View Full Version : Sell=Suicide
I think in todays property mkt if u sell ur property just for HAPPY HAPPY its suicide of course if u need money to pay debts ahlong children study got no choice :D but to SELL
But my take is that ONE should not sell but just continue to build ur empire small property nevermind as long u can afford DONT sell its like suicide cos u want to buy another one must pay a lot of $$$$ ABSD sell pay SSD etc assuming u got more than 1 property:cool:
I think in todays property mkt if u sell ur property just for HAPPY HAPPY its suicide of course if u need money to pay debts ahlong children study got no choice :D but to SELL
But my take is that ONE should not sell but just continue to build ur empire small property nevermind as long u can afford DONT sell its like suicide cos u want to buy another one must pay a lot of $$$$ ABSD sell pay SSD etc assuming u got more than 1 property:cool:
Well said.
Those who sell are the ones who think price is going to crash and buy on the cheap. Its like placing their bets at MBS (for those who got one unit and renting) By then ABSD and whatever Ds will be removed. Not sell because "pigu" itchy. 5 years not drop knock walls. One year later drop 30% celebrate.
The_Way_I_See_It
21-04-13, 17:23
I think in todays property mkt if u sell ur property just for HAPPY HAPPY its suicide of course if u need money to pay debts ahlong children study got no choice :D but to SELL
But my take is that ONE should not sell but just continue to build ur empire small property nevermind as long u can afford DONT sell its like suicide cos u want to buy another one must pay a lot of $$$$ ABSD sell pay SSD etc assuming u got more than 1 property:cool:
SEll at the right Time ..at the right price $$$ .... most importantly for the right purpose (eg. to fimance kids medical education ) eg to retire oversea (renounce citizenship) ... to get all your CPF $$$$ before you are dead ... ARE NEVER WRONG RESAONS to sell ..you don't live forever ..if you don't unlock real $$ value gained it is forever paper $$$ gain never real $$ gain :so do you want to sell that's the question ??? D :D
SEll at the right Time ..at the right price $$$ .... most importantly for the right purpose (eg. to fimance kids medical education ) eg to retire oversea (renounce citizenship) ... to get all your CPF $$$$ before you are dead ... ARE NEVER WRONG RESAONS to sell ..you don't live forever ..if you don't unlock real $$ value gained it is forever paper $$$ gain never real $$ gain :so do you want to sell that's the question ??? D :D
correct the way i see it also like that thats what i mean have a game plan and hope ur game plan dont screw up dont sell your property end up buy gold or go casino or play share LOOSE money:tsk-tsk:
U sell one BIG property like landed buy a few PC i say u smart:spliff2:
Remember money in the pocket to MOST people is like PAPER will just
fly away if u dont know how to use:spliff2: wisely happen to me so i know:cool:
phantom_opera
21-04-13, 19:14
bro radha so witty, the Sail becomes the Sell
I agree with the title .... b4 u sell, tell yourself this:
1. Singapore has 2m middle class
2. US has 100m middle class
3. India has 300m middle class
4. China has 300m middle class but could be 600m when I retire
5. ABSD is required to control demand for Singapore properties
6. Valuation of GLS can only go one way - UP, so is cost of construction in the long run
7. Risk of bubble is minimum, due to all the CMs in China, Hong Kong and Singapore
8. Sell is easy, buy back might be impossible
:D
bro radha so witty, the Sail becomes the Sell
I agree with the title .... b4 u sell, tell yourself this:
1. Singapore has 2m middle class
2. US has 100m middle class
3. India has 300m middle class
4. China has 300m middle class but could be 600m when I retire
5. ABSD is required to control demand for Singapore properties
6. Valuation of GLS can only go one way - UP, so is cost of construction in the long run
7. Risk of bubble is minimum, due to all the CMs in China, Hong Kong and Singapore
8. Sell is easy, buy back might be impossible
:D
Bottomline singapore property market=u can checkout anytime u like but
you can never leave:D:D:D
Amber Woods
21-04-13, 20:10
If I have two properties, one own stay and one collecting rent, I will not sell any of them.
