The Quartz @ Buangkok (99LH By Guocoland)

[Unregistered]

You gotta be joking. Even Hdb 5 room flats ie 3 b/r are already renting out for $1800 a month.So you are looking at around 3-3.5k a month for a new condo in this locality. Already condos like Blue Horizon in the West are fetching 3.5k for 2 b/r. In Jurong some 3b/r are rented out for 4k a month.

I hope what you said is true..Of cos I hope that it will go up higher..I'm just being realistic..

[Unregistered]

Rivervale Crest 3 BR around $2.5K. this is not the mrt mainline tho.

for the rental mkt, my personal opinion on TQ shouldn't be too high. There's not many industrial nor commercial building nearby. I guess the nearest will be tampines, pasier ris..in terms of mrt those are within the east west line..so having the NE line in TQ door step does not really appeal..perhaps with the exception of the australian international school. but then again, competion from chiltern park, chuan park, golden hill, armanda etc..

For West and Jurong..i supposed there are enough educational, medicals, industrial and Jurong Island with many expatriates..thus the demand for rental..

If you are correct then potential buyers should take this into account as capital values are very much tied to rental returns . So work out your sums & make sure that whatever you pay the returns on rental should be at least 3.5% minimum.

[Unregistered]

January saw a particularly low number of new leases, with just 1,474 transactions. District 10, the most popular district, suffered a 42.2 per cent drop to 203 transactions, compared with 351 a year earlier.

Other districts in the top five, including districts 15, 9, 14 and 16, saw transactions fall 39.2, 50, 19.8 and 43.2 per cent respectively.

Oh such a big fall for dist 10.

[bernard]

in actual fact, i think the higher the rental can fetch, the higher property tax we got to pay. and because i bought this unit for staying not renting out. I actually hope the rental can't fetch that high.

[Unregistered]

in actual fact, i think the higher the rental can fetch, the higher property tax we got to pay. and because i bought this unit for staying not renting out. I actually hope the rental can't fetch that high.

yes and no..ever wonder if you wanted to sell or upgrade later..ideally, good rental yields should provide a good bench marking on the property prices.

the master plan for the vacant land is critical. too many residentials in kovan, hougang, sengkang and punggol areas..thus making the rental bleak. high rise commercials, industrial or international educational institutions will be ideal for the property prices around the vicinity. I bought TQ with this gamble..tho went in early last year at a fairly good price. let's pray hard for the next plan going forward.

[Unregistered]

yes and no..ever wonder if you wanted to sell or upgrade later..ideally, good rental yields should provide a good bench marking on the property prices.

the master plan for the vacant land is critical. too many residentials in kovan, hougang, sengkang and punggol areas..thus making the rental bleak. high rise commercials, industrial or international educational institutions will be ideal for the property prices around the vicinity. I bought TQ with this gamble..tho went in early last year at a fairly good price. let's pray hard for the next plan going forward.

No need to gamble, sure win.... comfirm what you hope for will come true. Commen sense will tell, there are too many residentials already. All these people need to shop, eat, relax and so for....

[Unregistered]

No need to gamble, sure win.... comfirm what you hope for will come true. Commen sense will tell, there are too many residentials already. All these people need to shop, eat, relax and so for....

no what i meant was ..having food and shops will not increase the number of tenancy in the above areas..1 train station to compass point or hougang central with many food outlets..further down kovan even more small to medium size oulets...what i meant was offices and industrial buildings to lure expats that potential work around those offices/buildings/institutions etc etc..

[Happy 1st Home]

Dear all,

any idea how much will we be paying for our property tax???

before i buy this property, i only think of getting a house,
but later when i buy, i start to hear my dad say i need to set aside money for alot of other costs...

what is property tax?? for TQ, aga how much? yearly or month???
i only know of the maintainance fee that is around $200/mth.

plus my monthly installment to my housing loan.. wao stress sia ><

this is my 1st home... hehehe alot of things dont know. need help and advice from neighbours =)

[Unregistered]

no what i meant was ..having food and shops will not increase the number of tenancy in the above areas..1 train station to compass point or hougang central with many food outlets..further down kovan even more small to medium size oulets...what i meant was offices and industrial buildings to lure expats that potential work around those offices/buildings/institutions etc etc..

Just my personal opinion. I think TQ has its rental potential mainly becos of the MRT station. its only at most half hour down South to lots of offices....I am sure with the influx of foreigners I am sure the rental a bit outside town will be worth their consideration too. Just my one-cent thought.

[Unregistered]

April 8, 2008

Fewer home loans taken up as property market cools further

By Grace Ng, Finance Correspondent


THE number of home loans taken up has fallen sharply in recent months as the property market continues to contract.

Only 4,200 new home loans were approved in January, up about 13 per cent on the 3,722 in December but down 21 per cent from the peak of 5,319 last August.

The Credit Bureau of Singapore figures also show that 2,544 second mortgages were taken up in January, a 31 per cent drop from the high of 3,698, also last August.

'We expect the growth in new mortgages to slow further this year,' said Credit Bureau general manager Mark Rowley.

Inquiries for new home loans have also dropped, down to 8,923 in February, the lowest since April 2006.

