Property market sentiments?

[xtink]

i think the bull run is quite real... everywhere seems to be giving good forecast now....even GDP up.

I guess the run will continue ...2 reasons (1) fear of missing it (2) IR on its way soon....if mkt is bullish now, then there is little reason ecomony will be worst off in 3 years...

[Honesty]

i think the bull run is quite real... everywhere seems to be giving good forecast now....even GDP up.

I guess the run will continue ...2 reasons (1) fear of missing it (2) IR on its way soon....if mkt is bullish now, then there is little reason ecomony will be worst off in 3 years...

Is this a real bull run???

Think again!!!!

How much we need to pay for our housing loan per month???

What is our nett pay???

In genenal, If most people can afford $4,000 to $5,000 per month for housing loan, than is a real bull run.

Job security + Pay rise + Good fundamental on econonmy = BULL RUN

[teddybear]

Sure, bull run already lah! See, so many people already can afford HDB flats and even fresh graduates can afford condos (not to mention HDB flats) - nobody seems troubled about the worst economic recession since 2nd world war judging by the hot property sales means they have no worry about jobs or anything. Talk about private properties and these are only meant for the top 15% earners and foreigners, the rest of 85% can easily afford HDB right?

Is this a real bull run???

Think again!!!!

How much we need to pay for our housing loan per month???

What is our nett pay???

In genenal, If most people can afford $4,000 to $5,000 per month for housing loan, than is a real bull run.

Job security + Pay rise + Good fundamental on econonmy = BULL RUN

[Regulators]

best is be ur own boss n gv urself pay raise. i have to start giving myself a payrise soon...haha...truth is i never actually calculate my pay for the past 8yrs so long as i have 6 digits to bank in untouchd every mth.

Is this a real bull run???

Think again!!!!

How much we need to pay for our housing loan per month???

What is our nett pay???

In genenal, If most people can afford $4,000 to $5,000 per month for housing loan, than is a real bull run.

Job security + Pay rise + Good fundamental on econonmy = BULL RUN

[Regulators]

sorry lah how can i earn mre than PAP MP, i earn only 5digits a mth lah.

[vin002]

Market has gone thru the roof. Apparently landed ppty prices also up. Buyers are biting even though prices up 20% in 3 months. Now it's not about greed. It's about fear of losing out on the bull run. Especially for owner occupied ppty. But I don't blame the buyers. Many of them needed to buy but have been waiting and waiting. Now all jumping in unison.

I agree, too many waited and missed the boat earlier on. All have 2003 in mind while now is already 2009.

[vin002]

Is this a real bull run???

Think again!!!!

How much we need to pay for our housing loan per month???

What is our nett pay???

In genenal, If most people can afford $4,000 to $5,000 per month for housing loan, than is a real bull run.

Job security + Pay rise + Good fundamental on econonmy = BULL RUN

If you are talking about mass market property, a lot of people can still afford. A working couple will have about $2000 cpf to contribute for monthly installment. The excess will be via cash if necessary.

If you are talking about affording $4000 to $5000 per month for housing loan, this is usually high ended property where the rich can afford. Why they are call rich? It is for you to understand now why they can still afford under current uncertain economy situation.

This is totally different league and mentality.

[proud owner]

If you are talking about mass market property, a lot of people can still afford. A working couple will have about $2000 cpf to contribute for monthly installment. The excess will be via cash if necessary.

If you are talking about affording $4000 to $5000 per month for housing loan, this is usually high ended property where the rich can afford. Why they are call rich? It is for you to understand now why they can still afford under current uncertain economy situation.

This is totally different league and mentality.

is River gate high end ?
is Park Infinia ( newton area) high end ?
is a 2000 sqft unit in pasir panjang ..at 750 psf ..will be over 1.5 mio ..79 pct will alrady over 1 mio ..i believe last year a clementiwood unit LH 3000 sqft was sold at 600 over psf ..thats 1.8 mio
is it high end project ?

these projexts the mortgages are easily 5k a mth

so long as your loan amount is over 1 mio .. its easily 4k a mth ..

u think the really rich will buy Clementiwood ? or anything in PAsir panjang ?

[SL]

There are many many people who can afford 4-5k monthly payment.. it does not take a lot to make that much for a graduate after working for 4 years. If a couple can each make that money, then it is really simple for cough out that sum per month.

