mycarforum: Rupiah/Rupee at risk, SG/HK risk property bubble part 11

�
no point looking at the average with our current Gini coefficient
�
average has no meaning
�

Maybe we should set up a poll.
Car instalment as a percentage of monthly salary.
I recall last time, many in MCF say its about 30% of their salary and they are buying cars which are priced at 100% of their annual salary. So $120kpa means buy $120k car.
So with the TDSR at 60% max , that means car instal and house instalment same same 30% + 30%?

Hhhhmmmm i wonder wonder wonder

Edited by Throttle2, 19 November 2013 - 09:26 AM.

Maybe we should set up a poll.
Car instalment as a percentage of monthly salary.
I recall last time, many in MCF say its about 30% of their salary and they are buying cars which are priced at 100% of their annual salary. So $120kpa means buy $120k car.
So with the TDSR at 60% max , that means car instal and house instalment same same 30% + 30%?

Hhhhmmmm i wonder wonder wonder

�

too simplistic analysis

�

many in MCF are cash rich....like you

�

[grin]

�

no point looking at the average with our current Gini coefficient

�

average has no meaning

�

�

correct... just take all G!C n temasick n high level civil servants... these guys alone will change cars n wack new property anytime they want.

�

Take the recent duo residence for instance, since its a temasick project, they shld reveal how many were purchased by their staff alone...

GIC and Temasek execs are not called civil servants, they are called investment bankers LOL

GIC and Temasek execs are not called civil servants, they are called investment bankers LOL

�

no lah theyre not a bank, maybe just investment analysts.

�

anyway wats the pt of G!C? to invest n safeguard SG's future right? sounds like a civil servant to me!

�
too simplistic analysis
�
many in MCF are cash rich....like you
�

Thats why i wonder wonder wonder

�
no point looking at the average with our current Gini coefficient
�
average has no meaning
�

�

average man usually wont get a car.

�

if get car also more than average loan

[quote name="Chucky2007" post="5040981" timestamp="1384768758"]

Property market crashed already? This topic page 60 liao[/quote

where got crash , Duo Residence 2600 psf .

�

my average colleague remarked that it is a very good buy.

�

cos south beach going to launch at 4000 psf� [bounce2]� [sunny] � [rolleyes]

�

Anyone dont want to miss the speculative boat?�

�

I've got lobang for a iskandar project. Zero down - payment starts only upon TOP.

�

Ultimate speculation/ flipping opportunity. PM me if interested.

Edited by Wyfitms, 19 November 2013 - 01:47 PM.

Can i ask, what is the average car loan instalment for an average man with an average salary?

$500 per month?

Can i ask, what is the average car loan instalment for an average man with an average salary?

average? no average in singapore including ministar pay

Master plan out liao. 500,000 new homes for sale! Hahahaha.

huat ah !!!

Marina South is the Next Big Thing

�

6.9M target on track [thumbsup]

more good years for property ... buy buy buy!

�

Master plan out liao. 500,000 new homes for sale! Hahahaha.

�

huat ah !!!

Marina South is the Next Big Thing

�

�

marina south will be sibeh hot, no 1mil no sell [bounce1]

6.9M target on track

more good years for property ... buy buy buy!

�

�

�

500,000 homes = abt 1.2-1.5M new citizens/PRs... in 10yrs?!?!?

�

anyway marina bay isnt news as the previous masterplan already zoned that area for use liao so it was matter of time they release for sale.

�

THis is why i refuse to buy any new projects like duo residence etc coz if i wanted a 99yr project, id go straight for the "best" which is marina bay seafront.

Edited by Duckduck, 20 November 2013 - 10:04 AM.

Wah......so happening sia,, hope my bidadari also as happening

�

marina south will be sibeh hot, no 1mil no sell

�

of course lah. if can get <$1M in marina south, i'll take a dozen pls.� [laugh]

Buy freehold landed (not strata). MTL.

�
�
of course lah. if can get <$1M in marina south, i'll take a dozen pls.�

have 300psf hotel room size unit.

have 300psf hotel room size unit.

�

marina south hotel? comes wif neighbours by the names of channel, chantel, etc or not?� [lipsrsealed]

�

marina south will be sibeh hot, no 1mil no sell

�

actualli hor, donch say marina south. even duxton when reach MOP, even a hdb flat there will be $1M.�

Have....got monies got honey

�
�
of course lah. if can get <$1M in marina south, i'll take a dozen pls.�

Sorry hor, u pte pty owner not entitled

��

�

actualli hor, donch say marina south. even duxton when reach MOP, even a hdb flat there will be $1M.�

�

been to a friend's home in Duxton and also the skypark or skybridge or whatever its called

�

frankly i wouldn't pay a $1M for a place there

�

-_-

Why is holland V included. what space is there? unless u count the old estates in commonwealth under that.

Why is holland V included. what space is there? unless u count the old estates in commonwealth under that.

�

Yeah I was just talking to my colleague about this "expansion" of Holland V. Garment cannot take back the "ang moh chus" so probably extend to gim moh, commonwealth or maybe even to tanglin halt and the land cleared around there, plus the old train tracks.

