Ridiculous HDB Prices
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Originally posted by Summer hill:
go changi lor
damn crowded.
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If property prices start dropping, property agents will get less commissions.
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Originally posted by charlize:
If property prices start dropping, property agents will get less commissions.
you worried property prices go high, but you also worried agent gets less commission...you can't live a life contradicting yourself.
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Originally posted by sgdiehard:
you worried property prices go high, but you also worried agent gets less commission...you can't live a life contradicting yourself.
How to afford cai png if less commissions?
Times are bad.
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Originally posted by charlize:
How to afford cai png if less commissions?
Times are bad.
time has been good for housing agent!!! if you are agent and you are now eating cai png, quit lah...
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Originally posted by sgdiehard:
time has been good for housing agent!!! if you are agent and you are now eating cai png, quit lah...
Do I sound like a property agent?
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Originally posted by charlize:
Do I sound like a property agent?
you cannot be a successful property agent even if you were one...good time you don't realize, 活在ç¦�ä¸ä¸�知ç¦�。and you worry about low commissions for agent, æ�žäººå¿§å¤©.
A successful property agent always eat shark fins abalone, not cai png....good time bad time people buy and sell...in good time people buy worried prices go up, many sell to collect big cash...in bad time people sell to cut loss, people buy for a bargain...agents huat ahhhh.....
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i got a hdb at costa ris (TOP: 2014), 4 room at pasir ris for $350k, 11th floor. now i'm saving up like anything cos i'm worried about reno cost. :(
can't even do online shopping at my fav sites moyo asia anymore. arghhh!!! prices are ridiculous!!
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Originally posted by hannahmarley:
i got a hdb at costa ris (TOP: 2014), 4 room at pasir ris for $350k, 11th floor. now i'm saving up like anything cos i'm worried about reno cost. :(
can't even do online shopping at my fav sites moyo asia anymore. arghhh!!! prices are ridiculous!!
Huat ah.
HDB prices look like going to 1 million soon.
You just need to faithfully pay the hdb loan for 30 years.
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Originally posted by sgdiehard:
you cannot be a successful property agent even if you were one...good time you don't realize, 活在ç¦�ä¸ä¸�知ç¦�。and you worry about low commissions for agent, æ�žäººå¿§å¤©.
A successful property agent always eat shark fins abalone, not cai png....good time bad time people buy and sell...in good time people buy worried prices go up, many sell to collect big cash...in bad time people sell to cut loss, people buy for a bargain...agents huat ahhhh.....
no wonder the shark population going down.
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http://sg.news.yahoo.com/much-property-agents-earn-131223609.html
I found this recent article in yahoo news.
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Originally posted by charlize: http://sg.news.yahoo.com/much-property-agents-earn-131223609.html
I found this recent article in yahoo news.
still worry about their commission?
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Originally posted by sgdiehard:
still worry about their commission?
Eh, they say the top few make the money, the rest make about 5K .... a year.
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I always LOL when I read ads for prime properties like Sentosa Cove which highlight that the property is near the Harbourfront MRT.
I think if you can afford to live in Sentosa Cove, you can jolly well afford a car, even a small 1000cc car.
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Originally posted by charlize:
I always LOL when I read ads for prime properties like Sentosa Cove which highlight that the property is near the Harbourfront MRT.
I think if you can afford to live in Sentosa Cove, you can jolly well afford a car, even a small 1000cc car.
its a very different lifestyle for those ppl living in Sentosa Cove or some GCB in Bukit Timah. not only do you need to have cars, your relatives and friends also need to have cars to visit you, you need more than 1 maid to clean up the house, you will have to drive out to buy one loaf of bread in the morning because you forgot ahout it last night, and how your children go to school.....small 1000 cc is for the maid probable.
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Originally posted by hannahmarley:
i got a hdb at costa ris (TOP: 2014), 4 room at pasir ris for $350k, 11th floor. now i'm saving up like anything cos i'm worried about reno cost. :(
can't even do online shopping at my fav sites moyo asia anymore. arghhh!!! prices are ridiculous!!
