View Full Version : What will you do with $200k cash?
A hypothetical amount.... It's not a lot, but I cant help wondering how the savvy property investors here will use $200k cash to grow. Anyone?
devilplate
30-10-10, 00:56
A hypothetical amount.... It's not a lot, but I cant help wondering how the savvy property investors here will use $200k cash to grow. Anyone?
too little to fry ppty
used tat to fry stocks still got chance to make it big:D :D :D ....nid to leverage perhaps X5 at least:D :D :D
proud owner
30-10-10, 01:13
A hypothetical amount.... It's not a lot, but I cant help wondering how the savvy property investors here will use $200k cash to grow. Anyone?
wait for TOTO big big ... whack 10,000 quick pick
buy 20 lots keppel corp for medium to long term.
too little to fry ppty
used tat to fry stocks still got chance to make it big:D :D :D ....nid to leverage perhaps X5 at least:D :D :D
Minimum of 1 million needed to start? What about those 700-800 properties and using that as downpayment for a start?
Please pardon the noob question...
Minimum of 1 million needed to start? What about those 700-800 properties and using that as downpayment for a start?
Please pardon the noob question...
for investment grade residential properties, $700-$800k would probably only get you a studio apartment in the prime and city areas.
if you're looking for massive return on your $200k, now is probably not a good time to get into investment property as there seems to be very little meat left for short term profits (2, 3 years window).
if you're thinking about non-prime suburban properties, these are not usually considered good for investment as supply is healthy and demand may go soft once immigrants stop coming in and when another crisis hits the "sandwich class" who make up the majority of buyers and owners in this class, for example job cuts and pay cuts.
$200k isn't a lot, but it's a fair savings amount for a typical middle class family in their 30s. i would save the money as a buffer/contingency, and not worry too much
get massive returns on your ego and lifestyle by committing to an Audi or BMW convertible
buy 20 lots of Hang Seng Index
Geylang OKT
30-10-10, 08:36
Hmm.... $200k wor... I might feed my pet dog with his favourite snacks :D
Property not enough. Put into bank stocks or reits.
This might be obvious to many but it's pretty insightful for me... Thanks!
for investment grade residential properties, $700-$800k would probably only get you a studio apartment in the prime and city areas.
if you're looking for massive return on your $200k, now is probably not a good time to get into investment property as there seems to be very little meat left for short term profits (2, 3 years window).
if you're thinking about non-prime suburban properties, these are not usually considered good for investment as supply is healthy and demand may go soft once immigrants stop coming in and when another crisis hits the "sandwich class" who make up the majority of buyers and owners in this class, for example job cuts and pay cuts.
But with 200K cash on hand, with no other huge property debts (assuming that property loan is less than 50%), can invest in studio right?
rattydrama
30-10-10, 09:41
the rental opportunity for 2 bedder apartment is better.
But with 200K cash on hand, with no other huge property debts (assuming that property loan is less than 50%), can invest in studio right?
Allthepies
30-10-10, 11:19
I will buy 200K of good REITS at 7-8% yield to give you a $1000+ of passive income per month.... :2cents:
devilplate
30-10-10, 11:24
I will buy 200K of good REITS at 7-8% yield to give you a $1000+ of passive income per month.... :2cents:
nvr buy reits(still shares) for dividend:2cents:
Isnt it obvious?? Use half of it to buy a top notch money printing machine (not USD model pls) and the other half to travel round the world washing those money.
Wild Falcon
30-10-10, 13:21
I don't think anyone who says "never buy suburban property" is good insight. It has done relatively well. You can follow the herd like most Singaporeans and buy MMs in the CBD or you take just take a slightly more contrarian approach in finding gems using your own judgement. A lot of newly TOP projects recently are NOT fetching a premium from their original launch price in 2007, esp the prime condos. So what does it say? There is no such thing as "prime" property is "investment grade". Investment grade means something that gives you good yields and returns. A lot of prime properties fetch underwhelming yields - the only hope is foreign hot money - i.e. pray for bubbles to be formed by hot money. But it can also give lucrative returns if bubbles gets bigger. With low interest and countries printing money like no tomorrow, bubbles may become bigger but make sure you get out fast before the printing stops and contractionary policies begin. Hot money can flow out as fast as it comes in. And for new launch only TOP in 2015? Well, does anyone really believe the printing is going to be non-stop until 2015?
Go check out some properties that are going to TOP in next few months. You will be surprised the buyers who follow the herd and bought from developers are selling at no profits or even at a loss.
And with $200k, don't worry too much. Keep some as spare and buy some stocks.
This might be obvious to many but it's pretty insightful for me... Thanks!
nvr buy reits(still shares) for dividend:2cents:
i hold some reits purely for dividends leh.. not a gd idea ah?? :scared-3:
But with 200K cash on hand, with no other huge property debts (assuming that property loan is less than 50%), can invest in studio right?
get a decent size layout studio to partition extra room. that will be attractive to tenants.
Etc odeon katong 600sqft sold ard 540k below 585k previous transacted. slowly hunt and u able to pick some undervalued
don't talk cock lah.
you mean in the current environment, you'd want to touch suburban at these prices?
also, more singaporeans do buy suburban condos than prime so i don't know what point you are trying to make about following the herd?
i agree going against the herd, which means to shun suburban in this current climate. At $800 to $1200psf for suburbs, how much more do you expect suburban condos to appreciate?
you have said so yourself how much suburban condos have increased in price and not prime condos, so which one continues to be more undervalued? also, prime properties are a whole different animal, with a more international investor base and market than the suburban, so i'm afraid one cannot compare the two just based on % price appreciation in the past 2 years. what is important is the performance from now to the future. we cannot look at the past performance any more as any indicator of price performance.
i would recommend NOT investing in any property right now, whether suburban or prime.