Mr Gregory Chan, OCBC Bank's head of consumer secured lending, said: 'We have observed that property buyers are becoming more cautious in their purchase decisions.'

United Overseas Bank's (UOB's) head of loans, Mr Kevin Lam, said that 'in line with property sales transactions, our loan applications were slower in January and February' but there was 'a pick-up in market activity at the end of March'.

His counterpart at HSBC Singapore, Ms Alice Chia, said the bank has 'seen a reduction in applications for new home loans, which is reflective of sentiment towards the property market'.

THERE GOES THE PROPERTY MARKET....ILL, DEAD AND BURIED. REST IN PEACE.

[Unregistered]

Dear all,

any idea how much will we be paying for our property tax???

before i buy this property, i only think of getting a house,
but later when i buy, i start to hear my dad say i need to set aside money for alot of other costs...

what is property tax?? for TQ, aga how much? yearly or month???
i only know of the maintainance fee that is around $200/mth.

plus my monthly installment to my housing loan.. wao stress sia ><

this is my 1st home... hehehe alot of things dont know. need help and advice from neighbours =)

You can inquire via this website https://mytax.iras.gov.sg/ESVWeb/def...PTEVLListIntro

Property Tax is calculated based on a percentage (Tax rate) of the Annual Value (AV) of your property.
The Annual Value of your property is the estimated annual rent of your property, excluding the rent for furniture, fittings and service charge. The basis is the same for let-out, owner-occupied or vacant properties.
IRAS determines the Annual Value of the property by analysing rents of comparable properties.

Estimated rent of your property is $750 per month
Annual Value is: $750 x 12 = $9,000

The current tax rate is 10% per year. If you are staying in your own house (owner-occupied), the percentage is at a concessionary rate of 4% per year upon application.

Since April 1994, owners of owner-occupied residential properties have been receiving GST rebates, based on the AV of their properties.

Owners of owner-occupied residential properties will also be given Property Tax Rebates in 2008 and 2009, to help households with their living expenses. This rebate is capped at $100 or the property tax amount after deducting the GST rebate, whichever is lower.
Eg
Annual Value of your house is $9,000

Property Tax 4% x $9,000 = $360.00
Less GST rebate $ 50.00
Less Property Tax Rebate $100.00
Tax payable in 2008 $210.00

Summary
For owner-occupied residential properties tax at 4% less Property tax rebate capped at $100
(No GST rebate since our AV will be more than $10K)

[Unregistered]

NO SIGN OF THE SPECULATORS.....THEY ARE FINISHED!!! MAD RUSH AT THE EXITS....OTHERS PLEASE AVOID THE EXITS....SPECULATORS FLEEING...WATCH OUT FOR YOUR OWN SAFETY.

[Unregistered]

NO SIGN OF THE SPECULATORS.....THEY ARE FINISHED!!! MAD RUSH AT THE EXITS....OTHERS PLEASE AVOID THE EXITS....SPECULATORS FLEEING...WATCH OUT FOR YOUR OWN SAFETY.

Whatever... I just can't wait to move in.

[Unregistered]

Whatever... I just can't wait to move in.

Me too Wonder how long my reno will take..
Lightings, study room, baywindow, painting..
Hmm..thinking of changing the basin too...but a bit waste huh?

[Unregistered]

THERE GOES THE PROPERTY MARKET....ILL, DEAD AND BURIED. REST IN PEACE.

You dead cos' got no money to pay loan?
Nowaday people buy with cash, fewer loan, liao!

[Unregistered]

NO SIGN OF THE SPECULATORS.....THEY ARE FINISHED!!! MAD RUSH AT THE EXITS....OTHERS PLEASE AVOID THE EXITS....SPECULATORS FLEEING...WATCH OUT FOR YOUR OWN SAFETY.

Aiyah, maddog/tigersee, while you are dead, they are still safe and sound.

[Unregistered]

Published April 9, 2008

Private bankers upbeat despite credit crunch

By GENEVIEVE CUA


(SINGAPORE) The world may be mired in a credit crunch, economic slowdown and rocky stock markets. But bankers catering to the well-heeled in Asia expect growth almost akin to that of last year, as they hunker down to squeeze yet more productivity out of their relationship managers.

Credit Suisse managing director and head of private banking Marcel Kreis, for instance, says revenues and assets under management have been growing by 20-30 per cent annually. 'Our Asia Pacific private banking operations have been enjoying very strong momentum and this is expected to continue in the next two years, with the objective of doubling the Asian business.'

Merrill Lynch head of global wealth management (Asia Pacific) Rahul Malhotra says the bank saw growth of 30-40 per cent in assets last year. 'I would be surprised if we didn't see those numbers this year . . . There is growth overall in Asian economies. Even with what is happening in the US, inherently we will see growth come through.'

Private banks' relatively low penetration of Asian markets presents opportunities, says Tjun Tang, Boston Consulting Group director. BCG is currently compiling data for its annual wealth survey. 'We're seeing assets sitting in private banks of less than US$1 trillion. But household wealth across Asia comes to US$16 trillion . . . Many banks are growing 20-30 per cent a year. If the underlying wealth is growing at an 8 per cent rate, there must be an increasing penetration of services.'

