Abegail
Senior
With the benefit of hindsight and seeing how some of the Dbss are priced, it's not surprising people have taken a plunge with the cheaper EC.
Senior
Agreed. DBSS is a sure perfect ingredient for housing suicide. Maybe this is govt's secret strategy to direct potential buyers into ECs to help boost its appeal. Let one DBSS tell the perfect story to convince buyers to go elsewhere! Brillilant strategy!Originally Posted by kane
Senior
Sim Lian did the other developers a very big favour.
Be Heard, not the Herd
Income ceiling raised, prices will rise in tandem.
DBSS - $750 psf
EC - $900 psf
Mass market - $1,200 psf
Those will be the new reality. Good for sellers bad for buyers.
Senior
BTO - $400 psf
Think EC will be more like $800 psf... DBSS will die eventually so none existent!
Senior
Maybe DBSS will eventually end up like HUDC - need to pay for privatization.
Senior
but no facilities, no appeal to privatise dbss leh.
Newbie
en bloc maybe?
Newbie
it is rediculous . By 900K for a five room flat with the government post on the limitation of income ceiling . It do not make sense at all . I do not know whether the goverment study the income ceiling level and the price of the new house make sense .
Senior
Just wait and see what KBW has up his sleeve!
Newbie
So far KBW said he will raise the income ceiling for BTOs.. He has never said he will raise income ceiling for both DBSS and EC.. So why fault him for something he didn't do? After this tamp DBSS stunner, i guess EC and DBSS no more income ceiling raise liao..
Exalted
Dbss pricing up to developer to set rite?
Priced too high, nobody bites....den vy bad for simlian....lets see wats the take up rate lor.....now those 8xxpsf condos will use this dbss 750psf to sell?muahahaha
Senior
So much talk about market coming down and this dbss developer still so ridiculously confident! Do they know something we don't? Hmmm... Maybe they bank of the fact that Tampines is a matured estate and not many new launches there so the take up rate might be high... let's watch!
Go for Smallest Unit
should not sell well unless people too rich.
Senior
Even rich people have senses. After watching the treacherous market nearing a correction, they still rush in to buy???Really interesting to watch the take up rate of this project. Anyway, Prive, Esparina all already doing so well so maybe ECs will appeal more at just that little bit more in terms of prices!
Newbie
Depend on how they market it.. If they say the future MRT is just at their downstep and their super big hub is also at their downstep, then why not? haha.. There's not many new housing in Tamp, people might be hungry and desperate liao..
Senior
Really the biggest problem for these aspiring young couples is even if they want to buy, with $8000 household income, how much can they sustain the servicing of that huge housing loan? With $2k deductable from combined cpf, and with a housing loan of some $700 000, they'll need a tenure of at least 30 years otherwise they'll have to add cash! And for 30 years??? This is not attractive at all!
Newbie
Young couples buy 4-room DBSS.. 2nd timers buy 5-room DBSS loh.. Young couples can easily afford 600k.. monthly HDB loan 1.95k all deduct from cpf.. They don't need to pay a single cent..Really the biggest problem for these aspiring young couples is even if they want to buy, with $8000 household income, how much can they sustain the servicing of that huge housing loan? With $2k deductable from combined cpf, and with a housing loan of some $700 000, they'll need a tenure of at least 30 years otherwise they'll have to add cash! And for 30 years??? This is not attractive at all!
For 2nd timers, they sell their existing HDB and buy this DBSS, the loan they need to take is not a lot..
Afford is definitely can afford.. See want or not only..
Senior
How can they not want if its in a matured estate... Hmmm... its just the price that's holding people back. With $100k more can get an EC and with $300k more can get a private condo?
Anyway, was just thinking the concept of affordability... what does the govt mean by affordability? Surely anything below $1m is affordable coz both couple's cpf can sustain it but its more a question of the tenure. Given a cheaper option of HDB with a 10 year tenure vs a more expensive HDB with a 30 year tenure, I'll choose the former but again its a matter of choice! So yes govt is right that it is affordable but at an additional price of higher tenure!
