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
Table wiper earns 100k in day.
Save 100k a year is beh kan
Don't buy properties lah
wah ... every year save $100k cash also cannot afford to buy property in spore ... sibei jialat ar!
need to sign up table wiping partime job liao ... when is lau pa sat re-open?
�
Table wiper earns 100k in day.
Save 100k a year is beh kan
Don't buy properties lah
�
Edited by Wt_know, 15 January 2014 - 08:35 AM.
Paya Lebar is the Next Big Thing?
�
Upper Paya Lebar Road condo site draws top bid of $392.3 million from UOL
�
$648psf for land alone ... selling price could be > $1200psf?
�
A 99-year leasehold site in Upper Paya Lebar Road drew seven bids in a closely-fought tender that closed on Tuesday.The top bid from UOL Overseas Investments - a unit of the UOL Group - came in at $392.3 million, or $648.30 per square foot (psf) per plot ratio (ppr).
�
This was just 3.2 per cent higher than the next highest bid of $378.3 million, or $625.20 psf ppr, by EL Development.
Consultants expected the site to garner a winning bid of $470 to $750 psf ppr, with five to 10 bids lodged, when it was put on the market on Nov 18.
Edited by Wt_know, 15 January 2014 - 11:53 AM.
Time to move to Japan
yes
�
Time to move to Japan
�
many many many many years ago when i was a student and i told my frens how much i'd wanted to move to japan to retire.. they all luff at me say Jippun sibeh alot more expensive den sg you know.... now no more luffing liao
Wooohoo
Attached Thumbnails
Key words are MOST UNOCCUPIED.
Wooohoo
�
marina bay suites bought by many rich foreign investors.
�
i wouldnt be surprised that they use it as holiday homes or just keep it as part of their waterfront portfolio without any need to rent it out for cash
�
more interesting would be suburban shoebox units mostly unoccupied!
Paya Lebar is the Next Big Thing?
�
Upper Paya Lebar Road condo site draws top bid of $392.3 million from UOL
�
$648psf for land alone ... selling price could be > $1200psf?
�
�
Truth is that 1,300 psf is the price for almost all new projects
�
An agent friend told me the cheapest new condo in SG that is near MRT and shopping mall is at 1200 psf. He challenged me to go and find any project that is selling lower
Key words are MOST UNOCCUPIED.
Wooohoo
�
Dunno about the unoccupied in the mass market.
�
Those Grange Rd, Paterson Rd, Cairnhill, Scotts, Ardmore, etc, those are unoccupied because the owners use them as holiday homes or just a place for their children and wives to stay in when they drop by Singapore for shopping trip.� Or just simply a brick and mortar where they dump their spare cash because they don't trust paper currency or paper titles.� These people have no need to rent out their units as rental income, actually it is more like they would prefer nobody else touches their apartment when they are not in town.� It is also highly possible that the units do not have bank loan on it.� I think your wealth management guys can tell you more about it.
Edited by Viceroymenthol, 15 January 2014 - 04:30 PM.
Thought just top?Key words are MOST UNOCCUPIED.
Wooohoo
Maybe havent find the tenant?
Moreover many are indo chinese bought there so i guess it will be their hotel
Edited by Thaiyotakamli, 15 January 2014 - 04:30 PM.
Time to move to Japan
�
my ex-boss just did.
�
Sold his hudc in sg. Profits alone enough to fully pay for a bungalow and a sports car. Happy retirement for him.
Thought just top?
Maybe havent find the tenant?
Moreover many are indo chinese bought there so i guess it will be their hotel
�
Yeah that's exactly what they are.... private hotel rooms for rich indonesians!� Plus can wash money there some more.
Edited by Viceroymenthol, 15 January 2014 - 04:33 PM.
�
my ex-boss just did.
�
Sold his hudc in sg. Profits alone enough to fully pay for a bungalow and a sports car. Happy retirement for him.
�
+ all the JAV he can handle
I've always thought the "market subsidy" idea is stupid.�
�
To my mind HDB should always have been a "cost plus" policy, with the cost being construction cost (not land) and the "plus" being somewhat dependent on a combination of family size and income.�
�
With the market subsidy policy it was just a spiral with increases in one side, justifying increases in the other.�
�
I think there should also be even tighter controls on the sale / purchase of truely subsidised housing, coupled with more freedom for less subsidised housing.�
�
�
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.
haha
�
bishan can still command the crazy price now because of its location and relatively little flats for sale there.
�
wealthy indonesian, indian and prc buy with cash la
buy and let it empty ... no care of rental ... loose change nia
�
buy and keep an empty unit in spore is better than keeping $cash in home country
if these projects were TOP recently means bought several years ago without heavy stamp duty, right
�
usa subprime ... build many many units ... many unsold and unoccupied
singapore property ... build many many units ... all sold and unoccupied
the major difference is sold and unsold ... unoccupied is no issue if "majority" buyers or owners have holding power
�
even the project is 20% unsold, the singapore property developer also can tahan right with their super-duper-awesome balance sheet
unlike the developers in usa subprime ...
�
Edited by Wt_know, 15 January 2014 - 05:03 PM.
�
Dunno about the unoccupied in the mass market.
�
Those Grange Rd, Paterson Rd, Cairnhill, Scotts, Ardmore, etc, those are unoccupied because the owners use them as holiday homes or just a place for their children and wives to stay in when they drop by Singapore for shopping trip.� Or just simply a brick and mortar where they dump their spare cash because they don't trust paper currency or paper titles.� These people have no need to rent out their units as rental income, actually it is more like they would prefer nobody else touches their apartment when they are not in town.� It is also highly possible that the units do not have bank loan on it.� I think your wealth management guys can tell you more about it.
Never dispute that fact, but no one wants to be the last man standing and a property somehow physically deteriorates when left empty. There will be those who , as you have highlighted prefers it untouched, but there will also be those who are looking to rent. Lots of empty well located units in the market will inevitably impact the rental of units in lesser places.
As i said, there should be no debate on the direction of the market.
Only the magnitude and the velocity.
agreed that there is no debate on the direction of the market (currently)
�
i'm skeptical what would be the "catalyst" for "change direction" ... hehe
�
As i said, there should be no debate on the direction of the market.
Only the magnitude and the velocity.
�
I've always thought the "market subsidy" idea is stupid.�
�
To my mind HDB should always have been a "cost plus" policy, with the cost being construction cost (not land) and the "plus" being somewhat dependent on a combination of family size and income.�
�
With the market subsidy policy it was just a spiral with increases in one side, justifying increases in the other.�
�
I think there should also be even tighter controls on the sale / purchase of truely subsidised housing, coupled with more freedom for less subsidised housing.�
�
�
�
it is too unbearable for HDB to see new flat owners creaming off so much profits... their tolerance level is for new owners to "gain" $50K in paper. The rest have to go to the reserves to shore up investments abroad
�
that is why cost plus is not viable for now.. maybe when the market crashes..
�
Yeah that's exactly what they are.... private hotel rooms for rich indonesians!� Plus can wash money there some more.
