Darryn Turbocharged November 2, 2012 Share November 2, 2012 I'm not a savvy investor, To me, the market has got the feel right now of being near to the top of a bubble, I think that it's inevitable that there will be a correction - big question is WHEN and HOW MUCH. I don't think there's any need to catch the market at the bottom, but rather NOT to get caught at the top. If prices were to drop by 10% I'd feel comfortable jumping into the market at the moment (particularly as the govt can loosen their controls to arrest a slide) ↡ Advertisement Link to post Share on other sites More sharing options...
PorkChong Clutched November 2, 2012 Share November 2, 2012 (edited) when mkt crash.more people are going to jump down from their windows.the gahment are now trying very hard to stop the crash. Edited November 2, 2012 by PorkChong Link to post Share on other sites More sharing options...
Anshng Clutched November 2, 2012 Share November 2, 2012 Many singaporeans are still indeed very very cash rich.. Alot of clients, low profile but their bank account very fat. like woah..how to accumulate these much of $$ sometimes i wonder. Got 1 client who has about 10 or more properties when i did his loan back in 2010..bank still give him 80% loan even DSR burst like crazy..like 300%. He bought quite alot of prime properties..like W @ Sentosa etc.. I think MAS is more stringnent now already. He might have made a lot of money flipping properties before 2010. But if he now still own 10 properties especially W @ Sentosa, i think he is bleeding big time as that project developers still have lots of units unsold Link to post Share on other sites More sharing options...
Galantspeedz Turbocharged November 2, 2012 Share November 2, 2012 No you are wrong. My friend told me that he knows int rates will go up one day. WHen it does, he will just sell lar. Feds unlikely to raise i/r before 2016, by then he said he can sell the ppty for over 50% profit net. he is really a savvy property investor. hope your last sentence is made tongue in cheek Link to post Share on other sites More sharing options...
Kar_lover Supercharged November 2, 2012 Share November 2, 2012 This is where our dear leaders fail to consider. No control on the pte EC prices. So EC's pricing is not far off regular condo. More restrictions should be there to control market forces spilling over into the EC pool. Dunno whether this couple is stupid or smart, only time will tell. But there are already several controls: cannot buy public housing if got private, salary cannot more than $12k, cannot sell within 5 years, etc. How much more controls do you want? And not forgetting, EC is not an essential good. Like cars, they are luxury goods. If can't afford car, take public transport. So if cannot afford EC then just get BTO. Still the "entitlement" thinking/culture persists haiz.... Link to post Share on other sites More sharing options...
Duckduck Turbocharged November 2, 2012 Share November 2, 2012 (edited) I'm not a savvy investor, To me, the market has got the feel right now of being near to the top of a bubble, I think that it's inevitable that there will be a correction - big question is WHEN and HOW MUCH. I don't think there's any need to catch the market at the bottom, but rather NOT to get caught at the top. If prices were to drop by 10% I'd feel comfortable jumping into the market at the moment (particularly as the govt can loosen their controls to arrest a slide) no need to know when, just b prepared when it happens, means during bull run, save $ instead of spending, then come crash b prepared 2 react. Those who say will never crash must have been born in 2010 after the last crash lol Edited November 2, 2012 by Duckduck Link to post Share on other sites More sharing options...
Darryn Turbocharged November 2, 2012 Share November 2, 2012 Historically EC have done very very well once passed the min occupancy period - but whether that continues is yet to be seen. Moistly because in the past, supply very limited, now - They are all over the place. Link to post Share on other sites More sharing options...
Darryn Turbocharged November 2, 2012 Share November 2, 2012 no need to know when, just b prepared when it happens, means during bull run, save $ instead of spending, then come crash b prepared 2 react. Those who say will never crash must have been born in 2010 before the last crash lol Zackeries!! Since time immemorial property has gone in waves. Yep - we just sitting and waiting waiting waiting now. Turned down EC etc to reserve the cash.... Waiting waiting waiting Link to post Share on other sites More sharing options...
Altivo 3rd Gear November 2, 2012 Share November 2, 2012 Historically EC have done very very well once passed the min occupancy period - but whether that continues is yet to be seen. Moistly because in the past, supply very limited, now - They are all over the place. When I bought my first HDB flat in 2006, ECs were only selling for around 380-450 psf. So those folks who bought ECs before 2007 had made the most profit. I can't say the same for the current new buyers. Eg: How much would this couple need to sell the PH for in the future just to break even after factoring in the interest? Link to post Share on other sites More sharing options...
