Jump to content

Singapore Property Scene Discussion

therock

By therock,
in Property Buzz

 Share

Recommended Posts

13177

13177

Hypersonic
On 6/17/2024 at 12:12 AM, Wt_know said:

it's true for big country like UK ...  to rent instead of to buy

unless already have family and determine to stuck at one place ... go to work 9-to-5 and wait for pension ... lol

but the story is also true that financial planner is advising client to buy property and rent out

renting out property is the No. 1 business idea ... LOL

financial advisor all smoke sai telling people ... you see all celebrity, company CEO, entrepreneur, tycoon, richie rich,

all have many many properties ... smelly smelly buy sell property make millions ...

but they never tell the truth that these people make millions from their "real" business or hard work and not by flipping property

in spore ... the no 1 make money idea is flip property ... [hur] 

Could be in other countries, renting not very ex, that’s why it there have alternative of renting.

In sg, renting too ex and not worth it lo, unless really no choice. 

Link to post
Share on other sites
Wt_know

Wt_know

Supersonic
On 6/22/2024 at 12:40 PM, 13177 said:

Could be in other countries, renting not very ex, that’s why it there have alternative of renting.

In sg, renting too ex and not worth it lo, unless really no choice. 

spore is not a country of rent because the home is TOO EXPENSIVE ...

decade ago ... renting in OZ is damn cheap and sibei song 

even now OZ rents have gone mad and sibei low inventory

  • Praise 1
Link to post
Share on other sites
macrosszero

macrosszero

Turbocharged
On 6/22/2024 at 12:12 PM, Throttle2 said:

Huat ah

Put too many conditions, yet have a reserve price, so much uncertainty, the developers all collectively serve the G a big middle finger.

Only if near city got someone daring to try, and that was the writing on the wall. Whoever came up with this idea probably lost his/her bonus for the year.

Link to post
Share on other sites
macrosszero

macrosszero

Turbocharged
On 6/22/2024 at 1:35 PM, Wt_know said:

spore is not a country of rent because the home is TOO EXPENSIVE ...

decade ago ... renting in OZ is damn cheap and sibei song 

even now OZ rents have gone mad and sibei low inventory

You're kidding yourself because everything that is leasehold is effectively renting except we are allowed to enrich the financial institutions through mortgage and interest. 

Link to post
Share on other sites
Throttle2

Throttle2

Supersonic
On 6/22/2024 at 2:00 PM, macrosszero said:

You're kidding yourself because everything that is leasehold is effectively renting except we are allowed to enrich the financial institutions through mortgage and interest. 

You make it sound as if its the banks fault.

no lah.

i wish they only allow 50% loan .

Not enough equity? Dont but Cant buy. 

Link to post
Share on other sites
macrosszero

macrosszero

Turbocharged
On 6/22/2024 at 2:31 PM, Throttle2 said:

You make it sound as if its the banks fault.

no lah.

i wish they only allow 50% loan .

Not enough equity? Dont but Cant buy. 

Hardly blaming the banks. There is demand for mortgage loans so they are merely here to provide the service of extending credit to people so they can tell themselves they own their home.

Link to post
Share on other sites
therock

therock

Supersonic
  • Author
On 6/22/2024 at 2:31 PM, Throttle2 said:

You make it sound as if its the banks fault.

no lah.

i wish they only allow 50% loan .

Not enough equity? Dont but Cant buy. 

Good idea

buy what you truly can afford

Public housing shouldn’t need a large sum

Want a condo? Be prepared to fork out 50%
prices may fall as a result 

Link to post
Share on other sites
13177

13177

Hypersonic
On 6/22/2024 at 2:48 PM, macrosszero said:

Hardly blaming the banks. There is demand for mortgage loans so they are merely here to provide the service of extending credit to people so they can tell themselves they own their home.

Even though you can say most people don’t really own their home since it is still under mortgage. But at least the house still belong to you.

There is a difference staying in a house you buy and a renting house. Staying in a rented house afterall the house is belong to a landlord, and the feeling is difference.

Link to post
Share on other sites
Ginyu

Ginyu

5th Gear
On 6/22/2024 at 2:31 PM, Throttle2 said:

You make it sound as if its the banks fault.

no lah.

i wish they only allow 50% loan .

Not enough equity? Dont but Cant buy. 

Ya need to review loan amount  because the bank makes  borrowing too easy until any tom  dick and harry who don’t have  enough can still  buy  which resulted in price soar🤣

Link to post
Share on other sites
macrosszero

macrosszero

Turbocharged
On 6/23/2024 at 9:15 AM, 13177 said:

Even though you can say most people don’t really own their home since it is still under mortgage. But at least the house still belong to you.

There is a difference staying in a house you buy and a renting house. Staying in a rented house afterall the house is belong to a landlord, and the feeling is difference.

What I actually said is that people don’t truly own their leasehold homes. Not because it’s under mortgage.

Link to post
Share on other sites
Hubwee

Hubwee

Supercharged
On 6/29/2024 at 4:19 PM, macrosszero said:

Friend shared this interesting listing:

Freehold land

6,000 sq ft

Sixth Avenue

$1.8 million

Mortagee sale

But the catch is you are unable to build a house on it. Or not allowed? 

https://www.propertyguru.com.sg/listing/for-sale-sixth-avenue-25208029

Remnant land , cannot build any structure on it … this is price drop from 3.8 years ago …

buy Liao can only hope the houses behind all kena enbloc , developer say wants to buy from you …

if they dun agree with your pricing , can leave it for the next generation and see what happens Liao 

  • Haha! 1
Link to post
Share on other sites
macrosszero

macrosszero

Turbocharged
On 6/29/2024 at 4:43 PM, Hubwee said:

Remnant land , cannot build any structure on it … this is price drop from 3.8 years ago …

buy Liao can only hope the houses behind all kena enbloc , developer say wants to buy from you …

if they dun agree with your pricing , can leave it for the next generation and see what happens Liao 

Worse - between it and the houses behind is a strip of State land so fat hope in amalgamating. And in the past 20 years each of the owners has repeatedly (and unsuccessfully) tried to obtain approval for waivers to be allowed to build on it. 

↡ Advertisement
  • Haha! 1
Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share
Go to topic listing
×
×
  • Create New...