Ridiculous HDB Prices
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I heard someone sold the HDB flat then went to buy a JB landed property. He worked in Woodlands area so travelling to/fro from checkpoint daily. Is that really possible ? I just hearsay only....
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HDB flats are affordable.
I heard also.
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The prices of HDB flats are still in the ridiculous zone...Anybody calling it quits and selling their house to fully retire in another country? I'm currently researching the possibility of early retirement....and why SG people leave to find new life in other countries? Are the reasons inclusive of over priced housing in SG ?
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Originally posted by Demon Bane:
The prices of HDB flats are still in the ridiculous zone...Anybody calling it quits and selling their house to fully retire in another country? I'm currently researching the possibility of early retirement....and why SG people leave to find new life in other countries? Are the reasons inclusive of over priced housing in SG ?
you already have a house you can sell to retire?
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Originally posted by sgdiehard:
you already have a house you can sell to retire?
Yup....waiting for the opportunity.
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Sell already live where?
East Coast Park ?
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Originally posted by charlize:
Sell already live where?
East Coast Park ?
If can get a good price, will sell it then downgrade to smaller unit...what about you guys?
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living in a bigger house is not upgrade, living in a smaller house is not downgrade. The size of a house doesn't tell the quality of your life. How you live your life is an indication of the kind of life you have.
If you can downgrade to a smaller unit but upgrade to a happier life. Go ahead.
This is what I am prepared to do. Now I need more rooms so I can live with my parents, and accommodate my children comfortably. In time to come, my parents would move on and my children move out, I won't need the space I need now.
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Yeah u are right! Quality of life more important...But if you are a buyer, the extraordinary prices can be a problem! If u are a seller, u should be happy!
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Originally posted by Demon Bane:
Yeah u are right! Quality of life more important...But if you are a buyer, the extraordinary prices can be a problem! If u are a seller, u should be happy!
what is extraordinary prices?
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Originally posted by sgdiehard:
what is extraordinary prices?
In the open market, a 5bdrm HDB flat can cost $550K ~ $750K depending on locations...and people are still buying!
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Originally posted by Demon Bane:
In the open market, a 5bdrm HDB flat can cost $550K ~ $750K depending on locations...and people are still buying!
When there is a product available, an asking price, and there is a taker paying that price, that is called a market price.
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Originally posted by sgdiehard:
When there is a product available, an asking price, and there is a taker paying that price, that is called a market price.
Elite spotted.
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Originally posted by charlize:
Elite spotted.
extraordinary people paying extraordinary prices to buy normal HDB flats, and there are many of them. What is elite????
When there are too many extraordinary, they are no longer elites, its just their illusion.
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Why are people still buying even if they complained about the high prices?
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Hope next time my kids got $ to buy house....
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Originally posted by Demon Bane:
Why are people still buying even if they complained about the high prices?
because ah the rewards for selling it after five years = profit
one three room flat = 170k selling it after 5 years = 400-500k
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Originally posted by Demon Bane:
Hope next time my kids got $ to buy house....
we'll all be millionaires.
Next time, a foriegn press will run this story
SINGAPORE: A CITY OF MILLIONAIRES
A country where majority of it's residents are millionaires
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6.9 million.
huat ah.
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Originally posted by Demon Bane:
I heard someone sold the HDB flat then went to buy a JB landed property. He worked in Woodlands area so travelling to/fro from checkpoint daily. Is that really possible ? I just hearsay only....
A lot of criminals are targetting Singaporeans who settle in msia. Another reason is the investment factor.
There's a buying and selling minimum transaction amount for all foreigners investing in property in msia. In the past it was 250k then they changed again to 500k now many people say is going to be 1million. This cap does not apply to malaysian citizens.
What this means is they keep homes affordable for msian citizens and only allow foreigners to buy higher price homes so example if a property cost 1mil you can buy that, but if is under 500k you cannot because those are reserved for msians.
So example say 10 yrs ago you bought your JB property then the minimum was 250k now you are stuck with it because they changed the rules foreigners cannot buy anything lower than 500k property so you can only sell to locals, which local there going to buy your 20yo property for 250k when they can get new one for same price or lower. And there's plenty of land in msia property value will not appreciate vs limited supply of land in singapore where a lot of immigrants coming in to support demand.
it's a raw deal to buy property in msia, don't just look at cheap
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Originally posted by charlize:
HDB flats are affordable.
I heard also.
Actually Charlize it is affordable. Mainly because interest rates in SG is low.
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Originally posted by Genie99b:
Actually Charlize it is affordable. Mainly because interest rates in SG is low.
everybody buey gao luan, not affordable?
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Originally posted by sgdiehard:
everybody buey gao luan, not affordable?
sorry bro my hokkien not so good these days haha.... what is "luan"?