your 1st and 2nd statement contradictsOriginally Posted by DC33_2008
your 1st and 2nd statement contradictsOriginally Posted by DC33_2008
My own situation :
I have a few properties, in Singapore and Malaysia.
In 2011, was seriously contemplating buying another property, either in Spore or JB but prices just keep moving so fast and holding risks became higher and higher.
I buy for keeps (longterm investment) and rental income, so if the returns cannot justify, I really have to think very carefully.
Anyway, for Singapore :
Then came CM5 - that was when I reeeeeealy took stock of the whole CM situation + unpredecented ramping up of supplies ... Spore Govt was telling me and you, very loudly - STOP BUYING!
So, I am heeding the warning signs and have pulled my handbrakes in Singapore - like Devilplate? - till some of these harsh CMs are removed or if I strike TOTO >3m, whichever comes first.
For Spore, the play now should be in stocks for these 1-2-3 years, imho... population increases notwithstanding.
Not really. You mind will be clear only when you have a cool head. If you cannot even have bread and butter, how to think right. Without it, one will become desperate and do not effective things.Originally Posted by Rosy
make use of the 100K+ in your specialised field.Originally Posted by Rosy
100k+ for a property is not enuff, u need buffer more cash for rainy days.
Yup. Have held back my horses since last purchase in early 2010. FTs will come as what PM Lee said last nite as we cannot be like Japan. Make money from Stocks at the moment.Originally Posted by TKT
This is a very good forum where you can see a clear distinctions of many forumers in terms of their beliefs. (minus all name callings, ill sarcasm etc)Originally Posted by price
Do your own judgement as no one will truely understand your financial status, job prospect/security, your appetite for investment and your forte. Advises from others are to be used for reference and not to be heeded. You are the captain of your own destiny.
I wish you success in any investments you've made.
Last edited by Xan; 04-02-12 at 11:38.
I dont think he contradicts, what he says make perfect sense.Originally Posted by Rosy
I would thought that herd mentality is to join the workforce and to draw a regular income.Originally Posted by DC33_2008
hold hold hold hold hold till CM against HDB resale market then sell
or PAP scared to do that ... wait till BTOs hit the road in 2018?? then I would say Punggol HDB going to hit 700k in 4y time
Ride at your own risk !!!
I am referring to herd mentality in investment strategy. Got to think outside the box.Originally Posted by Rosy
I have to agree with some folks here that there is really not much upside to enter at current price.
But it does not mean that i will sell even though i am not buying at current pricing.
interest rate is low and rental yield is excellent.
Then it is fine.Originally Posted by DC33_2008
i am purely taking your statements as its face value
I for one think Xan will make $$$ by flipping 4y down the road
Property market is all about sentiment ... it does not seem like CM4/CM5 has any effect on OCR at all ... the LTV 60% only shrink the unit size
And PAP will not dare to do anything to HDB resale market one lah ... hints everywhere ... why would Khaw want to make sure 2nd timers can get BTO ... exactly because he dares not come out with harsher demand side CM for HDBs ... he basically want to leave resale market to SPRs only
Ride at your own risk !!!
Yup. Great to collect passive income from rental and yet tenants are paying for the mortgage of the property which it will become your home.Originally Posted by Rosy
Ku Swee Yong: Huge oversupply coupled with a weak global economy
spells trouble ahead
http://www.h88.com.sg/article/Ku+Swe...trouble+ahead/
Something I discover in the recent years after CM4/CM5.Originally Posted by ppty
Media is a powerful medium to talk down property px and thats why we have so many people playing the waiting game.
I am not enlightened enough to say whether their prediction is right or wrong, but I must admit it do has its impact on many.
Yes...media has significant influence to impact the general public. Most analysts remains as analysts because they are seldom right...very often their figures are also flawed or inaccurate.Originally Posted by Xan
Some facts that I observed recently:
i) There are more and more high level executives from US and EU transferred to SGP/Asia. SGP is the 'HQ' for many such MNCs.
ii) The immigration tap has started again. Just go check out how many more people got their PR and citizenship wef 1st Jan 2012. Yes...the tap was closed last year after the election. The following news further 'reconfirmed' the tap is open again and they are more discreet now....and they scrapped the word "foreign talent"
http://www.asiaone.com/News/Latest%2...04-325821.html
iii) Prices too high? Look around carefully...There are a lot of people and couples with high income (on average: single 100k-200k per annum and family 200k-400k per annum). Anything within quantum below 1mil is very affordable.
iv) Lastly, some people say REDAS is also pessimistic about property market and hence property prices should drop. The fact is they are also playing their part by using WORDS to cool the market. Would they rather use WORDS to cool the market or let gov't use more measures to cool the market? So it is correct for REDAS to talk down the market.
For people who keeps saying prices will go down,...yes one day it will go down...the question is when and by how much.
Very true. Media is a free tool employed to alter the mind of citizens.Originally Posted by Xan
lol dun see chewren no up lah.. young kids these days all damn savvy like stocks investments during Uni, business, gd jobs etc.. share with you got a couple of my frends 27 already hoot 1mil condos liao, some EC, another frend 28 just got married at st regis ~100k wedding, juz bot Soleil.. that's why I see those upgraders chiong WT and such is really no sweatOriginally Posted by phantom_opera
p/s: all not frm rich family
so long....must be strong buyer remorseOriginally Posted by Xan
If u look at 8@woodleigh thread first few pages during launch last time, it was also condemned to hell with the ex-cemetery next door and unprecedented LH99 pricing of 800-850psf surrounded by FH land.
Maybe ...
Let wait for the final Caveats up on webpage to see who pay the less psf, what the average psf at Watertown.
Think those buy Punggol EC or TREASURE TROVE, sure look forward to see the actual price. as their EC & Treasure Trove are expected to match the same price as today watertown in 5yrs times.
If Watertown average is $1250psf, then their EC and PP will be 75% Profit & 45% profit!
Too bad, no $M to buy EC or Treasure Trove
Originally Posted by testtest
Hmm...looks like u missed the boatOriginally Posted by testtest
side track abit.
Assume i am only taking 60% loan.
Generally, after paying the 1st 20% cash within 8 weeks from OTP, when's the typical duration to the next 10% cash payment? Is it 6 to 9 mths?
And from that 10% payment to the next 10% cash payment, is it another 6 to 9 mths?
Seems that different agents/ bankers are tellling me different things. Some say 3-6 mths, some say 6-9 mths.
Hence asking here, thinking that you experts out there may know/ experience before.
And would I be conservative if i work ard a cashflow plan to pay the 1st 40% cash requirement all within 10 mths from OTP signing?
After the 20% was paid within 8 weeks, u need to fork out another 10% in 9 to 12 mths time. Another 10% will be also be paid after 9 to 12 mths time. Why theres a range of 3 mths is due to the progress of the completion. I was prepared to dump 40% of the payment in the bank and let the bank do the deduction and save the hassle. Your plan is feasibleOriginally Posted by Panerex77
U must be careful that after u had paid 20%, u need to put in money for the 10% within 9 myhs. Your banker will advise u on thatOriginally Posted by Panerex77
Haha....how true.Originally Posted by azeoprop
Sure got people buay song this, buay song that. V common.
Is the watertown still available? I will just take mrt down and sign off one at 500k+ then.
Please advise. TIA.
If u are looking for suites, its already long sold off. Now left SOHO mainly and sky patio. SOHO are selling fast as i just came bk from there. Still alot of pple there.Originally Posted by yowetan
Already sold more than 800 before today. Can sell out this weekend?Originally Posted by Xan