View Full Version : Genuine upgrader's worry
http://www.straitstimes.com/STForum/Story/STIStory_573722.html
Sep 2, 2010
DREAM HOME
Genuine upgrader's worry
THE latest property policies reported on Tuesday ('Govt acts to curb speculators') will see the loan-to-value (LTV) limit adjusted from 80 per cent to 70 per cent for home buyers with existing housing loans.
The report quotes the Government as stating that the new policies are aimed at discouraging speculation in the property market, and genuine home buyers should not be affected.
I am a genuine home buyer and a potential HDB upgrader. I am a Singaporean whose dream is to work hard and improve my family's living standards.
I dream of upgrading to an executive condominium or private property one day, and I have saved enough for the 20 per cent down payment.
I am willing to sell my HDB flat and live in a new home.
So I counted the days to the launch of the new executive condominiums, which suit the sandwich class I belong to.
I almost realised my dream - until the latest changes to curb speculators.
The new policies do not help home owners like me who have an existing HDB housing loan to service.
For one thing, we must fork out 30 per cent in down payment to qualify for the 70 per cent LTV rate.
We are not speculators but we are being penalised in the Government's bid to stabilise the booming property market.
I was advised to sell my HDB flat first if I wanted to enjoy an 80 per cent loan rate. But with a one-year-old baby, where can I stay while the executive condominium is being built?
Besides, can selling our home first assure us of a unit at the executive condominium?
Genuine home upgraders like my family are being penalised and inconvenienced. I hope the authorities will consider home buyers in our position.
Tan Tien Li (Ms)
Assuming current EC is priced at $700k
Old 20% rule = 5% cash (35K) + 15% CPF (105k) = 20% in total (140K)
New 30% rule = 10% cash (35k) + 20% CPF (105K) = 30% in total (140K)... the EC will have to be priced at $466k... for her purchasing power to remain the same.
From this, the policy makers are preparing for a worst case scenario of 33% drop in prices. But it is quite likely and the drop would be somewhere at mid point of 16% to 18%. 20% has been reported in the newspapers.
devilplate
02-09-10, 23:08
Assuming current EC is priced at $700k
Old 20% rule = 5% cash (35K) + 15% CPF (105k) = 20% in total (140K)
New 30% rule = 10% cash (35k) + 20% CPF (105K) = 30% in total (140K)... the EC will have to be priced at $466k... for her purchasing power to remain the same.
From this, the policy makers are preparing for a worst case scenario of 33% drop in prices. But it is quite likely and the drop would be somewhere at mid point of 16% to 18%. 20% has been reported in the newspapers.
den how come after feb measure which reduce ltv from 90 to 80....price continue to increase?:p
wish life is so simple :D
den how come after feb measure which reduce ltv from 90 to 80....price continue to increase?:p
wish life is so simple :D
yes... the equation on paper and the reality out there are not always in agreement.. that's why you need to add more measures or remove measures when things are not at the desired level.
The world out there is a very complex world.
Maybe she will thanks the government after 2-3 hrs...
http://www.straitstimes.com/STForum/Story/STIStory_573722.html
Sep 2, 2010
DREAM HOME
Genuine upgrader's worry
THE latest property policies reported on Tuesday ('Govt acts to curb speculators') will see the loan-to-value (LTV) limit adjusted from 80 per cent to 70 per cent for home buyers with existing housing loans.
The report quotes the Government as stating that the new policies are aimed at discouraging speculation in the property market, and genuine home buyers should not be affected.
I am a genuine home buyer and a potential HDB upgrader. I am a Singaporean whose dream is to work hard and improve my family's living standards.
I dream of upgrading to an executive condominium or private property one day, and I have saved enough for the 20 per cent down payment.
I am willing to sell my HDB flat and live in a new home.
So I counted the days to the launch of the new executive condominiums, which suit the sandwich class I belong to.
I almost realised my dream - until the latest changes to curb speculators.
The new policies do not help home owners like me who have an existing HDB housing loan to service.
For one thing, we must fork out 30 per cent in down payment to qualify for the 70 per cent LTV rate.
We are not speculators but we are being penalised in the Government's bid to stabilise the booming property market.