Yes they are cash rich and those property bubble wont affect them as they paid in cash and property wont go expire, u keep for 5 years and if situation remain the same keep another years until the cycle come back again
I've always thought the "market subsidy" idea is stupid.�
�
To my mind HDB should always have been a "cost plus" policy, with the cost being construction cost (not land) and the "plus" being somewhat dependent on a combination of family size and income.�
�
With the market subsidy policy it was just a spiral with increases in one side, justifying increases in the other.�
�
I think there should also be even tighter controls on the sale / purchase of truely subsidised housing, coupled with more freedom for less subsidised housing.�
�
�
�
Market subsidy then can inflate HDB mah. So old folks have a nest egg and retire lor. Otw, become govt problem leh...
�
New comers to the panties scheme suck thumb and pony up the new normal pricing and keep the circle of life going.
�
it is too unbearable for HDB to see new flat owners creaming off so much profits... their tolerance level is for new owners to "gain" $50K in paper. The rest have to go to the reserves to shore up investments abroad
�
that is why cost plus is not viable for now.. maybe when the market crashes..
�
That's exactly why I would like to see more differentiation between the truely needy, and the not so poor...with those that really getting a genuine subsidy in every meaning of the word facing tighter control, but those that don't receive a subsidy having more freedom...
*clap clap *�
That's exactly why I would like to see more differentiation between the truely needy, and the not so poor...with those that really getting a genuine subsidy in every meaning of the word facing tighter control, but those that don't receive a subsidy having more freedom...
Agree
Edited by Throttle2, 15 January 2014 - 05:23 PM.
�
That's exactly why I would like to see more differentiation between the truely needy, and the not so poor...with those that really getting a genuine subsidy in every meaning of the word facing tighter control, but those that don't receive a subsidy having more freedom...
�
then first the govt has to even recognize or understand who are poor, not so poor etc
�
That's exactly why I would like to see more differentiation between the truely needy, and the not so poor...with those that really getting a genuine subsidy in every meaning of the word facing tighter control, but those that don't receive a subsidy having more freedom...
�
I am surprised that even after living here for so long, you do not truly understand Singaporeans.
�
If you draw lines there to differentiate segments for the purpose of giving financial aid and providing free stuff, there will always be people who are going to game the system in order to qualify for that aid.� Through spreading of the word and tactics used, you will soon find entire groups of people gaming the system.
muz be no new condo launch la.
no $1M no talk ... bishan hdb $250k cov sup sup water
there are plenty of cash rich buyers in the market
plenty of rich parents waiting to pour money to buy property for their kids
Edited by Wt_know, 15 January 2014 - 07:44 PM.
�
I am surprised that even after living here for so long, you do not truly understand Singaporeans.
�
If you draw lines there to differentiate segments for the purpose of giving financial aid and providing free stuff, there will always be people who are going to game the system in order to qualify for that aid.� Through spreading of the word and tactics used, you will soon find entire groups of people gaming the system.
I dont think its a question of his understanding.
But its something he hopes.
Differentiation is not too difficult if we dare to put in place a clawback and big consequence if case is found to be gamed.
Eg. Home address is hdb but actually owns private properties and assets should not receive any aid.
And if people try to game it by using wife, relative etc names, then get ready to be penalised heavy heavy if discovered.
�
I am surprised that even after living here for so long, you do not truly understand Singaporeans.
�
If you draw lines there to differentiate segments for the purpose of giving financial aid and providing free stuff, there will always be people who are going to game the system in order to qualify for that aid.� Through spreading of the word and tactics used, you will soon find entire groups of people gaming the system.
Agree some riches remain to stay in hdb though they got lots of cash
How to check whether they are poor anot? cannot one but they can claim they are poor and seek govt assistance.
Agree some riches remain to stay in hdb though they got lots of cash
How to check whether they are poor anot? cannot one but they can claim they are poor and seek govt assistance.
Its ok if they choose to stay in HDB as long as they are not subsidised simply base on their address.
Like you right?
For example , if singapore tax payers (like us) subsidise you and your rich family to buy hdb to stay while you buy a Lexus460, how can!?!? Right?
Heh heh he
govt handouts is deeply rooted
�
Its ok if they choose to stay in HDB as long as they are not subsidised simply base on their address.
Like you right?
For example , if singapore tax payers (like us) subsidise you and your rich family to buy hdb to stay while you buy a Lexus460, how can!?!? Right?
Heh heh he
�
Edited by Wt_know, 15 January 2014 - 11:25 PM.
Its ok if they choose to stay in HDB as long as they are not subsidised simply base on their address.
Like you right?
For example , if singapore tax payers (like us) subsidise you and your rich family to buy hdb to stay while you buy a Lexus460, how can!?!? Right?
Heh heh he
Eh cannot say liddat le i stay hdb, not rich, just able to afford a used E class, so i still deserve some subsidy like electricity bill
Btw i pay sg tax probably more than my neighbours
![[laugh]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sKIqevJa8S8grEdiliUXWgS-_HJYK__93CS7Fz-XXiMBvC2BwBFJ1X5uF-XSYERPdZQ081FuFS7r3MkxlfXzPSOqGVYmCam8M2GLKv4ZfQLD-Lmr2dVgzC4OQ-czDCyAvldLV0pQ=s0-d)
key point ... developers take a break from new launch ... no new launch = sales drop la
today that watch fella will have a field day posting his newspaper reports.
�
this news in ST, BT, Today, Wanbao, chinese paper, Berita harian,�
reported in so many news ... this means the cooling measures are sibei sibei effective la?
time to relax some CMs liao
![[sly]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sjxmL5BOcC8vw4SpYhtW_5o1N4tOWxqpxpGadggkwu0wEpMbmsRedx88u4_epf37dYKqQbF_05eJYefCQx-mpOypC1xPUvK5q1lOp61erP-lPd0Kfaz8e9RTWVMs-aeJ0A_Dw=s0-d)
�
today that watch fella will have a field day posting his newspaper reports.
�
this news in ST, BT, Today, Wanbao, chinese paper, Berita harian,�
�
Edited by Wt_know, 16 January 2014 - 08:35 AM.
I dont think its a question of his understanding.
But its something he hopes.
Differentiation is not too difficult if we dare to put in place a clawback and big consequence if case is found to be gamed.
Eg. Home address is hdb but actually owns private properties and assets should not receive any aid.
And if people try to game it by using wife, relative etc names, then get ready to be penalised heavy heavy if discovered.
�
Thanks - and yes you are correct ....
�
there is always a gap between�
�
"what I hope / wish would happen"�
and
"what can be implemented and enforced"�
�
and you will ALWAYS have people gaming the system - its just a matter of how many and by how much
govt handouts is deeply rooted
�
�
�
they are indeed -�
�
got the PUB bill today...
