Properties - Buy or No Buy?
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U know? looking at the recent figures... i tink inflation in sg is increasing steadily and expects it is not gonna reverse trend in the nxt 2-3 yrs...
I've also heard stories abt properties in sg are way over-valued. but from yest's paper, SC global's Hilltops sold for $3.9k psf. And frm wad i understand, properties are the best hedge against inflation...
Wat's your take? -
dun buy, crashing soon....now deferred payment taken out....
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how do u derived tat?Originally posted by de_middle:dun buy, crashing soon.... -
projected economy is gonna slow down next year.....wonder it'll affect the property market. so do you think its good to enter nowOriginally posted by sunny3510:how do u derived tat?
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me wondering lo. tat's y this thread.Originally posted by de_middle:so do you think its good to enter now
cm cm... share more of ur valuable thots -
well i think with the deferred payment scheme taken out, the govt is trying to cool down the heat & bring down the prices.....prevent property speculationOriginally posted by sunny3510:me wondering lo. tat's y this thread.
cm cm... share more of ur valuable thots -
this, imo, will only slow down the middle class frm property speculation. the rich still cont their game. i heard more and more foreigners parking their funds in sg thru property investment.Originally posted by de_middle:well i think with the deferred payment scheme taken out, the govt is trying to cool down the heat & bring down the prices.....prevent property speculation
tat is to say... only high-end properties are lucrative. rite? -
This is ridiculous 3k plus psf. How to afford it with average Singaporean monthly salary to buy this tinny space which only allow me to stand? It is ten years high some more. No resources, no crude oil underground, no minerals. I would say $700 psf is a affordable price for average citizens. I am thinking who is the one who bid this high price for this "mosquito swamp"? Can't be anything lower than this?
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frm yest newspaper oso... sg's gg into clean energy industry eg. solar energy, fuel cell technology, wind, tidal power etc.Originally posted by Meilin86:No resources, no crude oil underground, no minerals.
can sg be as successful as our water projects?
if sg can, i believe sg land can remain valuable and property market will sustain -
i should think so, so long as its out of reach from the middle class. besides there are many upmarket projects now in s'poreOriginally posted by sunny3510:this, imo, will only slow down the middle class frm property speculation. the rich still cont their game. i heard more and more foreigners parking their funds in sg thru property investment.
tat is to say... only high-end properties are lucrative. rite? -
got the money just buy,
my ****** bougth 2 years ago, at 200k++
now 500K+...
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District 9 is still very hot market now
Min price is going around 1800 psf at least
Prices not really will be affected by the removal of deferpayment scheme
After all rich ppl dun need this deferpayment scheme
since it cost 3-5 percent more then progressive scheme
which in turn can save up to 100 k or more
enought to buy a brand new car
thats what my loaded customer told me
District 15 is a hot buy too
due to more enblock sale coming
There will be some new developement happening
from East Coast road or Upper East Road
Normally Full Seaview units can fetch at a very high premium -
I just don't understand property.
Look at all those en-bloc sales. Where there used to be 100 units, they are building 200-400 units.
There will be a temporary shortage of high end housing as en-bloc properties are being redeveloped. But once all these places are built, who is going to live in them?
If you buy a place, someone has to live in it or the place just sits there doing nothing. Either you live in it or you rent it out. Who can afford to live in those places?
Foreigners? The Hong Kong exodus is over. People working in IR? Sure there will be some highly paid expats, but majority of the people will be regular wage slaves.
But anyway, this issue is probably moot. Once global warming melts the polar ice caps, Singapore is going to sink under the sea anyway.
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telok blangah towers not bad
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DEAL OR NO DEAL.
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I think by the 200-400 units completed, property prices will go down, Since the supply is more? Well, you still have to depend on demand though. Wonder the IR will really really bring alot of people anot..Originally posted by Phaze:I just don't understand property.
Look at all those en-bloc sales. Where there used to be 100 units, they are building 200-400 units.
There will be a temporary shortage of high end housing as en-bloc properties are being redeveloped. But once all these places are built, who is going to live in them?
If you buy a place, someone has to live in it or the place just sits there doing nothing. Either you live in it or you rent it out. Who can afford to live in those places?
Foreigners? The Hong Kong exodus is over. People working in IR? Sure there will be some highly paid expats, but majority of the people will be regular wage slaves.
But anyway, this issue is probably moot. Once global warming melts the polar ice caps, Singapore is going to sink under the sea anyway. -
Well that's the thing. Even if IR brings a lot of people, will it be people who can afford to stay in those places? Can a croupier or housekeeping staff stay in a $3 million condo? How many people in high paying jobs will there be who can afford to pay the rent?Originally posted by cloud210:I think by the 200-400 units completed, property prices will go down, Since the supply is more? Well, you still have to depend on demand though. Wonder the IR will really really bring alot of people anot..
Someone told me that foreigners are happy to just buy as a vacation home. I'm not really convinced. -
It's true. One of my relative's client, an Indonesia bought a few properties in Marina Bay area, Sentosa & Orchard Rd. He has lots of cash so he buys prop. as investment, when the price is right, he takes profit. So the rich becomes richer.Originally posted by Phaze:Well that's the thing. Even if IR brings a lot of people, will it be people who can afford to stay in those places? Can a croupier or housekeeping staff stay in a $3 million condo? How many people in high paying jobs will there be who can afford to pay the rent?
Someone told me that foreigners are happy to just buy as a vacation home. I'm not really convinced. -
yes with ready excess cash, dabbling in property is one good way to get rich.Originally posted by gerrykoh:It's true. One of my relative's client, an Indonesia bought a few properties in Marina Bay area, Sentosa & Orchard Rd. He has lots of cash so he buys prop. as investment, when the price is right, he takes profit. So the rich becomes richer. -
i heard nxt year the gov releasing 5ha of land leh, which means supply getting more...
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Only if you can buy and hold long term.
You can actually get better returns from stocks if you buy and hold index funds over the long term. -
depends on how u calculate returns...Originally posted by Phaze:Only if you can buy and hold long term.
You can actually get better returns from stocks if you buy and hold index funds over the long term.
if u r living in the property itself and paying the monthly installment... yes... stocks may generate better returns... coz u r juz earning the capital appreciation of ur properties...
but if u r buying as investment properties, and if ur monthly rental can cover ur monthly installments + all expenses including taxes.... then the returns is much higher than stocks...
coz in properties, u can mk use of the Power of Leverage. U use 20% to buy 100% thing. how not to earn?