Newbie
Rising Property Prices
Hi,
Everyone will agree with me that the property price is rising rapidly day by day. Is there any option to tackle it?? or it will continue as well? Please share your views and help people to make out the value of their money!
Have a great day!
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odisha property
probably not the only one
Another lame attempt at advertising. IGNoRE.
Newbie
Singapore property is rising b'cos of Liquidity inflation attributed to global QE2 /QE3 .. tonnes of printing money flooding market ..EuroZone crisis ...Originally Posted by Patra01
Singapore property is ever rising b'cos of our gahment positioning Singapore as financial hub, Casino hub, education hub, medical hub , free trade policy, liberal immigrany policy eg easier PR, Citizenship - a global free city for elite and rich , no capital gain tax , polkcy that entice these people, policy that do not punished wealthy indulgence at the expense of welfare of local citizens.( i.e citizen absolutely zero protection, look at trade union etc), Look at the Casino .. easy money laundering of PRC, Mymnana Junta etc
Singapore property is forever rising b'cos of the PERCEIVED DEmand small land vs NEED to accomodate 6.5 - 7 millions (2.5 to 3 millions of PR, quazi-Citizens), easy access and leaving ...
HOWEVER, like all thing in nature there WILL surely BE a TURNING PT when the above policy are changed and reverse ... like when there is a change (hike) in Interest rate ..a global mkt crisis like 2009 ... change Gahment in 2016/2021 etc
The easy Dilemma is for those already in (long time ago > 5 to 10 yrs) .. When When .. waiting to cash out if need to ..
The damn perplexing dilemma for those not in yet is "Should I ever get in - in view of the global uncertainty ..."
BUT the most worrying Dilemma is for those just hopping on-board is "Did I get it right .. Did I overcommit .. at right psf .. at right location and those with MM uniit ?? future rental /Resale value/ CMxx " and "Will I ever get out safely if ever I need to get out ??"
Like those in trading futures, No one can be more certain than yourself ..make sure can cut-loss or else look for better safety option to park your real money (not borrowed money). Property is only a hedge against inflation at the beggining and not at the end .. especially in view of global uncertainty ... When in doubt Don't do anything No gain no loss ...
My simple view b'cos I am in the first case.
Senior
Another lame attempt at advertising. IGNoRE.
Office Boy
Office Boy agree. Lame.
Senior
bro easier if u just...
mutant powerpuff
Junior
property shld be sold and abandoned immediately once u sense that the people want to change the government.uncertainty is never good for property holding. full stop.
Junior
Ooops, ru a spy from the Govt?
Newbie
joker trying to sell india properties.....haiz
no chance lah
Newbie
Lamb, lamp, lend, lent, ...Another lame attempt at advertising. IGNoRE.
Junior
In my opinion u don't need to time your property purchase from the market movement. Market condition is too volatile in the short term. Whereas your purchase will take a lot longer term. As long that u are certain that in 10 years time your investment will beat inflation, the rest is a bonus. What is more important is our personal finances, location preferences and reputation of the developers. Even at today high price, if I have 50% in cash for the purchase, great location and great developer.... I will still buy. Great location will always pays off and great developers will ensure continuation of appreciation. Let the developer do the "goreng-goreng" for u, if u are the first one in. However, if u don't have enough buffer cash, can't find a good location and the developer is more nervouse than we are. Then, forget buying one at any market condition.
Newbie
Great developer? Does it matter 10-15 years down the road? As long location is good and property is well maintained and no known issues, who cares who developed it? Nowadays everyone uses sub standard materials, be it cars houses or phone. Things just aren't the same anymore.
Junior
What I mean is a small, under capitalised developer tend to get over anxious at selling when the market is down. So they are more likely to lower their prices. Whereas a big develeoper is more likely to maintain or increase their selling price no matter what the market conditions. Consider FEO who is known to be happy to carry unsold inventories even after the project is finished, rather than selling them cheap and spoilt the market.
Senior
Also can consider UOL, MCL going the opposite of FEO, sell cheap cheap aiming for sold out.
I love UOL, Southbank! Southbank! , almost brought Waterbank but in the end brought Terrasse, like the france word sound, shiok to hear and read.
Last edited by Arcachon; 07-06-12 at 01:02.
Newbie
Property prices ever since day 1 when singapore becomes independant has always been rising amidst short term fluctuations. So what makes u think it will not rise further? Unless doomsday is approaching? 31 Dec 2012? World war 3?
Senior
U have forgotten the terrible SARS period. Several people had to sacrifice their lives to save the rest. V hard to know when infectious diseases strike in densely populated city-state like ours.
Senior
One thread reads, 'Rising property prices' while another reads 'Property price is coming down fast'...
Newbie
hahaha...he is eyeing the Indian PRs who are being priced out here by the ABSD.....maybe just the ABSD amount for a typical $1M alone can get a decent property back home in India.
look here: http://www.orimarkproperties.com/
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