Page 2 of 18 FirstFirst 1234712 ... LastLast
Results 21 to 40 of 343

Thread: Your views on the current surging property market

  1. #21

    Default Re: Your views on the current surging property market

    Quote Originally Posted by Sion View Post
    I've heard some people rent in Singapore but buy house in Malaysia.

    After retirement take CPF out and live in Malaysia where things are cheaper.

    Good strategy or not?
    Thing are not cheap in Malaysia so it is not a good strategy

  2. #22
    Senior Member
    Join Date
    Jan 2005
    Location
    Land of the Teddy Bear
    Posts
    2,324

    Default Re: Your views on the current surging property market

    doubt the price for HDB will drop.... they are well control by HDB themselve, if market bad, they will hold the price, when market good, the valuation price will goes up...

  3. #23
    Senior Member melvin's Avatar
    Join Date
    Jun 2005
    Location
    TPY
    Posts
    2,681

    Default Re: Your views on the current surging property market

    Quote Originally Posted by contaxable View Post
    This is a sure sign of inflation. Our $ is getting weaker.

    For those who are buying out of speculative purpose, remember not to cling on for too long. Next year, many things can happen as there is a saturation of several thousands new apartment for TOP.

    If the prices remain high even when there is over supply by end of 2010, it only represents a further devaluation of our currency. Invest in Gold and Silver instead as Singapore property is a hype.

    We dont call affordable housing that cost 200k for a new family struggling to pay mortgage. It's luxury living compared to many countries. But seems like we are sucked in with no better choice.
    1 of the things might happen next year maybe intrest rate to go upwards earlist maybe yr end. Might be tomorrow if FED decided to go up!

    Then those who buy....................

  4. #24
    Senior Member melvin's Avatar
    Join Date
    Jun 2005
    Location
    TPY
    Posts
    2,681

    Default Re: Your views on the current surging property market

    Quote Originally Posted by contaxable View Post
    Speculation is never kind. It believe in the worst of each scenario.

    For those who believe in properties, it is still not a wrong choice to make it an investment. We dont think about tomorrow when we believe in what we do today.

    However, the government had cautioned the outlook of 2010 for the economy and the property market. I certainly hope for the best, but the signs are not showing any better.

    The casino may have a certain push (with some billions pumped in by uncle Sam of course) to stimulate the economy. Look at Macau. The casino business is on the downtrend as high rollers had tightened their belts with a slimmer figure.

    2010 is a another exciting year indeed.
    No one will know what will happen tml.

    Casinos in the begining might have some 'impact' but down the road dun think they will be of much help although alot are punting on it look at Macau, LA their economy their everything .... and we will know if it is really going to help us on the whole.

  5. #25
    Member
    Join Date
    Apr 2002
    Location
    In Paradise
    Posts
    546

    Default Re: Your views on the current surging property market

    Ok, let's not talk about the super high-end or high-end properties (Ardmore area, Orchard area, etc).

    Take a look at the mass market projects and just look at how many projects are going to T.O.P in the next 3 years (especially 2011,2012). By then, those who bought these projects will have to sell away their HDB flat (i'm assuming most of them are HDB upgraders)..... There will be a flood of resale HDBs in the market.....

    They will either sell their HDB at a lower price or in the worst case scenario, not be able to sell at all. What happens then? Sell the new flat instead...... If the economy is good at that point in time then everything is fine..... What if we are in another recession then?

    I dread to think what will happen to those who took the full 80% financing......

  6. #26
    Member
    Join Date
    Apr 2002
    Location
    In Paradise
    Posts
    546

    Default Re: Your views on the current surging property market

    Quote Originally Posted by contaxable View Post
    Before you even look so far as 2011 and beyond, the 2010 is already a hurdle. Unemployment is a buzzword and pay cut is a blessing.

    As for HDB, the invisible hand regulates it, we need not worry about ah gong. But those stuck with too many properties under mortgage may spell trouble.

    A good gauge of demand is rent value of properties and not the price of property itself.
    Yeah.... but my question is what will happen to those HDB ugraders who can't sell their HDB flat when the new property T.O.Ps? If their HDB flats are in good areas then no problem....

    But i've seen flats in unpopular areas being put on the market for as long as a year and still unsold... Worrying....

