Junior
apparently PAPs is bring in too much of the wrg FT. Need to adjust S pass to 2k means too much of the wrg FT. Bring in those whom can easily afford 5k rental ones!Originally Posted by devilplate
Send all the bankers our way, all over the world man bring them here. Help our 5k rental market segment!
Senior
Here's my views
1. Pte condo rentals had already peaked in Q2-Q3 this year. 2012 onwards will be worse as many projects will TOP earlier. HDB rental will be recession proof, as evident by more Ang Mos in HDB estates.
2. Next year the regional economy will not be so rosy, so property price generally will remain stagnant. A correction of more than 10% is unlikely unless we have massive retrenchments. Moreover hot money will continue to pour in.
3. Buy FH/999 LH condo near MRT for own stay is the best. Keep and rent out the HDBs because demand will increase if there is a recession.
4. Continue to work harder to keep your job, and go for skills upgrading to remain relevant.
5. Economy most likely will recover in 2015, so time your purchase well.
Senior
makes a lot of sense...
Junior
bro, your unit sold for record price???makes a lot of sense...
Junior
Yap. Is just an invitation to treat. Not amounting to an offer or a consideration .
Senior
Point 5 is the most important in terms of property transaction. If need to buy, buy before 2015 or at the latest, early 2015. If need to sell, wait till at least end 2015 or even 2016 when prices climb up again! That is if economy really recover in 2015. I think 2015 is a decent guess! If recessions starts in 2012, then recovery may start as early as 2014 too.
Junior
dont know if im just lucky, my unit just secured a new 2 years lease @ $200 higher, another record for my estate, 11days after my old tenant left : )
Senior
Wah. Your tenant still willing to go for 2 years? He's not working in the banking sector.
Senior
just heard the most ridiculous thing from an agent friend last night ...
he was helping to rent out a 818 sqft 2 bedder at Suites@Central
damn good location ..
last tenant paid $4.8k pm and he found a new tenant for him at $5.3k ...and only partial furnished ..
the LOI was submitted ... normal practise 3 days for landlord to reply .. but this landlord took a week already and still no reply ..saying he has 10 agents ( including my friend) working for him to rent out that unit ..
and he is holding back on the LOI becos he thinks can get $5.4k FKING 100 more only ..
and this landlord owns 3 units there ..of various sizes ..
my friend was so angry he advised the tenant to look elsewhere .. and warned his fellow agent colleague to be aware of this landlord ...
penny wise pound foolish landlord
Junior
non bankingWah. Your tenant still willing to go for 2 years? He's not working in the banking sector.
Junior
yup that's a very good description of that owner
Senior
Surprise to know that can only fetch $3K. Thought there is someone who said that a new MM unit can fetch $2000 rental.
Exalted
u dun even noe the project name and state of condition and shdnt comment any further
if its an old walk up apt without any facilities, 3k is quite ex....nearby 5rm flat cost about 2.5k with lift
mm over that area not even near mrt r rented out at least 2.3k.....some r selling wif tenancy
so u dun have to depend on hearsay from this forum....jus contact a few agts to get the real rental market out there
Exalted
i dun tink its due to tat $100 rental diff
it must smthing else.....mabe not so keen to rent out(trying to sell actually) or not willing to pay comm or the tenant profile is not suitable or he dun like ur agent
tat owner must be quite a seasoned player to own 3 units ....so dun tink he is pound foolish
Senior
That landlord is not an honorable person!
Exalted
actually nothing wrong wif tat owner....anyway the story is one sided from tat agent only and we all know tat agent r full of lies and gd at twisting factsThat landlord is not an honorable person!
LOI usually got 3days expiry wat....so nothing wrong for owner to sit on it and let it lapse rite?
i highly suspect the reason is tat owner bey song tat agt....whahaha
i ever accept a lower rental from another agt instead of the higher one(diff of $200) simply bcoz the other agt got serious attitude problem
Junior
Mr Kwek from CDL say when prices go up people buy more when prices come down people scared and dare not buy.... so if prices really drop, make sure you dare to commit....Have been patience for very long already!!! How long more? 2012/2013/2014? No one knows for sure!
Senior
Landlord must see who tenant is also, if ang moh our japanese tenant offering 5.3k and parapoondek tenant offering 5.4k, I will still go for the 5.3k for peace of mind.
Newbie
Maybe you can try? Or better, ask for 50% discount?These prices are actually less than what they were 6 months back. Also, surely those prices are negotiable. Agents jack up prices atleast 20%. If nobody calls them surely they will go for 20% lesser
Newbie
If it drops 10% SSD will drop.
So then it goes up again.
Back to where we are today by September 2012.
Newbie
This is the second time you have used the word Parapoondek. What does it mean?
Newbie
Telok Indah???
If yes, this is an old walk-up.
If you are getting the upper units, it means walking 4 flights of stairs up and down daily, not counting those stair inside the unit.
We had considered buying this place last year when a good unblocked north-south unit was offered.
No facilities except carpark, some sheltered, some open and security.
The best feature is the location as it is really close to Kembangan MRT and lots of nice food in vicinity.
One point though, it is right behind a large mosque, so may not be suitable for some folks.
I think its suitable for young couple without kids or family with teenagers.
Not too suitable for couples with young kids/baby as would be quite tiring with the walk-up, nor is it suitable if you have elderly folks.