�

Yeah I was just talking to my colleague about this "expansion" of Holland V. Garment cannot take back the "ang moh chus" so probably extend to gim moh, commonwealth or maybe even to tanglin halt and the land cleared around there, plus the old train tracks.

�

u got see the plan anot? its the existing carpark behind d wet mkt lah. HV will end up another clementi interchange... super crowded n even more traffic jam as if there isnt already. ERP at HV here we cum.

�

u got see the plan anot? its the existing carpark behind d wet mkt lah. HV will end up another clementi interchange... super crowded n even more traffic jam as if there isnt already. ERP at HV here we cum.

Yeah I only just looked at the plan. Aiyah end up everywhere also gonna be like clementi interchange, one big gangbang.

Ok, what......singaporeans not producing enough babies and we need young blood to look after us when we aged. We need foreigners to help us drive our economy to greater heights, and on the same note, integration of new citizens are imminent....

Pm lee already say, we cannot lose our edge.

damn , I sound like pappy,
[lipsrsealed] �

vote for staff69 in 2016.

Edited by Staff69, 20 November 2013 - 03:14 PM.

�

been to a friend's home in Duxton and also the skypark or skybridge or whatever its called

�

frankly i wouldn't pay a $1M for a place there

�

�

the duxton makes me feel like im in jail, due to those grey colored grill.... [grin]

Yeah I only just looked at the plan. Aiyah end up everywhere also gonna be like clementi interchange, one big gangbang.

�

when they announched their plan to make punggol double the size of AMK, im sure they will fully utilize every inch of this island....

�

the duxton makes me feel like im in jail, due to those grey colored grill....

�

when they announched their plan to make punggol double the size of AMK, im sure they will fully utilize every inch of this island....

�

current punggol is only 1/3 it's planned size. that's scary crowded.�

i balloted for duxton SOBF... got number 36, but only 12 units available. nnb...

�

been to a friend's home in Duxton and also the skypark or skybridge or whatever its called

�

frankly i wouldn't pay a $1M for a place there

�

�

i oso wun pay $900k+ for a hdb at bishan or queenstown. but a few ppl did and that's enuf to set the price benchmark.�

one can be unwillingly to pay for any price

however, eventually the market price is "dictated" by developers and suckers

one way or another ... everyone is suck into a big hole

unless you don't buy and don't sell

�

just like i complain to my wife the vege and chicken is expensive at the local wet market

kena 2 tight slap and got the answer, you can grow your own vege and rear your own chicken, can you?

�

6.9M population in a small 710km sq island ... don't expect anything cheap hor

Edited by Wt_know, 20 November 2013 - 04:34 PM.

�

i oso wun pay $900k+ for a hdb at bishan or queenstown. but a few ppl did and that's enuf to set the price benchmark.�

�

i won't too but at least the units in bishan or queenstown are bigger and living density is�much lower

Edited by Enye, 20 November 2013 - 04:49 PM.

6.9M population in a small 710km sq island ... don't expect anything cheap hor

�

locals' salary lo

very disappointed ... how could be 5th ... Singapore must be 1st

�

http://www.businesst...report-20131120

�

Singapore's Paterson Hill has been ranked the fifth most expensive street in the world with an average price of S$$53,800 per square metre by Billionaire.com. This works out to about S$4,998 per square foot.
�

Paterson Hill is located in district 9, a tranquil residential area close to Orchard Road Shopping Belt as well as various international schools.

�

The most-expensive condominium on this road is The Marq, which achieved a record price of S$6,850 per square foot for a 3,003 square foot unit in November 2011. Prices along the street have jumped 6.5 per cent in the last year, though largely down to currency fluctuations, the report said.

�

Pollock's�Path, The Peak, in Hong Kong was the world's most expensive street at US$120,000 (HK$930,670) per square metre, followed by Kensington Palace Gardens in London; Avenue Princesse Grace in Monaco; and Boulevard�du G�n�ral de Gaulle in Cap Ferrat, France.

Edited by Wt_know, 20 November 2013 - 08:50 PM.

waterfront here waterfront there ... waterfront everywhere ... punggol also got waterfront

cannot afford sentosa cove?

here comes kampong bugis for you ... huat ah!!!

�

http://business.asia...g-kampong-bugis

�

Edited by Wt_know, 20 November 2013 - 08:55 PM.

�

Yeah I was just talking to my colleague about this "expansion" of Holland V. Garment cannot take back the "ang moh chus" so probably extend to gim moh, commonwealth or maybe even to tanglin halt and the land cleared around there, plus the old train tracks.

�

there are old "landed" houses under SLA in holland V, i reckon those are the places to be redeveloped
�

There are so many properties for sale currently.
More to come in next two years and even more in the next 5 to 10yrs.
You guys go ahead and grab all you want.
As for me, i cant afford it.

news reported punggol will huat huat huat with the new plan of decentralisation

�

btw, punggol hdb 4-room already selling $600k
5-10 years later, no $1M no talk

Edited by Wt_know, 20 November 2013 - 10:37 PM.

news reported punggol will huat huat huat with the new plan of decentralisation

�

btw, punggol hdb 4-room already selling $600k
5-10 years later, no $1M no talk

�

no wonder cannot draw poverty line, coz there'll b so many joining that lower end of d line, it ends up being the median n they have to adjust it downwards repeatedly later HAHAHAHA

�
no wonder cannot draw poverty line, coz there'll b so many joining that lower end of d line, it ends up being the median n they have to adjust it downwards repeatedly later HAHAHAHA

Wah........you mean we are actually all poor?
I thought we are mostly millionaires in Singapore?

