View Full Version : What is the future of HDB prices? I have a situation.
wildfaye29
05-01-13, 18:30
Hi gurus, i would like to seek advise on future hdb prices and whether i shld sell my hdb.
Currently hav a 4rm flat @ SK @ buangkok, close to 5yr MOP, on 30yr loan, can fully redeem via CPF at anytime. Purchase @ 180K, can sell for at least 600K now.
Was intending to move in with parents and rent out the hdb, easily 2.5K per mth, 30k per annum. Life-long passive income. And a HDB to fall back on for retirement.
However, gut feel also tells me that hdb will not appreciate any much further beyond say 800K in short, mid and even long term. Meaning my capital appreciation is capped.
Since we have alternative accommodation, we wanted to cash out, buy a OCR 2bdrm condo, approx 800K. We can pay initial 15% CPF and 5% cash and loan the remainder for 30yrs and settle monthly mortgage via CPF in full mthly. Rental from this will be approx 3K per mth, 48K per annum. This 'may' appreciate further compared to the hdb. We may cash out if the capital appreciation is good in short to mid term and reinvest, if possible.
Any comments and advise appreciated. Thank you everyone in advance!:cheers4:
4rm 600k????
Should be 500k?
Ocr properties seemingly peaked as well.
Cannot buy back hdb once sold.
Allthepies
05-01-13, 18:48
OCR 2bedder @ 800K? Non-investment grade?
wildfaye29
05-01-13, 18:57
Yes, 600K and still climbing, its the hottest area in SK.
Yes, we also know once sell hdb cant buy back. This is the main reason holding us back.
800K OCR 2bdrm is for D18.
Feasible?
old man say dun sell your HDB
If u can, why not keep the hdb and buy a condo at the same time. 2 source of rental income.
If u can, why not keep the hdb and buy a condo at the same time. 2 source of rental income.
second this..
more passive income ,if possible :cheers5:
If u can, why not keep the hdb and buy a condo at the same time. 2 source of rental income.
This will be clamped down pretty soon, better do it fast.
Buangkok HDB 4A selling $600k??!! what kind of logic is that?
Best is still to keep the hdb while buy another house ... till they decide to close the loop
Hi..I am happy to learn the 600k sgd valuation. I think my 5 room Tiong Bahru HDB will fetch me 1mil SGD then.
* Flat Type : 4 Room
* HDB Town : Sengkang
* Block No. : 275* To 277
* Resale Approval Date : Nov 2012 To Dec 2012
* Total number of records found = 9 New Enquiry** Printer Friendly** Save to PDF
Block /
Nearby
Amenities
Street Name
Storey
Floor Area (sqm) /
Flat Model
Lease
Commence
**Date
Resale
**Price
Resale
Approval
**Date
275A *Compassvale Link 11 to 15 90.00
Premium Apartment 2009 $637,000.00 Nov 2012
275A *Compassvale Link 01 to 05 90.00
Premium Apartment 2009 $585,000.00 Nov 2012
275A *Compassvale Link 01 to 05 90.00
Premium Apartment 2009 $570,000.00 Nov 2012
275D *Compassvale Link 06 to 10 92.00
Premium Apartment 2009 $605,000.00 Nov 2012
275D *Compassvale Link 01 to 05 90.00
Premium Apartment 2009 $563,000.00 Nov 2012
275A *Compassvale Link 01 to 05 90.00
Premium Apartment 2009 $572,000.00 Dec 2012
275B *Compassvale Link 06 to 10 90.00
Premium Apartment 2009 $605,000.00 Dec 2012
275B *Compassvale Link 06 to 10 92.00
Premium Apartment 2009 $590,000.00 Dec 2012
275D *Compassvale Link 01 to 05 90.00
Premium Apartment 2009 $570,000.00 Dec 2012
By then mt sinai will b 3 milll
All the above 4 rm HDB has buangkok mrt just downstairs of course can command $600k!
MRT is the new HOT HOT HOT!!!
This will be clamped down pretty soon, better do it fast.
care to share what 'might' come soon?
