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reporter2
21-05-13, 18:38
http://www.businesstimes.com.sg/specials/property/foreigners-share-slips-private-home-deals-20130521

Published May 21, 2013

Foreigners' share slips in private home deals

April's fall to 20.8% follows recovery to 26.7% in March from Feb's 23.3%

By Kalpana Rashiwala


THE proportion of private home transactions involving foreign buyers (including Singapore permanent residents, or PRs) slipped to 20.8 per cent in April, after recovering to 26.7 per cent in March.

In February, their share dived to 23.3 per cent following the seventh round of property cooling measures that took effect on Jan 12.

In January, foreigners had accounted for 28 per cent of caveats lodged for private homes purchased in Singapore, shows Knight Frank's analysis.

Conversely, Singaporean buyers' share increased, from 72.5 per cent in March to 78.3 per cent in April - highest monthly share in a year.

These trends are due to the number of caveats for private homes lodged by Singaporeans rising at a faster clip than purchases by foreigners.

In April, Singaporeans lodged 1,528 caveats, up 62 per cent from March. The number of caveats lodged by foreign buyers rose 16.4 per cent month on month to 405 in April.

Alice Tan, Knight Frank's head of consultancy and research, attributes the bigger jump in caveats lodged by Singaporeans last month to a slew of private residential launches in March especially in the suburban mass-market segment.

Such projects appealed relatively more to Singaporeans, particularly first-time buyers who have been left unscathed by the cooling measures.

As some of the options granted by developers in March would have been exercised by buyers in the following month and caveats lodged shortly thereafter, this could have accounted for the spike in caveats lodged by Singaporeans in April.

On a quarterly basis, the total number of caveats lodged for private home purchases fell 34.4 per cent, from 8,725 in Q4 last year to 5,721 in Q1.

Caveats by Singaporean buyers declined 36.6 per cent quarter on quarter to 4,153 in the first quarter - a bigger percentage drop compared with the 25.3 per cent fall in purchases by foreigners.

Hence the foreign buying share increased to 26.8 per cent in Q1, from 23.5 per cent in Q4 last year and 22.2 per cent for the whole of last year.

Giving a further split of foreign buyers, Knight Frank said the increase was mainly attributed to a rise in proportion of non-PR foreigners, who accounted for 9.9 per cent of total caveats lodged in Q1 2013, compared with 6.9 per cent in Q4 2012 and 6.4 per cent for the whole of 2012.

Ms Tan predicts that the proportion of Singaporean buyers is likely to increase for the second and third quarters of 2013 as they seek new homes from the upcoming projects slated for launch over this period.

"Conversely, the share of foreign buyers is projected to decline, as they are affected by the higher purchasing cost (higher additional buyer's stamp duty rates) and would adopt a more measured approach before investing in the Singapore residential property market.

"Nonetheless, foreigners remain attracted to Singapore's stable fundamentals and their interest for private homes would stay," she added.

International Property Advisor's CEO, Ku Swee Yong, when asked what is currently at the topmost in the minds of potential foreign buyers, said: "Some still can't get over the fact that they have to pay 18 per cent in total buyer's stamp duty to make a residential property purchase in Singapore. And they are still waiting for a more across-the-board price correction, especially in the luxury sector."

Providing a split of foreign buyers by nationality, Knight Frank noted that China buyers retained their No 1 position.

Their share of the foreign buyer pie climbed from 25 per cent in Q4 last year to 29.6 per cent in Q1.

"The recent curbs imposed on the property market in China, compared with the stable fundamentals and the low interest rate environment in Singapore, might have rekindled the Chinese interest in Singapore properties," said Knight Frank.

Malysians remained the second-biggest group of foreign buyers. Their share increased from 22.6 per cent in Q4 last year to 23 per cent in Q1 2013.

Over the same period, Indonesians saw their share among foreign buyers slipping from 21.5 per cent to 19.9 per cent, though they still held on to their third position.

Knight Frank also said that China buyers' share of caveats lodged by foreign buyers, which had spiked from 26.7 per cent in February to 36.2 per cent in March, fell to 28.1 per cent in April. The number of caveats lodged by Chinese citizens fell from 126 in March to 114 in April.

