I stress test it up to 4%, and even for PC I never take more then 70% in the past, now LTV of course its 60%.Originally Posted by KarenK
I stress test it up to 4%, and even for PC I never take more then 70% in the past, now LTV of course its 60%.Originally Posted by KarenK
might as well buy a 1mil ppty only when u hf 1mil? hehehe.....take 50% loan and keep 50% for buffer to pay maint fee, ppty tax blah blahOriginally Posted by KarenK
if u know the line I'm in, u will understand why I'm so kiasi lorrr.........Originally Posted by devilplate
seen too many cases that went wrong so must learn from others' mistakes.....
ooooOriginally Posted by KarenK
u work for ah long.com isit
But then.... 99LH first to drop and last rise (if ever). Not very good for flipping leh...Originally Posted by devilplate
From my limited experience post-97, I find the best flippers are 2-3 bdrm condos. FH/LH no difference. Idea is to change hands fast, once hit profit target sell and move on to next flip ppty. Till 2003, capital gains tax was still in force so no tax issue as a ppty trader. Beyond 2005, things were looking so rosy that selling was getting more difficult bcoz prices were going up and up.
Meanwhile, 99LH landed throughout these was lagging way behind. In fact I think Loyang Villas has not even recovered from its pre-97 prices. Same for the Kew area 99LH properties. Not very good for flipping I think.
Today, the term 'flip' takes on a whole new meaning as compared to pre 2011.Originally Posted by howgozit
thought about it many times...letting go my HDB...but the BENEFITS far outweigh the capital gain of selling my hdb....agreed by selling i will have a few more hundred K to plonk into a landed but after MANY MANY hours of thought the benefits of keeeping are that if i buy a landed and my monthly mortgage is 4k to 5k...HALF that amount comes from my HDB rental....also in any eventuality at least i still have my HDB to go back to if market crash or whatever..i can stay my HDB rent out my landed.....worse case scenario if PUSH comes to shove and the need arises i can sell my HDB...lastly my HDB sits along upper east coast next to TEMASEK pri i have a GUT feeling that the ERL might plant a MRT station at my door step...sigh and last last lastly...like my wife always says my HDB flat is where my children were born....sigh...so sentimentally/financially/spiritually.. ...must keep my HDB la....Originally Posted by buttercarp
yup thats the SAD reality...Originally Posted by bullman
In today's market, we are buying at peakish price, despite the 10-20% firesale discount that one may be able to sniff out. The risk is definitely higher than buying in the 2008-2009 period, especially the landed market.Originally Posted by devilplate
My pocket not is as deep as yours bro. Anyway, the time to over-leverage is long gone, 3Q 2008 to 2Q2009 was the golden period. Currently practicing consolidation.
i actually looking at KEW.. ....MORE specifically this ONE....Originally Posted by howgozit
http://www.propertyguru.com.sg/listi...-sale-kew-walk
so NOW you all know why...
thats exactly how i feel from PC to rented landed currently thought of go back to PC..damm sianzzzzOriginally Posted by land118
Den u climb up and down in the hse not sian meh?Originally Posted by radha08
Oh it is so beautiful!Originally Posted by radha08
I thought I saw this ad a few months ago and it was going for more than 2 mil?
Is this house more than 10 years old? If it is, then you should think hard about buying it. It may need some repairs here and there, espcially with plumbing and water proofing.
wah lao.. 99lh...
but i like the high ceiling!
Since you are buying for own stay, the considerations are quite different. It certainly is a beautiful house.Originally Posted by radha08
However consider this, at $2m if its the original owner I think he lost money, if I am not wrong the Kew semi-ds were going for $2.5m or more in '95 or '96. Going forward I am not sure about the price trajectory.
Good luck and happy house hunting!
You renting landed meh?Originally Posted by radha08
Yup mistake should have just rented apt so i dunno the landed feeling...Originally Posted by latour
Originally Posted by howgozit
I check pass 2 years caveats price plus minus 2 mil so i thinking not so
Bad...
Actually i more worried about wifi signal no signal how to comeOriginally Posted by devilplate
Forum tcss....
I was once thinking along the same line for a FH landed, finally decided to keep HDB for rental since its two blocks away from MRT station. In the mind still thinking of a FH/999 landed, but no to LH99 and clustered houses.Originally Posted by radha08
Its actually a muslim house so i guess pretty ok cos our muslimOriginally Posted by buttercarp
Bros well known to take care of their stuff anyway c how maybe
Tis weekend go look c...
Swee, beautiful... nice.Originally Posted by radha08
their 99lease starting from?Originally Posted by radha08
like it jus buy lor.....only live once....$$ is secondary
20-30yrs later, ur kids may say y dad buy a 99LH landed last time?
Is LH landed that bad? at least no maintenance fee as compared to condo right? For retirement, is it still worth it to buy FH landed if one has no kids to pass the property on to?
let say oredi half dead wif no kids...just go for rental la....heheheOriginally Posted by bigapplefan
Or check myself into nursing home..Originally Posted by devilplate
Sigh haha
If you are looking for space and buying for own stay and not really thinking about selling for a gain or investment value then by all means indulge in one.Originally Posted by bigapplefan
BUT if you want to have a piece of land to call your own and pass down for generations to come with potential for upside, then go for FH or 999 yrs.
For 99LH, the value drops very fast once it has less than 70 yrs left. Banks also are less keen to lend when the property reaches that threshold. The value really plummets exponentially as the property ages.. The probability of gahment reclaiming the land and not renewing the lease is much higher than say a large condo devpt. Its worse if the lease is given by a private entity (FE for e.g.) You can be sure that they will reclaim the land for sure.
Here's an example of a landed with only 9 yrs lease left. Price??? $358psf
http://www.propertyguru.com.sg/listi...ang-kallang-bo
Last edited by proper-t; 30-03-12 at 16:09.
True la, why would private developer top up the lease..Originally Posted by proper-t
Ahha apparently u can cable connect more than 1 router in serial.. That way u have 1 Internet plan but can have many stable hot spots in ur house.Originally Posted by radha08
i think thats about the time to buy paper house for me...Originally Posted by devilplate