mycarforum: Rupiah/Rupee at risk, SG/HK risk property bubble part 31

Brazilian developer prob put all their $$$ on Brazil last night

EC bad sales

As of end May 2014, 779 executive condominium (EC) units had been launched and remained unsold.

The Ministry of National Development (MND) revealed this following a written query at yesterday�s parliament session.

In the next 18 months, about 6,800 EC units are expected to be launched.

The HDB website lists 18 EC projects available throughout the country currently, out of the total of 29 ECs listed.

In April, National Development Minister Khaw Boon Wan said in a blog post more than 11,000 Singaporean families purchased ECs from Q4 2010 to the same period last year.

ECs were introduced to help Singaporeans acquire condos at very affordable prices

pay toyota price but get to drive lexus ... never stop to amuse me

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EC bad sales

As of end May 2014, 779 executive condominium (EC) units had been launched and remained unsold.

The Ministry of National Development (MND) revealed this following a written query at yesterday�s parliament session.

In the next 18 months, about 6,800 EC units are expected to be launched.

The HDB website lists 18 EC projects available throughout the country currently, out of the total of 29 ECs listed.

In April, National Development Minister Khaw Boon Wan said in a blog post more than 11,000 Singaporean families purchased ECs from Q4 2010 to the same period last year.

ECs were introduced to help Singaporeans acquire condos at very affordable prices

�

�

Edited by Wt_know, 10 July 2014 - 12:25 AM.

those who are collecting PC and EC in 2015/2016 got chance to resell HDB at higher price liao [thumbsup]

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Fewer BTO flats expected next year

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Next year's Build-to-Order (BTO) supply is expected to be lower than this year's, said the Ministry of National Development (MND) in response to a query at yesterday's Parliament session.
The government has launched 9,700 BTO flats this year, and another 12,700 flats will be launched in the next six months, adding up to 22,400 new BTO flats for 2014.

HDB will also conduct a second Sale of Balance Flats Exercise later this year to augment the BTO supply.

"As for next year's building programme, we will monitor the BTO application rates closely and decide on the BTO supply in due course," National Development Minister Khaw Boon Wan replied in a statement.

"As more resale flats were transacted at below valuation, we expect more buyers to return to the HDB resale market instead of relying on the BTO programme," he added.

After three years of ramping up the BTO supply, the backlog of first-timer applicants has been cleared.

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In response to another query, Mr Khaw revealed there are currently 10 families who have made three or more unsuccessful first-time applications for BTO flats in non-mature estate.

Edited by Wt_know, 10 July 2014 - 12:47 AM.

Don't stop building.... Master didn't tell you the 6.9 vision?... Hehehe

Nabei they start to play with supply again.

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Who gives a flying fark if resale flats are transacted below valuation, they gonna build BTOs according to resale market prices now?

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Goddamn bloody idiots.

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"ECs were introduced to help Singaporeans�acquire condos at affordable prices" - means condos are not affordable.

Edited by Myxilplix, 10 July 2014 - 07:41 AM.

so much talking about BTO price had delinked from resale price .. u nia bo

BTO supply should respond to demand and forward planning right ... why must look at resale price

at the end of the day ... price "matching" and "benchmarking" is here to stay ... officially or unofficially

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if can sell higher and collect more money .... what's wrong? [sly]

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Who gives a flying fark if resale flats are transacted below valuation, they gonna build BTOs according to resale market prices now?

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Edited by Wt_know, 10 July 2014 - 07:45 AM.

They just changed the bloody valuation system into one where buyer/seller agree on the price of the flat before getting the valuation report, now so fast got kneejerk. If people agree on a price below valuation because they don't have the valuation reports anymore, it just means flats�were overvalued�lah knn bodoh siol.

Nabei they start to play with supply again.
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Who gives a flying fark if resale flats are transacted below valuation, they gonna build BTOs according to resale market prices now?
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Goddamn bloody idiots.
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"ECs were introduced to help Singaporeans�acquire condos at affordable prices" - means condos are not affordable.

How about making Mercedes Benzes and Beemers affordable?
While we're at that, why not make a GCB affordable?
Yippee

How about making Mercedes Benzes and Beemers affordable?
While we're at that, why not make a GCB affordable?
Yippee

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Rolex watches also, should not cost more than 1k per piece with the government subsidies.

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Rolex watches also, should not cost more than 1k per piece with the government subsidies.

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yea.. and after you are 65, government subsidy increases... u only need to pay 500!� [:p]

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Rolex watches also, should not cost more than 1k per piece with the government subsidies.

Yeah, so we realise.........

All this EC, BTO etc crap.

My humble take:-

Singaporeans should simply be allowed to buy a HDB to live in no matter how much income they make.
HDB must ensure that Singaporeans will always hv a home at an affordable price
HDB is not for profiteering or rental, any rental must be stringently applied.
Manage the pricing via differencesizes and locations and quality but do not set any income requirement.
Just all the TDSR etc is good enough.

Don't stop building.... Master didn't tell you the 6.9 vision?... Hehehe

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hmm, I can see that u are staying focused� [sly] �....precisely, cut the wayang, with 6.9, they should never stop building. All these are nothing more than erection talk(s). flip, flop, U-turn, policy shift.......whatever.

They just changed the bloody valuation system into one where buyer/seller agree on the price of the flat before getting the valuation report, now so fast got kneejerk. If people agree on a price below valuation because they don't have the valuation reports anymore, it just means flats�were overvalued�lah knn bodoh siol.

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you know i know who control the valuation value lar.. what market force is pure bs since the valuation is manipulated... [rolleyes]

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hmm, I can see that u are staying focused� �....precisely, cut the wayang, with 6.9, they should never stop building. All these are nothing more than erection talk(s). flip, flop, U-turn, policy shift.......whatever.

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recently checked, my eyes sight are getting better..the shortsighted degree has drop by 50-deg..
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situation getting worse by the day

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Hiap Hoe seeks sole buyer for Balmoral condo units

It has till Nov to sell them before it falls subject to big fees to extend sale period

LYNETTE KHOO

.com.sg'>lynkhoo.com.sg��

PRINT�|EMAIL�THIS ARTICLE

Treasure on Balmoral:�The Singapore-listed group wants to sell all 48 units in its District 10 project at a guided price of $1,850 per square foot or a total of $191.4 million. -�ST FILE PHOTO

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ANOTHER developer is putting up unsold condo units for bulk sale, apparently to avoid having to pay hefty fees to extend the sales period.

Singapore-listed Hiap Hoe Group wants to sell all 48 units in its District 10 project, Treasure on Balmoral, at a guided price of $1,850 per square foot (psf) or $191.4 million.

This follows attempts by other developers to offload their unsold units in bulk sales - as did Great Newton Properties for its Newton Imperial condominium project and Heeton for iLiv.

With buying interest still dampened by tough lending rules, property consultants believe more bulk sales at reduced prices are in the offing, especially for high-end projects.

"That's one way for developers to dispose of unsold units without incurring the QC fines," said OrangeTee head of research and consultancy Christine Li, in a reference to the government's Qualifying Certificate rules, under which developers have to pay extension charges to extend the sales period two years after the project's completion.

Hiap Hoe's project received its temporary occupation permit (TOP) in November 2012, meaning that the developer will have to pay extension fees for unsold units from this November.

To extend the sales period, developers have to pay 8 per cent of the land purchase price for the first year of extension, 16 per cent for the second, and 24 per cent for the third year onwards; the charges are pro-rated according to the proportion of unsold units in the project.

Hiap Hoe's subsidiary paid $138 million for the Balmoral site by way of a collective sale tender in 2007. The guided price of $1,850 psf for Treasure on Balmoral is lower than the median prices achieved for units at two other projects on Balmoral Road: Goodwood Grand ($2,360 psf) and One Balmoral ($2,451 psf), going by caveats lodged.

