View Full Version : to invest now or to wait?
dear forummers, would like to hear some views from you guys.
We currently own a condo, fully paid up, valued at 2.2m. We wish to move to a smaller condo and rent out our current condo. We only have enough for downpayment of smaller condo, but we have no outstanding loans. Would you advise this is a good time to buy this 2nd condo now? Or should we wait for next yr as i hear prices may soften by yr end.
And if we do go ahead and buy, would you advise us taking up a term loan off our current ppty or just take a bank loan? Any differences between the two?
I often referred by some forumers here as "a super bull". Maybe in a way I am. My advise is still the same. If you can afford it, just buy it. The conditions that create a property bull run hasn't change. Money is still depreciating, population is still increasing. Maybe the buying fatigue has set in, but the drive is still there.
For example you are a very typical of the demand. Got the money, but hesitate to invest. Trust me, there are plenty of people in similar situation like you.
It is nice to be unaffected by all the damn cooling measures.
Dont buy dont buy
just wait......
buy if you can get find a property asking for 25% discount or more from last transaction / valuation.... :D
I thought most investors have turned to overseas ppty after the 7% absd.
I have another thinking - to sell current ppty and buy a smaller ppty A and hold onto remaining cash till ppty prices soften, then get another small ppty B as investment. This way, we can purchase A and B under different names to escape the absd. But the downside is we wont be able to get a ppty for the same price in as good a location as our current ppty now.
Would you advise me to keep current ppty and buy 2nd ppty with absd? Target purchase price is ard 1.2m. Or to sell current ppty as above?
buy if you can get find a property asking for 25% discount or more from last transaction / valuation.... :D
So far i have not seen any sellers selling below previous transacted psf. All are asking higher. I dont think the market has soften till prices drop 25%. I will be happy if can get same psf as previous transaction.
Last week i went to see Coralis. Unit advertised at 2.2m. However when we viewed the unit,agent said seller asking 2.6m. Size is only 1257sqft. We were quite angry as the agent should advertise the right asking price. Then agent said seller paid in full for this unit, so in no hurry to sell.
Doing nothing is equivalent of:
Current:
$2.2m x 3% yield = -$66k (consuming)
Interests Costs = $0
Cash on hand = $0
Profits = -$66k + $0 = -$66k
Buying two new properties:
A - Own Stay (New Place)
$1.2m x 3% yield = - $36k (consuming)
Interests Costs = 80% x $1.2m x 1% = -$10k
B - Rented Out (New Place)
$2.2m x 3% = $66k (renting)
Interests Costs = 80% x $2.2m x 1% = -$17.6k
Cash on hand = 99% x 2.2m - 23% x $1.2m - 23% x $2.2m = $1.396m
Profits = - $36k - $10k + $66k - $17.6k = $2.4k
Doing nothing is actually costing you $66k per annum. Buy two and sell old is actually having a nett $2.4k profits and not to mention the released cash of 80% equity. (NOTE: this is not cash flow)
thomastansb
22-10-13, 13:47
I will wait. I don't like paying 7% ABSD even though you can get 80% loan.
dear forummers, would like to hear some views from you guys.
We currently own a condo, fully paid up, valued at 2.2m. We wish to move to a smaller condo and rent out our current condo. We only have enough for downpayment of smaller condo, but we have no outstanding loans. Would you advise this is a good time to buy this 2nd condo now? Or should we wait for next yr as i hear prices may soften by yr end.
And if we do go ahead and buy, would you advise us taking up a term loan off our current ppty or just take a bank loan? Any differences between the two?
I will wait. I don't like paying 7% ABSD even though you can get 80% loan.
when do u foresee the earliest absd will be removed?
when do u foresee the earliest absd will be removed?
when market crash...
Dont think absd will be removed anytime in next 3yrs.
What is the time lapse i can play with if i do sell my place and buy another without incurring 7% absd? Ie. If i buy new plc first, will i be given time to sell off current ppty? Or must i sell current plc first then buy new plc?
Dont think absd will be removed anytime in next 3yrs.
What is the time lapse i can play with if i do sell my place and buy another without incurring 7% absd? Ie. If i buy new plc first, will i be given time to sell off current ppty? Or must i sell current plc first then buy new plc?
Actually, I think you've almost made up your mind to buy another one. there is nothing wrong because no one can predict the future. As a matter of fact, given current environment, high inflation will be a long trend. If the properties prices in SG is subdued in two or three years due to the CMs and TDSR, there will be a burst of demand three years later.
Given the relative big quantum of your current one, it does not make sense to sell the current one to avoid absd unless you want to buy a even bigger one because you need to pay the 3% sales tax for the current one.
my understanding is that, to avoid absd, you must sell the current one to buy another resale one, or sell the current one before TOP if you buy new launches.
I believe you can avoid absd if you can provide evidence that you have sold or are selling (example have a signed option to purchase from your buyer) your property before you purchased your next property.
