Rskc 5th Gear September 17, 2023 Share September 17, 2023 On 9/16/2023 at 11:22 PM, Wt_know said: starting pay might be $4K but the jump is also fast and furious by 30, no $10K no talk ... Ya man. Exactly my pt! The 29, 30 young working graduate adults now can have salary of 7~8k per person (not the 躺平 type), 16k per couple. It has doubled, compared to my era when I was 30 yr old. Hdb bto prices have not doubled all across the board. One can even find 400k+ 5 rm hdb at tengah (no longer ulu hor, got ACS there in future😉). In fact, the current batch of young working adults should do even better than the 70s, 80s batch! Note I am not referring to resale hdb. 😅 ↡ Advertisement 2 Link to post Share on other sites More sharing options...
13177 Hypersonic September 17, 2023 Share September 17, 2023 On 9/17/2023 at 9:35 AM, Rskc said: Ya man. Exactly my pt! The 29, 30 young working graduate adults now can have salary of 7~8k per person (not the 躺平 type), 16k per couple. It has doubled, compared to my era when I was 30 yr old. Hdb bto prices have not doubled all across the board. One can even find 400k+ 5 rm hdb at tengah (no longer ulu hor, got ACS there in future😉). In fact, the current batch of young working adults should do even better than the 70s, 80s batch! Note I am not referring to resale hdb. 😅 Confirmed and guaranteed chopped that young working graduate in their early 30s with a salary of 7-8k or some even higher. Their salary is even higher than some of those ''old'' people who are in their 40s and early 50s. This is quite depressing for ''old people''. 😅 1 Link to post Share on other sites More sharing options...
Mercs Hypersonic September 17, 2023 Author Share September 17, 2023 4 Link to post Share on other sites More sharing options...
Mercs Hypersonic September 17, 2023 Author Share September 17, 2023 As mentioned prior -2mil hdb coming https://mustsharenews.com/tiong-bahru-flats-million/ Pre-War Tiong Bahru Flats Reportedly Selling For Up To S$2M Despite Less Than 50-Year Leases https://www.99.co/singapore/insider/tiong-bahru-pre-war-flat-sale/ Tiong Bahru original-condition HDB flat goes for $1.12M despite remaining 42-year lease https://mustsharenews.com/hdb-resale-prices-high/ 90% Of Answers.sg Respondents Say HDB Resale Prices Are Either High Or Unaffordable Flats costing over S$1 million are “ridiculous” Another respondent, Angeline Ong, 32, said the increases in prices for larger flats have also made them unaffordable in most locations, perhaps due to high demand. She has been looking for a four-room flat in the past month, and with their budget, Canberra and Sengkang are the only ones that meet their criteria. “I also think it’s really ridiculous to be reading news about resale flats selling for over one million dollars,” the 32-year-old added. “If they can afford to pay over a million dollars for an HDB flat, perhaps they shouldn’t even be buying one.” https://www.asiaone.com/money/august-2023-sees-record-breaking-surge-million-dollar-resale-flat-transactions August 2023 sees record breaking surge in million-dollar resale flat transactions As mentioned prior - BTO99 for the win https://www.asiaone.com/money/most-profitable-btos-2023-these-ulu-btos-north-made-almost-3x-its-owners Most profitable BTOs in 2023: These ulu BTOs in the north made almost 3x for its owners Five-year old resale flats to date: 3-room flats- EastCrown @ Canberra SEMBAWANG $284,756 179per cent 4-room flats- Marsiling Greenview WOODLANDS $352,000 130per cent 5-room flats- EastLawn @ Canberra SEMBAWANG $368,476 107per cent 5 Link to post Share on other sites More sharing options...
Mercs Hypersonic September 18, 2023 Author Share September 18, 2023 https://sg.finance.yahoo.com/news/50-singaporeans-find-hard-buy-first-home-property-survey-115134561.html 50% Singaporeans find it hard to buy first home: Property survey https://www.asiaone.com/money/how-buying-condo-unit-agent-resulted-huge-380k-loss-buyer How buying a condo unit with this agent resulted in a huge $380k loss for this buyer https://www.asiaone.com/money/why-every-singaporean-homeowner-needs-know-3-3-5-rule Why every Singaporean homeowner needs to know the 3-3-5 rule https://www.businesstimes.com.sg/property/over-3500-new-private-homes-set-be-launched-q4 Over 3,500 new private homes set to be launched in Q4 https://www.businesstimes.com.sg/property/new-prime-and-plus-flats-will-have-greater-fiscal-impact-more-subsidies-are-be-disbursed New Prime and Plus flats will have greater fiscal impact as more subsidies are to be disbursed: Desmond Lee https://www.straitstimes.com/business/economy/fed-unlikely-to-raise-rates-in-november-says-goldman-sachs Fed unlikely to raise rates in November, says Goldman Sachs https://stackedhomes.com/editorial/debunking-property-myths-how-much-does-a-bad-condo-view-really-cost-you/ https://stackedhomes.com/editorial/19-resale-hdb-flats-that-may-be-more-valuable-now-thanks-to-the-new-prime-plus-model/ 5 Link to post Share on other sites More sharing options...