SLP International executive director Nicholas Mak said the bulk-sale attempt reflects the developer's softened view of the high-end segment.

"This segment may not be expected to recover in the short term if the government does not remove or reduce the existing cooling measures," he said.

If the potential bulk buyer is a property company or a property fund, the buyer has to pay an additional stamp duty of 15 per cent of the purchase price, plus the usual 3 per cent stamp duty, leaving the buyer with limited headroom for profit, Mr Mak said.

In January, Great Newton Properties tried in vain to offload unsold units in the 36-unit Newton Imperial to a single buyer, after selling only nine units.

Heeton was also said to be seeking $2,200-$2,300 psf for the 30-unit iLiv, which TOP-ed last October. Not a single sale has been lodged there so far.

Ms Li said projects have to be seen as "the right product with good layout" to attract bulk purchasers, who ultimately want to profit from selling the units to individual buyers.

Savills Singapore managing director Steven Ming said he expects a strong price recovery in the high-end property market - embattled for quite a few years - in the next property upswing.

Savills is the sole marketing agent for Treasure on Balmoral. The deadline for expressions of interest is Aug 21.

Based on the indicative pricing for Treasure on Balmoral, the rental yield is estimated to be in the region of 3 per cent, Mr Ming said.

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recently checked, my eyes sight are getting better..the shortsighted degree has drop by 50-deg..
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recently i also thought my myopia got better

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instead it was that i became lao hua

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Yeah, so we realise.........

All this EC, BTO etc crap.

My humble take:-

Singaporeans should simply be allowed to buy a HDB to live in no matter how much income they make.
HDB must ensure that Singaporeans will always hv a home at an affordable price
HDB is not for profiteering or rental, any rental must be stringently applied.
Manage the pricing via differencesizes and locations and quality but do not set any income requirement.
Just all the TDSR etc is good enough.

�

you humble? never....

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No great sibgapore sale?

�

hmm, I can see that u are staying focused� �....precisely, cut the wayang, with 6.9, they should never stop building. All these are nothing more than erection talk(s). flip, flop, U-turn, policy shift.......whatever.

Later they come out with statement like " the 6.9 increment is not on a straight line graph ma.. u need to expect some drop at some period, so we have to control the supply accordingly - nevertheless, my pocket money is more impt. [:p] ��"�

Well no matter what, they will hv less, right???.

�

Low crime doesn't mean no crime. haha

Yeah, so we realise.........

All this EC, BTO etc crap.

My humble take:-

Singaporeans should simply be allowed to buy a HDB to live in no matter how much income they make.
HDB must ensure that Singaporeans will always hv a home at an affordable price
HDB is not for profiteering or rental, any rental must be stringently applied.
Manage the pricing via differencesizes and locations and quality but do not set any income requirement.
Just all the TDSR etc is good enough.

�

I think they more or less realized it now, too bad HDB has gone too far down the hole to backtrack...

Edited by L_club23, 10 July 2014 - 01:59 PM.

pay toyota price but get to drive lexus ... never stop to amuse me

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in the past, yes. just look at the nuovo at YCK. launch price $ 500k plus, now over a mil each.

now the gap is smaller but there is still hope. Haha.

calling T2 .... $1850psf only cheaper than Sky Habitat but must buy all 48 units .... muahahahaha

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Singapore-listed Hiap Hoe Group wants to sell all 48 units in its District 10 project, Treasure on Balmoral, at a guided price of $1,850 per square foot (psf) or $191.4 million.

Edited by Wt_know, 10 July 2014 - 02:05 PM.

save 70% of salary

�

100k cash can invest in 1 property

�

make 100% profit means can be guru liao

�

_20140709_SBPROPERTY_P_476495.jpg

�

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DUE DILIGENCE: Ms Ip sold four of her five properties from 2010 to 2011, chalking up a net profit of between 80 and 120 per cent.

PHOTO: THE MARK CHEONG

Published on Jul 09, 2014

5 properties in 4 years = 100% profits

SAMANTHA BOH

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SHE went for over 60 apartment viewings before deciding to buy her first property in 2002 - a one-room condominium unit in Mandarin Gardens. Even then, she was not satisfied.

"I made a mistake, I really think I should have seen at least 100," said former marketing professional Vina Ip.

The 41-year-old thinks she should have waited longer and checked with more sources, instead of solely tracking past transactions. Shortly after she had made her purchase, a similar unit with a better view, level and price came onto the market.

Still, she persisted. Over a span of 41/2 years, she added four more properties to her name.

All were funded by her own savings. She was saving 70 per cent of her salary during this period, and she could get generous bank loans in those days.

"Life became a catch-up game to save hard for my next purchase. Whenever my savings reached the $100,000 mark, I would add another property to my portfolio," she said.

From 2010 to 2011, she sold them all, except for her current residence in Verde Avenue. She managed to chalk up a net profit of between 80 and 120 per cent.

She admits that cooling measures such as the Total Debt Servicing Ratio framework make it harder for an investor to follow in her footsteps - especially if one is not cash-rich. But she believes the real challenge is to somehow acquire that first investment property and rent it out. Positive returns from this can have a rollover effect, she said.

That's how she funded her later property investments.

Next to that would be a good understanding of the market. To share her insights with budding investors - a move her friends labelled "crazy" - Ms Ip went on to start a blog, Property Soul, in 2011 and amassed a following of over 500.

Now, she has written a book, titled No B.S. Guide To Property Investment, and started a property club, with its first session taking place last weekend.

When making a property investment, she looks for a good location, a well-maintained project and a favourable tenant profile.

For an investor, a good location does not simply mean one close to an MRT station, school or shopping centre. "That is a good location in the eyes of a Singaporean, not an expatriate, whom we are targeting, she said.

"Also, birds of a feather flock together, so knowing who lives in the estate will help you predict how attractive the property will be to tenants."

It is also key to differentiate between a home and an investment. "Some think, 'I will just rent it out first and, then, if it becomes unprofitable, I will move in,' but it is never that straightforward," she said.

"It is about packing up and moving your entire family, and getting used to a whole new location."

Ms Ip noted that this is a mistake many first-time property investors make, along with buying on impulse at sales launches and trusting an incompetent agent.

One rule which she follows is to bid at a price at least 15 per cent lower than the last sales transaction for a similar unit, along with entering the market at its lowest point and escaping once she notices a surge in buyers.

People will say, "Wah, so daring," which will make you think twice, but you have to pluck up the courage to strike when the economy is in the doldrums, said Ms Ip.

So, is it a buyers' market now? Not quite yet, although it has indeed changed course, she said.

"When you call up an agent and he asks you for a time convenient for you, or if you go for flat viewings and notice that you are the only one, then it might be the time to strike," she said.

.com.sg'>samboh.com.sg

�

save 70% of salary

�

100k cash can invest in 1 property

�

make 100% profit means can be guru liao

�

�

�

_20140709_SBPROPERTY_P_476495.jpg

�
�

DUE DILIGENCE: Ms Ip sold four of her five properties from 2010 to 2011, chalking up a net profit of between 80 and 120 per cent.

PHOTO: THE MARK CHEONG

Advertisement

�

Published on Jul 09, 2014

5 properties in 4 years = 100% profits

SAMANTHA BOH

�

SHE went for over 60 apartment viewings before deciding to buy her first property in 2002 - a one-room condominium unit in Mandarin Gardens. Even then, she was not satisfied.

"I made a mistake, I really think I should have seen at least 100," said former marketing professional Vina Ip.

The 41-year-old thinks she should have waited longer and checked with more sources, instead of solely tracking past transactions. Shortly after she had made her purchase, a similar unit with a better view, level and price came onto the market.

