The only interesting thing is the recent HDB BTO and SOBF launches.
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I didn't realise Bidadari is classified�as a Mature Estate. I always thought it was a mature cemetery but new estate.
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it was occupied for a long time, and now is just a redevelopment�
I think maturity is defined by distance from city centre. Districts 1 to 15 all mature, ripe for harvesting.
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nothing to update lah
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if u waiting for price to drop and get a nice discount, pls continue to wait (since end 2012)
![[laugh]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sGDsBr1kXJlQpKD_ldF5nl3yvw9tUeKBAA1AuEX1zM__zcDwYELIPP9NEPii2ySavdQMa1u-EBhz_nIBuz9yfmR9GIRcflrhPGMK3CrYxbsHI0BketdhlqPMiu-GehFsU4s6XNXg=s0-d)
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hearsay bto $400k-$500k oversubscribed many many times leh
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Edited by Wt_know, 28 November 2015 - 12:41 PM.
cut debts? lol
hearsay bto $400k-$500k oversubscribed many many times leh
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4-500K in cpf and cash is sup sup sui for average singaporean couples
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pay in full also no problem. no debt required
23% (ordinary account contribution rate) x $4k (median salary, cap at 5k for many years) x 15 months (3 months bonus) = $13,800. About 20 years to get to 250k.4-500K in cpf and cash is sup sup sui for average singaporean couples
pay in full also no problem. no debt required
Is this the same Patrick Liew of HSR? Why he talking down the market?
Edited by Voodooman, 30 November 2015 - 05:13 PM.
23% (ordinary account contribution rate) x $4k (median salary, cap at 5k for many years) x 15 months (3 months bonus) = $13,800. About 20 years to get to 250k.
Is this the same Patrick Liew of HSR? Why he talking down the market?image.png
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Cannot talk up so talk down. Agents don't really care whether market is going up or down as long as there is no expectation gap between buyers and sellers, there will be transactions.
mass market $1M to $1.25M still selling at $1M to $1.25M even with all the CMs ... nabei
so liang teh measure is not to bring down the price
liang teh measure is to prevent 30% skyrocket?
![[sly]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_tc6kRW6IRrJzgoPxt9jV1grEGnRhv0JlXSghRpzr8yUaNpKIzDYC7xlyHyHXwygTFwB6oW54HzIoXXLgRWLhFLHbsoGn9lK3FLtU4fCeHGp7vB-UJpxW6p1HV49gI1k_VJoSI=s0-d)
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Edited by Wt_know, 30 November 2015 - 07:41 PM.
mass market $1M to $1.25M still selling at $1M to $1.25M even with all the CMs ... nabei
so liang teh measure is not to bring down the price
liang teh measure is to prevent 30% skyrocket?
It is to prevent the poor from getting into too much debt.
Oooops did i say the poor?
Well, thats reality.
Liangteh is not to prevent rich from getting into trouble.
Becos the rich can go bankrupt for all we care! yup!
Muayhahahahaha
SSD of 4 to 16%. ABSD of 7% or 10% or higher.
I really think the TDSR is the most effective having turned the tide only in 2013 but the report says SSD and ABSD are the most effective.
I guess the conclusion in this case is that there are still many who can clear TDSR but do not want to pay ABSD or SSD.
Edited by Seohster, 01 December 2015 - 06:20 PM.
One other way to look at it is most of the CMs are in a way taxing the more affluent or capable with spare cash and earning capacity.
SSD of 4 to 16%. ABSD of 7% or 10% or higher.
I really think the TDSR is the most effective having turned the tide only in 2013 but the report says SSD and ABSD are the most effective.
I guess the conclusion in this case is that there are still many who can clear TDSR but do not want to pay ABSD or SSD.
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i cannot imagine the mayhem that would be unleashed once ABSD is lifted. Prices will go up 10-20% minimum�
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i would recommend the govt introduce more CM, cos the market is freaking hot!�
Edited by Wyfitms, 02 December 2015 - 10:09 AM.
One other way to look at it is most of the CMs are in a way taxing the more affluent or capable with spare cash and earning capacity.
SSD of 4 to 16%. ABSD of 7% or 10% or higher.
I really think the TDSR is the most effective having turned the tide only in 2013 but the report says SSD and ABSD are the most effective.
I guess the conclusion in this case is that there are still many who can clear TDSR but do not want to pay ABSD or SSD.
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ABSD and SSD limits market liquidity.