  7. #27
    Senior Member melvin's Avatar
    Join Date
    Jun 2005
    Location
    TPY
    Posts
    2,681

    Default Re: Your views on the current surging property market

    Quote Originally Posted by NitroTech View Post
    Yeah.... but my question is what will happen to those HDB ugraders who can't sell their HDB flat when the new property T.O.Ps? If their HDB flats are in good areas then no problem....

    But i've seen flats in unpopular areas being put on the market for as long as a year and still unsold... Worrying....
    HDB upgraders they

    1) hold on to their flat if they have holding power n rent out either one

    2) sell their PTE properties or Hdb at loss.

  8. #28
    Member iMac08's Avatar
    Join Date
    Sep 2008
    Location
    Tiong Bahru,Singapore
    Posts
    1,122

    Default Re: Your views on the current surging property market

    The current HDB pricing is crazy like what you guys say. But what can we do? We still buy if we need to. And Gahment also charge higher now. The cap of 8k to buy HDB is crazy. tell me how is 8k gona comfortably support a HDB selling at 700k-resale? 8k works for brand new straight from Gahment but what what abt those resale? and the stupid DBSS unit some are selling at 400-500k. gosh. how are the young couples gonna afford. in the end most take money from papa mama.

    as much as situation is bad...we can see most singaporeans are quite cash rich as seen from the recent sales figures. i seriously dun think price will ever drop by a big margin to become more affordable. the FTs are already slowly colonising in some areas.

    all we can do is work hard and work harder to buy better places and be prudent in our spending. I was rationalising with my wife then abt where to buy. we din have a car then. we decided that if we are gonna stay in those god forsaken land....we will get a car or pump the money from the car into housing and buy somewhere better. in the end we choose the latter. i have doubts abt earning or profitting from this in future. but at least i know my defensive plan is the better areas shld be able to fetch me some rentals to cover the mortgage so won't be too bad in the end.

    our market is no longer control by us.....the rich FTs pump the private property out of control...the average FTs pump the HDB side and jack up prices in the cheaper areas...and SGP who wants to avoid staying near too many FTs all want to buy the better areas and price up again....who is the real benefitors from this vicious cycle? the last time i check..even a brand new unit from HDB at queenstown is selling half a million. i am damn sure..so sure.. that this is what we call cheap and affordable housing build for us....at this point..i almost feel like singing 'stand up for singapore'

  9. #29

    Default Re: Your views on the current surging property market

    Heh, this brings to mind an old stock broker's saying: If the taxi drivers and housewives are talking about cashing in, it's time to get out!

  10. #30

    Default Re: Your views on the current surging property market

    Hi Guys,

    really would like to comment on this issue with some personal comments
    No hard feelings to any one...

    I'v been a property agent for the last 1 year.
    I have to welcome any one of you who believe its an easy job to try it out..
    some 1 commented " bring client go view a few hse - commission 3k ~ 4k "

    Life is always greener on the other side, TRUST ME.. its hard work and more hard work & still MORE hard work involve, in sales . insurance, property etc .. agents always look like the bad person. i do agreed that there are some black sheeps as with any job..

    but most of us are nothing but same as each other . hard working guys just trying to make a living ~ Week ends burned endless hours of OT . etc. etc.

    AS PER TOPIC...

    only 1 word explains everything..

    GREED !!

    our own greed,. : Buyers complain endlessly about High Prices , Sellers complain about Not Good enough...

    Here. most who complain are looking to buy, any sellers here complaining prices are too high ?? can i see your hands ??

    Gents, I have always believe , HOME is where the heart is.. u dont need a BIg house to have a happy family who loves you... be contended and live within your means...
    3 room or 4 room... its your famly home that matters and not your size of your house..

    if you cant afford it. there will always be a place in SG u can.. instead of 5 mins from MRT.. take 15mins from MRT.... dont compare , and get on with it... life goes on.. as per car prices, COE etc.. if you cant afford it, there's always Cherry, proton , etc.. no body ask u buy HOnda..

    Cheers mate..

    once again.. this is a personal 2cents not as a property agent but as some one who has studied the Subject and is giving a very personal view..

    no offence to any one !

  11. #31

    Default Re: Your views on the current surging property market

    Quote Originally Posted by vinze View Post
    AS PER TOPIC...

    only 1 word explains everything..

