View Full Version : 70% of sky habitat snapped up in a day!
8000psf? Got a HK friend who told me HK prices up 5% YTD. Anyone tracking that market to validate that number?
I track the number very closely.
This is the site keeping all the transacted prices and index
http://hk.centadata.com/
phantom_opera
26-04-12, 12:02
http://hk.centadata.com/cci/images/ccli_chart.png
Guess prime HK property already pass 1997 peak
Singapore chart is too slow
http://www.ires.nus.edu.sg/webapp/images/srpi/srpi_201203.gif
Guess prime HK property already pass 1997 peak
Singapore chart is too slow
look at this, it is more frightening
http://www.rvd.gov.hk/en/doc/statistics/graph2.pdf
Sg is slow mainly due to CM and supply.
look at this, it is more frightening
http://www.rvd.gov.hk/en/doc/statistics/graph2.pdf
Sg is slow mainly due to CM and supply.
Thats why I say our commercial properties are only seeing the beginning of the new era! Prices has only start to increase recently.
DKSG
Savills' analysis of URA Realis caveats data shows 1,142 resale deals for private homes (excluding ECs and en bloc sales) done in March - double the 565 caveats for February and more than three times January's volume of 314 transactions. The March number also exceeds December's volume of 776 and November's 981.
=> My own observation also, resale asking prices at OCR up by at least 10% since Sky Habitat's success. After Katong Regency sold out in one week, sellers will raise prices by another 5% soon.
HDB rental also up by 10-15% since January ... :cheers5:
Let us all HUAT HUAT HUAT ah!!!!!!!!!! Early birds, cans of worms have been opened for us to feed!
Rosegarden
26-04-12, 14:16
Laguna, amk, teddybear are old timers who contributed a lot to this forum, please stay cool and have some respect for them la
:cool:
Respect is cool, if done mutually, for it is a two way street bro. Otherwise, "contributions" could just be a few people tcss. :cool:
phantom_opera
26-04-12, 14:19
Respect is cool, if done mutually, for it is a two way street bro. Otherwise, "contributions" could just be a few people tcss. :cool:
I think they might have their own personal agenda mixed in with their contribution ... just read between the lines .. no need to mount personal attack :cool:
I think they might have their own personal agenda mixed in with their contribution ... just read between the lines .. no need to mount personal attack :cool:
Actually these "old timers" should be thankful that for people like us who challenge their thoughts instead letting them get carried away into thinking that they are the smartest arse in this forum and everyone else are suckers.
Rosegarden
26-04-12, 14:32
I think they might have their own personal agenda mixed in with their contribution ... just read between the lines .. no need to mount personal attack :cool:
Personal agendas, personal attacks, can't take challenges (or even innocent questions) ...
Ok got the picture.
http://farm6.staticflickr.com/5111/7114940719_aa7302e6ff_b.jpg
If you understand the current situation of all the 3 asset classes, it is hard not to see why some are chionging [aka cheques flying everywhere n balloting in cbd shops etc..]. Remeber grade A office rental now hover around 10+, peak was 18 or 19 psf/mth still far cry. Especially in comm, rental and psf goes hand in hand.. everything is all about yield
Worst still! you have zero contribution and credibility. All you know is smearing people here! Who is going to take you seriously! What are all of you (you, rosegarden and a few more of you with the recent signed up date - March & April time frame) doing here! You can't use your old nick because losing all the credibility with the old nick and then reincarnated with the new nick to attack us! :doh:
We don't take your challenge because i has no substance at you!!
Nothing but just a kid throwing throwing tantrum !
Wohahahhahhaa
Actually these "old timers" should be thankful that for people like us who challenge their thoughts instead letting them get carried away into thinking that they are the smartest arse in this forum and everyone else are suckers.
hush hush hush baby, don't throw your tantalum here. Here is your pacifier!
Personal agendas, personal attacks, can't take challenges (or even innocent questions) ...
Ok got the picture.
Rosegarden
26-04-12, 14:55
hush hush hush baby, don't throw your tantalum here. Here is your pacifier!
Tantalum? LOL you are losing your cool bro.
Don't drag me into your fight.
Worst still! you have zero contribution and credibility. All you know is smearing people here! Who is going to take you seriously! What are all of you (you, rosegarden and a few more of you with the recent signed up date - March & April time frame) doing here! You can't use your old nick because losing all the credibility with the old nick and then reincarnated with the new nick to attack us! :doh:
We don't take your challenge because i has no substance at you!!
Nothing but just a kid throwing throwing tantrum !
Wohahahhahhaa
I am aware of your eagerness to contribute (also brag about Hermes, CCR etc) and establishing "credibility" in this forum.
Perhaps your eagerness of trying to be the best and smartest in this forum is the reason why you always get involve with silly arguments with forummers. I have noticed that every time when someone share their different opinion you will always get so defensive. bragging about your "seniority" and your so-called "contribution" to this forum to belittle others. or sometime to the extend of using KNNBCCB at other forummers.