If you buy buc before you sell your property I believe you still need to pay absd.
Loans are harder, for Hdb 30% income. how much more cov owners can ask, when the valuations price is alrdy so tough to get loan under 30% cm.
Loans for Pte, at 60% income.
Owners can hold if low interests maintain.
Buyers wannabe cannot touch. It's a game of self illusion, holding to high values props but alot of buyers are chopped off by cms. Transactions to come down
Where do we see its going towards..?
*ps/ I tried applied for hdb/pte loans and got a shock, how stringent loans are being approved now
I often referred by some forumers here as "a super bull". Maybe in a way I am. My advise is still the same. If you can afford it, just buy it. The conditions that create a property bull run hasn't change. Money is still depreciating, population is still increasing. Maybe the buying fatigue has set in, but the drive is still there.
For example you are a very typical of the demand. Got the money, but hesitate to invest. Trust me, there are plenty of people in similar situation like you.
I like the way you put it..... buying fatigue at the moment but demographics trend sets the property trend as well.
Actually, I think you've almost made up your mind to buy another one. there is nothing wrong because no one can predict the future. As a matter of fact, given current environment, high inflation will be a long trend. If the properties prices in SG is subdued in two or three years due to the CMs and TDSR, there will be a burst of demand three years later.
Given the relative big quantum of your current one, it does not make sense to sell the current one to avoid absd unless you want to buy a even bigger one because you need to pay the 3% sales tax for the current one.
my understanding is that, to avoid absd, you must sell the current one to buy another resale one, or sell the current one before TOP if you buy new launches.
Yes you are right that i have made up my mind to buy. I saw a unit that i like but hesitant whether to wait for a few more months due to the fact that hdb cov is comin down. My own analysis tells me upgraders will have lesser budget or may just wait it out, causing market to be very stagnant and serious sellers may just sell lower than expected. The ppty im looking to buy is a small unit, low quantum which i think belongs to the same group as what hdb upgraders would want.
Why do you say if i sell my current ppty i need to pay 3% sales tax? What is this tax?
when do u foresee the earliest absd will be removed?
Removal of ABSD may not happen as long as Singapore is seen as Switzerland of the east......
The whole idea is to make ownership of a property in Singapore akin to a limited edition kind of purchase.
This creates a larger pool of stakeholders both Singaporeans and foreigners in Singapore although the stake is only 1 property per person because barriers for >1 property are stacked up.
It will be tough to remove considering that we are moving to 5.9 - 6.5 million population.
Just imagine the China Chinese middle class rising in purchase power and if everyone of them wants to own a unit in Singapore is enough to sustain the demand, i.e. Singapore brand is worth alot.
As for India, not too sure because their society structure is not as sound as the Chinese with FDI and rupee falling.
We the early immigrants (not aborigines) of Singapore will become Straits Chinese 50 years down the road, i.e. a minority just like the Peranakan folks now.
Adapt adapt adapt and embrace our heritage. We will need to strive and protect our way of living as the population scales tips out of our favour. The good thing is, we Singaporeans can help shape the system moving forward for us and the new immigrants.
Removal of ABSD may not happen as long as Singapore is seen as Switzerland of the east......
The whole idea is to make ownership of a property in Singapore akin to a limited edition kind of purchase.
This creates a larger pool of stakeholders both Singaporeans and foreigners in Singapore although the stake is only 1 property per person because barriers for >1 property are stacked up.
It will be tough to remove considering that we are moving to 5.9 - 6.5 million population.
Just imagine the China Chinese middle class rising in purchase power and if everyone of them wants to own a unit in Singapore is enough to sustain the demand, i.e. Singapore brand is worth alot.
As for India, not too sure because their society structure is not as sound as the Chinese with FDI and rupee falling.
We the early immigrants (not aborigines) of Singapore will become Straits Chinese 50 years down the road, i.e. a minority just like the Peranakan folks now.
Adapt adapt adapt and embrace our heritage. We will need to strive and protect our way of living as the population scales tips out of our favour. The good thing is, we Singaporeans can help shape the system moving forward for us and the new immigrants.
so if the general sentiment is tat absd will be here for good, hard for prices to really come down eg 20% wor since everyone who can still afford will no longer wait.
unless policy makers state they will remove absd explicitly eg, latest by 2015:D
thomastansb
22-10-13, 16:35
When the 7% ABSD and the LTV was imposed, Tharman already said these measures are drastic but temporary. COV dropping fast and furious, big HDB units are difficult to sell now, private resale prices starting to show weaknesses. I wouldn't want to bet on that.
"These new ABSDs and loan rules are significant, but they are temporary. They are being imposed to cool the market now, and will be reviewed in future depending on market conditions."
http://www.ura.gov.sg/pr/text/2013/pr13-04.html
Removal of ABSD may not happen as long as Singapore is seen as Switzerland of the east......
