Do you have the actual figure? I was told it was about 1 private for 4 HDB units. But the number was not used in the discussion.Originally Posted by 8kenshin
Do you have the actual figure? I was told it was about 1 private for 4 HDB units. But the number was not used in the discussion.Originally Posted by 8kenshin
I was just a bit surprised that analysis was being done when the numbers were off by 100%.Originally Posted by isaaclim
The most recent numbers are 838K owned HDB, 46K rental HDB and 241K landed property and private units.
The average houshold size is 3.4 for HDB (have not seen a figure for private), which is relatively high by world standards. The number has been declining with the slow decline of the three generation household.
How do you obtain those figures?
J-Dog, where do you obtain your figures?
It is so obvious J-Dog has made up the figures. What's surprising is how did you guys fall for it. I didn't know Singaporeans can be so stupid. Maybe the recession has made their brains stop working.Originally Posted by isaaclim
How on earth will 40,000 units be completed in 2009? Go and check up URA figures for heaven's sake whici are always on the high side.
Good pick-up
The premise that a bank CEO would call up an analyst to do this type of study is so unlikely, I didn't even bother to read the first line properly.
DTZ put out a report that actual completions of appoximately 45K units from now to 2013, implying about 20K worth of projects will be put on hold if they are right.
FWIW, I'm pretty sure prices will continue to come down but whether its the occasional firesale or across the whole market remains to be seen. I thing Ardomer <$1500 in 2009 is quite likely.... whether that goes to a property agent/bank insider or to the open market is the real question.
Originally Posted by 8kenshin
i agree that 40000 units are spread over a few years ...looking at past record ..on a bull property year ..we were only able to complete 15000 units in a year ... and on a low year, its 8000 units ...
not forgetting that there are so many project going on at one time .. plus developers slowing down ..making for use of the TOP allowable period..the actually number of completed units maybe alot lower ...in an afford to 'create' a shortage scenario ...thats my feeling
Cool... This thread was started with 100k of access.
After budget 2009, everything is reversed. Now we are going to face "Shortage"...
Great!!! Hurrah Budget 2009
i am not saying there will be a shortage, but that 40k units to be completed by 2009 is way too high ...Originally Posted by isaaclim
if you notice, in the past , every project, on its launch, always have the TOP 3-4 yrs but always complete in 2-2.5yrs...
now some project are stretching, using the full 3-4 yrs ...that to me is 'delaying' and if you have bought a unit at launch and expect to move in in 2 yrs time, then you may end up having to 'rent' some place first as the TOP can be 3yrs instead ...
I am sure you have more than 3 properties? yeah? otherwise they would not have capped you at 70%Originally Posted by focus
Mortgage Advisory and Brokering Services
http://www.cpcgonline.com
Would it be fair to say that, by 3rd Quarter 2009. There will be heaps of apartments/HDB available for sale in the market? The way I look at it, is how the hell could we justify such high prices in 2006/2007 when the average joe could barely afford a 600psf unit during 2005. Real income has not risen enough to justify the jump in property price. Obviously, the boom in prices can be attributed to speculation.
Even if it's 3 properties in prime district, the debt/equity ratio is at most 50% of my equity base.Originally Posted by Zeng Han Jun
They are restricting because my family is not working and no one have an income except the recurrent coupons/dividends from the investment portfolio. So I am flabberghasted that we are more credit worthy than most working professionals and yet those professionals can get 80% LTV?
The reason why I am trying to get as much loan as possible is because the money can be put to better use in stocks/bonds.
Any updates on this? How come the outlook was so bad?Originally Posted by J-Dog
None of it came true. The EndOriginally Posted by kingkong1984
One Amber owners wonch be very happy with youOriginally Posted by gfoo
Frightening movie.... akan datang.Originally Posted by dtrax
That writer 'J-Dog' had a castration ceremony after betting his 'little brother' on it. He won't appear again. Obviously, what he said is just to scare people and none materialized. Anybody who listened to him and waiting for that price some probably you already saw in the news - jumping in front of the MRT train, jumping from high-rise flats, found floating in the kallang river etc.