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To buy a 1 mil plus condo, you need to pay 1.1 mil. If you wanna sell it, you only get back 1 mil but you need to find a sucker who is willing to pay 1.1 mil....
don't be surprise there are many suckers out there ...
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ABSD and SSD limits market liquidity.
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To buy a 1 mil plus condo, you need to pay 1.1 mil. If you wanna sell it, you only get back 1 mil but you need to find a sucker who is willing to pay 1.1 mil....
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Buy and sell is one strategy.
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But that type has more or less sold for a while or stayed out of market for a while since risks spiked.
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My interpretation for most current buyers' profile is buy and stay, or buy and hold type for at least 5-10 years or more.
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The BSD is already 3%. Unless one has confidence to earn 6% (factoring in second buyers' BSD, I don't think buy and sell type will dare to commit. Nobody dares to even predict a flat market going forward in the near term of 2-3 years, �much less to say gain of 6%.
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To get buy and stay or hold type to sell, need recession plus loss of jobs.�
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ABSD and SSD limits market liquidity.
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To buy a 1 mil plus condo, you need to pay 1.1 mil. If you wanna sell it, you only get back 1 mil but you need to find a sucker who is willing to pay 1.1 mil....
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ABSD and SSD limits market liquidity.
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To buy a 1 mil plus condo, you need to pay 1.1 mil. If you wanna sell it, you only get back 1 mil but you need to find a sucker who is willing to pay 1.1 mil....
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To sell at 1.1m in your case is losing money hor.
Don't forget all other legal fee, bank interest, agent fee, this fee, that fee hor .....
i would say u can't sell at 1.5m, u better keep quiet(of cos not saying you ah...) and keep servicing your loan better....
i cannot imagine the mayhem that would be unleashed once ABSD is lifted. Prices will go up 10-20% minimum
i would recommend the govt introduce more CM, cos the market is freaking hot!
They can remove absd or whatever stamp for all i care, thats never my debate anyway.
Just put in at least minimum 50% down in cash otherwise tiam tiam lah.
Knn, cant even down $1m - $2m cash, invest simi lan property. Pwui!
Yes that would be an effective one to add. 50% down or forget it.
Come on guys, you can do it. One more steady CM! I like!
Bro T2, what you propose is already in place for 2nd property loans for some time now.
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http://www.mas.gov.s...13/Annex II.pdf
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For upgraders, many actually also meet the 50% downpayment when they sold the first property.
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Only first time buyers are allowed a higher LTV. Overly stringent LTVs will affect them most badly. Even getting the HDB they aim for might be a huge stretch.�
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They can remove absd or whatever stamp for all i care, thats never my debate anyway.
Just put in at least minimum 50% down in cash otherwise tiam tiam lah.
Knn, cant even down $1m - $2m cash, invest simi lan property. Pwui!
Yes that would be an effective one to add. 50% down or forget it.
Come on guys, you can do it. One more steady CM! I like!
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Bro T2, what you propose is already in place for 2nd property loans for some time now.
http://www.mas.gov.s...13/Annex II.pdf
For upgraders, many actually also meet the 50% downpayment when they sold the first property.
Only first time buyers are allowed a higher LTV. Overly stringent LTVs will affect them most badly. Even getting the HDB they aim for might be a huge stretch.
Not only second property.
Any property except HDB 3 room and below.
Moreover CPF not to be used for property except for amounts over and above minimum sum at point of purchase.
Not only second property.
Any property except HDB 3 room and below.
Moreover CPF not to be used for property except for amounts over and above minimum sum at point of purchase.
Peasants' lives are already very cham
You still want to deny us 4 and 5 room flats
not entirely true ... why people feel T2 logic will deprive a lot of people to buy home including hdb 4-5 room flats
because hdb is fking expensive ... the affordability is stretched until a person need to work drop dead with 25-35 years loan with little sum in cpf at old age
if T2 logic kicks in ... it means a lot of people cannot afford home even for big hdb flat
this will make govt to relook into their pricing and making affordable hdb
once hdb is affordable ... peasants will have more $$ in the cpf
what's the point of buying 4-5 hdb flat when one has to exhaust all his including spouse cpf
$1M hdb flat is also cheap if one is allowed to take 100 years loan and pay 10% downpayment
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$250K flat pay 50% downpayment ($125k)
$500K flat pay 20% downpayment ($100k)
which is more jialat for buyer in terms of downpayment and pay for the house from a long term view perpective
and what the hell is govt making $500k hdb public housing
is there any country in the world has public housing cost 1/2 a million?