To the TS, u can never ever buy back yr 4RM HDB at yr price, keep it n be patient. Save up yr bullets n buy a PC.
Yes, 600K and still climbing, its the hottest area in SK.
Yes, we also know once sell hdb cant buy back. This is the main reason holding us back.
800K OCR 2bdrm is for D18.
Feasible?Can buy back... just sell all private properties and wait couple of months and then enter to buy HDB again... but much higher price lor. Then again what property price will not rise over years (minus recession)?
Why not sell and switch to EC? Its the next in thing now coz PC in OCR are also very saturated... :scared-5:
i also surprise some clown buying @ 600k in Sengkang. I think can buy queentown leh...:p
if really 600k+ hdb @ sengkang, maituliao, confirm go buy those 3bedder condo at 800k+ if still available.
* Flat Type : 4 Room
* Street Name : Tanglin Halt Rd
* Resale Approval Date : Oct 2012 To Dec 2012
* Total number of records found = 15 New Enquiry** Printer Friendly** Save to PDF
HDB Town
Block /
Nearby
Amenities
Storey
Floor Area (sqm) /
Flat Model
Lease
Commence
**Date
Resale
**Price
Resale
Approval
**Date
*Queenstown 89 26 to 30 90.00
Model A 2008 $734,000.00 Dec 2012
*Queenstown 91 36 to 40 90.00
Model A 2008 $790,000.00 Dec 2012
*Queenstown 91 06 to 10 90.00
Model A 2008 $730,000.00 Dec 2012
i also surprise some clown buying @ 600k in Sengkang. I think can buy queentown leh...:p
if really 600k+ hdb @ sengkang, maituliao, confirm go buy those 3bedder condo at 800k+ if still available.
Queenstown 4 RM HDB alrdy 700k+, agree 3bedder OCR condo at 800k+ looks really cheap cheap!
But the Golden Rule is must buy within one's mean lah!
radha08 says.....a child is a gift from god...hdb flat is a gift from the spore govt...:D:D:D
181 Stirling Rd 01 to 05 96.00
Model A 2000 $635,000.00 Nov 2012
59 Strathmore Ave 06 to 10 96.00
Model A 2000 $675,000.00 Nov 2012
160 Mei Ling St 11 to 15 85.00
Improved 1970 $585,000.00 Oct 2012
168A Queensway 11 to 15 84.00
Improved 1974 $472,000.00 Oct 2012
168A Queensway 11 to 15 84.00
Improved 1974 $450,000.00 Oct 2012
i also surprise some clown buying @ 600k in Sengkang. I think can buy queentown leh...:p
if really 600k+ hdb @ sengkang, maituliao, confirm go buy those 3bedder condo at 800k+ if still available.
blk XXX bedok south 4rm...666K...Jan 2018....wahahahah:D:D:D
4rm HDB for $600k in sengkang?? Private condo seems to be undervalued... They should remove some of the cooling measures for pc.
those were the first batch of BTO. super cheap and now the owners super huat.
buttercarp
05-01-13, 22:02
i also surprise some clown buying @ 600k in Sengkang. I think can buy queentown leh...:p
if really 600k+ hdb @ sengkang, maituliao, confirm go buy those 3bedder condo at 800k+ if still available.
600K.... got people advertise $610k already.
http://www.propertyguru.com.sg/listing/hdb-for-sale-273d-compassvale-link-12917734
600K.... got people advertise $610k already.
http://www.propertyguru.com.sg/listing/hdb-for-sale-273d-compassvale-link-12917734
that area going for about $500+k. maybe occasionally some buyer may be convinced to pay more for the new renovations.
Allthepies
05-01-13, 22:14
Yes, 600K and still climbing, its the hottest area in SK.
Yes, we also know once sell hdb cant buy back. This is the main reason holding us back.
800K OCR 2bdrm is for D18.
Feasible?
U sell HDB now and buy condo now is as good as sell high buy high, not much incentive to do that
Hi gurus, i would like to seek advise on future hdb prices and whether i shld sell my hdb.
