View Full Version : When is the right time?
Thermofisher
14-09-14, 14:01
Good time to get a condo now? Wat do you think?
Dont buy dont buy, wait for another 10 years. Just wait, in the mean time rent apartment can already
Good time to get a condo now? Wat do you think?
Question too General, can give more detail.
1. Age.
2. Monthly income.
3. How many cherry taken(HDB).
4. Cash
5. Parent support.
6. Condo for rental income or Capital gain.
etc
https://www.youtube.com/watch?v=Wrx-MtRz4Q4
Thermofisher
14-09-14, 14:48
Question too General, can give more detail.
1. Age.
2. Monthly income.
3. How many cherry taken(HDB).
4. Cash
5. Parent support.
6. Condo for rental income or Capital gain.
etc
Bro. This is mine:
1. 38+
2. 6000+
3. No cherry taken yet, got a private apartment...now still svcing loan, outstanding loan @ 480k
4. Cash around 200k
5. Support parents every mth 1k
6. Anything...just to invest for long horizon
Bro. This is mine:
1. 38+
2. 6000+
3. No cherry taken yet, got a private apartment...now still svcing loan, outstanding loan @ 480k
4. Cash around 200k
5. Support parents every mth 1k
6. Anything...just to invest for long horizon
1. Private apartment any capital appreciation
e.g. my 2 Bedroom brought SGD 535,000 in Jun 2006, UOB valuation in Oct 2010 SGD 1,550,000.
2. Other than cash any CPF can use.
3. Property now is long term, call force saving and use other people money to help to pay down the mortgage.
Thermofisher
14-09-14, 15:01
1. Private apartment any capital appreciation
e.g. my 2 Bedroom brought SGD 535,000 in Jun 2006, UOB valuation in Oct 2010 SGD 1,550,000.
2. Other than cash any CPF can use.
3. Property now is long term, call force saving and use other people money to help to pay down the mortgage.
So? what do you mean?!
So? what do you mean?!
Cashout.
http://en.wikipedia.org/wiki/Cash_out_refinancing
This is highly risky but I like it....:-) make it, or break it. If u have a family, don't do it la, but if u are single, can consider...
Cashout.
http://en.wikipedia.org/wiki/Cash_out_refinancing
Thermofisher
14-09-14, 15:13
Cashout.
http://en.wikipedia.org/wiki/Cash_out_refinancing
Are you sure I could do a cashout so easily? Minus all charges etc how much do I left practically?
Are you sure I could do a cashout so easily? Minus all charges etc how much do I left practically?
You never do, you never know.
How can a guy with a monthly salary of SGD 2000 + have 2 Private property and a 5 room HDB and stay in a Landed property in France.
Ah Kong job is to make you work till 65, your job is to retire as young as possible and see the world.
Thermofisher
14-09-14, 15:16
You never do, you never know.
Thanks. Will do that tomorrow the first thing I reach office!
https://www.youtube.com/watch?v=eibd1HV08RM
https://www.youtube.com/watch?v=BcsDuQfTBI4
https://www.youtube.com/watch?v=C4ZPcb_g0ZY
Bro. This is mine:
1. 38+
2. 6000+
3. No cherry taken yet, got a private apartment...now still svcing loan, outstanding loan @ 480k
4. Cash around 200k
5. Support parents every mth 1k
6. Anything...just to invest for long horizon
imo now not the right part of the cycle to buy. 200k as buffer is fine, but to plonk it into another pty is probably not adequate. :frog:
You never do, you never know.
How can a guy with a monthly salary of SGD 2000 + have 2 Private property and a 5 room HDB and stay in a Landed property in France.
Ah Kong job is to make you work till 65, your job is to retire as young as possible and see the world.
Really? Wonder how did you manage to do that. Did you live on a shoestring budget to get enough savings to buy your 1st 2nd property many years ago? Or do you mean you had a high income but now that you have enough money so you have taken up a lesser paying job which is of interest to you?
Other then many petty arguments that keep recurring in many of the forum threads here, it makes me guilty to realize that many forumners have multiple properties with a lower income than me (if what they have declared is indeed true). Guilty cuz it would prob mean I could have done the same for myself if I had been more prudent in my spending on other stuffs :p
Rest in peace Dennis. Anyway TDSR is here to stay and it is the final nail to the property coffin.
https://www.youtube.com/watch?v=BcsDuQfTBI4
Patrickstar
14-09-14, 16:48
Typical agent talk and i think he is more interested in getting people to join his workshop. Did he actually drop a hint on waterfront @ faber? hmmmm....
Question too General, can give more detail.
1. Age.
2. Monthly income.
3. How many cherry taken(HDB).
4. Cash
5. Parent support.
6. Condo for rental income or Capital gain.
etc
https://www.youtube.com/watch?v=Wrx-MtRz4Q4
Good time to get a condo now? Wat do you think?
The right time to get a condo is when you have the money. A good time to buy a condo is when no one is buying.
Really? Wonder how did you manage to do that. Did you live on a shoestring budget to get enough savings to buy your 1st 2nd property many years ago? Or do you mean you had a high income but now that you have enough money so you have taken up a lesser paying job which is of interest to you?
Other then many petty arguments that keep recurring in many of the forum threads here, it makes me guilty to realize that many forumners have multiple properties with a lower income than me (if what they have declared is indeed true). Guilty cuz it would prob mean I could have done the same for myself if I had been more prudent in my spending on other stuffs :p
One step at a time.
Starting pay in 1984 SGD 400, 1988 SGD 1,600, 2006 4,000+, 2007 2,000 +
1988 - 4 room HDB. sold (+ SGD 180,000)
1995 - 5 room HDB, (SGD 250,000) 3 room HDB (SGD 65,000).
2006 - 2 Bedroom Southbank (SGD 535,000)
2011 - 3 Bedroom PH (SGD 1,305,800)
challenger
14-09-14, 18:57
The right time to get a condo is when you have the money. A good time to buy a condo is when no one is buying.
You don't know how low the price will fall. I think a good time to buy is when you see the property price trending up, when people start having interest again.
If you have money, not necessary go for condo. go for landed for capital appreciation. go for condo if you want rental yield. very different. I doubt you have seen some bought landed and just leave it vacant! you can say that they are silly, but they don't need the rental income.
and when is a good time? when u have money now till 1H 2015 is a good time.
Look at the economy, it is growing, but look at property price, it is in reverse direction. This happen because of policy, which can be altered anytime. If price drop because of external factors or financial crisis, then u should worry.
Therefore, if you don't buy during this period, if economy is still doing well next year beyond (especially everyone expect US and Europe economy to look up), then you have no chance...what do you think when everyone say interest rate should go up by end 2015? very obvious reason. Both US and Europe should do well barring any unforeseen circumstances...
why do you think those cooling measures are still there? what will happen if some are removed? I think you got the answer. don't buy now then when buy??
just my opinion, cheers...:)
The right time to get a condo is when you have the money. A good time to buy a condo is when no one is buying.
One step at a time.
Starting pay in 1984 SGD 400, 1988 SGD 1,600, 2006 4,000+, 2007 2,000 +
1988 - 4 room HDB. sold (+ SGD 180,000)
1995 - 5 room HDB, (SGD 250,000) 3 room HDB (SGD 65,000).
2006 - 2 Bedroom Southbank (SGD 535,000)
2011 - 3 Bedroom PH (SGD 1,305,800)
Do u mean you still have ur 5 room and 3 room HDB? How can one own 2 HDB at one time?
You don't know how low the price will fall. I think a good time to buy is when you see the property price trending up, when people start having interest again.
Buying property is not like buying stock. the moment there is light at the end of the tunnel market sentiment change, prices will rise very quickly, desperate seller will suddenly become less desperate, and those good units will be withdrawn from the market because the table has turn.