I was advised to sell my HDB flat first if I wanted to enjoy an 80 per cent loan rate. But with a one-year-old baby, where can I stay while the executive condominium is being built?
Besides, can selling our home first assure us of a unit at the executive condominium?
Genuine home upgraders like my family are being penalised and inconvenienced. I hope the authorities will consider home buyers in our position.
Tan Tien Li (Ms)
I guess miss tan is one typical young couple who dream of getting ec or condo within a few years of working (probably before 30 years old). haven't save enough or pay off current loan then ask garmen for help. want to be assured an ec somemore. :doh:
den how come after feb measure which reduce ltv from 90 to 80....price continue to increase?:p
That's because of
PROPERTISM Rule No. 1 - Property prices always go up in the long term hence properties should only be bought and not sold.
Did the government listen to Mr. "No Longer Afford" below and reduce New Town HDB 3-room price from $16,400 back to $13,800 because Mr. "No Longer Afford" can "no longer afford"?
I wonder what happened to Mr. "No Longer Afford"?
http://i305.photobucket.com/albums/nn211/jlrx_bucket/HDBNotAffordable19800702.jpg
http://i305.photobucket.com/albums/nn211/jlrx_bucket/HDBPrices19800624.jpg
devilplate
03-09-10, 00:30
Ah Gong A used 30k to buy a HDB flat last time....
Ah Gong B put his 30k into FD and rent a HDB flat from govt at $30/mth
today, ah gong A HDB worth 400k while Ah gong B HDB rental goes up to $500/mth:scared-1:
Assuming current EC is priced at $700k
Old 20% rule = 5% cash (35K) + 15% CPF (105k) = 20% in total (140K)
New 30% rule = 10% cash (35k) + 20% CPF (105K) = 30% in total (140K)... the EC will have to be priced at $466k... for her purchasing power to remain the same.
From this, the policy makers are preparing for a worst case scenario of 33% drop in prices. But it is quite likely and the drop would be somewhere at mid point of 16% to 18%. 20% has been reported in the newspapers.
My guess is it won't exceed 10% drop. Some district won't even have any significant differences. Again, thats my views.
Huh.. People will be surprise how deep singaporean pocket was..
proud owner
03-09-10, 03:03
My guess is it won't exceed 10% drop. Some district won't even have any significant differences. Again, thats my views.
Huh.. People will be surprise how deep singaporean pocket was..
i am sure singaporeans are rich ...
but if buyers dont hold back long enuff ..and start to push again ...
dont you think govt will come out with something even more innovative ?
or you think govt will 'Stop at 2" measures and thats it ?
i think mkt will fall ..by how much i am not sure .. but i see the need for prices to stabilise for a longer period ..( plateau ) ..
if after 3-6 mths and all start buying and pushing up prices again ..
then govt will have to take even stronger measures ..
by which time, who stands to lose out ? The rich ? the ave ? or the least privileged ?
by describing herself as an "upgrader" means she is looking to "upgrade" from a HDB flat to an EC or a condo.
let us get some things straight first.
a HDB flat is a Need - that is, a roof over one's head, subsidised by the govt/taxpayers. the singapore govt and the HDB have really done a lot for our people, a roof over our heads is something that we will not be lacking, even if we were really really poor, the govt will ensure we get housed somewhere.
an EC or a condo is a Want. no doubt about that. nobody really needs a condo.
using food as an analogy: if you're hungry, the govt will assist in paying for a cheap well rounded nutritious meal, like economical rice, nasi padang or a basic western style 3 course meal. if you can afford economical rice, nasi padang for your entire family, you do not demand that the govt top up your food budget or impose price caps on luxury food so as to enable you to buy meals of sharks fin, abalone, foie gras, caviar and wagyu beef.
since when is upgrading from HDB to condo a god given right of singaporeans'? if you can afford to, fine. if you can't, why should the govt crash the private property market so that YOU can afford a condo? the govt has done (and is doing) its job well enough, that you can afford a HDB flat.
these whiners make me sick. you complain that you cannot afford a condo? is it the govt's fault? cannot afford BMW? govt's fault?
"what do you want? 3 meals in a hawker centre, food court, or a restaurant?"
My guess is it won't exceed 10% drop. Some district won't even have any significant differences. Again, thats my views.