Still, she persisted. Over a span of 41/2 years, she added four more properties to her name.

All were funded by her own savings. She was saving 70 per cent of her salary during this period, and she could get generous bank loans in those days.

"Life became a catch-up game to save hard for my next purchase. Whenever my savings reached the $100,000 mark, I would add another property to my portfolio," she said.

From 2010 to 2011, she sold them all, except for her current residence in Verde Avenue. She managed to chalk up a net profit of between 80 and 120 per cent.

She admits that cooling measures such as the Total Debt Servicing Ratio framework make it harder for an investor to follow in her footsteps - especially if one is not cash-rich. But she believes the real challenge is to somehow acquire that first investment property and rent it out. Positive returns from this can have a rollover effect, she said.

That's how she funded her later property investments.

Next to that would be a good understanding of the market. To share her insights with budding investors - a move her friends labelled "crazy" - Ms Ip went on to start a blog, Property Soul, in 2011 and amassed a following of over 500.

Now, she has written a book, titled No B.S. Guide To Property Investment, and started a property club, with its first session taking place last weekend.

When making a property investment, she looks for a good location, a well-maintained project and a favourable tenant profile.

For an investor, a good location does not simply mean one close to an MRT station, school or shopping centre. "That is a good location in the eyes of a Singaporean, not an expatriate, whom we are targeting, she said.

"Also, birds of a feather flock together, so knowing who lives in the estate will help you predict how attractive the property will be to tenants."

It is also key to differentiate between a home and an investment. "Some think, 'I will just rent it out first and, then, if it becomes unprofitable, I will move in,' but it is never that straightforward," she said.

"It is about packing up and moving your entire family, and getting used to a whole new location."

Ms Ip noted that this is a mistake many first-time property investors make, along with buying on impulse at sales launches and trusting an incompetent agent.

One rule which she follows is to bid at a price at least 15 per cent lower than the last sales transaction for a similar unit, along with entering the market at its lowest point and escaping once she notices a surge in buyers.

People will say, "Wah, so daring," which will make you think twice, but you have to pluck up the courage to strike when the economy is in the doldrums, said Ms Ip.

So, is it a buyers' market now? Not quite yet, although it has indeed changed course, she said.

"When you call up an agent and he asks you for a time convenient for you, or if you go for flat viewings and notice that you are the only one, then it might be the time to strike," she said.

.com.sg'>samboh.com.sg

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her timing also quite zun. if not ask her to try her luck now? see whether results will be the same?

wah ... every $100k can buy 1 property ... [thumbsup]

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"Life became a catch-up game to save hard for my next purchase. Whenever my savings reached the $100,000 mark, I would add another property to my portfolio," she said.

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last 2-3 years you call agent ... agent bo eng leh

vvip launch also must go 8.00am to queue ... after viewing decision must be made within 10-15mins ... lol

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"When you call up an agent and he asks you for a time convenient for you, or if you go for flat viewings and notice that you are the only one, then it might be the time to strike," she said.

Edited by Wt_know, 10 July 2014 - 02:11 PM.

I've read some of her articles, got make sense one.

I've read some of her articles, got make sense one.

Sure got make sense, but in an upswing market, who lost?

I sour grapes, becos i could have retired a year ago......bah...

Sure got make sense, but in an upswing market, who lost?

I sour grapes, becos i could have retired a year ago......bah...

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No lah not about the make or lose, but she's the one who make people kpkb because she was advising financial prudence. Been posted before I think:

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https://sg.news.yaho...-101534387.html

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I think those guidelines are pretty sound for people who cannot afford to full cash, happy to say I managed to keep within those guidelines when I bought my first flat last year.

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Maybe that's why I think she talk some sense, but I never go read her investing advice :ph34r:

tonight if i strike toto

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tomorrow i will start writing No BS guide to TOTO investment

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i bought 2 months ago but for own stay

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richie rich

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her timing also quite zun. if not ask her to try her luck now? see whether results will be the same?

Wah 5 properties?
Sounds to me like she was "trading" properties and should be subjected to taxes on the gains she made.

IRAS plse chor kang!

�
richie rich

U replied my last year post

Come i give praise to u haha

Wah 5 properties?
Sounds to me like she was "trading" properties and should be subjected to taxes on the gains she made.

IRAS plse chor kang!

With 100k saving buy another property

Siao now need save 300-400k

road block cleared. �interest rate up next

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Fed to end bond-buying programme in October

Move signals central bank's confidence the economy is gaining strength

�

PRINT�|EMAIL�THIS ARTICLE

Officials and academics disagree about how much, if at all, the purchases have reduced the cost of mortgages and other kinds of consumer and business loans�- PHOTO: BLOOMBERG

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[WASHINGTON] The Federal Reserve said on Wednesday that it planned to stop adding to its bond holdings in October, in a sign of its confidence that the economy is gaining strength even as the central bank gradually withdraws its support.

The decision, described in an account of the Fed's most recent policy-making meeting in June, signals the end of one of the central bank's most aggressive efforts to stimulate the economy.

The Fed, which started reducing its monthly purchases in January, said it planned to add a final US$100 billion to its holdings of Treasuries and mortgage-backed securities over the next four months, for a total of US$1.5 trillion.

But the account underscored that many Fed officials remained guarded in their optimism about the economy. It also suggested that they had not yet decided when to take an even more important step in their retreat: raising short-term interest rates for the first time since December 2008.

Investors generally expect the Fed to start raising interest rates next summer. The Fed said the decision to end bond purchases in October, rather than continuing purchases at a nominal level until the end of the year, should not be interpreted as evidence that rate increases were likely to begin sooner.

"Most participants viewed this as a technical issue with no substantive macroeconomic consequences and no consequences for the eventual decision about the timing of the first increase in the federal funds rate," the minutes said, referring to the benchmark interest rate that the Fed uses to influence borrowing costs for consumers and businesses.

Fed officials disagree about the pace of retreat in large part because they disagree about how much more monetary policy can accomplish. Five years past the end of the Great Recession, the share of adults with jobs has barely recovered, inflation remains below the level the Fed regards as healthy, and economic output remains weak.

Officials are increasingly convinced that some of this damage is permanent - or at least, that it cannot be fixed by holding down borrowing costs - but they differ on the depth of the damage.

At the June meeting of Federal Open Market Committee, they debated why the housing market weakened over the last year, whether sidelined workers would return to the labour market in large numbers, and when inflation would start to rise.

Since last year, however, they have been in firm agreement that the time has come to stop buying bonds. The purchases are intended to reduce borrowing costs for businesses and consumers, and to encourage risk-taking by investors. But the impact of the Fed's asset purchases, and similar efforts undertaken by central banks in Britain and Japan, remains highly contentious.

Officials and academics disagree about how much, if at all, the purchases have reduced the cost of mortgages and other kinds of consumer and business loans. They also disagree about the consequences. Warnings about inflation proved to be mistaken, but there is still concern the purchases have destabilised financial markets.

Officials in recent months have expressed particular concern that many investors have grown overly complacent about the Fed's plans, mistaking its predictions about the likely timing of its retreat for bankable certainties. While that sense of certainty is helping to hold down borrowing costs, officials are concerned that it will come at a price if those expectations are disappointed.

As investors have discounted the risk of losses, they have driven up asset prices in markets across the globe, raising concerns about potential bubbles.

"Low implied volatility in equity, currency and fixed-income markets, as well as signs of increased risk-taking, were viewed as an indication that market participants were not factoring in sufficient uncertainty about the path of the economy and monetary policy," the account said in describing the Fed's misgivings.

Such concern is a reason that Fed Chair Janet Yellen has sought to emphasise that the central bank's next steps depend on economic conditions.