I don't think anyone who says "never buy suburban property" is good insight. It has done relatively well. You can follow the herd like most Singaporeans and buy MMs in the CBD or you take just take a slightly more contrarian approach in finding gems using your own judgement. A lot of newly TOP projects recently are NOT fetching a premium from their original launch price in 2007, esp the prime condos. So what does it say? There is no such thing as "prime" property is "investment grade". Investment grade means something that gives you good yields and returns. A lot of prime properties fetch underwhelming yields - the only hope is foreign hot money - i.e. pray for bubbles to be formed by hot money. But it can also give lucrative returns if bubbles gets bigger. With low interest and countries printing money like no tomorrow, bubbles may become bigger but make sure you get out fast before the printing stops and contractionary policies begin. Hot money can flow out as fast as it comes in. And for new launch only TOP in 2015? Well, does anyone really believe the printing is going to be non-stop until 2015?
Go check out some properties that are going to TOP in next few months. You will be surprised the buyers who follow the herd and bought from developers are selling at no profits or even at a loss.
And with $200k, don't worry too much. Keep some as spare and buy some stocks.
I'm this close to buying Shelford Regency for own stay and selling off my HDB... probably not a good idea huh..
I can wait though.. in fact I can wait for about 4 years... but if I wait.. what are the trigger points? Should I buy when the property prices dip? Pte property price dipping should also mean that my HDB price will dip, so sell high buy high or sell low buy low... in the end it's the same no? Or should I stick on the "keep HDB and buy cheap and affordable pte" plan.. which means I'll have to wait for Duchess Crest to fall below 1mil.. might not happen at all...
200k is really very little money!
200k probably can save thousands of children in Africa.
Suggest u donate some. Less headache of buy high, low, when, where??:D
I'm this close to buying Shelford Regency for own stay and selling off my HDB... probably not a good idea huh..
I can wait though.. in fact I can wait for about 4 years... but if I wait.. what are the trigger points? Should I buy when the property prices dip? Pte property price dipping should also mean that my HDB price will dip, so sell high buy high or sell low buy low... in the end it's the same no? Or should I stick on the "keep HDB and buy cheap and affordable pte" plan.. which means I'll have to wait for Duchess Crest to fall below 1mil.. might not happen at all...
200k is really very little money!
you have a girl too? lol you're in the same boat as me dude. shd do kopi ine day
If I have $200k savings I will...
Keep $100k for emergency use
With the remaining $100k buy Starhub, Tiger Airways, GLP shares equally and wait
Is it a good idea to make use of the current property market and low interest condition to refinance my mortgage to take cash out to invest in shares?
devilplate
30-10-10, 16:18
Is it a good idea to make use of the current property market and low interest condition to refinance my mortgage to take cash out to invest in shares?
if u hf been making $ from stocks...y not...get rdy hot cash and buy on dips:D
kingkong1984
30-10-10, 17:49
Buy $1000 4D per draw on one number and if hit first prize, its 2 million and u can do a lot more.
put your 200k into genting shares...there is risk but its the fastest way for your 200k to grow! n this counter will really fly if there's no crisis or mishap..:spliff:
when investing long term, always better to look at company fundamentals.
genting is speculative, price is based on future earnings. although i don't doubt that casinos have potential to earn a lot in the long run. however any time casinos open in bintan or batam, you can be sure that RWS earnings sentiments will be hit hard.
keppel corp or semb marine on the other hand are blue chip stocks that have solid financials and fundamentals as well as business models. to me they are a lot safer to vest in. look at keppel's PE, it is cheap.
put your 200k into genting shares...there is risk but its the fastest way for your 200k to grow! n this counter will really fly if there's no crisis or mishap..:spliff:
you want high risk high return blue chips, go for commodities lah.... wilmar or noble. why genting? no fundamentals lar...
look at keppel's PE, it is cheap.
although I agree gentling is pure speculating, I dun share with you the sentiment keppel's PE is cheap. the PE for this sector is always low, nothing new. KEP had jumped like 10% in like last 10 days. May or may not be the best time for entry for this counter.
Anyway I agree with u the idea in general. 200k cash could pick some solid stocks. A lot of blue chips are still well below their peak in 2007. Unlike pty, mass market pty (which ur 200 k can buy) is at all time high now. Upside on pty still possible, but downside far more likely.
It will be a different situation if u have 2m cash and wonder what to do. U can't put all that into equities. Some of them can still go to investment grade pty. And even for this, my take is , prime area has more upside, since it didn't really jump much. But prime area pty is not something u could play with 200k
devilplate
30-10-10, 23:32
for stocks, dun always tink tat it will definitely surpass their historic peak.....below their peak doesnt mean cheap....cheap can be cheaper:D
i fry stocks dun look at PE , watever shyty fundamental analysis, winning rate much much higher:D (not to offend FA fans...dun bother to argue wif me:p )
My final advice to Nestor.
$200k is not a lot of money, and definitely not enough to 'play' even if it forms a fraction of your cash holdings, much less if it forms its entirety.
If you truly truly backside itchy, then i will make the same recommendation as i made almost 2 years back in this forum.
Convert $50-60k into physical gold, and maybe $10-15k into physical silver.
Keep $100k cash in a fixed deposit.
That leaves you $25k to go play in the stock market, MB Sands, 4D/Toto - all are the same to me: gambling just in different forms, but i think i trust Sands more than corporate auditors these days. Personally I would 'invest' this $25k into my kid's soft-skills or societal skills, if you aren't already there - debutante's ball; etiquette grooming; foreign languages; or a nice trip exploring old European museums and architecture - maybe even a 'pilgrimage' to your religion's center.
A hypothetical amount.... It's not a lot, but I cant help wondering how the savvy property investors here will use $200k cash to grow. Anyone?
Get a leasehold ppty beside mrt, then rent it out. (bang on sucess of optima & casa mera etc)
eg. The tanamera, 2 bedrm ($650~700k).
Full facilities, just beside mrt only. :D Shdbe pretty easy to rent out.
Just a suggestion only hor.... hehe :)
devilplate
31-10-10, 00:00
My final advice to Nestor.
$200k is not a lot of money, and definitely not enough to 'play' even if it forms a fraction of your cash holdings, much less if it forms its entirety.