Meanwhile, interest from Malaysian buyers fell initially following the January 2013 cooling measures. Malaysians accounted for 21.5 per cent of total caveats lodged by foreigners in February and 13.8 per cent in March - which are markedly lower than 26.9 per cent in January 2013.

"However, the proportion of Malaysian buyers jumped to 25.2 per cent last month and they contributed 102 caveats, more than twice the 48 caveats in March 2013. This indicates the return of Malysians to secure private homes on the back of a higher number of new project launches with price discounts to offset ABSD (additional buyer's stamp duty) costs," said Ms Tan.

狮子王
21-05-13, 18:53
This is a very good sign. We all know the China Middle Class are arising, and do you know what is the implication?

These Middle Class Family usually come from a single child family. As such, much of the wealth from the predecessors is passed on to one person. When one child marries another child, you have 2 family wealth consolidated into one formiable force.

When you have the extra cash, what will you do ?

狮子王
21-05-13, 18:56
When I stay in Hong Kong, in particular, Tsim Sha Tsui. I realised that there are many frequent travellers from China. These travellers would be very interested in an studio apartments in TST because staying in a hotel is definately much more expensive in the long term :)

狮子王
21-05-13, 18:58
Even those condos in suburban but nearer to the airport are very well sought after by this group of travellers ;) This is because using the Airport Express MTR into the city is cheap and fast.

狮子王
21-05-13, 19:00
The second choice is of course Tsim Sha Tsui, although in recent years, the prices there have also escalated. TST is a good choice because going into Hong Kong Island is a piece of cake by using the tunnel.

狮子王
21-05-13, 19:02
The recent visit by China to India is another very good sign. I think India could capitalise on China's construction technology while China on India labor.

狮子王
21-05-13, 19:03
If China can make India her close ally, very significant improvement in the global economy could be seen.

狮子王
21-05-13, 19:05
What India needs is the big bulk of middle class like in China. And in particular some behavioral transfer from China to India, so that the new middle class from India can invest just like the Chinese. I am keeping my fingers crossed ;)

狮子王
21-05-13, 19:09
The main difference between the China Middle Class and the India Middle Class who bought foreign properties is this. The Chinese goes for Studio apartments while the Indian would go for 3 bedders or above.

The logic I figured is this. Indian likes to travel in family groups including grandparents while the Chinese are mostly couple or single travellers.

狮子王
21-05-13, 19:11
Singaporeans are in the best of both Worlds. Come June 2013 and you shall know why.

sherlock
21-05-13, 19:19
Your predictions have a ring of familiarity around it.... :p

狮子王
21-05-13, 19:31
Your predictions have a ring of familiarity around it.... :p

I agree. But I dun give vague predictions. The following groups of foreigners will surge in Singapore:

English, Germans, Italians, Swedish, French , Japanese and South Korean.

By June we should see this increase beginning. However, whether they will buy properties or not I do not know.

狮子王
21-05-13, 19:41
Many think 2015 will be a bad year. I think the truth will make their jaws dropped :P

teddybear
21-05-13, 20:45
I think the year 2014 - 2017 will be GOLDEN Year!
2019 probably is the PEAK!


Many think 2015 will be a bad year. I think the truth will make their jaws dropped :P

狮子王
22-05-13, 08:58
I think the year 2014 - 2017 will be GOLDEN Year!
2019 probably is the PEAK!


You are right !

Many are brainwashed by the angmo media that a crash is coming due to the currency wars.

This is the most flawed thinking. Because USA has shown to us what the QE can do wonders to a near collapse economy, the global policy makers have learnt a lot from the USA experience.

Therefore, we will see recovery getting stronger and stronger starting June 2013.

DKSG
22-05-13, 09:51
The second choice is of course Tsim Sha Tsui, although in recent years, the prices there have also escalated. TST is a good choice because going into Hong Kong Island is a piece of cake by using the tunnel.

For a moment, I thought the King is promoting The Scotts Tower - TST!