Newbie
Not so easy . That is when both are single , With children , it will be tough . How about retirement ?
Well too many good advisor and scholder and thing may go beyond control .
Newbie
By right they don't need to think much lah.. With 100k more, they also can't get an EC that is near to Tamp MRT and big hub.. With additional 300k, they get Waterview but Waterview is nowhere near MRT, big hub, St hilda's.. So, since they can afford it by signing up 30 year loan, then just do it.. End of the day, for that 30 years, they need not pay a single cent in cash..How can they not want if its in a matured estate... Hmmm... its just the price that's holding people back. With $100k more can get an EC and with $300k more can get a private condo?
Anyway, was just thinking the concept of affordability... what does the govt mean by affordability? Surely anything below $1m is affordable coz both couple's cpf can sustain it but its more a question of the tenure. Given a cheaper option of HDB with a 10 year tenure vs a more expensive HDB with a 30 year tenure, I'll choose the former but again its a matter of choice! So yes govt is right that it is affordable but at an additional price of higher tenure!
Just do it.
Newbie
lets hope the DBTT saga won't last too long. BTW this is cheap land sim lian launching. 400 psf ppr EC plot NX YEAR....!!! better buy d18 now
Senior
How many more land parcels SL has in Tampines which are not launched yet? Hmmm... can project how long more this upward trend in Tampines can persist? Tampines HDB cum PC owners happy happy drifting into dreamland now!
Newbie
1 more piece at record EC land bid. Guarenteed to tai u to the max. For the first time in your life, you may see an EC surpass a lot of PC in the district.
Senior
What is their problem??? They really think they're playing monopoly realtime? Hmmm... Far East Organization go disturb the west and North east, MCL disturb the north east and now Sim L disturb the east? Singapore property outlook is looking miserably a developer's playground! How long more before govt is convinced that the key to curbing the housing price hike is through the developer?
Newbie
That one is new bid this year.
As long as land price never hit new high, then still ok.
Peak is near when DBSS and EC run up.
Bedok reservoir DBTT launching soon too. They can follow since FEO also there
A lot of signs pointing peak is near.
Potential rising interest rates
93000 private supply adding to 257000 units (33% increase) by 2014 2015?
Flooding HDB supplies and raising income ceiling(Think don't really contribute much)
STI slides from now
Massive PC advertisements
5th EC launched out of potential 20 launches
CCR OCR still running up?
1) 2014: If supplies up in the market but interest rate still record low and economy ok and foreigners still come bringing their wealth here. Then still got chance price stabilize and hit soft patch.
2) 2014: If supplies up with higher n higher interest rate, economy down and foreigners stop coming here. Then I would feel the outlook not good, prices will go down very fast as according to history.
The last time it happen in 2000 onwards, prices suck for 3-4 years.
Be patient, wait for people showhand then you got chance. I subscribe to decade of boom theory though. Interest rate still key to savings rich singaporeans.
Senior
Land price never hit new high does not mean developer will not launch at new high!!! They are blood suckers or should I say money suckers. They test market with very bold figures and if response is good, they'll just push further up. If no good, then just stay put at those ridiculously high prices. Somehow these guys can really hold their prices till the market corrects itself to suit them!
Newbie
Very easy to guess the price.. Tamp DBSS land bid is 260, that EC is 390.. EC's construction costs should be around 300psf while DBSS around 200psf.. So by right the EC will cost 250psf more than the DBSS.. Around 1k psf loh.. To make sure people can afford it, MM 2, 3, 4 bedders will come out.. maybe we can see a 5xx sqft 2 bedder and 7xx sqft 3 bedder?
Newbie
It's better people buy at high high price.. key to success is market crash..
Go on keep on buying and buying.. bigger the bubble bigger the blast..
Lets buy DBSS.. tampines DBSS will go 1000psf soon.. buy buy soon..
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