You might have Hermes (given benefit of doubt), live in CCR etc etc, but sad to say, you doesnt really have the class to carry them regardless how hard you try.
Tantalum? LOL you are losing your cool bro.
Don't drag me into your fight.
what's a tantalum? tarantula kind of tantrum?
Teddy, if credibility is important to you, why not like others said, post a photo of your 30 years old Hermes bag to shut others up, instead of giving 1001 excuses
Rosegarden
26-04-12, 15:04
what's a tantalum? tarantula kind of tantrum?
LOL :D:D:D
This is a typical sour grape behavior!
When can't take it, then losing your cool here.
Before you even talk bad about other people, plse buy a nice and clear mirror for you to see for your "PIG" look first.
Who doesn't brag here! You didn't! Who is that person can't wait to claim that he has bought EC once got married and then 5 year later, bought another property for investment and then another 5 years later bought another property (give you benefit of doubt).
It is very amusing..hahahha..:p
I am aware of your eagerness to contribute (also brag about Hermes, CCR etc) and establishing "credibility" in this forum.
Perhaps your eagerness of trying to be the best and smartest in this forum is the reason why you always get involve with silly arguments with forummers. I have noticed that every time when someone share their different opinion you will always get so defensive. bragging about your "seniority" and your so-called "contribution" to this forum to belittle others. or sometime to the extend of using KNNBCCB at other forummers.
You might have Hermes (given benefit of doubt), live in CCR etc etc, but sad to say, you doesnt really have the class to carry them regardless how hard you try.
Tantalum (http://upload.wikimedia.org/wikipedia/commons/thumb/8/8a/Loudspeaker.svg/11px-Loudspeaker.svg.png / (http://en.wikipedia.org/wiki/Wikipedia:IPA_for_English)ˈ (http://en.wikipedia.org/wiki/Wikipedia:IPA_for_English#Key)t (http://en.wikipedia.org/wiki/Wikipedia:IPA_for_English#Key)ć (http://en.wikipedia.org/wiki/Wikipedia:IPA_for_English#Key)n (http://en.wikipedia.org/wiki/Wikipedia:IPA_for_English#Key)t (http://en.wikipedia.org/wiki/Wikipedia:IPA_for_English#Key)ə (http://en.wikipedia.org/wiki/Wikipedia:IPA_for_English#Key)l (http://en.wikipedia.org/wiki/Wikipedia:IPA_for_English#Key)əm (http://en.wikipedia.org/wiki/Wikipedia:IPA_for_English#Key)/ (http://en.wikipedia.org/wiki/Wikipedia:IPA_for_English) TAN-təl-əm (http://en.wikipedia.org/wiki/Wikipedia:Pronunciation_respelling_key)) is a chemical element (http://en.wikipedia.org/wiki/Chemical_element) with the symbol Ta and atomic number (http://en.wikipedia.org/wiki/Atomic_number) 73. Previously known as tantalium, the name comes from Tantalus (http://en.wikipedia.org/wiki/Tantalus), a character from Greek mythology.[3] (http://en.wikipedia.org/wiki/Tantalum#cite_note-2) Tantalum is a rare, hard, blue-gray, lustrous (http://en.wikipedia.org/wiki/Lustre_%28mineralogy%29) transition metal (http://en.wikipedia.org/wiki/Transition_metal) that is highly corrosion resistant. It is part of the refractory metals (http://en.wikipedia.org/wiki/Refractory_metals) group, which are widely used as minor component in alloys. The chemical inertness of tantalum makes it a valuable substance for laboratory equipment and a substitute for platinum (http://en.wikipedia.org/wiki/Platinum), but its main use today is in tantalum capacitors (http://en.wikipedia.org/wiki/Tantalum_capacitor) in electronic (http://en.wikipedia.org/wiki/Electronics) equipment such as mobile phones (http://en.wikipedia.org/wiki/Mobile_phone), DVD players (http://en.wikipedia.org/wiki/DVD_player), video game systems (http://en.wikipedia.org/wiki/Video_game_systems) and computers (http://en.wikipedia.org/wiki/Personal_computer). Tantalum, always together with the chemically similar niobium (http://en.wikipedia.org/wiki/Niobium), occurs in the minerals (http://en.wikipedia.org/wiki/Mineral) tantalite (http://en.wikipedia.org/wiki/Tantalite), columbite (http://en.wikipedia.org/wiki/Columbite) and coltan (http://en.wikipedia.org/wiki/Coltan) (a mix of columbite and tantalite).