No no no......(fade into the abyss)

huat ah !!! buy buy buy .... no $1M no talk .... ho say liao [thumbsup]

�

Singapore economy to grow by 3.5-4.0% in 2013: MTI

�

THE Singapore government now expects the economy to grow by 3.5-4per cent this year, hiking up its earlier official forecast of 2.5-3.5 per cent.

The Ministry of Trade and Industry (MTI) announced on Thursday morning that Q3 gross domestic product grew a stronger 5.8 per cent, thanks to a rebound in manufacturing output.

�

This beat both the initial flash estimate of 5.1 per cent growth, and the market's expectation that this could be raised to 5.3 per cent.

�

This also means that after seasonal adjustments, and on an annualised basis, the Singapore economy grew 1.3 per cent, contrary to the flash estimate of a 1 per cent contraction.

�

that's why ... my fav tagline for 2013 is no $1M no talk

�

Wah........you mean we are actually all poor?
I thought we are mostly millionaires in Singapore?

No no no......(fade into the abyss)

Edited by Wt_know, 21 November 2013 - 10:33 AM.

JB 1 day trip, anyone?

millionaire timing ... jin ho jiak

�

^ CSB seminar

Wah........you mean we are actually all poor?
I thought we are mostly millionaires in Singapore?

No no no......(fade into the abyss)

�

i refer to pareto principle eg. 80% of wealth is controlled by 20% of population. so for SG the poverty line is prob the median population coz our wealth gap is so big.

read in forbes that now one in 30 is a millionaire.

�

very soon, the figures are gonna jump significantly

�

especially when MOP is up for duxton pinnacle� [grin]

read in forbes that now one in 30 is a millionaire.
�
very soon, the figures are gonna jump significantly
�
especially when MOP is up for duxton pinnacle�

The important question is, are you that one in thirty?

Edited by Throttle2, 21 November 2013 - 09:08 PM.

The important question is, are you that one in thirty?

�

for me, not now�

�

but targeting to be the one in future!

read in forbes that now one in 30 is a millionaire.
�
very soon, the figures are gonna jump significantly
�
especially when MOP is up for duxton pinnacle�

Zun boh.. Got count the loan taken for the property or not

Zun boh.. Got count the loan taken for the property or not

�

http://www.forbes.co...sts-many-myths/

�

�

http://www.forbes.co...sts-many-myths/

�

thanks..i still got many years to reach 66.. still got time...� :ph34r:

�

but from the report, the sg millionaire sounds like a very boring giam kana� [laugh]

"So, that Ferrari which whizzed past you on Orchard Road was probably that of an Indonesian.

�

And that high roller on the Baccarat table in the casino is probably a China �whale.�

�

The average Singapore multimillionaire, in his pinstripe suit and horn-rimmed glasses, is at work on spreadsheets. He will then, most likely, go home to a quiet dinner with his wife and three kids."

^not SG millionaire, SG multi-millionaire.

Dow Closes Above 16000

�

huat ah !!! xmas lai liao.... i mean Yellen effect lai liao

whether the "fundamental" of economy is solid or not

cheap money is flooding into the market

easy come/up easy go/down ... caveat emptor

�

The Dow Jones Industrial Average closed above 16000 for the first time Thursday, extending a rally that has the blue chip-index on pace for its best year in a decade.

�

Thursday's gains came after Janet Yellen moved a step closer to becoming the next Federal Reserve leader and a better-than-expected report on the jobs market boosted sentiment. The Dow rose 109.17 points, or 0.69%, to close at 16009.99, its 40th record close this year.

�

The S&P 500 rose 14.48 points, or 0.81%, to close at 1795.85 and the Nasdaq Composite Index was up 47.88, or 1.22%, to close at 3969.15.

Edited by Wt_know, 23 November 2013 - 10:27 AM.

�

The average Singapore multimillionaire, in his pinstripe suit and horn-rimmed glasses, is at work on spreadsheets. He will then, most likely, go home to a quiet dinner with his wife and three kids."

�

3 kids - check

�

wife - check

�

dinner with family - check

�

spreadsheets - check

�

glasses -� can buy horn rimmed type - check

�

pinstripe suit - can buy - check

�

why am I still not a multi-millionaire?

�

[furious]

�
3 kids - check
�
wife - check
�
dinner with family - check
�
spreadsheets - check
�
glasses -� can buy horn rimmed type - check
�
pinstripe suit - can buy - check
�
why am I still not a multi-millionaire?
�

Becos can buy means dont have so you cannot check

Becos can buy means dont have so you cannot check

�

buy this weekend

�

can turn into multi millionaire by Monday

�

woohoo!

�

�
buy this weekend
�
can turn into multi millionaire by Monday
�
woohoo!
�

Already told you.
If you hv to buy it now , its means you dont qualify. Even buy already also dont qualify.

