

it's ok what.. u dunno retirees dont need to travel during rush hour?

�

all cramp up inside their retirement village�

�

�

ha ha ha .. the government has created an environment for themselve to let in FT..

�

- undersupply of able and qualified manpower in all sectors

- oversupply of housing.

�

hosei lah.. they now only got 2 options.. 1) ease the curb 2) open the gate and bring the ppl..

�

their intention was made very clear in the white paper already. Only thing hidden is the actual number they wanna let in. 6.9m probably just to test our reaction only.

9.6M [sly]

Look ahead to 10 million people by 2100?

�

their intention was made very clear in the white paper already. Only thing hidden is the actual number they wanna let in. 6.9m probably just to test our reaction only.

�

Edited by Wt_know, 08 January 2014 - 04:00 PM.

Pinnacle ... last time one couple said $3,000,000 also no sell

�

in order for Pinnacle to hit 7-figures means the unit must be valued at $900k + $100K COV

walao ... simi hdb is valued at $900k?

�

�

If pinnacle only have 100 units then the 7 figure target could be possible

�

But with thousands all ending MOP at the same time.. i'd say good luck with that

or 9.6M ?

�

�

�

�

i better move my poor ass to JB.�

�

i better move my poor ass to JB.�

�

bro. hmm.. if you intend for your children.. and grandchildren to live in sg.. then you better have a house here lor.

yalor ... why people want to pay a huge premium to live in MBFC, Shenton Way and Orchard. as if the area is not busy enough and do not have enough of the hustling and bustling.
are all investors buy and let out?

As far as i know, a larger percentage of the buyers dont buy to stay there, they rent it to expats who work there.

I wouldn't mind staying at Pinercle
can't afford it tho

9.6M Look ahead to 10 million people by 2100?
�
�
�

By 2100 johor belong to us!!!!

9.6M
Look ahead to 10 million people by 2100?
�

�

�

�

why worry, u still around by 2100? [grin]

TODAY

Breaking: COVs for resale HDB flats continue to fall with the median dropping to S$5,000 in December, according to the SRX.

TODAY

Breaking: COVs for resale HDB flats continue to fall with the median dropping to S$5,000 in December, according to the SRX.

�

�

Go Go Go!

Sooo which cooling measure can this drop in COV be attributed to? Or issit the PR restriction thing eh? [grin]

last time got this fed chief call paul volcker...
he set rates at 20% in 1979...
mai siao siao

�

But now is Janet "Paul Who???" Yellen leh.

�

Bigger helicopter gunship than Ben...this may end very bloodily.

�

Need Tablewiper and Radx to do OT to clean up the mess.

Edited by Sabian, 09 January 2014 - 04:53 PM.

�

But now is Janet "Paul Who???" Yellen leh.

�

Bigger helicopter gunship than Ben...this may end very bloodily.

�

Need Tablewiper and Radx to do OT to clean up the mess.

�

the printing press just got warmed up only...

�

havent seen hyperinflation yet

By 2100 johor belong to us!!!!

It is more likely that we belong to Johor by then.

yalor ... why people want to pay a huge premium to live in MBFC, Shenton Way and Orchard. as if the area is not busy enough and do not have enough of the hustling and bustling.
are all investors buy and let out?

for mbfc and shenton way, week day bustling with activity but weekend actually quite peaceful. maybe good to then relax at home. [confused]

It is more likely that we belong to Johor by then.

No Johor belong to us while singapore belong to foreigners, look at the increasing singaporean who living in Johor for the past few years

yalor ... why people want to pay a huge premium to live in MBFC, Shenton Way and Orchard. as if the area is not busy enough and do not have enough of the hustling and bustling.
are all investors buy and let out?

face nia, people want face [laugh]

Sooo which cooling measure can this drop in COV be attributed to? Or issit the PR restriction thing eh?

must be PR lor

TODAY

Breaking: COVs for resale HDB flats continue to fall with the median dropping to S$5,000 in December, according to the SRX.

Down down down, there's no other way.

Down down down, there's no other way.

got takeoff then restrictions

recently, Jalan Jurong Kechil ....some agents treat it like Bukit Timah pretige address

now ... Jurong is new Orchard Road

�

JE properties ... no $2000psf no talk liao

anything got the word Jurong ... huat ah!

�

Edited by Wt_know, 12 January 2014 - 05:48 PM.

recently, Jalan Jurong Kechil ....some agents treat it like Bukit Timah pretige address

now ... Jurong is new Orchard Road

�

JE properties ... no $2000psf no talk liao

anything got the word Jurong ... huat ah!

