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Thread: Does this make sense?

  1. #1
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    Default Does this make sense?

    At an average price of $1747 per square foot for a 99 year leasehold condo in Bishan area. Are Singaporeans stupid?

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    Deregistered allenleonhart's Avatar
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    Default Re: Does this make sense?

    Quote Originally Posted by ricohflex View Post
    At an average price of $1747 per square foot for a 99 year leasehold condo in Bishan area. Are Singaporeans stupid?
    no. just rich. most of the time they will sell before time is up la...

    bishan also accessible what. u haven't seen those studio apartments at city area the price

  3. #3

    Default Re: Does this make sense?

    make sense........ but not for the faint heart.....
    Eat breath LIVERPOOL!!!

  4. #4

    Default Re: Does this make sense?

    Don't forget the 900k Bishan resale HDB flat.....

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    Senior Member edutilos-'s Avatar
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    Default Re: Does this make sense?

    Quote Originally Posted by ricohflex View Post
    At an average price of $1747 per square foot for a 99 year leasehold condo in Bishan area. Are Singaporeans stupid?
    I think it's up to them.

    You think they're silly, they think they're not. You think people in the Hello Kitty queue are silly, they think they're not. And the list goes on.

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    Moderator ed9119's Avatar
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    Default Re: Does this make sense?

    I'm sure both buyer and seller thought they were very smart and that the other party was stupid
    shaddap and just shoot .... up close
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    Default Re: Does this make sense?

    A cautionary view. 3 Lessons From the Sky Habitat Sale | MoneySmart.sg
    It is not located at White House Park or Nassim Road. It is not freehold. It is not landed.
    In Hainan Island, PRC, they have dubious property bubble of inflated prices in newly built condos that are 80% vacant.

  8. #8

    Default Re: Does this make sense?

    you're always smarter than the other person

    btw, the mock-up of the buildings.... reminds me of a slum where everyone's packed together. perhaps that's the architect's idea

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    Senior Member melvin's Avatar
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    Default Re: Does this make sense?

    Quote Originally Posted by snowc View Post
    Don't forget the 900k Bishan resale HDB flat.....
    During reccession times also goes as high as 500/600k for a 5rm! Crazy right?

  10. #10
    Senior Member melvin's Avatar
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    Default Re: Does this make sense?

    Quote Originally Posted by ricohflex View Post
    At an average price of $1747 per square foot for a 99 year leasehold condo in Bishan area. Are Singaporeans stupid?
    Haha... snice when does it ever make sense? Anyway is willing buyer willing seller lor ...

  11. #11

    Default Re: Does this make sense?

    Clearly the stupid people have more money than you are

  12. #12

    Default Re: Does this make sense?

    Quote Originally Posted by hanzohattori View Post
    Clearly the stupid people have more money than you are
    They're stupid but have more money than you?!

    Last edited by cks2k2; 27th April 2012 at 10:46 AM.

  13. #13

    Default Re: Does this make sense?

    They were thinking they will make a profit from selling it away or that they have too much money they dunno where to spend it.

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    Senior Member bonrya's Avatar
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    Senior Member giantcanopy's Avatar
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    Default Re: Does this make sense?

    Quote Originally Posted by ricohflex View Post
    At an average price of $1747 per square foot for a 99 year leasehold condo in Bishan area. Are Singaporeans stupid?
    The way I see it, pricing can only go higher.
    Limited land, ever increasing population ..

  16. #16

    Default Re: Does this make sense?

    Quote Originally Posted by giantcanopy View Post
    The way I see it, pricing can only go higher.
    Limited land, ever increasing population ..
    Developers still selling unsold units from older launches - Property Auctions News, Property Investment | PropertyGuru

    There are actually many unsold units in Singapore

    The developers are releasing the units by small batches so that the price will not come down.

    This is price manipulation by the developers to increase their own profit. Nothing to do with limited lands and increasing population since most people cannot afford these units.

    As long as the price only goes up and never come down, it make sense to buy the unit and sell at higher price a few years later.
    Last edited by Yutaka Go; 27th April 2012 at 11:58 AM.
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  17. #17

    Default Re: Does this make sense?

    Actually Singaporeans are very smart. Price will go up in the long run...

