2013 PropNex 1QC - CEO Address

[Arcachon]

Published on 10 Jun 2013

https://www.youtube.com/watch?v=W6XyvtfYA8Y


Huat Ah.......

[ysyap]

Published on 10 Jun 2013

https://www.youtube.com/watch?v=W6XyvtfYA8Y


Huat Ah.......

Why huat? 2 hour seminar I can't finish watching. Can you highlight which part is huat ah!

[radha08]

Why huat? 2 hour seminar I can't finish watching. Can you highlight which part is huat ah!

when ceo of a property AGENT company talk will he say mkt going to crash..

[TheOnlyGayInTheVillage]

To learn how to make agents work better and according to the way you want, it is useful to know what kind of rhetoric they are being fed.

[princess_morbucks]

Thanks TS for the youtube link.

Lol...I paid $10 for this seminar but totally forgot about it!
Now then I suddenly realized it.

[princess_morbucks]

Hi Arcachon, the youtube link you posted is his address to his agents.
Do you have the link of his seminar to the consumer?
It was also on the 30 May but at a later time(7:30pm).
TIA.

[Arcachon]

https://www.youtube.com/user/PropNexRealty/videos

[princess_morbucks]

After watching the seminar , here's a summary :

Here's what I gathered from the talk

ABSD will not be tweaked this year, but will be in the future.
Aims of the government is to take care of the lower tier income group, affordable housing for all and sustainable growth for the private property.

Capital appreciation will be higher for FH resale units when the market moves, in comparison to newly launched higher priced 99y LH units in the same district.

Why resale unit is better than newly launched property :

1. Higher rental returns
2. Lower ABSD
3. Higher savings on the loan interest
- resale can lock in eg for a period of 3- 5years, and loan fully disbursed from the start, whereas newly launched project, loan not fully disbursed but progressively, and by the time TOP, the locked in period is likely to be over and the higher interest rate kicks in when the full loan is disbursed.

The % of PRs buying CCR, RCR, OCR are increasing, ie PRs are increasing in the market share.

More PRs and foreigners are buying into OCR.
Reason for PR : restrictions on HDB - cannot let out HDB if have pte property whether local or in their homeland.

Transaction of HDB resale is all time low in the last 16 years.
HDB median COV dipping and it will come down more.
Conclusion : not worth holding on to HDB
There has been an increase of 101% HDB resale price from the last 6 years.
But the next 3 years, it may even be negative. compared to today's price.

HDB resale transaction
5Rm and EC are dipping.
3rm and 4 rm are increasing.
Reason : MSR (mortgage servicing ratio) is the limiting factor.

EC - loophole for HDB upgrader
those who bought today, can expect to make 250k to 500k when they sell it in the open market in the future.

HDB BTO upgrader to BTO need to pay levy.
HDb upgrader to EC no need to pay levy.

[TheOnlyGayInTheVillage]

It is obvious Mr Ismail is encouraging owners to sell off their HDB.

Propnex is highest transactor of hdb resale from day 1.

[ysyap]

After watching the seminar , here's a summary :

Here's what I gathered from the talk

ABSD will not be tweaked this year, but will be in the future.
Aims of the government is to take care of the lower tier income group, affordable housing for all and sustainable growth for the private property.

Capital appreciation will be higher for FH resale units when the market moves, in comparison to newly launched higher priced 99y LH units in the same district.

Why resale unit is better than newly launched property :

1. Higher rental returns
2. Lower ABSD
3. Higher savings on the loan interest
- resale can lock in eg for a period of 3- 5years, and loan fully disbursed from the start, whereas newly launched project, loan not fully disbursed but progressively, and by the time TOP, the locked in period is likely to be over and the higher interest rate kicks in when the full loan is disbursed.

The % of PRs buying CCR, RCR, OCR are increasing, ie PRs are increasing in the market share.

More PRs and foreigners are buying into OCR.
Reason for PR : restrictions on HDB - cannot let out HDB if have pte property whether local or in their homeland.

Transaction of HDB resale is all time low in the last 16 years.
HDB median COV dipping and it will come down more.
Conclusion : not worth holding on to HDB
There has been an increase of 101% HDB resale price from the last 6 years.
But the next 3 years, it may even be negative. compared to today's price.

HDB resale transaction
5Rm and EC are dipping.
3rm and 4 rm are increasing.
Reason : MSR (mortgage servicing ratio) is the limiting factor.

EC - loophole for HDB upgrader
those who bought today, can expect to make 250k to 500k when they sell it in the open market in the future.

HDB BTO upgrader to BTO need to pay levy.
HDb upgrader to EC no need to pay levy.

Thank you for your summary... I'll probably watch the youtube video when I have 2 hours to spare. Anyway, noted that you mentioned he said its not good to hold on to HDB. Should sell it coz of negative impact over next 3 years and beyond. But what if HDB owners have no intention to sell HDB at all for next 10 years so the impact of next 3 years might not be felt. Just sit on rental yield?

[Arcachon]

Facts and Figures speak for itself. Empty talk will get you to where you started.

[TravieJackie]

So private is better than a resale HDB right?

Of course if can apply from govt direct is the best but if income above ceiling, private seems to be the better choice.

[radha08]

a good agent will tell seller now its time to sell and buyer now its time to buy

ceo of an agent company will tell the whole country do what u want just make sure u buy or u sell resale and hdb so i got business to do

[CondoWE]

a good agent will tell seller now its time to sell and buyer now its time to buy

ceo of an agent company will tell the whole country do what u want just make sure u buy or u sell resale and hdb so i got business to do

Whether buy or sell, either way..they win

[ysyap]

a good agent will tell seller now its time to sell and buyer now its time to buy

ceo of an agent company will tell the whole country do what u want just make sure u buy or u sell resale and hdb so i got business to do

To them, anytime is the best time to buy; anytime is also the best time to sell...

[penrosecondos]

To really know what's the market direction and sentiment, should go to the Property Agent Seminars that the company organises. Let the facts and numbers prove the point...

[Arcachon]

No need just need to see the crystal ball can already. Got a few very good in reading the crystal ball.