Page 1 of 2 12 LastLast
Results 1 to 10 of 16

Thread: Trouble ahead in the property market?

  1. #1
    Any complaints please PM me
    Join Date
    May 2006
    Posts
    8,129

    Default Trouble ahead in the property market?

    Jan 27, 2007

    INSIGHT

    Trouble ahead in the property market?

    By Lydia Lim, SENIOR POLITICAL CORRESPONDENT


    THE property market is starting to give off that scent of money once again.

    With prices shooting up at the luxury end of the market, talk that a small number of people have made paper gains worth millions of dollars is now making the rounds.

    Is speculative activity building up?

    Is another round of asset inflation on the cards?

    Will genuine buyers and would-be Housing Board upgraders see their dream homes priced out of their reach?

    These concerns are to be expected, given that most people still recall vividly the property bubble of the mid-1990s and the crash that followed.

    Senior Parliamentary Secretary Amy Khor says some people have asked her where the property market is headed this time.

    One aspect of the current boom that bears watching is the trend of diverging prices in the private and HDB markets.

    Private home prices rose 10.2 per cent last year - the fastest rate of increase since 1999. But HDB resale prices inched up by just 1.9 per cent.

    If the price gap between HDB and mass-market condominiums widens, this will affect young couples' ability to upgrade to private properties.

    In Singapore, property is perennially a political issue, tied up as it is with people's aspirations for the good life.

    Insight reports on the latest in the property market and whether the Government should step in or stay out.

  2. #2
    Ultimate Underdog
    Join Date
    May 2012
    Posts
    4,035

    Default

    From a long time ago, 11 years ago in 2007.

    Major learning opportunity here.


    Quote Originally Posted by mr funny View Post
    Jan 27, 2007

    INSIGHT

    Trouble ahead in the property market?

    By Lydia Lim, SENIOR POLITICAL CORRESPONDENT


    THE property market is starting to give off that scent of money once again.

    With prices shooting up at the luxury end of the market, talk that a small number of people have made paper gains worth millions of dollars is now making the rounds.

    Is speculative activity building up?

    Is another round of asset inflation on the cards?

    Will genuine buyers and would-be Housing Board upgraders see their dream homes priced out of their reach?

    These concerns are to be expected, given that most people still recall vividly the property bubble of the mid-1990s and the crash that followed.

    Senior Parliamentary Secretary Amy Khor says some people have asked her where the property market is headed this time.

    One aspect of the current boom that bears watching is the trend of diverging prices in the private and HDB markets.

    Private home prices rose 10.2 per cent last year - the fastest rate of increase since 1999. But HDB resale prices inched up by just 1.9 per cent.

    If the price gap between HDB and mass-market condominiums widens, this will affect young couples' ability to upgrade to private properties.

    In Singapore, property is perennially a political issue, tied up as it is with people's aspirations for the good life.

    Insight reports on the latest in the property market and whether the Government should step in or stay out.
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

  3. #3
    Senior Arcachon's Avatar
    Join Date
    Jun 2009
    Location
    Southbank
    Posts
    9,247

    Default

    Quote Originally Posted by Kelonguni View Post
    From a long time ago, 11 years ago in 2007.

    Major learning opportunity here.
    Sorry, correction Jun 2006 onward.

    Bought my for $535,000 cheaper than my 5 room HDB value in 2014.

    Time wait for No Man.

  4. #4
    Ultimate Underdog
    Join Date
    May 2012
    Posts
    4,035

    Default

    The article is from 2007 mah when properties have just started to rise and people were complaining of rising prices.

    In 2006, it was in the doldrums. Nobody was thinking to buy despite huge stocks and low low prices. I just started work and income was a third of today.

    Quote Originally Posted by Arcachon View Post
    Sorry, correction Jun 2006 onward.

    Bought my for $535,000 cheaper than my 5 room HDB value in 2014.

    Time wait for No Man.
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

  5. #5
    Senior
    Join Date
    Jun 2009
    Posts
    5,675

    Default

    During those times unit sizes:
    2 bedroom was 900 to 1200sqft
    3 bedroom was 1200 to 1500sqft
    4 bedroom was over 1500sqft

    Nowadays all shrunk and HDB 4 and 5 room flats seems more spacious ha ha.

