View Full Version : Chart of the Day: Check out how much private homes will be completed by 2015
princess_morbucks
22-11-13, 09:14
http://sbr.com.sg/residential-property/news/chart-day-check-out-how-much-private-homes-will-be-completed-2015
Analysts fear it's too much.
According to Nomura, sentiments have turned more cautious and the market is rightly concerned about the projected surge in completions.
"About 9,000 units of non-landed private homes [excluding executive condos (EC)] were completed in 9M13 and we are projecting another 28,570 units to be completed by end-2014F, about 51% of which are located in the outside central region (OCR, a proxy for the mass-market segment)."
Nomura said that while a lot has already been said about the potential impact on the rental market, they believe the impact on the secondary market could also be significant, notwithstanding the introduction of sellers’ stamp duty (SSD) in February 2010.
http://sbr.com.sg/sites/default/files/news/housing.JPG
thomastansb
22-11-13, 09:27
Nice chart. CCR is going to suffer next year. Altez, Skysuites, 76 Shenton, Robinson suites.
http://sbr.com.sg/residential-property/news/chart-day-check-out-how-much-private-homes-will-be-completed-2015
Analysts fear it's too much.
According to Nomura, sentiments have turned more cautious and the market is rightly concerned about the projected surge in completions.
"About 9,000 units of non-landed private homes [excluding executive condos (EC)] were completed in 9M13 and we are projecting another 28,570 units to be completed by end-2014F, about 51% of which are located in the outside central region (OCR, a proxy for the mass-market segment)."
Nomura said that while a lot has already been said about the potential impact on the rental market, they believe the impact on the secondary market could also be significant, notwithstanding the introduction of sellers’ stamp duty (SSD) in February 2010.
http://sbr.com.sg/sites/default/files/news/housing.JPG
http://sbr.com.sg/residential-property/news/chart-day-check-out-how-much-private-homes-will-be-completed-2015
Analysts fear it's too much.
According to Nomura, sentiments have turned more cautious and the market is rightly concerned about the projected surge in completions.
"About 9,000 units of non-landed private homes [excluding executive condos (EC)] were completed in 9M13 and we are projecting another 28,570 units to be completed by end-2014F, about 51% of which are located in the outside central region (OCR, a proxy for the mass-market segment)."
Nomura said that while a lot has already been said about the potential impact on the rental market, they believe the impact on the secondary market could also be significant, notwithstanding the introduction of sellers’ stamp duty (SSD) in February 2010.
http://sbr.com.sg/sites/default/files/news/housing.JPG
the way I read this is CCR will raise coz over supply will be in OCR in 2015. RCR is flat. so good luck to OCR…. the tsunami is coming.
the way I read this is CCR will raise coz over supply will be in OCR in 2015. RCR is flat. so good luck to OCR…. the tsunami is coming.
yeah ...shd rental suffer, OCR will get the greatest hit since they form > 50% of the total supply in the next 1-2 yrs.
& the situation will be worse if CCR/RCR lowers their rental expectations to tat of OCRs.
yeah ...shd rental suffer, OCR will get the greatest hit since they form > 50% of the total supply in the next 1-2 yrs.
& the situation will be worse if CCR/RCR lowers their rental expectations to tat of OCRs.
hard to say. If majority of OCR home buyers are HDB upgraders or SPR being push out of HDB market, then it should not be a concern. IMO OCR property are more related to the price of HDB resale flat..
princess_morbucks
22-11-13, 10:46
Will OCR rental demand be more than supply.
That is the question we have to ask.
With many FTs coming to SG, especially those who bring their families along, developments near international schools will be in demand.
FTs who first come to SG will tend to prefer to stay in developments that their contemporaries reside.
OCR forms 50% of the numbers here ... good luck!
I believe CCR and RCR will hold up and drop will be much less significant as the gap with OCR is very small now.
hard to say. If majority of OCR home buyers are HDB upgraders or SPR being push out of HDB market, then it should not be a concern. IMO OCR property are more related to the price of HDB resale flat..
as long as one is buying for ownstay n nid not depends on rental for mthly repayment, a "crash" will not really hit u whether u hv bought a ccr/rcr or ocr.