IF you want to buy property, this is a good time to buy because there are very few buyer fighting for the same unit. When situation turn, rest assure that you will not be the one only buyer jumping in.
As the saying goes, dont time the market and dont expect to catch the bottom nor the peak because no one can.
Do u mean you still have ur 5 room and 3 room HDB? How can one own 2 HDB at one time?
If your parent or parent in law is renting HDB what will you do?
Trying to get another 3 room for my parent, they sold their 3 room to my youngest brother. Then I will have one 5 room HDB and Two 3 room HDB.
https://www.youtube.com/watch?v=mvv92MPUUC8
If you have money, not necessary go for condo. go for landed for capital appreciation. go for condo if you want rental yield. very different. I doubt you have seen some bought landed and just leave it vacant! you can say that they are silly, but they don't need the rental income.
and when is a good time? when u have money now till 1H 2015 is a good time.
Look at the economy, it is growing, but look at property price, it is in reverse direction. This happen because of policy, which can be altered anytime. If price drop because of external factors or financial crisis, then u should worry.
Therefore, if you don't buy during this period, if economy is still doing well next year beyond (especially everyone expect US and Europe economy to look up), then you have no chance...what do you think when everyone say interest rate should go up by end 2015? very obvious reason. Both US and Europe should do well barring any unforeseen circumstances...
why do you think those cooling measures are still there? what will happen if some are removed? I think you got the answer. don't buy now then when buy??
just my opinion, cheers...:)
I am not sure why you making so much noise. The thread starter is asking when is a good time to buy CONDO, and you are here talking about landed is better than condo?
this is personal opinion....noise only to u who don't like to hear what is not similar to yours...learn to accept others' perception. :)
I am not sure why you making so much noise. The thread starter is asking when is a good time to buy CONDO, and you are here talking about landed is better than condo?
You don't know how low the price will fall. I think a good time to buy is when you see the property price trending up, when people start having interest again.
I think I know how low price going to fall.
Price for my 2 Bedroom at Southbank should fall to SGD 535,000.
Price for my Terrasse should fall to SGD 1,305800.
Price for my 5 room HDB should be SGD 250,000.
When you know how the Bank create money from 1984 to 2014, you should also know how low price going to fall.
http://www.tradingeconomics.com/singapore/money-supply-m3
http://static.streetsine.s3.amazonaws.com/CoolingMeasure/Non-landed%20Overall%20Sales.jpg
https://www.youtube.com/watch?v=UiEAUekvJZA
You don't know how low the price will fall. I think a good time to buy is when you see the property price trending up, when people start having interest again.
The property price seems to trend down, but I can see people showing interest in it whenever the price is reasonable (absolutely not a crash), so, what's the stage now?
Recovery, MTB please take note. 8 month after TDSR and with 8 CM to control the market, money print is is on.
Recovery too. Now, even if demand is lacking ....land price and building cost cannot get any lower. Smart money are busy investing in OZ where restriction is low.
HDB BTO price increase 14%, but resale dropped 5%?
Posted on July 20th, 2014 under Articles, HDB 0
4-room BTO flat price increased 14.4%?
HDB has just launched BTO flats in the mature estate of Toa Payoh, with 4 – room prices starring from $413,000.
http://www.hdb.gov.sg/fi10/fi10296p....E?OpenDocument
In the November 2012 Toa Payoh Crest BTO, 4 – room prices were from $361,000.
http://esales.hdb.gov.sg/hdbvsf/eampu11p.nsf/0/12NOVBTO_page_8931/$file/12NOVBTO_about0.htm
This is an increase of 14.4%.
But Resale Price Index decreased 5.1%?
The HDB Resale Price Index http://www.hdb.gov.sg/fi10/fi10321p....x?OpenDocument
has dropped by about 5.1% from 206.6 in the 2nd quarter of 2013 to 196.0 (2nd quarter 2014), and about 3.4% from 202.9 to 196.0 from the 4th quarter of 2012 to the 2nd quarter of 2014.
So, if the Resale Price Index dropped by 3.4%, why did the price increase by 14.4%?
BTO prices delinked from resale prices?
It may be bad enough that in the past, we were told for years that HDB BTO prices were pegged to resale prices, and then recently that they have been delinked – only now to appear as a if they increase much more when resale prices dropped quite a lot in the same estate.
Transparency and accountability please?
Can we have more transparency and accountability as to how HDB flats’ prices are determined.
Land costs 60%?
Is it about 60% of the price is allocated to land costs?
HDB lose billions every year?
How much profits has the HDB been making all these years?
Govt not spending a single cent on HDB?
Is the Government still not spending a single cent on public housing (HDB) as it makes profits from the sale of HDB flats?
S Y Lee and Leong Sze Hian
P.S. Come with your family and friends to the 3rd Return Our CPF – HDB protest on 23 August 4 pm to 6.30 pm at Speakers’ Corner https://www.facebook.com/events/648543138548193/
Thermofisher
15-09-14, 14:52
The property price seems to trend down, but I can see people showing interest in it whenever the price is reasonable (absolutely not a crash), so, what's the stage now?
I am very keen to know too. Have called OCBC regarding the cash out option and they said they will get loan specialist to speak to me.
Remember the cash out is for all investment except property. After you cash out, who know what you do to the money???
That is the reason for the TDSR.
Recovery, MTB please take note. 8 month after TDSR and with 8 CM to control the market, money print is is on.
What will happen to the value of money once they stop printing the money? Do the money stay devalued?
Money itself have no value, it is the thinking of being able to exchange the money for something that create the value.
What is the price of Gold? It is when you think you can sell the Gold at a certain price. If nobody buy gold, gold is just a piece of metal call gold.
What will happen to the value of money once they stop printing the money? Do the money stay devalued?
Money by itself got no value, it is just a piece of IOU. The more IOU, the value decrease.
What is the value of GOLD? Gold is just a piece of metal and the value is what people would like to pay to have it.
http://www.peakprosperity.com/crashcourse/chapter-8-fed-money-creation
Now, where did this money come from? Glad you asked. It comes out of thin air, as the Fed creates money when it ‘buys’ this debt. New Fed money is always exchanged for debt, so we can now put the title on this page.
Don’t believe me? Here’s a quote from a Federal Reserve publication entitled “Putting it Simply:” "When you or I write a check, there must be sufficient funds in our account to cover the check, but when the Federal Reserve writes a check, there is no bank deposit on which that check is drawn. When the Federal Reserve writes a check, it is creating money.
1997 I went to Italy, I cannot use SGD to change to LIRA, I need to change to USD than to LIRA. If you got lot of SGD in Italy than you just have LOT of pieces of printed paper.
What can you buy with this.
http://upload.wikimedia.org/wikipedia/commons/3/3e/Zimbabwe_$100_trillion_2009_Obverse.jpg
Thanks. I get it that What investors are doing now is exchanging valueless paper for physical commodities.
Just that singapore government is not exactly printing money. Hence I wonder the extent of influence.
Money by itself got no value, it is just a piece of IOU. The more IOU, the value decrease.
What is the value of GOLD? Gold is just a piece of metal and the value is what people would like to pay to have it.
http://www.peakprosperity.com/crashcourse/chapter-8-fed-money-creation
Now, where did this money come from? Glad you asked. It comes out of thin air, as the Fed creates money when it ‘buys’ this debt. New Fed money is always exchanged for debt, so we can now put the title on this page.
Don’t believe me? Here’s a quote from a Federal Reserve publication entitled “Putting it Simply:” "When you or I write a check, there must be sufficient funds in our account to cover the check, but when the Federal Reserve writes a check, there is no bank deposit on which that check is drawn. When the Federal Reserve writes a check, it is creating money.