Darryn Turbocharged November 2, 2012 Share November 2, 2012 When I bought my first HDB flat in 2006, ECs were only selling for around 380-450 psf. So those folks who bought ECs before 2007 had made the most profit. I can't say the same for the current new buyers. Eg: How much would this couple need to sell the PH for in the future just to break even after factoring in the interest? Yeah, but the big attraction is that after 5 years they become "private" - so there's no restriction on the sales. The belief is that once become private, then will compete pretty much directly with Condo, so as long as you are paying less than a comparably sized condo you are on the winning end of the deal. Whether that will be borne our or not - Dunno. I can't find a flaw in it, EXCEPT to say - when everyone is jumping onto the same bandwagon it is normally time to get off. Link to post Share on other sites More sharing options...
Duckduck Turbocharged November 2, 2012 Share November 2, 2012 because in the past, supply very limited, now - They are all over the place. as a result of garmen measures to pump record supply in HDB n private mkt, we r much more vulnerable to external shocks affecting demand since supply will not b an issue come 2-4yrs time... Link to post Share on other sites More sharing options...
Altivo 3rd Gear November 2, 2012 Share November 2, 2012 Yeah, but the big attraction is that after 5 years they become "private" - so there's no restriction on the sales. The belief is that once become private, then will compete pretty much directly with Condo, so as long as you are paying less than a comparably sized condo you are on the winning end of the deal. Whether that will be borne our or not - Dunno. I can't find a flaw in it, EXCEPT to say - when everyone is jumping onto the same bandwagon it is normally time to get off. It's 10 years before privatisation and restriction for sale to foreigners is lifted. 5 yrs is the MOP and for sale to Singaporeans. You're right and most people who sell their EC when it privatises will make a decent profit. Afterall, their "condo" was subsidised when they bought it new from HDB. Link to post Share on other sites More sharing options...
Nav14 6th Gear November 2, 2012 Share November 2, 2012 Zackeries!! Since time immemorial property has gone in waves. Yep - we just sitting and waiting waiting waiting now. Turned down EC etc to reserve the cash.... Waiting waiting waiting Could end up waiting forever for the boat to come back to shore or when it does come will miss the last oppurtunity to board it again. Link to post Share on other sites More sharing options...
Darryn Turbocharged November 2, 2012 Share November 2, 2012 If do wait forever - so be it... Like that also not unhappy as it means that HDB will keep going up Link to post Share on other sites More sharing options...
Ben5266 Supercharged November 2, 2012 Share November 2, 2012 Yeah, but the big attraction is that after 5 years they become "private" - so there's no restriction on the sales. The belief is that once become private, then will compete pretty much directly with Condo, so as long as you are paying less than a comparably sized condo you are on the winning end of the deal. Whether that will be borne our or not - Dunno. I can't find a flaw in it, EXCEPT to say - when everyone is jumping onto the same bandwagon it is normally time to get off. 5 years can only sell to citizen. 10 years then no restriction. EC's facility to Unit ratio is less than Condo, generally. Less parking lot, crowded pool, difficult to book tennis court or bbq pit... etc. Simei Green was like 400k? now 1.0m! Link to post Share on other sites More sharing options...
PorkChong Clutched November 2, 2012 Share November 2, 2012 hdb can revise their income ceiling again. about 10 years back,was on look out for NEW 5RM at jurong & bkt batok.prices was way less than 180k and high floor.the income ceiling if i remembered was 8k? now a new 5RM in those area costs easily 300k onwards?maybe its time to revise to 16K income ceiling. Link to post Share on other sites More sharing options...
Duckduck Turbocharged November 2, 2012 Share November 2, 2012 hdb can revise their income ceiling again. about 10 years back,was on look out for NEW 5RM at jurong & bkt batok.prices was way less than 180k and high floor.the income ceiling if i remembered was 8k? now a new 5RM in those area costs easily 300k onwards?maybe its time to revise to 16K income ceiling. of cse they will revise coz they have to adjust for nominal income inflation. If u really wanna see if hdb now compared to last time is same affordability, should do an inflation adjusted real hdb price versus inflation adjusted real income, which garmen doesnt even bother to show. Link to post Share on other sites More sharing options...
Darryn Turbocharged November 2, 2012 Share November 2, 2012 5 years can only sell to citizen. 10 years then no restriction. EC's facility to Unit ratio is less than Condo, generally. Less parking lot, crowded pool, difficult to book tennis court or bbq pit... etc. Simei Green was like 400k? now 1.0m! Sorry on wrong info *paisei* ↡ Advertisement Link to post Share on other sites More sharing options...
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