Those who qualify , long long ago have more than 5 pin stripe suits sitting in their wardrobe liao.
Like Tedlhw.

JB 1 day trip, anyone?

millionaire timing ... jin ho jiak

�

�

Nabeh, am i the only one who thinks that this Ho Chin Soon looked sibeh dodgy?� [laugh]

My tribute to Throttle2 for his poisonous Kangtao

Even more poisonous than the PDMM massage parlor upstairs

Attached Thumbnails

Already told you.
If you hv to buy it now , its means you dont qualify. Even buy already also dont qualify.

Those who qualify , long long ago have more than 5 pin stripe suits sitting in their wardrobe liao.
Like Tedlhw.

�

question.

�

what's so special about horn rimmed glasses and pin strip suits that multi millionaires must possess?

�
question.
�
what's so special about horn rimmed glasses and pin strip suits that multi millionaires must possess?

I dont know, i dont even wear glasses to begin with

�
Nabeh, am i the only one who thinks that this Ho Chin Soon looked sibeh dodgy?�

I know its not fair to judge a book by its cover, but i made the bulk of my money doing so and this cover sure looks like a crook.....muayhahahahahah

My tribute to Throttle2 for his poisonous Kangtao

Even more poisonous than the PDMM massage parlor upstairs

Hahah, clap clap. Well done Comnao!!
Hope you got a good price for the jube bracelet.

All the best.

Edited by Throttle2, 23 November 2013 - 10:50 PM.

�
�
http://www.forbes.co...sts-many-myths/

So the jump in the rich is foreigners or local?

So the jump in the rich is foreigners or local?

More foreigners than locals.

not just foreigners ... new citizens too

�

It is true that many rich new Singapore Citizens from mainland China are buying up landed properties in Singapore. MP Inderjit Singh commented one such case recently in the Parliament. In that case, the new citizen bought 3 landed properties in Kebun Baru

Edited by Wt_know, 24 November 2013 - 12:41 AM.

More foreigners than locals.

So numbers is fake as the local welfare has not been increasing as much as reported as compared to wealth grow.

Haiz

not just foreigners ... new citizens too

�

�

�non citizens cannot buy landed, correct me if i m wrong

�
�non citizens cannot buy landed, correct me if i m wrong

Can buy. PR not citizen , can buy.
Need exceptional approval.
And i am talking mainland landed not sentosa landed.

Edited by Throttle2, 24 November 2013 - 04:03 PM.

$250K passive income per annum. achievable?

if the target is only $125K per annum, then the total investment can be halfed

�

10% annualise return of $2.5M investment = $250K

8% annualise return of $3.125M investment = $250K

5% anualise return of $5M investment = $250K

�

Edited by Wt_know, 24 November 2013 - 09:42 PM.

what is the expected return ($ and %) for a $2.5M property?
i assume a $2.5M smaller unit in MBS area generate a higher return than a bigger unit at OCR?

Edited by Wt_know, 24 November 2013 - 10:23 PM.

i heard duo res!dence got 1 china man bot 15-16 units!!! u know why it wont stop? garmen is collecting so much stamp duties out of this so this china man alone contribute more than avg singie's annual n maybe if a lifetime worth of tax lor!� win win for developer n garmen! AHAHAHA

�

maybe need to have max units per FT liao!!

Edited by Duckduck, 25 November 2013 - 09:52 AM.

i heard duo res!dence got 1 china man bot 15-16 units!!! u know why it wont stop? garmen is collecting so much stamp duties out of this so this china man alone contribute more than avg singie's annual n maybe if a lifetime worth of tax lor!� win win for developer n garmen! AHAHAHA

�

maybe need to have max units per FT liao!!

�

wat max units? you didnt know previously someone bought the entire block? [dizzy]

how to beat others, they need�half a�month, to earn my entire year salary [bigcry]

Edited by Staff69, 25 November 2013 - 10:23 AM.

�

wat max units? you didnt know previously someone bought the entire block?

�

u mean reflections? haha that one famous liao... was dumping mutliple units 1-2yrs...

wow ... that's fking insane

since 2012 till now, every project i went to "kaypoh" the agent telling me chinaman bought at least 2 units (mostly) and some 3 units

15-16 units is insane ... downpayment + absd + lawyer fees + simi simi = $10M++ cash?

�

china and hk is tracking down property speculation sibei hard ... spore is their next best destination to whack liao [sly]

�

this one passive income > $250K per annum? can retire liao !!!

�

i heard duo res!dence got 1 china man bot 15-16 units!!! u know why it wont stop? garmen is collecting so much stamp duties out of this so this china man alone contribute more than avg singie's annual n maybe if a lifetime worth of tax lor!� win win for developer n garmen! AHAHAHA

�

maybe need to have max units per FT liao!!

Edited by Wt_know, 25 November 2013 - 11:13 AM.

This is the one no horse run. whoever her agent huat until kingdom cum.

http://sgproptalk.bl...t-purchase.html

�

�

$226,472,460 for a whole tower block (i.e. Tower 1A consisting of 83 units) at Reflections at Keppel Bay in 2007.

bought in 2007, now huat until dunno what liao.