If you truly truly backside itchy, then i will make the same recommendation as i made almost 2 years back in this forum.
Convert $50-60k into physical gold, and maybe $10-15k into physical silver.
Keep $100k cash in a fixed deposit.
That leaves you $25k to go play in the stock market, MB Sands, 4D/Toto - all are the same to me: gambling just in different forms, but i think i trust Sands more than corporate auditors these days. Personally I would 'invest' this $25k into my kid's soft-skills or societal skills, if you aren't already there - debutante's ball; etiquette grooming; foreign languages; or a nice trip exploring old European museums and architecture - maybe even a 'pilgrimage' to your religion's center.
like dat cannot HUAT leh...
got 200k or dun hf...still poor...might as well go for BIG....:hell-hath-no-fury:
like dat cannot HUAT leh...
got 200k or dun hf...still poor...might as well go for BIG....:hell-hath-no-fury:
people got kid mah....
if he's in his twenties and still a DINK, then that's different.
Kids are damn expensive - the clothes alone can kill
When I was visiting Japan, they told me most of people just put lots of money in the banks earning virtually zero interest. Why? Because the price of everything there have been dropping for 20 years (including stocks and properties). So your real return is still positive.
Bear in mind of the master plan for the US to escape the financial crisis and their USD 10 trillion debt:
1) Print more meney to keep the interest rate to zero and the real interest rate is negative. So they can "transfer" the money to the banks to recover;
2) Keep USD weaker and weaker, so the USD 10 trillion debt will be worthless.
3) Send those printed money to Asia and push the asset price to bubble level in 2-4 years;
That's what we are seeing now, but not the end of story yet.
4) When US employment improves but inflation comes, US will suddenly increase the interest rate;
5) USD will strength from bottom, and the money will rush back;
6) US "investors" will take profits. Asia asset bubble will callopse, stocks and property will drop 50% from the then peak. (Some stock counter can drop 90% from its then peak - Genting for example).
Then US will be rich again.
If $200K is your spare cash, join the game.
If $200K is all your savings, try the following sequence:
a) Buy some term insurace, in particular medical insurance for the whole family; fire term insurace, accidental term insurance, etc.
b) Buy some education insurace for your kids - university education is far more important than primary education.
c) Contribute to SRS to save tax;
d) Renovate your HDB to condo standard and enjoy it;
f) Leave the rest of money happily sleeping in the bank, like what the Japanese is doing.
If Step 6) really happens, CASH IS KING!
REIT have dropped 50%+ during last financial crisis. So it is not safe.
Thanks,
Richard
devilplate
31-10-10, 00:05
people got kid mah....
if he's in his twenties and still a DINK, then that's different.
Kids are damn expensive - the clothes alone can kill
little princess;)
devilplate
31-10-10, 00:16
last time i was told tat ppl in japan keep $$ in their fridge as banks offers zero interest+charge them mthly servicing fee...isit a joke or real? idk but i keep laughing when i heard tat last time:D
devilplate
31-10-10, 00:30
3) Send those printed money to Asia and push the asset price to bubble level in 2-4 years;
chun bor...dun make me happy leh:p
to me, bubble will be like at least another 50% increase from today's price within 2-3yrs for ppty, equities etc:spliff:
I would suggest to buy condo near MRT, International School and Amenities, then rent it out.
As for whether the price will continue to go up or will the bubbles burst, think of what is the price of the HDB compare to the current price.
Whether the price go up or down, as long as the unit is rented out, u still have money coming in.
A hypothetical amount.... It's not a lot, but I cant help wondering how the savvy property investors here will use $200k cash to grow. Anyone?
look for some penny stocks with good earnings the past few years,good chance of doubling your 200k within a year or two..
let me quote a real life good example:this stock 'c&o pharm' which was hovering around 25cts early part of this year,its now gone up to about 50cts n the best thing is it has given out dividends 3x totally 8.15cts since july this year..
its just a matter of picking the right stock,theres $$$ to b made..
at this point of time,its better than buying property. :spliff:
rattydrama
31-10-10, 01:12
ya picking the rite stock... this is a key question. No everyone can win big in stock. Only those who are savvy. I bought some stock before, blue chip...SPC.. and then was delisted.
:doh:
look for some penny stocks with good earnings the past few years,good chance of doubling your 200k within a year or two..
let me quote a real life good example:this stock 'c&o pharm' which was hovering around 25cts early part of this year,its now gone up to about 50cts n the best thing is it has given out dividends 3x totally 8.15cts since july this year..
its just a matter of picking the right stock,theres $$$ to b made..
at this point of time,its better than buying property. :spliff:
ya picking the rite stock... this is a key question. No everyone can win big in stock. Only those who are savvy. I bought some stock before, blue chip...SPC.. and then was delisted.
:doh:
of coz there's risk involve lah,no such thing as free lunch in this world mah! :tsk-tsk:
but regardless in anything we do,luck n timing also plays a big part...
fyi,SPC was also a good stock,it was a dollar only about 7 or 8 years ago n it shot up 5 to 6 folds before it got delisted..:spliff:
debutante's ball
boss, only people like you who appear in tatler and society mags need send kids to debutant's ball lah...
:doh:
bloody hell the rest of us are mere peasants....:D
i'm also a peasant lah. no need to be rich or famous nowadays - some semblance of respectability can liao. anyways its mainly the OGAs and those ladies' social clubs that organise these - make the old folks happy, family harmony
get massive returns on your ego and lifestyle by committing to an Audi or BMW convertible
Ha ha I used to think this too, until one day I realised that when I drive such a car, nobody even knows who I am. Just look around when you see such cars in future, do you know the driver inside?
How abt land banking ? Would anyone consider that with 200k
To start off with . Mid term investment of abt 5 yr rite? If nothing goes wrong
Nice to read the input from the gurus here.
Ok, how about if i have about 600k to invest by Q1 2011. What would you guys do? i am itching for ppty too but afraid of downside>upside. Thinking of Dunman View actually, problem is 99LH, TOP 2004. What do u guys think of the project? Afraid i buy then price goes down. any advice on the 2 questions? Thanks in advance.
devilplate
31-10-10, 11:24
Nice to read the input from the gurus here.