5 year ago BTO at sengkang only 140+k.
5 year 200k good money, good money.
Huat ah!!
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Originally posted by sgdiehard:
its a very different lifestyle for those ppl living in Sentosa Cove or some GCB in Bukit Timah. not only do you need to have cars, your relatives and friends also need to have cars to visit you, you need more than 1 maid to clean up the house, you will have to drive out to buy one loaf of bread in the morning because you forgot ahout it last night, and how your children go to school.....small 1000 cc is for the maid probable.
Serious.
You read those condo ads now - every one of them touting mrt stations as nearby as one of their selling points.
It's like they know once you buy the private property, you will struggle to own a car next time.
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Newspaper reporting that prices are inching up again.
Huat ah.
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Originally posted by charlize:
Serious.
You read those condo ads now - every one of them touting mrt stations as nearby as one of their selling points.
It's like they know once you buy the private property, you will struggle to own a car next time.
lol..
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Originally posted by BadzMaro:
lol..
Tell me I am wrong.
Please.
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Originally posted by charlize:
Tell me I am wrong.
Please.
Well..... I was thinking maybe it is for scandals or one night stands, next day they can just take the MRT back to wherever they came from. lol
But I think you are not wrong.... xD
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This is from not knowing the ground.
The condo owners are driving BMW and Lexus.
Their mother, father, uncle, aunties, maids, teenagers, FT, ex-Pat, tenants, all take MRT and bus, and also walk!
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Oh!
Life is surreal.
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If prices continue to be out of reach for the middle class, I think 2016 will be quite bad.
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HDB, private home prices up slightly
HDB resale prices rise 1.3% in second quarter, private home prices up 0.4%
Experts say the slowdown in the HDB resale market at the start of the year that led to lower COVs has enticed buyers back into the resale market. -- ST PHOTO: ALPHONSUS CHERNBy ESTHER TEO
AND DARYL CHINAFTER a quiet start to the year, prices of both private and public homes rebounded slightly last quarter, even as the battle to keep a lid on prices rages on.
Housing Board (HDB) resale prices inched up 1.3 per cent in the second quarter to a new record high - rising more quickly than the 0.6 per cent gain in the three months before, according to preliminary data released yesterday.
The 0.6 per cent first-quarter rise had been the smallest since the first quarter of 2009 and had sparked talk that prices had hit a ceiling and might even correct down the road.
The dip in private home prices in the first quarter was also shortlived with prices inching up marginally by 0.4 per cent, reversing a 0.1 per cent fall in the first three months this year.
Experts say the slowdown in the HDB resale market at the start of the year that led to lower cash premiums paid for resale flats - also known as cash over valuations (COVs) - has enticed buyers back into the resale market.
Some private property owners may have decided to cash out of their suburban condos to buy HDB flats instead, leading to an uptick in resale deals, they add.
DWG's senior manager of research and consultancy Lee Sze Teck noted that median COVs for five-room flats, for example, were 27 per cent lower in the first quarter from the quarter before, according to his agency's sales.
Buyers may also have turned to resale flats after failing to get a unit at the more than 8,000 HDB flats launched in March this year, leading to both resale activity and prices heading back up, he said.
Some owners of older mass market condos might have also decided to take profit and move to HDB estates to be closer to their children, ERA Realty key executive officer Eugene Lim noted. They are mostly older retirees.
The proportion of HDB resale purchases by those with private home addresses has risen to about 30 per cent from 25 per cent for all of last year, according to ERA's transactions, Mr Lim said. This suggests more private home owners have taken the opportunity to cash out of the bull run of mass market home prices, which spiked 55 per cent in the past three years.
Still, despite this uptick in market activity, HDB resale prices are expected to flatline or even dip towards the end of this year.
PropNex chief executive Mohamed Ismail said prices have peaked and are unlikely to see substantial rises as buyers are becoming reluctant to pay high COVs.
