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Thread: Is property price finally comes down? Anyone went property investment talk?

  1. #21
    Member 9V-Orion Images's Avatar
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    Default Re: Is property price finally comes down? Anyone went property investment talk?

    Quote Originally Posted by ernestho View Post
    I attended one talk and find it to be useful.
    Send me a mail at ernest.hokt@gmail.com and I can share my experience on the talk.
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  2. #22
    Senior Member Sion's Avatar
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    Default Re: Is property price finally comes down? Anyone went property investment talk?

    The secret of successful property investment is to follow Miyagi Sensei's advice:

    "Walk left side, safe.
    Walk right side, safe.
    Walk middle, sooner or later get squish just like grape."
    Last edited by Sion; 16th May 2014 at 01:01 AM.

  3. #23

    Default Re: Is property price finally comes down? Anyone went property investment talk?

    Aiyah attend what talk for what?

    If property prices rising, just buy, buy, buy, before they go up further beyond your reach.

    If property prices falling, just buy, buy, buy, as this is the best time to do so to get the best deals.

    The message just boils down to invest, to buy, buy, buy else where the agent's going to get his commissions!

    Me think its stealth marketing operating here
    Last edited by s1221ljc; 16th May 2014 at 11:19 PM.

  4. #24

    Default Re: Is property price finally comes down? Anyone went property investment talk?

    Pls lah, invest in property now?
    Property in sg is a joke.
    Maybe TS can share which talk he attended, so we can all avoid it like the plague.

  5. #25

    Default Re: Is property price finally comes down? Anyone went property investment talk?

    Quote Originally Posted by ArchRival View Post
    Pls lah, invest in property now?
    Property in sg is a joke.
    Maybe TS can share which talk he attended, so we can all avoid it like the plague.
    chill bro. it is not exactly a joke.

    It all depends on how you started it. It is definitely a big winner for those who have invested long long time ago, when the property is like in the 5 figures range.

    For us in the new generation, it is not exactly end of story.

    How it works>

    1) Settle down with a HDB, say 4rm flats. Estimated cost is about 300 to 350K, places like punggol or seng kang.
    2) Stay there 5 yrs, bid for another BTO
    3) When you move to your new BTO, your flat value should be in the region of 500 to 550K.
    4) Keep the profits in your bank account (est 200K)
    5) Stay at your new flat for 5 yrs
    6) Buy an industrial property that cost around 200K, rent it out.

    These day, you can get a decent industrial property space that has 30 yrs for about 200K, and rent out between 2 to 3k per mth. Work your sums from here. After you rent out for 10 yrs, including months of no one renting your space. You would have covered cost. Continue to rent out, you are on your way to get the next property.

    Before it reaches 20 yrs, sell at a decent price.

  6. #26

    Default Re: Is property price finally comes down? Anyone went property investment talk?

    Thanks for your tip.. we'll execute the strategy, thus raising the price higher

  7. #27
    Moderator Octarine's Avatar
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    Default Re: Is property price finally comes down? Anyone went property investment talk?

    Quote Originally Posted by Lawrence Quek View Post
    1) Settle down with a HDB, say 4rm flats. Estimated cost is about 300 to 350K, places like punggol or seng kang.
    2) Stay there 5 yrs, bid for another BTO
    3) When you move to your new BTO, your flat value should be in the region of 500 to 550K.
    That's the illusion that certain people try to sell. And the main reason why the property prices are far beyond reason. More than 50% value increment for housing space in 5 years? Only possible if common sense takes a long leave and greed has taken over.
    If you want to gamble go to casino. Stop ruining other people's live by completely derailing the housing market prices.
    EOS

  8. #28
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    Quote Originally Posted by Lawrence Quek View Post

    chill bro. it is not exactly a joke.

    It all depends on how you started it. It is definitely a big winner for those who have invested long long time ago, when the property is like in the 5 figures range.

    For us in the new generation, it is not exactly end of story.

    How it works>

    1) Settle down with a HDB, say 4rm flats. Estimated cost is about 300 to 350K, places like punggol or seng kang.
    2) Stay there 5 yrs, bid for another BTO
    3) When you move to your new BTO, your flat value should be in the region of 500 to 550K.
    4) Keep the profits in your bank account (est 200K)
    5) Stay at your new flat for 5 yrs
    6) Buy an industrial property that cost around 200K, rent it out.

    These day, you can get a decent industrial property space that has 30 yrs for about 200K, and rent out between 2 to 3k per mth. Work your sums from here. After you rent out for 10 yrs, including months of no one renting your space. You would have covered cost. Continue to rent out, you are on your way to get the next property.

    Before it reaches 20 yrs, sell at a decent price.
    So optimistic.. haha. If the price goes even higher then current prices when wages do not increase. .. The current govt will be on its way out.. haha.