1997 I went to Italy, I cannot use SGD to change to LIRA, I need to change to USD than to LIRA. If you got lot of SGD in Italy than you just have LOT of pieces of printed paper.
What can you buy with this.
http://upload.wikimedia.org/wikipedia/commons/3/3e/Zimbabwe_$100_trillion_2009_Obverse.jpg
Thanks. No wonder investors are exchanging valueless paper for physical commodities.
However Singapore government is not exactly printing money. Hence I wonder the extent of influence.
Thanks. No wonder investors are exchanging valueless paper for physical commodities.
However Singapore government is not exactly printing money. Hence I wonder the extent of influence.
Every Central Bank print money, the different is how much and how fast.
http://www.tradingeconomics.com/singapore/money-supply-m3
1 million Condo at 4 per cent CPI what is the value after 1 year. SGD 40,000.
1 million Condo do you pay 1 million.
The CPI is an annual gauge of how much the prices of goods have risen. So a CPI of 4% means that, over the year, the prices of everything went up by 4%. That’s why a cup of kopi cost your grandma about a cent, and costs you around $1.20.
http://blog.moneysmart.sg/career/5-dangerous-retirement-myths-that-singaporeans-believe/
3. Saving Money Alone is Enough
Milo tin
The good news is grandpa stashed his life savings in this Milo tin. The bad news is it’s now worth less than the tin.
To understand why we no longer stuff money into Milo tins, let’s look at something called the Consumer Price Index (CPI).
The CPI is an annual gauge of how much the prices of goods have risen. So a CPI of 4% means that, over the year, the prices of everything went up by 4%. That’s why a cup of kopi cost your grandma about a cent, and costs you around $1.20.
Now, grab your wallet and check the dollar bills. You will notice that, despite the prices of everything going up, the numbers on those dollar bills are not changing to compensate.
In effect, the money you have is worth 4% less. And every year, Singapore’s CPI reaches around 3% to 4%. Over the course of 20 to 30 years, you can expect inflation (the CPI) to utterly destroy your wealth if all you do is save.
In order to be safe, you should aim to beat the CPI by 2%. So you need to invest the money, and fetch returns of about 5% to 7%. There are plenty of ways to do this, from insurance policies to ST Index funds. You can check out investment basics in our other article.
And incidentally, the cost to get started can be as low as $100 a month. (Try POSB, OCBC or Philip Securities)
Never trust the paper money that can print easily like no tomorrow, own phyiscal assets that cannot be printed better... :tears_of_joy:
Obviously, there will bound to be policies to deter you and me from doing that because of some reasonssss..., but following those advocation is really detrimental to us.............!!!
1 million Condo at 4 per cent CPI what is the value after 1 year. SGD 40,000.
1 million Condo do you pay 1 million.
The CPI is an annual gauge of how much the prices of goods have risen. So a CPI of 4% means that, over the year, the prices of everything went up by 4%. That’s why a cup of kopi cost your grandma about a cent, and costs you around $1.20.
http://blog.moneysmart.sg/career/5-dangerous-retirement-myths-that-singaporeans-believe/
3. Saving Money Alone is Enough
Milo tin
The good news is grandpa stashed his life savings in this Milo tin. The bad news is it’s now worth less than the tin.
To understand why we no longer stuff money into Milo tins, let’s look at something called the Consumer Price Index (CPI).
The CPI is an annual gauge of how much the prices of goods have risen. So a CPI of 4% means that, over the year, the prices of everything went up by 4%. That’s why a cup of kopi cost your grandma about a cent, and costs you around $1.20.
Now, grab your wallet and check the dollar bills. You will notice that, despite the prices of everything going up, the numbers on those dollar bills are not changing to compensate.
In effect, the money you have is worth 4% less. And every year, Singapore’s CPI reaches around 3% to 4%. Over the course of 20 to 30 years, you can expect inflation (the CPI) to utterly destroy your wealth if all you do is save.
In order to be safe, you should aim to beat the CPI by 2%. So you need to invest the money, and fetch returns of about 5% to 7%. There are plenty of ways to do this, from insurance policies to ST Index funds. You can check out investment basics in our other article.
And incidentally, the cost to get started can be as low as $100 a month. (Try POSB, OCBC or Philip Securities)
What will happen to the value of money once they stop printing the money? Do the money stay devalued?
Printing the money is similar to writing a cheque. For example I write 2 cheque worth 1000 dollar each for my worker, because his salary is 2000 a month. Every month he cash in his 1000 dollar to pay for his necessities and keep the other 1000 dollar cheque for saving. Instead of keeping the cheque to himself, I offer him to hand in the 1000 dollar cheque back to me in return for a 10% interest. Therefore I can use the same 1000 dollar cheque to pay for my next worker.
My cheque is only as good as my bank balance. If all my workers decide to cash in all their cheque I won't have enough balance in my bank.
To answer your question: what happen if I stop writing cheque (ie. Printing money)? My cheque wiil still bounce if more people are cashing in (because there were never enough balance in the bank in the first place).
Saving cash in the bank is constitute having an imaginary wealth. Its all about perception. In this system, being able to borrow money to buy real wealth is a privileges.
Well said!
To avoid competition, many people who were previously able to borrow a lot more to buy real wealth have this ability stripped in the name of being good for you blah blah blah (noise only)............ :crushed:
Printing the money is similar to writing a cheque. For example I write 2 cheque worth 1000 dollar each for my worker, because his salary is 2000 a month. Every month he cash in his 1000 dollar to pay for his necessities and keep the other 1000 dollar cheque for saving. Instead of keeping the cheque to himself, I offer him to hand in the 1000 dollar cheque back to me in return for a 10% interest. Therefore I can use the same 1000 dollar cheque to pay for my next worker.
My cheque is only as good as my bank balance. If all my workers decide to cash in all their cheque I won't have enough balance in my bank.
To answer your question: what happen if I stop writing cheque (ie. Printing money)? My cheque wiil still bounce if more people are cashing in (because there were never enough balance in the bank in the first place).
Saving cash in the bank is constitute having an imaginary wealth. Its all about perception. In this system, being able to borrow money to buy real wealth is a privileges.
Well said!
To avoid competition, many people who were previously able to borrow a lot more to buy real wealth have this ability stripped in the name of being good for you blah blah blah (noise only)............ :crushed:
It's very simple... If you have a big head (high and stable income), don't wear a small hat, especially if everyone with lower income than you tries on a larger hat. The current pricing system is relatively stable and I think there won't be that huge fluctuation going forward, although the higher end housing will still face pressures.
If you have a small head (lower or relatively unstable income), go for something more practical (HDB or entry level private), or lay off committing until you have built up a larger sum for downpayment.
Right-sizing the head-to-hat ratio is very important for stability and growth in SG system. Else everyone tries to outborrow his neighbour, it will never end. And provides too much insecurity to most of the working middle class that their total annual income earned can't even match up to the growth in price in their desired housing. The right-sizing should continue till June 2017 (when TDSR refinancing concessions are totally removed, and depending on interest rates then, we can then re-assess the condition of our housing market (notwithstanding any other external shocks or concessions to the system).
Printing the money is similar to writing a cheque. For example I write 2 cheque worth 1000 dollar each for my worker, because his salary is 2000 a month. Every month he cash in his 1000 dollar to pay for his necessities and keep the other 1000 dollar cheque for saving. Instead of keeping the cheque to himself, I offer him to hand in the 1000 dollar cheque back to me in return for a 10% interest. Therefore I can use the same 1000 dollar cheque to pay for my next worker.
My cheque is only as good as my bank balance. If all my workers decide to cash in all their cheque I won't have enough balance in my bank.