13177 Hypersonic September 19, 2023 Share September 19, 2023 On 9/18/2023 at 12:38 AM, Mercs said: As mentioned prior -2mil hdb coming https://mustsharenews.com/tiong-bahru-flats-million/ Pre-War Tiong Bahru Flats Reportedly Selling For Up To S$2M Despite Less Than 50-Year Leases https://www.99.co/singapore/insider/tiong-bahru-pre-war-flat-sale/ Tiong Bahru original-condition HDB flat goes for $1.12M despite remaining 42-year lease https://mustsharenews.com/hdb-resale-prices-high/ 90% Of Answers.sg Respondents Say HDB Resale Prices Are Either High Or Unaffordable Flats costing over S$1 million are “ridiculous” Another respondent, Angeline Ong, 32, said the increases in prices for larger flats have also made them unaffordable in most locations, perhaps due to high demand. She has been looking for a four-room flat in the past month, and with their budget, Canberra and Sengkang are the only ones that meet their criteria. “I also think it’s really ridiculous to be reading news about resale flats selling for over one million dollars,” the 32-year-old added. “If they can afford to pay over a million dollars for an HDB flat, perhaps they shouldn’t even be buying one.” https://www.asiaone.com/money/august-2023-sees-record-breaking-surge-million-dollar-resale-flat-transactions August 2023 sees record breaking surge in million-dollar resale flat transactions As mentioned prior - BTO99 for the win https://www.asiaone.com/money/most-profitable-btos-2023-these-ulu-btos-north-made-almost-3x-its-owners Most profitable BTOs in 2023: These ulu BTOs in the north made almost 3x for its owners Five-year old resale flats to date: 3-room flats- EastCrown @ Canberra SEMBAWANG $284,756 179per cent 4-room flats- Marsiling Greenview WOODLANDS $352,000 130per cent 5-room flats- EastLawn @ Canberra SEMBAWANG $368,476 107per cent Less Than 50-Year Leases at tiong baru still can sell $2m, who say old HDB flats left with short lease become no value? And who say cannot buy 40 year old plus old HDB flat and after staying for 20 years, flat no value? 😅 Resale BTO flat in ulu location still can profit 3x for owners? No wonder like i said before, die die also must buy a brand new BTO flat no matter in which location, no matter how big the BTO flat is, and no matter need to wait for how many years. Then after stayed 5-10 years, sell and profit gao gao. 😂 1 Link to post Share on other sites More sharing options...
Mercs Hypersonic September 19, 2023 Author Share September 19, 2023 On 9/19/2023 at 8:35 AM, 13177 said: Less Than 50-Year Leases at tiong baru still can sell $2m, who say old HDB flats left with short lease become no value? And who say cannot buy 40 year old plus old HDB flat and after staying for 20 years, flat no value? 😅 Resale BTO flat in ulu location still can profit 3x for owners? No wonder like i said before, die die also must buy a brand new BTO flat no matter in which location, no matter how big the BTO flat is, and no matter need to wait for how many years. Then after stayed 5-10 years, sell and profit gao gao. 😂 Haha, if less lease equate to more expensive, then next time after stay another 20yrs with less than 30yr lease remaining just sell for 3mil lor, no worries buy high sell higher! 🤣 Those buyers are a special breed, the type with money to burn. 🤣 It's a given buy BTO sure make just a matter of how much, after stay 5-10yrs sell to upgrade or even stay 30-40yrs also no issue, by then should be retired time to rightsize, take the profit gao gao pay for a smaller unit which is then FOC. 😉 4 Link to post Share on other sites More sharing options...
Mercs Hypersonic September 19, 2023 Author Share September 19, 2023 On 9/17/2023 at 1:41 AM, Mercs said: Those are just some very basic options with little to no risk involved, if wanna talk invest meaning with some risks can easily get above 4% and upwards. Or even just park at FD also sure can get higher than hdb loan int for now. Haha true that rich get richer but it's no secret that need money to make more money. 🤣 Agree, full paid own stay property feeling is very shiok no burden. That said, say you have 500k to full paid BTO, option 1 would be to do just exactly that or option 2, max out with HDB loan and park the funds elsewhere for better returns, the higher int more than enough to offset the hdb loan int making it effectively 0% loan while still having some extra pocket change for cai png, with peace of mind knowing that those are ready funds that can be deployed at any time, as and when if the int rate situation do change can no longer get higher than hdb loan int rate elsewhere, can just showhand fully redeem. Just 1 yr alone the extra few k, 10yrs would be 40-60k, 20yrs later in the 100k range, can full paid for no worries, or do it 10-20yrs later with extra 50-100k in the bank. 😉 That's why it's diff strokes diff folks, same same but different. Ya, invest property diff ball game altogether, depending at what stage of life (age) approach would be diff to min risk max potential. https://rhbgroup.com.sg/rhb/personal/promotions/fixed-deposit-campaign 12-month 3.60% Premier 3.68% Min 20,000 5 Link to post Share on other sites More sharing options...