    GREED !!

    our own greed,. : Buyers complain endlessly about High Prices , Sellers complain about Not Good enough...

    Here. most who complain are looking to buy, any sellers here complaining prices are too high ?? can i see your hands ??
    Yes, I agreed it is the greed that cause this problem. Who is the mother of all greed?
    Should it be the HDB suppliers? The fact is, they purposely control the supplies and pricing to the market, causing a surge in demand for the resale flat.

    Newly weds couple or couple plan to wed is having hard time to get a new/resale HDB flat without burning a BIG hole in their pocket. Maybe a 30 years loan just to get HDB flat which in the end doesn't belong to you.....

    Mind you, HDB flat doesn't really belong to you. You only "rent" from the suppliers...

  12. #32
    Senior Member melvin's Avatar
    Join Date
    Jun 2005
    Location
    TPY
    Posts
    2,681

    Default Re: Your views on the current surging property market

    Quote Originally Posted by iMac08 View Post
    The current HDB pricing is crazy like what you guys say. But what can we do? We still buy if we need to. And Gahment also charge higher now. The cap of 8k to buy HDB is crazy. tell me how is 8k gona comfortably support a HDB selling at 700k-resale? 8k works for brand new straight from Gahment but what what abt those resale? and the stupid DBSS unit some are selling at 400-500k. gosh. how are the young couples gonna afford. in the end most take money from papa mama.

    as much as situation is bad...we can see most singaporeans are quite cash rich as seen from the recent sales figures. i seriously dun think price will ever drop by a big margin to become more affordable. the FTs are already slowly colonising in some areas.

    all we can do is work hard and work harder to buy better places and be prudent in our spending. I was rationalising with my wife then abt where to buy. we din have a car then. we decided that if we are gonna stay in those god forsaken land....we will get a car or pump the money from the car into housing and buy somewhere better. in the end we choose the latter. i have doubts abt earning or profitting from this in future. but at least i know my defensive plan is the better areas shld be able to fetch me some rentals to cover the mortgage so won't be too bad in the end.

    our market is no longer control by us.....the rich FTs pump the private property out of control...the average FTs pump the HDB side and jack up prices in the cheaper areas...and SGP who wants to avoid staying near too many FTs all want to buy the better areas and price up again....who is the real benefitors from this vicious cycle? the last time i check..even a brand new unit from HDB at queenstown is selling half a million. i am damn sure..so sure.. that this is what we call cheap and affordable housing build for us....at this point..i almost feel like singing 'stand up for singapore'


    Err... the $8k cap is only when buying HDB is provided u r taking a subsidise rate from the HDB ie HDB loan and Housing Grant. If you are using bank loan etc.. No Cap limits!

    DBSS prices are determine by the private developers and they range from $400k-$700k depending on location.

  13. #33

    Default Re: Your views on the current surging property market

    Recent fiasco in property market is also caused by wealth made from stock market, currency, oil, gold, etc coupled with relative low interest rate.

  14. #34
    Senior Member melvin's Avatar
    Join Date
    Jun 2005
    Location
    TPY
    Posts
    2,681

    Default Re: Your views on the current surging property market

    Quote Originally Posted by USM View Post
    Recent fiasco in property market is also caused by wealth made from stock market, currency, oil, gold, etc coupled with relative low interest rate.
    I tought all along its like that?

  15. #35

    Default Re: Your views on the current surging property market

    Quote Originally Posted by melvin View Post
    I tought all along its like that?
    Yes, they are correlated to some extent.

    Recent rallies in stock market, currency, oil, gold, etc have made quite no. of people richer, so these people are looking into buying properties, either for upgarding or investment, etc.

    When your wallets are full of cash, you will definitely want to buy some things, like car, house, luxury goods, etc.

    For example, my friend's mum made at least $30,000 from investment in Aust$ when it plunged below S$1 a few months ago. That was a golden opportunity to invest in A$. Same stories go for Korean Won and British Pound. All rallied within a few months.

  16. #36

    Default Re: Your views on the current surging property market

    Thanks for all the inputs folks! I've learnt a bit more from everyone's contributions.
    Because of my job,I'm required to go to alot of condo showrooms n i'm still surprised everytime I step into one because of the tremendous turn out these days like macam got half price .If the developers charge for thie brochures,they will make a tonne!