To answer your question: what happen if I stop writing cheque (ie. Printing money)? My cheque wiil still bounce if more people are cashing in (because there were never enough balance in the bank in the first place).
Saving cash in the bank is constitute having an imaginary wealth. Its all about perception. In this system, being able to borrow money to buy real wealth is a privileges.
Well the validity of the cheque to the worker also have the trust that if they go bank it they will get the $1000. i.e. the trust that u as the employer will honour your cheque issued.
It's very simple... If you have a big head (high and stable income), don't wear a small hat, especially if everyone with lower income than you tries on a larger hat. The current pricing system is relatively stable and I think there won't be that huge fluctuation going forward, although the higher end housing will still face pressures.
If you have a small head (lower or relatively unstable income), go for something more practical (HDB or entry level private), or lay off committing until you have built up a larger sum for downpayment.
Right-sizing the head-to-hat ratio is very important for stability and growth in SG system. Else everyone tries to outborrow his neighbour, it will never end. And provides too much insecurity to most of the working middle class that their total annual income earned can't even match up to the growth in price in their desired housing. The right-sizing should continue till June 2017 (when TDSR refinancing concessions are totally removed, and depending on interest rates then, we can then re-assess the condition of our housing market (notwithstanding any other external shocks or concessions to the system).
So well said. Head not so big don't wear so big hat. If die die must wear don't KPKB when shit hit the fan.
Well the validity of the cheque to the worker also have the trust that if they go bank it they will get the $1000. i.e. the trust that u as the employer will honour your cheque issued.
The employer ability to honor the cheque in turn very much depend on the worker ever increasing job productivity. Once the productivity stalled, the boss bank account dwindle and his ability to honor the cheque is threaten.
Similar to US situation. The boss is trying to keep his company afloat by pushing his workers to be more productive. He is also paying less interest on the cheque.
His solvency is now depend on miraculous push for productivity and his workers trust on the value of his cheque.
The employer ability to honor the cheque in turn very much depend on the worker ever increasing job productivity. Once the productivity stalled, the boss bank account dwindle and his ability to honor the cheque is threaten.
Similar to US situation. The boss is trying to keep his company afloat by pushing his workers to be more productive. He is also paying less interest on the cheque.
His solvency is now depend on miraculous push for productivity and his workers trust on the value of his cheque.
Thus u have a Catch 99 echo system. both party need to work to ensure the system survive.
Thus u have a Catch 99 echo system. both party need to work to ensure the system survive.
yes.... the boss need to eat and live well to keep the grand illusion of solvency. The workers need to work hard to keep productivity ever higher. Everybody happy. The workers must not be too selfish as refusing to sell their blood and kidney for the sake of survival of the system.
That is why all country have "well educated" work force.
We shall know more after tonight.
We shall know more after tonight.
what is coming up tonight DC33_2008? :)
Fed chairperson, Yellen, is going to hold a press conference on QE and rates at 2.30pm (NY time).
what is coming up tonight DC33_2008? :)
It's very simple... If you have a big head (high and stable income), don't wear a small hat, especially if everyone with lower income than you tries on a larger hat. The current pricing system is relatively stable and I think there won't be that huge fluctuation going forward, although the higher end housing will still face pressures.
If you have a small head (lower or relatively unstable income), go for something more practical (HDB or entry level private), or lay off committing until you have built up a larger sum for downpayment.
Right-sizing the head-to-hat ratio is very important for stability and growth in SG system. Else everyone tries to outborrow his neighbour, it will never end. And provides too much insecurity to most of the working middle class that their total annual income earned can't even match up to the growth in price in their desired housing. The right-sizing should continue till June 2017 (when TDSR refinancing concessions are totally removed, and depending on interest rates then, we can then re-assess the condition of our housing market (notwithstanding any other external shocks or concessions to the system).
Lay off committing until you have a larger sum for down payment? Do you mean borrow even the down payment then?
What will fall into the high income bracket these days?
Thank you all for shedding light by providing very well thought out annotates and reference links. :o I always advocate to spend within one's means and not to over leverage.
Would like to ask, what income bracket is considered as high income? is it more than 20k?
http://pragcap.com/understanding-quantitative-easing
There were lot of Tonight and all the Tonight look the same more money printing.
When I finally grasp the concept, this reference http://pragcap.com/mechanics-qe-transaction mentioned that no money printing is actually involved for QE. Its just an assert swap.
Ok..I am pretty confused right now...*cracks head*
Lay off committing until you have a larger sum for down payment? Do you mean borrow even the down payment then?
What will fall into the high income bracket these days?
The idea is to save up more before committing. Ensure that debts (cars, credits etc) are not overwhelming. Check that you have safety buffer funds. Down payment cannot be borrowed,
High or low income is all relative, more important is right-sizing debt to income, or else housing loans becomes just like Toto or 4-D tickets. Refer with your bank the TDSR ratio. I think if you can meet the TDSR to service your loan plus buffer of savings (depending on the nature of your income and your propensity for risk), you are good to go.
The idea is to save up more before committing. (Agree)
Ensure that debts (cars, credits etc) are not overwhelming. (Agree)
Check that you have safety buffer funds. Down payment cannot be borrowed, (Agree)
High or low income is all relative, more important is right-sizing debt to income, (Don't Agree)
or else housing loans becomes just like Toto or 4-D tickets.
Refer with your bank the TDSR ratio.
I think if you can meet the TDSR to service your loan plus buffer of savings (depending on the nature of your income and your propensity for risk), you are good to go.
High or low income is all relative, more important is right-sizing debt to income,
One should always do a stock taking on your financial. e.g. what are the available cash, assets, stock e.g. and change your allocation according to your risk factor e.g. your age.
When you are young make use of the age to leverage to the Max.......
Use Other people money to plan for your retirement, we live in the World where we share our production. What you wear, eat, sleep are product produce that are make from other people.
When you have cheap labor, you buy what they can build, you don't wait till the labor cost is high and think of buying what they build.
Every inch of Land S'pore increase cost money and it cost more later not now.
Income is only one of the factor, the other is expense, commitment and unforeseen expenses.
Fed chairperson, Yellen, is going to hold a press conference on QE and rates at 2.30pm (NY time).
Janet Yellen, Thank you for keeping the rate low for Considerable Time. Let the party begin............
http://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2014/09/15/102002060-149237508.530x298.jpg?v=1410809880
What is QE from a layman.
There was a Hotel Guest(A)who like to see the room before he decide to stay at the Hotel.
One day A go to the Hotel and tell the Hotel Counter staff who is also the owner (B) he would like to see the room before he decide to stay.
B say ok, but he need to deposit USD 100.
While A go to look at the room, B quickly use the USD 100 to pay the Butcher (C).
Then C quick pay the prostitute (D) USD 100 for her service.
She then quick pay the Hotel USD 100 for the room she use for her business.
After she pay the USD 100 to the Hotel, A don't like the room after viewing and decide to withdraw the 100 USD from the Hotel.
Now where did the 100 USD debt go to.
High or low income is all relative, more important is right-sizing debt to income,
One should always do a stock taking on your financial. e.g. what are the available cash, assets, stock e.g. and change your allocation according to your risk factor e.g. your age.
When you are young make use of the age to leverage to the Max.......
Use Other people money to plan for your retirement, we live in the World where we share our production. What you wear, eat, sleep are product produce that are make from other people.
When you have cheap labor, you buy what they can build, you don't wait till the labor cost is high and think of buying what they build.
Every inch of Land S'pore increase cost money and it cost more later not now.
Income is only one of the factor, the other is expense, commitment and unforeseen expenses.
Friend, TDSR already limit over-exposure, and psf wise we are near the peaks of the world.
http://www.telegraph.co.uk/property/internationalproperty/10675352/The-worlds-10-most-expensive-cities-to-buy-property.html#?frame=2757808
Right now we are still partying but what happens when interest rates go up, virus induces recession, or bailout stops, or if financial hardships somehow strikes, or all of the above. Never say never. Leverage with wisdom.