Investors, so far, remain largely unshaken. "This concern about low volatility is somewhat ironic given that it's their policies which are responsible," said Luke Bartholomew, an investment manager at Aberdeen Asset Management.

While the minutes did not clarify when the Fed plans to start raising interest rates, they did provide some new details about the mechanics.

Before the crisis, the Fed set policy by moving the federal funds rate, which is the rate banks pay to borrow money from each other to maintain required levels of reserves in their accounts at the central bank.

But the Fed, in buying bonds from banks as part of its recent stimulus efforts, has flooded those banks with excess reserves, all but eliminating demand for interbank loans.

Fed officials are generally inclined to preserve the rate because of its familiarity as a communications tool, a point reiterated by the minutes. But future policy would be set primarily by raising the rate the Fed pays banks on excess reserves, along with a second rate it would pay to investors for short-term loans. Those two rates would be set at a fixed interval bracketing the funds rate like crutches. - NYT

The Fed's decision should not be interpreted as evidence that rate increases are likely to begin soon, says the US central bank.

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her timing also quite zun. if not ask her to try her luck now? see whether results will be the same?

�

don't u know everyone in singapore who bought a property between 2009 and 2011 are all self-proclaimed property experts

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all experts at making 100% to 300% on their equity�

wah ... every $100k can buy 1 property ...

�

�

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last 2-3 years you call agent ... agent bo eng leh

vvip launch also must go 8.00am to queue ... after viewing decision must be made within 10-15mins ... lol

�

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i very bo eng leh. Showflat now still crowded, worse than pasar malam

tonight if i strike toto

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tomorrow i will start writing No BS guide to TOTO investment

�

�

u better strike 5 times first then can qualify to write a book

�

strike 10 times u can start giving seminars and earn more than striking toto liao

Wah 5 properties?
Sounds to me like she was "trading" properties and should be subjected to taxes on the gains she made.

IRAS plse chor kang!

�

wah lau eh self pwn

U replied my last year post

Come i give praise to u haha

With 100k saving buy another property

Siao now need save 300-400k

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no need save so much

�

now save $10k can buy cambodia CBD condo�

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she can go and buy 10 more properties at one go

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don't u know everyone in singapore who bought a property between 2009 and 2011 are all self-proclaimed property experts
�
all experts at making 100% to 300% on their equity�

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i very bo eng leh. Showflat now still crowded, worse than pasar malam

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u better strike 5 times first then can qualify to write a book
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strike 10 times u can start giving seminars and earn more than striking toto liao

�
wah lau eh self pwn

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no need save so much
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now save $10k can buy cambodia CBD condo�
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she can go and buy 10 more properties at one go

Lol i think on hand she now has a lot iskandars units

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EC bad sales

As of end May 2014, 779 executive condominium (EC) units had been launched and remained unsold.

The Ministry of National Development (MND) revealed this following a written query at yesterday�s parliament session.

In the next 18 months, about 6,800 EC units are expected to be launched.

The HDB website lists 18 EC projects available throughout the country currently, out of the total of 29 ECs listed.

In April, National Development Minister Khaw Boon Wan said in a blog post more than 11,000 Singaporean families purchased ECs from Q4 2010 to the same period last year.

ECs were introduced to help Singaporeans acquire condos at very affordable prices

�

�

wah lau eh, 779 EC unsold, next 18 mths 6,800 ECs to be launched...

�

so many unsold inventory, i dunno why yesterday Frasers go and bid $320 psf for an ULU EC land in sembawang...

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So much confidence by the developer to sell out 600+ units ah?

EC cost so much who can buy with income ceiling?

EC cost so much who can buy with income ceiling?

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apparently many people can, looking at how many units were sold

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anyway income ceiling not impt. these days, very common for parents to give kids wedding ang pow of 20% downpayment for their EC

land banking .... FEO also like to land bank

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wah lau eh, 779 EC unsold, next 18 mths 6,800 ECs to be launched...

�

so many unsold inventory, i dunno why yesterday Frasers go and bid $320 psf for an ULU EC land in sembawang...

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So much confidence by the developer to sell out 600+ units ah?

�

EC still easier to sell than most condos.

land banking .... FEO also like to land bank

�

�

�

land bank EC land? i dun think it is possible

EC still easier to sell than most condos.

�

yeah, think i will go and sell EC, after the demand for overseas mm units die down� [laugh]

oopps ... i miss the EC part

anyway, developer know best ... they bid they sure got trick under their sleeve

btw, the current rule prohibit developer to launch sales at very early stage right prior to development

�

�

land bank EC land? i dun think it is possible

�

yeah, think i will go and sell EC, after the demand for overseas mm units die down�

�

Edited by Wt_know, 11 July 2014 - 02:09 PM.

opps ... i miss the EC part

anyway, developer know best ... they bid they sure got trick under their sleeve

�

�

�

smaller floor area, using cheaper materials, contractors

�

the tricks are known to everyone.�

�

But seems like nobody is bothered by the tricks, still buying esp if the quantum is "affordable"

oopps ... i miss the EC part

anyway, developer know best ... they bid they sure got trick under their sleeve

btw, the current rule prohibit developer to launch sales at very early stage right prior to development

�

�

�

got such new ruling ah?

�

wow, govt still must come up with so many measures to slow down sales?

�

how come? I thought market is coming down?

�

or is the market only seemingly coming down due to all the cooling measures? once the invisible hand is lifted, all hell will break loose?� [:)]

15 months ...

�

got such new ruling ah?

�

wow, govt still must come up with so many measures to slow down sales?

�

how come? I thought market is coming down?

�

or is the market only seemingly coming down due to all the cooling measures? once the invisible hand is lifted, all hell will break loose?�

�

Attached Thumbnails

Edited by Wt_know, 11 July 2014 - 02:48 PM.

�

u better strike 5 times first then can qualify to write a book

�

strike 10 times u can start giving seminars and earn more than striking toto liao

�

�

siao...if i know how to strike 5 times or 10 times

�

i won't bother to teach anyone

�

i will huat myself

�
�
smaller floor area, using cheaper materials, contractors
�
the tricks are known to everyone.�
�
But seems like nobody is bothered by the tricks, still buying esp if the quantum is "affordable"

�
got such new ruling ah?
�
wow, govt still must come up with so many measures to slow down sales?
�
how come? I thought market is coming down?
�
or is the market only seemingly coming down due to all the cooling measures? once the invisible hand is lifted, all hell will break loose?�

Yup, property agents will be property agents.
You just double confirm that yet again.

Whether profit or loss, i respect as long as one puts his money where his mouth is.
Instead of chwee kong lam pa song.

Edited by Throttle2, 11 July 2014 - 10:42 PM.

Cheong ah

Er do they mean cooler as in cool, cooler?

Heh eh

Huat ah singapore!

Attached Thumbnails

Edited by Throttle2, 13 July 2014 - 03:37 PM.

running out of vocabulary to use to reflect property market sentiment liao

�

from hot > warm > lukewarm > cool > frozen > what-have-you ... lol

�

Cheong ah

Er do they mean cooler as in cool, cooler?

Heh eh

Huat ah singapore!

�

Edited by Wt_know, 13 July 2014 - 09:34 PM.

running out of vocabulary to use to reflect property market sentiment liao
�
from hot > warm > lukewarm > cool > frozen > what-have-you ... lol
�
�

Yeah, bloody, lower demand, lesser demand, weaker demand now cooler demand. Wahaha.

Anyway, demand already cool than can be cooler , right?

Heehee

running out of vocabulary to use to reflect property market sentiment liao

�

from hot > warm > lukewarm > cool > frozen > what-have-you ... lol > Let It Go....

�

�

Cheong ah

Er do they mean cooler as in cool, cooler?

Heh eh

Huat ah singapore!

