70% of sky habitat snapped up in a day!

[teddybear]

The newly signed up newbie, Ringo33 must be having a trip in his life and come here to desperately search for ideas to make money.
Become aggressive when nobody care to teach him.

teddybear been getting all the KO blows recently. hope he will be strong enough to pull through this crisis.

[hyenergix]

Hi Ringo.... I also dunno how to do it with $10k.
But teddybear and amk are lau jiao in this forum.
I think they deserve some respect.

Possible for a very young and small family and something to do with the period when a new car was around $40k and $1 mil could get you a decent 3 bedroom FH/999LH condo. However with high inflation, that era is over. The full impact is not felt yet, but by probably end of this year when companies have no choice, they will pass on the cost to the customers. Imagine 20 years ago with $10k pm family income, what you can possibly do...

[buttercarp]

Possible for a very young and small family and something to do with the period when a new car was around $40k and $1 mil could get you a decent 3 bedroom FH/999LH condo. However with high inflation, that era is over. The full impact is not felt yet, but by probably end of this year when companies have no choice, they will pass on the cost to the customers. Imagine 20 years ago with $10k pm family income, what you can possibly do...

That's why when I was a little girl, I told my mommy that I will be a homemaker if my future husband earn 10k per month.

[hyenergix]

That's why when I was a little girl, I told my mommy that I will be a homemaker if my future husband earn 10k per month.

$10k pm is actually not much now...

[yowetan]

My household income is only 7k++, with meagre 2k+ rental income.

[hyenergix]

My household income is only 7k++, with meagre 2k+ rental income.

Like that still can wallow in self-pity... I have more respect for the ah mahs/ah pehs who try their best to survive by picking card boards or tin cans.

[phantom_opera]

My household income is only 7k++, with meagre 2k+ rental income.

Frankly speaking ... you have kpkb this for at least 20 times in this forum about your 10k income with outstanding car/mortgage.. what is wrong with you? ... 10k to get MM or 1+S to invest first lah .. why dream about landed or CCR 3br? At least Ringo admitted he can't afford 1.2m condo but you keep repeating your unrealistic dream here

[buttercarp]

$10k pm is actually not much now...

Agree..... hardly any savings left.
Especially for a family of 4 and a maid.
That's why if earn 10k per month with family, be happy with BTO.
Life will be much easier and happier.

[House]

i wan buy a big big house

[yowetan]

Frankly speaking ... you have kpkb this for at least 20 times in this forum about your 10k income with outstanding car/mortgage.. what is wrong with you? ... 10k to get MM or 1+S to invest first lah .. why dream about landed or CCR 3br? At least Ringo admitted he can't afford 1.2m condo but you keep repeating your unrealistic dream here

I do not have the mood to engage an argument with you.

This is an open forum, a public one as well. If you cannot accomodate my style of expressing, you could simply ignore.

Simple as 1, 2 and 3.

[phantom_opera]

i wan buy a big big house

And sing this song：

http://www.youtube.com/watch?v=IXSKCS--c3k

若是我有一百萬　一百萬　
我有一百萬　一世人就輕鬆

無講無人知　講到真歹勢　
吃甲彼呢大漢　擱不曾坐飛機
打拼彼多年　無車無厝擱無愛人　
看人娶某擱做生意　有錢擱有勢

若是我有一百萬　我要坐飛機　
我要遊世界HAWAII曬太陽　日本吃壽司

若是我有一百萬　我要買車買厝
山珍甲海味　啥人卡福氣來乎我做某

若是我有一百萬　一百萬　
若是你有欠用錢　開嘴免客氣

若是我有一百萬　我要坐飛機　
我要遊世界　義大利飲咖啡　路邊吃Spaghetti
若是我有一百萬　我要買車買厝
買店來收租　閒閒免做工　帶狗去散步

若是我有一百萬　一百萬　
若是你有欠用錢　開嘴免客氣
若是我有一百萬　一百萬　
十千八千拿去用　免還嘛無問題
若是我有一百萬　一百萬...

喂，朋友啊，你想一百萬真多啊

[teddybear]

$1m can't even afford a decent size 3BR OCR condo now!
The song lyric need to change to at least $10m..........................

And sing this song：

http://www.youtube.com/watch?v=IXSKCS--c3k

若是我有一百萬　一百萬　
我有一百萬　一世人就輕鬆

無講無人知　講到真歹勢　
吃甲彼呢大漢　擱不曾坐飛機
打拼彼多年　無車無厝擱無愛人　
看人娶某擱做生意　有錢擱有勢

若是我有一百萬　我要坐飛機　
我要遊世界HAWAII曬太陽　日本吃壽司

若是我有一百萬　我要買車買厝
山珍甲海味　啥人卡福氣來乎我做某

若是我有一百萬　一百萬　
若是你有欠用錢　開嘴免客氣

若是我有一百萬　我要坐飛機　
我要遊世界　義大利飲咖啡　路邊吃Spaghetti
若是我有一百萬　我要買車買厝
買店來收租　閒閒免做工　帶狗去散步

若是我有一百萬　一百萬　
若是你有欠用錢　開嘴免客氣
若是我有一百萬　一百萬　
十千八千拿去用　免還嘛無問題
若是我有一百萬　一百萬...

喂，朋友啊，你想一百萬真多啊

[House]

$1m can't even afford a decent size 3BR OCR condo now!
The song lyric need to change to at least $10m..........................

yalor......maybe phantom asking me to buy mm instead of big big house

[phantom_opera]

The last sentence of Sky Habit commercial is "Home Sweet Home" .. no money can buy you a home, a house is easier

[kane]

$1m can't even afford a decent size 3BR OCR condo now!
The song lyric need to change to at least $10m..........................