    A friend told me alot of buyers are young couples who are in their 20's ,new PR's ,investors and really cash rich Indonesians .Err od course this is nothing new but it Seem like the trend these days is die -die must buy condos even for those young couples who just started their careers.Really worrying for them! Some of my young colleagues looking for a new home don't even want to consider checking out for HDB's or even DBBS flats!

  17. #37

    Default Re: Your views on the current surging property market

    Quote Originally Posted by goon View Post
    Thanks for all the inputs folks! I've learnt a bit more from everyone's contributions.
    Because of my job,I'm required to go to alot of condo showrooms n i'm still surprised everytime I step into one because of the tremendous turn out these days like macam got half price .If the developers charge for thie brochures,they will make a tonne!

    A friend told me alot of buyers are young couples who are in their 20's ,new PR's ,investors and really cash rich Indonesians .Err od course this is nothing new but it Seem like the trend these days is die -die must buy condos even for those young couples who just started their careers.Really worrying for them! Some of my young colleagues looking for a new home don't even want to consider checking out for HDB's or even DBBS flats!
    Precisely, our dear Mr Mah has already said that there is a real demand for properties despite that there are some forms of speculation which is still manageable. The key word is "Real Demand". People are still BBB despite crazy prices. To some, these are crazy prices but to others they are good deals.

  18. #38
    Moderator diver-hloc's Avatar
    Join Date
    Apr 2007
    Location
    Somewhere North
    Posts
    5,201

    Default Re: Your views on the current surging property market

    Quote Originally Posted by vinze View Post

    AS PER TOPIC...

    only 1 word explains everything..

    GREED !!

    our own greed,. : Buyers complain endlessly about High Prices , Sellers complain about Not Good enough...

    Here. most who complain are looking to buy, any sellers here complaining prices are too high ?? can i see your hands ??

    Gents, I have always believe , HOME is where the heart is.. u dont need a BIg house to have a happy family who loves you... be contended and live within your means...
    3 room or 4 room... its your famly home that matters and not your size of your house..

    if you cant afford it. there will always be a place in SG u can.. instead of 5 mins from MRT.. take 15mins from MRT.... dont compare , and get on with it... life goes on.. as per car prices, COE etc.. if you cant afford it, there's always Cherry, proton , etc.. no body ask u buy HOnda..

    Agree.... as a Home owner... I won't complaint my $112K 4Room is now worth $300K (last I check).

    The sad fact is that S'pore being a small country with limited land, housing could never be dirty cheap. I just find it kind of strange that most here are talking about buying RESALE HDB at good location.... then complaining that the flats are $$$$. I brought my house at Woodlands 10years ago when Wondlands was still consider Ulu.... even when the MRT is already running there (I used to live in AMK).

    As a 1st time buyer.... I could chose a newly built (but smaller, 90 sqM only) 4Room for $112K in Woodlands.... or $200K+ for a RESALE 3Room in Ang Mo Kio. So, needless to said.... Bigger floor space and cheaper price won the day.

    Like some fellows ClubSNAP-er saids.... If you got $$$, feel free to buy wherever you want. But if you don't have enough $$$$.... then you will have to make do with what you have (smaller unit, further location from work, more Ulu location... etc).

    My only advise is don't buy beyond your means.... I have seen enough Colleague buying and selling their House to get cash when there is a housing market boom... now end up with a expensive house worth only 3/4 of the price paid. And having to pay a monthly loan of $1.5K in their mid 40s....

    Scuba & Father... For Life

  19. #39

    Default Re: Your views on the current surging property market

    Quote Originally Posted by USM View Post
    Precisely, our dear Mr Mah has already said that there is a real demand for properties despite that there are some forms of speculation which is still manageable. The key word is "Real Demand". People are still BBB despite crazy prices. To some, these are crazy prices but to others they are good deals.
    Like someone said here, home is where the heart is. As long as the heart says "yes", price is no deterrence and will always feel like a good deal irregardless.

  20. #40

    Default Re: Your views on the current surging property market

    Quote Originally Posted by Gunbucker View Post
    Like someone said here, home is where the heart is. As long as the heart says "yes", price is no deterrence and will always feel like a good deal irregardless.
    Ya, just do it where the heart tells you.

Page 2 of 18 FirstFirst 1234712 ... LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •