Singapore Property Scene Discussion

[macrosszero]

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.

[macrosszero]

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. 

[Throttle2]

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. 

[macrosszero]

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.

[therock]

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 

[13177]

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.

[Ginyu]

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🤣

[macrosszero]

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.

[macrosszero]

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

[therock]

So what can you do with it?

Mini golf ?

[Hubwee]

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 

[macrosszero]

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. 

[Volvobrick]

On 6/29/2024 at 6:18 PM, macrosszero said:

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. 

Buy, erect a big tent, install off grid solar and can go glamping forever! 

Maybe 100k can consider this alternative housing. 

[Evo5sg]

But why there are tiles laid ?

[Volvobrick]

On 6/29/2024 at 8:49 PM, Evo5sg said:

But why there are tiles laid ?

Looks like some old building has been demolished. 

[13177]

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 

Then buy for what? Waiting for the price to appreciate? Since cannot do anything on the land/

[13177]

On 6/29/2024 at 9:00 PM, Volvobrick said:

Looks like some old building has been demolished. 

If there is building on that piece of land previously, then why now cannot build any building on it le?

[therock]

This sums it up