�
Nice big rebate for GST offset or some such ![[lipsrsealed]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_uq5Ek5pp4m_bFt8tb29KjtJmkTmyj5xt53jitcWMOxlMM_HgbTZn80m0YseCwrBXiO39wMUJOrEGvW48oZaSz0kUN3RcmnIDcpKwbKOkUFxVXUZ7aCHBdVmSmJ59aeL7HYOqmTGdCkeHVV5w=s0-d)
![[nod]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_s3oKD-luuwuLxWzoB1httLPhzG7RNdfRI9hs2ViUpI-17hEQ1aWm2iteGbCmFSJx4o9_N-hHZl1DI1R77n0vciYHefGJ3Sx-fNsrMP4XjRqXXIzCsT0MdlaPWcUY-Qe_YkOA=s0-d)
today that watch fella will have a field day posting his newspaper reports.
�
this news in ST, BT, Today, Wanbao, chinese paper, Berita harian,�
�
�
tks for warning us. time to put on my sunglassess - too much gold bling-bling watch gonna appear. sibei painful to see sia.....
allow me to get the ball rolling with my cheapo diving watch
gold rolie will come in later, get ready your sunglasses�
�
read between the lines - Developers released fewer units
�
Edited by Wt_know, 16 January 2014 - 09:53 AM.
today that watch fella will have a field day posting his newspaper reports.
�
this news in ST, BT, Today, Wanbao, chinese paper, Berita harian,�
�
can see many different type of watches mah
Sekali next month got a lot of new launches, then NEW HOME SALES HIT RECORD HIGH!
�
lanjiao news. So far I see only BT's headlines indicating that it's due to lack of launches
Washington post anyhow say things
�
potential and possible housing bubbles ...
NNB ... anything is potential and possible la ...
being an analyst sibei jin ho jiak
talk like no talk
�
a little red dot indeed in comparison
�
�
the whole of msia has no potential or possible of housing bubbles? choon bo??
Edited by Wt_know, 16 January 2014 - 10:54 AM.
potential and possible housing bubbles ...
NNB ... anything is potential and possible la ...
being an analyst sibei jin ho jiak
talk like no talk
�
seems like the whole of south africa continents no housing bubbles leh ... this analyst must be damn tok kong to predict this
�
How come gov dont come out with cooling measure to curb the Population Bubbles ?�
Property �where got bubbles ? Bishan COV 250K is sup sup water , got those old 30 - 40yrs HDB shop in Joo Long selling with COV 1M leh , balance lease 60 plus years , neber come out newspaper ?
today that watch fella will have a field day posting his newspaper reports.
�
this news in ST, BT, Today, Wanbao, chinese paper, Berita harian,�
No time lah.
potential and possible housing bubbles ...
NNB ... anything is potential and possible la ...
being an analyst sibei jin ho jiak
talk like no talk
�
a little red dot indeed in comparison
�
�
the whole of msia has no potential or possible of housing bubbles? choon bo??
�
Of course no bubble in malaysia lah
�
Jus the COV alone in Singapore public housing already enough to buy a landed in malaysia. Cheap Cheap in boleh land!
allow me to get the ball rolling with my cheapo diving watch
gold rolie will come in later, get ready your sunglasses�
�
read between the lines - Developers released fewer units
�
�
Yes, you are right.�
�
mainly due to developers releasing fewer units.
�
The number of units sold has been so high that developers can tahan a 80% drop in sales for more than 6 months without breaking any sweat. Can buyers hold out that long? I dont think so.
�
Look at the paya lebar sale site - forward indicator that future launches will still hoover at $1,300 psf
�
Only thing the govt can do to really cool the market is to impose more buyer stamp duty plus reducing gearing , even for first timers
�
Or wait for financial Armageddon sometime after 2017 �
Edited by Wyfitms, 16 January 2014 - 11:41 AM.
you are RIGHT !
�
if land alone cost $600-$700psf ... how much do you think developer must sell
it's a zero sum game ... land + development + profit = selling price
�
Look at the paya lebar sale site - forward indicator that future launches will still hoover at $1,300 psf
Edited by Wt_know, 16 January 2014 - 11:58 AM.
�
Only thing the govt can do to really cool the market is to impose more buyer stamp duty plus reducing gearing , even for first timers
�
Wah lau, if really want to cool market?
Try moving rates by just 0.25% tomorrow see how the market start to scramble.
Impose stamp duty and etc etc etc, so knn time wasting
Wah lau, if really want to cool market?
Try moving rates by just 0.25% tomorrow see how the market start to scramble.
Impose stamp duty and etc etc etc, so knn time wasting
�
with hardly any major retrenchments, 0.25% will not do much. All can still afford the extra hundreds or a thousand. Just have to squeeze on luxury spending,
�
Have to push it to at least 3% to 3.5% then will maybe showhand
�
ABSD will work better in this current economic condition, IMO. if they impose another 5% more - especially for first timers, plus restrict loan to less than 40% LTV, i don't think there will be many who can buy a suburban $1.2m condo and fork out close to a million in cash & CPF.
�
Then that will truly chill the market for good!
�
with hardly any major retrenchments, 0.25% will not do much. All can still afford the extra hundreds or a thousand. Just have to squeeze on luxury spending,
�
Have to push it to at least 3% to 3.5% then will maybe showhand
�
ABSD will work better in this current economic condition, IMO. if they impose another 5% more - especially for first timers, plus restrict loan to less than 40% LTV, i don't think there will be many who can buy a suburban $1.2m condo and fork out close to a million in cash & CPF.
�
Then that will truly chill the market for good!
�
�
i also say.,.....i waiting for the crash to buy sth...hand itchy like hell
bishan still got penthouse ... buy for your kid ... lol
�
i also say.,.....i waiting for the crash to buy sth...hand itchy like hell
�
�
with hardly any major retrenchments, 0.25% will not do much. All can still afford the extra hundreds or a thousand. Just have to squeeze on luxury spending,
�
Have to push it to at least 3% to 3.5% then will maybe showhand
�
ABSD will work better in this current economic condition, IMO. if they impose another 5% more - especially for first timers, plus restrict loan to less than 40% LTV, i don't think there will be many who can buy a suburban $1.2m condo and fork out close to a million in cash & CPF.
�
Then that will truly chill the market for good!
Its not what the rate will be. But knowing that the govt is willing to raise it continuously .
Thats the law of expectancy, the market doesnt wait for things to happen before it reacts.
So start with raising 0.25% without much warning first, see the market freeze.
This i guarantee you.
Take note raising rates dont just impact properties hor.
So 0.25 creates a rippling effect.
�
with hardly any major retrenchments, 0.25% will not do much. All can still afford the extra hundreds or a thousand. Just have to squeeze on luxury spending,
�
Have to push it to at least 3% to 3.5% then will maybe showhand
�
ABSD will work better in this current economic condition, IMO. if they impose another 5% more - especially for first timers, plus restrict loan to less than 40% LTV, i don't think there will be many who can buy a suburban $1.2m condo and fork out close to a million in cash & CPF.
�
Then that will truly chill the market for good!
Its not what the rate will be. But knowing that the govt is willing to raise it continuously .
Thats the law of expectancy, the market doesnt wait for things to happen before it reacts.
So start with raising 0.25% without much warning first, see the market freeze.
This i guarantee you.
Take note raising rates dont just impact properties hor.
So 0.25 creates a rippling effect.
Its not what the rate will be. But knowing that the govt is willing to raise it continuously .