Fact #2: Your money will be worth less in the future
Remember this word: Inflation.
A plate of chicken rice that costs $3 now could cost $5.10 in 30 years, going by an inflation rate of 2.4 per cent for 2013 - 2014, according to the Department of Statistics Singapore. With that said, inflation rates are never static with unexpected changes each year. For example, the inflation rate in 2011 - 2012 was 5.2 per cent which means that the $3 plate of chicken rice was forecasted to be $13.70 in 30 years. In the same vein, this means that your current savings will inevitably be worth less in the future.
Over time, your buying and spending power will decrease due to inflation unless you plan properly. Thus, to avoid this and ensure that you have enough by the time you retire, you need to start considering the true value of your savings in future terms.
- See more at: http://business.asiaone.com/personal-finance/investments-and-savings/5-important-reasons-why-you-need-plan-retirement-now/?cid=RETIREMENT-HOMEPAGE-NEWSROTATOR-TD-ASIAONE-SEP14#sthash.FxHdjbR0.dpuf
http://business.asiaone.com/personal-finance/investments-and-savings/5-important-reasons-why-you-need-plan-retirement-now/?cid=RETIREMENT-HOMEPAGE-NEWSROTATOR-TD-ASIAONE-SEP14
http://business.asiaone.com/sites/default/files/aviva_Fact2-image.gif
The idea is to save up more before committing. Ensure that debts (cars, credits etc) are not overwhelming. Check that you have safety buffer funds. Down payment cannot be borrowed,
High or low income is all relative, more important is right-sizing debt to income, or else housing loans becomes just like Toto or 4-D tickets. Refer with your bank the TDSR ratio. I think if you can meet the TDSR to service your loan plus buffer of savings (depending on the nature of your income and your propensity for risk), you are good to go.
Ya, I thought I was missing out something on the down payment as I have the same understanding that it has to come from CPF or cash. Question on high income was to see the general opinion of forumners here what's an income level most will deem to qualify as high income bracket. Personally, I would say at least a personal income of 15K per month.
Fact #2: Your money will be worth less in the future
Remember this word: Inflation.
A plate of chicken rice that costs $3 now could cost $5.10 in 30 years, going by an inflation rate of 2.4 per cent for 2013 - 2014, according to the Department of Statistics Singapore. With that said, inflation rates are never static with unexpected changes each year. For example, the inflation rate in 2011 - 2012 was 5.2 per cent which means that the $3 plate of chicken rice was forecasted to be $13.70 in 30 years. In the same vein, this means that your current savings will inevitably be worth less in the future.
Over time, your buying and spending power will decrease due to inflation unless you plan properly. Thus, to avoid this and ensure that you have enough by the time you retire, you need to start considering the true value of your savings in future terms.
- See more at: http://business.asiaone.com/personal-finance/investments-and-savings/5-important-reasons-why-you-need-plan-retirement-now/?cid=RETIREMENT-HOMEPAGE-NEWSROTATOR-TD-ASIAONE-SEP14#sthash.FxHdjbR0.dpuf
http://business.asiaone.com/personal-finance/investments-and-savings/5-important-reasons-why-you-need-plan-retirement-now/?cid=RETIREMENT-HOMEPAGE-NEWSROTATOR-TD-ASIAONE-SEP14
This paragraph is from the website you recommended, fact #5:
"So although you may get sidetracked by pressing issues such as buying a house or funding your children's education, make sure that you are also putting away money for your future, before it's too late. - See more at: http://business.asiaone.com/personal-finance/investments-and-savings/5-important-reasons-why-you-need-plan-retirement-now/?cid=RETIREMENT-HOMEPAGE-NEWSROTATOR-TD-ASIAONE-SEP14#sthash.FxHdjbR0.MwjtPo5p.dpuf"
It also says this in the last graph:
"The later you start saving, the more money you will need to reach your desired retirement income".
House is not money. It is related, but it is not. Right now many retirees made the wrong steps and end up needing all kinds of arrangements because they are asset rich, cash poor.
Friend, TDSR already limit over-exposure, and psf wise we are near the peaks of the world.
http://www.telegraph.co.uk/property/internationalproperty/10675352/The-worlds-10-most-expensive-cities-to-buy-property.html#?frame=2757808
Right now we are still partying but what happens when interest rates go up, virus induces recession, or bailout stops, or if financial hardships somehow strikes, or all of the above. Never say never. Leverage with wisdom.
There are still a lot of people waiting for Durian to drop.
This paragraph is from the website you recommended, fact #5:
"So although you may get sidetracked by pressing issues such as buying a house or funding your children's education, make sure that you are also putting away money for your future, before it's too late. - See more at: http://business.asiaone.com/personal-finance/investments-and-savings/5-important-reasons-why-you-need-plan-retirement-now/?cid=RETIREMENT-HOMEPAGE-NEWSROTATOR-TD-ASIAONE-SEP14#sthash.FxHdjbR0.MwjtPo5p.dpuf"
It also says this in the last graph:
"The later you start saving, the more money you will need to reach your desired retirement income".
House is not money. It is related, but it is not. Right now many retirees made the wrong steps and end up needing all kinds of arrangements because they are asset rich, cash poor.
House is not money. (Agree) When you are staying in it, e.g. HDB
When you are young and can get a 5 room HDB would you go and get a 3 room, if yes why.
When you are old and want to upgrade to a bigger property, would you advise to go ahead, if yes why.
House is not money when you can just build more in another area and let the house rot, can you do it in Singapore.
House is not money. (Agree) When you are staying in it, e.g. HDB
When you are young and can get a 5 room HDB would you go and get a 3 room, if yes why. (Depends on price. But if OCR HDB generally the advice is to go for larger one - first bite should take a sizeable one. But some get 3 room with the hope of getting a second private property 5 years down the road when children comes.)
When you are old and want to upgrade to a bigger property, would you advise to go ahead, if yes why. (Depends on family situation. If large cash hordes and price is low, why not?
House is not money when you can just build more in another area and let the house rot, can you do it in Singapore (catch no ball, but some kinds of hdb upgrades allow adding area).
House is not money. (Agree) When you are staying in it, e.g. HDB
When you are young and can get a 5 room HDB would you go and get a 3 room, if yes why. (Depends on price. But if OCR HDB generally the advice is to go for larger one - first bite should take a sizeable one. But some get 3 room with the hope of getting a second private property 5 years down the road when children comes.)
When you are old and want to upgrade to a bigger property, would you advise to go ahead, if yes why. (Depends on family situation. If large cash hordes and price is low, why not?
House is not money when you can just build more in another area and let the house rot, can you do it in Singapore (catch no ball, but some kinds of hdb upgrades allow adding area).
House is not money when you can just build more in another area and let the house rot, can you do it in Singapore (catch no ball, but some kinds of hdb upgrades allow adding area).
When I was in US, we need to travel from Tucson to Texas for our deployment, we drove 3 days across the state SOP say cannot drive too many hours a day.
https://www.google.fr/search?q=America+ghost+town&espv=2&biw=1680&bih=933&source=lnms&tbm=isch&sa=X&ei=GbEaVIaBGIGTPfmYgMAN&ved=0CAYQ_AUoAQ
We pass Ghost Town one after another, They can build a town and then just leave the Town to rot and build another one because they got lot of land. Their training area is the size of Singapore.
Singapore is just too small, every inch of land is lot more expense.
Sometime it good to stay in another place and look back at Singapore and you will know the different.