The whole idea is to make ownership of a property in Singapore akin to a limited edition kind of purchase.
This creates a larger pool of stakeholders both Singaporeans and foreigners in Singapore although the stake is only 1 property per person because barriers for >1 property are stacked up.
It will be tough to remove considering that we are moving to 5.9 - 6.5 million population.
Just imagine the China Chinese middle class rising in purchase power and if everyone of them wants to own a unit in Singapore is enough to sustain the demand, i.e. Singapore brand is worth alot.
As for India, not too sure because their society structure is not as sound as the Chinese with FDI and rupee falling.
We the early immigrants (not aborigines) of Singapore will become Straits Chinese 50 years down the road, i.e. a minority just like the Peranakan folks now.
Adapt adapt adapt and embrace our heritage. We will need to strive and protect our way of living as the population scales tips out of our favour. The good thing is, we Singaporeans can help shape the system moving forward for us and the new immigrants.
Why do you say if i sell my current ppty i need to pay 3% sales tax? What is this tax?
I had thought there was always a 3% stamp duty for sellers. but I checked the IRAS just now, it applies only when one holds a property for less than 4 years.
thank you for pointing it out.
thomastansb
22-10-13, 16:38
People are funny. Anyway, in 2009, prices dropped 32% but people still saying will continue to drop and never buy. Transactions hit an all time low of 100. Citibank also say likely to drop 45% although that didn't happen. So I will say if it drop 20%, all buyers will disappear overnight. Now no crisis, of course everyone waiting. When crisis come, some will lose their job, some will tighten their belt but most will be humji. Don't dare to enter market.
so if the general sentiment is tat absd will be here for good, hard for prices to really come down eg 20% wor since everyone who can still afford will no longer wait.
unless policy makers state they will remove absd explicitly eg, latest by 2015:D
[I]"These new ABSDs and loan rules are significant, but they are temporary. They are being imposed to cool the market now, and will be reviewed in future depending on market conditions."
look at how skilfully tharman phrased his words.
1. whether it will be reviewed onot depends on market conditions.
2. will be reviewed is diff fm will be removed.
there is no guarantee tat absd will be removed.
People are funny. Anyway, in 2009, prices dropped 32% but people still saying will continue to drop and never buy. Transactions hit an all time low of 100. Citibank also say likely to drop 45% although that didn't happen. So I will say if it drop 20%, all buyers will disappear overnight. Now no crisis, of course everyone waiting. When crisis come, some will lose their job, some will tighten their belt but most will be humji. Don't dare to enter market.
actually I did seriously considered tis qn too. will I buy if market is bad & job is uncertain?
my answer is yes.
will I buy if I lose my job?
my answer is still yes but I will reduce my budget by 10% :D
actually I did seriously considered tis qn too. will I buy if market is bad & job is uncertain?
my answer is yes.
will I buy if I lose my job?
my answer is still yes but I will reduce my budget by 10% :D
You should set aside some money to pay maintenance fee.
look at how skilfully tharman phrased his words.
1. whether it will be reviewed onot depends on market conditions.
2. will be reviewed is diff fm will be removed.
there is no guarantee tat absd will be removed.
he oso use the word temporily leh... as long as u are the head, u can say anything u want.
You should set aside some money to pay maintenance fee.
how come leh? issit u foreseen tat u will hv problem paying yr maintenance fee after burning a hefty hole in yr pocket fm the purchase of JG? :D
dun worry wor, if the unit is exp I wun even buy in the 1st place :D
he oso use the word temporily leh... as long as u are the head, u can say anything u want.
of cos cannot use the word permanently wat. 2016 is coming, nothing is permanent :D
how come leh? issit u foreseen tat u will hv problem paying yr maintenance fee after burning a hefty hole in yr pocket fm the purchase of JG? :D
dun worry wor, if the unit is exp I wun even buy in the 1st place :D
1st property?
1st property?
means wat?
JG is yr 1st ppty?
dun get wat u r asking.
means wat?
JG is yr 1st ppty?
dun get wat u r asking.
I saw your post asking about GST for maintenance fee, so I thought this must be the first time you are buying private property.
Correct? When TOP?
I saw your post asking about GST for maintenance fee, so I thought this must be the first time you are buying private property.
Correct? When TOP?
it is becos I see diff treatment fm diff projects tats y Im confused. my project charges gst but I heard some ppl say dun nid pay gst.
it is becos I see diff treatment fm diff projects tats y Im confused. my project charges gst but I heard some ppl say dun nid pay gst.
Its ok if you are buying your first property. There is nothing to be ashamed of. Dont need to cook up stories.
shd we pay gst on maintenance fee?
den sinking funds?
