Singapore Property Scene Discussion

[Daniu82]

That day I saw a IG story comparing a couple earning 9k buying HDB 700k and condo 1.3 mil. Loan about 500k for 25 years for HDB and loan almost 1 mil for 30 years for condo. The tagline is why buy hdb when you can buy condo. I was laughing cos the whole story nvr say what is the monthly installment for both. Really is doing anything to achieve their targets. 

[Wt_know]

On 5/26/2024 at 4:06 PM, Daniu82 said:

That day I saw a IG story comparing a couple earning 9k buying HDB 700k and condo 1.3 mil. Loan about 500k for 25 years for HDB and loan almost 1 mil for 30 years for condo. The tagline is why buy hdb when you can buy condo. I was laughing cos the whole story nvr say what is the monthly installment for both. Really is doing anything to achieve their targets. 

aiya ... it's the longest story for many years to MAX OUT loan aka "affordable"

loan = free money

use other people money to make your money

song song gao jurong 

who don't want?  

[13177]

On 5/26/2024 at 4:06 PM, Daniu82 said:

That day I saw a IG story comparing a couple earning 9k buying HDB 700k and condo 1.3 mil. Loan about 500k for 25 years for HDB and loan almost 1 mil for 30 years for condo. The tagline is why buy hdb when you can buy condo. I was laughing cos the whole story nvr say what is the monthly installment for both. Really is doing anything to achieve their targets. 

This couple surely have rental income from one of the property, so no problem paying off the loans.

[Daniu82]

On 5/26/2024 at 5:18 PM, 13177 said:

This couple surely have rental income from one of the property, so no problem paying off the loans.

Sorry, it’s comparing buying HDB or condo, not both. 

[13177]

On 5/25/2024 at 11:52 PM, Throttle2 said:

$600k is very affordable .

Dual income starting is at least $8k to $10k Combined.  By the time get married should be easily $12k combined. Means about $150k annual. Dont eat dont spend dont breathe, pay off fully in 4 yrs. (taxes ignored for the purpose of this simple discussion)

 sibei affordable ok…… 

in fact property agent will push these couples to buy condo.  Small one $1.5mil or 10yrs salary.  
sub sub suay.  Really affordable.    Then like hamsters, you’ll continue to run, until you meet your Maker.  
 

yeah! 💪💪👍👍✌️✌️ love it.   😙😙😜😜😂🤣😀

Agreed, 600k for a couple is very affordable. Each person only needs to fork out 300k, very cheap. Esp nowadays combined income is easily at least $10k to $15k.

Some single one person also can buy 300k to 400k plus hdb. Why for a couple with dual income cannot afford?! 

[Throttle2]

On 5/26/2024 at 5:24 PM, 13177 said:

Agreed, 600k for a couple is very affordable. Each person only needs to fork out 300k, very cheap. Esp nowadays combined income is easily at least $10k to $15k.

Some single one person also can buy 300k to 400k plus hdb. Why for a couple with dual income cannot afford?! 

Can afford hdb, no problem.

but the problem is that these people are not satisfied with $600k hdb, they want $1.5mil condo. 

and those who can barely afford $1.5mil condo want $3mil D9 condo.

and those who can afford D9 condo want $5mil landed….

heh heh heh,  enough is never enough…..

[Throttle2]

On 5/26/2024 at 4:06 PM, Daniu82 said:

That day I saw a IG story comparing a couple earning 9k buying HDB 700k and condo 1.3 mil. Loan about 500k for 25 years for HDB and loan almost 1 mil for 30 years for condo. The tagline is why buy hdb when you can buy condo. I was laughing cos the whole story nvr say what is the monthly installment for both. Really is doing anything to achieve their targets. 

Hope one of them join my Brotherhood, then we see how they handle it.   Heee heeeedeee

[13177]

On 5/26/2024 at 5:39 PM, Throttle2 said:

Can afford hdb, no problem.

but the problem is that these people are not satisfied with $600k hdb, they want $1.5mil condo. 

and those who can barely afford $1.5mil condo want $3mil D9 condo.

and those who can afford D9 condo want $5mil landed….

heh heh heh,  enough is never enough…..

People in this era eventually wanted to upgrade to private, never contented staying in hdb. Can afford or not is another thing. 

[macrosszero]

People buy into idea that property debt is good debt on the assumption that it will always rise

but those who are more marginal than others are less likely to be able to tolerate interest rate fluctuations, policy changes and prevailing rent 

So when the tide goes out, we can see who’s been swimming naked!

 

[Volvobrick]

On 5/26/2024 at 9:16 PM, Calinlin said:

99:1 bo dai ji one. You want 95:1:1:1:1:1 also can, but you must announce to iras and pay full absd based on worst profile.

Those people...their main issue is they go cheat iras and only pay absd for 1% of property price.

Property debt is good debt or not, I don't know. Past 30yrs, price never drop. I also wish it can drop, but you look at pap policy, you know it wont. However, if can afford private, just skip BTO. BTO can be a big financial mistake, personal experience.

BTO not sure huat one meh? 

[13177]

On 5/26/2024 at 9:16 PM, Calinlin said:

99:1 bo dai ji one. You want 95:1:1:1:1:1 also can, but you must announce to iras and pay full absd based on worst profile.

Those people...their main issue is they go cheat iras and only pay absd for 1% of property price.

Property debt is good debt or not, I don't know. Past 30yrs, price never drop. I also wish it can drop, but you look at pap policy, you know it wont. However, if can afford private, just skip BTO. BTO can be a big financial mistake, personal experience.

BTO can be a big financial mistake? How come?

[therock]

[macrosszero]

When I paid off my home, I felt free because I no longer needed to direct my CPF/cash towards the mortgage

Yet people tell me I am not min-maxing my money, that I should leverage my debt-free (albeit not-freehold) property towards something more expensive

But a retiree living in a 70-plus year lease home - what do I have to worry about?

We all go into the same size box in the end.

I won't outlive my property's lease unless I am a Japanese record-breaker!

[13177]

On 5/27/2024 at 9:21 AM, metalstream said:

99 year leasehold private condo is like a HDB flat. Worthless after 99 years and restricted loan amount once the lease tenure is near expiry, so limited pool of buyers 

I guess doesn't matter even it is a 99 year lease. Afterall it is a private can liao. Face value is important than leasehold.

[inlinesix]

Harder to exit if need to

[therock]

Well I do regret not getting the sterling terraces when they cost 300k.. short lease you may say but they have a appreciated very well too and wonderful location 

last of the landed public housing 

[13177]

On 5/27/2024 at 10:40 AM, therock said:

Well I do regret not getting the sterling terraces when they cost 300k.. short lease you may say but they have a appreciated very well too and wonderful location 

last of the landed public housing 

You mean those HDB sterling terraces? If you sell now indeed can profit some money even though it has short lease. Wonderful location yes but these terraces faces the MRT track and road, super noisy. If you get those unit not facing the road/MRT also no good, since your unit is facing a public open carpark. 

Edited May 27, 2024 by 13177

[Mkl22]

On 5/26/2024 at 11:44 AM, Throttle2 said:

As i said time and time and time again, these absd shit and cooling measures are poorly thought out and leads to social ills.  This is a fine example.

am sure there will be more

where got stupid... ah kong wants to tempt those who wanna scam ah kong, thinking there will be no repercussions. let the net catch more and more then one time teach all not to mess with ah kong. and of course fill the coffers at the same time 😁