I dun see y an owner adopting a long term approach shd be unduly concerned over a short term "book loss".
however, if one doesn't hv sufficient buffer & hv bought something expensive for investment purpose, he will hv to be wary liao lor ... esp if it is OCR ppty where it is oso under the pressure fm recession promotion by CCR.
OCR forms 50% of the numbers here ..
i think the proportion has always been the case because there are more people living in OCR than other region. And I also believe higher percentage of OCR property are also for own stay.
Nice chart. CCR is going to suffer next year. Altez, Skysuites, 76 Shenton, Robinson suites.
Do not understand, why only these specific condos which are located in happening areas and lots of potential in the surroundings?
Would think it will depend on the areas whether CCR or OCR, the overall supply nos are not so relevant when it comes to individual projects. Projects whether in CCR or OCR that have the usual X factors will continue to be relatively hot.
princess_morbucks
22-11-13, 11:14
I think the OCR condos near MRT and international schools will be safe.
There will always be a demand for these condos especially for the bigger units, 3 bedder will be in high demand with FT with families.
hmm ... I wonder wat proportion of those OCRs units r actually < 5 mins fm the mrt ...
Property now is a storage of wealth. People rather see their money in property than bank cash deposit. So I my opinion, because there are so many properties around, doesn't mean there is an oversupply. As along as sg economy is growing, the demand for property is still growing. For example, how many of us still dream of owning 10 or 15 properties.
hmm ... I wonder wat proportion of those OCRs units r actually < 5 mins fm the mrt ...
I think what is more important is how many new MRT stations will be located in OCR because property around existing MRT station has already priced in that MRT factor, so if there is any correction, it will still get affected.
On the other hand if there is a new mrt station being build in a new site, then property around those could possible rise even during downturn.
The other thing to consider is the huge supply also in HDB completions which are also mainly OCR, so the OCR will get a double whammy , a lot of this ocr supply are shoebox units in huge numbers which is a totally untested market , I think all the stuff in the ccr will fill up at lower rents , there will be a load of 1 bed and studios in the ocr which will lie empty, unable to get any tenants and this is the stuff that has been sold at crazy psf prices due to low quantum ......
The other thing to consider is the huge supply also in HDB completions which are also mainly OCR, so the OCR will get a double whammy , a lot of this ocr supply are shoebox units in huge numbers which is a totally untested market , I think all the stuff in the ccr will fill up at lower rents , there will be a load of 1 bed and studios in the ocr which will lie empty, unable to get any tenants and this is the stuff that has been sold at crazy psf prices due to low quantum ......
BTO flats are buld to order, meaning there are already committed buyers (first timer mostly) buying for own stay and they are for rent or for sale during the 5 years MOP.
It wont be a concern
The other thing to consider is the huge supply also in HDB completions which are also mainly OCR, so the OCR will get a double whammy
the profile of HDB tenants is totally a diff league fm mm tenants. but it will be interesting to see how many of these 3 rm hdb tenants will be tempted rent mm condo if pricing become similar when there is a supply overdose in the next 1-2 yrs.
a lot of this ocr supply are shoebox units in huge numbers which is a totally untested market , I think all the stuff in the ccr will fill up at lower rents , there will be a load of 1 bed and studios in the ocr which will lie empty, unable to get any tenants and this is the stuff that has been sold at crazy psf prices due to low quantum ......
take for example.
say currently, CCR tenanting at $3.5k/mth, rcr $2.8k/mth, ocr $2.1k/mth & 3 rm hdb $1.9k/mth.
when these new launches top, there might not be enuff tenants for all the supply. & ppl will start to laylong ...
if ccr willing to accept $3k/mth, no one will rent rcr at 2.8k, so rcr oso hv to laylong. if rcr accept $2.2k/mth, ocr will oso hv to laylong ...
so now the qn is, will ocr mm become cheaper den 3rm hdb bo?