Over in France House price never change for the late 8 years since I was here, House is not money, they got lots of land but not in Singapore.
http://www.leboncoin.fr/ventes_immobilieres/offres/aquitaine/?f=a&th=1&location=La%20Teste-de-Buch%2033260
http://www.zillow.com/tucson-az/
https://www.youtube.com/watch?v=fC93DpIG1IA
Pont d'espagne Day Trip.
https://www.google.fr/search?q=Pont+d%27espagne&es_sm=93&source=lnms&tbm=isch&sa=X&ei=TbsaVLOJJcHkPMXagMAO&ved=0CAgQ_AUoAQ&biw=1680&bih=933
https://fbcdn-sphotos-c-a.akamaihd.net/hphotos-ak-xap1/v/t1.0-9/13949_10152682627895349_6119049808215552370_n.jpg?oh=7cb825f303d80ce9c09ff5ef9853f2b3&oe=5499F066&__gda__=1422510639_f6e792482ecbeb5b82e953103d6e6aab
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-xap1/v/t1.0-9/10660159_10152682627900349_5057922223785927475_n.jpg?oh=4867e4b2e6a0522e461d8bc876cffc43&oe=5485220F&__gda__=1418547546_64527f9a3b83445a9e91d52be42c30ca
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-xaf1/v/t1.0-9/10678777_10152682628230349_4831412529915413913_n.jpg?oh=025b1cde037343ab353d7d7918f82f54&oe=548D5040&__gda__=1419383796_e1fbec4d887e3a87d75ec73c1273e5e8
https://scontent-a-cdg.xx.fbcdn.net/hphotos-xpa1/v/t1.0-9/10629668_10152682629865349_7106097199488584705_n.jpg?oh=bc48e1385ca038d137650dfcc5e8e1ce&oe=54CDF1B7
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-xpf1/v/t1.0-9/12289_10152682630100349_1451755469140914921_n.jpg?oh=bc21f05262ca4ff7237b1783b65392e6&oe=54835B6C&__gda__=1418713005_e720d0b0e24a82ba285af5334a14b193
https://scontent-a-cdg.xx.fbcdn.net/hphotos-xaf1/v/t1.0-9/10665997_10152682630370349_576199524850504415_n.jpg?oh=df41c0f1840bb3ccf2e3a8fadca3434f&oe=54C57952
Nice landscape~ especially it has been hazy in SG these 2 days and giving me a bit of an headache. Once did a 3 weeks trip to France and went to quite a few places. Would be nice to explore other places in future.
Case study:
Fully paid hdb
Cash reserve: 4.5 years (and counting) for 5.2% mortgage monthly payment
payment
Should be safe?
Arcachon you are really a mysterious man. I learn a lot from your posts.. Not sure what you do for a job but admire that you have gotten so far.
My only regret is not learning about leveraging when I just started work. On hindsight, I would have done a lot of things differently.
Actually, many people never learn about benefits of leverage because they have been told "too dangerous to leverage"!
Now, after they started to learn the benefits of leverage and they wanted to benefit from it, loh and behold, most of you (except the super rich and connected) will never benefit from leverage after new rules implemented to prevent you from borrow more to leverage! It is same like introducing so many cooling measures on residential properties and little if any for commercial properties! They can ever justify that >15% rent increase average per year over past 5 years for commercial properties is not a lot!
Case study:
Fully paid hdb
Cash reserve for 4.5 years (assumption of 5.2% mortgage monthly payment) and counting..
Should be safe?
Arcachon you are really a mysterious man. I learn a lot from your posts.. Not sure what you do for a job but admire that you have gotten so far.
My only regret is not learning about leveraging when I just started work. On hindsight, I would have done a lot of things differently.
If the economy is in deep deep shi*, the CMs etc would most likely be removed.
If still in early/mid 30s..maybe still got chance ba.
Actually, many people never learn about benefits of leverage because they have been told "too dangerous to leverage"!
Now, after they started to learn the benefits of leverage and they wanted to benefit from it, loh and behold, most of you (except the super rich and connected) will never benefit from leverage after new rules implemented to prevent you from borrow more to leverage! It is same like introducing so many cooling measures on residential properties and little if any for commercial properties! They can ever justify that >15% rent increase average per year over past 5 years for commercial properties is not a lot!
Actually, many people never learn about benefits of leverage because they have been told "too dangerous to leverage"!
Now, after they started to learn the benefits of leverage and they wanted to benefit from it, loh and behold, most of you (except the super rich and connected) will never benefit from leverage after new rules implemented to prevent you from borrow more to leverage! It is same like introducing so many cooling measures on residential properties and little if any for commercial properties! They can ever justify that >15% rent increase average per year over past 5 years for commercial properties is not a lot!
My observation is that middle to high dual income household (especially those with no kids 10/10) would have leveraged and have mostly made very good returns (anyone who has done so in the early 2000s onwards). The single income household tend to be more prudent for obvious reasons - there's little to no backup plan if the sole earner loses a job or falls ill.
Remove the CMs just when the economy is in deep deep shit? Oh gosh! That means firstly, you lost the golden opportunity to earn a pot of gold before the next economic recession comes (like in 2013 before the most severe CMs strike and most people would have made a lot of money if they invested in properties but their chance are ZEROed by subsequent CMs).
Secondly, when the next recession comes and CMs just lifted, if you people buy at that moment and don't wait till the shit hit the fence and fall and stabilize on the ground, they will be the first to get buried, ZERO chance!
So, all those CMs seem to bury more people than help them to earn a pot of gold and can retire early! Sorry, they seem to help to make sure that most of you have to work till you die otherwise you will not have enough money to live through your "golden years".......................
If the economy is in deep deep shi*, the CMs etc would most likely be removed.
If still in early/mid 30s..maybe still got chance ba.
Actually, many people never learn about benefits of leverage because they have been told "too dangerous to leverage"!
Now, after they started to learn the benefits of leverage and they wanted to benefit from it, loh and behold, most of you (except the super rich and connected) will never benefit from leverage after new rules implemented to prevent you from borrow more to leverage! It is same like introducing so many cooling measures on residential properties and little if any for commercial properties! They can ever justify that >15% rent increase average per year over past 5 years for commercial properties is not a lot!
Case study:
Fully paid hdb
Cash reserve: 4.5 years (and counting) for 5.2% mortgage monthly payment
payment
Should be safe?
Arcachon you are really a mysterious man. I learn a lot from your posts.. Not sure what you do for a job but admire that you have gotten so far.
My only regret is not learning about leveraging when I just started work. On hindsight, I would have done a lot of things differently.
Fully paid HDB, means your money is not working as hard.
If this is your only property than need to think how to max it.
By leveraging max what is lost is the amount you put in the property whereas for a fully pay property what you lost is the property.
I always dream of the day when the aircraft landing in Paya Lebar AirBase landed on my roof top and my 5 room completely destroy.
Also dream of the day War broke out in Singapore and I have a fully pay HDB which I cannot move.
Have been trying to sell it away and get the cash out to buy another property at SkyGreen but MAS put a stop on my plan.
e.g. 5 room HDB brought for SGD 250,000 now value at SGD 640,000.
When I lost my 5 room I lost SGD 640,000 whereas if I sell and buy another with mortgage, what I lost is the amount I pay for the deposit the rest of the cash with me.
Oops I meant staying at a fully paid hdb
Cash reserve: 4.5 years (and counting) for 5.2% mortgage monthly payment meant for an OCR 2-bedder brought this year for mum stay.
It's a long story but suffice to say intend to rent out in future if she no longer want to stay there or no longer around since its next to an international school.
Of course if investment wise I was told repeatedly that it's not a wise move I should have parked the money at better location elsewhere Yada Yada. :( some said filial piety some said foolish. I m still in my early/mid 30s but my mum is more than 2xs my age lar. As long as she loves the place its all that matter ba. But I do wonder if I over leverage at times when there's constant talk about rapid interest hike.