Tantalum (http://upload.wikimedia.org/wikipedia/commons/thumb/8/8a/Loudspeaker.svg/11px-Loudspeaker.svg.png / (http://en.wikipedia.org/wiki/Wikipedia:IPA_for_English)ˈ (http://en.wikipedia.org/wiki/Wikipedia:IPA_for_English#Key)t (http://en.wikipedia.org/wiki/Wikipedia:IPA_for_English#Key)ć (http://en.wikipedia.org/wiki/Wikipedia:IPA_for_English#Key)n (http://en.wikipedia.org/wiki/Wikipedia:IPA_for_English#Key)t (http://en.wikipedia.org/wiki/Wikipedia:IPA_for_English#Key)ə (http://en.wikipedia.org/wiki/Wikipedia:IPA_for_English#Key)l (http://en.wikipedia.org/wiki/Wikipedia:IPA_for_English#Key)əm (http://en.wikipedia.org/wiki/Wikipedia:IPA_for_English#Key)/ (http://en.wikipedia.org/wiki/Wikipedia:IPA_for_English) TAN-təl-əm (http://en.wikipedia.org/wiki/Wikipedia:Pronunciation_respelling_key)) is a chemical element (http://en.wikipedia.org/wiki/Chemical_element) with the symbol Ta and atomic number (http://en.wikipedia.org/wiki/Atomic_number) 73. Previously known as tantalium, the name comes from Tantalus (http://en.wikipedia.org/wiki/Tantalus), a character from Greek mythology.[3] (http://en.wikipedia.org/wiki/Tantalum#cite_note-2) Tantalum is a rare, hard, blue-gray, lustrous (http://en.wikipedia.org/wiki/Lustre_%28mineralogy%29) transition metal (http://en.wikipedia.org/wiki/Transition_metal) that is highly corrosion resistant. It is part of the refractory metals (http://en.wikipedia.org/wiki/Refractory_metals) group, which are widely used as minor component in alloys. The chemical inertness of tantalum makes it a valuable substance for laboratory equipment and a substitute for platinum (http://en.wikipedia.org/wiki/Platinum), but its main use today is in tantalum capacitors (http://en.wikipedia.org/wiki/Tantalum_capacitor) in electronic (http://en.wikipedia.org/wiki/Electronics) equipment such as mobile phones (http://en.wikipedia.org/wiki/Mobile_phone), DVD players (http://en.wikipedia.org/wiki/DVD_player), video game systems (http://en.wikipedia.org/wiki/Video_game_systems) and computers (http://en.wikipedia.org/wiki/Personal_computer). Tantalum, always together with the chemically similar niobium (http://en.wikipedia.org/wiki/Niobium), occurs in the minerals (http://en.wikipedia.org/wiki/Mineral) tantalite (http://en.wikipedia.org/wiki/Tantalite), columbite (http://en.wikipedia.org/wiki/Columbite) and coltan (http://en.wikipedia.org/wiki/Coltan) (a mix of columbite and tantalite).
i'm absolutely sure the argument isn't about a chemical entity on the periodic table......:confused:
You need to read more la..
Tantalum? LOL you are losing your cool bro.
Don't drag me into your fight.
This is a typical sour grape behavior!
When can't take it, then losing your cool here.
Before you even talk bad about other people, plse buy a nice and clear mirror for you to see for your "PIG" look first.
Who doesn't brag here! You didn't! Who is that person can't wait to claim that he has bought EC once got married and then 5 year later, bought another property for investment and then another 5 years later bought another property (give you benefit of doubt).
It is very amusing..hahahha..:p
Your opening statement simply says it all.
Sour grape? Do you mean to say that YOU, Teddybear is so great the everyone in this forums are fighting one another just to be near YOU?
OMFG....the thought is good enough to make me cringed
Thankful to you a newbie here trying to stir up trouble? You just joined recently & you make such comments on old timers? From the way you write, you are trying to tell forumers here you are the smartest ass in this forum? Think KKNBCCB fits you very well! Wakekekeke....... :tongue3:
Actually these "old timers" should be thankful that for people like us who challenge their thoughts instead letting them get carried away into thinking that they are the smartest arse in this forum and everyone else are suckers.
Thankful to you a newbie here trying to stir up trouble? You just joined recently & you make such comments on old timers? From the way you write, you are trying to tell forumers here you are the smartest ass in this forum? Think KKNBCCB fits you very well! Wakekekeke....... :tongue3:
there is no need to belittle others just because they are newbie in this forum because what really matters is what happen in the real world, not what you said in the forum.
All that hermes bag collection you claim you have...that is just fairytale to me. unless of course you can prove it
louisebrown
26-04-12, 19:25
Thankful to you a newbie here trying to stir up trouble? You just joined recently & you make such comments on old timers? From the way you write, you are trying to tell forumers here you are the smartest ass in this forum? Think KKNBCCB fits you very well! Wakekekeke....... :tongue3:
Fringehead, go back to your scraps. U need food for your underdeveloped gut.
louisebrown
26-04-12, 19:27
Worst still! you have zero contribution and credibility. All you know is smearing people here! Who is going to take you seriously! What are all of you (you, rosegarden and a few more of you with the recent signed up date - March & April time frame) doing here! You can't use your old nick because losing all the credibility with the old nick and then reincarnated with the new nick to attack us! :doh:
We don't take your challenge because i has no substance at you!!
Nothing but just a kid throwing throwing tantrum !