"The (index) has consolidated its high prices and growth will be less than 2 per cent in the next quarter. I would not be surprised to see a negative growth in prices towards the end of 2012."
DWG's Mr Lee expects resale HDB prices to increase by about 5 per cent for the rest of the year.
Overall median COVs, however, are also expected to hold steady. COVs hovered at about $26,000 in the first two quarters, well down from $35,000 in the fourth quarter of last year.
One reason, said Mr Lim, is rising HDB flat valuations, which are catching up with selling prices. "Valuations are based on previously transacted prices, and since the selling price of resale flats is not growing exponentially, cash premiums seem to be holding steady."
He cited a three-room flat in Potong Pasir valued at $360,000 in May and sold with a $60,000 COV at $420,000. A month later, in June, a similar flat was valued at $380,000, a difference of $20,000.
On the private front, experts also remarked on the resilience of the market, which has stood its ground despite a slew of cooling measures since September 2009.
The 0.4 per cent increase has yet again sent overall prices of private homes to a record high on the back of low interest rates and plenty of available loan funds.
Investor appetite for real estate also remains strong partly owing to turmoil in stock, foreign exchange and commodities markets, said International Property Advisor chief executive Ku Swee Yong.
City centre home prices inched up 0.6 per cent, reversing a dip of 0.6 per cent in the previous quarter while city fringe home prices were flat. Home prices in suburban areas rose 0.4 per cent, down from a 1.1 per cent gain.
However, Colliers International research and advisory director Chia Siew Chuin sounded a note of caution. Rising price resistance and the onslaught of a fresh land supply may ease demand for private homes in the next six months with prices expected to be relatively stable with marginal upside for the rest of the year, she said.
Slowdown in rise of prices in suburban areas
BY AMANDA TAN
PRICES of suburban flats are still rising but the pace has slowed as buyers resist paying top dollar in a market flooded with new homes. Experts reckon the 'price stalemate' will continue throughout the year.Ms Chia Siew Chuin, director of research and advisory at Colliers International, said yesterday: "The increasing price resistance in the mass-market segment should help to moderate any price increases for the next two quarters."
Numbers from the Urban Redevelopment Authority yesterday show the trend clearly: Private homes outside the central region recorded a rise of just 0.4 per cent in the three months to June 30 compared with a 1.1 per cent increase in the first quarter.
PropNex chief executive Mohamed Ismail refers to it as a "price stalemate".
Buyers are less willing to accept high prices, particularly after the introduction of the additional buyer's stamp duty last December, he noted.
He said the high prices mean new launches now take longer to sell as buyers are more selective and price sensitive. Projects priced below $900 per sq ft are very well-received and garner keen interest from HDB upgraders, he said.
For instance, sales at The Luxurie in Sengkang slowed after A Treasure Trove in nearby Punggol was launched, sources said.
The Luxurie was more than $1,000 psf on average while the Punggol estate was going for below $900 on average.
The best-selling projects in the second quarter - Ripple Bay, Flo Residence and Palm Isles - were priced between $850 and $880 psf, noted Mr Joseph Tan, CBRE's executive director for residential.
Developers also ramped up marketing, offering cash rebates, discounts, lucky draws and celebrity endorsements, he said.
The ample supply of new launches in the heartland, especially in the north-east and Pasir Ris, helped slow rising prices as well, said Mr Eugene Lim, ERA Realty's key executive officer.
Caveats lodged also showed that the volume of transactions in the suburbs dropped 8 per cent, from 5,031 in the first quarter to a preliminary 4,634 in the second.
Knight Frank's head of consultancy and research, Mr Png Poh Soon, reckons prices for the year will be up between 0.5 and 1 per cent over last year.
Despite upcoming supply from the latest Government Land Sales programme, people are still buying at the new launches, in case new cooling measures are imposed. "(Thus), we expect sales volume to achieve a new record in 2012 with more than 20,000 units sold by year end," Mr Png said.
Top of the news, The Straits Times, Tuesday, July 3 2012, Pg A3