Edited by Mockngbrd, 25 November 2013 - 11:15 AM.

the million dollar question is ... the commission go to 1 agent or company?

the agent who answer the call can "hentak kaki" liao?

�

Madam Lai: I want to buy Tower 1A
Agent: Excellent choice, madam. So how many bedrooms are you looking for and which floor do you like?
Madam Lai: No, Tower 1A
Agent: Yes, yes�I understand. But there are many different unit types in Tower 1A. So which type are you looking to buy? And do you want high or low floor??
Madam Lai: All of them
Agent: All of them�as in one whole floor?
Madam Lai: No� whole block.
Agent: *stunned* Er... er...

�

This is the one no horse run. whoever her agent huat until kingdom cum.

http://sgproptalk.bl...t-purchase.html

�

bought in 2007, now huat until dunno what liao.

Edited by Wt_know, 25 November 2013 - 11:17 AM.

This thread had been around for so long.. From the time pple say got finanical crsis, US raising Fed rate and all CMs out from SG till now... I still dont see any drops in the pricings hahhhaa... but the reverse is true.. instead the prices for private houses keep increasing and the demands keep going up up up and away...

�

Think for those waiting for durians to drop from the tree, need to wait till neck long long... as long as the US keeps printing $$

Edited by Apvman, 25 November 2013 - 12:00 PM.

true true ... history repeats itself

the more people shouting crash ... the higher it goes

when everyone shout buy buy ... and sky is the limit ... there is where crash comes F&F

comes Jan/Feb usa hit debt ceiling again ... but when Yellen start $printer$ ... huat ah!

�

This thread had been around for so long.. From the time pple say got finanical crsis, US raising Fed rate and all CMs out from SG till now... I still dont see any drops in the pricings hahhhaa... but the reverse is true.. instead the prices for private houses keep increasing and the demands keep going up up up and away...

�

Think for those waiting for durians to drop from the tree, need to wait till neck long long... as long as the US keeps printing $$

Edited by Wt_know, 25 November 2013 - 12:10 PM.

$250K passive income per annum. achievable?
if the target is only $125K per annum, then the total investment can be halfed
�
10% annualise return of $2.5M investment = $250K
8% annualise return of $3.125M investment = $250K
5% anualise return of $5M investment = $250K
�

Hhhmmm, doesnt look Australian leh.....

true true ... history repeats itself
the more people shouting crash ... the higher it goes
when everyone shout buy buy ... and sky is the limit ... there is where crash comes F&F
comes Jan/Feb usa hit debt ceiling again ... but when Yellen start $printer$ ... huat ah!
�

This is the danger part..when everyone expect them to print, then suddenly they do the opposite, u can imagine what's going to happen.

Radx will probably need to franchise his biz out for more helpers

duno abt prop mkt, but im expecting US mkts to reach another rd higher to get parabolic high before a big dip.

Latest

Attached Thumbnails

Buyers are back in droves

�

http://www.todayonli...are-back-droves

�

Prices can only continue to go up if land supply is reduced. The authorities have already experimented with closing the tenders for sites at the same time but without much success in reining in response. Of course, one could argue that prices would have been higher if not for this.

Edited by Wt_know, 26 November 2013 - 09:21 PM.

Buyers are back in droves
�
http://www.todayonli...are-back-droves
�
�

Brother, dont put old news to confuse people leh.
Yours is last two weeks news. Mine is latest news.

Heeeeeheeeeeeee

By the way, no watch no counted.....

Edited by Throttle2, 26 November 2013 - 09:33 PM.

How come D Leedon and Interlace still advertising to sell in today's papers??
After 3 yrs still not fully sold?

How come D Leedon and Interlace still advertising to sell in today's papers??
After 3 yrs still not fully sold?

Interlace about 80% sold, remaining are bigger units from $2.5M onward� [:|]

Interlace about 80% sold, remaining are bigger units from $2.5M onward�

Why the bigger units cannot sell leh? Only $2.5mil mah.....
How big is big? 3000sft?
You mean units that were sold in the last 2 -3 yrs were mostly mickey mouse and under $1mil.
So its all this 400-500sft units with small quantums misrepresenting the market psf pricing?
Oh so i see....

What happens to developer if still unsold after the stipulated time period?
When is that coming? Anyone knows?
Interesting times.

Rupiah really kenna whack.... Compared to less than a year ago, now change to SGD lose 25% value.....how to buy SG properties.....hai......

Edited by Throttle2, 30 November 2013 - 07:57 PM.

lai ah lai ah ...� Japan, Thailand, London, Manila ... group buy !

no ABSD, no SSD, and most importantly no TDSR ... huat ah!

$250K-$400K just merely enough for downpayment + stamp-duty in spore

in overseas, you can buy the whole unit in CASH liao [thumbsup]

should one seriously relook into buying property overseas ... why not?

�

Edited by Wt_know, 01 December 2013 - 11:34 AM.

Wah........but I no monies.

back to my bto

Edited by Staff69, 01 December 2013 - 11:54 AM.

japan - ok, but scare earthquake

thailand and philipines - political instability ... this one jialat

hk, china & london - too ex

taiwan - a good choice too but ex and strict rules, also scare natural disaster

so, how?