�

The choice of words is really astounding - muddying the already muddied waters

Yup, property agents will be property agents.
You just double confirm that yet again.

Whether profit or loss, i respect as long as one puts his money where his mouth is.
Instead of chwee kong lam pa song.

�

very true. i only respect the 911 agent who puts his money where is mouth and buy one for himself [thumbsup] ��

running out of vocabulary to use to reflect property market sentiment liao

�

from hot > warm > lukewarm > cool > frozen > what-have-you ... lol

�

�

�

yep true

�

demand is frozen

�

so cold that prices have dropped a massive 1.1% in Q2. Luckily Cooling measures still in place to ensure the demand is chilled further� [laugh]

so cold that prices have dropped a massive 1.1% in Q2. Luckily Cooling measures still in place to ensure the demand is chilled further�

�

unfortunately thats the reason why CMS will remain... a dead mkt...

property cooling measures are implemented to cool the property market for soft landing not crash ... i was told

the most deadly CMs were introduced in late 2013 ... aka TDSR and MSR

assuming it takes 2 years to cool the market for soft landing

we should only see reasonable property price by late 2015 to early 2016? [sly]

10 cooling measures from 2009 to 2013 ... really sibei cool liao

�

Attached Thumbnails

Edited by Wt_know, 14 July 2014 - 10:33 PM.

property cooling measures are implemented to cool the property market for soft landing not crash ... i was told

the most deadly CMs were introduced in late 2013 ... aka TDSR and MSR

assuming it takes 2 years to cool the market for soft landing

we should only see reasonable property price by late 2015 to early 2016?

10 cooling measures from 2009 to 2013 ... really sibei cool liao

�

�

i agree with u, assuming everything remains hunky dory

�

however, nature of property market is prone to boom and busts given real estate's inherent characteristics

�

which is why i believe despite all the collective stratospheric IQ levels of the scholars, the CMs will not engineer a soft landing, and eventual crash will happen.

�

which begs the question why the hell they bother to waste time in the meeting rooms and writing approval papers to implement 10 CMs over so many years when they should just apply shock therapy before 2010 when it was obvious that asset appreciation is unstoppable with weak CMs.

�

Probably due to political reasons, oh well� [rolleyes]

wheelock promoting panorama again

�

got another 10% or 20% cut in price this time?

�

�
i agree with u, assuming everything remains hunky dory
�
however, nature of property market is prone to boom and busts given real estate's inherent characteristics
�
which is why i believe despite all the collective stratospheric IQ levels of the scholars, the CMs will not engineer a soft landing, and eventual crash will happen.
�N
which begs the question why the hell they bother to waste time in the meeting rooms and writing approval papers to implement 10 CMs over so many years when they should just apply shock therapy before 2010 when it was obvious that asset appreciation is unstoppable with weak CMs.
�
Probably due to political reasons, oh well�

Doesnt sound like the usual you leh

wheelock promoting panorama again

�

got another 10% or 20% cut in price this time?

�

�

maybe.. for selected extremely rare pool of units only, which are also the PES units LOL

Doesnt sound like the usual you leh

�

No meh? i thought agents like to prata and flip flop here and there?

prata flipping is SOP on making prata ma

one side hot liao ... must flip

like car dealer coe high got high story coe low got low story to tell. high or low also good time to buy ... hehe

i am sure developer has their own story ... no discount choice unit ... got discount is low level, poor facing, bigger unit with gigantic balcony/PES & void space

Edited by Wt_know, 15 July 2014 - 11:09 AM.

I like PES units le, got extra 20% off ar?

I like PES units le, got extra 20% off ar?

�

got

�

extra 20% discount off the PSF price of normal units

�

got

�

extra 20% discount off the PSF price of normal units

�

Any details online about this?

�

Any details online about this?

�

my comment was in jest only lah

�

PM me if u want to know the rough pricing, i think it is almost the same as before.

36% ai mai?

�

wheelock promoting panorama again

�

got another 10% or 20% cut in price this time?

�

�

Attached Thumbnails

Edited by Wt_know, 15 July 2014 - 04:33 PM.

alamak ... JC kena whacked left right center

�

Is the 3-3-5 rule unrealistic?

�

you buy a rolex not because you can afford a rolex with 50 months zero interest installment (ie: take 35 years loan to buy a $1.2M property)

you buy a rolex because you can afford more than a rolex (in full cash of course)

�

Why do the 99% always complain that they�ve no money or no money to invest?
�

One of the habits that is common among all wealthy people is that they live below their means. This means that they buy a small car when then can afford a medium sized car, then buy a medium sized car when they can afford a big car, they buy a big car when they can afford a small helicopter and they buy the helicopter when they can afford the private jet. They�re not eager to own expensive toys to boast to the world that they�ve arrived.

Edited by Wt_know, 15 July 2014 - 04:42 PM.

came across this website for checking of traffic conditions at the checkpoints. Able to see second link till the Malaysia Custom side

�

http://www.checkpoint.sg/

Edited by Dafansu, 15 July 2014 - 06:00 PM.

alamak ... JC kena whacked left right center
�
Is the 3-3-5 rule unrealistic?
�
you buy a rolex not because you can afford a rolex with 50 months zero interest installment (ie: take 35 years loan to buy a $1.2M property)
you buy a rolex because you can afford more than a rolex (in full cash of course)
�

Brother, wait people say you haolian hor.

haha ... no la
even the writer says 3-3-5 rule is for play safe. cheong type every $100k can buy 1 property liao. different folk different stroke. in this scenario every $100k buy lagi haolian leh

Edited by Wt_know, 15 July 2014 - 07:04 PM.

haha ... no la
even the writer says 3-3-5 rule is for play safe. cheong type every $100k can buy 1 property liao. different folk different stroke. in this scenario every $100k buy lagi haolian leh

Yah if can buy medium size car, but instead buy small size car is prudent.
Here, is opposite , can buy medium size car but instead borrow more and longer to buy big size car..

Wahahahahahahaha!

If everybody follow 3-3-5 rule, there'll be less stress on this island.

36% ai mai?
�
�

I m mere peasant. Cannot afford such atas housing

Thanks for sharing the lobang though

36% ai mai?

�

�

�

wow 36%!

�

wait... are they saying that the price before discount starts from $2,000 psf for a penthouse or PES unit??�

�

[laugh] � [laugh] � [laugh]

36% discount to selling price is really a huge discount. Is this for real? 36% from the listed price or last transacted price?

36% discount to selling price is really a huge discount. Is this for real? 36% from the listed price or last transacted price?

�

look at the ad..

�

it says UP TO 36%

�

Prices FROM $1,300 psf

�

in all likelihood, the price is probably about the same as other neighbouring developments ($1,500 psf for typical units)

�
look at the ad..
�
it says UP TO 36%
�
Prices FROM $1,300 psf
�
in all likelihood, the price is probably about the same as other neighbouring developments ($1,500 psf for typical units)

You should know better that in a weak attempt to hold PSF numbers, they absorb all sorts of duties and give vouchers etc.....

�

i agree with u, assuming everything remains hunky dory

�

however, nature of property market is prone to boom and busts given real estate's inherent characteristics

�

which is why i believe despite all the collective stratospheric IQ levels of the scholars, the CMs will not engineer a soft landing, and eventual crash will happen.

�

which begs the question why the hell they bother to waste time in the meeting rooms and writing approval papers to implement 10 CMs over so many years when they should just apply shock therapy before 2010 when it was obvious that asset appreciation is unstoppable with weak CMs.

�

Probably due to political reasons, oh well�

�

Cos they are stoopid? Ever thought of that? [:p]

You should know better that in a weak attempt to hold PSF numbers, they absorb all sorts of duties and give vouchers etc.....