Ok, how about if i have about 600k to invest by Q1 2011. What would you guys do? i am itching for ppty too but afraid of downside>upside. Thinking of Dunman View actually, problem is 99LH, TOP 2004. What do u guys think of the project? Afraid i buy then price goes down. any advice on the 2 questions? Thanks in advance.
600k can pay for 2 mil ppty with 30pct down...i will spend half on a 1mil ppty and keep the rest as spare cash. Market goes either way, u win. Cannot showhand in today market oredi.
devilplate
31-10-10, 11:27
How abt land banking ? Would anyone consider that with 200k
To start off with . Mid term investment of abt 5 yr rite? If nothing goes wrong
U mean smthing like profitable plots?
U mean smthing like profitable plots?
That one already under MAS "dodgy" list leh. Anyway I m referring to land banking as a whole not that organization in particular
rattydrama
31-10-10, 13:11
that was what I tot as well... blue chip good stock....God Knows....Luckily I split to few stocks and din bang on SPC alone. Otherwise, heart pain.
of coz there's risk involve lah,no such thing as free lunch in this world mah! :tsk-tsk:
but regardless in anything we do,luck n timing also plays a big part...
fyi,SPC was also a good stock,it was a dollar only about 7 or 8 years ago n it shot up 5 to 6 folds before it got delisted..:spliff:
rattydrama
31-10-10, 13:19
land banking...where? US, UK?
land banking...where? US, UK?
That company start with W... Even my CFO bought. Must be some sort legit, no?
rattydrama
31-10-10, 14:14
That company start with W... Even my CFO bought. Must be some sort legit, no?
My friend bought it as well using something like 35K in 2001 for a canada land. She cash out after 7 years with 35% profits if not wrong. She re-entered again for a US land.
I went for a presentation by another company. I was quoted around $25 psf for a UK land and I could just park as little as 20K. I back out after 7 days cos cannot see and cannot touch. They refunded me. Was told no guarantee of capital appreciation.
In the end I bought some industrial land in Malaysia. The price has since appreciated but slow.
My another friend bought a small plot about 8 ha of agriculture land in Kulai. He plans to plant palm trees after his retirement.
you have a girl too? lol you're in the same boat as me dude. shd do kopi ine day
oh haha.. but you're way better off than me! You serious about kopi? I can use some good advice from you... maybe I can tell you more about my cashflow then and you can mentor me a little..
My friend bought it as well using something like 35K in 2001 for a canada land. She cash out after 7 years with 35% profits if not wrong. She re-entered again for a US land.
I went for a presentation by another company. I was quoted around $25 psf for a UK land and I could just park as little as 20K. I back out after 7 days cos cannot see and cannot touch. They refunded me. Was told no guarantee of capital appreciation.
In the end I bought some industrial land in Malaysia. The price has since appreciated but slow.
My another friend bought a small plot about 8 ha of agriculture land in Kulai. He plans to plant palm trees after his retirement.
I almost put $50k in land banking with the W company too.. but chicken out in the end... not too sure if it's really legit..
Land Bank is considered as owning "private propery" in the new HDB rule - at least techically.
Thanks,
Richard
I almost put $50k in land banking with the W company too.. but chicken out in the end... not too sure if it's really legit..
Huh this W company... :cool:
Seeing so many young and hot girls working for them, I felt extremely uncomfortable parting my money to them :cool:
Btw Nestor and gfoo u two should make out. Exatly same situation. Btw2, what's wrong with RGPS ? :confused:
This is very interesting thread.
How about if you have 1.5M SGD cash.
What is your recommendation?
Wild Falcon
31-10-10, 23:07
You sound so much like teddybear - exactly same style of writing and same English. Are you the same person? Can't even complete a post without using some part of a human anatomy.
I'm ok with talking straight but there is no need to use any vulgarities. I'm just saying that the "advice" you've given about not buying suburbia at all for whatever reason cannot be good advice. At different points in time, different areas may present interesting gems - just need more hard work in sieving out the gems. And suburbia is not even risky, because it is less dependent on the "international demand" and achieves the greatest yield in today's market. The only risk is government intervention - had the govt allow free market, suburbia will do even better.
There is no need to start spewing vulgarities even if you don't agree. And I never say buy property now. I just say, different areas present different opportunities. Don't be so stuck in a box.
don't talk cock lah.
you mean in the current environment, you'd want to touch suburban at these prices?
also, more singaporeans do buy suburban condos than prime so i don't know what point you are trying to make about following the herd?
i agree going against the herd, which means to shun suburban in this current climate. At $800 to $1200psf for suburbs, how much more do you expect suburban condos to appreciate?
you have said so yourself how much suburban condos have increased in price and not prime condos, so which one continues to be more undervalued? also, prime properties are a whole different animal, with a more international investor base and market than the suburban, so i'm afraid one cannot compare the two just based on % price appreciation in the past 2 years. what is important is the performance from now to the future. we cannot look at the past performance any more as any indicator of price performance.
i would recommend NOT investing in any property right now, whether suburban or prime.
devilplate
31-10-10, 23:17
This is very interesting thread.
How about if you have 1.5M SGD cash.
What is your recommendation?
jus retire and spend away the money lah:p
Huh this W company... :cool:
Seeing so many young and hot girls working for them, I felt extremely uncomfortable parting my money to them :cool:
Btw Nestor and gfoo u two should make out. Exatly same situation. Btw2, what's wrong with RGPS ? :confused:
Nothing wrong with RGPS.. In fact it is an excellent primary school.. The only downside is that it's a girls school.. In other words any boys later will mean the parent have to start all over again. Siblings are also automatically granted entry in top schools so it will be better for me to choose a mix one since I don't really have a lot of financial firepower.