Its ok if you are buying your first property. There is nothing to be ashamed of. Dont need to cook up stories.
it is either u r gd at twisting ppl's words or yr command of English is simply poor :47:
actually I did seriously considered tis qn too. will I buy if market is bad & job is uncertain?
my answer is yes.
will I buy if I lose my job?
my answer is still yes but I will reduce my budget by 10% :D
After u lose ur job, how r u going to take mortgage to buy condo? Do banks lend to jobless person? U have other side income. Tdsr to consider again.
Unless
1) u cash rich to buy resale
2) u dont take mortgage, but u use progressive payment to buy new sale? Hopefully u get a job in time to take mortgage
thomastansb
22-10-13, 17:40
But not many people can buy without a job. If there are 10,000 units on the market but 200 buyers, then prices will definitely go down. Like 2009.
actually I did seriously considered tis qn too. will I buy if market is bad & job is uncertain?
my answer is yes.
will I buy if I lose my job?
my answer is still yes but I will reduce my budget by 10% :D
it is either u r gd at twisting ppl's words or yr command of English is simply poor :47:
Anyone who have been paying maintenance fee will not ask this kind of questions and if you own a TOP condo, you should also be paying your Q4 maintenance fee this month.
Like I say before, its perfectly fine if you just bought your 1st condo, there is nothing to be ashamed of, so please dont cook up all sort of ridicules stories to deny it.
You do sound like a person with very low self esteem. Do you need help?
After u lose ur job, how r u going to take mortgage to buy condo? Do banks lend to jobless person? U have other side income. Tdsr to consider again.
Unless
1) u cash rich to buy resale
2) u dont take mortgage, but u use progressive payment to buy new sale? Hopefully u get a job in time to take mortgage
even if I did not lose my job, no banks will lend me $. hence whether I lose my job onot is not relevant to my next purchase.
But not many people can buy without a job. If there are 10,000 units on the market but 200 buyers, then prices will definitely go down. Like 2009.
I tink when the market will crash really have to depend on external shocks. To depends on 2015 supply more than demand, I tink the correction oso not tat significant.
mayb tat slight correction wun even warrant the removal of absd.
even if I did not lose my job, no banks will lend me $. hence whether I lose my job onot is not relevant to my next purchase.
Havent even collect key you want to talk about next property liao?
Anyone who have been paying maintenance fee will not ask this kind of questions.
tis is not true at all.
Havent even collect key you want to talk about next property liao?
u r a very presumptous person.
anyway, I dun see any correlation between key collection to the number of ppty one is buying.
Did you buy your first property JGateway also?
So could you tell us maintenance fee need to pay GST or not? :beats-me-man:
I saw your post asking about GST for maintenance fee, so I thought this must be the first time you are buying private property.
Correct? When TOP?
Anyone who have been paying maintenance fee will not ask this kind of questions and if you own a TOP condo, you should also be paying your Q4 maintenance fee this month.
Like I say before, its perfectly fine if you just bought your 1st condo, there is nothing to be ashamed of, so please dont cook up all sort of ridicules stories to deny it.
You do sound like a person with very low self esteem. Do you need help?
Patrickstar
22-10-13, 17:54
I think the absd is turning a lot of cash rich buyers away not because they can't afford , but rather they don't want to throw their money down the gutter on some stamp duty. I still do not think new launches are attractively priced and resale properties are also aiming for the sky. When I speak to agents , they always say this area n that area has potential simply because govt is doing something, but my philosophy has always been to look at rental n price trends in the area before deciding on a purchase. In the current market , the herd mentality is still very prevalent and it will be for a long time as people have too much cash in their banks.
tis is not true at all.
u r a very presumptous person.
anyway, I dun see any correlation between key collection to the number of ppty one is buying.
Its perfectly fine if you just bought you first property, dont need to feel ashamed or uneasy. Cooking up nonsensical stories and acting like you know so much is not just pointless because people wont believe you, the worst is you know you are bluffing to yourself.
Its perfectly fine if you just bought you first property, dont need to feel ashamed or uneasy. Cooking up nonsensical stories and acting like you know so much is not just pointless because people wont believe you, the worst is you know you are bluffing to yourself.
tink u r mistaken here.
nobody has anything to hide.
juz tat ppl r not willing to tell u many things cos u r not a sincere person. u r oni interested to dig infor fm others but is very secretive on yrself.
ppl who has been bumping into me in various threads noes a lot of my personal stuffs.
even if I did not lose my job, no banks will lend me $. hence whether I lose my job onot is not relevant to my next purchase.
I get ur message. U r cash rich old maid :)
U damn attractive le:)
dear forummers, would like to hear some views from you guys.
We currently own a condo, fully paid up, valued at 2.2m. We wish to move to a smaller condo and rent out our current condo. We only have enough for downpayment of smaller condo, but we have no outstanding loans. Would you advise this is a good time to buy this 2nd condo now? Or should we wait for next yr as i hear prices may soften by yr end.
And if we do go ahead and buy, would you advise us taking up a term loan off our current ppty or just take a bank loan? Any differences between the two?