If I have three or more properties, I will sell at least one to unlock profit and reinvest in other instrunments. I will be in better position if property prices correct few years down the road. However, I will only gain less if property prices continue to rise few years down the road. If I do not unlock profit while prices are high, I will not be able to invest more if opportunity rises.
If I have two properties, one own stay and one collecting rent, I will not sell any of them.
If I have three or more properties, I will sell at least one to unlock profit and reinvest in other instrunments. I will be in better position if property prices correct few years down the road. However, I will only gain less if property prices continue to rise few years down the road. If I do not unlock profit while prices are high, I will not be able to invest more if opportunity rises.
Thats if you have the proper know how how other
Instruments work...for eg dabbling with shares
Can be very dangerous...and most small time
Investors end up loosing...but then again you
Got a valid point all depends on the individual s
Risk appetite and direction in life..:spliff:
Amber Woods
21-04-13, 20:57
If I have two properties, one own stay and one collecting rent, I will not sell any of them.
If I have three or more properties, I will sell at least one to unlock profit and reinvest in other instrunments. I will be in better position if property prices correct few years down the road. However, I will only gain less if property prices continue to rise few years down the road. If I do not unlock profit while prices are high, I will not be able to invest more if opportunity rises.
By my own saying, the rich should be selling some of their properties (some selling them quietly) which is the case now as reported.
phantom_opera
21-04-13, 21:10
By my own saying, the rich should be selling some of their properties (some selling them quietly) which is the case now as reported.
then who is the buyer? I will bet on BRICS :D
Amber Woods
21-04-13, 21:15
then who is the buyer? I will bet on BRICS :D
Some late comers ........ that is how the game plays.
phantom_opera
21-04-13, 21:21
Some late comers ........ that is how the game plays.
u are the bear bear that is taking over Mr Basic ... u are assuming that we are at the peak and a correction of 20% is imminent don't u?
frankly speaking if project like D'Nest 950psf down another 10% ...u will see q until TAmpines :p
Amber Woods
21-04-13, 21:31
u are the bear bear that is taking over Mr Basic ... u are assuming that we are at the peak and a correction of 20% is imminent don't u?
frankly speaking if project like D'Nest 950psf down another 10% ...u will see q until TAmpines :p
Please do not make personal assumptions about others if you want to enjoy and engage others in this forum.
Base on reported facts, prices will not rise much going forward. That is why the rich are selling some of their properties as reported.
Please do not make personal assumptions about others if you want to enjoy and engage others in this forum.
Base on reported facts, prices will not rise much going forward. That is why the rich are selling some of their properties as reported.
agree i also feel prices will not rise much...BUT personally moving forward for people like MYSELF who have tried a lot of ventures in life...like gambling,shares,unit trusts,business....and lastly property mkt...i realise that property is the BEST form of investment...basically because i CANNOT sell or do anything the minute i buy..unlike shares unit trust casino etc etc...my nature is such that i constantly keep monitoring and doing stupid things like selling at the smallest dip...ned up KENA BURN...so my conclusion is property property property....even if i dont make millions...rental alone is enough:cheers1: ...and if a 1million dollar condo today is worth 1million in 30 years time and you only put 20% DP...rest paid by rental effectively..u earned 800k on a 200k investment over 30 years...NOT the greatest or best achievement i know but good enough for me...:spliff2:
I think in todays property mkt if u sell ur property just for HAPPY HAPPY its suicide of course if u need money to pay debts ahlong children study got no choice :D but to SELL
But my take is that ONE should not sell but just continue to build ur empire small property nevermind as long u can afford DONT sell its like suicide cos u want to buy another one must pay a lot of $$$$ ABSD sell pay SSD etc assuming u got more than 1 property:cool:
Greed. My dear bro. When i had my first property in 2006, one year later when i see neighbour sold, at that price i can earn 100k, i said why not. So i also put up for sale.
Greed. Was what got me selling my roof over my head.
Greed. Without it, i would never have gotten to where i am today.
So sometimes Sin is a good thing if executed at the right time.
I had been lucky. And the learning that started since then by hands on execution of Sin will never be reproducible nor such that one can derive from attending seminars and talks.
So bottomline I Love SINgapore. SINcity.
You just have to run faster.