Also, future generations have a 50% chance of not being able to exercise their affiliation since their children can be boys.
jus retire and spend away the money lah:p
1.5M SGD definetely not enough to retire. I did a calculation, based on my lifestyle, i would need at least minimum SGD 5M with paid main residence but ideally 10M.
Lets discuss about growing wealth :spliff:
devilplate
31-10-10, 23:53
1.5M SGD definetely not enough to retire. I did a calculation, based on my lifestyle, i would need at least minimum SGD 5M with paid main residence but ideally 10M.
Lets discuss about growing wealth :spliff:
when u achieve 5M, ur lifestyle upgrades and will nid at least 10M by den:p
Regulators
31-10-10, 23:53
who say cannot invest in property. search hard enough you can buy a shop...
devilplate
31-10-10, 23:59
who say cannot invest in property. search hard enough you can buy a shop...
ooo...smbody MIA for a while to hunt for shop lot:spliff:
Got some problem I heard. Heard that the school's focus is grooming top scholars (yes, "top scholars" - that means, if you child is not going to be a "top scholars", don't go there because they will not have the attention and help they deserves to close the gap with the "top scholars"). The same for NYPS. However, RGPS seems to be dominated by the Ah Nehs "top scholars" now. They are the minorities here and yet always emerge as top scholars in RGPS. Do they get better treatment or more attention/grooming in RGPS? Anybody know? :(
Nothing wrong with RGPS.. In fact it is an excellent primary school.. The only downside is that it's a girls school.. In other words any boys later will mean the parent have to start all over again. Siblings are also automatically granted entry in top schools so it will be better for me to choose a mix one since I don't really have a lot of financial firepower.
Also, future generations have a 50% chance of not being able to exercise their affiliation since their children can be boys.
Btw Nestor and gfoo u two should make out.
:scared-1: :scared-1: :eek: :scared-1: :eek: :scared-4: :scared-5: :scared-4: :eek:
That Lord Anuls just got scolded by me recently. You mean I scold myself? :tongue3:
However, I must admit that he got a point here on "don't buy surburbia (private properties) because price already too high" - Your arguments are full of holes and you got smacked by him! :p
You argument doesn't hold water as follows:
- And suburbia is not even risky, because it is less dependent on the "international demand" and achieves the greatest yield in today's market.
Price so high still not risky? Precisely because it depends on local income for price rise so that is why there is no way the price can fly higher since most buyers of OCR properties are already stretching to the limit buying at >=$1000 psf!. Just wait for interest to increase to >4% and there will be fire sales everywhere! (just a matter of time for interest rate to increase!). Greatest yield? Ha ha ha! Greatest yield based yester-year's prices? No wonder!
The only risk is government intervention - had the govt allow free market, suburbia will do even better.
There is no way the govt will let OCR prices rise too much because it means most of the buyers will be over-stretching themselves and may cause banks to collapse! As such, for sure the government will intervene in OCR property market (as is HDB market). That is another reason OCR private properties will never fly! :p You can continue to dream that OCR private property prices will close the gap with prime private properties to reach >$5000 psf!
You sound so much like teddybear - exactly same style of writing and same English. Are you the same person? Can't even complete a post without using some part of a human anatomy.
I'm ok with talking straight but there is no need to use any vulgarities. I'm just saying that the "advice" you've given about not buying suburbia at all for whatever reason cannot be good advice. At different points in time, different areas may present interesting gems - just need more hard work in sieving out the gems. And suburbia is not even risky, because it is less dependent on the "international demand" and achieves the greatest yield in today's market. The only risk is government intervention - had the govt allow free market, suburbia will do even better.
There is no need to start spewing vulgarities even if you don't agree. And I never say buy property now. I just say, different areas present different opportunities. Don't be so stuck in a box.
wild falcon is indirectly tellin u to go f..k yourself:D :D
That Lord Anuls just got scolded by me recently. You mean I scold myself? :tongue3:
However, I must admit that he got a point here on "don't buy surburbia (private properties) because price already too high" - Your arguments are full of holes and you got smacked by him! :p
You argument doesn't hold water as follows:
- And suburbia is not even risky, because it is less dependent on the "international demand" and achieves the greatest yield in today's market.
Price so high still not risky? Precisely because it depends on local income for price rise so that is why there is no way the price can fly higher since most buyers of OCR properties are already stretching to the limit buying at >=$1000 psf!. Just wait for interest to increase to >4% and there will be fire sales everywhere! (just a matter of time for interest rate to increase!). Greatest yield? Ha ha ha! Greatest yield based yester-year's prices? No wonder!
The only risk is government intervention - had the govt allow free market, suburbia will do even better.
There is no way the govt will let OCR prices rise too much because it means most of the buyers will be over-stretching themselves and may cause banks to collapse! As such, for sure the government will intervene in OCR property market (as is HDB market). That is another reason OCR private properties will never fly! :p You can continue to dream that OCR private property prices will close the gap with prime private properties to reach >$5000 psf!
That Lord Anuls just got scolded by me recently. You mean I scold myself? :tongue3:
However, I must admit that he got a point here on "don't buy surburbia (private properties) because price already too high" - Your arguments are full of holes and you got smacked by him! :p
You argument doesn't hold water as follows:
- And suburbia is not even risky, because it is less dependent on the "international demand" and achieves the greatest yield in today's market.
Price so high still not risky? Precisely because it depends on local income for price rise so that is why there is no way the price can fly higher since most buyers of OCR properties are already stretching to the limit buying at >=$1000 psf!. Just wait for interest to increase to >4% and there will be fire sales everywhere! (just a matter of time for interest rate to increase!). Greatest yield? Ha ha ha! Greatest yield based yester-year's prices? No wonder!
The only risk is government intervention - had the govt allow free market, suburbia will do even better.
There is no way the govt will let OCR prices rise too much because it means most of the buyers will be over-stretching themselves and may cause banks to collapse! As such, for sure the government will intervene in OCR property market (as is HDB market). That is another reason OCR private properties will never fly! :p You can continue to dream that OCR private property prices will close the gap with prime private properties to reach >$5000 psf!