Thats the law of expectancy, the market doesnt wait for things to happen before it reacts.
So start with raising 0.25% without much warning first, see the market freeze.
This i guarantee you.
Take note raising rates dont just impact properties hor.
So 0.25 creates a rippling effect.
�
if i have very little debt and a lot of cash waiting to deploy into investments
�
i would very much�wish that i/r rises
�
�
�
i also say.,.....i waiting for the crash to buy sth...hand itchy like hell
�
meanwhile play monopoly singapore first
Its not what the rate will be. But knowing that the govt is willing to raise it continuously .
Thats the law of expectancy, the market doesnt wait for things to happen before it reacts.
So start with raising 0.25% without much warning first, see the market freeze.
This i guarantee you.
Take note raising rates dont just impact properties hor.
So 0.25 creates a rippling effect.
�
My friend said that with our small economy if we adopt a monetary policy that mainly depends on interest rates, there would need to be capital flow restrictions. I'm not an economics student, any thoughts about this?
TDSR framework is indeed a very good property cooling measures
sporeans are extremely cash rich ![[thumbsup]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_tEW0VKkO7aqyn9JnwK-D-yXWfI8QGfRPfIhrj3Yc85u9N3umK6ApBIdlEamkpzXipdIHIO9ec5IWVsOsjUCwPtuffbV9Aq6CxKxB4RMJW_6l_T81ZHjxk1MjtTK2ApZXvydHuDZ7PT=s0-d)
�
those who bought property after TDSR in effect already based on 3.5%-4.5% interest rate calculation to determine their ability
if they still can pass TDSR means they are in very good shape!
�
3.5%-4.5% interest rate is peanut to them especially for property between $1-$1.5M which property analyst said these are the "affordable" mass market units
�
There are four major �killers� in the TDSR framework:1) 60% threshold
Total debt obligations cannot exceed 60% of total income.
�
2) 30% haircut
There is an arbitrary 30% cut of all variable and rental income, and 30% to 70% cut for the value of eligible financial assets.
�
3) 3.5% or 4.5% interest rate
Calculate new loan repayments based on medium-term interest rate of 3.5% for residential properties and 4.5% for non-residential properties, or prevailing interest rate, whichever is higher.
�
4) Income-weighted average age
If a borrower can�t meet the TSDR threshold, the guarantor will be the co-borrower.
Use income-weighted average age of borrowers rather than younger borrower�s age to determine loan tenure.
Edited by Wt_know, 16 January 2014 - 03:00 PM.
the TDSR framework is indeed a very good cooling measures
just that sporeans are too cash rich + foreign buyers love to buy spore property = property cannot cool ...
bo bian, just sit and watch la
�
those who bought after the TDSR in effect already based on 3.5%-4.5% interest rate la
if they still can pass TDSR means they are in very good shape!
�
�
even if clients can pass TDSR, banks are taking an awfully long time to do their due diligence
�
no more in-principle loan approval in 10 mins
�
sales how not to slow down?
TDSR framework is indeed a very good property cooling measures
sporeans are extremely cash rich
�
those who bought property after TDSR in effect already based on 3.5%-4.5% interest rate calculation to determine their ability
if they still can pass TDSR means they are in very good shape!
�
3.5%-4.5% interest rate is peanut to them especially for property between $1-$1.5M which property analyst said these are the "affordable" mass market units
�
As long as they make sure no loop Holes in TDSR.
Just look at car loans, still so many doing 80% lending.
�
My friend said that with our small economy if we adopt a monetary policy that mainly depends on interest rates, there would need to be capital flow restrictions. I'm not an economics student, any thoughts about this?
�
During times of relatively higher interest rates when compared to other countries, you might attract more hot money than you want (and vice versa: lower rates lead to hot money leaving) and to reduce hot money inflow is to lower rates but there may be a need to adopt a high interest rate regime to ward off inflation and this leads to complications.
Edited by Sabian, 16 January 2014 - 03:24 PM.
yeah ... interest rates is very very complicated as you pointed out and also ripple effect as throttle pointed out
higher interest rate = higher business cost = people not buying property also suffer
�
property stamp duty and debt-servicing-ratio still the best way to mitigate over-leveraging ... no icelandic burst
need to plug the loopholes !!!
�
During times of relatively higher interest rates when compared to other countries, you might attract more hot money than you want (and vice versa: lower rates lead to hot money leaving) and to reduce hot money inflow is to lower rates but there may be a need to adopt a high interest rate regime to ward off inflation and this leads to complications.
�
Edited by Wt_know, 16 January 2014 - 03:47 PM.
�
My friend said that with our small economy if we adopt a monetary policy that mainly depends on interest rates, there would need to be capital flow restrictions. I'm not an economics student, any thoughts about this?
Raising rates does not constitute the adoptiion of a monetary policy that mainly depends on rates.
We dont mainly depend on interest rates, we just need to use it a bit more.
i'm no economist ... i don't know who is more right and wrong
nonetheless, it is still a good read especially the fundamentals in the point-by-point rebutting
�
i'm more interested to find out will there be more CMs coming?
�
It's Not A Bubble Until It's Officially Denied, Singapore Edition
Edited by Wt_know, 16 January 2014 - 05:16 PM.
i'm no economist ... i don't know who is more right and wrong
nonetheless, it is still a good read especially the fundamentals in the point-by-point rebutting
�
i'm more interested to find out will there be more CMs coming?
�
It's Not A Bubble Until It's Officially Denied, Singapore Edition
�
i think from now until 2017, there will be another 7 more CMs�
i'm no economist ... i don't know who is more right and wrong
nonetheless, it is still a good read especially the fundamentals in the point-by-point rebutting
�
i'm more interested to find out will there be more CMs coming?
�
It's Not A Bubble Until It's Officially Denied, Singapore Edition
Like before, any A grade econs student in JC will be able to put up a better rejoinder.�
�
Forbes really suck if their writers are of this caliber.
Not more than 8% can be rented out to foreigners
http://www.straitsti...1-blocks-201401
What does this mean? Pte properties rental will increase
i'm no economist ... i don't know who is more right and wrong
nonetheless, it is still a good read especially the fundamentals in the point-by-point rebutting
�
i'm more interested to find out will there be more CMs coming?
�
It's Not A Bubble Until It's Officially Denied, Singapore Edition
You dont need to be an ecomonist to realise who's more right or wrong when you know that every singaporean teenager yearns to retire at 30 by owning several condos - rented out
You dont need to be an economist to realise who's right or wrong when a B&B car costing a mere fraction anywhere else in this world is sold here for the price of a house in a neighboring country.
You dont need to be an economist to realise who's right or wrong when people buy luxury watches by taking "luxury" loans to look luxuriously luxurious to the neighbors cat/dog. Noting that these same people cry father or mother when transport fares go up by an insignificant amount.
You dont need to be an economist to realise who's right or wrong when Throttle2 tells you that you dont need to be an economist to realise who's right or wrong
Hhhheeeeeehheeeeehheeeee......
NEW HDB RULES
Not more than 8% can be rented out to foreigners
http://www.straitsti...1-blocks-201401
What does this mean? Pte properties rental will increase
�
HDB rental won't increase meh?