  9. #29

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    chill...

    the market is not as you all think. let me give you a true case:
    1) 5 yrs ago, i bought my flat at 200k
    2) now avg selling price is 580K (high lvl)
    3) just across my house is a new mall that is going to be ready in a couple of months

    will price go up? i leave it to you. new flat price at this time is about 280 to 350k in my area. so if i managed to bid for that?

    after less away the resale levy, a safe gauge of at least 250k is in my bank in 3 yrs time.

    what i wrote earlier serve more of a guide, you need to factor in your location/availability of amendities and etc.

    the returns could be lesser if you factor in the above, including interests. my 200k flat is already factored in the interest.

    settle down early and get a BTO flat. spend reasonably for furnishing and reno if you are moving in 5 yrs time.

    if you go casino, is 50/50 chance you will lose money. pls dun compare investment in property as going to casino. how many ppl turn rich overnight. maybe handful.

    if your very first flat is a resale flat, high chance your ROI will be less than 50percent. but you still have 2 chances in the BTOs.

    at the end of the day, your ROI is not enough for a 2nd residential private property (even for a 1RM SoHO). prices these days are ridicuously priced of 800 to 1000 psf. consider a industrial property.

  10. #30
    Senior Member Sion's Avatar
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    Default Re: Is property price finally comes down? Anyone went property investment talk?

    Quote Originally Posted by hanzohattori View Post
    Thanks for your tip.. we'll execute the strategy, thus raising the price higher
    And all Singaporeans are eventually a winner.

  11. #31

    Default Re: Is property price finally comes down? Anyone went property investment talk?

    Wow, now the gain is $380,000 & price increased by nearly 300% in 5 years! Actually, price rise are just paper gain unless you are own a second property. If one sell the flat to cash in, its as good as downsizing.

    This is based on a lot of assumptions & presumptions. Who can guarantee prices will always continue to go up, that it will not fall back down to earth to realistic levels. Remember the 1997 economic crisis when the bubble burst??? Thousands of HDB flat owners would have gone bankrupt if the govt has not feared an election backlash & changed the laws such that owners need not pay back CPF. This is the reason why HDB loans financing are now farmed out to banks as the govt's eyes have been opened, they learned a painful lesson about the risks of property speculation & is reluctant to "hold the baby"in a crash. You can tell whatever story to attract & entice but who is to know the truth? Can you guarantee the price of industrial properties will not rise in tandem to price you out or that its not so easy to rent these out? From what I know industrial property prices have gone up also. So you suggesting everyone learn this strategy & we can all be on our way to being millionaires? Only recently, a young impresssional & nave girl was spouting this & so many other strategies she learned from some talks to me. And who doesn't know about getting rental income to finance a second property? If indeed you learned the secrets of property investments, keep them to yourself else they are no longer secrets. Perhaps you can share your experiences at such talks, rather than kopitiam here.

    If only it was so simple as ABC to make tons of money as you make it out to be. Then all of us here in CS will be rich & can buy buy buy photo gears & all
    Last edited by s1221ljc; 18th May 2014 at 08:46 AM.

  12. #32

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    there is no such thing as guarrantee. and as i said, it is more of a guide and also depends on when you enter the property market.

    currently the price is stable and hdb resale market's cov is low or even zero. it will take a while before demands picked up.

    there are always buyers in the market. as long as you dont lose money when you sell, it's alright. make money slow but gradual. you dun really earn much from selling as compare to collecting rental.

    most people do not have ready cash/capital to invest, so start with hdb bto. when you sell, factor in resale levy, stamp fees and even property agent commisson if you intend to get one. it's 2 percent commission fyi. i rather save the almost 10k and sell the flat myself. and dun forget the interest to be paid back to cpf for the money that was used to pay for your flat.

    there is guide frm hdb website on how to sell your flat. is whether you want to work hard only.

    anyway, dont get too upbeat about it. when you are living in your 2nd bto flat, then you better start to work out how to get regular passive income to fund your private property (if that's your goal).

  13. #33

    Default Re: Is property price finally comes down? Anyone went property investment talk?



    His face is so funny.


    Anyway.....sg is now pretending to consider building nuclear reactor.
    Wait until they officially announce 1-2 decades later, all the FTs will SSS.
    But by then, i'm not sure if i want to BBB.

  14. #34
    Senior Member Sion's Avatar
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    Default Re: Is property price finally comes down? Anyone went property investment talk?

    Quote Originally Posted by ArchRival View Post
    Anyway.....sg is now pretending to consider building nuclear reactor.
    Wait until they officially announce 1-2 decades later, all the FTs will SSS.
    But by then, i'm not sure if i want to BBB.
    Nuclear reactor will be good for us. But don't know what Indons and Malays will think about that.

  15. #35

    Default Re: Is property price finally comes down? Anyone went property investment talk?