Would u consider de-coupling. Sell ur existing condo to ur wife. She pays stamp duty of the 50% value. She needs pay u ur CPF portion back and balance as cash. Or vise-versa depending who can better secure loan for the second property.
I get ur message. U r cash rich old maid :)
U damn attractive le:)
define old maid -_-
People are funny. Anyway, in 2009, prices dropped 32% but people still saying will continue to drop and never buy. Transactions hit an all time low of 100. Citibank also say likely to drop 45% although that didn't happen. So I will say if it drop 20%, all buyers will disappear overnight. Now no crisis, of course everyone waiting. When crisis come, some will lose their job, some will tighten their belt but most will be humji. Don't dare to enter market.
This time is different. As long as ABSD and TDSR still around even if market drop 20 or 30% still very tough to get in. Oh the good old days of DPS haha.
This time is different. As long as ABSD and TDSR still around even if market drop 20 or 30% still very tough to get in. Oh the good old days of DPS haha.
Tdsr means tat it is safer not to commit a big unit as u hv a smaller pool of potential buyers.
proud owner
23-10-13, 00:43
So far i have not seen any sellers selling below previous transacted psf. All are asking higher. I dont think the market has soften till prices drop 25%. I will be happy if can get same psf as previous transaction.
Last week i went to see Coralis. Unit advertised at 2.2m. However when we viewed the unit,agent said seller asking 2.6m. Size is only 1257sqft. We were quite angry as the agent should advertise the right asking price. Then agent said seller paid in full for this unit, so in no hurry to sell.
did you ask the agent why then had he advertised 2.2m ?
care to disclose his name and company so we know who to avoid ?
proud owner
23-10-13, 00:55
he oso use the word temporily leh... as long as u are the head, u can say anything u want.
Temporary does not have a time frame ...
Just like I always tell my friends .. I play golf regularly ...
Regularly = equal intervals ..
for me ... its golfing once a year .... at equal 12 mths interval ... that's Regularly
dear forummers, would like to hear some views from you guys.
We currently own a condo, fully paid up, valued at 2.2m. We wish to move to a smaller condo and rent out our current condo. We only have enough for downpayment of smaller condo, but we have no outstanding loans. Would you advise this is a good time to buy this 2nd condo now? Or should we wait for next yr as i hear prices may soften by yr end.
And if we do go ahead and buy, would you advise us taking up a term loan off our current ppty or just take a bank loan? Any differences between the two?
1) Are you buying a smaller condo because you want to downsize or thats what you can afford?
2) Are you and your wife still working? If yes, then you could explore the possibility of selling your existing condo and then buy 2 units, one with your name and one with your wife's name and there should not be any concern for paying stamp duty for both properties because if you dont sell, your second property will still be subjected to ABSD.
Since you will have 2.2m cash from the sale I presume you should be able to use this money to work around the TDSR if assuming you dont have other major liability.
3) Yes, the market seems to be softening, especially for new launches. For resale market, it depends on district and size. Having said that, buying property should not always be about trying to catch the bottom or price. It should be about value and enjoyment. If you see something that you both really like at a decent price, then dont grap it because you are buying for own stay.
Very common.
Agent advertise super low price to fish for buyers.
Agent advertise super high price to fish for sellers.
Both are not realistic.
did you ask the agent why then had he advertised 2.2m ?
care to disclose his name and company so we know who to avoid ?
Ringo,
still waiting for your reply................... So simple question about maintenance fee need to pay GST or not you also can't answer? :o
Did you buy your first property JGateway also?
So could you tell us maintenance fee need to pay GST or not? :beats-me-man:
Quote:
Originally Posted by Ringo33 View Post
I saw your post asking about GST for maintenance fee, so I thought this must be the first time you are buying private property.
Correct? When TOP?
Quote:
Originally Posted by Ringo33 View Post
Anyone who have been paying maintenance fee will not ask this kind of questions and if you own a TOP condo, you should also be paying your Q4 maintenance fee this month.
Like I say before, its perfectly fine if you just bought your 1st condo, there is nothing to be ashamed of, so please dont cook up all sort of ridicules stories to deny it.
You do sound like a person with very low self esteem. Do you need help?
Very common.
Agent advertise super low price to fish for buyers.
Agent advertise super high price to fish for sellers.
Both are not realistic.
Best to reconfirm on the phone the sellers asking so that you don't waste your time going down. The agents probably don't want to waste their own time either.
Best to reconfirm on the phone the sellers asking so that you don't waste your time going down. The agents probably don't want to waste their own time either.
very hard one. even if agents r realistic, many sellers r not genuinely selling. they merely wanna test the water nia.
if u ask agents too many qns, they will suspect tat u r an agent instead :banghead:
Ringo,
still waiting for your reply................... So simple question about maintenance fee need to pay GST or not you also can't answer? :o
Quote:
Originally Posted by Ringo33 View Post
I saw your post asking about GST for maintenance fee, so I thought this must be the first time you are buying private property.