DKSG

DKSG
22-05-13, 09:53
I think the year 2014 - 2017 will be GOLDEN Year!
2019 probably is the PEAK!

My mentor, BJ says next year is a Crazy Horse year, so have to sit tight and watch how the property market cheong!

DKSG

lajia
22-05-13, 10:07
why Jun, because it is next month and is holiday is it?? :scared-5: :p
I agree. But I dun give vague predictions. The following groups of foreigners will surge in Singapore:

English, Germans, Italians, Swedish, French , Japanese and South Korean.

By June we should see this increase beginning. However, whether they will buy properties or not I do not know.

狮子王
22-05-13, 13:45
why Jun, because it is next month and is holiday is it?? :scared-5: :p

Yes. That is correct.

smartboy2
22-05-13, 15:34
Yes. That is correct.


Interesting to know. You sound like master shifu BJ21 :D

How come nobody mention about Properties in Jakarta? The capital app there is higher than us! :D

indomie
22-05-13, 16:12
Interesting to know. You sound like master shifu BJ21 :D

How come nobody mention about Properties in Jakarta? The capital app there is higher than us! :D
240 Unit Apartemen Holland Village Sold Out Dalam 3 Jam
Rabu, 22 Mei 2013 | 14:04

Ivan Setiawan Budiono, CEO Lippo Homes PT Lippo Karawaci Tbk (kanan) dan Joe Christian, Chief of Marketing Holland Village sedang memberikan penjelasan tentang superblok Holland Village kepada calon pembeli saat peluncuran resmi menara apartemen superblok Holland Village di Hotel Aryaduta, Jakarta, Sabtu (18/5).
Harga setiap unit mulai dari Rp1,5 miliar sampai Rp4,5 miliar.

lionhill
22-05-13, 16:17
Interesting to know. You sound like master shifu BJ21 :D

How come nobody mention about Properties in Jakarta? The capital app there is higher than us! :D

Yes, I am also wondering whether it is brother BJ.

Lucky, borther BJ is master, he will not have interest in my tiny hill.

Ringo33
22-05-13, 16:25
240 Unit Apartemen Holland Village Sold Out Dalam 3 Jam
Rabu, 22 Mei 2013 | 14:04

Ivan Setiawan Budiono, CEO Lippo Homes PT Lippo Karawaci Tbk (kanan) dan Joe Christian, Chief of Marketing Holland Village sedang memberikan penjelasan tentang superblok Holland Village kepada calon pembeli saat peluncuran resmi menara apartemen superblok Holland Village di Hotel Aryaduta, Jakarta, Sabtu (18/5).
Harga setiap unit mulai dari Rp1,5 miliar sampai Rp4,5 miliar.

its a bubble

indomie
22-05-13, 17:00
its a bubble
U can read Indonesia... This project was over subscribe 3x

狮子王
22-05-13, 18:57
My mentor, BJ says next year is a Crazy Horse year, so have to sit tight and watch how the property market cheong!

DKSG

Regret to inform you, I have put your mentor into the Institute of Higher Mental Health. We are putting him there for good as he attracted too much attention to our family's liking. In fact, he is an utter disgrace to our family!

Forget about your love for him. Allow me to be the better replacement.

Good Luck.

WOAAHHAHEHEHHEHEHEHEH

狮子王
22-05-13, 19:02
Yes, I am also wondering whether it is brother BJ.

Lucky, borther BJ is master, he will not have interest in my tiny hill.


You must be joking. He should be calling you guys shifu. That guy is a mental case since young. Caught many times by our family running amok naked around our swimming pool. Once, a reporter nearly took a picture of him.

When probed by our family, he said the quickest way to be famous is to run naked around a swimming pool. This guy never believe in hardwork and has been a leech for time eternal.

Good Luck.

狮子王
22-05-13, 19:07
The only thing good about him is his CROW's GAP. That guy SIBEH ZHUN when talking nonsense. Sometimes even analysts and family friends are baffled by the accuracy of his 乌鸦嘴。

Other than that, he is a good for nothing. Since 20 years old, he strongly believe the stock market can make him richer than his grandfather. Come on lah.....other than Peter Lim or Uncle Oei, which Asian make it big in stock market?

