Good time to get a condo now? Wat do you think?
Good time to get a condo now? Wat do you think?
Dont buy dont buy, wait for another 10 years. Just wait, in the mean time rent apartment can already
1. Private apartment any capital appreciation
e.g. my 2 Bedroom brought SGD 535,000 in Jun 2006, UOB valuation in Oct 2010 SGD 1,550,000.
2. Other than cash any CPF can use.
3. Property now is long term, call force saving and use other people money to help to pay down the mortgage.
Really? Wonder how did you manage to do that. Did you live on a shoestring budget to get enough savings to buy your 1st 2nd property many years ago? Or do you mean you had a high income but now that you have enough money so you have taken up a lesser paying job which is of interest to you?
Other then many petty arguments that keep recurring in many of the forum threads here, it makes me guilty to realize that many forumners have multiple properties with a lower income than me (if what they have declared is indeed true). Guilty cuz it would prob mean I could have done the same for myself if I had been more prudent in my spending on other stuffs
If you have money, not necessary go for condo. go for landed for capital appreciation. go for condo if you want rental yield. very different. I doubt you have seen some bought landed and just leave it vacant! you can say that they are silly, but they don't need the rental income.
and when is a good time? when u have money now till 1H 2015 is a good time.
Look at the economy, it is growing, but look at property price, it is in reverse direction. This happen because of policy, which can be altered anytime. If price drop because of external factors or financial crisis, then u should worry.
Therefore, if you don't buy during this period, if economy is still doing well next year beyond (especially everyone expect US and Europe economy to look up), then you have no chance...what do you think when everyone say interest rate should go up by end 2015? very obvious reason. Both US and Europe should do well barring any unforeseen circumstances...
why do you think those cooling measures are still there? what will happen if some are removed? I think you got the answer. don't buy now then when buy??
just my opinion, cheers...
Buying property is not like buying stock. the moment there is light at the end of the tunnel market sentiment change, prices will rise very quickly, desperate seller will suddenly become less desperate, and those good units will be withdrawn from the market because the table has turn.
IF you want to buy property, this is a good time to buy because there are very few buyer fighting for the same unit. When situation turn, rest assure that you will not be the one only buyer jumping in.
As the saying goes, dont time the market and dont expect to catch the bottom nor the peak because no one can.
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
I think I know how low price going to fall.
Price for my 2 Bedroom at Southbank should fall to SGD 535,000.
Price for my Terrasse should fall to SGD 1,305800.
Price for my 5 room HDB should be SGD 250,000.
When you know how the Bank create money from 1984 to 2014, you should also know how low price going to fall.
http://www.tradingeconomics.com/sing...oney-supply-m3