Remember the movie Catch Me If You Can.
Greed. My dear bro. When i had my first property in 2006, one year later when i see neighbour sold, at that price i can earn 100k, i said why not. So i also put up for sale.
Greed. Was what got me selling my roof over my head.
Greed. Without it, i would never have gotten to where i am today.
So sometimes Sin is a good thing if executed at the right time.
I had been lucky. And the learning that started since then by hands on execution of Sin will never be reproducible nor such that one can derive from attending seminars and talks.
So bottomline I Love SINgapore. SINcity.
You just have to run faster.
Remember the movie Catch Me If You Can.
bro 2006 to 2013 the BULL was charging:character0029:
2013 to 2020 the BULL will be relaxing:jogging:
2020 to 2030 i will be retiring:cheers5:
everything else NA:D:D:D
agree i also feel prices will not rise much...BUT personally moving forward for people like MYSELF who have tried a lot of ventures in life...like gambling,shares,unit trusts,business....and lastly property mkt...i realise that property is the BEST form of investment...basically because i CANNOT sell or do anything the minute i buy..unlike shares unit trust casino etc etc...my nature is such that i constantly keep monitoring and doing stupid things like selling at the smallest dip...ned up KENA BURN...so my conclusion is property property property....even if i dont make millions...rental alone is enough:cheers1: ...and if a 1million dollar condo today is worth 1million in 30 years time and you only put 20% DP...rest paid by rental effectively..u earned 800k on a 200k investment over 30 years...NOT the greatest or best achievement i know but good enough for me...:spliff2:
good point. I din think of this.
that's like having a 4.5K savings a month
:D 200K earn 800K
agree i also feel prices will not rise much...BUT personally moving forward for people like MYSELF who have tried a lot of ventures in life...like gambling,shares,unit trusts,business....and lastly property mkt...i realise that property is the BEST form of investment...basically because i CANNOT sell or do anything the minute i buy..unlike shares unit trust casino etc etc...my nature is such that i constantly keep monitoring and doing stupid things like selling at the smallest dip...ned up KENA BURN...so my conclusion is property property property....even if i dont make millions...rental alone is enough:cheers1: ...and if a 1million dollar condo today is worth 1million in 30 years time and you only put 20% DP...rest paid by rental effectively..u earned 800k on a 200k investment over 30 years...NOT the greatest or best achievement i know but good enough for me...:spliff2:
like:cheers5:
tried many other investments. property still works better for me. Just make sure it's giving rental returns good enough to cover installations, them dump it aside.... no more itchy fingers/backside. Take out the emotions....
Condo Kaiser
22-04-13, 18:09
agree i also feel prices will not rise much...BUT personally moving forward for people like MYSELF who have tried a lot of ventures in life...like gambling,shares,unit trusts,business....and lastly property mkt...i realise that property is the BEST form of investment...basically because i CANNOT sell or do anything the minute i buy..unlike shares unit trust casino etc etc...my nature is such that i constantly keep monitoring and doing stupid things like selling at the smallest dip...ned up KENA BURN...so my conclusion is property property property....even if i dont make millions...rental alone is enough:cheers1: ...and if a 1million dollar condo today is worth 1million in 30 years time and you only put 20% DP...rest paid by rental effectively..u earned 800k on a 200k investment over 30 years...NOT the greatest or best achievement i know but good enough for me...:spliff2:
no offence but need to discount your assumption a little bit. it is not as simple and smooth sailing as you described about turning 200k into 800k through rental. not every condo can stay rented for the whole of 30 years. and there are times when the cost of carry is higher than your rental income (if any). and in the most extreme case the bank may do a margin call which can wipe out your entire equity if you are caught without liquidity.
we can apply the same logic you have onto shares and other forms of legit investments (casino and lotteries are not investments!) as long as u take a long term view and keep accumulating into stocks, 30 years later you would have build up a substantial nest egg as well. shot gunning in the stock market is not investing, it is just a higher class of gambling.
please dont get me wrong, i am a firm believer of accumulating wealth through property. mainly for it's ability to leverage 5 times without too much cost and volatility.