狮子王
22-05-13, 19:19
This BJ21 is so full of S-H-I-T and yet many model and pretty ladies with brains can fall for him. Their eyes all got stamps stuck.... PUI ARHHHH!

Ringo33
22-05-13, 19:25
U can read Indonesia... This project was over subscribe 3x

when you talk to indonesian, they will tell you that this sort of growth is just not sustainable because middle class income hasnt been growing as quickly.

For the sake of regional stability, I hope the indo government will do something to cool the property market or else when thing turn bad, it will be really messy, not just for indo, but also for the region.

The same problem is also happening in Philippines.

smartboy2
22-05-13, 20:31
This BJ21 is so full of S-H-I-T and yet many model and pretty ladies with brains can fall for him. Their eyes all got stamps stuck.... PUI ARHHHH!

You're right. Their eyes got stamped with dollar signs. :hell-hath-no-fury:

indomie
22-05-13, 20:41
when you talk to indonesian, they will tell you that this sort of growth is just not sustainable because middle class income hasnt been growing as quickly.

For the sake of regional stability, I hope the indo government will do something to cool the property market or else when thing turn bad, it will be really messy, not just for indo, but also for the region.

The same problem is also happening in Philippines.
This growth is not "an ordinary" growth. This growth doesn't required middle class to keep fueling the demand. This is top level induced growth. This is not an ordinary time. Indonesia is running on 2 speed economy. Some people will fall behind miserably. Others will rocket their way into economy stratosphere. U might not believe anything I said here, but the same could happen to sg.

Ringo33
22-05-13, 21:21
This growth is not "an ordinary" growth. This growth doesn't required middle class to keep fueling the demand. This is top level induced growth. This is not an ordinary time. Indonesia is running on 2 speed economy. Some people will fall behind miserably. Others will rocket their way into economy stratosphere. U might not believe anything I said here, but the same could happen to sg.

I have never seen an economy that sustain a prolong growth without a strong middle class to generate real demand. All these buying frenzy and double digit growth are pretty much fuel by investors and speculators trying to make a quick bucks in property. This is no different from what we have seen in the past.

Another important fact is that Indonesia is still not a matured society and widening income and social gap will eventually takes its toll on the country.

indomie
22-05-13, 21:58
I have never seen an economy that sustain a prolong growth without a strong middle class to generate real demand. All these buying frenzy and double digit growth are pretty much fuel by investors and speculators trying to make a quick bucks in property. This is no different from what we have seen in the past.

Another important fact is that Indonesia is still not a matured society and widening income and social gap will eventually takes its toll on the country.
Jakarta property prices are so much behind the regional property prices. Its playing catch up now. Imagine if the price only move according to the real demand, in the world flushed with liquidity. It will be severely under valued. The current price is actually anticipating to more liquidity to come.

chestnut
22-05-13, 22:04
I have never seen an economy that sustain a prolong growth without a strong middle class to generate real demand. All these buying frenzy and double digit growth are pretty much fuel by investors and speculators trying to make a quick bucks in property. This is no different from what we have seen in the past.

Another important fact is that Indonesia is still not a matured society and widening income and social gap will eventually takes its toll on the country.

Go Myanmar, Vietnam, Cambodia.... Your answer lies there.

Ringo33
22-05-13, 22:11
Jakarta property prices are so much behind the regional property prices. Its playing catch up now. Imagine if the price if the prices only move according with the real demand, in the world flushed with liquidity. It will be severely under valued.

depend what is fueling all these growth. Is the excessive liquidity or is it the real economy? Is the wages in indonesia rising as quickly as the property? Is it just speculative activities fueling all the current property boom.

not many years ago, Vietnam is also experience the same boom and investors are making 20-30% profit within weeks. And then suddenly the music stops.

I am not saying there are no opportunity in indo, but just wish to highlight that this kind of growth is not sustainable for a developing country.

Ringo33
22-05-13, 22:13
Go Myanmar, Vietnam, Cambodia.... Your answer lies there.