BTO flats are buld to order, meaning there are already committed buyers (first timer mostly) buying for own stay and they are for rent or for sale during the 5 years MOP.
It wont be a concern
EC top is more detrimental den BTO cos the proportion of resale hdb out in the mkt will be a lot more.
thomastansb
22-11-13, 12:13
That is in the past. Nowadays, a lot more people buy OCR for investment because of its lower price and better than expected rental. Those OCR with MRT studio is fetching rental of 3.2 to 3.5k. My Clift is only doing a 4k. Somemore, my Clift is bigger than the OCR studio. So don't be surprised if OCR get hit as badly as CCR when crisis comes.
i think the proportion has always been the case because there are more people living in OCR than other region. And I also believe higher percentage of OCR property are also for own stay.
thomastansb
22-11-13, 12:17
I have read reports saying that OCR with MRT vs RCR with MRT vs CCR with MRT is very close in rental. It is more like CCR 4k, RCR 3.7k, OCR 3.4k.
But those OCR without MRT, of course suffer la. Maybe 2.2k a month.
the profile of HDB tenants is totally a diff league fm mm tenants. but it will be interesting to see how many of these 3 rm hdb tenants will be tempted rent mm condo if pricing become similar when there is a supply overdose in the next 1-2 yrs.
take for example.
say currently, CCR tenanting at $3.5k/mth, rcr $2.8k/mth, ocr $2.1k/mth & 3 rm hdb $1.9k/mth.
when these new launches top, there might not be enuff tenants for all the supply. & ppl will start to laylong ...
if ccr willing to accept $3k/mth, no one will rent rcr at 2.8k, so rcr oso hv to laylong. if rcr accept $2.2k/mth, ocr will oso hv to laylong ...
so now the qn is, will ocr mm become cheaper den 3rm hdb bo?
I have read reports saying that OCR with MRT vs RCR with MRT vs CCR with MRT is very close in rental. It is more like CCR 4k, RCR 3.7k, OCR 3.4k.
But those OCR without MRT, of course suffer la. Maybe 2.2k a month.
r u refering to mm when u quoted ccr 4k, rcr 3.7k & ocr 3.4k?
cos seems like they r not while the 2.2k is a typical mm rate in some ocr.
In term of units/km in OCR vs CCR, OCR is still far from CCR.
With so many MRT stations coming up, within 400m radius range from station could consider as prime location.
So wat is the ratio of Sg vs PR vs FT in future will determine the market trends. Lesser landlord vs more tenant or the other way round.
thomastansb
22-11-13, 13:55
I got this from URA for Optima. At Tanah Merah. I just took the last 6 months rental.
OPTIMA @ TANAH MERAH TANAH MERAH KECHIL AVENUE 16 Non-landed Properties 1 3,500 400 to 500 Sep-13
OPTIMA @ TANAH MERAH TANAH MERAH KECHIL AVENUE 16 Non-landed Properties 1 3,250 400 to 500 Jun-13
OPTIMA @ TANAH MERAH TANAH MERAH KECHIL AVENUE 16 Non-landed Properties 1 3,500 400 to 500 Jul-13
OPTIMA @ TANAH MERAH TANAH MERAH KECHIL AVENUE 16 Non-landed Properties 1 3,050 400 to 500 Oct-13
OPTIMA @ TANAH MERAH TANAH MERAH KECHIL AVENUE 16 Non-landed Properties 1 3,000 400 to 500 Jul-13
OPTIMA @ TANAH MERAH TANAH MERAH KECHIL AVENUE 16 Non-landed Properties 1 3,100 400 to 500 Oct-13
r u refering to mm when u quoted ccr 4k, rcr 3.7k & ocr 3.4k?
cos seems like they r not while the 2.2k is a typical mm rate in some ocr.