    Quote Originally Posted by Sion View Post
    Nuclear reactor will be good for us. But don't know what Indons and Malays will think about that.
    Totally agree. Nuclear reactor for sg is fantastic idea.
    Hope someone from duty-free shop gets to run it. Lots of commercial opportunities there.

  16. #36

    Default Re: Is property price finally comes down? Anyone went property investment talk?

    Quote Originally Posted by ArchRival View Post
    Totally agree. Nuclear reactor for sg is fantastic idea.
    Hope someone from duty-free shop gets to run it. Lots of commercial opportunities there.
    "Nuclear power tax" levied on households to prevent nuclear power station from meltdown. 1 month $200.
    If maintenance standards fall -> increase meltdown-levy
    宁愿遇见丢失幼崽的母熊,也不愿碰上做蠢事的愚人

  17. #37

    Default Re: Is property price finally comes down? Anyone went property investment talk?

    Quote Originally Posted by ArchRival View Post
    Anyway.....sg is now pretending to consider building nuclear reactor.
    After the most recent Fukushima nuclear disaster, the consideration or feasibility studies to build a nuclear plant in Singapore will take a long time. Maybe some of us won't be around to see it.

    Therefore, why worry or loss sleep over something that may not take place eventually.

  18. #38

    Default Re: Is property price finally comes down? Anyone went property investment talk?

    Many people complaint that HDB flats are over priced. But why are their still buyers? Some of you may have pointed out that it is due to greed to make fast cash or money from properties. The truth is how many of us belong to this category? It is only that this group of people must be sufficiently large enough to form the market. Demand and supply at work. This clearly shows that a large % of Singaporeans wanted to make money from properties or at least see their properties appreciate in values over time.

    Too bad, I don't have spare cash to invest in second property. But that doesn't mean others are like me, cash poor.

    One member has pointed that it is crazy that a HDB flat has appreciated over 100% in a span of 5 years. Unfortunately, this is a hard truth. I understand that some of us may not be able to apprehend such situation. Go to HDB website to see the price trends of all the completed BTOs and what happened after 5 years and thereafter.

    This spike in property prices is purely driven by our government in my opinion. If you have monitored what our government is doing on property markets since independence from 1965 till todate, you will know that this is the path that Singapore will be heading.

    If you have the chance to meet property investors - those who make it as well as those who failed, you will know why some make it while some didn't make it. Global financial crisis is not an excuse for failure. In fact, I have seen many people made millions from properties during the financial crisis. In the most recent 2007/2008 Leman Brothers crisis, a friend of mine bought a landed property at $700K++ from someone who failed. Over price? You do your own research in order to draw your own conclusion. After 5 years from the crisis, that landed property is worth more than $2m. He make it because he did his own financial calculation, property research, trend analysis, etc. One word of wisdom from him, if you can hold the property no matter in what situations, you will make it eventually (only true in Singapore due to our government). Holding power is the key to success. You many not agree with him. It's alright. Anyway, he has already made his first million, that's matter.

  19. #39
    Member Bukitimah's Avatar
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    Let me share my take on this. HDB is the base. Everyone of us need a home and HDB is the only choice since there is no rental unit and of course for those that can afford private, no need to consider HDB. So HDB price will stay unless everybody is moving out of Singapore soon.

    Crisis you invest. No need to buy property, buy shares and it is faster. BUT when there is a crisis, you still have spares to invest or need to keep for the crisis? So this is the opportunity for the rich not the average person.

    Back to property. Many are paying through their nose to own a piece of so called priced property. They work like hell to pay the mortgage. End of the day, did they get to enjoy life? What is point to have all the nice things but you spend you days in the office and just go home to sleep? The winner is the developers and rich because you are working for them to be richer.

    It is what you consider as quality in life that is most important and not what you have but didn't make use.

  20. #40
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    Default Re: Is property price finally comes down? Anyone went property investment talk?

    Quote Originally Posted by Lawrence Quek View Post
    chill bro. it is not exactly a joke.

    It all depends on how you started it. It is definitely a big winner for those who have invested long long time ago, when the property is like in the 5 figures range.

    For us in the new generation, it is not exactly end of story.

    How it works>

    1) Settle down with a HDB, say 4rm flats. Estimated cost is about 300 to 350K, places like punggol or seng kang.
    2) Stay there 5 yrs, bid for another BTO
    3) When you move to your new BTO, your flat value should be in the region of 500 to 550K.
    4) Keep the profits in your bank account (est 200K)
    5) Stay at your new flat for 5 yrs
    6) Buy an industrial property that cost around 200K, rent it out.

    These day, you can get a decent industrial property space that has 30 yrs for about 200K, and rent out between 2 to 3k per mth. Work your sums from here. After you rent out for 10 yrs, including months of no one renting your space. You would have covered cost. Continue to rent out, you are on your way to get the next property.

    Before it reaches 20 yrs, sell at a decent price.
    bro, just wondering, by the time you got all these, how old are you already huh?

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