Wohahahhahhaa
Fringehead, what's that mushy substance between your ears? Get yourself an education.
phantom_opera
26-04-12, 19:29
Ha ha ha ... please get used to teddybear style .. that makes this forum interesting with his KNN
Brown tongue, you always come out at the right to get your tongue brown. You need shit to get your tongue brown for your underdeveloped gut :p
Fringehead, go back to your scraps. U need food for your underdeveloped gut.
Brown tongue, you have my sympathy for having to brown tongue all the way from your home country to Singapore :scared-3:
If you don't brown tongue here, you will lose your job and will be kicked out of this loving country. This explains your enthusiasm of coming out to brown tongue here
HAhahahhahah......:p
Fringehead, what's that mushy substance between your ears? Get yourself an education.
louisebrown
26-04-12, 19:55
Brown tongue, you always come out at the right to get your tongue brown. You need shit to get your tongue brown for your underdeveloped gut :p
Do not mistake your fingers for that biggest cavity on your head.
Direct food to that underdeveloped cavity.
Do not mistake your tongue for the biggest cavity of your boss.
Shit in the cavity is direct food to your unsatisfactory tongue.
Brown tongue can't locate the right cavity for brown tongue.:doh:
Do not mistake your fingers for that biggest cavity on your head.
Direct food to that underdeveloped cavity.
louisebrown
26-04-12, 20:08
Do not mistake your tongue for the biggest cavity of your boss.
Shit in the cavity is direct food to your unsatisfactory tongue.
Brown tongue can't locate the right cavity for brown tongue.:doh:
The memoirs of an institutionalized mental patient.
This is only the prologue.
The memoirs of a Brown Tongue and the institutionalized psychiatric patient who loves to brown tongue
This is only the prologue
The memoirs of an institutionalized mental patient.
This is only the prologue.
louisebrown
26-04-12, 20:17
The memoirs of a Brown Tongue and the institutionalized psychiatric patients who love to brown tongue
This is only the prologue
Place your paws together and give thanks like your icon.
Poor chap, you have lost your mind.
Ha ha ha ... please get used to teddybear style .. that makes this forum interesting with his KNN
teddybear been getting all the KO blows recently. hope he will be strong enough to pull through this crisis.
Haiz ....
All these guys want to do is "I challenge you to ..." , "show me the proof u r richer than me....", etc, so childish... really lowering the standard of this forum to the level of hardwarerzone...
I agree with Laguna, teddybear you should too: be selfish, and let losers be what they want to be. (I didn't notice the EC story. If someone takes pride in spending 10-15 yrs to "upgrade" to a condo, let him be.)
Time to sign out from this thread
Crawl back into your shell where you come from and not come here to brown tongue.
Pathetic Cock, you are insane.
Place your paws together and give thanks like your icon.
Poor chap, you have lost your mind.
Haiz ....
All these guys want to do is "I challenge you to ..." , "show me the proof u r richer than me....", etc, so childish... really lowering the standard of this forum to the level of hardwarerzone...
I agree with Laguna, teddybear you should too: be selfish, and let losers be what they want to be. (I didn't notice the EC story. If someone takes pride in spending 10-15 yrs to "upgrade" to a condo, let him be.)
Time to sign out from this thread
welcome back.
I am still waiting for you to tell us how to utilize a $10k income to pay for a 1.2m property, raise a family, invest for the future, buy car wash 100% cash, and still have money for retirement.
You r economic expert with zero knowledge of Singapore's GDP! Still need to teach you? :D
welcome back.
I am still waiting for you to tell us how to utilize a $10k income to pay for a 1.2m property, raise a family, invest for the future, buy car wash 100% cash, and still have money for retirement.
buttercarp
26-04-12, 20:48
welcome back.
I am still waiting for you to tell us how to utilize a $10k income to pay for a 1.2m property, raise a family, invest for the future, buy car wash 100% cash, and still have money for retirement.
Hi Ringo.... I also dunno how to do it with $10k.
But teddybear and amk are lau jiao in this forum.
I think they deserve some respect.
The newly signed up newbie, Ringo33 must be having a trip in his life and come here to desperately search for ideas to make money.
Become aggressive when nobody care to teach him.:D
teddybear been getting all the KO blows recently. hope he will be strong enough to pull through this crisis.
Hi Ringo.... I also dunno how to do it with $10k.
But teddybear and amk are lau jiao in this forum.
I think they deserve some respect.
Possible for a very young and small family and something to do with the period when a new car was around $40k and $1 mil could get you a decent 3 bedroom FH/999LH condo. However with high inflation, that era is over. The full impact is not felt yet, but by probably end of this year when companies have no choice, they will pass on the cost to the customers. Imagine 20 years ago with $10k pm family income, what you can possibly do...
buttercarp
26-04-12, 21:04
Possible for a very young and small family and something to do with the period when a new car was around $40k and $1 mil could get you a decent 3 bedroom FH/999LH condo. However with high inflation, that era is over. The full impact is not felt yet, but by probably end of this year when companies have no choice, they will pass on the cost to the customers. Imagine 20 years ago with $10k pm family income, what you can possibly do...