Correct? When TOP?
Quote:
Originally Posted by Ringo33 View Post
Anyone who have been paying maintenance fee will not ask this kind of questions and if you own a TOP condo, you should also be paying your Q4 maintenance fee this month.
Like I say before, its perfectly fine if you just bought your 1st condo, there is nothing to be ashamed of, so please dont cook up all sort of ridicules stories to deny it.
You do sound like a person with very low self esteem. Do you need help?
If you need to ask that mean you are not very smart person.
If you need to ask that mean you are not very smart person.
depends on the intellectual level of a person whom one is dealing wif la. if a person cannot understand simple logic, I tink everything nid to be ask/spelt out clearly to him/her so tat the not so smart person can comprehend.
why no one mention di-vest? lol
Sometimes, agent use outdated record of seller's offer price now. Prices already gone up quite a bit deal in the last couple years. Agents are not updated their list.
Very common.
Agent advertise super low price to fish for buyers.
Agent advertise super high price to fish for sellers.
Both are not realistic.
it is either u r gd at twisting ppl's words or yr command of English is simply poor :47:
Mermaid,
Command of English is not the best. I've read worse in all fairness to him.
He's primary school level in the art of debate however. Endless strawman's, ad hominem's etc. Just ignore and move on - no point feeding someone who seems to live for 3rd rate conversation 24/7 to either stoke his ego or minimise a nasty case of buyers remorse.
On the other hand if you enjoy torturing the poor guy, go right ahead :D
This forum is for sharing and learning. Good place to ask sensible questions like on GST. We faced this issue just this year for the first time as an upgrade was in danger of pushing our collection over the million dollar mark on total collections & into GST territory. We were not sure, so we listened to people with more experience & knowledge of the matter so we could find out the actual requirement as per law and figure out what could be done to minimise. Crazy idea right?
or maybe the idea is that as soon as you own one property you will automatically somehow know absolutely everything there is to know.
ps. on 2nd thought - he cannot have buyers remorse. To get that you need to buy something to be remorseful about.
or maybe the idea is that as soon as you own one property you will automatically somehow know absolutely everything there is to know.
it is precisely I heard of inconsistency in treatment tats y I wanna clarify my doubts. So wat if a person holds multiple ppty? He can be wrong for many yrs if he din even bother to find out wat is the proper rule in the 1st place!
This forum is for sharing and learning. Good place to ask sensible questions like on GST. We faced this issue just this year for the first time as an upgrade was in danger of pushing our collection over the million dollar mark on total collections & into GST territory. We were not sure, so we listened to people with more experience & knowledge of the matter so we could find out the actual requirement as per law and figure out what could be done to minimise. Crazy idea right?
I hv nvr claimed to be experienced or pretend to be someone who holds lotsa ppty so I dun see the need for the malicious claims tat R33 is asserting abt me.
I feel tat there is nothing wrong to lack knowledge on certain issues. Wat is more impt is yr attitude when u dunno something.
Do u prefer not to ask in an attempt to hide yr ignorance & pretending tat u noe a lot? Or do u wan to clarify yr doubts & be perceived as a greenhorn and get attack by ppl such as R33?
Smart or not, wait till you answer my question then all forumers here will know!
Since you said other people newbie in property because this simple fact also don't know, so I ask you loh.................. :p
Don't tell me you also don't know?! :scared-5:
Stop beating around the bush can? Simple question also cannot answer? :doh:
If you need to ask that mean you are not very smart person.
Originally Posted by teddybear View Post
Ringo,
still waiting for your reply................... So simple question about maintenance fee need to pay GST or not you also can't answer?
Quote:
Originally Posted by Ringo33 View Post
I saw your post asking about GST for maintenance fee, so I thought this must be the first time you are buying private property.
Correct? When TOP?
Quote:
Originally Posted by Ringo33 View Post
Anyone who have been paying maintenance fee will not ask this kind of questions and if you own a TOP condo, you should also be paying your Q4 maintenance fee this month.
Like I say before, its perfectly fine if you just bought your 1st condo, there is nothing to be ashamed of, so please dont cook up all sort of ridicules stories to deny it.
You do sound like a person with very low self esteem. Do you need help?
Ringo,
So simple question you also can't answer?
You scared you answer wrongly is it? :doh:
Smart or not, wait till you answer my question then all forumers here will know!
Since you said other people newbie in property because this simple fact also don't know, so I ask you loh.................. :p
Don't tell me you also don't know?! :scared-5:
Stop beating around the bush can? Simple question also cannot answer? :doh:
Quote:
Originally Posted by Ringo33 View Post
If you need to ask that mean you are not very smart person.
Originally Posted by teddybear View Post
Ringo,
still waiting for your reply................... So simple question about maintenance fee need to pay GST or not you also can't answer?