.
Fully paid HDB, means your money is not working as hard.
If this is your only property than need to think how to max it.
By leveraging max what is lost is the amount you put in the property whereas for a fully pay property what you lost is the property.
I always dream of the day when the aircraft landing in Paya Lebar AirBase landed on my roof top and my 5 room completely destroy.
Also dream of the day War broke out in Singapore and I have a fully pay HDB which I cannot move.
Have been trying to sell it away and get the cash out to buy another property at SkyGreen but MAS put a stop on my plan.
e.g. 5 room HDB brought for SGD 250,000 now value at SGD 640,000.
When I lost my 5 room I lost SGD 640,000 whereas if I sell and buy another with mortgage, what I lost is the amount I pay for the deposit the rest of the cash with me.
Garment officials have read the book, "OPM". Leveraging is still around but not for property anymore.
Actually, many people never learn about benefits of leverage because they have been told "too dangerous to leverage"!
Now, after they started to learn the benefits of leverage and they wanted to benefit from it, loh and behold, most of you (except the super rich and connected) will never benefit from leverage after new rules implemented to prevent you from borrow more to leverage! It is same like introducing so many cooling measures on residential properties and little if any for commercial properties! They can ever justify that >15% rent increase average per year over past 5 years for commercial properties is not a lot!
Garment officials have read the book, "OPM". Leveraging is still around but not for property anymore.
Can still leverage but cannot over-leverage.
Property investor will have to weigh the corresponding risk with the no. of times of leverage now more closely.
Property investor will have to weigh the corresponding risk with the no. of times of leverage now more closely.
Risk depend on the info gather by the investor before making the decision.
Question - Japan have a property Bubbles, is China property same as Japan, if not why.
Question - Johor have a property bubbles do Singapore have, if not why.
How much is considered "over-leverage"?
May be they should walk the talk and dump their investment in company like "Olam" which has long been considered "too over-leverage" by the equity analysts!
Can still leverage but cannot over-leverage.
Garment officials have read the book, "OPM". Leveraging is still around but not for property anymore.
https://www.youtube.com/watch?v=tQBia1Mw9Vw
https://www.youtube.com/watch?v=1uSgSrlX21M
https://www.youtube.com/watch?v=1uSgSrlX21M
http://www.gold.org/reserve-asset-management/statistics
Who have the most gold?
Why is Gold price in USD?
When gold price rise USD drop, when gold price drop USD rise.
can USD drop and rise according the rise and drop of GOLD?
https://www.youtube.com/watch?v=Y4WmDoYJhnk
http://www.positivemoney.org/issues/house-prices/
1. Banks created hundreds of billions of pounds and put it into property
In the ten years up to the start of the financial crisis, house prices tripled. Many people think this is because there were not enough houses around, but that is only part of the picture. A major cause of the rise was that banks have the ability to create money every time they make a loan. During the period in question the amount of money banks created through mortgage lending more than quadrupled! This lending was a major driver of the massive increase in house prices.
Why they give so complicated answer?
My straight forward Singlish style explanations:
1) They can print paper money, lots and lots of them, and printed 3-4x already......
2) They can't print land, these stay the same.......
3) According to law of supply and demand, demand in terms of paper money increased 3-4x, supply in terms of land and hence properties remain the same, so obviously properties should go up 3-4x loh! (So far properties didn't go up so much is because of artificial "cooling measures"!)
https://www.youtube.com/watch?v=Y4WmDoYJhnk
http://www.positivemoney.org/issues/house-prices/
1. Banks created hundreds of billions of pounds and put it into property
In the ten years up to the start of the financial crisis, house prices tripled. Many people think this is because there were not enough houses around, but that is only part of the picture. A major cause of the rise was that banks have the ability to create money every time they make a loan. During the period in question the amount of money banks created through mortgage lending more than quadrupled! This lending was a major driver of the massive increase in house prices.
walkthetiger
23-09-14, 23:59
2) They can't print land, these stay the same.......
Reclamation of lands…redevelopment of old estates…vertical or "skyscraper" developments...There are solutions....Singapore has not reached the stage like HK...
Reclamation of lands…redevelopment of old estates…vertical or "skyscraper" developments...There are solutions....Singapore has not reached the stage like HK...
But these solutions takesome time n more money to materialise.
And the government is exploring the option of underground city.
To add on to replies to your statements:
1) Reclamation of lands…
Answer: The sea reclamation into land is hitting a limit soon....... Not much Singapore owned sea can be further reclaimed without obstructing shipping traffic and tre-passing into neighbouring and international waters........
2) redevelopment of old estates…vertical or "skyscraper" developments...
Such redevelopment will require increase in plot ratios!
FREEHOLD property owners HUAT big big loh!
But these solutions takesome time n more money to materialise.
Reclamation of lands…redevelopment of old estates…vertical or "skyscraper" developments...There are solutions....Singapore has not reached the stage like HK...
Durian drop already, lots of people go picking........
http://www.propertyguru.com.sg/property-management-news/2014/10/67295/is-lake-life-the-most-popular-ec-in-recent-years-
Is Lake Life the most popular EC in recent years?
Some property watchers are predicting that Lake Life could become the most over-subscribed executive condominium (EC) in 2014, and perhaps in the last two years.
Developed by a consortium led by Evia Real Estate, the 546-unit EC received more than 1,200 e-applications at the end of the first three days of launch. This translates to an over-subscription rate of more than two times.
After the news was shared on PropertyGuru’s Facebook page, it attracted a number of comments.
“Three days that the scale model has been open for viewing and the crowd is madness. For sure it will be super over-subscribed and a total sell out. This project will easily be the number one most over-subscribed project of 2014,” said PropNex agent Carolyn Cheong.
And with four more days to go before e-applications close on 12 October, the number of applicants could shatter previous records set in 2012 and 2013.
The highest number of e-applications received in 2013 came from SkyPark Residences in Sembawang with over 1,600 applications. Jointly developed by JBE Holdings and Keong Hong Holdings, the project comprises 506 units.
In 2012 it was the 394-unit Heron Bay in Upper Serangoon View. Also developed by the Evia-led consortium, it drew 1,664 applications.
Image: Weekend crowd at Lake Life’s launch.
Romesh Navaratnarajah, Singapore Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email
[email protected]
https://www.facebook.com/pages/Lake-Life-EC-Yuan-Ching-Jurong/1442175599336664
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Lake life has the crowd and demand becoz of location. If Punggol & Sengkang EC launch this week, I would say the interest and applicants are far lower. These 2 places are infested with ECs and mass condo.
Look at the sale of Marina One by multiple units buyer group.
Lake life has the crowd and demand becoz of location. If Punggol & Sengkang EC launch this week, I would say the interest and applicants are far lower. These 2 places are infested with ECs and mass condo.
For those waiting for Durian to drop, it not easy to see.