I agree with your argument to a large extent.. But sometimes I really think that OCR property, though increased alot in price, but still very affordable. If people like me who do not even qualify as a middle income group can afford a 1mil property, many people can afford it comfortably. Alot of my friends bought private with their combined income only slightly above 10K per month. I would think that only if prices of mass condo is out of reach to people below middle income group, then considered reasonable. The rest should stay in HDB. If not everyone can own a condo, so whats the big deal?:tongue3:
wiht 200K better to buy now Double bay residence in D18 as area is under value and with singapore 4th uni opening up prices are going to zoom up.:)
I agree with your argument to a large extent.. But sometimes I really think that OCR property, though increased alot in price, but still very affordable. If people like me who do not even qualify as a middle income group can afford a 1mil property, many people can afford it comfortably. Alot of my friends bought private with their combined income only slightly above 10K per month. I would think that only if prices of mass condo is out of reach to people below middle income group, then considered reasonable. The rest should stay in HDB. If not everyone can own a condo, so whats the big deal?:tongue3:
Tanumy are you under Double Bay Black Magic? :)
I think we like you, why not post something different? Like your favorite food you know ... like Chicken rice extra egg or something? :D
OCR is definitely affordable, even in today's context.
Anyone with an income above HDB ceiling is able to afford one.
But the issue here is more sentiment. If the general "feel" is "now it's too high", every one will stop buying. However after a few months if the sentiment changes, every one will buy again.
from 2006 to 2010, there is no real income change for the middle class. And yet mass market prices jump 50%. It's just the sentiment change. Previously something at $650 was considered "nor worth" (e.g. Double Bay), now $900 becomes acceptable.
If managed to save only $200k over these few years also cannot keep up with the price increase to buy a decent unit.:(
I am thinking that if OCR at $1000-1200 psf is still considered affordable, then RCR at $1400-1800 psf and CCR at $2300-3000 psf must have been quite undervalued! :cheers1: So those who said CCR over-valued and not worth buying and OCR under-valued and is good-value buy doesn't quite hold water? :p
Furthermore, from 1997-2010, the higher income group has increased in absolute number and has also pulled ahead with even much higher income at the top 10% compared to the bottom 80%. Now the top 10% household income is already like at least $20k per month while previously it was like only $15k per month (based on memory, not actual figure, whoever has actual figure readily on hand please let us know). :cheers1:
OCR is definitely affordable, even in today's context.
Anyone with an income above HDB ceiling is able to afford one.
But the issue here is more sentiment. If the general "feel" is "now it's too high", every one will stop buying. However after a few months if the sentiment changes, every one will buy again.
from 2006 to 2010, there is no real income change for the middle class. And yet mass market prices jump 50%. It's just the sentiment change. Previously something at $650 was considered "nor worth" (e.g. Double Bay), now $900 becomes acceptable.
devilplate
01-11-10, 13:08
I am thinking that if OCR at $1000-1200 psf is still considered affordable, then RCR at $1400-1800 psf and CCR at $2300-3000 psf must have been quite undervalued! :cheers1: So those who said CCR over-valued and not worth buying and OCR under-valued and is good-value buy doesn't quite hold water? :p
Furthermore, from 1997-2010, the higher income group has increased in absolute number and has also pulled ahead with even much higher income at the top 10% compared to the bottom 80%. Now the top 10% household income is already like at least $20k per month while previously it was like only $15k per month (based on memory, not actual figure, whoever has actual figure readily on hand please let us know). :cheers1:
u nvr make $$ out of OCR this round ar?
if any of you had taken my tip and bought keppel corp when it opened today, you would have made at least .20 by now. don't even have to hold the stock for one day.
My view is that the so called segmentation of CCR, RCR and OCR is archaic - times have changed and you see the 'primeness' of the so called prime districts diluting...and buyers don't really care about suburbs or prime that much as commutation improves.
rattydrama
01-11-10, 14:14
MRT stations will be building around the whole Island. I suppose the price gap will be narrowed.
Public train system is even more complete and better in HK, London and Paris, but the price gap between their equivalent CCR vs OCR is multiple times higher than that of in Singapore! (Prime pivate property prices have little correlation to MRT stations nearby (only OCR private properties prices may be), otherwise Ardmore Park will not sell at >$3700 psf!) :p
MRT stations will be building around the whole Island. I suppose the price gap will be narrowed.
London and Paris existed much longer than the whole history of Singapore! Despite the tremendous improvement in public transport and popularization of private vehicles, the price multiples of properties in the central of London and Paris vs those of outskirts actually increased multiple times more! :scared-3:
My view is that the so called segmentation of CCR, RCR and OCR is archaic - times have changed and you see the 'primeness' of the so called prime districts diluting...and buyers don't really care about suburbs or prime that much as commutation improves.
I am thinking that if OCR at $1000-1200 psf is still considered affordable, then RCR at $1400-1800 psf and CCR at $2300-3000 psf must have been quite undervalued!
hey I only say 1000 is affordable, not 1200. 1200 is 20% higher ok :)
For me, CCR, in SG context, is hard to have super high prices like HK. There are insufficient cash rich foreign buyers. And fund managers are not interested in SG pty market. It's too small.
devilplate
01-11-10, 16:13
hey I only say 1000 is affordable, not 1200. 1200 is 20% higher ok :)
For me, CCR, in SG context, is hard to have super high prices like HK. There are insufficient cash rich foreign buyers. And fund managers are not interested in SG pty market. It's too small.
ya lor...HK got china richies....
SG only hope for overflows....even for the hot monies
Why not? SG got Richies from Indonesia, China, India, Thailand, Mynmar, Malaysia, etc - More variety of buyers than HK! They are here for a variety of reasons! E.g. Indonesia - The richies are mostly Chinese, scare got massacred, so their families are here in SG while they fly in & out of Indonesia & SG on business. The rest for all other reasons (e.g. wash money, political reasons, etc). In fact, since the buyers are of more vary background, there are more potential buyers and should go up higher than HK!
hey I only say 1000 is affordable, not 1200. 1200 is 20% higher ok :)
For me, CCR, in SG context, is hard to have super high prices like HK. There are insufficient cash rich foreign buyers. And fund managers are not interested in SG pty market. It's too small.