�

All these gifts are just sweeteners. Perhaps a few percent of the transacted value.

�

Maybe U are seeing big 6 figure rebates for super prime property, but i just dabble in average salary man market aka mass market and so far the usual incentives are like $40K ang pow or maybe lucky draw to win a car (without COE hor)

�

Or maybe it is because my colleagues are so good at selling that developer is very happy with our sale rate� [laugh] � [laugh]

�

Cos they are stoopid? Ever thought of that?

�

stupid? cannot be ah

�

Many are from MIT, Cornell, Imperial etc

�

Maybe the better term is "no common sense"�

�
All these gifts are just sweeteners. Perhaps a few percent of the transacted value.
�
Maybe U are seeing big 6 figure rebates for super prime property, but i just dabble in average salary man market aka mass market and so far the usual incentives are like $40K ang pow or maybe lucky draw to win a car (without COE hor)
�
Or maybe it is because my colleagues are so good at selling that developer is very happy with our sale rate� �

�

Yes you are right, developer is loving you and your colleagues with your sale rate.
Huat ah!

Yes you are right, developer is loving you and your colleagues with your sale rate.
Huat ah!

�

i think nicholas mak or one of these experts said that developers would rather give 5% commission to agents than to give 5% discount on the price as the discount will not attract the buyer but to agents 5% is a lot of money and they will work a lot harder to bring buyers in!�

�

hope to huat more!�

�

[thumbsup] � �

�
i think nicholas mak or one of these experts said that developers would rather give 5% commission to agents than to give 5% discount on the price as the discount will not attract the buyer but to agents 5% is a lot of money and they will work a lot harder to bring buyers in!�
�
hope to huat more!�
�
� �

Sounds good, can i be an agent too?

�

i think nicholas mak or one of these experts said that developers would rather give 5% commission to agents than to give 5% discount on the price as the discount will not attract the buyer but to agents 5% is a lot of money and they will work a lot harder to bring buyers in!�

�

hope to huat more!�

�

� �

�

not really lah.

�

one agent was showing me a place to recommend to my boss. he was careless and left the paperwork on the table (in full view hor, i never open his file) and comm stated was 4% if he closes.�

�

needless to say, didnt bother to close the deal since the cost is simply being pushed to us.

�

i know agents got to make a living, but it cant all be at the expense of the investor as well ...

�

(been bitten once as an agent lied that he was getting 1%, but unfortunately for him, when the seller's lawyer was doing the paperwork, they had me prepare the cashier order for his comm as part of completion ... turns out it was 3%. not saying we didnt get a good deal, but after he lied to my boss's face, we stopped dealing with him)

�
not really lah.
�
one agent was showing me a place to recommend to my boss. he was careless and left the paperwork on the table (in full view hor, i never open his file) and comm stated was 4% if he closes.�
�
needless to say, didnt bother to close the deal since the cost is simply being pushed to us.
�
i know agents got to make a living, but it cant all be at the expense of the investor as well ...
�
(been bitten once as an agent lied that he was getting 1%, but unfortunately for him, when the seller's lawyer was doing the paperwork, they had me prepare the cashier order for his comm as part of completion ... turns out it was 3%. not saying we didnt get a good deal, but after he lied to my boss's face, we stopped dealing with him)

Actually it doesnt matter what agents comm is, just be like Porker.....give low low ball ball on price
Becos no matter what, agents will still take a cut, and its their right.

Edited by Throttle2, 16 July 2014 - 05:57 PM.

Sounds good, can i be an agent too?

�

Can, anyone can be an agent. Barrier to entry is low.

�

But u probably won't do well given your disdain for prata

�

not really lah.

�

one agent was showing me a place to recommend to my boss. he was careless and left the paperwork on the table (in full view hor, i never open his file) and comm stated was 4% if he closes.�

�

needless to say, didnt bother to close the deal since the cost is simply being pushed to us.

�

i know agents got to make a living, but it cant all be at the expense of the investor as well ...

�

(been bitten once as an agent lied that he was getting 1%, but unfortunately for him, when the seller's lawyer was doing the paperwork, they had me prepare the cashier order for his comm as part of completion ... turns out it was 3%. not saying we didnt get a good deal, but after he lied to my boss's face, we stopped dealing with him)

�

i'm normally upfront to clients about my comm. Why not, since it is the developers who are paying, not the buyers.

�

As for working with brokers, my advice is always assume that they are pushing the deal which pays them more comm

�

so do your own homework and take their advice with a handful of salt

while driving listen to the radio the host ask the so called property analyst si mi tai ji for jun low sales.

as usual the analyst said due to jun holiday and world cup ... no one go showroom and developer also did not launch/release many units

then the host ask the analyst .... what is the upcoming direction for property

then the property analyst answer ... property buying sentiment especially for investment had dampen significantly including smaller unit aka shoebox

�

nabei .... 2-3 years ago ... property investment is the way to go

�

1. small quantum ... $650k-$700k a pop .... long term no sweat

2. low interest

3. singapore being land scarce ... property investment is sustainable

4. property investment is still considered as one of the safest investment compare to many other investment tools

�

now change tune like change underwear

�

1. interest is expected to rise ... this will be a challenge for investor to service their loan

2. investor especially local might overstretch themselves if they hold multiple properties

3. not easy to let out unit and some left their shoebox vacant and yet still need to finance the mortgage

4. facing rental pressure resulting lower rental than expected and need to top up cash every month to service loan

�

nabei ... same shit different smell 2-3 years ago and now

�

if 2-3 years ago ... advicing people to invest in property ... isn't now is a better time to invest since the price had soften 10-15%?

�

2 years ago ... sky high price ... good to invest

now ... price soften ... be cautious and don't jump in immediately

isn't invest now is better than the robert invested 2-3 years ago?

�

wakao smlj advice

Edited by Wt_know, 16 July 2014 - 07:25 PM.

while driving listen to the radio the host ask the so called property analyst si mi tai ji for jun low sales.
as usual the analyst said due to jun holiday and world cup ... no one go showroom and developer also did not launch/release many units
then the host ask the analyst .... what is the upcoming direction for property
then the property analyst answer ... property buying sentiment especially for investment had dampen significantly including smaller unit aka shoebox
�
nabei .... 2-3 years ago ... property investment is the way to go
�
1. small quantum ... $650k-$700k a pop .... long term no sweat
2. low interest
3. singapore being land scarce ... property investment is sustainable
4. property investment is still considered as one of the safest investment compare to many other investment tools
�
now change tune like change underwear
�
1. interest is expected to rise ... this will be a challenge for investor to service their loan
2. investor especially local might overstretch themselves if they hold multiple properties
3. not easy to let out unit and some left their shoebox vacant and yet still need to finance the mortgage
4. facing rental pressure resulting lower rental than expected and need to top up cash every month to service loan
�
nabei ... same shit different smell 2-3 years ago and now
�
if 2-3 years ago ... advicing people to invest in property ... isn't now is a better time to invest since the price had soften 10-15%?
�
2 years ago ... sky high price ... good to invest
now ... price soften ... be cautious and don't jump in immediately
isn't invest now is better than the robert invested 2-3 years ago?
�
wakao smlj advice

You said it, smlj advice.....wahahahaha.

Actually it doesnt matter what agents comm is, just be like Porker.....give low low ball ball on price
Becos no matter what, agents will still take a cut, and its their right.

�

of course. i dont disagree. a lot work hard for their comm.

�

but when they blatantly tell u cannot push down the price cos their comm "is so low, less than 1% only" and then turn around and its far, far higher, it tells you a lot about integrity.

�

we got no issue paying higher comm either if its our deal. but the problem is the clear lying. builds mistrust at the offset.