AEC 2015 and property start to rise, they will complain again.
https://www.youtube.com/watch?v=ns0QHwEdqO8
https://www.youtube.com/watch?v=LkFYmsWiKY8
https://www.youtube.com/watch?v=Whs_m_mREIQ&list=UUZTt-Gs9Ht4_wcI8_CwP0-g&index=11
这贴真的是于真的想置屋来自住的人，如果投资的话可能看了不适，请勿怪~
不管以后涨价降价，屋子应该是越年轻买越好。为什么？
1.屋子不管你怎么买都是买贵的。
-我们买卖屋子聊的时候都忘记了算了一个重大成本-利息。如果供得来都差不多是买一间产业好像在供2间的感觉。我相信很多大大都懂的。所以可以这么说，不管你什么时候买，不管屋价跌还是升，只要你是和银行贷款，你就一定是买贵了！既然你不管怎么买都买贵的，那么为什么不要乘年轻买？
2.年轻负担小
-我们在21岁到30岁的时候是最有生产力的，而且也是负担最少的，父母还能工作，不用承担父母的养老费，家里还有车，也不用我供，最多只是油钱，即使供一辆,myvi一个月400++~500也还过得去~还没有结婚甚至还没有女朋友自己花而已，有的甚至连医药卡都还没买，这么年轻又不用这么早准备退休金，那么是不是可以说这个时候的gen y是最有储蓄资本的时候？如果这时候买屋子的话年轻人供屋子不用那么辛苦压力，拱了前面十年的屋子，以后大大要refiance还是要卖掉都比较好，因为十年前的屋子一定会比10年后的屋子来的高。
就算不卖，结婚了总要自己的屋子吧？总不可能和家人一起住吧？提早做好准备是你对你另外一半最好的礼物。总好过结婚的时候屋子没有，聘金又没有，到时候只是和身边人吵架你都sienz了。
3.年轻是个资本，用就叫青春，不用就叫浪费
和上述原理一样，各位大大都以为等了1个几年便宜100k再进场，我在这里不做任何假设，我真的让你说中真的便宜100k进场，我想问的是那时候大大你几岁了？如果大大你好好的利用那就叫青春，挥霍的话就叫浪费。大大你真的认为30岁的你和25岁的你真的可以比较？
25岁的你可能薪水没那么高，但是负担没那么重；30岁的你，可能收入比25岁的不增长了10-20%，但是大大你的2老会开始要退休，你的收入开始不是1个人赚1个人花，而是1个人赚3个人花，保险呢？大大可能你再期间换了一辆车也不一定，那么车期呢？大大你的反正钱费用呢？（反正都要花的钱),TM费电话费等等。到那时候大大你真的认为你还会有储蓄？
而且如果以投资回报率来算，大大，那100k真的能买回你失去的那5年？如果真的能，我相信很多人会拿出100万，甚至更多，只是想买回区区1年的时间，因为这是不可能做的，时间的珍贵不能拿时间去计算。
4.钱一直在贬值。
我说的不是马币，而是全世界都是如此，以前收入2000可以养活全家，现在呢？2000能做什么？他们的收入有变低吗？不是，是收入不能抵抗通货膨胀，我一直强调，屋子最大的作用是抵抗通货膨胀而不是增值为先。试想想10年后的2000块能做到什么？但是10年后的收入平均又能去到那里？屋价会去到那里？没有人懂，但是唯一能确定的就是，一定会持续往上飙。那你拿着一直在贬值的现钱等来做么？
5.屋子绝对不是一个长期投资的好项目
大大你们一定很奇怪，我提倡大家买屋子，但是我却说他不是个好选择，为什么？因为屋子的利息真的蛮高的，买一间供2间，除非大大，你们是用现钱买的，或者这间的出租率非常高，要不然就不要说买卖转让(当然有准备有米的大啊（不管是看空还是看多）例外)，因为你的价钱绝对比不上现钱买家，尤其你是第一间屋子或者最多第二间屋子，手上完全没有现钱的家伙，只要拖了1个五年利息一拉长，即使他只卖10%他都是净赚10%，那么你们呢？有算过利息的算法吗？5年后的你们要卖什么价钱。
别和我说拿到钥匙立刻转卖，那是非常渺茫的可能，不然试问这里所有有经验的大大，他们拿到钥匙后立刻卖掉的可能性高吗？我相信有，但是不多。
既然这不是个好投资项目，就是说不管怎么买都会亏钱，而这玩意是你这一辈子肯定怎样都要买的东西，那么既然这样那么为什么不要趁早买，结果你以为赚了差距价，其实你亏的不止这么少。
6.买屋子为必须的，所以应该”先有屋子”在考虑“屋子的价值”
我发现一个很奇怪的现象。
“那屋子不好的，这么里面交通都不方便的；哎哟公寓不好的啦，现在又不是买不起排屋为什么不要买公寓；freehold的产业这么多，为什么你要买leasehold，不是被人家笑吗？”
是不是很熟悉？，没错这就是很多人都会和你说的闲话。一个再好的地点都一定会有缺陷的，即使如新山r n f，你敢说他一定没有缺陷？还是有的。一好就没有2好，又要便宜，又要投资价值高，又要有地的，最好家隔壁就是商场，对面是医院，隔壁是学校，前走就是highway。
大大你以为你买什么？有这么好的地点还轮到你？
就如娶老婆要取漂亮的，身材好的，家里有钱的，要听话的，最好不会老，不会生孩子走形，要对我忠心，最好要会煮饭，床上要对我妩媚，床上功夫一流又要处女，最好对我家人也好，疼我家人好过对他父母，各位大大，是不是听了都流口水？先照照镜子吧。
很多买屋子都说要住1辈子，那么我可以说我驾车我也要架一辈子的，那么是不是我直接买auti r8，然后1辈子不换车，这样是不是也ok？是不是很可笑？肯定是根据个人综合偿还能力来买屋子啦，你管那屋子偏不便宜你又买不起，买了后天天喊穷，睡不着觉，又有什么
意思？hh banglo跳楼卖，只卖900k，便宜吗？comfirm会再涨，那么你们要买吗？不是要买，是能买吗？
当你有了第一间屋子，就如你要先有车，再考虑换什么车，连屋子都没有的人，在想说几时跌价，我想问，你又不是业主，你又没有那么多现钱，管你x事?
7.现在是买屋好时机
现在有很多公寓package推出，promotion 0头期免手续费等等优惠，却很多无屋者看不上？请问你们是在等榴莲跌还是政府救援？公寓真的很失礼吗？你们一定没看过香港人住的“高级公寓”比我们的miduim cost的公寓还差，但是他们还是照住。
各位大大你们知道有地屋如果没有这些配套你知道至少准备多少头期吗？10%头期+手续费(10%）最起码你手上要有20%的cash，我知道很多人都有，但是你拿完出来后你身上会不会没有钱了，那玩意需要救急怎么办？当然如果计算了风险管理肯定没问题。更何况那些月光族根本不可能有储蓄的，那是不是如果没有0头期的拿你一辈子都不用买屋子了？
千万别遇到像中国那样的问题，为了实行打房计划，blr 7.5%，付40%头期，到那时就算你要买屋子都不可能了，已经买的屋子利息即使上升了也不会供多的，大不了拉长来供；但是现在买的屋子如果7.5利息你们知道到底有多重吗？上网看看吧~即使你真的有这偿还能力，有那位仁兄可以直接不痛不痒拿出40%的首期？
别等到那时候，别说选择买什么。连你买屋子的可能都不知道有没有都失去才后悔为什么没在之前做个决定。
8.年龄越大越难买屋子。
就如上面我说的2,3因素，各位大大你们真的认为越迟买越好吗？随着你的负担增长，你的年龄也会增长，到时候银行能不能借你那么长时间，利息有没有优惠都不确定，如果他肯借你还好，最起码还有机会买屋子慢慢供，大不了辛苦点，但是如果银行都不批你钱的时候，事情大条了，到时候你真的只能租屋子了。。。。
综合以上8条因素，我不能排除有些年轻人会有例外的例子(比如家庭因素或者先天因素，比如家里双清负债，或者先天残缺导致失去工作能力等意外的例子)，但是如果大大你都没有遇到这个问题，那么你就要正视我上面写的。
说句话，难不成你想未来的30年你的父母，你的另外一半都担心你的未来，连一个保障都给不到你家人，那么还要你何用？
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10 million population coming already... Still need to ask what's the right time? CECA means legs wide open liao. If you don't believe, then don't blame others 5 to 10 years later.
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