tht's why generally, the most important requirement i look for in my property investment portfolio is its "rentability".. if rentability is secured, no need worry already... only in times like 1997 and 2008 i try to find "capital gain potential"
no offence but need to discount your assumption a little bit. it is not as simple and smooth sailing as you described about turning 200k into 800k through rental. not every condo can stay rented for the whole of 30 years. and there are times when the cost of carry is higher than your rental income (if any). and in the most extreme case the bank may do a margin call which can wipe out your entire equity if you are caught without liquidity.
we can apply the same logic you have onto shares and other forms of legit investments (casino and lotteries are not investments!) as long as u take a long term view and keep accumulating into stocks, 30 years later you would have build up a substantial nest egg as well. shot gunning in the stock market is not investing, it is just a higher class of gambling.
please dont get me wrong, i am a firm believer of accumulating wealth through property. mainly for it's ability to leverage 5 times without too much cost and volatility.
tht's why generally, the most important requirement i look for in my property investment portfolio is its "rentability".. if rentability is secured, no need worry already... only in times like 1997 and 2008 i try to find "capital gain potential"
totally agree LOCATION LOCATION LOCATION the saying goes:cheers6:for property and ur pretty assured of consistent rental
for shares i really dont know blue chip :confused: s-shares:confused: clob:confused:penny:confused:CFD:scared-4:
all i kena burnt whether i short or long all i kena burnt:doh:
no offence but need to discount your assumption a little bit. it is not as simple and smooth sailing as you described about turning 200k into 800k through rental. not every condo can stay rented for the whole of 30 years. and there are times when the cost of carry is higher than your rental income (if any). and in the most extreme case the bank may do a margin call which can wipe out your entire equity if you are caught without liquidity.
we can apply the same logic you have onto shares and other forms of legit investments (casino and lotteries are not investments!) as long as u take a long term view and keep accumulating into stocks, 30 years later you would have build up a substantial nest egg as well. shot gunning in the stock market is not investing, it is just a higher class of gambling.
please dont get me wrong, i am a firm believer of accumulating wealth through property. mainly for it's ability to leverage 5 times without too much cost and volatility.
tht's why generally, the most important requirement i look for in my property investment portfolio is its "rentability".. if rentability is secured, no need worry already... only in times like 1997 and 2008 i try to find "capital gain potential"
Did you set up Property Kaiser?
Let Office Boy share with you some things I learnt about retirement lately.
Upon your retirement (whichever age), you would want a certain amount of cash say $500K-$1.5mil and some properties which will generate say $10-$20K a month.
How do people do that ?
With properties on hand of course! And many of these people how too few properties on hand to generate the inflation-hedged rental income!
After I learnt all these, I aspire to retire in a few years' time and do my own things everyday !
With this formula, you will realised that property demand is never dying. With a population with many reaching retirement age within the next 10 years, you can imagine the number of properties people would want to own!
DKSG
Let Office Boy share with you some things I learnt about retirement lately.
Upon your retirement (whichever age), you would want a certain amount of cash say $500K-$1.5mil and some properties which will generate say $10-$20K a month.
How do people do that ?
With properties on hand of course! And many of these people how too few properties on hand to generate the inflation-hedged rental income!
After I learnt all these, I aspire to retire in a few years' time and do my own things everyday !
With this formula, you will realised that property demand is never dying. With a population with many reaching retirement age within the next 10 years, you can imagine the number of properties people would want to own!
DKSG
like:cheers1:
Let Office Boy share with you some things I learnt about retirement lately.
Upon your retirement (whichever age), you would want a certain amount of cash say $500K-$1.5mil and some properties which will generate say $10-$20K a month.
How do people do that ?
With properties on hand of course! And many of these people how too few properties on hand to generate the inflation-hedged rental income!
After I learnt all these, I aspire to retire in a few years' time and do my own things everyday !
With this formula, you will realised that property demand is never dying. With a population with many reaching retirement age within the next 10 years, you can imagine the number of properties people would want to own!