I got this from URA for Optima. At Tanah Merah. I just took the last 6 months rental.
wah! I nvr noe optima is fetching such high rental! shd hv got urban vista instead :banghead:
but these > $3k for OCR mm is not a lot rite? many near mrt ocr r still in the range of ard 2.5k ...
with MM asking this kind of price no wonder hdb rental so high:cheers1:
Proplive123
22-11-13, 19:56
Nowday is very different from the past. Young couple with condo living aspiration doesn't care much about location. As long as they manage to get their first condo within right budget.
Even HDB upgrader or pending MOP already forming big pool of OCR buyers.
thomastansb
22-11-13, 23:14
As long as got MRT, average can hit 3k for OCR. RCR is around 3.5 to 3.8k. CCR easily 4k. I am referring to studio.
But a CCR studio 2x of OCR studio but the rental is only slightly higher. So which one make more investment sense?
wah! I nvr noe optima is fetching such high rental! shd hv got urban vista instead :banghead:
but these > $3k for OCR mm is not a lot rite? many near mrt ocr r still in the range of ard 2.5k ...
As long as got MRT, average can hit 3k for OCR. RCR is around 3.5 to 3.8k. CCR easily 4k. I am referring to studio.
But a CCR studio 2x of OCR studio but the rental is only slightly higher. So which one make more investment sense?
u reminded me of a comment someone made at duo thread.
3 units of inflora mm (rental 3 x $2k) cost the same as 1 unit of one bedder at duo (rental lower den $6k, mayb 4.5k?).
if u hv 1.35mil to invest, which will u choose for both capital appreciation n rental yield?
do u tink quantum > location?
Key question is : "Which one can rent out easier?"
u reminded me of a comment someone made at duo thread.
3 units of inflora mm (rental 3 x $2k) cost the same as 1 unit of one bedder at duo (rental lower den $6k, mayb 4.5k?).
if u hv 1.35mil to invest, which will u choose for both capital appreciation n rental yield?
do u tink quantum > location?
Key question is : "Which one can rent out easier?"
Of course inflora. There are more people on a shoe string budget than high rollers.
u reminded me of a comment someone made at duo thread.
3 units of inflora mm (rental 3 x $2k) cost the same as 1 unit of one bedder at duo (rental lower den $6k, mayb 4.5k?).
if u hv 1.35mil to invest, which will u choose for both capital appreciation n rental yield?
do u tink quantum > location?
Lol, this also has to do with the feel good factor.
Many will still choose the better location Duo vs 3 units at inflora.
I am one of those investor who still keeps buying only central region property even if I know the yield is not as good as some OCR.
Haha. This is a human mental problem. Wana feel good look good seen good.
Of course inflora. There are more people on a shoe string budget than high rollers.
r u sure?
dun forget u got 3 units to rent out wor! :p
Lol, this also has to do with the feel good factor.
Many will still choose the better location Duo vs 3 units at inflora.
I am one of those investor who still keeps buying only central region property even if I know the yield is not as good as some OCR.
Haha. This is a human mental problem. Wana feel good look good seen good.
capital appreciation in ccr oso not as gd as ocr.
isnt making investment decision based on feel gd factor costly?
Key question is : "Which one can rent out easier?"
I suppose each will hv its own pool of tenants.
another qn to be considered as well. which one can better stand the test of time during economic downturn?
y ppl always say in times of crisis, ocr will suffer the most?
ocr means less holding power?
I suppose each will hv its own pool of tenants.
another qn to be considered as well. which one can better stand the test of time during economic downturn?
y ppl always say in times of crisis, ocr will suffer the most?
ocr means less holding power?
Because people always refer to the past....
What they fail to see is the future is diff....
Look at Nokia, blackberry, htc, etc...
Look at Microsoft today...
Look at type writers....
In the past, expats mainly are MNC md's (managing directors)... This people will rent orchard(CCR).... The profile would be family with a few kids....
Today, MNCs bring in managers and so they shift to rcr and OCR... They come single as well...
Then there are the ang mo who come here working local term and some stay in hdb....
Some people still stick to the past....