Huh.. People will be surprise how deep singaporean pocket was..
My views 3 to 5% is immediate.
5 to 10% is likely..
10 to 15% is not so likely
20 to 20% is very unlikely... but if voting results otherwise....upgraded to likely. Do you have a choice? They will win one lah.
These are in my views and average drop, exceptions do apply, say fire sale of 20% to 40% anytime, with or without measures.
Wolverine23
03-09-10, 07:32
Correct. :)
by describing herself as an "upgrader" means she is looking to "upgrade" from a HDB flat to an EC or a condo.
let us get some things straight first.
a HDB flat is a Need - that is, a roof over one's head, subsidised by the govt/taxpayers. the singapore govt and the HDB have really done a lot for our people, a roof over our heads is something that we will not be lacking, even if we were really really poor, the govt will ensure we get housed somewhere.
an EC or a condo is a Want. no doubt about that. nobody really needs a condo.
using food as an analogy: if you're hungry, the govt will assist in paying for a cheap well rounded nutritious meal, like economical rice, nasi padang or a basic western style 3 course meal. if you can afford economical rice, nasi padang for your entire family, you do not demand that the govt top up your food budget or impose price caps on luxury food so as to enable you to buy meals of sharks fin, abalone, foie gras, caviar and wagyu beef.
since when is upgrading from HDB to condo a god given right of singaporeans'? if you can afford to, fine. if you can't, why should the govt crash the private property market so that YOU can afford a condo? the govt has done (and is doing) its job well enough, that you can afford a HDB flat.
these whiners make me sick. you complain that you cannot afford a condo? is it the govt's fault? cannot afford BMW? govt's fault?
"what do you want? 3 meals in a hawker centre, food court, or a restaurant?"
by describing herself as an "upgrader" means she is looking to "upgrade" from a HDB flat to an EC or a condo.
let us get some things straight first.
a HDB flat is a Need - that is, a roof over one's head, subsidised by the govt/taxpayers. the singapore govt and the HDB have really done a lot for our people, a roof over our heads is something that we will not be lacking, even if we were really really poor, the govt will ensure we get housed somewhere.
an EC or a condo is a Want. no doubt about that. nobody really needs a condo.
using food as an analogy: if you're hungry, the govt will assist in paying for a cheap well rounded nutritious meal, like economical rice, nasi padang or a basic western style 3 course meal. if you can afford economical rice, nasi padang for your entire family, you do not demand that the govt top up your food budget or impose price caps on luxury food so as to enable you to buy meals of sharks fin, abalone, foie gras, caviar and wagyu beef.
since when is upgrading from HDB to condo a god given right of singaporeans'? if you can afford to, fine. if you can't, why should the govt crash the private property market so that YOU can afford a condo? the govt has done (and is doing) its job well enough, that you can afford a HDB flat.
these whiners make me sick. you complain that you cannot afford a condo? is it the govt's fault? cannot afford BMW? govt's fault?
"what do you want? 3 meals in a hawker centre, food court, or a restaurant?"
Well said! Balls to those so called self righteous piti seeking upgraders. Beggars still wanna make demands.
if 70% LTV is going to stop her, it means perhaps she shld relook her own finances :o
by describing herself as an "upgrader" means she is looking to "upgrade" from a HDB flat to an EC or a condo.
let us get some things straight first.
a HDB flat is a Need - that is, a roof over one's head, subsidised by the govt/taxpayers. the singapore govt and the HDB have really done a lot for our people, a roof over our heads is something that we will not be lacking, even if we were really really poor, the govt will ensure we get housed somewhere.
an EC or a condo is a Want. no doubt about that. nobody really needs a condo.
using food as an analogy: if you're hungry, the govt will assist in paying for a cheap well rounded nutritious meal, like economical rice, nasi padang or a basic western style 3 course meal. if you can afford economical rice, nasi padang for your entire family, you do not demand that the govt top up your food budget or impose price caps on luxury food so as to enable you to buy meals of sharks fin, abalone, foie gras, caviar and wagyu beef.
since when is upgrading from HDB to condo a god given right of singaporeans'? if you can afford to, fine. if you can't, why should the govt crash the private property market so that YOU can afford a condo? the govt has done (and is doing) its job well enough, that you can afford a HDB flat.
these whiners make me sick. you complain that you cannot afford a condo? is it the govt's fault? cannot afford BMW? govt's fault?