Quote:
Originally Posted by Ringo33 View Post
I saw your post asking about GST for maintenance fee, so I thought this must be the first time you are buying private property.
Correct? When TOP?
Quote:
Originally Posted by Ringo33 View Post
Anyone who have been paying maintenance fee will not ask this kind of questions and if you own a TOP condo, you should also be paying your Q4 maintenance fee this month.
Like I say before, its perfectly fine if you just bought your 1st condo, there is nothing to be ashamed of, so please dont cook up all sort of ridicules stories to deny it.
You do sound like a person with very low self esteem. Do you need help?
it is precisely I heard of inconsistency in treatment tats y I wanna clarify my doubts. So wat if a person holds multiple ppty? He can be wrong for many yrs if he din even bother to find out wat is the proper rule in the 1st place!
I agree.
I hv nvr claimed to be experienced or pretend to be someone who holds lotsa ppty so I dun see the need for the malicious claims tat R33 is asserting abt me.
I feel tat there is nothing wrong to lack knowledge on certain issues. Wat is more impt is yr attitude when u dunno something.
Do u prefer not to ask in an attempt to hide yr ignorance & pretending tat u noe a lot? Or do u wan to clarify yr doubts & be perceived as a greenhorn and get attack by ppl such as R33?
I agree again. It's actually a hard thing for human being to admit they don't know something. You should watch nat geo series brain games.
Many people prefer to have imperfect answer than feeling of not knowing.
To me if I don't know, better to do some research or ask in forum where others may have experience.
As far as I can see he starts picking fights the moment a forumer disagrees with what his world view. Not sure why, nothing we say on here is going to have any effect on how the market in Singapore operates.
Worse it tends to be on matters of opinion rather than fact on which there is no absolute right or wrong answer.
Unless he says something outrageously false that could cause others to lose their shirts I just ignore him so I don't get dragged down to his level where he can beat me with his experience! :cheers1:
it is precisely I heard of inconsistency in treatment tats y I wanna clarify my doubts. So wat if a person holds multiple ppty? He can be wrong for many yrs if he din even bother to find out wat is the proper rule in the 1st place!
I hv nvr claimed to be experienced or pretend to be someone who holds lotsa ppty so I dun see the need for the malicious claims tat R33 is asserting abt me.
I feel tat there is nothing wrong to lack knowledge on certain issues. Wat is more impt is yr attitude when u dunno something.
Do u prefer not to ask in an attempt to hide yr ignorance & pretending tat u noe a lot? Or do u wan to clarify yr doubts & be perceived as a greenhorn and get attack by ppl such as R33?
If you are buying your first property just admit lah, what must be so long winded dramatic? You watching too many Taiwan drama? :)
Ringo,
So simple question you also can't answer?
You scared you answer wrongly is it? :doh:
You should tell me what you want to hear then i will tell you exactly that. Or else you will be going round in circle say I am lying and I need to prove to you and all the BS.
So tell me what you want me to say then I will say loh :)
Is JG my first property? What if I say no? :D
As far as I can see he starts picking fights the moment a forumer disagrees with what his world view. Not sure why, nothing we say on here is going to have any effect on how the market in Singapore operates.
Worse it tends to be on matters of opinion rather than fact on which there is no absolute right or wrong answer.
Unless he says something outrageously false that could cause others to lose their shirts I just ignore him so I don't get dragged down to his level where he can beat me with his experience! :cheers1:
well, he can cont'd to paint a beautiful picture of wat he believes in, nobody has a right to stop him.
at the end of the day, when the hard truth cannot match wif his lofty ambition he has for JLD is his business wat.
those potential investors who chose to believe him blindly only hv themselves to blame for not heeding our objective views.
This is very true, the only concern is supply. But having said that, if that somebody don't jam brake on the supply, then some CM might be lifted. This is to stabilize the market...and if no action taken, then he will be gone soon...;)
So, I think in all aspects, it should point toward a stabilize market and hence, there is no reason to wait. Risk is there but u have to manage it...:2cents:
I often referred by some forumers here as "a super bull". Maybe in a way I am. My advise is still the same. If you can afford it, just buy it. The conditions that create a property bull run hasn't change. Money is still depreciating, population is still increasing. Maybe the buying fatigue has set in, but the drive is still there.
For example you are a very typical of the demand. Got the money, but hesitate to invest. Trust me, there are plenty of people in similar situation like you.
well, he can cont'd to paint a beautiful picture of wat he believes in, nobody has a right to stop him.
at the end of the day, when the hard truth cannot match wif his lofty ambition he has for JLD is his business wat.
those potential investors who chose to believe him blindly only hv themselves to blame for not heeding our objective views.
After all the big talk about Sky Vue, Best Street or whatever about Bishan. Do you think Sky Vue will have better capital gain and rental potential than J Gateway?
did you ask the agent why then had he advertised 2.2m ?
care to disclose his name and company so we know who to avoid ?