[cheerful]

There are many many people who can afford 4-5k monthly payment.. it does not take a lot to make that much for a graduate after working for 4 years. If a couple can each make that money, then it is really simple for cough out that sum per month.

Guess that also depends on the professional lah .. it's really genralization leh .... 4-5K monthly installment not exactly a small sum though maybe also not big for others ....

[jitkiat]

Guess that also depends on the professional lah .. it's really genralization leh .... 4-5K monthly installment not exactly a small sum though maybe also not big for others ....

Mr Cheerful is right. One couple I know, husband in audit, wife in insurance fund mgmt, worked for about 8 years, last year bought a semi-D in East Coast. Also in IT sector, if you don't mind working everyday till 9/10pm, your monthly salary can be very high after 3/4 years until you cannot buy new HDB. Certain sectors like electronics/manufacturing are not so good.

[dtrax]

Mr Cheerful is right. One couple I know, husband in audit, wife in insurance fund mgmt, worked for about 8 years, last year bought a semi-D in East Coast. Also in IT sector, if you don't mind working everyday till 9/10pm, your monthly salary can be very high after 3/4 years until you cannot buy new HDB. Certain sectors like electronics/manufacturing are not so good.

lol its called work-life balance... earn so much and slog day n nite, of cse surplus money muz pamper with better living standards

[vin002]

u think the really rich will buy Clementiwood ? or anything in PAsir panjang ?

Why not? Although I do agree that the super rich may not. But I am referring to is as long as you can afford $1m property, you are consider rich. Otherwise, how are you going to service your property.

I do agree that not many people can afford but that doesn't equate to only few can.

[forte]

There are many many people who can afford 4-5k monthly payment.. it does not take a lot to make that much for a graduate after working for 4 years. If a couple can each make that money, then it is really simple for cough out that sum per month.

I believe currently demand are really driven by the upgraders for those mass market project. Most probably already fully paid up their HDB which on resale may worth 300-400k. So even for a $1MM project after the initial 20% and selling their HDB only need a loan of $400k...should be pretty affordably for a dual income couple

[dtrax]

Why not? Although I do agree that the super rich may not. But I am referring to is as long as you can afford $1m property, you are consider rich. Otherwise, how are you going to service your property.

I do agree that not many people can afford but that doesn't equate to only few can.

ya you are generalizing... buyer profiles are not always the same. My mom's frend stay in landed @ 6th ave oso bot a 3bedder at balmeg

[Regulators]

Balmeg beside 18 gates of hell????

ya you are generalizing... buyer profiles are not always the same. My mom's frend stay in landed @ 6th ave oso bot a 3bedder at balmeg

[focus]

ya you are generalizing... buyer profiles are not always the same. My mom's frend stay in landed @ 6th ave oso bot a 3bedder at balmeg

And someone in HDB can be buying a Sail@Marina for investment..


So dont generalized!

[Regulators]

i know an auntie who used to rent a hdb flat who bought the sail as a first owner....

And someone in HDB can be buying a Sail@Marina for investment..


So dont generalized!

[dtrax]

i know an auntie who used to rent a hdb flat who bought the sail as a first owner....

no wonder i see aunties when i was @ the sail..kekeke

[jitkiat]

We should be thankful. The SP500 narrowly escaped the threat of bear. First of all, it rebounded off the all important 200day moving average. Secondly, it escaped the dreaded "head & shoulder pattern". Thirdly, the 3 day advance cut through the temporary downtrend. Goldman Sachs, Intel & Whitney saved the days. With this sudden reversal, we are back to testing the strong resistance at 946. The soon-to-occur golden cross (100d MA line above 200d MA line) will definitely help in overall sentiment to test the 946 again.

[wqmai]

We should be thankful. The SP500 narrowly escaped the threat of bear. First of all, it rebounded off the all important 200day moving average. Secondly, it escaped the dreaded "head & shoulder pattern". Thirdly, the 3 day advance cut through the temporary downtrend. Goldman Sachs, Intel & Whitney saved the days. With this sudden reversal, we are back to testing the strong resistance at 946. The soon-to-occur golden cross (100d MA line above 200d MA line) will definitely help in overall sentiment to test the 946 again.

Very good. My target is to starting shorting S&P at 1550.

[ocoloco79]

hi, so should we buy now or next year will be a better year to buy?

[wqmai]

hi, so should we buy now or next year will be a better year to buy?