Edited by Wt_know, 01 December 2013 - 09:43 PM.

can buy from radax, heard he part time property agent for hades [lipsrsealed]

�

TOP upon death [sweatdrop]

�

Edited by Staff69, 01 December 2013 - 10:37 PM.

japan - ok, but scare earthquake

thailand and philipines - political instability ... this one jialat

hk, china & london - too ex

taiwan - a good choice too but ex and strict rules, also scare natural disaster

so, how?

donate savings to CPF lor, let ur money grow before u collect on 65.

�

no watch no tok

http://www.straitsti...uation-20131202

�

In Nara they have a setup where you were strapped into a chair to experience forces similar to a big ass earthquake, with and without the anti-earthquake system. Without the anti-earthquake system, can shake until u jialat jialat, with the anti-earthquake system, the chair move abit from side to side gently while you can see the support below the chair is shaking.

�

found some vids

�

Edited by Mockngbrd, 02 December 2013 - 11:08 AM.

Oh goody let's hope this keeps up in the long run and hdb�"valuations" start to come down.

Oh goody let's hope this keeps up in the long run and hdb�"valuations" start to come down.

�

Negative liao!!!!! buy ec upgrader will have hard time selling their hdb!!!!!!

�

http://www.stpropert...uation/a/145269

�

Spike in number of flats sold below valuation THE number of Housing Board flats being sold below valuation has rocketed, as tighter mortgage rules eat into demand.

The Straits Times - December 2, 2013
By: Rachel Au-Yong

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

�

200xNx145269__1385952028.jpg.pagespeed.i

THE number of Housing Board flats being sold below valuation has rocketed, as tighter mortgage rules eat into demand.

According to HDB's latest figures, 105 units were sold in October for less than their appraisal. This accounted for 7 per cent of the total resale volume, a marked increase on the average 0.3 per cent for each month of the first half of the year.

This means around four times as many flats were sold below valuation in October alone than over the whole of January to June, when there was an average of five such transactions every month.

This has forced sellers, such as assistant manager Raymond Koh, 37, to adjust expectations.

After asking for a cash-over- valuation (COV) of $20,000 for his $526,000 five-roomer in Punggol earlier this year and finding no buyers, he cut his price. "I lowered my COV to $10,000, then $5,000, then zero," he said. "Then I started going negative."

Today, his second-floor, nine-year-old flat is on sale for $20,000 below valuation.

The lower mortgage servicing ratio, shorter loan tenure and three-year wait before new permanent residents can buy public flats - announced in quick succession since August - have cooled interest. Median COV, the cash amount which buyers typically pay on top of valuation of a resale unit, fell from $35,000 in January to $12,000 in October.

Some sellers are no longer asking for COVs, and some are pricing flats even below valuation. OrangeTee research head Christine Li thinks the main COV killer is the stricter mortgage rules.

In August, the Housing Board announced that resale buyers can use up to only 30 per cent of their gross monthly income to repay loans with HDB, down from 35 per cent. This is in line with the mortgage servicing ratio announced in January for loans from private banks.

"Because buyers, especially young couples, can now take out only smaller loans, the additional portion has to be fronted by cash, which eats into their ability to pay COVs," she said.

Some flats will be hit worse than others, said analysts.

In Punggol and Sengkang, or larger estates in outlying areas such as Choa Chu Kang, the ramping up of new Build-To-Order flats has come at the same time as owners of neighbouring blocks being allowed to sell after a typical five-year minimum occupation period, said PropNex chief executive Mohamed Ismail.

"And if you live on the second floor, facing the rubbish chute - it's a triple whammy," he said. "Your COV will, of course, fall."

Owners such as divorcing couples or those who have purchased a new flat may have little choice but to sell.

Mr Koh has not bought a flat yet, but wants to upgrade to an executive apartment or a condominium in Sengkang, near the school of his choice for his five-year-old son. But he is adamant that $20,000 below valuation is as low as he is willing to go. "Any lower and I might as well continue living here."

But got people say hdb very safe one.......so now no?

But got people say hdb very safe one.......so now no?

Just announce 8 million population plan sure hdb hit one million again

Is this a plan from garmen to press down prices so that new citizens can buy cheap housing and to prevent old citizens from earning monies. Cos the only people that can profit is the garmen

Is this a plan from garmen to press down prices so that new citizens can buy cheap housing and to prevent old citizens from earning monies. Cos the only people that can profit is the garmen

�

falling COV or negative valuation is a function of oversupply under demand. this happened 10yrs ago when garmen did exactly wat they did recently by building ahead of demand. 15yrs ago they did so coz they expected rising demand n didnt foresee asian crisis, this time rd is coz of political pressure, so different catalysts but probably same results.... time will tell...

But makes sense, cos they going to flood here with 7,000,000.00 people. So cheap housing is a must then they suck monies from mrt, gst, erp,coe and cpf

property tax only earn 1 time and they know owners confirm earn monies so ??

Edited by Staff69, 02 December 2013 - 01:30 PM.

�

falling COV or negative valuation is a function of oversupply under demand. this happened 10yrs ago when garmen did exactly wat they did recently by building ahead of demand. 15yrs ago they did so coz they expected rising demand n didnt foresee asian crisis, this time rd is coz of political pressure, so different catalysts but probably same results.... time will tell...