I am very sad to say, I have never come across a good and reliable property agent. I am guessing that the good property agents cannot survive and have to move on to another type of job. The last agent I had high hopes for her because she always include a bible verse in her email. Turn out, no better than the others. I hope the authorities can improve the quality of the agents here. This goes for insurance agents too. Once you pay, you seldom see them anymore. I sincerely hope this is just my bad luck and others do not have not similar experience.

Latest Updates

I am very sad to say, I have never come across a good and reliable property agent. I am guessing that the good property agents cannot survive and have to move on to another type of job. The last agent I had high hopes for her because she always include a bible verse in her email. Turn out, no better than the others. I hope the authorities can improve the quality of the agents here. This goes for insurance agents too. Once you pay, you seldom see them anymore. I sincerely hope this is just my bad luck and others do not have not similar experience.

Experience is similar, not your bad luck...,

I am very sad to say, I have never come across a good and reliable property agent. I am guessing that the good property agents cannot survive and have to move on to another type of job. The last agent I had high hopes for her because she always include a bible verse in her email. Turn out, no better than the others. I hope the authorities can improve the quality of the agents here. This goes for insurance agents too. Once you pay, you seldom see them anymore. I sincerely hope this is just my bad luck and others do not have not similar experience.

Experience is similar, not your bad luck...,

Attached Thumbnails

I am very sad to say, I have never come across a good and reliable property agent. I am guessing that the good property agents cannot survive and have to move on to another type of job. The last agent I had high hopes for her because she always include a bible verse in her email. Turn out, no better than the others. I hope the authorities can improve the quality of the agents here. This goes for insurance agents too. Once you pay, you seldom see them anymore. I sincerely hope this is just my bad luck and others do not have not similar experience.

Insurance agent may be different though. I believe many of them get commission on monthly basis for the amount of long term insurance that they sold such as life insurance, so if the customers cancel them, they'll lose part of their monthly commission, and this commission will be ongoing if after they retire or quit their job, this is hearsay only, need some agent to clarify.

Actually it doesnt matter what agents comm is, just be like Porker.....give low low ball ball on price
Becos no matter what, agents will still take a cut, and its their right.

�

Wah don't like that leh like very bad to low ball. It's natural to squeeze. You don't love the taste of blood when doing business meh? :wub:

�

Wah don't like that leh like very bad to low ball. It's natural to squeeze. You don't love the taste of blood when doing business meh?

�

u not a porker lah, u a shark. lol

�

but yes, it's only a great deal if the seller, buyer and agent all feel they got the best deal ... lol.

�

u not a porker lah, u a shark. lol

�

but yes, it's only a great deal if the seller, buyer and agent all feel they got the best deal ... lol.

�

Yeah nobody likes to get shafted so shaft people first! LOL

�

Yeah nobody likes to get shafted so shaft people first! LOL

�

cant disagree.�

Insurance agent may be different though. I believe many of them get commission on monthly basis for the amount of long term insurance that they sold such as life insurance, so if the customers cancel them, they'll lose part of their monthly commission, and this commission will be ongoing if after they retire or quit their job, this is hearsay only, need some agent to clarify.

�

Nope.� Insurance agents only earn the first year or 2nd year of the commission from the life or investment policy and not much too.� For General insurance, yes they will earn every year you renew the policy but not much too, they averagly 10 to 15% depending on the type of policy.�

�

Last time insurance earn alot of money but now not easy liao since everywhere is flooded with agents and the commission getting lesser and lesser liao.� Imagine for life and investment, they only buy from you once and you earn only for the first year and you have to service them for life.

�

For general insurance renewal,� some customers so lazy to make payment themselves and they will call you to collect cash or cheque from them, every time you meet them you have to buy them lunch or dinner.�
�

�

of course. i dont disagree. a lot work hard for their comm.

�

but when they blatantly tell u cannot push down the price cos their comm "is so low, less than 1% only" and then turn around and its far, far higher, it tells you a lot about integrity.

�

we got no issue paying higher comm either if its our deal. but the problem is the clear lying. builds mistrust at the offset.

�

what's low comm gotta do with pushing down price?

�

Did u ask him to give u further discount from his own pocket?

�

what's low comm gotta do with pushing down price?

�

Did u ask him to give u further discount from his own pocket?

�

he ask to take pity on him lo. saying not earning $, and if below that offer price, supposedly the seller wont accept. he work very hard la, bla bla bla. (actually, my boss is the one who found the property details, we did our own checking and gave him the offer price. he didnt do jack shit, in fact, i probably did more work at the back end of things before calling him ..)

�

so my boss felt bad for him. (big mistake, i know ...)

�

this biz .. i've learnt one thing ... its hard to feel pity. whether agent, tenant or seller ... come across wayyyy too many cases of dishonesty or people trying to weasel their way out of things.

How to offer low low ball ball?

How to offer low low ball ball?

�

How much you selling your E36 coupe?

For you special price 100k

actually srs question, how much shd one usually negotiate down when viewing a property? 10-20%? Or just ka ka lai whack down 30% and risk getting kicked out?

Edited by Mockngbrd, 17 July 2014 - 04:44 PM.

For you special price 100k

actually srs question, how much shd one usually negotiate down when viewing a property? 10-20%? Or just ka ka lai whack down 30% and risk getting kicked out?

There really isnt a standard how much to nego.
As long as you have done your homework on the place, go ahead and make a firm bid for it.
Many selling agents jack up the price anyway.
Or perhaps i should say all, becos they know people will nego.
So most prices you see being advertised especially on certain websites are inflated.

I usually bring my checkbook along and make my bid with a piece of signed paper instead of my mouth.
Likewise, when i sell, i ask for a signed check if the fella is serious.

while driving listen to the radio the host ask the so called property analyst si mi tai ji for jun low sales.

as usual the analyst said due to jun holiday and world cup ... no one go showroom and developer also did not launch/release many units

then the host ask the analyst .... what is the upcoming direction for property

then the property analyst answer ... property buying sentiment especially for investment had dampen significantly including smaller unit aka shoebox

�

nabei .... 2-3 years ago ... property investment is the way to go

�

1. small quantum ... $650k-$700k a pop .... long term no sweat

2. low interest

3. singapore being land scarce ... property investment is sustainable

4. property investment is still considered as one of the safest investment compare to many other investment tools

�

now change tune like change underwear

�

1. interest is expected to rise ... this will be a challenge for investor to service their loan

2. investor especially local might overstretch themselves if they hold multiple properties

3. not easy to let out unit and some left their shoebox vacant and yet still need to finance the mortgage

4. facing rental pressure resulting lower rental than expected and need to top up cash every month to service loan

�

nabei ... same shit different smell 2-3 years ago and now

�

if 2-3 years ago ... advicing people to invest in property ... isn't now is a better time to invest since the price had soften 10-15%?

�

2 years ago ... sky high price ... good to invest

now ... price soften ... be cautious and don't jump in immediately

isn't invest now is better than the robert invested 2-3 years ago?

�

wakao smlj advice

�

wat talking u sia?

�

of course advice 2-3 yrs ago is the not the same as today lah

�

real estate moves in cycle

�

2-3 yrs from now the advice will be different too, i can guarantee u that

I usually bring my checkbook along and make my bid with a piece of signed paper instead of my mouth.
Likewise, when i sell, i ask for a signed check if the fella is serious.

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thats the only way to do it lah chop chop kari pok can close deal.�

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thats how i bought my place ... wrote the price and on the back wrote down the deadline time that way, if they fail to bank in after deadline, even they bank it in, it contravenes the deal

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by banking in they accepted my terms ma

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he ask to take pity on him lo. saying not earning $, and if below that offer price, supposedly the seller wont accept. he work very hard la, bla bla bla. (actually, my boss is the one who found the property details, we did our own checking and gave him the offer price. he didnt do jack shit, in fact, i probably did more work at the back end of things before calling him ..)