Buy what???

[proud owner]

hi, so should we buy now or next year will be a better year to buy?

one morning in nov 2005 .. i woke up ..with a strange urge to buy property ..

i started looking ..very actively .. studying location, growth in that area, price, size, psf etc etc and most importantly .. how much $$ i have , cash, CPF, credit standing..

in march 2006, on my birthday, i bought a PH 2300 sqft ... at 1mio

in june 2006, i bought a 10 yr old terrace ..tored it down and rebuild to a brand new model house..

both properties i took a loan ..wasnt very good rate at that time 3.66 pct ..

fortunately and very quickly ..prices started to soar .. in 2008 ..my neighbour's terrace was sold ..at 2 mio .. original 11 yr old house ..
i know how much my brand new house is worth ..

in 2008 i had an offer to buy over my PH with a very decent profit..about 800k ..but i wanted to keep it..cos my wife loved it .. for its size and lay out ..

i sold my existing condo which i have lived in for 7 yrs ..and moved into the hosue .. was able to let go above what i purchased in 1997, TOP 1999 ... lucky

when i got news of my posting to NY in 2009 .. i felt i could not manage renting out a house and a condo with no one here to manage it ..

so we decided to sell the PH .. the price had fallen ..to only 500k profit ..

well ..its still a profit ..

the house has been rented out ..at a very good price ..2 yr contract ..at over 6 pct yield ..


on hind sight .. if i sell my PH now, it would be a better profit ..

the fact is ..prices in spore now has gone so crazy ..they are as expensive as in Manhattan ..which doesnt make sense to me at all ..

we feel its better for us to buy something here instead ..while prices as still falling ..


my take is ...
if you can afford , and if you like it .. then BUY .. IF ever you have doubts, STAY OUT ...

[gfoo]

wah lau your pattern quite similar to mine leh. hey i'm eyeing a unit at river road just off the turnpike, with views of the mh skyline - abt 2 yrs old, usd350psf. is that locale any good?

[proud owner]

wah lau your pattern quite similar to mine leh. hey i'm eyeing a unit at river road just off the turnpike, with views of the mh skyline - abt 2 yrs old, usd350psf. is that locale any good?

on roosevelt island ?

transport not very conveinet leh

Upp east (UE) used to be the prime favorites.. not anymore

midtown west, clinton, chelsea, greenwich ...very popular now

and the main metro lines all on this side of manhattan

brooklyn a few new projects coming up ..really nice ..and direct train into town

[Property_Owner]

in 2008 i had an offer to buy over my PH with a very decent profit..about 800k ..but i wanted to keep it..cos my wife loved it .. for its size and lay out ..

so we decided to sell the PH .. the price had fallen ..to only 500k profit ..

well ..its still a profit ..

on hind sight .. if i sell my PH now, it would be a better profit ..

the fact is ..prices in spore now has gone so crazy ..they are as expensive as in Manhattan ..which doesnt make sense to me at all ..

Proud, ask you. You mention prices here is crazy. So as a buyer for e PH you will feel prices too high, seller is crazy asking too much right?
but as a seller why care so much, as long as make GOOD profit and buyer willing to pay I sell. If not just rent out or hold.

So to me it's where are you staying at. As a buyer's postion or seller's.

[proud owner]

Proud, ask you. You mention prices here is crazy. So as a buyer for e PH you will feel prices too high, seller is crazy asking too much right?
but as a seller why care so much, as long as make GOOD profit and buyer willing to pay I sell. If not just rent out or hold.

So to me it's where are you staying at. As a buyer's postion or seller's.

i am comparing city to city
spore is not yet a cosmopolitan .. yet prices is almost the same as NY Manhattan ..
theres so much more diversity here ..so much more to offer ..
more than a Durian theatre, more than a copied Singapore Flyer, more than a casino, ..
the Metro here maybe old, but its very efficient.. libraries, museums .. plays, concerts, this is a true cosmo, ...
sngapreo is a mini mini cosmo in the making ..all squeezed close together ..
so really only orchard = manhatan, london, paris ..

tell me why should OCR trade at 1300 psf ?
why should east coast projects launched at 1500-1800 psf ?

its too high ..

[Tony Blair]

NY manhattan crime rate very high.Rape robbery murder..everyday.

[teddybear]

NY manhattan crime rate very high.Rape robbery murder..everyday.