That's why when I was a little girl, I told my mommy that I will be a homemaker if my future husband earn 10k per month.
That's why when I was a little girl, I told my mommy that I will be a homemaker if my future husband earn 10k per month.
$10k pm is actually not much now...
My household income is only 7k++, with meagre 2k+ rental income.
My household income is only 7k++, with meagre 2k+ rental income.
Like that still can wallow in self-pity... I have more respect for the ah mahs/ah pehs who try their best to survive by picking card boards or tin cans.
phantom_opera
26-04-12, 22:20
My household income is only 7k++, with meagre 2k+ rental income.
Frankly speaking ... you have kpkb this for at least 20 times in this forum about your 10k income with outstanding car/mortgage.. what is wrong with you? ... 10k to get MM or 1+S to invest first lah .. why dream about landed or CCR 3br? At least Ringo admitted he can't afford 1.2m condo but you keep repeating your unrealistic dream here :doh:
buttercarp
26-04-12, 22:31
$10k pm is actually not much now...
Agree..... hardly any savings left.
Especially for a family of 4 and a maid.
That's why if earn 10k per month with family, be happy with BTO.
Life will be much easier and happier.
i wan buy a big big house :D
Frankly speaking ... you have kpkb this for at least 20 times in this forum about your 10k income with outstanding car/mortgage.. what is wrong with you? ... 10k to get MM or 1+S to invest first lah .. why dream about landed or CCR 3br? At least Ringo admitted he can't afford 1.2m condo but you keep repeating your unrealistic dream here :doh:
I do not have the mood to engage an argument with you.
This is an open forum, a public one as well. If you cannot accomodate my style of expressing, you could simply ignore.
Simple as 1, 2 and 3.
phantom_opera
26-04-12, 22:46
i wan buy a big big house :D
And sing this song：
http://www.youtube.com/watch?v=IXSKCS--c3k
若是我有一百萬 一百萬
我有一百萬 一世人就輕鬆
無講無人知 講到真歹勢
吃甲彼呢大漢 擱不曾坐飛機
打拼彼多年 無車無厝擱無愛人
看人娶某擱做生意 有錢擱有勢
若是我有一百萬 我要坐飛機
我要遊世界HAWAII曬太陽 日本吃壽司
若是我有一百萬 我要買車買厝
山珍甲海味 啥人卡福氣來乎我做某
若是我有一百萬 一百萬
若是你有欠用錢 開嘴免客氣
若是我有一百萬 我要坐飛機
我要遊世界 義大利飲咖啡 路邊吃Spaghetti
若是我有一百萬 我要買車買厝
買店來收租 閒閒免做工 帶狗去散步
若是我有一百萬 一百萬
若是你有欠用錢 開嘴免客氣
若是我有一百萬 一百萬
十千八千拿去用 免還嘛無問題
若是我有一百萬 一百萬...
喂，朋友啊，你想一百萬真多啊
$1m can't even afford a decent size 3BR OCR condo now! :ashamed1:
The song lyric need to change to at least $10m.......................... :p
And sing this song：
http://www.youtube.com/watch?v=IXSKCS--c3k
若是我有一百萬 一百萬
我有一百萬 一世人就輕鬆
無講無人知 講到真歹勢
吃甲彼呢大漢 擱不曾坐飛機
打拼彼多年 無車無厝擱無愛人
看人娶某擱做生意 有錢擱有勢
若是我有一百萬 我要坐飛機
我要遊世界HAWAII曬太陽 日本吃壽司
若是我有一百萬 我要買車買厝
山珍甲海味 啥人卡福氣來乎我做某
若是我有一百萬 一百萬
若是你有欠用錢 開嘴免客氣
若是我有一百萬 我要坐飛機
我要遊世界 義大利飲咖啡 路邊吃Spaghetti
若是我有一百萬 我要買車買厝
買店來收租 閒閒免做工 帶狗去散步
若是我有一百萬 一百萬
若是你有欠用錢 開嘴免客氣
若是我有一百萬 一百萬
十千八千拿去用 免還嘛無問題
若是我有一百萬 一百萬...