Mercs Hypersonic September 20, 2023 Author Share September 20, 2023 https://sbr.com.sg/residential-property/news/5-in-10-singaporeans-struggle-buy-their-first-home 5 in 10 Singaporeans struggle to buy their first home https://sbr.com.sg/residential-property/news/are-singaporean-investors-coming-terms-rising-property-taxes Are Singaporean investors coming to terms with rising property taxes? https://sbr.com.sg/commercial-property/news/sg-real-estate-posts-annual-growth-rate-42 SG real estate posts annual growth rate of 4.2% https://www.99.co/singapore/insider/million-dollar-hdb-resale-flats/ Million-dollar HDB resale flats: What’s the hype and how it’s impacting you? https://www.edgeprop.sg/property-news/four-projects-central-september-bto Four projects in Central for September BTO https://www.asiaone.com/money/debunking-property-myths-how-much-does-bad-condo-view-really-cost-you Debunking property myths: How much does a 'bad' condo view really cost you? https://stackedhomes.com/editorial/5-of-singapores-worst-google-rated-condos-are-they-really-that-bad/ https://stackedhomes.com/editorial/debunking-property-myths-how-much-does-a-bad-condo-view-really-cost-you/ 5 Link to post Share on other sites More sharing options...
Mercs Hypersonic September 22, 2023 Author Share September 22, 2023 https://www.edgeprop.sg/property-news/foundonedgeprop-hdb-flats-record-breaking-asking-prices FoundOnEdgeProp: HDB flats with record-breaking asking prices https://www.edgeprop.sg/property-news/midtown-bay-clinches-new-high-4086-psf Midtown Bay clinches new high of $4,086 psf https://www.edgeprop.sg/property-news/three-bedder-country-grandeur-sold-18-mil-profit Three-bedder at Country Grandeur sold at $1.8 mil profit https://www.edgeprop.sg/property-news/residential-transactions-contracts-dated-sept-5-12-done-deals Residential transactions with contracts dated Sept 5 to 12 [DONE DEALS] https://www.asiaone.com/money/50-affordable-freehold-landed-homes-3m-singapore-where-find-them 50 affordable freehold landed homes from $3m in Singapore: Where to find them https://www.channelnewsasia.com/singapore/prc-foreigner-sublet-5-room-flat-serangoon-prison-officer-trial-3788526 Foreigner on trial for subletting to multiple tenants a flat he rented from a prison officer https://www.businesstimes.com.sg/property/singapore-residential-property-fairly-valued-ubs Singapore residential property ‘fairly valued’: UBS 4 Link to post Share on other sites More sharing options...
Mercs Hypersonic September 23, 2023 Author Share September 23, 2023 HDB owners huat ah! anywhere also 'no 1mil no talk' 🤣 https://www.edgeprop.sg/property-news/bukit-panjang-records-first-million-dollar-hdb-flat-jelebu-road Bukit Panjang records first million-dollar HDB flat at Jelebu Road "In September, a 127 sq m (1,367 sq ft) executive apartment on levels 28 to 38 of Block 181 Jelebu Road changed hands in a resale for $1.02 million ($746 psf). It was the first HDB flat in Bukit Panjang to cross the $1 million mark" https://www.asiaone.com/money/19-resale-hdb-flats-may-be-more-valuable-now-thanks-primeplus-model 19 resale HDB flats that may be more valuable now (thanks to the Prime/Plus model) 4 Link to post Share on other sites More sharing options...
Dp26 5th Gear September 24, 2023 Share September 24, 2023 BP also reached 1m much faster than expected … Link to post Share on other sites More sharing options...
Dp26 5th Gear September 24, 2023 Share September 24, 2023 BP also reached 1m much faster than expected … Link to post Share on other sites More sharing options...
