Does this make sense?
- Thread starter ricohflex
- Start date
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
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.
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.
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.
you're always smarter than the other person :bsmilie:
btw, the mock-up of the buildings.... reminds me of a slum where everyone's packed together. perhaps that's the architect's idea :bsmilie:
btw, the mock-up of the buildings.... reminds me of a slum where everyone's packed together. perhaps that's the architect's idea :bsmilie:
Haha... snice when does it ever make sense? Anyway is willing buyer willing seller lor ...
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.
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.
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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.
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As explained recently : MOS Tan Chuan Jin responds to bloggerâs 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.
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