喂，朋友啊，你想一百萬真多啊
$1m can't even afford a decent size 3BR OCR condo now! :ashamed1:
The song lyric need to change to at least $10m.......................... :p
yalor......maybe phantom asking me to buy mm instead of big big house :D
phantom_opera
26-04-12, 23:15
The last sentence of Sky Habit commercial is "Home Sweet Home" .. no money can buy you a home, a house is easier :D
$1m can't even afford a decent size 3BR OCR condo now! :ashamed1:
The song lyric need to change to at least $10m.......................... :p
若是我有一千萬 一千萬。。。
phantom_opera
26-04-12, 23:24
若是我有一千萬 一千萬。。。
若是我有一千萬 我要坐飛機
if I have 10m, I wanna fly
我要遊世界 義大利飲咖啡 路邊吃Spaghetti
I will tour the world, drink coffee at Italy, roadside eat Spaghetti
若是我有一千萬 我要買車買厝
if I have 10m I want to buy big car big house
買店來收租 閒閒免做工 帶狗去散步
Get a shop and rent out, so free as to bring dog around
Buy Sky Habitat no need to think liao :-)
:cheers4:
若是我有一千萬 我要坐飛機
if I have 10m, I wanna fly
我要遊世界 義大利飲咖啡 路邊吃Spaghetti
I will tour the world, drink coffee at Italy, roadside eat Spaghetti
若是我有一千萬 我要買車買厝
if I have 10m I want to buy big car big house
買店來收租 閒閒免做工 帶狗去散步
Get a shop and rent out, so free as to bring dog around
Buy Sky Habitat no need to think liao :-)
:cheers4:
forgot to mention - this song the $$$ refers to New Taiwan dollars hor.....:tongue3:
http://youtu.be/3EFP1P9Clq4
我想要有个家, 一个不需要华丽的地方.
在我疲倦的时候 我会想到它...
我想要有个家, 一个不需要多大的地方.
在我受惊吓的时候 我才不会害怕...
:o
FilthyRich
27-04-12, 10:35
Only applies to Singapore with crazy high SOL
Condo Kaiser
27-04-12, 12:59
Hugely entertaining thread... keep it coming guys...
:cheers4:
phantom_opera
27-04-12, 13:42
Top executives at property companies have hinted that the Housing and Development Board (HDB) may soon stop releasing cash-over-valuation (COV) figures for resale flats.
...
In addition, the bosses of several property companies who attended a closed door meeting earlier this month quoted a senior housing board executive who expressed intentions to stop publishing COV figures.
=> kind of stupid right? How can hiding COV figures be a good move? It also shows that garmen is running out of idea to stop HDB resale price from moving up and the reality is it is still moving up :scared-3:
Oh No! Think the song lyric need to change again to NT$200m!:ashamed1:
forgot to mention - this song the $$$ refers to New Taiwan dollars hor.....:tongue3:
They are really so stupid! Ban renting out of whole HDB flats will solve the problem! If caught, house confiscated and HDB buy back at 30% below valuation!
Top executives at property companies have hinted that the Housing and Development Board (HDB) may soon stop releasing cash-over-valuation (COV) figures for resale flats.
...
In addition, the bosses of several property companies who attended a closed door meeting earlier this month quoted a senior housing board executive who expressed intentions to stop publishing COV figures.
=> kind of stupid right? How can hiding COV figures be a good move? It also shows that garmen is running out of idea to stop HDB resale price from moving up and the reality is it is still moving up :scared-3:
They are really so stupid! Ban renting out of whole HDB flats will solve the problem! If caught, house confiscated and HDB buy back at 30% below valuation!
after MOP can rent leh....how to ban? can only nab those that walk the tightrope by illegal subletting before their MOP is up.
heard from a friend there were some duxton units being confiscated due to illegal subletting.
The game of COV
Month 1 : valuation (say $500,000) + COV ($50,000) = selling price $550,000
Month 2 : valuation ($550,000) + COV Say $20,000 = new selling price.
valuation is based on past transacted price most of the time.
So new transacted price is higher despite of lower COV.
1) After MOP, can rent out rooms and not whole unit! This is to allow people who need money to get some income through rooms' rental but they still must stay in the HDB!
2) Those who buy private properties must sell HDB flats!
3) Before MOP, cannot even rent out rooms!
Don't forget, above 3 regulations were once in place before and resale HDB flat prices were very stable then. After they removed them, here comes the HDB flats' prices bubble! :doh: The reasons are very obvious!
after MOP can rent leh....how to ban? can only nab those that walk the tightrope by illegal subletting before their MOP is up.
heard from a friend there were some duxton units being confiscated due to illegal subletting.
The banks and HDB is already taking 10%-20% buffer for the loan.
Why do we need COV at all?
Just make valuation truelly reflect the market price and COV will be close to 0.
Thanks,
Richard
1) After MOP, can rent out rooms and not whole unit! This is to allow people who need money to get some income through rooms' rental but they still must stay in the HDB!
2) Those who buy private properties must sell HDB flats!
3) Before MOP, cannot even rent out rooms!
Don't forget, above 3 regulations were once in place before and resale HDB flat prices were very stable then. After they removed them, here comes the HDB flats' prices bubble! :doh: The reasons are very obvious!
1. how do you actually enforce that they stay in the HDB (apart from random checks and occasional whistleblowing)? if you allow the renting of room/s, then it doesn't make a difference. e.g. claim they are living in there and purchase a PC somewhere else.
2. It is hard to enforce this legally. Any new legislation that comes into
effect cannot be applied retrospectively
3. before MOP, rooms can't even sub-let out without HDB's approval.
my take is - lower or stabilize land costs and fire the current Chief Valuer.