Mercs Hypersonic September 25, 2023 Author Share September 25, 2023 https://www.asiaone.com/money/first-million-dollar-flat-sold-bukit-panjang-residents-now-excited-about-future-value-their First million-dollar flat sold in Bukit Panjang; residents now excited about future value of their flats https://www.asiaone.com/money/housing-market-has-left-overvalued-territory-ubs-expects-home-price-growth-moderate-rents 'Housing market has left overvalued territory': UBS expects home price growth to moderate, rents to fall https://stackedhomes.com/editorial/why-i-bought-a-property-in-australia-a-singaporean-shares-her-experience-on-what-its-like-to-invest-in-adelaide/ https://stackedhomes.com/editorial/making-1-million-dollars-in-profit-from-an-hdb-why-pinnacle-duxton-may-be-the-most-unique-property-in-singapore/ 4 Link to post Share on other sites More sharing options...
Mercs Hypersonic September 26, 2023 Author Share September 26, 2023 Just like COE ... new normal for HDB ... 'no 1mil no talk' https://www.asiaone.com/money/making-1m-dollars-profit-hdb-why-pinnacle-duxton-may-be-most-unique-property-singapore Making $1m dollars in profit from an HDB: Why Pinnacle @ Duxton may be the most unique property in Singapore https://www.edgeprop.sg/property-news/pinnacle-duxton-unit-fetches-1393939-million-2nd-highest-psf-hdb-flats Pinnacle @ Duxton unit fetches $1.393939 million, 2nd-highest psf for HDB flats "Last month, a 4-room 1,011-sqft unit at block 1B Cantonment Road set a new record for the highest-ever per-square-foot (psf) price for a resale HDB flat, selling for $1,394 psf. The unit was sold for $1.41 million. This month, another 4-room unit of equivalent size in block 1A Cantonment Road followed suit, achieving the second-highest PSF ever recorded at $1,378 psf." UP UP and away! https://www.srx.com.sg/research/64631/condo-resale-prices-increase-volume-rise-slightly-in-august-2023 Condo Resale Prices Increase; Volume Rise Slightly in August 2023 https://www.99.co/singapore/insider/august-resale-condo-2023/ August resale condo 2023: Price fluctuations, expert opinions & market outlook https://stackedhomes.com/editorial/the-best-and-worst-performing-hdb-estates-in-2023-where-does-yours-rank/ 4 Link to post Share on other sites More sharing options...
Kopites Supersonic September 26, 2023 Share September 26, 2023 On 9/19/2023 at 8:35 AM, 13177 said: Less Than 50-Year Leases at tiong baru still can sell $2m, who say old HDB flats left with short lease become no value? And who say cannot buy 40 year old plus old HDB flat and after staying for 20 years, flat no value? 😅 Resale BTO flat in ulu location still can profit 3x for owners? No wonder like i said before, die die also must buy a brand new BTO flat no matter in which location, no matter how big the BTO flat is, and no matter need to wait for how many years. Then after stayed 5-10 years, sell and profit gao gao. 😂 Do note those things Bahru doesn't come with elevator. So can strike off those elder demographic as buyer. Link to post Share on other sites More sharing options...
13177 Hypersonic September 27, 2023 Share September 27, 2023 On 9/27/2023 at 12:19 AM, Mercs said: Just like COE ... new normal for HDB ... 'no 1mil no talk' https://www.asiaone.com/money/making-1m-dollars-profit-hdb-why-pinnacle-duxton-may-be-most-unique-property-singapore Making $1m dollars in profit from an HDB: Why Pinnacle @ Duxton may be the most unique property in Singapore https://www.edgeprop.sg/property-news/pinnacle-duxton-unit-fetches-1393939-million-2nd-highest-psf-hdb-flats Pinnacle @ Duxton unit fetches $1.393939 million, 2nd-highest psf for HDB flats "Last month, a 4-room 1,011-sqft unit at block 1B Cantonment Road set a new record for the highest-ever per-square-foot (psf) price for a resale HDB flat, selling for $1,394 psf. The unit was sold for $1.41 million. This month, another 4-room unit of equivalent size in block 1A Cantonment Road followed suit, achieving the second-highest PSF ever recorded at $1,378 psf." UP UP and away! https://www.srx.com.sg/research/64631/condo-resale-prices-increase-volume-rise-slightly-in-august-2023 Condo Resale Prices Increase; Volume Rise Slightly in August 2023 https://www.99.co/singapore/insider/august-resale-condo-2023/ August resale condo 2023: Price fluctuations, expert opinions & market outlook https://stackedhomes.com/editorial/the-best-and-worst-performing-hdb-estates-in-2023-where-does-yours-rank/ No need Pinnacle @ Duxton is the most unique property in Singapore. Now everywhere also become unique property. 1 Link to post Share on other sites More sharing options...
13177 Hypersonic September 27, 2023 Share September 27, 2023 On 9/27/2023 at 6:33 AM, Kopites said: Do note those things Bahru doesn't come with elevator. So can strike off those elder demographic as buyer. No need to have elder demographic as buyer also can sell lo. ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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