DKSG
Hypothetical calculation, If one can cash out from property investment from a peak cycle (now or near future) about $3M hard cash and with own stay paid up=financial independence. That should be able to last about 25 years@$120k pa expenses. If one is 50s or near, this option should be viable if single or small family with adult children working soon. Believe there are quite a few here already there, just not liquidated. Of course, keeping one for rental is a safer bet. :2cents:
phantom_opera
23-04-13, 21:20
what DKSG/Reisor said is easier say than done especially for the current generation just coming out from uni
assuming two graduates get married at 30, apply BTO 400k near Sengkang, downpayment 100k reno 50k will almost use up all saving / CPF OA
must wait 4y to get key, 34y old with one kid liao
must wait another 5y MOP, 39y old liao, with two kids one car liao
say HDB now worth 800k, a 2br condo probably is 1.5m
with income growth trailing inflation ... it will be "chuan" to buy another condo at 1.5m and still keep the HDB by then
so at age 50, possible to have 1.5m cash and two properties fully paid up ready to retire... I seriously doubt so .. now your 2 kids in uni liao
Like I said previously, the current batch of graduate is different from last time lo!
Last time graduate is considered top 10-15% of the country, so buying 1-2-3 properties shouldnt be difficult.
But now, gradudate is probably at about top 35%, so there is likely half of grads who will end up in HDB permanently.
This is the Hard Truth which is hard to tell the newbies.
DKSG
Hypothetical calculation, If one can cash out from property investment from a peak cycle (now or near future) about $3M hard cash and with own stay paid up=financial independence. That should be able to last about 25 years@$120k pa expenses. If one is 50s or near, this option should be viable if single or small family with adult children working soon. Believe there are quite a few here already there, just not liquidated. Of course, keeping one for rental is a safer bet. :2cents:
My Father says using hard cash to see yourself through retirement is not the way to go. Have u done that before ?
I have gone through periods of my life relying on property proceeds. Though the proceeds (like you say) can last for tens of years, seeing it declining by the day is not something many people can take it.
So I convert the money back to properties and earn more rental income - makes me feel much better even though mathematically its about the same.
Any secret for you all la ... Office Boy is not a normal office boy. Hahahaaa!
DKSG
phantom_opera
23-04-13, 22:29
Like I said previously, the current batch of graduate is different from last time lo!
Last time graduate is considered top 10-15% of the country, so buying 1-2-3 properties shouldnt be difficult.
But now, gradudate is probably at about top 35%, so there is likely half of grads who will end up in HDB permanently.
This is the Hard Truth which is hard to tell the newbies.
DKSG
isn't younger gen supposed to be better than the older gen under Papa lol
My Father says using hard cash to see yourself through retirement is not the way to go. Have u done that before ?
I have gone through periods of my life relying on property proceeds. Though the proceeds (like you say) can last for tens of years, seeing it declining by the day is not something many people can take it.
So I convert the money back to properties and earn more rental income - makes me feel much better even though mathematically its about the same.
Any secret for you all la ... Office Boy is not a normal office boy. Hahahaaa!
DKSG
easier to live of OPM. heh.
My Father says using hard cash to see yourself through retirement is not the way to go. Have u done that before ?
I have gone through periods of my life relying on property proceeds. Though the proceeds (like you say) can last for tens of years, seeing it declining by the day is not something many people can take it.
So I convert the money back to properties and earn more rental income - makes me feel much better even though mathematically its about the same.
Any secret for you all la ... Office Boy is not a normal office boy. Hahahaaa!
DKSG
Brudder Dksg, mathematically it is not the same....
1. 3 mil cash last for 25 years spending at 120k pa
2. 3 mil property assuming getting 3% pa nett gives 90k. Value of 3 mil maintained/up or down depending on situation. But very likely up after 25 yrs because of inflation. Hahahahahaha
3. 3 mil cash and get 6 mil worth of properties.... Hahahaha now tough because of absd.
4. 3 mil cash - put 1/2 into reits, bonds, etc... To get returns so u still have residual value...
I am not a financial planner... But I plan my own finance... I actually love some debt... It make me work harder... Dont know about u guys...