Currently hav a 4rm flat @ SK @ buangkok, close to 5yr MOP, on 30yr loan, can fully redeem via CPF at anytime. Purchase @ 180K, can sell for at least 600K now.
Was intending to move in with parents and rent out the hdb, easily 2.5K per mth, 30k per annum. Life-long passive income. And a HDB to fall back on for retirement.
However, gut feel also tells me that hdb will not appreciate any much further beyond say 800K in short, mid and even long term. Meaning my capital appreciation is capped.
Since we have alternative accommodation, we wanted to cash out, buy a OCR 2bdrm condo, approx 800K. We can pay initial 15% CPF and 5% cash and loan the remainder for 30yrs and settle monthly mortgage via CPF in full mthly. Rental from this will be approx 3K per mth, 48K per annum. This 'may' appreciate further compared to the hdb. We may cash out if the capital appreciation is good in short to mid term and reinvest, if possible.
Any comments and advise appreciated. Thank you everyone in advance!:cheers4:
what you are suggesting here is not investment, it is basically "downsize- upgrading" ie. from a 4br HDB to a 2br private condo.
If you are serious about making money from property, then you should fully pay up your HDB loan and then use your saving to buy your 2nd investment property.
Be patience, there are still many opportunity ahead plus remember this. HDB is as good as freehold, so keep it.
downsize upgrading? a bit of an oxymoron.
it's downgrading to me. the space of a 4 rm is much better than most 2 bed PCs. it should be a 3 bed PC or nothing else if you are planning to move into it.
phantom_opera
06-01-13, 08:41
Where to get new 2br 8xxk pc at d18 near mrt, TS dreaming?
Wow 600k. Mai tu Liao, hoot PC now! Lol
Where to get new 2br 8xxk pc at d18 near mrt, TS dreaming?
I got my 2+1 Palette last year at that price.
Maybe Dnest has 2br units around that price range.
downsize upgrading? a bit of an oxymoron.
it's downgrading to me. the space of a 4 rm is much better than most 2 bed PCs. it should be a 3 bed PC or nothing else if you are planning to move into it.
when the children have left the nest, the 2 bedder looks to be a decent size to move into. What is the opinion of others ?I may have limited understanding in my own viewpoint.
phantom_opera
06-01-13, 09:38
I got my 2+1 Palette last year at that price.
Maybe Dnest has 2br units around that price range.
From 300m to sengkang or buoungkok mrt to 700m from pasir ris mrt and 200sqft smaller is a downgrade
phantom_opera
06-01-13, 09:41
Sorry to say, same location same size same lease, PC always 2x HDB
There is no free lunch
wildfaye29
06-01-13, 10:29
Hi everyone, thanks for the replies! wow 30+ in one nite!
Actually we have already purchased a PC in which is fully serviced by cash and will move in soon. The rental from the current hdb will be supporting this PC.
We think that for the hdb to appreciate 400K (200K cost to current 600K) in 5yr is already very gd, but will it apppreciate another 400K to 1Mil in another 5 years?
If we were to cash out now, we are able to finance a new 2 bdrm PC with the cash proceeds and CPF. Prefer a already TOP or soon to TOP PC for immediate rental income. We hope it will appreciate 400K in 5yrs.
We are unable to buy EC due to rules and prefer not to buy EC becos we will be stuck with MOP all over again.
phantom_opera
06-01-13, 10:32
Bubble at greed n delusion phase confirmed lol
:o , confirmed! Ppl are happy to think about appreciation in 3-5yrs time but, are they prepared to handle >no tenant, high interest rate, unemployment<...:scared-4: quite scary...to me, that would be more of a situation...:D
:2cents:
Bubble at greed n delusion phase confirmed lol
UltimateAro888
06-01-13, 10:42
600K.... got people advertise $610k already.
http://www.propertyguru.com.sg/listing/hdb-for-sale-273d-compassvale-link-12917734
I went viewing with my mum. Valuations is 560k, most owner mostly asking 90k above! One asking min 630k else no talk....bear min renovation some more...
This Is getting really absurd...
Which District?