There was a big party in Vietnam about 3 to 4 years ago, and then suddenly the DJ left and the music stops.

chestnut
22-05-13, 22:16
There was a big party in Vietnam about 3 to 4 years ago, and then suddenly the DJ left and the music stops.

1. U know how long it lasted?
2. U know how much the salaried person earns?
3. Do u know many are bot by salaried workers?

The music stopped but compare with ave wage:confused: :confused: :confused:

This countries are unique....

Ringo33
22-05-13, 22:36
1. U know how long it lasted?
2. U know how much the salaried person earns?
3. Do u know many are bot by salaried workers?

The music stopped but compare with ave wage:confused: :confused: :confused:

This countries are unique....

There is nothing unique about what is happening in indonesia, philippines or Vietnam. As long as a country doesnt have a strong middle class and wages remain stagnant, then any property boom will not be sustainable.

Another important fact to consider is that interest rate in these countries are not like Singapore, they are many times higher. And this will make them very vulnerable to both internal and external shocks.

chestnut
22-05-13, 22:41
There is nothing unique about what is happening in indonesia, philippines or Vietnam. As long as a country doesnt have a strong middle class and wages remain stagnant, then any property boom will not be sustainable.

Another important fact to consider is that interest rate in these countries are not like Singapore, they are many times higher. And this will make them very vulnerable to both internal and external shocks.

Check Russia, Brazil.... Look at the wage of the middle class... Look at China's middle class wage as well.

Ringo33
22-05-13, 22:46
Check Russia, Brazil.... Look at the wage of the middle class... Look at China's middle class wage as well.
Not very familiar with Russia and Brazil, but for China, they actually have a very strong middle class, and that is why China economy is able to sustain this kind of high growth for so many years. In fact wages in China has grown so fast the many labor intensive industries are starting to move out of China and relocate to countries like Vietnam, Indonesia and Philippines.

And the reason why we dont see many Chinese working abroad as domesitic helper and general labour is because the job opportunity in their country is far better than those of Philippines, Vietnam and Indonesia.

As much as you like to think that these countries are different, they are actually the same. Ultimately it still boil down to affordability.

indomie
22-05-13, 22:46
There is nothing unique about what is happening in indonesia, philippines or Vietnam. As long as a country doesnt have a strong middle class and wages remain stagnant, then any property boom will not be sustainable.

Another important fact to consider is that interest rate in these countries are not like Singapore, they are many times higher. And this will make them very vulnerable to both internal and external shocks.
Look at vietnam property now. They are booming again. Developing countries property chart is not straight up. Its up, down a bit, then up again. Any crash is usually short lived by another boom. Seasoned property players in these markets usually anticipating downturn. That's how insane amount of money are being made. In regulated property market, there are limit to how much u can make.

chestnut
22-05-13, 22:47
China middle class

http://cnreviews.com/life/society-culture/chinas-middle-class_20101022.html

http://www.chinadaily.com.cn/cndy/2012-03/27/content_14918539.htm

Ringo33
22-05-13, 22:49
Look at vietnam property now. They are booming again. Developing countries property chart is not straight up. Its up, down a bit, then up again. Any crash is usually short lived by another boom. Seasoned property players in these markets usually anticipating downturn. That's how insane amount of money are being made. In regulated property market, there are limit to how much u can make.

boom in Vietnam? Dong's term or USD? In Vietnam, you can make more than 10% interest just by keeping your Dong in the bank.

chestnut
22-05-13, 22:56
Not very familiar with Russia and Brazil, but for China, they actually have a very strong middle class, and that is why China economy is able to sustain this kind of high growth for so many years. In fact wages in China has grown so fast the many labor intensive industries are starting to move out of China and relocate to countries like Vietnam, Indonesia and Philippines.

And the reason why we dont see many Chinese working abroad as domesitic helper and general labour is because the job opportunity in their country is far better than those of Philippines, Vietnam and Indonesia.

As much as you like to think that these countries are different, they are actually the same. Ultimately it still boil down to affordability.

Brudder, I posted link for u to see the China middle class salary classification.