�

�

�

Sounds like a psychological warfare/marketing campaign thing, powered by The Stakeholders.

�

I laffo at the article, orchard road my arsegrass.

How come still talking about property? So Singaporean lah...

If you bought already or currently already own property, just keep under pillow and move on with your life lah. No need to look at it till 5 years later.

If haven't bought yet or currently hunting to add to property collection/portfolio, also just move on with life lah, your jump building fire sale will never be here. If it ever comes, then you probably also won't want to buy because:

1. that will mean that the Singapore story/dream is kaput, over, finished, and not worth investing in any more
2. banks, if they are still around and not yet up lorry, also don't want to lend you because they rather invest themselves
3. not sure if you still have a job

in spore talk property and talk coe is the most 2 past time TCSS topic
else talk what?

Edited by Wt_know, 12 January 2014 - 07:04 PM.

in spore talk property and talk coe is the most 2 past time TCSS topic
else talk what?

Add another one, talk about prestige school...

in spore talk property and talk coe is the most 2 past time TCSS topic
else talk what?

Geylang loh but some are gays here [laugh]

Add another one, talk about prestige school...

No wonder all our educated women going for ang mohs. Who can talk about anything under the sun and sound impressive too.

We Singaporean men have only ourselves to blame.

No wonder all our educated women going for ang mohs. Who can talk about anything under the sun and sound impressive too.

We Singaporean men have only ourselves to blame.

�

Agreed!

my neighbour is trying to sell his flat. 2 months ago, his best offer was $20k COV. Under advice of his agent, he held out for $30K.

�

Today, hardly anyone is coming to view. The only offer he had was below valuation. Again, his agent attributed this to CNY and asked him to wait 2 more months and get a new valuation.

�

And this is in a mature estate with few flats for sale.. i think the situation is probably worse in new estates like punggol & seng kang where hundreds of flats are put up for sale at the same time once MOP ends�

my neighbour is trying to sell his flat. 2 months ago, his best offer was $20k COV. Under advice of his agent, he held out for $30K.
�
Today, hardly anyone is coming to view. The only offer he had was below valuation. Again, his agent attributed this to CNY and asked him to wait 2 more months and get a new valuation.
�
And this is in a mature estate with few flats for sale.. i think the situation is probably worse in new estates like punggol & seng kang where hundreds of flats are put up for sale at the same time once MOP ends�

Good what! He sells his flat 2 months later with zero COV and buy a replacement condo for $500k cheaper!

Just kidding lah

the problem is hdb resale price go down due to stricter rules

but 99lh ocr condo price stay put and inch up because more flock to ocr condo

�

news reported GCB transacted price at 10 years record low

it's time to buy GCB ... calling throttle

�

Good what! He sells his flat 2 months later with zero COV and buy a replacement condo for $500k cheaper!

Just kidding lah

�

Edited by Wt_know, 14 January 2014 - 09:53 AM.

my neighbour is trying to sell his flat. 2 months ago, his best offer was $20k COV. Under advice of his agent, he held out for $30K.

�

Today, hardly anyone is coming to view. The only offer he had was below valuation. Again, his agent attributed this to CNY and asked him to wait 2 more months and get a new valuation.

�

And this is in a mature estate with few flats for sale.. i think the situation is probably worse in new estates like punggol & seng kang where hundreds of flats are put up for sale at the same time once MOP ends�

�

COV is a unique and crap. Do people overseas do this?

�

Seller: This much

�

Buyer: Ok

�

Who cares about what valuation the buyer can get from the banks? LOL

Good what! He sells his flat 2 months later with zero COV and buy a replacement condo for $500k cheaper!

Just kidding lah

�

haha, yeah but his case also quite sorry. Have to downgrade.. hope he can at least get a fair price.. i suspect in a few months time, the agent will advice him to sell a much lower price

�

for condo, price drop will lag behind HDB, cos their demand comes from "upgraders"�

�

some people already anticipating by selling their flats now and renting for a year or two

�

COV is a unique and crap. Do people overseas do this?

�

Seller: This much

�

Buyer: Ok

�

Who cares about what valuation the buyer can get from the banks? LOL

�

i think the COV is meant to protect the market from escalating too fast... HDB �would have appreciated more if loan could be taken on the COV.

�

i think the COV is meant to protect the market from escalating too fast... HDB �would have appreciated more if loan could be taken on the COV.