Why not? SG got Richies from Indonesia, China, India, Thailand, Mynmar, Malaysia, etc - More variety of buyers than HK! They are here for a variety of reasons! E.g. Indonesia - The richies are mostly Chinese, scare got massacred, so their families are here in SG while they fly in & out of Indonesia & SG on business. The rest for all other reasons (e.g. wash money, political reasons, etc). In fact, since the buyers are of more vary background, there are more potential buyers and should go up higher than HK!
brother bear, pls go and compare number of china richies, european richies and japan/korea richies investing in HK and the southeast asian richies investing in SG.
the number of richies in china alone can surpass x10 the combined number of richies in southeast asia.
London and Paris existed much longer than the whole history of Singapore! Despite the tremendous improvement in public transport and popularization of private vehicles, the price multiples of properties in the central of London and Paris vs those of outskirts actually increased multiple times more! :scared-3:
Singapore is much tinier - it's a different case and also, London and Paris concentrates their industry powerhouses into a couple of locations (eg Mayfair) hence increasing the property prices drastically in those areas (their CCRs)
Singapore does not do that - we spread that out - it really depends on the strategy the government is employing, not the history (or even commutation) of the city. If government is happy with Shenton Way / Orchard, we won't be developing Marina Bay or Lakeside or Seletar etc etc :2cents:
Condo Collector
01-11-10, 23:09
Singapore is much tinier - it's a different case and also, London and Paris concentrates their industry powerhouses into a couple of locations (eg Mayfair) hence increasing the property prices drastically in those areas (their CCRs)
Singapore does not do that - we spread that out - it really depends on the strategy the government is employing, not the history (or even commutation) of the city. If government is happy with Shenton Way / Orchard, we won't be developing Marina Bay or Lakeside or Seletar etc etc :2cents:
What talking you? Govt is preparing Singapore for 6.5mil population. Of course need some expansion lah.
Hi, anyonw know how to get info of transactions of subsale units of a particular project? For Hdb there is this recent transacted price info on HDB web. What about private?:confused:
kingkong1984
02-11-10, 07:44
Why u want to know? Better dun look..... Not too good now. Paid service at ura web site. Daily access and yearly access pricing avsilable theeere:mad:
Geylang OKT
02-11-10, 10:07
Hi, anyonw know how to get info of transactions of subsale units of a particular project? For Hdb there is this recent transacted price info on HDB web. What about private?:confused:
Whose privates do you want to look at? I can helpch you :D
Whose privates do you want to look at? I can helpch you :D
Thinking of subselling my unit at Primo residences, would it be too fast or should I wait? dun mind lose abit if can wait for better deal when price correct:o ..
Thinking of subselling my unit at Primo residences, would it be too fast or should I wait? dun mind lose abit if can wait for better deal when price correct:o ..
If I am not mistaken, u r the one who bought Primo penthouse for own stay? If yes, y sell now? Continue to stay in HDB?
if any of you had taken my tip and bought keppel corp when it opened today, you would have made at least .20 by now. don't even have to hold the stock for one day.
ya, I posted 3 days back to buy 20 lots of HSI index
profit is 800 points xHK$50 X 20 lots
who know what is going to be tomorrow then
If I am not mistaken, u r the one who bought Primo penthouse for own stay? If yes, y sell now? Continue to stay in HDB?
I sold my hdb to fund primo at 50% loan. M happily staying with my in laws now. If can sell, then I will wait to grab a bigger unit at a lower price when price correct downwards. IN the end for a lower or the same price or slightly higher i can get a bigger penthouse? When I bought Primo, I din even know tat this forum exist, hence I dunno what is MM units. Now knowing what is MM units, I will not get MM again cos it should be avoided according to the experts:)
Wild Falcon
02-11-10, 20:07
U can try streetsine.com and trace the same unit to uncover subsale.
Hi, anyonw know how to get info of transactions of subsale units of a particular project? For Hdb there is this recent transacted price info on HDB web. What about private?:confused:
rattydrama
05-11-10, 09:50
I ever stay with my MIL for more than 2 years. Even thou she nice and good over all it is still not a good experience cos of different ways of teachings in upbringing the kids.
If you sell your private for this sole reasons, suggest you re-consider.
The relationship is better now as she has moved out and only visits me once a while.
Until today, I really thanked her for the help and support over those period.
I sold my hdb to fund primo at 50% loan. M happily staying with my in laws now. If can sell, then I will wait to grab a bigger unit at a lower price when price correct downwards. IN the end for a lower or the same price or slightly higher i can get a bigger penthouse? When I bought Primo, I din even know tat this forum exist, hence I dunno what is MM units. Now knowing what is MM units, I will not get MM again cos it should be avoided according to the experts:)
devilplate
05-11-10, 11:07
I sold my hdb to fund primo at 50% loan. M happily staying with my in laws now. If can sell, then I will wait to grab a bigger unit at a lower price when price correct downwards. IN the end for a lower or the same price or slightly higher i can get a bigger penthouse? When I bought Primo, I din even know tat this forum exist, hence I dunno what is MM units. Now knowing what is MM units, I will not get MM again cos it should be avoided according to the experts:)
just ask some agts to market for u lor....if hit ur target px den u consider to sell anot lor....i dun see any subsale tx
from wat i see from stsine, only 1bedders possible to flip....if u hv bot for investment, the 1bedder actually quite a good price at around 1050psf and possible to subsale it ard 1200psf since kovan grandeur MM oredi 1100psf for 99LH status(both same distance to MRT)
urs is a 2bedder PH bot close to 1kpsf...its tough for u to even fetch 1.1kpsf and u bot in May rite...kena 3% SSD rite? mabe u shd only try selling after 1st yr:2cents:
So now can buy what shares ar?
I want to invest my money but im a noob!
:beats-me-man:
Is it wise to invest in gold now given that prices are soooo high?