Market volatility, however, could impact banks' revenue streams as a substantial proportion comprises income that is transactional in nature. 'In Asia, a lot of revenues are generated through private banks selling transactional products. Now that there is less of a single directional trend, one risk is that private banking income may decline or be less stable,' says Mr Tang.

Still, he expects margins in Asia to remain healthy. 'We're still fairly bullish on Asia despite compensation levels having gone up a lot. Pre-tax margins are still in good territory.'

On the hiring front, the appetite for junior bankers appears to have abated, but almost all the banks say they are on the lookout for mature bankers with a book of business.

Nick Hughes of Fox Partnership, which specialises in placing top-level hires in wealth management, says: 'A bank may suffer sub-prime woes. But if there is a strong banker talent, he or she is an asset, regardless of the current situation.' Banks, he adds, will demand more accountability.

The firm continues to work on a number of 'interesting' projects, which includes placing Asian bankers in posts in Switzerland, for instance, to serve Asia from Europe, as well as the reverse - the hiring of European bankers for Asia.

On investments, bank strategists continue to see opportunities in emerging markets, particularly the Middle East and Latin America, and selected Asian markets. JP Morgan Private Bank chief investment strategist Ivan Leung believes regional stock markets are 'excellent long- term investments'. He singles out Thailand and Taiwan, which have underperformed Asia ex-Japan for four years, but are at the start of a domestic turnaround. Singapore and Korea are cheap, he adds, 'but will likely require some patience'.

On a 12-month view, Deutsche Bank Private Wealth Management forecasts a return of 10-16 per cent for US equities; 8-13 per cent for Euroland; and a higher 10-17 per cent for Latin America and Asian equities due to higher growth and earnings.

Stop wasting your time on the forum. The forum will not make you rich.
Have a break. Let me buy you a cup of coffee.

- Your private banker

[Unregistered]

no what i meant was ..having food and shops will not increase the number of tenancy in the above areas..1 train station to compass point or hougang central with many food outlets..further down kovan even more small to medium size oulets...what i meant was offices and industrial buildings to lure expats that potential work around those offices/buildings/institutions etc etc..

Oh I see, you could be right, since there are so many food outlets and shopping mall around TQ; than having what you said could be a better option.

[Unregistered]

Me too Wonder how long my reno will take..
Lightings, study room, baywindow, painting..
Hmm..thinking of changing the basin too...but a bit waste huh?

No point talking about the prices go up and down in this forum. Unless you are buying those high end property which are mainly for investment, other wise it does not affect me at all. TQ are for the mass market, so most of us are buying to stay. Maybe all we need to do is to start saving now for a nice reno and furniture.

[Unregistered]

I am not going to wait any more for the price of TQ property to come down. I thing it will not come down forever after a long wait. I will rush to the shown room to sign one unit tomorrow from developer.

[Unregistered]

I am not going to wait any more for the price of TQ property to come down. I thing it will not come down forever after a long wait. I will rush to the shown room to sign one unit tomorrow from developer.

which unit will you be buying? What is the price now? I also want to buy one for myself.

[Unregistered]

I am not going to wait any more for the price of TQ property to come down. I thing it will not come down forever after a long wait. I will rush to the shown room to sign one unit tomorrow from developer.

Last time I also wait for another project which went up too high that I foresake it..
So really no point waiting..it will not come down..

[Unregistered]

when I go my unit in TQ. I wasn't even in Singapore. my girlfriend went to see and she love it. so we decided to buy it on the spot. that was last year November and only cost just over $500k. seriously... the more you wait, the higher it gets for now. see what just 6 months can do on the prices of TQ.

[Unregistered]

when I go my unit in TQ. I wasn't even in Singapore. my girlfriend went to see and she love it. so we decided to buy it on the spot. that was last year November and only cost just over $500k. seriously... the more you wait, the higher it gets for now. see what just 6 months can do on the prices of TQ.

You mean last year 2007 Nov? which unit and level u got?

[Bernard]

I got myself the 07 unit blk 63.

[Unregistered]

I got myself the 07 unit blk 63.

You mean 7th floor? Yours got afternoon sun?

[Unregistered]

I got myself the 07 unit blk 63.

WHen did you purchase it? last nov or 2006Nov? Its less than $600K? how big is the area?

[Unregistered]

You mean 7th floor? Yours got afternoon sun?

A little sun is actually good for the house, but not too much.

[Happy 1st Home]

Mmm... better dun reveal your floor area. haha cuz we'll all know who when we move in. =p

4 units 1 level.... very easy to identify =p

easlier to say out unit than floor.

1 floor 4 units.
1 stack of units 18 levels. lower chance =p hehehe

shhhh *wink*

[Unregistered]

Mmm... better dun reveal your floor area. haha cuz we'll all know who when we move in. =p

4 units 1 level.... very easy to identify =p

easlier to say out unit than floor.

1 floor 4 units.
1 stack of units 18 levels. lower chance =p hehehe

shhhh *wink*

Why worry!!!! is just your own thinking and comments. Nobody will fault you. You may sell your house before it TOP also.