�

Isn't that what the COV had done; escalating HDB prices too much and relatively quickly?

is your neighbour bishan? no $1.05M no sell la ... cov $250,000 ... don't blink !!!

20 years old flat somemore ...

�

Edited by Wt_know, 14 January 2014 - 10:33 AM.

�

Isn't that what the COV had done; escalating HDB prices too much and relatively quickly?

�

It is not really COV's fault. In fact, the system of COV whereby financing is not allowed helps to moderate the price escalation.

�

The real fault lies with the govt. If they have pegged new flats BTOs to resale valuation only, it would not have caused the rapid escalation.

�

They created the mess by taking into account the COV in their "delinking" process, thus pushing up the market.

�

Also, not to forget their idiotic policy to render supply zero for a few years while importing record number of immigrants.

is your neighbour bishan? no $1.05M no sell la ... cov $250,000 ... don't blink !!!

�

20 years old flat somemore ...

�

haha

�

bishan can still command the crazy price now because of its location and relatively little flats for sale there.

based on latest cooling measure of 60% TDSR and 30% of gross income to service loan

for this million dollar hdb, at least downpayment/settle $450K (cpf+cash) + $250K (cov cash) = $700K?

young couple got $450k in cpf? [sly]

Edited by Wt_know, 14 January 2014 - 10:35 AM.

this bubble is going to burst and many of those holding homes will be forced to sell. better load up your ammos and get ready to hoot.�

Hahaha like that called "penthouse"? Then I wonder what those�16�units at blk 285 and 286 bishan would be called. Both point blocks, only the units on the 23rd-24th floors are maisonettes.

based on latest cooling measure of 60% TDSR and 30% of gross income to service loan

for this million dollar hdb, at least downpayment/settle $450K (cpf+cash) + $250K (cov cash) = $700K?

young couple got $450k in cpf?

�

parents got cash what.. nowadays $200k to $300k cash in the bank for an elderly couple is very common�

i know of an elderly couple who just paid $250k cash in buyer stamp duty for a condo in Seng Kang

�

they dont even feel the pinch,.. felt happy that they had a good deal�

on TV most interviewed parent said ... they fully support their kid to buy their first condo or penthouse hdb

and they expect the unit can make $200k-$300k eventually ... so why not?

huat ah!

�

�

parents got cash what.. nowadays $200k to $300k cash in the bank for an elderly couple is very common�

i know of an elderly couple who just paid $250k cash in buyer stamp duty for a condo in Seng Kang

�

they dont even feel the pinch,.. felt happy that they had a good deal�

�

Edited by Wt_know, 14 January 2014 - 10:57 AM.

true ... tv run a few programmes and most interviewed parent said ... they fully support their kid to buy their first condo or penthouse hdb
�
and they expect the unit can make $200k-$300k eventually ... so why not?
�
�

This is called: giving your kids a head start in life. It starts from toddler class and nursery school. The better ones are usually the more expensive ones that not many can afford.

In future, social mobility is going to get worse. If born poor, likely to stay poor for generations.

bubble? where got bubble?

�

Why Singapore's Economy Is Heading For An Iceland-Style Meltdown

�

Edited by Wt_know, 14 January 2014 - 11:35 AM.

bubble? where got bubble?

�
Why Singapore's Economy Is Heading For An Iceland-Style Meltdown
�

�

dun spread this type of news ah, wait u get fixed

alamak .. ok ... i assume forbes.com is a trustworthy source for information

Edited by Wt_know, 14 January 2014 - 11:39 AM.

Forbes never met our president yet...

�

Confidence for the future!

alamak .. ok ... i assume forbes.com is a trustworthy source for information

�

most trustworthy is straits times - most read newspaper in singapore

Forbes never met our president yet...

�

Confidence for the future!

�

Thanks for the reminder.. i almost forgot we have a president�

bubble? where got bubble?

�

Why Singapore's Economy Is Heading For An Iceland-Style Meltdown

�

�

�

it say regional bubble burst first then we burst loh... at least we're the last one standing till we also burst..

mas is tweaking as they go along...so does the prc (one of the criteria is china's bubble also burst)

so ultimately it may happen to sg, but imo, unlikely..

�

if currency and economy really konk out, what should one be holding? gold? usd? it seems to be recovering..

in case of a bank run, the gold and usd should be in a milo tin ya?� :ph34r:

the speed of loading up ammos cannot catch up la

absd removed, developer up price 7-10%
good time developer up price
cooling measure govt up stamp duty

save additional $100k dont know enough to pay stamp duty or developer obscene profit margin

this bubble is going to burst and many of those holding homes will be forced to sell. better load up your ammos and get ready to hoot.�

Edited by Wt_know, 14 January 2014 - 06:47 PM.