I went viewing with my mum. Valuations is 560k, most owner mostly asking 90k above! One asking min 630k else no talk....bear min renovation some more...
This Is getting really absurd...
UltimateAro888
06-01-13, 11:19
Which District?
Blk 275 compassvale links. Very near mrt buangkok..
Its getting more ridiculous.
Though location is not bad, valuation should already have location factored in.
what you are suggesting here is not investment, it is basically "downsize- upgrading" ie. from a 4br HDB to a 2br private condo.
If you are serious about making money from property, then you should fully pay up your HDB loan and then use your saving to buy your 2nd investment property.
Be patience, there are still many opportunity ahead plus remember this. HDB is as good as freehold, so keep it.
Agree. HDB is almost FH like under present govt because of SERS plus they will never allow large number of families to roam homeless after taking back their flats. The social cost is too high, better to solve all these using govt $coffer than allow situation like riots....
If for investment, then keep HDB & source for affordable PC, I would recommend older FH city fringe, those new ones have lower upside.
For stay, find a suitable PC and rent out your HDB to Help pay the mortgage for both. This is also probably the cause of the mass buying now but this opportunity of owning both public & private may not be there for long as speculated by some.
Good luck.
From this simple case, we all know that the mother of all PC --> HDB is supporting PC valuations very very well ...
We all know that HDB valuations will not drop significantly one.
Hence, PC prices will continue its up trend.
To the starter of this thread : Hope u know the meaning of upgrader, once u use the HDB gift of government, then dont look back. Upgrading is not only the physical house unit, it is also mental upgrading.
If you continue to think like HDB folks, let u start PC also no use.
I am not saying HDB no good, Office Boy also stay HDB for many many years, but once upgrade, I spend a few years upgrading my mentality also.
DKSG
From this simple case, we all know that the mother of all PC --> HDB is supporting PC valuations very very well ...
We all know that HDB valuations will not drop significantly one.
Hence, PC prices will continue its up trend.
To the starter of this thread : Hope u know the meaning of upgrader, once u use the HDB gift of government, then dont look back. Upgrading is not only the physical house unit, it is also mental upgrading.
If you continue to think like HDB folks, let u start PC also no use.
I am not saying HDB no good, Office Boy also stay HDB for many many years, but once upgrade, I spend a few years upgrading my mentality also.
DKSG
I am confused by your "mentality upgrading".
Please define HDB mentality and Condo mentality.
Please also elaborate how does one "upgrade" from HDB mentality to condo mentality.
I have never lived in a HDB before as I grew up in a landed, moved out to a condo when I got married, now moving back to a landed.
I have friends who grew up in HDB estates, and now that we are all career professionals on the same pay scale and same wavelength, sharing the same habits and tastes, according to you, they MUST have had "upgraded" their mentalities.... Although I cannot for the life of me see how they had done it and if they had needed to do it in the first place.
So, am very curious what you meant by that.
phantom_opera
07-01-13, 07:48
In first post, TS said hdb still under MOP, later TS said already purchased a PC and move in soon
What is going on hah? Can buy PC within MOP ah
I went viewing with my mum. Valuations is 560k, most owner mostly asking 90k above! One asking min 630k else no talk....bear min renovation some more...
This Is getting really absurd...
the rental they are getting like those queenstown hdb also very absurd.
SK flats near Nan Chiau Pri School can sell @ very extremely gd pricing. I think this is mainly due to proximity to NCPS school(<1km) + near to mrt + compasspoint. Their asking of cash above valuation is really high. I know of ppl who sold their 5 room SK flat and can shift in to 3 bedder EC.
From this simple case, we all know that the mother of all PC --> HDB is supporting PC valuations very very well ...
We all know that HDB valuations will not drop significantly one.
Hence, PC prices will continue its up trend.
To the starter of this thread : Hope u know the meaning of upgrader, once u use the HDB gift of government, then dont look back. Upgrading is not only the physical house unit, it is also mental upgrading.
If you continue to think like HDB folks, let u start PC also no use.
I am not saying HDB no good, Office Boy also stay HDB for many many years, but once upgrade, I spend a few years upgrading my mentality also.