So now can buy what shares ar?
I want to invest my money but im a noob!
:beats-me-man:
US Market - RVBD
Good Luck
Is it wise to invest in gold now given that prices are soooo high?
Gold is good, it cannot be printed. China and India are still buying gold. I bought a bit too... Money cannot be trusted anymore...
If you like properties so much... I guess its much cheaper to buy Property stocks or REITs.
Some choices for you.
1. Guthrie
2. StarHill Global
3. RoxyPacific
4. LeeKimTah
The yield for the above ranges from 3% to 6.5%.
Gold is good, it cannot be printed. China and India are still buying gold. I bought a bit too... Money cannot be trusted anymore...
If you say until like that, why buy only a bit. Why not sell everything, take your cash out, close your bank acc and buy more la!
You really believe what you are saying or just say for fun niah?
Gold is for diversification of investment. Anyway since I bought the price has increased significantly. My other investments are currently locked so cannot touch yet... I will wait for opportunity to go in again when price dips a bit. Remember QE3 or even QE4 is on the way, so gold price is likely to go up even higher.
Adding this to my reply: http://wallstreetpit.com/50779-india-and-china-driving-gold-demand
Gold is for diversification of investment. Anyway since I bought the price has increased significantly. My other investments are currently locked so cannot touch yet... I will wait for opportunity to go in again when price dips a bit. Remember QE3 or even QE4 is on the way, so gold price is likely to go up even higher.
That's a sweeping statement. Speculating on QE3 and QE4 is a dangerous game. Looking at current US Treasury Yields (due to ballooning deficits taking the center stage), QE2 may be the last. US's AAA credit rating will also be threatened if QE3 takes place and that increases the Yield which effectively increases interest rates in the US which is opposite of what the FED is trying to achieve.
My take? 2011 may be a bad year for stocks, gold and commodity. Property lags behind stocks so get ready for the plunge.
The first round of $600 bil QE2 is just the start.
http://smartinvestor.in/market/Econnews-51351-Econnewsdet-Bernanke_doesnt_rule_out_QE2_exceeding_600_billion_Report.htm
My take for 2011 is just the opposite of yours: This is for oil alone
http://www.bloomberg.com/news/2010-12-10/iea-raises-2011-global-oil-demand-forecast-for-a-third-month-citing-china.html and we all know food prices are increasing rapidly due to climate change and inflation.
The first round of $600 bil QE2 is just the start.
http://smartinvestor.in/market/Econnews-51351-Econnewsdet-Bernanke_doesnt_rule_out_QE2_exceeding_600_billion_Report.htm
My take for 2011 is just the opposite of yours: This is for oil alone
http://www.bloomberg.com/news/2010-12-10/iea-raises-2011-global-oil-demand-forecast-for-a-third-month-citing-china.html and we all know food prices are increasing rapidly due to climate change and inflation.
Still prefer to put the $200k into an acceptable sized good property in a good location. Everything else is unclear, but some things are clear - govt is going to spend more $ making the estates beautiful, sports hub in Kallang will open and they have to make that place vibrant, thomson and eastern region lines will be announced sooner or later, the south will be further developed, all the shops in Marina Sands will open, east coast park is cleaning up to become nicer and quiet, punggol and jurong will soon have alot more shopping choices. Let's all wait for the concept/masterplan to come out in 2011 after the elections. The fact that someone asked how to spend $200k proves some people really still have cold hard cash to spend somewhere. Fat hope for property price correction when people can more than afford to spend or hold onto their properties.
I am surprised that people can be so naive.
All it takes is one bomb to go off in orchard rd or changi and we shall see the house of cards tumbling down. Property will hit 1970's level.
Oh! I forgot about the mad man in north korea. All he needs to do is press the red button.....
I am surprised that people can be so naive.
All it takes is one bomb to go off in orchard rd or changi and we shall see the house of cards tumbling down. Property will hit 1970's level.
Oh! I forgot about the mad man in north korea. All he needs to do is press the red button.....
So for your own case, what is your preparation? Pray tell us.
Wah! He press RED button and many rich South Koreans will come to buy properties in Singapore and live here! Good good! :p
(Actually, he don't even need to press, he had already threatened and we are already seeing increasing rich South Koreans looking for prime properties in Singapore!).
I am surprised that people can be so naive.
All it takes is one bomb to go off in orchard rd or changi and we shall see the house of cards tumbling down. Property will hit 1970's level.
Oh! I forgot about the mad man in north korea. All he needs to do is press the red button.....
Buy more prime properties and prepare to sell to the rich South Koreans heading south to Singapore? :D
So for your own case, what is your preparation? Pray tell us.
I am surprised that people can be so naive.
All it takes is one bomb to go off in orchard rd or changi and we shall see the house of cards tumbling down. Property will hit 1970's level.
Oh! I forgot about the mad man in north korea. All he needs to do is press the red button.....
Only 1 bomb so far, courtesy of Pres. Sukarno, Indonesia :)
The "mad" man usually press red buttons for room service - so no worries mate.
But I am really interested to hear you un-naive thoughts. Care to educate on what you have done so far in preparation for button pushing?
only buy condos with bomb shelters?
Only 1 bomb so far, courtesy of Pres. Sukarno, Indonesia :)
The "mad" man usually press red buttons for room service - so no worries mate.
LOL! So funny..
I am surprised that people can be so naive.
All it takes is one bomb to go off in orchard rd or changi and we shall see the house of cards tumbling down. Property will hit 1970's level.
Oh! I forgot about the mad man in north korea. All he needs to do is press the red button.....
1970s level.... that's a fraction of current prices...:scared-4:
too drama right?:tsk-tsk:
1970s level.... that's a fraction of current prices...:scared-4:
too drama right?:tsk-tsk:
actually I like to propose a win-win situation with Orange.
if a bomb explodes in Singapore in 2011, be it from Sukarno wannabe or extremist, I would buy Orange's properties at 1986 prices instead of 1970's level, which is a big win for Orange.
I wonder if Orange will agree.
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