Marina South will overtake Orchard.... HAHAHAHAHAHA but some still say no way.... :doh:
Many also fail to hear govt clue - decentralization....
Live, work, play.... HAHAHAHAHAHA
u hv raised more qns in my head:
so hv MDs stop coming to spore?
when ccr $ drop to a point whereby it is oni slightly higher eg 10% den ocr, ocr can still maintain its prices?
wif decentralisation, a bad location will become gd?
govt wanna everyone to live, work n play in the same loc means everyone will guai guai follow?
Because people always refer to the past....
What they fail to see is the future is diff....
Look at Nokia, blackberry, htc, etc...
Look at Microsoft today...
Look at type writers....
In the past, expats mainly are MNC md's (managing directors)... This people will rent orchard(CCR).... The profile would be family with a few kids....
Today, MNCs bring in managers and so they shift to rcr and OCR... They come single as well...
Then there are the ang mo who come here working local term and some stay in hdb....
Some people still stick to the past....
Marina South will overtake Orchard.... HAHAHAHAHAHA but some still say no way.... :doh:
Many also fail to hear govt clue - decentralization....
Live, work, play.... HAHAHAHAHAHA
New coys still hire high end expats... But I ask u a few questions...
In the early years, who were the md's of IBM, HP, DBS, etc...
Today, more local MDs???? Of course with new setups, the MNCs will initially place their own people but ultimately replaced with locals....
Btw, where is CCR u referring to????
The old 9,10,11 or the new marina south.... HAHAHAHAHAHA
Look at masterplan and it will give u a clue on where the money is spent and on which area.... By the way, what plans does the masterplan have on 9,10,11???? Of course u gonna tell me about holland.... Hahahah
Lastly, on commuting. Why people want to live near mrt??? What if they can live near their work place??? D u believe, if u don't, then don't buy OCR lor.... Stick to rcr lor... No body forcing u to believe the govt and whatever govt say will be rite... The choice is always yours... Hahahahh
u hv raised more qns in my head:
so hv MDs stop coming to spore?
when ccr $ drop to a point whereby it is oni slightly higher eg 10% den ocr, ocr can still maintain its prices?
wif decentralisation, a bad location will become gd?
govt wanna everyone to live, work n play in the same loc means everyone will guai guai follow?
New coys still hire high end expats... But I ask u a few questions...
In the early years, who were the md's of IBM, HP, DBS, etc...
Today, more local MDs???? Of course with new setups, the MNCs will initially place their own people but ultimately replaced with locals....
Btw, where is CCR u referring to????
The old 9,10,11 or the new marina south.... HAHAHAHAHAHA
Look at masterplan and it will give u a clue on where the money is spent and on which area.... By the way, what plans does the masterplan have on 9,10,11????
Im referring to d9-11 la :p
wat Im concerned wif is capital appreciation n gd rental yield.
how shd the selection criteria be?
masterplan development > quantum > location?
so hv MDs stop coming to spore?
Company structure is less hierarchical now. Its more performance based pay.
when ccr $ drop to a point whereby it is oni slightly higher eg 10% den ocr, ocr can still maintain its prices?
Yes, some ocr will actually become a new ccr. So its possible that the current ccr becoming a new ocr.
wif decentralisation, a bad location will become gd?
No. The new ccr geography are clusters (for example, jurong cluster, paya lebar cluster), rather than the current centralised shape. So, a bad location is not automatically become good.
govt wanna everyone to live, work n play in the same loc means everyone will guai guai follow?
I will guai guai follow, because it means that is where the gov will pour money into infrastructures
Im referring to d9-11 la :p
wat Im concerned wif is capital appreciation n gd rental yield.
how shd the selection criteria be?
masterplan development > quantum > location?
Sometimes we want both - capital gain plus gd rental yield...
Just like biz wants high selling price with good marketshare... How to??? If u are apple in early days and no rivals... Today, apple loss marketshare Liao....
So u need to decide what is important.... If got choice, everyone also want capital gain with gd returns.... Those days are over.... Can u imagine if properties double in 5 years.... Can u imagine OCR @ 2 mil:doh::doh::doh:
U think govt will allow???.