"what do you want? 3 meals in a hawker centre, food court, or a restaurant?"
:scared-5: are u that vivi babakissmama ??? :p
by describing herself as an "upgrader" means she is looking to "upgrade" from a HDB flat to an EC or a condo.
let us get some things straight first.
a HDB flat is a Need - that is, a roof over one's head, subsidised by the govt/taxpayers. the singapore govt and the HDB have really done a lot for our people, a roof over our heads is something that we will not be lacking, even if we were really really poor, the govt will ensure we get housed somewhere.
an EC or a condo is a Want. no doubt about that. nobody really needs a condo.
using food as an analogy: if you're hungry, the govt will assist in paying for a cheap well rounded nutritious meal, like economical rice, nasi padang or a basic western style 3 course meal. if you can afford economical rice, nasi padang for your entire family, you do not demand that the govt top up your food budget or impose price caps on luxury food so as to enable you to buy meals of sharks fin, abalone, foie gras, caviar and wagyu beef.
since when is upgrading from HDB to condo a god given right of singaporeans'? if you can afford to, fine. if you can't, why should the govt crash the private property market so that YOU can afford a condo? the govt has done (and is doing) its job well enough, that you can afford a HDB flat.
these whiners make me sick. you complain that you cannot afford a condo? is it the govt's fault? cannot afford BMW? govt's fault?
"what do you want? 3 meals in a hawker centre, food court, or a restaurant?"
My sentiments exactly.
What irked me most was this statement.
"I was advised to sell my HDB flat first if I wanted to enjoy an 80 per cent loan rate. But with a one-year-old baby, where can I stay while the executive condominium is being built?'
Want cheap, want low price, expect hand out and don't want to suffer a little inconvenience. :tongue3:
devilplate
03-09-10, 10:00
10yrs ago, its quite a norm for married couples to stay with in-laws for a while after marriage....they will save up and den buy a HDB
BUT now things have changed......newly wed couples wud expect to have a flat NOW....5yrs later wud expect to upgrade to condo and afford a car....the more u spoon feed them....the worse it become.....give them an inch they demand a MILE:scared-3:
rattydrama
03-09-10, 10:21
How to catch fire sales? All sapu by agents & associates or those big investors. So the average folks will have to pay market price.
My views 3 to 5% is immediate.
5 to 10% is likely..
10 to 15% is not so likely
20 to 20% is very unlikely... but if voting results otherwise....upgraded to likely. Do you have a choice? They will win one lah.
These are in my views and average drop, exceptions do apply, say fire sale of 20% to 40% anytime, with or without measures.
devilplate
03-09-10, 10:22
How to catch fire sales? All sapu by agents & associates or those big investors. So the average folks will have to pay market price.
got some leftover which is 04-04, 10-04, 14-04 or ground flr facing rubbish dump:D
however, i wud expect genuine sellers to market their units at reasonable market price....shd be easy to find gd units at valuation price for the time being:cheers6:
How to catch fire sales? All sapu by agents & associates or those big investors. So the average folks will have to pay market price.
True. So why not become agent too LOL!
10yrs ago, its quite a norm for married couples to stay with in-laws for a while after marriage....they will save up and den buy a HDB
BUT now things have changed......newly wed couples wud expect to have a flat NOW....5yrs later wud expect to upgrade to condo and afford a car....the more u spoon feed them....the worse it become.....give them an inch they demand a MILE:scared-3:
Ubelievable yah? I come from reasonably good family background, my family never stayed in HDB before, even then I went the HDB route when I got married and lived with my parents in the first 4 years of marriage, including having a baby during that period, all this while waiting for my HDB. Now Ms Pampered can't even cope with that while waiting for her EC :scared-1:
Wild Falcon
03-09-10, 11:30
If can't even foot 30% upfront payment and die die must leverage everything until 80%, then don't buy. Never ever buy beyond your means. Now interest rate is already so lo and if still cannot afford means cannot afford. Just live within your means - what's wrong with these people? If can, I think these guys will borrow 100% without thinking about the consequences.