Bro dksg, please continue to work towards your goal.... Those with goal tend to reach the objective. At worst, near the objective. Cheers
:cheers1: :cheers1: :cheers1: :cheers1:
phantom_opera
24-04-13, 07:15
IT does not really matter property or not :p
http://www.pewsocialtrends.org/files/2013/04/SDT-2013-04-wealth-recovery-0-1.png
Hypothetical calculation, If one can cash out from property investment from a peak cycle (now or near future) about $3M hard cash and with own stay paid up=financial independence. That should be able to last about 25 years@$120k pa expenses. If one is 50s or near, this option should be viable if single or small family with adult children working soon. Believe there are quite a few here already there, just not liquidated. Of course, keeping one for rental is a safer bet. :2cents:
Money should always be put to use to earn more money. Turn it into an asset rather than an expense.
Money should always be put to use to earn more money. Turn it into an asset rather than an expense.
but in geylang its different story:spliff:
body should always be put to use to earn money use your asset to cover ur
expense:D:D:D
but in geylang its different story:spliff:
body should always be put to use to earn money use your asset to cover ur
expense:D:D:D
To get the customers, also need nice clothes to attract them in the first place. So still expenses out first. Lol. :cheers6: :cheers1:
Now if the expenses is on bb enhancements etc, ah, thats direct asset enhancement. Literally. It directly contributes to more business and better revenue.
So u c, in geylang, works the same way. Expenses are to improve assets.
To get the customers, also need nice clothes to attract them in the first place. So still expenses out first. Lol. :cheers6: :cheers1:
Now if the expenses is on bb enhancements etc, ah, thats direct asset enhancement. Literally. It directly contributes to more business and better revenue.
So u c, in geylang, works the same way. Expenses are to improve assets.
moral of story life is like F@#K:D:D:D
moral of story life is like F@#K:D:D:D
Well we were all created with a fcuk.
Well we were all created with a fcuk.
Huh???? French Connectiom United Kingdom ???? Hahahahahaha
i was surprised that the writer report it as a "surprise development"..
http://www.straitstimes.com
Published on Apr 25, 2013
Prices of resale ECs exceed new units' pricing
Reasons: Glut of new units; blurred lines between privatised ECs, condos
By Cheryl Ong
IN A surprise development, the median prices of resale executive condominiums (ECs) have exceeded those of new EC units.
This is the first time it has happened since the Government reintroduced ECs - a hybrid of public and private housing - into the market in 2010.
One key reason, according to property consultancy Jones Lang LaSalle, is that a plentiful pipeline of new ECs is keeping the prices of new units in check.
In a report, it said the median price of resale EC units hit a high of $778 per sq ft (psf) in the first quarter, exceeding the median price of $748 psf for new units.
In the first quarter, resale ECs also recorded a rise of 5.4 per cent in median prices from the previous quarter - the biggest spike in the past 21/2 years.
Jones Lang LaSalle Singapore research director Ong Teck Hui said prices for new ECs had been higher than those for resale ECs.
"Being new and with a fresh 99-year leasehold, a new EC typically fetched a higher price than a resale EC," said Mr Ong.
But median prices of resale units rose shot up 25.7 per cent between the fourth quarter of 2010 and the first quarter of 2013, while the median prices of new EC units returned to the price levels of 2010 at $748 psf.
Another reason for the reversal could be the blurred lines between private condos and privatised ECs. After 10 years, all restrictions on ECs are lifted.
Median prices of both types of properties appreciated in tandem over the past 2 1/2 years.
In Jurong East, the median price of Westmere EC shot up at a faster rate of 40.6 per cent than nearby private condo Parc Oasis which jumped 35.8 per cent, both since the last quarter of 2010.
Typically, new EC owners are required to occupy their units for at least five years before selling. The units can be sold only to Singapore citizens or permanent residents from the sixth to 10th year.
Mr Ong also said the location of ECs could be another reason for the record median prices.
For example, Bishan Loft, which no longer faces restrictions and is near Bishan MRT station, exceeded the median price of $1,000 psf in the first quarter.
"Pricing differentials between EC developments are mainly due to location, with those nearer MRT stations and amenities commanding higher prices," he said.
To date, 18 ECs have been launched since 2010, with 8,434 of the 9,130 units on the market sold as of the fourth quarter of 2012.
Huh???? French Connectiom United Kingdom ???? Hahahahahaha
Nutbro, if i type the actual word it will be ****
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