�

This time is different , is a engineered soft landing�.�GE is only 3 yrs away , hence price must be cheap cheap to allow more happy new citizen to buy wat , otherwise they get angry vote the wrong part how ?

�

falling COV or negative valuation is a function of oversupply under demand. this happened 10yrs ago when garmen did exactly wat they did recently by building ahead of demand. 15yrs ago they did so coz they expected rising demand n didnt foresee asian crisis, this time rd is coz of political pressure, so different catalysts but probably same results.... time will tell...

�

The drop in hdb price have started.. and will continue until all EC / BTO are completed... :)

�

Alot of upgraders are being force sell their HDB because of the completing of EC..Due to this fact, there is more flats in the resale mkt forced to close asap, seller has no choice but to lower their expectation regardless of their holding power.

�

- PR cannot buy within the first few�yrs

- Pte owner cannot buy

- PR buy already cannot rent out.. so no point for them to buy if they dun intent to stay in hdb.

- Profile of new PR are ppl with higher nett worth...

�

Now those youngster that KPKB abt hdb price too high for them. and concerned parents can take a break from kpkb liao :P .. ha ha ha �

another point to add... hdb is losing it "investment" value to some hdb owners.

�

Simply because sg owners can no longer buyer a pte to move to, and rent out their hdb, �because of high downpayment and levy for the next house.

�

*well done* to hdb for curbing the speculation on hdb flats.

�

This time is different , is a engineered soft landing�.�GE is only 3 yrs away , hence price must be cheap cheap to allow more happy new citizen to buy wat , otherwise they get angry vote the wrong part how ?

�

i thk they feel they can arrest the decline if it falls too hard by removing some cooling measures, but my experience is that once a commodity goes into bear mkt, it can remain in a certain direction for longer than expected. plus assume they remove cooling measures but interest rates rise, effectively theres no help liao... of cse hdb mortgage rates r set by themselves... but those refinance private properties may not b helped

Edited by Duckduck, 02 December 2013 - 01:50 PM.

�

i thk they feel they can arrest the decline if it falls too hard by removing some cooling measures, but my experience is that once a commodity goes into bear mkt, it can remain in a certain direction for longer than expected. plus assume they remove cooling measures but interest rates rise, effectively theres no help liao... of cse hdb mortgage rates r set by themselves... but those refinance private properties may not b helped

�

ha ha ha .. they just need to lift 1 measure.. i think hdb price will stablise liao..

�

For pte owner to buy hdb..� Alot of the retiree will throw their $$ to buy up hdb in cash.

�

�

ha ha ha .. they just need to lift 1 measure.. i think hdb price will stablise liao..

�

For pte owner to buy hdb..� Alot of the retiree will throw their $$ to buy up hdb in cash.

�

im not sure politically theyll b able 2 do so coz the avg singie will not b happy, which was wat caused this measure in d first place, to prevent rich pple frm landbanking HDB flats. imagine a billionaire buy 1 block of HDB flat...

�

im not sure politically theyll b able 2 do so coz the avg singie will not b happy, which was wat caused this measure in d first place, to prevent rich pple frm landbanking HDB flats. imagine a billionaire buy 1 block of HDB flat...

�

yeah..i agree that they probably unwilling to that until all the singie get their house....

But if the owners kpkb more abt falling price, it is likely..

�

btw , billionaire cannot buy 1 block lah.. because 1 hdb for 1 family only..

�

aniway, alot of ppl i know is regretting buying oversea pte because of exchange rate hike( oz / my ) and the change in policies ( malaysia).

�

The spike in exchange rate effective zeroies the profit from these property...� Many ppl are still looking to buy in sg as part of long term planning... These ppl are not looking and 5-10 yrs turnover.. more like 10-20 years.

Edited by ShepherdPie, 02 December 2013 - 02:14 PM.

Drop in hdb price will affect pte price or not?

Since more pr cannot buy hdb then assume these people buy pte or rent hdb/pte

Drop in hdb price will affect pte price or not?

Since more pr cannot buy hdb then assume these people buy pte or rent hdb/pte

�

Think pte will be pose for correction also.. because of higher vacancy rate..

�

however, since these owners mostly are not force selling.. , even if there is drop.. you dun see ppl selling alot lower than initially expected...� Also we need to see if there is any change in the immigration policies.

�

From what i understand, alot of� KL companies are looking into moving their manpower /hq here.. because of lower income tax.� My friend's company just got invaded by malaysians after the change in GM. Apparently, they get paid more here than in�my�and the company saves also because their personal tax here is lower. ( we are talking abt MNC paying global rate).

�

So i guess, a few landlords just got lucky also.

Edited by ShepherdPie, 02 December 2013 - 02:26 PM.

Not forgetting much higher taxes on non owner occupied properties

Attached Thumbnails

huat ah ... existing hdb owner hold your horses

National Development Minister Khaw Boon Wan said the tapering will be done in a "measured" way to allow the housing market to gradually adjust.