if private property ... i couldn't care less if it cost $5M a pop
just like i'm happy for PRC to buy sentosa cove for $28M as long as taxes are paid
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and the current generation feels $500k hdb is "cheap" ... somemore what you want
for the same size unit ... private costs > $1M leh ... so it's 50% cheaper liao (and that's govt telling us using market pricing comparison) ... buy lor ... what to do
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and why a mickey mouse condo cost > $1M? because hdb is $500k ... that's the base line already
spore being the most expensive city in the world is for a valid reason
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Peasants' lives are already very cham
You still want to deny us 4 and 5 room flats
1. You will never lose as long as you continue to hv lots of cash
2. You may still lose if you own a lot of properties and nobody rents and you hv no or low cash
3. Luck matters
4. You have a better chance of winning when you buy good properties
5. You hv a lower chance of winning when you buy lousy propertiesAttached Thumbnails
Just like real life , in Monopoly
1. You will never lose as long as you continue to hv lots of cash
2. You may still lose if you own a lot of properties and nobody rents and you hv no or low cash
3. Luck matters
4. You have a better chance of winning when you buy good properties
5. You hv a lower chance of winning when you buy lousy properties
Could only afford ???? cheap China copy
And btw, if you are the banker it is sure win. No luck needed.
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30% ??? .... where? where? where? i go Q at midnight ...
30% ??? .... where? where? where? i go Q at midnight ...
Slowly lah.....muayhahahahahahahahahah
Talk about catching a falling knife.
This one is stabbing oneself in the leg with a knife
Heeeheeeee.
Lai spread fear lai spread fear
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come one, fund trying to scare the market?
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wanna get firesale deals ah? oldest trick in the book�
lai lai lai ... ABSD these greedy developers and contribute to govt coffer for budget 2016 ... huat ah!
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haha love these marketing articles
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the examples quoted have a 10% and 5% discount from the peak in 2013? Really "SLASHED"
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anyone have a list of projects with more than 15% discount from 2013?�
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Since this topic started in Aug 2013, there is no sight of a property bubble yet in Singapore, and we are now in 2016.
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But judging from the past bidding of land sales by developers in 2015, prices are still holding up well for good sites.�
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Example 1:
Alexandra View (Parcel A) - Tender closed 12 Nov 2015.� $851 psf ppr.
Example 2:
Siglap Road - Tender closed 14 Jan 2016.� $858 psf ppr.��
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Assuming a breakeven price of $1,300, the units' launch price could be set at $1,480 psf or above.�
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In short, developers have full confidence in our local property market, and believe that they can make a decent profit, even after putting high bids for land sales.
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Since this topic started in Aug 2013, there is no sight of a property bubble yet in Singapore, and we are now in 2016.
But judging from the past bidding of land sales by developers in 2015, prices are still holding up well for good sites.
Example 1:
Alexandra View (Parcel A) - Tender closed 12 Nov 2015. $851 psf ppr.
Example 2:
Siglap Road - Tender closed 14 Jan 2016. $858 psf ppr.
Assuming a breakeven price of $1,300, the units' launch price could be set at $1,480 psf or above.
In short, developers have full confidence in our local property market, and believe that they can make a decent profit, even after putting high bids for land sales.
Thanks to strong CM, no bubble.
Well done sg govt!
Thanks to strong CM, no bubble.
Well done sg govt!�
Not only did the government used cooling measures, they also control the release of land sales.�In 2012, 19 residential land sales were released.
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But�from 2013 to 2015, the numbers were 9, 9 and 7 residential land sales respectively.� This is to prevent a potential�oversupply situation from 2018 to 2020, as they foresee a slowdown in take-up rate.�
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I will say that their timing is just right, since there is currently an unsold inventory of 23,271 units.� This will probably take 3 years or more to clear, and the completion of the units arising from land sales in 2013 to 2015 complement this.�
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Those people in URA are looking carefully at the property market all the time�and ensuring that private residential supply does not spike up too abruptly to cause a collapse of the property market i.e. property bubble.
Many D9 properties are at 2010 prices with no buyers.
Some examples
Inspira going at $1600psf was $1850psf++
Watermark going at $1700psf was $2000psf++
Rivergate going at $1800psf was $2000psf++
Langstonville going at $1250psf was $1500psf++
Waterscape going at $1750psf was $2000psf++
Plus many many more.......
Many older ones are going below $1500psf when they used to be $1800psf at peak
Some are a bit more resilient but still easily 10 to 15% off.
Note that prices are not even negotiated yet which mean you can easily take another 5% off.
Note also that these are either freehold or 999yrs.