I called the agent's number on the advertisement. he made the apt but shortly after another agent called me back to confirm viewing, then finally a 3rd agent smsed me to confirm again. This 3rd agent is the one who conducted the viewing. He just said he is only helping his colleague to show the unit. And he doesn't know the seller. But yes I agree. It helps to check the advertised price with agent before confirming the viewing.
1) Are you buying a smaller condo because you want to downsize or thats what you can afford?
2) Are you and your wife still working? If yes, then you could explore the possibility of selling your existing condo and then buy 2 units, one with your name and one with your wife's name and there should not be any concern for paying stamp duty for both properties because if you dont sell, your second property will still be subjected to ABSD.
Since you will have 2.2m cash from the sale I presume you should be able to use this money to work around the TDSR if assuming you dont have other major liability.
3) Yes, the market seems to be softening, especially for new launches. For resale market, it depends on district and size. Having said that, buying property should not always be about trying to catch the bottom or price. It should be about value and enjoyment. If you see something that you both really like at a decent price, then dont grap it because you are buying for own stay.
1) We wish to downsize to a smaller place as we are a small family of 3. 5yo son still doesn't quite like to pack his room and toys. House is tiring to maintain as we don't have a maid.
2) I did think of selling current place and buying 2 smaller apts. However, I doubt I can find another plc in the same location as currently. Even if can, the price will be very high. So I thought maybe I should just keep this current place and rent it out first since it can fetch a pretty decent rental to pay mortgage for my 2nd ppty with some excess cash to pocket. Also, buying would be easier than selling now, right? Yes I know I will need to pay absd, but I guess with a small quantum of 1.2m, it is not that painful.
Do you think the market is softening for resale too? I am looking to offer 8% lower than asking (for resale apt). Is this a good range to get a discount, or you think I can get more?
Sorry...didn't realize I was logged in as my husband's account.
statix = penguin {TS}
People are funny. Anyway, in 2009, prices dropped 32% but people still saying will continue to drop and never buy. Transactions hit an all time low of 100. Citibank also say likely to drop 45% although that didn't happen. So I will say if it drop 20%, all buyers will disappear overnight. Now no crisis, of course everyone waiting. When crisis come, some will lose their job, some will tighten their belt but most will be humji. Don't dare to enter market.
You are quite right! When I bought my unit in Jul 2009, I was very hesitating to buy and finally bought a < 1000 sqft unit. I wish I could have committed a bigger size unit then.
For me ABSD is not as bad as SSD... Tied down for 4 years is a torture...
If suddenly lose, job, then jialat:beats-me-man:
I know people who have lost their jobs, one year later still trying to find jobs...Job security is a thing of the past....We cannot fool ourselves that we will surely die die still have a job, anything can happen..:scared-1:
That's why I say ABSD still ok since you are paying for it NOW when you have money and a job. But if you buy now then lose your job next year, how can you hold on to your property?....If no SDD then at least can sell immediately....
Must think hard lei bros and sis...do your calculations carefully... :o
thomastansb
23-10-13, 22:28
That is why don't over commit lor. If you want to take the risk by over leveraging, then too bad.
For me ABSD is not as bad as SSD... Tied down for 4 years is a torture...
If suddenly lose, job, then jialat:beats-me-man:
I know people who have lost their jobs, one year later still trying to find jobs...Job security is a thing of the past....We cannot fool ourselves that we will surely die die still have a job, anything can happen..:scared-1:
That's why I say ABSD still ok since you are paying for it NOW when you have money and a job. But if you buy now then lose your job next year, how can you hold on to your property?....If no SDD then at least can sell immediately....
Must think hard lei bros and sis...do your calculations carefully... :o
proud owner
24-10-13, 00:33
For me ABSD is not as bad as SSD... Tied down for 4 years is a torture...
If suddenly lose, job, then jialat:beats-me-man:
I know people who have lost their jobs, one year later still trying to find jobs...Job security is a thing of the past....We cannot fool ourselves that we will surely die die still have a job, anything can happen..:scared-1:
That's why I say ABSD still ok since you are paying for it NOW when you have money and a job. But if you buy now then lose your job next year, how can you hold on to your property?....If no SDD then at least can sell immediately....
Must think hard lei bros and sis...do your calculations carefully... :o
I thought with the 2 IR's a lot of jobs were created ???
proud owner
24-10-13, 00:34
I called the agent's number on the advertisement. he made the apt but shortly after another agent called me back to confirm viewing, then finally a 3rd agent smsed me to confirm again. This 3rd agent is the one who conducted the viewing. He just said he is only helping his colleague to show the unit. And he doesn't know the seller. But yes I agree. It helps to check the advertised price with agent before confirming the viewing.
you shud call back the agent who advertised 2.2m and asked why ...
if the answer is not acceptable ... you can make an official complain to his company ...
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