  6. #6
    Global recession is coming.... teddybear's Avatar
    Join Date
    Mar 2009
    Posts
    10,800

    Default

    Now HDB flats also shrunk badly!
    4 room HDB flat only 900+ sqft,
    5 room HDB flat only 1100 or less sqft.

    Quote Originally Posted by azeoprop View Post
    During those times unit sizes:
    2 bedroom was 900 to 1200sqft
    3 bedroom was 1200 to 1500sqft
    4 bedroom was over 1500sqft

    Nowadays all shrunk and HDB 4 and 5 room flats seems more spacious ha ha.

  7. #7
    Senior Arcachon's Avatar
    Join Date
    Jun 2009
    Location
    Southbank
    Posts
    9,247

    Default

    Quote Originally Posted by azeoprop View Post
    During those times unit sizes:
    2 bedroom was 900 to 1200sqft
    3 bedroom was 1200 to 1500sqft
    4 bedroom was over 1500sqft

    Nowadays all shrunk and HDB 4 and 5 room flats seems more spacious ha ha.
    HDB did not shrunk, 4 and 5 room HDB are the normal size now, old days they have NG, I, A and Jumbo.

  8. #8
    Senior Arcachon's Avatar
    Join Date
    Jun 2009
    Location
    Southbank
    Posts
    9,247

    Default

    Quote Originally Posted by azeoprop View Post
    During those times unit sizes:
    2 bedroom was 900 to 1200sqft
    3 bedroom was 1200 to 1500sqft
    4 bedroom was over 1500sqft

    Nowadays all shrunk and HDB 4 and 5 room flats seems more spacious ha ha.
    HDB did not shrunk, 4 and 5 room HDB are the normal size now, old days they have NG, I, A and Jumbo.

    Mine is 5 room I model 126 sqm bought at $225,600 + 10%, my first HDB is 4 room A model 110 sqm bought at $81,300 sold $285,000 profit $180,000.

  9. #9
    Newbie
    Join Date
    Jul 2014
    Posts
    21

    Default

    Quote Originally Posted by Arcachon View Post
    HDB did not shrunk, 4 and 5 room HDB are the normal size now, old days they have NG, I, A and Jumbo.

    Mine is 5 room I model 126 sqm bought at $225,600 + 10%, my first HDB is 4 room A model 110 sqm bought at $81,300 sold $285,000 profit $180,000.
    Are you reading properly? What " HDB did not shrunk"!!
    HDB 5 Room I built in the 90s was from 121 to 128sqm. Now all HDB 5 Room averages 110 sqm.

  10. #10
    Global recession is coming.... teddybear's Avatar
    Join Date
    Mar 2009
    Posts
    10,800

    Default

    Indeed!
    Last time I heard is that the 5room HDB flats built 10 years ago in Sengkang is only 1100 sqft , even smaller than the older 4A HDB flat!
    Not sure what is the size of 5room HDB flats and 4room HDB flats now that they are building in new estates like Bidadari?

    Quote Originally Posted by otansg View Post
    Are you reading properly? What " HDB did not shrunk"!!
    HDB 5 Room I built in the 90s was from 121 to 128sqm. Now all HDB 5 Room averages 110 sqm.

Page 1 of 2 12 LastLast

Similar Threads

  1. Few policy changes ahead but Sers, co-living to excite the market
    By reporter2 in forum Singapore Private Condominium Property Discussion and News
    Replies: 0
    -: 03-01-20, 14:29
  2. Property curbs: Ahead of the curve but too much?
    By reporter2 in forum Singapore Private Condominium Property Discussion and News
    Replies: 0
    -: 07-07-18, 10:29
  3. Soft market ahead for most developers
    By reporter2 in forum HDB, EC, commercial and industrial property discussion
    Replies: 0
    -: 02-01-15, 16:12
  4. Singapore property a look ahead to 2013
    By Laguna in forum Singapore Private Condominium Property Discussion and News
    Replies: 28
    -: 06-11-12, 19:36
  5. Standard Chartered moves ahead in booming market
    By ahlahdin in forum Finance and Legal
    Replies: 0
    -: 21-05-07, 14:20

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •