Singapore Property Scene Discussion

[Kopites]

On 7/22/2024 at 6:20 PM, Fcw75 said:

Godspeed next generation!

That will be the benchmark for surrounding blocks/units. 

 

[13177]

On 7/22/2024 at 6:15 PM, therock said:

HDB flats are a good option for those downgrading from old condo that sellers cash out from 

I can’t see as much enthusiasm for new large condos which cost two or three times more 

the market isn’t red hot but this segment seems to be hitting new highs again 😮 

Hdb resale price reaching $2mill soon. This hdb seller asking $1.8mill and can closed deal at $1.7mill, these downgraders from private to hdb really ‘spoilt market’ lo.

I think the initial price of this 5 rm flat should be around $600k plus. And the owner really profit until siao at $1.7mill!

Edited July 22, 2024 by 13177

[Khng8]

@13177 not only the profit quantum but the time taken to earn that profit. If this is not lottery effect, I don’t know what is.

And how is this good for the country?

That high resale prices translate to higher BTO prices which needs more tax payers $ to subsidise new BTO buyers.

[13177]

On 7/22/2024 at 9:42 PM, Khng8 said:

@13177 not only the profit quantum but the time taken to earn that profit. If this is not lottery effect, I don’t know what is.

And how is this good for the country?

That high resale prices translate to higher BTO prices which needs more tax payers $ to subsidise new BTO buyers.

True, i don’t know what is good to have hdb resale selling at millions, esp high millions?! 

[Wt_know]

no $2M no talk !!! 

 

[Kopites]

On 7/22/2024 at 10:51 PM, Wt_know said:

no $2M no talk !!! 

 

What is plus, prime and standard? New bto sizes?

[Throttle2]

Buyers sibei gian png ah! Muayhahhahhahhahha…

 

[13177]

On 7/22/2024 at 11:32 PM, Throttle2 said:

Buyers sibei gian png ah! Muayhahhahhahhahha…

 

No la, for those who sold their private and have many many cash on hand, to them buying a $1.7 mill or even $2 mill resale hdb in good a location with super high floor is cheap cheap. 😅

[Kopites]

On 7/23/2024 at 6:43 AM, 13177 said:

No la, for those who sold their private and have many many cash on hand, to them buying a $1.7 mill or even $2 mill resale hdb in good a location with super high floor is cheap cheap. 😅

15 months wait out period for downgrade if I remember correctly. 

Edited July 22, 2024 by Kopites

[13177]

On 7/23/2024 at 7:51 AM, Kopites said:

15 months wait out period for downgrade if I remember correctly. 

15 months wait out is ok if they can get a 'cheap' hdb with a good location. Like in the article for this $1.7 mill hdb, it says for this size and age, you would typically expect to pay around $3 million for a private. So it is consider dirt cheap to pay $1.7 mill liao. Lol.

[Wt_know]

On 7/22/2024 at 11:25 PM, Kopites said:

What is plus, prime and standard? New bto sizes?

simi PPS no use one la ...

buy HIGH sell HIGHERRRRRRRRR ...

in property stock flipping we say ... it's ALREADY price in .... 

Edited July 23, 2024 by Wt_know

[Alfc]

With housing prices like this, forget about birth rates. Just get inheritance and enjoy lifestyle; keep dog and cat can lia if bored.

[13177]

On 7/23/2024 at 9:35 AM, Alfc said:

With housing prices like this, forget about birth rates. Just get inheritance and enjoy lifestyle; keep dog and cat can lia if bored.

No wonder birth rates drop and can see many household keep dog/cat nowadays.

[Wt_know]

people say million dollar hdb are exception and outlier

but it is getting more common

and non million dollar hdb at $800K-$900K are cheap? think about it

and when more and more richies coming to spore … of course property price will goes up regardless hdb or private because the upward pressure

[Kklim]

BTO components and panels made in Malaysia with local water, sand and cement but prices at Singapore rates with land cost factored in. Little wonder young couples here don't want kids -- easier to move elsewhere

[Throttle2]

On 7/23/2024 at 6:43 AM, 13177 said:

No la, for those who sold their private and have many many cash on hand, to them buying a $1.7 mill or even $2 mill resale hdb in good a location with super high floor is cheap cheap. 😅

Gian png is gian png lah.

so after selling a simple Rolex and making some profit, one cheongs and buys a casio g shock for twice the retail price thinking he has got a good deal becos both are watches and both tell time?  If not gian png then what?   Muayhahhahhahhahhah

[Throttle2]

On 7/23/2024 at 9:35 AM, Alfc said:

With housing prices like this, forget about birth rates. Just get inheritance and enjoy lifestyle; keep dog and cat can lia if bored.

HDB has long become a tool for people to profiteer. It has caused great imbalance and worsened the wealth gap between singaporeans. 
lets not forget that hdbs are subsidised by all taxpayers.  So why should one tax payer lose out to another for the only reason of luck, when getting a hdb.   
the system is broken lah… fix it or be fixed.  In the meantime, good luck Singaporeans, good luck

Edited July 23, 2024 by Throttle2

[inlinesix]

On 7/23/2024 at 10:51 AM, Throttle2 said:

HDB has long become a tool for people to profiteer. It has caused great imbalance and worsened the wealth gap between singaporeans. 
lets not forget that hdbs are subsidised by all taxpayers.  So why should one tax payer lose out to another for the only reason of luck, when getting a hdb.   
the system is broken lah… fix it or be fixed.  In the meantime, good luck Singaporeans, good luck

Part of the HDB is land cost must be market value.

Due to this market value, it is eating into annual budget.

1 of the fix is to remove land cost at market value for new HDB.