I'm pretty fit and even I find the climb a bit of a hassle...
In the end, having considered all, we passed the offer and i think it was eventually sold for slightly less than $800k.
For rental, $3000 is about right for this project ($2800-3200?), been at this level in recent few years...
Good luck!
Senior
[QNow I know why. UOTE=TKT]Telok Indah???
If yes, this is an old walk-up.
If you are getting the upper units, it means walking 4 flights of stairs up and down daily, not counting those stair inside the unit.
We had considered buying this place last year when a good unblocked north-south unit was offered.
No facilities except carpark, some sheltered, some open and security.
The best feature is the location as it is really close to Kembangan MRT and lots of nice food in vicinity.
One point though, it is right behind a large mosque, so may not be suitable for some folks.
I think its suitable for young couple without kids or family with teenagers.
Not too suitable for couples with young kids/baby as would be quite tiring with the walk-up, nor is it suitable if you have elderly folks.
I'm pretty fit and even I find the climb a bit of a hassle...
In the end, having considered all, we passed the offer and i think it was eventually sold for slightly less than $800k.
For rental, $3000 is about right for this project ($2800-3200?), been at this level in recent few years...
Good luck!
Junior
Unfortunately, you should know that we have a lot of racists in this forum. If you know the meaning of the word you will know that it is very insulting. It is not the same as calling someone "Thambi" or "Anna" (pronounced "Ah Nay")This is the second time you have used the word Parapoondek. What does it mean?
Try googling "Pundek" for its meaning.
Senior
based on our personal experiences in life we all got our own way of describing certain breeds of humans...i normally refer to them as abnn...but maybe our bro hates them more than me thats why he call them parapoondek....
Senior
[/quote][QNow I know why. UOTE=TKT]Telok Indah???
If yes, this is an old walk-up.
If you are getting the upper units, it means walking 4 flights of stairs up and down daily, not counting those stair inside the unit.
We had considered buying this place last year when a good unblocked north-south unit was offered.
No facilities except carpark, some sheltered, some open and security.
The best feature is the location as it is really close to Kembangan MRT and lots of nice food in vicinity.
One point though, it is right behind a large mosque, so may not be suitable for some folks.
I think its suitable for young couple without kids or family with teenagers.
Not too suitable for couples with young kids/baby as would be quite tiring with the walk-up, nor is it suitable if you have elderly folks.
I'm pretty fit and even I find the climb a bit of a hassle...
In the end, having considered all, we passed the offer and i think it was eventually sold for slightly less than $800k.
For rental, $3000 is about right for this project ($2800-3200?), been at this level in recent few years...
Good luck!
i also viewed a unit there before but walked away when i realised that every friday it would be a nightmare....
Junior
JLL sees no housing glut in 2014 and 2015
Holding a contrarian view, it says demand for homes will likely remain fairly stable
By UMA SHANKARI
THE residential market here will not see a correction in 2014 and 2015 even though a sizeable amount of new homes is due to be completed over those two years, argued Jones Lang LaSalle (JLL) in a new white paper.
'Demand for housing is likely to remain fairly stable and support the injection of new stock over the next few years,' said JLL's South-east Asia research head Chua Yang Liang, who presented the paper yesterday.
JLL's view differs from most analysts' prediction that Singapore is set to face a housing glut from 2013 to 2015.
According to JLL, an average of about 50,000 HDB flats and private homes will be ready each year in 2014 and 2015.
This is equivalent to 2.5 times the average yearly stock completed since 2001.
Dr Chua said the residential market will not contract as a result of new stock. Over the past decade, the Singapore residential market has seen hardly any corrections based on stock levels alone, he said. For example, despite the large supply that came in 1998, island-wide property prices were fairly stable.
Dr Chua also noted that the growth in population over the past few years has outpaced the increase in physical housing stock. This suggests that the demand backlog is likely to help keep prices steady.
On top of this, immigration is unlikely to stop, JLL said.
The property firm used two different rates of immigration and population growth to map out the expected state of Singapore's residential housing market in 2014 and 2015.
Under the first scenario, JLL assumes that Singapore's population grows to just 5.2 million by 2015. In this case, the cumulative housing stock (the total number of homes available for owner-occupation and rent) will still not be able to meet total demand in 2014.
But in 2015, supply will be greater than demand, Dr Chua said.
Under this scenario, he expects the official property price index to grow by an average of 1.8 per cent per year until 2015.
And in JLL's more bullish second scenario, Singapore could be home to some 5.5 million people by 2015.
In this case, new housing stock may be insufficient in both 2014 and 2015 to meet annual housing demand.
As a result, property prices could grow by an average of 7.5 per cent a year from 2011 to 2015, JLL said.
Senior
property mkt just like stock market all different analyst got different views some say buy some say sell....
Exalted
I remember in early 07 when ppty market is super red hot, most analyst predicted oversupply in 2010 n px will start to decline as well....but who noes, oct 2007 subprime crisis erupted....property mkt just like stock market all different analyst got different views some say buy some say sell....
Can never never place ur bet based on supply....
Its all about global economy for sg ppty market
Valued Contributor
And all major banks including Citi, UBS, DBS, OCBC, UOB, Merill Lynch etc all predicted in Q12009 that property will crash another 10-20% in 2009. The rest is history...
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