If can't even foot 30% upfront payment and die die must leverage everything until 80%, then don't buy. Never ever buy beyond your means. Now interest rate is already so lo and if still cannot afford means cannot afford. Just live within your means - what's wrong with these people? If can, I think these guys will borrow 100% without thinking about the consequences.
Can only tell Ms Tan 2 things:
1) Get a new job which pays higher or
2) Get a new husband, the current one definitely not earning enough. :D
Yeah now only one baby cannot afford, need help to buy EC only, wait till you get 2 or more babies, then you will see the expenses sky rocket with tuition and extra lessons, maid, bigger car etc. and then there is University education and more.
CMI means CMI stop dreaming. I gave up my dream of a hill top Bungalow with IR views, at Siglap Bank quite a few years ago LOL!
genuine upgraders, if u are indeed genuine there is nothing to worry!
the Consumer Housing Protection Scheme aka CHPS is here to help protect u from financial recklessness. :)
Ubelievable yah? I come from reasonably good family background, my family never stayed in HDB before, even then I went the HDB route when I got married and lived with my parents in the first 4 years of marriage, including having a baby during that period, all this while waiting for my HDB. Now Ms Pampered can't even cope with that while waiting for her EC :scared-1:
Actually, your case don't seem so bad to me. I mean is not as if you have been swallowing some bad medicine. Staying with parents is.. what you call it.. coolz.. especially I presume it a landed.
Ms Pampered is from xyz generation which is perfectly norm nowsaday.
This is one of the great posts.
But again, the silver lining is, such trend occur on young & developed country. And while I detest such whinner, I see it as a norm and not to be benchmark against older generation.
by describing herself as an "upgrader" means she is looking to "upgrade" from a HDB flat to an EC or a condo.
let us get some things straight first.
a HDB flat is a Need - that is, a roof over one's head, subsidised by the govt/taxpayers. the singapore govt and the HDB have really done a lot for our people, a roof over our heads is something that we will not be lacking, even if we were really really poor, the govt will ensure we get housed somewhere.
an EC or a condo is a Want. no doubt about that. nobody really needs a condo.
using food as an analogy: if you're hungry, the govt will assist in paying for a cheap well rounded nutritious meal, like economical rice, nasi padang or a basic western style 3 course meal. if you can afford economical rice, nasi padang for your entire family, you do not demand that the govt top up your food budget or impose price caps on luxury food so as to enable you to buy meals of sharks fin, abalone, foie gras, caviar and wagyu beef.
since when is upgrading from HDB to condo a god given right of singaporeans'? if you can afford to, fine. if you can't, why should the govt crash the private property market so that YOU can afford a condo? the govt has done (and is doing) its job well enough, that you can afford a HDB flat.
these whiners make me sick. you complain that you cannot afford a condo? is it the govt's fault? cannot afford BMW? govt's fault?
"what do you want? 3 meals in a hawker centre, food court, or a restaurant?"
How to catch fire sales? All sapu by agents & associates or those big investors. So the average folks will have to pay market price.
Try bank auction, the only source available to non agents.
Agents work for agency house. Agency House will take a bite of the cherry if it is very very attractive to do so.
Next is to watch out for adverts in classifieds that says "closing soon", check them out.. not the cheapest but still worth a try.
Anyway the prices of property now is very high, the government may have saved you from a bad decision to rush into a condo which you may end up having troubles supporting when the interest rates ultimately goes up.
My advise if you are upgrading and already have a roof over your head, you can be a little patient. Saving 30% or more and taking less loans is not a bad thing. Negative equity could be worse.
My 2 cents worth!:cool:
Anyway the prices of property now is very high, the government may have saved you from a bad decision to rush into a condo which you may end up having troubles supporting when the interest rates ultimately goes up.
My advise if you are upgrading and already have a roof over your head, you can be a little patient. Saving 30% or more and taking less loans is not a bad thing. Negative equity could be worse.
My 2 cents worth!:cool:
As much as I agree with you that the govt probably might have saved some people from a bad decision to rush into a condo sale, there are still other very pressing and practical reasons to buy. These reasons include
1. Moving to somewhere either nearer to work or nearer to your parents who are taking care of your kids. Check out CTE (city) every weekday morning from 7am to 8am and PIE (Changi) from 6pm. If not moving house mean having to spend 2 hours in jam daily, 1hr in morning and 1hr in evening, then I'll still have to squeeze myself dry to move.:banghead: . This would also cause undue stress and so cause deteriorating health. Not worth it in long run...