You r economic expert with zero knowledge of Singapore's GDP! Still need to teach you? :D
smearing to make yourself look smart?
perhaps you should tell others why you think I am an economic expert and I have zero knowledge of Singapore's GDP.
The newly signed up newbie, Ringo33 must be having a trip in his life and come here to desperately search for ideas to make money.
Become aggressive when nobody care to teach him.:D
Sound like a desperate man trying to quash his opponent by call him newbie. nope it should be newly signed up newbie.
Is this the best you could do?
The banks and HDB is already taking 10%-20% buffer for the loan.
Why do we need COV at all?
Just make valuation truelly reflect the market price and COV will be close to 0.
Thanks,
Richard
The unwanted side effects of taking away COV could be a sudden spike up of hdb prices.
The banks and HDB is already taking 10%-20% buffer for the loan.
Why do we need COV at all?
Just make valuation truelly reflect the market price and COV will be close to 0.
Thanks,
Richard
They need to re-look at how the valuation is done in the first place. If there's a rotting built-in kitchen cabinet, the valuation is higher when it should in fact be lower because the buyer needs to fork out extra money to get rid of it.
The existing valuation method no longer adequately reflect the value of flat.
People pay COV to bridge the difference. E.g. "move in" condition flats and those near MRT command higher COV.
They need to re-look at how the valuation is done in the first place. If there's a rotting built-in kitchen cabinet, the valuation is higher when it should in fact be lower because the buyer needs to fork out extra money to get rid of it.
The existing valuation method no longer adequately reflect the value of flat.
People pay COV to bridge the difference. E.g. "move in" condition flats and those near MRT command higher COV.
Ya lor. Really Donno how the heck the valuations is being done.
They need to re-look at how the valuation is done in the first place. If there's a rotting built-in kitchen cabinet, the valuation is higher when it should in fact be lower because the buyer needs to fork out extra money to get rid of it.
The existing valuation method no longer adequately reflect the value of flat.
People pay COV to bridge the difference. E.g. "move in" condition flats and those near MRT command higher COV.
People also pay Cov after taking into account the potential high rentals they have to pay.
c if forum still hot once rate goes up in 2 yrs time
In 1995, interest rates were rising and property narket was hot.
The banks and HDB is already taking 10%-20% buffer for the loan.
Why do we need COV at all?
Just make valuation truelly reflect the market price and COV will be close to 0.
Thanks,
Richard
First the valuation is a control valuation in HDB.
Valuers need to sent in their valuation report to HDB for approval.(need to confirm, the last time I did my HDB valuation was 1995 and was told by the Valuer). If the valuation is not what the HDB think it is, the valuer need to change to the correct value otherwise they will not be the next panel of valuers.
With this type of valuation, valuation of HDB in the uptrend is always lower than the market value thus the COV. Same goes to the downtrend.
Anyone doing Valuation on their HDB can ask the valuer whether they need to sent to HDB for approval to know the truth.
Recall HDB allow cash-out and bank start to do valuation and valuation start to shoot up the roof and was stop by HDB later. Look like they are going to let market set the valuation of HDB by first removing the COV data or they are losing control on the panel of valuers.
http://www.hdb.gov.sg/fi10/fi10321p.nsf/w/BuyResaleFlatValuation?OpenDocument
Valuation Process
The valuations are carried out by HDB's panel of valuers who are professionally qualified and licensed by the Inland Revenue Authority of Singapore (IRAS).
Listed below are the procedures on how a valuation process is carried out:
1 On receiving the completed request form with the payment, HDB will assign a valuer randomly from its panel to assess the flat’s value.
2 The valuer will arrange with the flat owner to view the flat for assessing the value of the flat
3 The valuation report is usually ready within 2 weeks after the valuer’s visit and will be sent to the requestor by post
4 The valuation report is valid for a period of 3 months from the date of the report
In 1995, my 4 Room A model HDB in Kim Keat Ave was valuated at 195K when the market is selling at 300K. My buyer later get another valuation for 235K and I sell it for 285K. The buyer have to paid the different between the valuation and the selling price and 20% of the valuation price =97K in cash. (285K-235K= 50K+((20% of 235K)=)47K.
I brought the unit for 83K in 1988 and stay for 7 years, after the second appointment with HDB I got a cheque of 180K. I use this for a deposit for a 3 Rm resale (95K-30K=65K)for my in law, some for renovation of my 5 Rm, take another loan of 200K for 25 years and hold the rest of the cash till 2006.
The market is getting hot and feel like 1995, those thinking of buying need to think twice.:tsk-tsk:
http://cdn-sg2.pgimgs.com/images/thumb/2/d/b/a/2dba793124407_1_V550.jpg
Now selling for 515K.
http://www.propertyguru.com.sg/listing/hdb-for-sale-256-kim-keat-avenue-9514348
http://1.bp.blogspot.com/-MbyZMRHLjK8/T5zo47IzoZI/AAAAAAAAHUI/jRu_7PA916Q/s1600/256.JPG
They are really so stupid! Ban renting out of whole HDB flats will solve the problem! If caught, house confiscated and HDB buy back at 30% below valuation!