PHOTOS
Waterway Cascadia (Photo: HDB)
ENLARGECAPTION
SINGAPORE: The government will begin to taper off massive construction of public housing from 2014 as supply and demand for public housing return to balance.

In a blog post published on Monday evening, National Development Minister Khaw Boon Wan said the last three years of sustained ramp-up have helped to "restore the balance in our housing market".

However, Mr Khaw said the tapering will be done in a "measured" way to allow the market to gradually adjust, just like the government had done to cool the property market earlier.

Mr Khaw noted in his blog that as the November's Build-to-Order (BTO) and Sale of Balance Flats (SBF) launch - the last exercise for the year, draws to a close on Monday, the average BTO application rate has fallen from a high of 5.3 in 2010, to a low of 2.9 this year.

The November exercise saw 8,952 flats in a single launch, making it the largest in HDB's history.

Mr Khaw said with this, HDB has delivered over 25,000 BTO flats this year and over 77,000 BTO flats in the last three years.

He said HDB has cleared the backlog of young families buying their first flats, with average BTO application rate for first-timers holding steady at below two times.

BTO application rate for second-timers has also fallen from a high of 25.9 times in November 2011, to 2.4 times in the current November exercise.

While singles' demand continues to be high, Mr Khaw noted that the BTO application rate for singles has come down from 57.5 times in July this year, to 25.2 times in the latest BTO exercise.

Lower application rates for November's BTO and SBF exercise

As of 5pm on Monday, the application rates for November exercise are relatively lower this time round.

For example, the number of applications for BTO flats in areas such as Sembawang is lower than the number of flats put up for sale.

There were 85 applicants for 174 five-room units in Sembawang. In Bukit Batok, there were 401 applicants for 591 four-room units in Bukit Batok.

Analysts said the results are not surprising.

Eugene Lim, key executive officer at ERA, said: "Due to the sheer number of flats that have been put on sale, this is possibly the biggest number of flats that have been put on sale in recent times."

Mr Lim also cited the wide variety of locations and the types of flats available as possible reasons for the lower demand.

According to analysts, home buyers are also lured by the lower cash premiums in the resale market.

"Cash premiums have come down, it is nice to see valuations, or sale prices equal to valuation or below valuation. This has attracted some buyers back to the resale market again," explained Chris Koh, director of property firm Chris International.

"Moving forward, I should see more demand now coming back to the resale market because prices of the resale flats have gone down."

According to figures from the Housing and Development Board, the average number of flats transacted below valuation was five per month in the first half of 2013. The number has increased to 105 in October 2013.

And while the government has launched 25,000 new flats this year, Mr Koh believes authorities are unlikely to commit to a figure next year, and will probably monitor and adjust BTO supply after every exercise.

Edited by Wt_know, 02 December 2013 - 10:26 PM.

means HDB overbuilt?

under built
over built
under built again
it is a cycle
up down up down then got chance to make money ma
if constant all agents and banks and speculators jiak sai liao

under built
over built
under built again
it is a cycle
up down up down then got chance to make money ma
if constant all agents and banks and speculators jiak sai liao

HDB machiam options, the less volatile the more people rugi

good lah...people should learn that HDB is for building a home

�

NOT�for staying 5 years to earn a few hundred K�to fund their�upgrade to EC

�

aiyo ... this is the GREATEST PLAN ever invented by default� ... how can you push it away? ... lol

this is the default route in auto pilot mode leh ... how?

bto > 5 years sell > upgrade ec/private > 5 years sell > upgrade to landed > old liao sell > cash out > money back to cpf > long life $500 per month

�

after uni the 1st question to pop for marriage proposal is ... bto ai mai?

�

good lah...people should learn that HDB is for building a home

�

NOT�for staying 5 years to earn a few hundred K�to fund their�upgrade to EC

�

Edited by Wt_know, 03 December 2013 - 10:24 AM.

aiyo ... this is the GREATEST PLAN ever invented by default� ... how can you push it away? ... lol

this is the default route in auto pilot mode leh ... how?

bto > 5 years sell > upgrade ec/private > 5 years sell > upgrade to landed > old liao sell > cash out > money back to cpf > long life $500 per month

�

after uni the 1st question to pop for marriage proposal is ... bto ai mai?

�

�

this is the greatest trap ever invented�towards�bigger and bigger�debt

�

Rupiah really kenna whack.... Compared to less than a year ago, now change to SGD lose 25% value.....how to buy SG properties.....hai......

�

never mind.� i heard RMB is still very strong

�

aiyo ... this is the GREATEST PLAN ever invented by default� ... how can you push it away? ... lol

this is the default route in auto pilot mode leh ... how?

bto > 5 years sell > upgrade ec/private > 5 years sell > upgrade to landed > old liao sell > cash out > money back to cpf > long life $500 per month

�

after uni the 1st question to pop for marriage proposal is ... bto ai mai?

�

�

The highlighted part...then stay there ah?

2014 taper off construction. so after 2016 no more new hdeebee flats liao?

mycarforum

Thứ Ba, 3 tháng 1, 2017

Rupiah/Rupee at risk, SG/HK risk property bubble part 11

Attached Thumbnails

Attached Thumbnails

Attached Thumbnails

Không có nhận xét nào:

Đăng nhận xét