2. Moving to somewhere nearer to your preferred choice of primary school for your child. This one cannot wait... once the child hits 6, must get ready for pri sch registration. Cannot wait till property price drops then tell child don't go sch yet...:tsk-tsk: (can however explore other options to help child enroll but all these options sure have other implications)
3. Stayed with in laws for some time le so only right to move out otherwise might give impression that we're living off them and that is not very nice...:doh:
4. If your inconsiderate neighbors are giving you so much problem that you are falling ill. Wiser to move and spend a bit more on house but less on medical bill.
in short, want everything lah! go for it man! :D
10yrs ago, its quite a norm for married couples to stay with in-laws for a while after marriage....they will save up and den buy a HDB
BUT now things have changed......newly wed couples wud expect to have a flat NOW....5yrs later wud expect to upgrade to condo and afford a car....the more u spoon feed them....the worse it become.....give them an inch they demand a MILE:scared-3:
no lah...newly wed couples only expect to have an EC/Condo and car/s NOW!
10yrs ago, its quite a norm for married couples to stay with in-laws for a while after marriage....they will save up and den buy a HDB
BUT now things have changed......newly wed couples wud expect to have a flat NOW....5yrs later wud expect to upgrade to condo and afford a car....the more u spoon feed them....the worse it become.....give them an inch they demand a MILE:scared-3:
Just thinking about changes. We cannot expect our current generation of newly weds to behave like their parents 20yrs ago. We cannot expect us to return to stay in attap houses, can we?
The fact that these newly weds can buy flats now instead of staying with parents is evident that they have started saving earlier. This is logical. Couples today generally marry later (coz university, etc) therefore they tend to have the capacity to save more thus afford a HDB upon marriage at about 30yrs old (statistic 2 yrs back for guys are 30yrs old and ladies 28yrs old when they marry). With generally more education, etc, and the changes with times and ideals, young couples would naturally be inclined to upgrade after MOP. You are right though that our younger generation demand more (inch vs mile) but the mentality beneath should not be penalised. It is how we manage this ever evolving mentality of wanting to upgrade... Just my 2 cents worth...:D
Ms Pampered is from xyz generation which is perfectly norm nowsaday.
yes, yes... different generation has different capabilities and differing aspiration... in my opinion, there is nothing wrong with the "upgrade" mentality...
for example, in my own case, my parents had only few years of primary schooling but they are knowledgeable enough to "upgrade" my siblings and myself to at least a diploma "toilet paper"...
so that we can lead a "better" life, which is true in terms of the basic things like security, food and roof...
so, i think "upgrade" mentality is good in that, it makes me want to be better than the current situation... so if I want better deal, then I have to improve continuously... but of course, have to depend on myself and not "demand" from anyone...
many of our forefathers and ancestors came here as part of their "upgrade" plan from their homeland and accomplished really a lot, all based on their own capabilities...
the younger generations (including myself) really have a lot to learn from our forefathers' spirits....
devilplate
05-09-10, 00:48
upgrade mentality is good if one work hard for it....however, they expect to be spoon fed:doh:
I don't really agree on the term "upgrade". I would said, "changes". Or if you like a tinge of ang mo favor; "paradigm shift".
I was born 5-6 years after world war 2. Our family home was burned down in bukit ho swee. Back then, while putting up at community centre make up tent, our family biggest concern is a shelter.
And now, my biggest concern is the hungry of time to play with my grandchild. I have aspiration, but never have those "upgrade" mentality thoughout my lifespan, especially when it come to dollar & cents.
yes, yes... different generation has different capabilities and differing aspiration... in my opinion, there is nothing wrong with the "upgrade" mentality...
for example, in my own case, my parents had only few years of primary schooling but they are knowledgeable enough to "upgrade" my siblings and myself to at least a diploma "toilet paper"...
so that we can lead a "better" life, which is true in terms of the basic things like security, food and roof...
so, i think "upgrade" mentality is good in that, it makes me want to be better than the current situation... so if I want better deal, then I have to improve continuously... but of course, have to depend on myself and not "demand" from anyone...
many of our forefathers and ancestors came here as part of their "upgrade" plan from their homeland and accomplished really a lot, all based on their own capabilities...
the younger generations (including myself) really have a lot to learn from our forefathers' spirits....