Hmm I wonder how many FTs will need to move out from my block....should drive up rental prices.
�
HDB rental won't increase meh?
Hdb rental increase, demand for pte properties increase also so at least people will continue hold their pte properties
NEW HDB RULES
Not more than 8% can be rented out to foreigners
http://www.straitsti...1-blocks-201401
What does this mean? Pte properties rental will increase
In a case of too many applicants, how to decide who can get to rent out their ? Base on who apply first or who is more senior or who is more needy.
In a case of too many applicants, how to decide who can get to rent out their ? Base on who apply first or who is more senior or who is more needy.
Just lock one room i think can already, 4 room still one house
�
My friend said that with our small economy if we adopt a monetary policy that mainly depends on interest rates, there would need to be capital flow restrictions. I'm not an economics student, any thoughts about this?
�
your friend is right. It is called impossible trinity in economy. Singapore has chosen a fixed exchange rate and free capital flow, therefore has no control on the interest rate.�
�
http://en.wikipedia....ossible_trinity
Edited by Somewhat1975, 16 January 2014 - 08:10 PM.
�
�
i also say.,.....i waiting for the crash to buy sth...hand itchy like hell
�
ask porker to scratch for you, ai mai??
In a case of too many applicants, how to decide who can get to rent out their ? Base on who apply first or who is more senior or who is more needy.
�
have to bid for Certificate of Rental, aka COR
Just lock one room i think can already, 4 room still one house
�
Cannot leh , got one guy got charge in court for doing that remember ?
�
Cannot leh , got one guy got charge in court for doing that remember ?
This kind of thing based on luck mah haha
You dont need to be an ecomonist to realise who's more right or wrong when you know that every singaporean teenager yearns to retire at 30 by owning several condos - rented out
�
I don't see anything wrong with that.� It is just a smaller scale of what listed companies who own shopping malls and office buildings and renting them out are doing.
You dont need to be an economist to realise who's right or wrong when a B&B car costing a mere fraction anywhere else in this world is sold here for the price of a house in a neighboring country.�
You should know better than anyone else how frustrating it is to have traffic clogging up the road.� And we are really squeezed in this tiny city.� So the best solution is exactly what our Govt is doing - keep the bar high, highest bidders get to buy cars and drive.� Keep out those who fail to make the grade.� If you want it, I don't care how you do it, but you just come up with the money.� This is true meritocracy, fair and square!
You dont need to be an economist to realise who's right or wrong when people buy luxury watches by taking "luxury" loans to look luxuriously luxurious to the neighbors cat/dog. Noting that these same people cry father or mother when transport fares go up by an insignificant amount.�
That happens everywhere and is not unique to Singapore. And the material object in question may not be a watch, it may be many other things.� This is solely the failure of a person's character and education.� It has nothing to do with how a country is being run.� If one is "shoey (Cantonese)", one shouldn't blame the country and everything else around him.
�
Edited by Thaiyotakamli, 16 January 2014 - 09:03 PM.
1st ban PR to sublet
2nd ban newly minted PR to buy resale
next is to ban sublet for all. ho say liao.
this idea has been debated many times that hdb is for live in and not revenue generator unless you are retiree and live in let out room
Edited by Wt_know, 16 January 2014 - 09:16 PM.
I for one have said many times that we should not simply put the blame on the Govt.
You dont need to be an ecomonist to realise who's more right or wrong when you know that every singaporean teenager yearns to retire at 30 by owning several condos - rented out
�
I don't see anything wrong with that.� It is just a smaller scale of what listed companies who own shopping malls and office buildings and renting them out are doing.
You dont need to be an economist to realise who's right or wrong when a B&B car costing a mere fraction anywhere else in this world is sold here for the price of a house in a neighboring country.
�
You should know better than anyone else how frustrating it is to have traffic clogging up the road.� And we are really squeezed in this tiny city.� So the best solution is exactly what our Govt is doing - keep the bar high, highest bidders get to buy cars and drive.� Keep out those who fail to make the grade.� If you want it, I don't care how you do it, but you just come up with the money.� This is true meritocracy, fair and square!
You dont need to be an economist to realise who's right or wrong when people buy luxury watches by taking "luxury" loans to look luxuriously luxurious to the neighbors cat/dog. Noting that these same people cry father or mother when transport fares go up by an insignificant amount.
�
That happens everywhere and is not unique to Singapore. And the material object in question may not be a watch, it may be many other things.� This is solely the failure of a person's character and education.� It has nothing to do with how a country is being run.� If one is "shoey (Cantonese)", one shouldn't blame the country and everything else around him.
�
We should reflect on ourselves, understanding the situation before pointing the finger.
My above post as well is a reflection of ourselves. It is not blaming anyone.
But there is simply no question on the way Singapore (and many other countries) is (or has been?) run.
Its something which you may understand a little more when you have kids, Viceroy.
And if you already do have one, try having another, it deepens that understanding.
And if you indeed already have another and still dont get me, then wait a year or two, sometimes it takes a while.
And if you really really still cant understand, then you, my friend, is the true elitist.
Cos they dont understand it either, ever.
*big smile*
Edited by Throttle2, 16 January 2014 - 09:52 PM.
I getting in love with viceroy lol
�
�
Vic calls a spade a spade. �No condescendance on his posts and makes his points sharp and clear. �Stark contrast to another who borders on the 'self-gloat' 'lim pei ka le kong' style.
�
Now he is back to normal cf some time back when i think his acct, tio hack....muahahahahah
I for one have said many times that we should not simply put the blame on the Govt.
We should reflect on ourselves, understanding the situation before pointing the finger.
My above post as well is a reflection of ourselves. It is not blaming anyone.
But there is simply no question on the way Singapore (and many other countries) is (or has been?) run.
Its something which you may understand a little more when you have kids, Viceroy.
And if you already do have one, try having another, it deepens that understanding.
And if you indeed already have another and still dont get me, then wait a year or two, sometimes it takes a while.
And if you really really still cant understand, then you, my friend, is the true elitist.
Cos they dont understand it either, ever.
*big smile*
�
�
grammar police:
�
'...you, my friend, are the true elitist'
we can only see light in� darkness.
then probably many will realise everyone is equal, trying to fill one's stomach...then probably ppl will be more humble.
I'm humbled, everyone makes mistakes, me inclusive.�
�
Vic calls a spade a spade. �No condescendance on his posts and makes his points sharp and clear. �Stark contrast to another who borders on the 'self-gloat' 'lim pei ka le kong' style.
�
Now he is back to normal cf some time back when i think his acct, tio hack....muahahahahah
�
�
grammar police:
�
'...you, my friend, are the true elitist'
But everyone is different.
Viceroy is viceroy, i am myself, you Radxy are Radxy.
Background, Styles, experience, tastes, all different.
Some people get away with arson and rape, some others cant even walk away from an expired parking ticket.
What happens when i call a spade a spade?
What happens when i joke a little?
Answer: some folks just cant take it no matter what
Reason: Prejudice
So i will self check with the fellas' (and your) comments.