Originally Posted by kingkong1984
tats the best period in my whole life so far
Luckily you didn't listen to him although he appeared so 100% sure that property prices will crash below what he mentioned (with bankers backing him up as well)! Even without buying at the price he mentioned, if a person bought Ardmore II 2024 sqft at $1600 psf (transacted price at that time), he would be able to sell now at >=$2900 psf or a profit of COOL >=$2.63m !
Now even OCR also selling/sold at $1300 psf!
Originally Posted by devilplate
i once tracked that 1600psf ardmore II buyer. he sold at 1800 the next month or so hahaha.
Originally Posted by teddybear
Well... Never take advice blindly from forum.Originally Posted by teddybear
Thats why I always advocate posting facts for discussion.
Recently, I noted a disturbing trend. There are really many many developments obtaining TOP within the last 6-9 mths AND there are many many more going to obtain TOP within the next 6-9 mths. The billion dollar question is : Will the rental market be able to support this increase ?
Below are just some developments I notice in the above category.
Please feel free to add (or delete if I am incorrect) :
Lumiere (TOP)
One Shenton (going to TOP)
The Clift (going to TOP)
The Arte (TOP)
Dakota Residences (TOP)
Marina Bay Residences (TOP)
M21 (TOP)
Southbank (TOP)
Casa Fortuna (going to TOP)
St Thomas Suites (TOP)
Soleil (going to TOP)
Zedge (going to TOP)
Trillium (going to TOP)
Tribeca (TOP)
Sky @ Eleven (TOP)
The Linc (?? - The on along Newton Road) (going to TOP)
City Vista (someone help me here - TOP?)
The Marq (going to TOP) (but maybe this one is not relevant)
Orchard ION
Riverine
One Amber
Aalto
Latitude
I guess there are people here more familiar with the market and can double this list ?
For our factual discussion,
DKSG
how much is considered too much?
not easy to come up with a conclusion jus based on TOP units...
oversupply story is always there during gd times....
market gd, more enblocs, more units gona build, oversupply in future....
It is too hard to tell. Some think 5000 units TOP is a lot. But some think 5000 is under supply. You have to think about the demand factor. On average, it is 8000 units. But that is on average. Maybe recession 3000 units, boom 14,000 units. So no one can tell. I can only tell you STI is going up
I mean, look at the first post. Many agree. But what happened? Too hard to tell, too hard to predict.
Originally Posted by DKSG
That`s why you should invest your hard-earned money for condos which are located in area that have the demand in good time and bad time as well.
something like one just beside MRT or beside good school at least you beat other competitors. Location, Location, Location!!
At least this year is a riskier year to buy than last year. Govt did a good job with the timing of the cooling measures. At least if any fallout it's deferred and contained. I think it's about right time to let go in resale market. Pay increase more bonus
Depends. In FEb/Mar last year, it is seen risker. Not by me, but by banks and all the analysts. Why?
Now, analysts predict prices rise more slowly
Last year March, analysts predict 10% drop for 2009.
Originally Posted by Komo
8000 units is for brand new TOP? How about those existing condo units in the market that are also ready for offer too? Recently my company just renewed our lease for a 3 bedder in Queens. Previously was $4,800 pm. This year we got it renewed at $3,300 only. All we need to do is to tell the landlord that we are looking for somewhere else and she immediately chop her price without us even securing a place elsewhere first! What happens next is history.Originally Posted by Squall8888
lucky you that your landlord isn't tracking rental in the suburban market. a good HDB around queens probably can be tenanted for $2700. you can free security, pool and parking at $3300.
your gain, her loss.
Any idea what was the launch PSF price for Queens? I reckoned that the lady feels that even at 3,300 pm she still got some yield this is much better than letting it be empty while waiting for the next fish to be baited.Originally Posted by kane
Your landlord/landlady is not very property savvy. Maybe the revised rent is still able to cover her mortgage (low interest) and other miscellaneous fees.