Brudder indomie....
Many don't understand the govt pump money into infra and that is where the money is.... They are living in the past.... HAHAHAHAHAHA.... Also lucky lar... If not, damn siong, have to fight with so many.... Hahahahahaha
so hv MDs stop coming to spore?
Company structure is less hierarchical now. Its more performance based pay.
when ccr $ drop to a point whereby it is oni slightly higher eg 10% den ocr, ocr can still maintain its prices?
Yes, some ocr will actually become a new ccr. So its possible that the current ccr becoming a new ocr.
wif decentralisation, a bad location will become gd?
No. The new ccr geography are clusters (for example, jurong cluster, paya lebar cluster), rather than the current centralised shape. So, a bad location is not automatically become good.
govt wanna everyone to live, work n play in the same loc means everyone will guai guai follow?
I will guai guai follow, because it means that is where the gov will pour money into infrastructures
bro chestnut, i feel tat it is impt to live near mrt in sg, regardless of whether u use it onot.
I will not buy anything tat is far fm mrt, even if it is ccr.
but the qn is, is ocr safe?
eg govt wanna develop airport as well. so it is gd to invest in pasir ris/tampines/flora dr?
so hv MDs stop coming to spore?
Company structure is less hierarchical now. Its more performance based pay.
when ccr $ drop to a point whereby it is oni slightly higher eg 10% den ocr, ocr can still maintain its prices?
Yes, some ocr will actually become a new ccr. So its possible that the current ccr becoming a new ocr.
wif decentralisation, a bad location will become gd?
No. The new ccr geography are clusters (for example, jurong cluster, paya lebar cluster), rather than the current centralised shape. So, a bad location is not automatically become good.
govt wanna everyone to live, work n play in the same loc means everyone will guai guai follow?
I will guai guai follow, because it means that is where the gov will pour money into infrastructures
so u r trying to say if a ccr receive no new development, it is liken to being cast in cold palace liao?! no future?!
Brudder indomie....
Many don't understand the govt pump money into infra and that is where the money is.... They are living in the past.... HAHAHAHAHAHA.... Also lucky lar... If not, damn siong, have to fight with so many.... Hahahahahaha
Brother chestnut
follow the money :ashamed1:
or in other word "follow the CK" (chng Kay) :D:cheers1:
so u r trying to say if a ccr receive no new development, it is liken to being cast in cold palace liao?! no future?!
If u renovate your home, will u expect prices to go up???
So for jurong, did prices go up more than the rest??? Is the development of the area over????
Look at changi biz park and what it did to that area???
Look at Pasir Ris and compare Livia with the rest of the other areas????
bro chestnut, i feel tat it is impt to live near mrt in sg, regardless of whether u use it onot.
I will not buy anything tat is far fm mrt, even if it is ccr.
but the qn is, is ocr safe?
eg govt wanna develop airport as well. so it is gd to invest in pasir ris/tampines/flora dr?
http://www.lta.gov.sg/content/dam/ltaweb/corp/PublicationsResearch/files/ReportNewsletter/Connect/LTA_Connect_Oct_2013.pdf
Brother chestnut
follow the money :ashamed1:
or in other word "follow the CK" (chng Kay) :D:cheers1:
Yes..... The only thing preventing the rise is all the CMs....
Hahahaha
Since interest rate so low.... With rental, u still make money leh... Hahahahaha
Yes..... The only thing preventing the rise is all the CMs....
Hahahaha
Since interest rate so low.... With rental, u still make money leh... Hahahahaha
Brother
my JB properties are bleeding lei
still looking for buyer :doh::doh:
If u renovate your home, will u expect prices to go up???
So for jurong, did prices go up more than the rest??? Is the development of the area over????
Look at changi biz park and what it did to that area???