As for indo, check this out... The economy bursting hor....
http://www.bcg.com/media/pressreleasedetails.aspx?id=tcm:12-129295

http://blogs.wsj.com/searealtime/2013/03/06/indonesian-middle-and-affluent-classes-to-double-report-says/

U look at the stock market for indo...

I am waiting for indo to allow foreigners to invest... I will be the first to go in. Hahahaha

Ringo33
22-05-13, 23:09
Brudder, I posted link for u to see the China middle class salary classification.

As for indo, check this out... The economy bursting hor....
http://www.bcg.com/media/pressreleasedetails.aspx?id=tcm:12-129295

http://blogs.wsj.com/searealtime/2013/03/06/indonesian-middle-and-affluent-classes-to-double-report-says/

U look at the stock market for indo...

I am waiting for indo to allow foreigners to invest... I will be the first to go in. Hahahaha

I think the best way to judge an emerging economy is not what the analyst say or the stock market, but to look at the type of FDI they are attracting into the country. In order for middle class wages to grow, their manufacturing and service industry will have to move up the value chain. If not, all the money and wealth will be trap in the hands of the elite

indomie
22-05-13, 23:13
boom in Vietnam? Dong's term or USD? In Vietnam, you can make more than 10% interest just by keeping your Dong in the bank.
Vietnam real estate market now recovering: construction minister
April 12, 2013 by thanhniennews
The real estate market has hit its bottom and is now picking up, though at a slow pace, says Construction Minister Trinh Dinh Dung.
Vietnam’s real estate market is now picking up, an official says
“The market has been sluggish for a very long time, since the second quarter of 2011 in Hanoi and since 2009 in Ho Chi Minh City. But now there are positive signs with transactions rising,” Dung said in an interview published in Thursday’s Vietnam Economic Times.
He said the market had “frozen” due to many reasons, including a squeeze on bank loans and an oversupply of housing products.
“So it is vital to ease credit access for homebuyers. At the same time, developers should focus on market segments with real demand,” Dung said.

chestnut
22-05-13, 23:13
I think the best way to judge an emerging economy is not what the analyst say or the stock market, but to look at the type of FDI they are attracting into the country. In order for middle class wages to grow, their manufacturing and service industry will have to move up the value chain. If not, all the money and wealth will be trap in the hands of the elite

Ok, share something with u on indo... The property growth is in Jakarta and a few key cities.... The ave salary person can afford to buy the properties... Why??? You should know why.... Hahahahahaha
There is more than meet the eye...

Ringo33
22-05-13, 23:17
Vietnam real estate market now recovering: construction minister
April 12, 2013 by thanhniennews
The real estate market has hit its bottom and is now picking up, though at a slow pace, says Construction Minister Trinh Dinh Dung.
Vietnam’s real estate market is now picking up, an official says
“The market has been sluggish for a very long time, since the second quarter of 2011 in Hanoi and since 2009 in Ho Chi Minh City. But now there are positive signs with transactions rising,” Dung said in an interview published in Thursday’s Vietnam Economic Times.
He said the market had “frozen” due to many reasons, including a squeeze on bank loans and an oversupply of housing products.
“So it is vital to ease credit access for homebuyers. At the same time, developers should focus on market segments with real demand,” Dung said.

In vietnam, no one trust the government and neither do they trust their own currency, thats why in Vietnam, they all prefer to keep physical gold as compared to putting money in the bank.

Ok, property price is growing, but what about their domestic inflation? When a country need to set their saving interest rate at above 10%, then one will need to open eyes wide wide to ask why and why not.

dtrax
22-05-13, 23:21
Ok, share something with u on indo... The property growth is in Jakarta and a few key cities.... The ave salary person can afford to buy the properties... Why??? You should know why.... Hahahahahaha
There is more than meet the eye...