===========
Back to topic, property shares continues the slump.
I just checked and Capitaland has broken $2.90 this morning....
I guess all the property stocks are trading the same way currently..down
Edited by Throttle2, 17 January 2014 - 09:33 AM.
Hdb rental increase, demand for pte properties increase also so at least people will continue hold their pte properties
�
Why would HDB rent increase?�
�
Cap on foreigner means LESS demand doesn't it? �Less demand means rent down.�
�
Of course, private Condo demand will increase BUT...there is already a price gap between condo and HDB, so will rent increase?�
�
If people start to have problems renting HDB, then mortgage for the private condo becomes less affordable...
�
But apparently, island wide there is only about 1% of districts that will be affected by this - so at the end of the day it seems more like a precautionary measure than anything else. Would be surprised if there is any measurable impact on rentals at all beyond a few isolated sob stories
I'm humbled, everyone makes mistakes, me inclusive.
But everyone is different.
Viceroy is viceroy, i am myself, you Radxy are Radxy.
Background, Styles, experience, tastes, all different.
Some people get away with arson and rape, some others cant even walk away from an expired parking ticket.
What happens when i call a spade a spade?
What happens when i joke a little?
Answer: some folks just cant take it no matter what
Reason: Prejudice
So i will self check with the fellas' (and your) comments.
===========
Back to topic, property shares continues the slump.
I just checked and Capitaland has broken $2.90 this morning....
I guess all the property stocks are trading the same way currently..down
Bo pakai.... show The watch haha
No worry la bro... you hv ur intention too and I respect that too and I look t from a pt of view as one that also makes very valid sense
Peace
�
Why would HDB rent increase?�
�
Cap on foreigner means LESS demand doesn't it? �Less demand means rent down.�
�
Of course, private Condo demand will increase BUT...there is already a price gap between condo and HDB, so will rent increase?�
�
If people start to have problems renting HDB, then mortgage for the private condo becomes less affordable...
�
But apparently, island wide there is only about 1% of districts that will be affected by this - so at the end of the day it seems more like a precautionary measure than anything else. Would be surprised if there is any measurable impact on rentals at all beyond a few isolated sob stories
�
HDBs are scarcer now. No change to the same pool of tenants (even with caps, it's not like they slashed 92% of the quota). There is no cheaper substitute for HDB that this pool of tenants can switch too.
�
Condo is the next alternative. You think condo landlords will lower their rental to match that of HDB landlords? Condo landlords may have to lower that asking rents to tap some spillover demand from this pool if they are desperate but it be to that of a HDB rental.
�
If you are now one of the "8% approved" landlord, how much would charge compared to previously, now that you know only 8 out of 100 HDB can be sublet and your customers have no cheaper alternatives?
Edited by Sabian, 17 January 2014 - 10:15 AM.
�
HDBs are scarcer now. No change to the same pool of tenants (even with caps, it's not like they slashed 92% of the quota). There is no cheaper substitute for HDB that this pool of tenants can switch too.
�
Condo is the next alternative. You think condo landlords will lower their rental to match that of HDB landlords? Condo landlords may have to lower that asking rents to tap some spillover demand from this pool if they are desperate but it be to that of a HDB rental.
�
If you are now one of the "8% approved" landlord, how much would charge compared to previously, now that you know only 8 out of 100 HDB can be sublet and your customers have no cheaper alternatives?
�
that's a valid argument
�
for now, the 8$ cap will lower rental supply hence maybe push up HDB rent a little
�
When more and more condo units and HDB flats are completed in the coming 1 or 2 years, and population growth is not as high, i think we will see more downward pressure on rents�
�
As it is, some condos i see are renting at close to HDB rents (eg $3000 for a suburban 3 bedroom vs $2000 for a HDB 5 room flat). Yields for condo at a very low 3% will fall further
Bo pakai.... show The watch haha
No worry la bro... you hv ur intention too and I respect that too and I look t from a pt of view as one that also makes very valid sense
Peace
�
You talking about T2 meh? How can you misunderstand him?�He where got how lian?
�
Full cash is a virtue we must all aspire to. If you need to take 12/24/36 mth installment to buy it, you can't afford it. Period. (excluding housing, of course)
�
I look fwd to his/ ciggie-menthol/ illuminator/ soya/ porker's plus so many others' straight from the hip posts.
�
No motherhood crap. Just�unadulterated�opinions.
CM after CM pushing more and more towards private properties. is this how invisible hand support the private market? agent changing tune liao ... buy buy mickey mouse to let to FT ... no restriction no quota ... immediate yields ...
1st ban PR to sublet
2nd ban newly minted PR to buy resale
next is to ban sublet for all. ho say liao.
this idea has been debated many times that hdb is for live in and not revenue generator unless you are retiree and live in let out room
�
Being in the company of property agents lately made me realized that these guys are really the king of pratas. Can spin a story for every season
�
Having said that, they do put their money where the mouth is. Most of the successful ones have been acquiring properties, Even at today's prices.
�
that's a valid argument
�
for now, the 8$ cap will lower rental supply hence maybe push up HDB rent a little
�
When more and more condo units and HDB flats are completed in the coming 1 or 2 years, and population growth is not as high, i think we will see more downward pressure on rents�
�
As it is, some condos i see are renting at close to HDB rents (eg $3000 for a suburban 3 bedroom vs $2000 for a HDB 5 room flat). Yields for condo at a very low 3% will fall further
�
My guess there will be some adjustment downwards for condo rents in light of the physical completions in the next 2 years. (CDL appoint Goh Chok Tong type CEO to "look outwards" for growth is ominous).�
�
But rental and property price are very sentiment driven. It may take some time for rents to stabilize as the market works itself out but HDB rental should hold for now and rise later, if the 8% rule is not for show and enforced.�
�
Being in the company of property agents lately made me realized that these guys are really the king of pratas. Can spin a story for every season
�
Having said that, they do put their money where the mouth is. Most of the successful ones have been acquiring properties, Even at today's prices.
�
Definitely. Condosingapore forum has a lot of those types.
�
In the same breath, they can come up with:
�
Better buy now, next CM will make it harder to buy
Better sell now, next CM will make it harder to sell
�
Better buy now, project next door will launch at higher psf (never mind there are 8 other projects in the vicinity plus 3 more in the backburner = oversupply for the area ) and we may raise our psf or remove "pseudo-discounts"
Better sell now, so many projects coming up.
�
on the same day. same time.
I dunno much about property - just going by what seems logical to me...
�
but a few comments...
�
1. $3k for Condo vs $2k for (similar size) HDB... some might call this "close" - but to me it's a 50% differential, which is pretty big. �My idea of close is within 15-20%.�
2. According to other articles, when you have a 5% vacancy rate, you get downward pressure on rents. �To me, this seems logical - at 5% vacancy its pretty easy to find an equally good unit nearby, so renters have a lot of bargaining power. �And also, think of it from a landlords point of view also - mathematically, the difference between $3k and $2900 is $2,400 over a two year contract - less than one month rent. �If I had a tenant willing to move in NOW, but was asking for a $100 discount, I'd be grabbing them vs having the unit empty for another month.�
3. I don't think you will see much upward pressure in the limited units. �Why? �Because each unit is assessed as at the time of renewal. �If the quota is reached - can only rent to locals - so no upward pressure. �If quota is not met....where is the pressure?�
I dunno much about property - just going by what seems logical to me...