Look at Pasir Ris and compare Livia with the rest of the other areas????
for a potential buyer, the qn is not whether did $ for jurong went up. rather, the more impt qn is, how much more can it go?
like u r always confident tat JLD will huat. my qn is how come u r not vested in JG?
livia's result can be misleading due to lact of direct nearby competition. wait till all the 5 plots has top den u tell me can livia sustain the yield :tongue3:
Brother
my JB properties are bleeding lei
still looking for buyer :doh::doh:
worse come to worse u retire in jb lor ...
or u provide weekend staycation to singaporean lor ...
Sometimes we want both - capital gain plus gd rental yield...
Just like biz wants high selling price with good marketshare... How to??? If u are apple in early days and no rivals... Today, apple loss marketshare Liao....
So u need to decide what is important.... If got choice, everyone also want capital gain with gd returns.... Those days are over.... Can u imagine if properties double in 5 years.... Can u imagine OCR @ 2 mil:doh::doh::doh:
U think govt will allow???.
so now I give u 0.5mil where will u invest? give me 3 choices, haha : D
so now I give u 0.5mil where will u invest? give me 3 choices, haha : D
WAH SO GENEROUS!!! GIVE ME LEH..
:D
Invest in other things. Not enough for property investment with all the Restrictions. :D
so now I give u 0.5mil where will u invest? give me 3 choices, haha : D
WAH SO GENEROUS!!! GIVE ME LEH..
:D
hmmm ... my palace now happen to 缺 one 公公 :tongue3:
Invest in other things. Not enough for property investment with all the Restrictions. :D
勉强 can lar, mm lor :D
tat day one bro reccomend me funds wif gd returns but i find it risky leh.
so now I give u 0.5mil where will u invest? give me 3 choices, haha : D
0.5m can only get you one choice
Brother
my JB properties are bleeding lei
still looking for buyer :doh::doh:
oh when did you buy and how long have you been marketing them for?
oh when did you buy and how long have you been marketing them for?
1 in 2007 and 2 in 2011 :banghead::banghead:
2007 unit in the market for a year
2011 units not selling
How is property gains tax in M’sia calculated?
http://www.freemalaysiatoday.com/category/leisure/2013/09/20/how-is-property-gains-tax-in-msia-calculated/
1 in 2007 and 2 in 2011 :banghead::banghead:
2007 unit in the market for a year
2011 units not selling
Now is not gd time. Why not wait till rts is up
Now is not gd time. Why not wait till rts is up
Hi
Reducing exposure
Many don't understand the govt pump money into infra and that is where the money is.... They are living in the past.... HAHAHAHAHAHA.... Also lucky lar... If not, damn siong, have to fight with so many.... Hahahahahaha
Hmm gov used to promote punggol 21 also, what ever happened to it now ?
When LHL 1st took office, his 1st grand plan was obviously MBFC area, the new downtown. We have not even reached there.
I do not believe when gov says do this and do that, it will simply happen. Look at today's political climate and economic reality , it will be a miracle for SG to still stay in the game. The only area I see SG is capable of and hopefully can achieve, is to become the London of the east.
For this reason, I buy one DUO instead of 3 inflora.
http://en.wikipedia.org/wiki/Punggol_New_Town
http://www.ura.gov.sg/pr/text/pr96-58.html
http://www.ura.gov.sg/pr/text/pr96-75.html
What happened in 1997??? ASIAN CRISIS....
What happened to propety prices????
Which district demonstrated price increase???
Everything went down.....
So in 2008 at leman bros, same... All props went down....
So when major event happens, everything drops....
What is important is you need to have your own strategy and move according to your own.... Better to trust yourself and answer to your own judgement/decision than others... Hhahahahah
If u think we will be London of the east... U should look at marina south.... Thats where the action is...
Hmm gov used to promote punggol 21 also, what ever happened to it now ?
When LHL 1st took office, his 1st grand plan was obviously MBFC area, the new downtown. We have not even reached there.
I do not believe when gov says do this and do that, it will simply happen. Look at today's political climate and economic reality , it will be a miracle for SG to still stay in the game. The only area I see SG is capable of and hopefully can achieve, is to become the London of the east.