First timers who can afford, lucky you!
A bona fide 3 bdrm 1250sft condo for about $2mil in D9 is not bad.
For investments, its a different story altogether becos rental still sucks.
And selling within first few years is a confirm loss with sellers stamp......
Wooohooo...
Just in case, you fellas still living in cuckooland.
Many D9 properties are at 2010 prices with no buyers.
Some examples
Inspira going at $1600psf was $1850psf++
Watermark going at $1700psf was $2000psf++
Rivergate going at $1800psf was $2000psf++
Langstonville going at $1250psf was $1500psf++
Waterscape going at $1750psf was $2000psf++
Plus many many more.......
Many older ones are going below $1500psf when they used to be $1800psf at peak
Some are a bit more resilient but still easily 10 to 15% off.
Note that prices are not even negotiated yet which mean you can easily take another 5% off.
Note also that these are either freehold or 999yrs.
First timers who can afford, lucky you!
A bona fide 3 bdrm 1250sft condo for about $2mil in D9 is not bad.
For investments, its a different story altogether becos rental still sucks.
And selling within first few years is a confirm loss with sellers stamp......
Wooohooo...�
Let me add a little bit more on the rental market to augment your post.
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The high end rental market (read Financial Centre district and the likes) has seen an exodus of expats to the more traditional expat condos (read: Bayshore, River Valley type condos) outside the city. Rent for units in The Sail (for example) has dropped at least 10% over the last year and is continuing to drop. I overheard certain high floor bay view units going below $4,000 a month which is an extremely tasty price.
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And of course the downward trend can be felt in the suburban condos especially the new ones. Prices are slowly but surely dropping. Landlords who ask exorbitant rental or selling price can go f*ck themselves. Really! Please wake up your idea and start dropping unless of course you can afford to hold and Muayhahaha at those bargain hunters because you full cash like our brudder Throttle here.�
Newly built units got discount bo after 7% tax by Govt? That is the question nowadays. The young people nowadays don't quite care about Freehold or 999 especially for rentals to be honest.
Old units sure got discount. Already huge maintenance costs going higher and higher.
Newly built units got discount bo after 7% tax by Govt? That is the question nowadays. The young people nowadays don't quite care about Freehold or 999 especially for rentals to be honest.
Thanks, not interested
Thanks, not interested
Why buy a property to sit when you can buy one to actually enjoy?
But actually I run through the actual lodged caveats in URA. The numbers differ hugely from those claimed. Actual caveats lodged do not show a difference in prices from 2013.
Edited by Showster, 01 April 2016 - 01:15 PM.
Most likely you have fallen for the oldest trick in the book in property portals. Units with incredibly low price to entice and get your contacts. Why don't you give some of the numbers a call?
Are you also an agent????
Edited by Throttle2, 01 April 2016 - 07:51 PM.
I already said thank you not interested , you still come?
Are you also an agent????
You and I not interested nevermind. But you write like really have such good deals I am scared others unwittingly interested when such deals are largely imaginary.
I already said before I am not agent.
You and I not interested nevermind. But you write like really have such good deals I am scared others unwittingly interested when such deals are largely imaginary.
If they are imaginery then blame it on those bloody agents who advertised as such.
Just in case, you fellas still living in cuckooland.
Many D9 properties are at 2010 prices with no buyers.
Some examples
Inspira going at $1600psf was $1850psf++
Watermark going at $1700psf was $2000psf++
Rivergate going at $1800psf was $2000psf++
Langstonville going at $1250psf was $1500psf++
Waterscape going at $1750psf was $2000psf++
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I need to correct a misconception.� Marketing gimmicks.�
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Today's Straits Times advertisement.� Waterscape,�selling from $1,750psf.��This means the price is for the�cheapest unit, not the average.� The psf spread could be from $1,750 psf to >$2,100 psf.�
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Actual recent transactions (source: URA website) done�in Mar 2016�for Waterscape:�
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1,561 sq ft unit at $2,018 psf.
1,216 sq ft unit at $1,882 psf
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Actually, there are still buyers.�
There will always be sellers
In 2013, waterscape asking $2200psf++
Now if $1800psf before nego is about right.
Straits time price is list price.
Nobody pays list price
see who blinks first.
I am not.
All the best to buyers.
Sellers good luck
Wooohooo so happy, today get my new bike!
Zooooooom zoooom
I will retire from this thread until i have spotted evidence to which my views can be changed
Edited by Throttle2, 02 April 2016 - 08:09 PM.
This thread has no updates for so many months.......
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