�
it say regional bubble burst first then we burst loh... at least we're the last one standing till we also burst..
mas is tweaking as they go along...so does the prc (one of the criteria is china's bubble also burst)
so ultimately it may happen to sg, but imo, unlikely..
�
if currency and economy really konk out, what should one be holding? gold? usd? it seems to be recovering..
in case of a bank run, the gold and usd should be in a milo tin ya?�

If iskandar collapse, follow by sg market, I'm sure those with properties on both side also collapse but no worries, heart bypass only cost $8..Hehehe..

bubble? where got bubble?
�
Why Singapore's Economy Is Heading For An Iceland-Style Meltdown
�
�

Econs students from the top 5 JC can write better than this clown. Machiam cut and paste crap.

The direction of the market is clear
It's the magnitude of the move and how quickly it happens that i am more concerned with...

The direction of the market is clear
It's the magnitude of the move and how quickly it happens that i am more concerned with...

�

u no need concern, just standby and collect durian [laugh] [laugh]

bubble? where got bubble?

�

Why Singapore's Economy Is Heading For An Iceland-Style Meltdown

�

�

�

This isn't a traditional Forbes article - it's an article written by a "Forbes Contributor".

�

Basically a glorified blog.

gahmen reply liao

�

The Monetary Authority of Singapore says Singapore is not facing a credit bubble that puts the country or its banking system at any risk of crisis, in response to a Forbes article that claims Singapore is facing a dangerous credit bubble, fuelled by ultra-low interest rates.

PHOTOS

Monetary Authority of Singapore (MAS) building. (AFP/Roslan Rahman)

SINGAPORE: The Monetary Authority of Singapore (MAS) on Tuesday said Singapore is not facing a credit bubble that puts the country or its banking system at any risk of crisis.

This was in response to media queries after a Forbes article claimed that Singapore is facing a dangerous credit bubble, fuelled by ultra-low interest rates.

The article cited several risks including Singapore's ratio of household debt to GDP, rising property prices and potential crisis in the banking system should non-performing loans increase when interest rates start to normalise.

The lengthy article dated January 13 was titled "Why Singapore's Economy Is Heading For An Iceland-Style Meltdown." It was written by a contributor who claims to be an economic analyst.

The MAS emphasised that serious observers and investors are not in doubt about Singapore's financial health.

On the unusually low global interest rates, the MAS said it is clear that they have stimulated credit growth and an increase in property prices in recent years.

However, decisive steps have been taken to cool property demand and prevent excessive leverage.

The central bank also highlighted three facts which it said 'stand out clearly'.

First, the property market is now stabilising and new housing loans have also been declining.

Private home prices in Singapore rose by one per cent in 2013, with a 0.8 per cent decline in the fourth quarter. This is after a three per cent price increase in 2012 and annual increases averaging 12 per cent per year during 2010-2011.

The MAS added that new housing loans fell by 35 per cent on year in Q3 2013.

Second, household balance sheets are on the whole strong and property asset values are significantly higher than the debts incurred.

The MAS explained that "the average loan-to-value ratio of outstanding housing loans stands at a healthy 47 per cent as of Q3 2013, implying a large buffer in asset values�.

Lastly, the MAS said Singapore's financial system is robust.

It cited a recent assessment program by the International Monetary Fund that showed Singapore's financial system would remain sound even under severe stress scenarios which include a sharp increase in interest rates - together - with a steep decline in property prices.

The MAS said Singapore's banks are resilient, with strong financial and capital positions.

The MAS said Singapore's triple-A rating from all the major rating agencies is not an aberration and that it attests to the country's economic and financial strength, including its sizeable foreign reserves.

- CNA/fa

MAS says no bubble means no bubble...

If Forbes magazine still insist there is bubble

means they trying to funny

�

MAS cannot be wrong you know...

since MAS says no bubble ... cheong ar!!!

lai lai lai Jurong is the new Orchard [thumbsup]

Edited by Wt_know, 15 January 2014 - 07:40 AM.

Ya I agree. No bubble. Just that heartlanders cannot afford properties in the heartlands which is really nothing wrong for people in ivory towers

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Unknownlúc 06:31 13 tháng 2, 2017
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Rupiah/Rupee at risk, SG/HK risk property bubble part 13

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