The genuine demand for renting shift to other asset class?
In 1995, my 4 Room A model HDB in Kim Keat Ave was valuated at 195K when the market is selling at 300K. My buyer later get another valuation for 235K and I sell it for 285K. The buyer have to paid the different between the valuation and the selling price and 20% of the valuation price =97K in cash. (285K-235K= 50K+((20% of 235K)=)47K.
I brought the unit for 83K in 1988 and stay for 7 years, after the second appointment with HDB I got a cheque of 180K. I use this for a deposit for a 3 Rm resale (95K-30K=65K)for my in law, some for renovation of my 5 Rm, take another loan of 200K for 25 years and hold the rest of the cash till 2006.
The market is getting hot and feel like 1995, those thinking of buying need to think twice.:tsk-tsk:
Your illustration lays the effects of inflation bare for all to see. And 1996 was the year when property prices went exponential.
http://2.bp.blogspot.com/-x_I_WOkZqTo/T500qI31MNI/AAAAAAAAHUo/tKJ3tuNgOLo/s1600/inflation.JPG
https://secure.mas.gov.sg/calculator/goodsandservices.aspx
Housing prices have always been a hot topic for discussion amongst Singaporeans. Both academics and netizens have written extensively on the relentless rising cost of living due to housing price inflation. In a footnote to a 2008 paper on Singapore’s policy responses to ageing and retirement, Prof Mukul Asher cites a 2007 Citi memo (which I have unfortunately not been able to unearth) authored by Dr Chua Hak Bin arguing that Singapore’s inflation rate was severely understated primarily due to the way housing inflation was calculated:
Chua (2007b) has argued that the inflation rate in Singapore, as measured by the consumer price index, is significantly understated, primarily because of the way the housing component is incorporated.
One of the bigger mysteries in Singapore is that although public housing prices have gone through the roof, inflation has not. Why should this be so, especially since home-ownership rates in Singapore is one of the highest in the world (88.8% as of 2009). What determines how housing prices in Singapore affects the inflation rate? To answer this question, we must examine how housing prices are factored in the consumer price index (CPI) . This may come as a surprise to some, but housing prices in Singapore are not reflected in the CPI.
http://furrybrowndog.wordpress.com/2010/08/09/housing-inflation-in-singapores-cpi/
felicia_sg
29-04-12, 20:43
But housing prices has never been a component in CPI anywhere in the world (only rental is), so why should Singapore be different?
Housing prices have always been a hot topic for discussion amongst Singaporeans. Both academics and netizens have written extensively on the relentless rising cost of living due to housing price inflation. In a footnote to a 2008 paper on Singapore’s policy responses to ageing and retirement, Prof Mukul Asher cites a 2007 Citi memo (which I have unfortunately not been able to unearth) authored by Dr Chua Hak Bin arguing that Singapore’s inflation rate was severely understated primarily due to the way housing inflation was calculated:
Chua (2007b) has argued that the inflation rate in Singapore, as measured by the consumer price index, is significantly understated, primarily because of the way the housing component is incorporated.
One of the bigger mysteries in Singapore is that although public housing prices have gone through the roof, inflation has not. Why should this be so, especially since home-ownership rates in Singapore is one of the highest in the world (88.8% as of 2009). What determines how housing prices in Singapore affects the inflation rate? To answer this question, we must examine how housing prices are factored in the consumer price index (CPI) . This may come as a surprise to some, but housing prices in Singapore are not reflected in the CPI.
http://furrybrowndog.wordpress.com/2010/08/09/housing-inflation-in-singapores-cpi/
Housing prices have always been a hot topic for discussion amongst Singaporeans. Both academics and netizens have written extensively on the relentless rising cost of living due to housing price inflation. In a footnote to a 2008 paper on Singapore’s policy responses to ageing and retirement, Prof Mukul Asher cites a 2007 Citi memo (which I have unfortunately not been able to unearth) authored by Dr Chua Hak Bin arguing that Singapore’s inflation rate was severely understated primarily due to the way housing inflation was calculated:
Chua (2007b) has argued that the inflation rate in Singapore, as measured by the consumer price index, is significantly understated, primarily because of the way the housing component is incorporated.
One of the bigger mysteries in Singapore is that although public housing prices have gone through the roof, inflation has not. Why should this be so, especially since home-ownership rates in Singapore is one of the highest in the world (88.8% as of 2009). What determines how housing prices in Singapore affects the inflation rate? To answer this question, we must examine how housing prices are factored in the consumer price index (CPI) . This may come as a surprise to some, but housing prices in Singapore are not reflected in the CPI.
http://furrybrowndog.wordpress.com/2010/08/09/housing-inflation-in-singapores-cpi/
http://cower.me/facebook-timeline-covers/98-house-everybody-lies.jpg
how the sales at SH...:confused:
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