DKSG
good analysis ! :cheers5:
I am confused by your "mentality upgrading".
Please define HDB mentality and Condo mentality.
Please also elaborate how does one "upgrade" from HDB mentality to condo mentality.
......
So, am very curious what you meant by that.
eg, hdb mentality is urinate in lifts & common corridor, use laundry poles etc.
condo mentality is urinate in condo swimming pool, dry laundry in balcony as the yard (if have) usually have no sun.
transition stage from hdb to condo mentality is to urinate in all 3, lifts, common corridor and condo swimming pool.
To TS,
I think the 'peak' will come when the BTOs are completed in that HDB area. Prices wil slow down when their MOP has reached. By then may have oversupply:tongue3: rental drops.. demand drops... ppty price drops... just my opinion la...
Go try rent out now... let us know the demand n rental price u fetch pls?:D
wildfaye29
07-01-13, 20:29
we purchased the PC in parents name but fully funded by me n wife. bullets fully expanded.
we have lived in hdb b4 moving to parent's pvt and now in hdb due to getting married and moving back to pvt soon. we do not view ourselves as upgrader or downgrader, jus diff type of accommodation at diff stage of life, currently jus transiting in hdb b4 moving bac to pvt.
i have come across many hdb upgraders who hav not metality upgraded to, having lived in pvt for almost 15yrs.
yes, we used the gift of the govt, cos it was the best 'investment' for couples at our time. new 4rm/5r, hdb bto @ compasspoint peaks at 400K/500K (TOP in 2016 and MOP in 2021).
we have a new bto completing oppo us in 2014 and i tink the price will continue to climb cos they wont MOP until 2019. also adding on the compasspoint bto which will MOP in 2021.
the big question is how much further can it climb? shld we cash out to get small PC in hope of capital appreciate beyond what the HDB may get?
phantom_opera
07-01-13, 21:14
易经云 亢龙有悔，盈不可久
darkseed73
07-01-13, 22:16
易经云 亢龙有悔，盈不可久
Wah sir your Chinese very good. Do u actually tell-fortune?
I agree with what u wrote anyways.
Rosegarden
08-01-13, 12:02
we purchased the PC in parents name but fully funded by me n wife. bullets fully expanded.
we have lived in hdb b4 moving to parent's pvt and now in hdb due to getting married and moving back to pvt soon. we do not view ourselves as upgrader or downgrader, jus diff type of accommodation at diff stage of life, currently jus transiting in hdb b4 moving bac to pvt.
i have come across many hdb upgraders who hav not metality upgraded to, having lived in pvt for almost 15yrs.
yes, we used the gift of the govt, cos it was the best 'investment' for couples at our time. new 4rm/5r, hdb bto @ compasspoint peaks at 400K/500K (TOP in 2016 and MOP in 2021).
we have a new bto completing oppo us in 2014 and i tink the price will continue to climb cos they wont MOP until 2019. also adding on the compasspoint bto which will MOP in 2021.
the big question is how much further can it climb? shld we cash out to get small PC in hope of capital appreciate beyond what the HDB may get?
What is your bottom line? You will use HDB rental to service your current PC. If you dump HDB and acquire another PC, the scenario changes. Plug in some figures here and let the bros comment...whether you are too close to the brink, or not. This will address your risk profile.
As for price appreciation HDB vs PC in next 5 years, 见仁见智 lah, or .... 贱人贱智 ? ha ha ha ha ....
eg, hdb mentality is urinate in lifts & common corridor, use laundry poles etc.
condo mentality is urinate in condo swimming pool, dry laundry in balcony as the yard (if have) usually have no sun.
transition stage from hdb to condo mentality is to urinate in all 3, lifts, common corridor and condo swimming pool.
Wakakakakakala good one
wildfaye29
10-03-13, 20:27
Hi, re-visiting this topic again.
With KBW's recent announcement of lowering BTO prices, what is the general view of the resale pricing of exisiting HDB and PC to come in the short term?
I am pondering whether to let go of my prized asset.
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