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so my boss felt bad for him. (big mistake, i know ...)

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this biz .. i've learnt one thing ... its hard to feel pity. whether agent, tenant or seller ... come across wayyyy too many cases of dishonesty or people trying to weasel their way out of things.

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well, at least u learnt the lesson

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in property investment, there is no room for pity to any of the parties involved

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but got room for relationships - the trust that is built with people who u like working with

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smaller floor area, using cheaper materials, contractors
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the tricks are known to everyone.�
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But seems like nobody is bothered by the tricks, still buying esp if the quantum is "affordable"

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got such new ruling ah?
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wow, govt still must come up with so many measures to slow down sales?
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how come? I thought market is coming down?
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or is the market only seemingly coming down due to all the cooling measures? once the invisible hand is lifted, all hell will break loose?�

not really on inferior material used.. it really boils down to each developer. I seen friends condo by Fraiser centrepoint, and another friend's EC also by Fraiser centrepoint.. both looks similar and material and workmanship quality same same.. difference is in pricing and location of the 2 project.

I can't say the same for the China developer..

I personally wouldn't buy them scared by what I watched on those China tv channels about their quality so can't imagine putting hundreds of K of millions in a sour unit haha

I am very sad to say, I have never come across a good and reliable property agent. I am guessing that the good property agents cannot survive and have to move on to another type of job. The last agent I had high hopes for her because she always include a bible verse in her email. Turn out, no better than the others. I hope the authorities can improve the quality of the agents here. This goes for insurance agents too. Once you pay, you seldom see them anymore. I sincerely hope this is just my bad luck and others do not have not similar experience.

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Hmm I should include a bible verse in my e-mails to garner more trust it seems...

Maybe can start with my posts in MCF [laugh]

I also believe it takes a certain type of person with specific personality to do well as a property agent. Just imagine if you have the luck to match a buyer and a seller, each and every time, on the first or second viewing. Collecting one percent commission from each million dollar deal. No wonder I noticed many property agents drive expensive cars.

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We study so hard and nowadays got to work equally hard. We work like cows (gu) until end of the month to collect a pittance salary.

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Look at these property agents show a few flats and walk abit already cry mother and cry father that very hard to earn the commission. Sometimes I want to tell them, look at the uncle and auntie cleaning plates for 8-12 hours a day and earn less than $1K each month.

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Earning so much in such a short time, the very least these majority of property agents can do is do an honest day work. Is this asking too much?

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This reminds me of 2nd hand car dealers. Another group of people�I would never trust. I remember buying my car, they said no accident. A few months later under the hot sun, there was fading at the boot area. Brought it to AD, the took the carpet out from the boot and show me the repairs and welding made. I brought the car back to the 2nd hand car dealer, the dealer can never be contacted or found. The rest of the staff just act blur.

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cannot say like that la ... no pain no gain (for worker) .... no risk no gain (for agent)

what if 6 months also cannot close 1 deal, how? eat bread and drink water

still need to wear suit and walk under the sun to bring potential buyer to view house

and in today context the competition is so stiff that even you work 8-12 hours per day also cannot close deal

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We study so hard and nowadays got to work equally hard. We work like cows (gu) until end of the month to collect a pittance salary.

�

Look at these property agents show a few flats and walk abit already cry mother and cry father that very hard to earn the commission. Sometimes I want to tell them, look at the uncle and auntie cleaning plates for 8-12 hours a day and earn less than $1K each month.

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Edited by Wt_know, 17 July 2014 - 10:22 PM.

cannot say like that la ... no pain no gain (for worker) .... no risk no gain (for agent)
what if 6 months also cannot close 1 deal, how? eat bread and drink water
still need to wear suit and walk under the sun to bring potential buyer to view house
and in today context the competition is so stiff that even you work 8-12 hours per day also cannot close deal
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Are you sure, dude?

Got people say that at all showflats, every agent everyday got plenty sales, huat until can drink $600 bottle champagne like ice cream soda leh......

property agent very well rewarded for being a "tour guide"

true true ... when the market is good ... agent is making few hundred ks in a year ... even hitting million dollar table

that's why ... good year make a killing ... not so good year ... stay low and can also spend quality family time

ups and downs ma ... the only problem is those make money in good year and drink $600 ice cream soda ... lol

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i personally know a case ... a car agent ... during good time when coe was low

sell conti car like sell cup cake ... i suspect he made $20k-$30k a month ... that 1-2 year made at least $500k liao

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Are you sure, dude?

Got people say that at all showflats, every agent everyday got plenty sales, huat until can drink $600 bottle champagne like ice cream soda leh......

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Edited by Wt_know, 17 July 2014 - 10:49 PM.

For you special price 100k

actually srs question, how much shd one usually negotiate down when viewing a property? 10-20%? Or just ka ka lai whack down 30% and risk getting kicked out?

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I offer $5,000. That's a low ball offer.

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To answer your serious question: Do your homework. Have your own willing-to-buy price after your homework is done. Your valuation of the property will not be the same as others'. Work towards an acceptable price for both parties thereafter.

For you special price 100k

actually srs question, how much shd one usually negotiate down when viewing a property? 10-20%? Or just ka ka lai whack down 30% and risk getting kicked out?

Got one house 1.3m, i offer 1.2m still don't give

Ended up offering 1.25m, still don't give, arshole owner

why not just throw in the balance $50k? hehe ...

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Got one house 1.3m, i offer 1.2m still don't give

Ended up offering 1.25m, still don't give, arshole owner

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Got one house 1.3m, i offer 1.2m still don't give

Ended up offering 1.25m, still don't give, arshole owner

Dont give then dont buy lah.
But if you gian then just pay lah

No different from buying a car really.

why not just throw in the balance $50k? hehe ...
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Cannot throw again and again right?
For me i only move once. Whether sell or buy.
I will bid or offer my best genuine price first.
When reply is given, i will decide one final time on price and thats it.
Beyond that, its pure nego without any change in price.
If both parties cannot agree, then too bad, just walk.
No problem

Cannot throw again and again right?
For me i only move once. Whether sell or buy.
I will bid or offer my best genuine price first.
When reply is given, i will decide one final time on price and thats it.
Beyond that, its pure nego without any change in price.
If both parties cannot agree, then too bad, just walk.
No problem

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that's the thing abt property, some people haven't learnt that they shouldnt fall in love with bricks and mortar.

Dont give then dont buy lah.
But if you gian then just pay lah

No different from buying a car really.

Damn c0cky sia. I already raise alot actually from my initial offer 1.15m but his price never went down.

why not just throw in the balance $50k? hehe ...
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No if throw another 50k i find the house no longer a good deal

No if throw another 50k i find the house no longer a good deal

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You're very cute. 50k out of $1.3mil is 3.8% rounded up. You haggle over a mere 3.8%?

Edited by Porker, 18 July 2014 - 01:48 PM.

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You're very cute. 50k out of $1.3mil is 0.004% rounded up. You haggle over a mere 0.004%?

Eh u count wrongly la

Its about 4% not 0.004%, if i buy 2-3 mio property 50k would mean nothing

Moreover what i offer is the valuation price which is 1.25m. I think thats reasonable even though house got reno but like many people said reno doesnt count into house price

Eh u count wrongly la

Its about 4% not 0.004%, if i buy 2-3 mio property 50k would mean nothing

Moreover what i offer is the valuation price which is 1.25m. I think thats reasonable even though house got reno but like many people said reno doesnt count into house price

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Sorry lah I edited already muayhahaha.

mycarforum

Thứ Tư, 4 tháng 1, 2017

Rupiah/Rupee at risk, SG/HK risk property bubble part 31

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