  18. #18

    Default Re: Does this make sense?

    Quote Originally Posted by ricohflex View Post
    At an average price of $1747 per square foot for a 99 year leasehold condo in Bishan area. Are Singaporeans stupid?
    Crazy, over S$2million for a 1200sqft 99yr old apartment? Are those shoebox units again?

    For the S$2M, I can buy a 7K sqft bungalow in KL by Sime Darby, brand new, FH, gated & guarded with swimming pool & 4-6carpark lots. This is considered high-end here! Or a beautiful sea-front FH apartment with 1800sqft+/- in the French Riviera.

    Back to Singapore, we'll leave the hi-end aside as those are for foreigners to speculate & invest but heartland HDBs over 10yrs old @ $900K?! I wonder how much can they rent it out for? Not a wise investment IMHO.

    I bought a 13yr old 99yr condo in the east last Dec, it has a hawker centre opp, cold storage & variety of shops while East Coast is less than 10mins away by car. 1604sqf for S$1million, comes with security & 2 carpark lots but no swimming pool etc which I don't need. MRT is less than 3km away & monthly maintenance of less than S$200 a month while rental is probably $4-5K. There are good buys out there, if you don't mind older units, non MRT & some are freehold, they can be found but wait for the opportunity.
    Last edited by NineEleven; 27th April 2012 at 12:32 PM.
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  19. #19
    Senior Member giantcanopy's Avatar
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    Default Re: Does this make sense?

    Quote Originally Posted by NineEleven View Post
    Crazy, over S$2million for a 1200sqft 99yr old apartment? Are those shoebox units again?

    For the S$2M, I can buy a 7K sqft bungalow in KL by Sime Darby, brand new, FH, gated & guarded with swimming pool & 4-6carpark lots. This is considered high-end here! Or a beautiful sea-front FH apartment with 1800sqft+/- in the French Riviera.

    Back to Singapore, we'll leave the hi-end aside as those are for foreigners to speculate & invest but heartland HDBs over 10yrs old @ $900K?! I wonder how much can they rent it out for? Not a wise investment IMHO.

    I bought a 13yr old 99yr condo in the east last Dec, it has a hawker centre opp, cold storage & variety of shops while East Coast is less than 10mins away by car. 1604sqf for S$1million, comes with security & 2 carpark lots but no swimming pool etc which I don't need. MRT is less than 3km away & monthly maintenance of less than S$200 a month while rental is probably $4-5K. There are good buys out there, if you don't mind older units, non MRT & some are freehold, they can be found but wait for the opportunity.
    As explained recently : MOS Tan Chuan Jin responds to blogger’s post gone viral - Yahoo! News Singapore

    " .. for first time buyers, you will find a range of different sized flats in non-matured estates available, with subsidies, priced affordably for your respective income levels. "

    Just have to have to set the right expectations I guess

    I agree with you that some of the older condos even FH can be better value than some of the recent offerings.

  20. #20

    Default Re: Does this make sense?

    Quote Originally Posted by giantcanopy View Post
    As explained recently : MOS Tan Chuan Jin responds to blogger’s post gone viral - Yahoo! News Singapore

    " .. for first time buyers, you will find a range of different sized flats in non-matured estates available, with subsidies, priced affordably for your respective income levels. "

    Just have to have to set the right expectations I guess

    I agree with you that some of the older condos even FH can be better value than some of the recent offerings.
    One lesson that we learnt over the last generation was to flip our flats for a profit, I didn't get the opportunity to do that but it created a bigger problem now with 5 figures COV. I sympathise with the newly weds or those who's combined household income are less than S$5000 before Cpf. To buy a flat now, it'll empty their CPF, 30yrs loan, uninspiring lifestyle, expensive medical, $90K COE so how to have kids?

    It is a privilege to own a HDB flat now.

    But I have to agree that we should be realistic about wants & needs. I grew up in a govt rented 3 roomer flat while some of my classmates squeezed 5-6 pax into a 1 room @ Macpherson. Views & amenities are the last things in our mind back then.
    Last edited by NineEleven; 27th April 2012 at 03:17 PM.
    "Like Moths, photographers gather at the sight of light" Robert Doisneau
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