Frankly i am curious what would happen when interest raise in 2 yrs time in 2014. say go back to 3-4%.. how many people can sustain such interest payment.
When the tide goes out... how many naked people will be exposed?
Senior
Frankly i am curious what would happen when interest raise in 2 yrs time in 2014. say go back to 3-4%.. how many people can sustain such interest payment.
When the tide goes out... how many naked people will be exposed?
Junior
this other scenario may happen too. with so many units in the market, there will bound to be banks that lose market share and some that want to gain market share. what happens? tada, loan packages with competitive interest rates. unless you are saying that all banks gang up to form a cartel to control interest ratesOriginally Posted by minority
Frankly i am curious what would happen when interest raise in 2 yrs time in 2014. say go back to 3-4%.. how many people can sustain such interest payment.
When the tide goes out... how many naked people will be exposed?
Divine
why not? with LTV @ 40% many of these buyers can holdFrankly i am curious what would happen when interest raise in 2 yrs time in 2014. say go back to 3-4%.. how many people can sustain such interest payment.
When the tide goes out... how many naked people will be exposed?
Junior
u know one day maybe he will be even grateful that "the agent persuaded me to sign" ...
to Shawn, as an agent, you should know the interest on this project was really huge. the other agent was not "lying" to say "there is a queue behind you". whether they are all "carrot heads" or not is not yet proven, but you can't really say the other agent "coerced" him. You've got to admit that was a very effective (or even standard ?) sales tactics from agents.
I know on day 1 the original Wee family bought several units. I dare not say they know nothing about this area.....
Senior
no need gang up lah.. FED raise interest all will follow. coz currently the loan margin is so low. in times of slow down less new loans upping interest rates improve margin. More quality loan less quantity is fine.
Senior
You sure many LTV 40%? many are 2nd prop with paid up HDB so no need 40% LTV. Plus all cheong new launch even need to pay 40% is pay later. when tide rolls out well they can hold.. sure sell HDB to pay up lor. whole family squeeze into a 500sqf MM. That what I call quality living.
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Actually hor, "developer own self buy few units" is also a sales tactic. That aside, I believe the more pragmatic reason is so that valuers will match the project asking price. They base valuation on most recent transacted pricing.u know one day maybe he will be even grateful that "the agent persuaded me to sign" ...
to Shawn, as an agent, you should know the interest on this project was really huge. the other agent was not "lying" to say "there is a queue behind you". whether they are all "carrot heads" or not is not yet proven, but you can't really say the other agent "coerced" him. You've got to admit that was a very effective (or even standard ?) sales tactics from agents.
I know on day 1 the original Wee family bought several units. I dare not say they know nothing about this area.....
Newbie
The bank's margin is independent of the sibor rate. The sibor may fluctuate but the bank's margin movement is aligned to the competitive marketplace. That said, banks prefer low sibor then they are able to dish out low quantum loans left, right and centre...like they do today!
Junior
oh u thought I'm referring to the UOL Wee & Co ? no no, I'm referring to the other Wee, the one who built and owns Lion City hotel. His family sold the site to UOL, and his family bought into this project on day 1.
Newbie
Correct. I heard bought one stack.
Newbie
Is this project a sold out yet? If so it would really be power! Sold out in a week!
Newbie
If not wrong they also own a row of bungalows along Thiam Siew Ave, which are being rented out.
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Oh I see! For sentimental value then in this case...
Senior
This project is over rated. Too near geylang. Quite a congested area. So don't see why people rush in. Going to be interesting to see if any people back out.
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That is one really very well kept row of houses!!!If not wrong they also own a row of bungalows along Thiam Siew Ave, which are being rented out.
Newbie
May be over rated but think many people see good rental value bec of mall, MRT and close to city. Some probably have businesses near by, and the so called Paya Lebar hub development. All these together come together and you get "almost sold out" within a week. Many here have predicted that.
Junior
I'll buy this over SH anytime. FH wins hands down already....
Newbie
I don't think FH or LH really matters in the short to medium term. More importantly is that KR residents can get accustomed to daily living in that environment. Its really not for everyone. No point FH if you are not accustomed or cannot adjust to the area.I'll buy this over SH anytime. FH wins hands down already....
Junior
I speaking from the view point of a long term investor. FH beat LH in the long run. No arguement on that.
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Your nick seemed to suggest otherwise....!!!!! LolI'll buy this over SH anytime. FH wins hands down already....
Newbie
Then this becomes a FH vs LH debate...not KR vs SH
Junior
My nick came 1st
Anyway, it's my personal choice.... FH over LH.... KR over SH... Nothing to debate over...
Newbie
heard last unit sold today.. ...........
Music of the night
WOW
Ride at your own risk !!!
Junior
So much for cooling property market!
Cheong ah! Huat ah!
Newbie
Yeah FULLY SOLD..confirm plus chop.
Newbie
Most forumers were spot on. Many have said KR will easily be sold out.
Most probably bought not for self stay but for rental.
Senior
sold out in a week? yoo hoo where's CM6??
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Yeah its amazing!!!!So much for cooling property market!
Cheong ah! Huat ah!
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Tomorrow is Thursday no? Maybe...sold out in a week? yoo hoo where's CM6??
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