�
but a few comments...
�
1. $3k for Condo vs $2k for (similar size) HDB... some might call this "close" - but to me it's a 50% differential, which is pretty big. �My idea of close is within 15-20%.�
2. According to other articles, when you have a 5% vacancy rate, you get downward pressure on rents. �To me, this seems logical - at 5% vacancy its pretty easy to find an equally good unit nearby, so renters have a lot of bargaining power. �And also, think of it from a landlords point of view also - mathematically, the difference between $3k and $2900 is $2,400 over a two year contract - less than one month rent. �If I had a tenant willing to move in NOW, but was asking for a $100 discount, I'd be grabbing them vs having the unit empty for another month.�
3. I don't think you will see much upward pressure in the limited units. �Why? �Because each unit is assessed as at the time of renewal. �If the quota is reached - can only rent to locals - so no upward pressure. �If quota is not met....where is the pressure?�
�
1. It depends on sentiments, pendulum has probably swung towards the tenant. But can't assume every landlord is desperate to sublet.
�
2. We have been having 5% vacancy rate since 2010 so....
�
3. But you can still sublet rooms to foreigners. Just not the whole unit. Those who rent the whole unit (not included in the approved 8%) will go even deeper underground. That's why I say, depends on how it is enforced.
�
Although the HDB sublet rate to foreigners is 4% (officially), in some enclaves, it's higher than 4%, like 5%-18%. Meaning without cap, the equilibrium is 4%.
�
So if you are a HDB landlord in the right enclave (>8%) and you have the right tenant (ethnicity), you stand a good chance of getting better rents.
�
But to me, it is still business as usual for the HDB rental business as one room of tenants will just move out of a flat that used to be wholly sublet and find another room of tenants and rent 2 bedrooms from another flat in the same block/ neighbourhood.�
Edited by Sabian, 17 January 2014 - 11:05 AM.
Actually the Iceland article does has its merits.
Don't be too quick to dismiss it.�
Our property prices have risen too quickly.
To use an example that i experienced personally. .
Suburban units in the bedok area going for about 600k in 2007/2008, were going at 1.2m in early 2013.
The same bishan HDBs that today are selling for 900k and up, were selling at 550k then.
�
During this period, did population/rents/income double?�
What actually changed? Very little.
What was the driving factor during this time? Just global interest rates.
�
As Throttle rightly pointed out, interest rates have many effects, one of which is that loans become affordable.
This stimulates spending which drives the economy through higher employment, higher tax income, more infrastructure spending etc.
A virtuous cycle, driven also by higher money velocity and the multiplier effect.�
�
Once interest rates go up? the cycle reverses, and the multiplier effect also comes in play...And well, this is the painful part.
Its really like a balloon, first blowing into flat balloon a bit hard, then it becomes easier as it inflates.
We all know how balloons deflate.
�
My personal fear is that there might be a triple whammy.
Higher supply (which actually cannot be turned off), more CMs(van be turned off) and higher interest rates.
Even some of my rich China clients, one of whom who once bought 4 properties (not cheapo ones mind you, about 2-3m per unit)in cash (like throttle) in one weekend have all stopped buying.
�
Reason is that they feel prices are coming down. Wait and see.� They see properties here like any other investment.
If it drops, they will sell and cut loss. Imagine hundreds of other such people moving in concert.
Things like this could just be the pebble that results in a avalanche.
�
2. According to other articles, when you have a 5% vacancy rate, you get downward pressure on rents. �To me, this seems logical - at 5% vacancy its pretty easy to find an equally good unit nearby, so renters have a lot of bargaining power. �And also, think of it from a landlords point of view also - mathematically, the difference between $3k and $2900 is $2,400 over a two year contract - less than one month rent. �If I had a tenant willing to move in NOW, but was asking for a $100 discount, I'd be grabbing them vs having the unit empty for another month.
�
Rental rate is dependent on a number of factors other than availability of units.
�
1) Holding power of owners - they pay in full and they "buay song" give you $100 discount you LLPL because they can afford not to rent it out
�
2) Agents control - they group together and control rental rates of entire developments. "Market spoilers" will be viewed as such and they will be avoided by agents in future (co broking etc.)
�
I look fwd to his/ ciggie-menthol/ illuminator/ soya/ porker's plus so many others' straight from the hip posts.
�
No motherhood crap. Just�unadulterated�opinions.
�
eh...donch say me hor. i no shoot here shoot there hor. onli porker like to shoot protein.......
![[:p]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_u5HWAOf_wsZLvC0KZDWvk8pNtPM7K3gkMf1lpWafz4dfPPxQTZvpkH2GHc3MNC1IhiAMjOs_ozuZNjL0opdmKQtcFKtGYJNtD_J-LJlroh3UqWRniiH67ThsFVbDYaCYF1rD_YS8s=s0-d)
we got invisible hand ... can do magic
�
up demand
close supply
tweak policy
change quota
spur with several billions dollars project
�
i'm not saying that invisible hand can hold the market but i'm sure can "water down" the crash and slowdown the train to "soft landing"
isn't the soft landing gear is already in action now
�
unlike usa and iceland property bubbles ... their invisible hand can't do shit
�
spore is a red dot ... people see bishan $1.05M hdb ... tpy, amk, clementi, redhill, all watching closely liao
small country ... east side pangsai west side can smell it
what i mean is ... easy to steer the ship
Edited by Wt_know, 17 January 2014 - 11:22 AM.
During this period, did population/rents/income double?�
What actually changed? Very little.
What was the driving factor during this time? Just global interest rates.
�
I think there's another driving factor which I will not explicitly state here. It has something to do with Menthol's previous statement about how every square foot in Singapore is as valuable as that of Raffles Place LOL.
�
I think there's another driving factor which I will not explicitly state here. It has something to do with Menthol's previous statement about how every square foot in Singapore is as valuable as that of Raffles Place LOL.
U jus said it u clown
�
eh...donch say me hor. i no shoot here shoot there hor. onli porker like to shoot protein.......
�
Ai swallow mai?
�
Ai swallow mai?
�
would u be wearing a gold lolek and pointing to ur kkj?�
�
would u be wearing a gold lolek and pointing to ur kkj?�
�
I wrap condom on my finger and point to my dick can or not?
�
would u be wearing a gold lolek and pointing to ur kkj?�
U two lubbers get a room can anot?
We tok serious bubbles here.. Knn
�
would u be wearing a gold lolek and pointing to ur kkj?�
�
You say you don't shoot here shoot there....
�
Porker says "Ai swallow mai" (usually it's ai kum mai?)
�
Then you post this gold lolek...
�
What am I (and the rest of the other MCFers) supposed to think?
Edited by Sabian, 17 January 2014 - 11:30 AM.
�
You say you don't shoot here shoot there....