若是我有一千萬　一千萬。。。

[phantom_opera]

若是我有一千萬　一千萬。。。

若是我有一千萬　我要坐飛機　
if I have 10m, I wanna fly
我要遊世界　義大利飲咖啡　路邊吃Spaghetti
I will tour the world, drink coffee at Italy, roadside eat Spaghetti

若是我有一千萬　我要買車買厝
if I have 10m I want to buy big car big house
買店來收租　閒閒免做工　帶狗去散步
Get a shop and rent out, so free as to bring dog around

Buy Sky Habitat no need to think liao :-)

[House]

若是我有一千萬　我要坐飛機　
if I have 10m, I wanna fly
我要遊世界　義大利飲咖啡　路邊吃Spaghetti
I will tour the world, drink coffee at Italy, roadside eat Spaghetti

若是我有一千萬　我要買車買厝
if I have 10m I want to buy big car big house
買店來收租　閒閒免做工　帶狗去散步
Get a shop and rent out, so free as to bring dog around

Buy Sky Habitat no need to think liao :-)

forgot to mention - this song the $$$ refers to New Taiwan dollars hor.....

[azeoprop]

http://youtu.be/3EFP1P9Clq4

我想要有个家, 一个不需要华丽的地方.
在我疲倦的时候 我会想到它...

我想要有个家, 一个不需要多大的地方.
在我受惊吓的时候 我才不会害怕...

[FilthyRich]

Only applies to Singapore with crazy high SOL

[Condo Kaiser]

Hugely entertaining thread... keep it coming guys...

[phantom_opera]

Top executives at property companies have hinted that the Housing and Development Board (HDB) may soon stop releasing cash-over-valuation (COV) figures for resale flats.
...
In addition, the bosses of several property companies who attended a closed door meeting earlier this month quoted a senior housing board executive who expressed intentions to stop publishing COV figures.

=> kind of stupid right? How can hiding COV figures be a good move? It also shows that garmen is running out of idea to stop HDB resale price from moving up and the reality is it is still moving up

[teddybear]

Oh No! Think the song lyric need to change again to NT$200m!

forgot to mention - this song the $$$ refers to New Taiwan dollars hor.....

[teddybear]

They are really so stupid! Ban renting out of whole HDB flats will solve the problem! If caught, house confiscated and HDB buy back at 30% below valuation!

Top executives at property companies have hinted that the Housing and Development Board (HDB) may soon stop releasing cash-over-valuation (COV) figures for resale flats.
...
In addition, the bosses of several property companies who attended a closed door meeting earlier this month quoted a senior housing board executive who expressed intentions to stop publishing COV figures.

=> kind of stupid right? How can hiding COV figures be a good move? It also shows that garmen is running out of idea to stop HDB resale price from moving up and the reality is it is still moving up

[eng81157]

They are really so stupid! Ban renting out of whole HDB flats will solve the problem! If caught, house confiscated and HDB buy back at 30% below valuation!

after MOP can rent leh....how to ban? can only nab those that walk the tightrope by illegal subletting before their MOP is up.

heard from a friend there were some duxton units being confiscated due to illegal subletting.

[Laguna]

The game of COV

Month 1 : valuation (say $500,000) + COV ($50,000) = selling price $550,000

Month 2 : valuation ($550,000) + COV Say $20,000 = new selling price.

valuation is based on past transacted price most of the time.
So new transacted price is higher despite of lower COV.

[teddybear]

1) After MOP, can rent out rooms and not whole unit! This is to allow people who need money to get some income through rooms' rental but they still must stay in the HDB!
2) Those who buy private properties must sell HDB flats!
3) Before MOP, cannot even rent out rooms!

Don't forget, above 3 regulations were once in place before and resale HDB flat prices were very stable then. After they removed them, here comes the HDB flats' prices bubble! The reasons are very obvious!

after MOP can rent leh....how to ban? can only nab those that walk the tightrope by illegal subletting before their MOP is up.

heard from a friend there were some duxton units being confiscated due to illegal subletting.

[richwang]

The banks and HDB is already taking 10%-20% buffer for the loan.
Why do we need COV at all?
Just make valuation truelly reflect the market price and COV will be close to 0.

Thanks,
Richard

[eng81157]

1) After MOP, can rent out rooms and not whole unit! This is to allow people who need money to get some income through rooms' rental but they still must stay in the HDB!
2) Those who buy private properties must sell HDB flats!
3) Before MOP, cannot even rent out rooms!

Don't forget, above 3 regulations were once in place before and resale HDB flat prices were very stable then. After they removed them, here comes the HDB flats' prices bubble! The reasons are very obvious!

1. how do you actually enforce that they stay in the HDB (apart from random checks and occasional whistleblowing)? if you allow the renting of room/s, then it doesn't make a difference. e.g. claim they are living in there and purchase a PC somewhere else.
2. It is hard to enforce this legally. Any new legislation that comes into
effect cannot be applied retrospectively
3. before MOP, rooms can't even sub-let out without HDB's approval.

my take is - lower or stabilize land costs and fire the current Chief Valuer.

[Ringo33]

You r economic expert with zero knowledge of Singapore's GDP! Still need to teach you?

smearing to make yourself look smart?

perhaps you should tell others why you think I am an economic expert and I have zero knowledge of Singapore's GDP.

[Ringo33]

The newly signed up newbie, Ringo33 must be having a trip in his life and come here to desperately search for ideas to make money.
Become aggressive when nobody care to teach him.

Sound like a desperate man trying to quash his opponent by call him newbie. nope it should be newly signed up newbie.

Is this the best you could do?