Geylang OKT
05-09-10, 07:16
yes, yes... different generation has different capabilities and differing aspiration... in my opinion, there is nothing wrong with the "upgrade" mentality...
for example, in my own case, my parents had only few years of primary schooling but they are knowledgeable enough to "upgrade" my siblings and myself to at least a diploma "toilet paper"...
so that we can lead a "better" life, which is true in terms of the basic things like security, food and roof...
so, i think "upgrade" mentality is good in that, it makes me want to be better than the current situation... so if I want better deal, then I have to improve continuously... but of course, have to depend on myself and not "demand" from anyone...
many of our forefathers and ancestors came here as part of their "upgrade" plan from their homeland and accomplished really a lot, all based on their own capabilities...
the younger generations (including myself) really have a lot to learn from our forefathers' spirits....
So we shouldnt be so hard on the current FT or FW. Afterall, our forefathers were also china men or klings :D
So we shouldnt be so hard on the current FT or FW. Afterall, our forefathers were also china men or klings :D
Yes, let's not be so hard on them. live and let live :) they also made sacrifice back home, in order to be here.
devilplate
05-09-10, 11:38
Yes, let's not be so hard on them. live and let live :) they also made sacrifice back home, in order to be here.
one FT comes to sg...they earn 3k for eg...but they will spend 1-2k locally as well....:cheers6:
tats how our HDB prices suddenly escalate by 55% since 1st qtr of 2007 and with this bottom up effect, mass market price increase oustripped other segments....BUT LANDED IS THE BIGGEST WINNER.....haiz:doh:
to those who say HDB resale prices to fall: will only happen if SG is no longer an attractive place for FTs to come
these cooling measures will only cool the COV but not the price:spliff:
Yes, let's not be so hard on them. live and let live :) they also made sacrifice back home, in order to be here.
really? are they the only ones who make sacrifices?
they hv a choice to be here or go home, if they find the goings not to their liking, i say too bad
i dun see why we shld mollycoddle & bend backwards to accomodate them. :cool:
devilplate
05-09-10, 11:46
really? are they the only ones who make sacrifices?
they hv a choice to be here or go home, if they find the goings not to their liking, i say too bad
i dun see why we shld mollycoddle & bend backwards to accomodate them. :cool:
our replacement rate is 1.2x and we nid to maintain our population at 2.1....according to wat i read...hehe
so....u want our population to shrink or expand???
as an investor, i wud love to see both economy and population to expand....just hope tat our social stability remains healthy and crime rate remains at current low:)
our replacement rate is 1.2x and we nid to maintain our population at 2.1....according to wat i read...hehe
so....u want our population to shrink or expand???
as an investor, i wud love to see both economy and population to expand....just hope tat our social stability remains healthy and crime rate remains at current low:)
this population replacement rubbish is a red herring to justify the continued import of foreigners to achieve GDP growth, a growth that is not sustainable as per capita growth is not increasing and explains why productivity continues to decline. investors shld be concerned about sustainable growth & not miss the forest for the trees. :cool:
devilplate
05-09-10, 12:10
this population replacement rubbish is a red herring to justify the continued import of foreigners to achieve GDP growth, a growth that is not sustainable as per capita growth is not increasing and explains why productivity continues to decline. investors shld be concerned about sustainable growth & not miss the forest for the trees. :cool:
gd contrarian views:cheers6:
so which means future firesales still intact?:cheers6:
i loves boom and doom....:cheers6:
current boom is not big enuff....we nid bigger bubble!!!:hell-hath-no-fury:
Marginal upgraders are probably the high risk group in firesales.
Is there any data on whether it's the foreigners, PRs or locals that conributed most to firesales?
gd contrarian views:cheers6:
so which means future firesales still intact?:cheers6:
i loves boom and doom....:cheers6:
current boom is not big enuff....we nid bigger bubble!!!:hell-hath-no-fury:
U are the Devil!
So mean.
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