For this reason, I buy one DUO instead of 3 inflora.
Sg still have a long way to go, trying very hard to attract HNWI to stay here with competition coming from other major city around the world.
Building a better living in OCR is as important as a great downtown plans.
1 in 2007 and 2 in 2011 :banghead::banghead:
2007 unit in the market for a year
2011 units not selling
wah one year quite long. You put your price quite high is it. Were there many viewings?
Hmm gov used to promote punggol 21 also, what ever happened to it now ?
When LHL 1st took office, his 1st grand plan was obviously MBFC area, the new downtown. We have not even reached there.
I do not believe when gov says do this and do that, it will simply happen. Look at today's political climate and economic reality , it will be a miracle for SG to still stay in the game. The only area I see SG is capable of and hopefully can achieve, is to become the London of the east.
For this reason, I buy one DUO instead of 3 inflora.
since u hv no confident in govt commitment, wat makes u hv so much confident in duo?
since u hv no confident in govt commitment, wat makes u hv so much confident in duo?
Good question. I don't have confidence in all the mega plans SG has, but I have confidence in SOME plans it has. I believe some of the plans are for show ( e.g. Punggol 21), some are for real and doable. And some others are just "self wishes".
To chestnut, I have my reservations abt marina south.
Print more money and the currency get stronger.
Stocks rise as worries on Fed taper cool, dollar gains
http://www.reuters.com/article/2013/11/22/us-markets-global-idUSBRE96S00E20131122
You should know why is she smiling cheek to cheek.
http://static.guim.co.uk/sys-images/Guardian/Pix/pictures/2013/11/21/1385049850452/68a412c1-b174-4013-b5fd-5cfdde6c6934-460x276.jpeg
Good question. I don't have confidence in all the mega plans SG has, but I have confidence in SOME plans it has. I believe some of the plans are for show ( e.g. Punggol 21), some are for real and doable. And some others are just "self wishes".
To chestnut, I have my reservations abt marina south.
Ok.... It is important to have a view... The worst is to have no view... Then there will be no action...
I already have enough of props.... I am in to other areas of investment... :cheers5::cheers5:
Good to have investment properties at different growth areas some years ago. Just wait for price to appreciate while collecting passive income. Your southern coast investment will fluorish if it is not in our lifetime, our kids will reap them.
Ok.... It is important to have a view... The worst is to have no view... Then there will be no action...
I already have enough of props.... I am in to other areas of investment... :cheers5::cheers5:
Good to have investment properties at different growth areas some years ago. Just wait for price to appreciate while collecting passive income. Your southern coast investment will fluorish if it is not in our lifetime, our kids will reap them.
Bro, the rich poor divide has widen a lot since the crisis and will continue to do so....
It is totally unbelievable.....:doh::doh: the access to cheap money is unbelievable....:doh::doh:
proud owner
24-11-13, 19:34
Ok.... It is important to have a view... The worst is to have no view... Then there will be no action...
I already have enough of props.... I am in to other areas of investment... :cheers5::cheers5:
like Alternative investment ?
Bro, the rich poor divide has widen a lot since the crisis and will continue to do so....
It is totally unbelievable.....:doh::doh: the access to cheap money is unbelievable....:doh::doh:
Now Sydney also attracting prc $
like Alternative investment ?
Yup....:cheers1:
Now Sydney also attracting prc $
The PRCs are everywhere
proud owner
24-11-13, 20:28
Yup....:cheers1:
me too ...
its just strange that many still skeptical about it ...
me too ...
its just strange that many still skeptical about it ...
cos we dunno the risk, tat made us scared.
like Alternative investment ?
Like what?
The PRCs are everywhere
PRCs are really amazing. I have a SG friend renting a condo unit from a PRC landlord in SG. Times have changed.
PRCs are really amazing. I have a SG friend renting a condo unit from a PRC landlord in SG. Times have changed.
been watching news on youtube on property launches in global cities. same story. prc are just snapping. its cheap. period.
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