�
Porker says "Ai swallow mai" (usually it's ai kum mai?)
�
Then you post this gold lolek...
�
What am I (and the rest of the other MCFers) supposed to think?
�
Errr....that u guys tink too much?�
�
Keep Calm and Pay Full Cash.�
Actually the Iceland article does has its merits.
Don't be too quick to dismiss it.�
Our property prices have risen too quickly.
To use an example that i experienced personally. .
Suburban units in the bedok area going for about 600k in 2007/2008, were going at 1.2m in early 2013.
The same bishan HDBs that today are selling for 900k and up, were selling at 550k then.
�
During this period, did population/rents/income double?�
What actually changed? Very little.
What was the driving factor during this time? Just global interest rates.
�
As Throttle rightly pointed out, interest rates have many effects, one of which is that loans become affordable.
This stimulates spending which drives the economy through higher employment, higher tax income, more infrastructure spending etc.
A virtuous cycle, driven also by higher money velocity and the multiplier effect.�
�
Once interest rates go up? the cycle reverses, and the multiplier effect also comes in play...And well, this is the painful part.
Its really like a balloon, first blowing into flat balloon a bit hard, then it becomes easier as it inflates.
We all know how balloons deflate.
�
My personal fear is that there might be a triple whammy.
Higher supply (which actually cannot be turned off), more CMs(van be turned off) and higher interest rates.
Even some of my rich China clients, one of whom who once bought 4 properties (not cheapo ones mind you, about 2-3m per unit)in cash (like throttle) in one weekend have all stopped buying.
�
Reason is that they feel prices are coming down. Wait and see.� They see properties here like any other investment.
If it drops, they will sell and cut loss. Imagine hundreds of other such people moving in concert.
Things like this could just be the pebble that results in a avalanche.
�
Yes that is the No One Wants To Be The Last Man Standing theory that i hv been talking about.
Shrewd as these people are.
And by the way Teddy, i dont buy my properties with full cash leh.
Where got so much money?
Especially when i stay ChoaChuKang HDB....sigh...
simi bubble? retirement resort huat ah!
1,000 to fight for 281 units
http://www.todayonli..._medium=twitter
�
�
early bird got the worm
�
Edited by Wt_know, 17 January 2014 - 02:40 PM.
Attached Thumbnails
haha ... a $10k sub / 40 months = $250 per month ... sibei cheap and affordable
hmm ... will this $250/mth eats into TDSR? lol
40 years old buy $10k sub with 40 months installment? ok ... i'm not trying to suan but this does not sounds right
somemore working in banking sector? 40 months ... why bank want to give you 40 months means 40 payments
miss 1 payment ... kena finance fees + interest + whatever ... the more you skip/miss ... the more interest+interest formula kick in
�
Edited by Wt_know, 17 January 2014 - 03:20 PM.
Patrick ...� you the man ... 2030 is the year where everyone is millionaire
�
Edited by Wt_know, 17 January 2014 - 03:10 PM.
When I read this I laffed...
�
His premise seems to be based on two things
1. Trust the government�
2. We are safe as we will have 6.9 million people
�
I laffed
�
Patrick ...� you the man ... 2030 is the year where everyone is millionaire
�
�
Voila, i think the ST reporter must be in MCF.
�
Stupid and damn bloody ridiculous to buy such luxury items on loan.
Whats the point?
When I read this I laffed...
�
His premise seems to be based on two things
1. Trust the government�
2. We are safe as we will have 6.9 million people
�
I laffed
�
�
�
Only hear the good things.... heheh
haha ... a $10k sub / 40 months = $250 per month ... sibei cheap and affordable
hmm ... will this $250/mth eats into TDSR? lol
40 years old buy $10k sub with 40 months installment? ok ... i'm not trying to suan but this does not sounds right
somemore working in banking sector? 40 months ... why bank want to give you 40 months means 40 payments
miss 1 payment ... kena finance fees + interest + whatever ... the more you skip/miss ... the more interest+interest formula kick in
�
�
KNN at 40 still dunno how to think, small wonder he's still an associate
10k watch for a 40 year old associate on 4o month instalment? A freaking mile stone indeed.
�
Same kind of people that only have 20k in account then borrow 100k to do wedding.
With fireworks, no less.
�
Edited by Tedlhw, 17 January 2014 - 03:26 PM.
maybe joseph also from MCF
everyday see throttle newspaper clip posting ... bei tahan liao
throttle fault!!! lol
Edited by Wt_know, 17 January 2014 - 03:32 PM.
�
I think there's another driving factor which I will not explicitly state here. It has something to do with Menthol's previous statement about how every square foot in Singapore is as valuable as that of Raffles Place LOL.
�
Legal High is great btw.
�
Why would HDB rent increase?�
�
Cap on foreigner means LESS demand doesn't it? �Less demand means rent down.�
�
Of course, private Condo demand will increase BUT...there is already a price gap between condo and HDB, so will rent increase?�
�
If people start to have problems renting HDB, then mortgage for the private condo becomes less affordable...
�
But apparently, island wide there is only about 1% of districts that will be affected by this - so at the end of the day it seems more like a precautionary measure than anything else. Would be surprised if there is any measurable impact on rentals at all beyond a few isolated sob stories
Simple demand supply law, supply reduce mean price increase.
Maybe we dont expect a high increase on price but probably demand for pte properties will increase
When I read this I laffed...
�
His premise seems to be based on two things
1. Trust the government�
2. We are safe as we will have 6.9 million people
�
I laffed
�
�
�
This "patrick liew" prob works in MAS or associated organisation
�
Confidence in the govt... so what happened in 1997 and 2001, 2003?�
�
one of the highest savings? i see many retirees rushing to put their savings into stocks and overseas properties
�
This "patrick liew" prob works in MAS or associated organisation
�
Confidence in the govt... so what happened in 1997 and 2001, 2003?�
�
one of the highest savings? i see many retirees rushing to put their savings into stocks and overseas properties
�
Sounds like someone in real estate. There's a Patrick Liew on the board of HSR LOL
Wow! huat until 2030!!!!! MAI TU LIAO!!!!!!!
�
This "patrick liew" prob works in MAS or associated organisation
�
Confidence in the govt... so what happened in 1997 and 2001, 2003?�
�
one of the highest savings? i see many retirees rushing to put their savings into stocks and overseas properties
Must be property agent of some kind
haha ... a $10k sub / 40 months = $250 per month ... sibei cheap and affordable
hmm ... will this $250/mth eats into TDSR? lol
40 years old buy $10k sub with 40 months installment? ok ... i'm not trying to suan but this does not sounds right
somemore working in banking sector? 40 months ... why bank want to give you 40 months means 40 payments
miss 1 payment ... kena finance fees + interest + whatever ... the more you skip/miss ... the more interest+interest formula kick in
�
Tell me this is a joke! Is luxury watch shops so desperate to sell their watches?
Why dont they save it every month until 40th month then buy the watch in full cash?
Soon we will have interest free 24 months installment for fine dining bill
�
Sounds like someone in real estate. There's a Patrick Liew on the board of HSR LOL
Really?
Then it MUST be him.
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