Jin scary.. but of cse i know i know! Coz not I say one but Lipton CEO of southeastasia said word for word from his mouth: "“At a certain point you can’t stop the flying wheel any more. Too many people are turning into the middle class.”".. even use the word decennium, see the word so chim go look up dictionary but I kinda guess what is means. He jitao lose control and shout 2 decades of boom in land of indon, I see like eyes *blink*blink*

chestnut
22-05-13, 23:23
I think the best way to judge an emerging economy is not what the analyst say or the stock market, but to look at the type of FDI they are attracting into the country. In order for middle class wages to grow, their manufacturing and service industry will have to move up the value chain. If not, all the money and wealth will be trap in the hands of the elite

1. Do u know how much the middle class in china earn???

2. Do u know how many farmers are there???

Ok... Going to sleep Liao... Cheers:cheers6: :cheers6: :cheers6:

indomie
22-05-13, 23:36
I think the best way to judge an emerging economy is not what the analyst say or the stock market, but to look at the type of FDI they are attracting into the country. In order for middle class wages to grow, their manufacturing and service industry will have to move up the value chain. If not, all the money and wealth will be trap in the hands of the elite
The only way that the money will trickle down is by some sort of crash, believe it or not. If the market is straight up, the elite will not bother to invest in anything productive. They will only invest in speculative instruments. A crash actually force them to invest in productive assets because it becomes so cheap. After a crash, a factory become cheap, a hotel become cheap, wages are cheap. Everything will get moving again on a more solid ground.

If u can ride out a crash in an emerging economy, the reward can be huge. Personaly I don't shun away from emerging market property. If u have extra cash to invest long term for your kid, u could be better off buying a property in hanoi or jkt, than a similar priced house in USA.

Rysk
23-05-13, 07:59
Singaporeans are in the best of both Worlds. Come June 2013 and you shall know why.

If that's the case.. hopefully soon after June, I can see condo jump 20-30% & Landed pty fall 20-30% at the same time.. So I can sell my condo & jump straight into my dream Luxus Hills

As we are aware that the "Land Storm is Coming".. you know!!
http://forums.condosingapore.com/showthread.php?p=393410#post393410

狮子王
23-05-13, 11:26
If that's the case.. hopefully soon after June, I can see condo jump 20-30% & Landed pty fall 20-30% at the same time.. So I can sell my condo & jump straight into my dream Luxus Hills

As we are aware that the "Land Storm is Coming".. you know!!
http://forums.condosingapore.com/showthread.php?p=393410#post393410

I dun understand why u guys like luxus hill so much. there are newer but less expensive choice like seletar view. The quality also on par and the tenure is like 999 years. Many pretty agents staying there also, every morning I watch them drive past my bungalow.

http://www.propertyguru.com.sg/listing/13542117/for-sale-seletar-view

狮子王
23-05-13, 11:30
I dun understand why u guys like luxus hill so much. there are newer but less expensive choice like seletar view. The quality also on par and the tenure is like 999 years. Many pretty agents staying there also, every morning I watch them drive past my bungalow.

http://www.propertyguru.com.sg/listing/13542117/for-sale-seletar-view

Come to think of it, before my next tenant, I am going Science Center to buy a super powderful telescope like 2000x. I will use it to watch terrestial activities instead of the galaxies. You guys think my idea brilliant or not ?

狮子王
23-05-13, 11:32
Come to think of it, before my next tenant, I am going Science Center to buy a super powderful telescope like 2000x. I will use it to watch terrestial activities instead of the galaxies. You guys think my idea brilliant or not ?

I was thinking of using an infrared lens on this telescope, and connect the lens to a Sony Videocam. You think can see through curtains or even walls ??

Rysk
23-05-13, 12:27
I dun understand why u guys like luxus hill so much. there are newer but less expensive choice like seletar view. The quality also on par and the tenure is like 999 years. Many pretty agents staying there also, every morning I watch them drive past my bungalow.

http://www.propertyguru.com.sg/listing/13542117/for-sale-seletar-view

Your recommendation on seletar cluster house also nice lah..

If the "Land Storm" will also affect this type of non-strata as well & will fall 20-30%.. I'm keen too!

But according to the "Land Storm is Coming".. TS is referring to only strata title landed houses.. so sigh liao :(
http://forums.condosingapore.com/showthread.php?t=17582