Just my 2 cent worth..
It is better not to comment too much on people's misery, if you dont know the inside story. The old parents are nice people and dont deserve these comments.Originally Posted by jlrx
Even # houses on the margate road are sitting on land designated for high rise residential while the odd # houses are only good for landed. Hence the price difference. so this is not a good comparison.
Junior
I tried to PM you but your mailbox is full. Must be because everyone has PM you !
Property_Owner has exceeded their stored private messages quota and can not accept further messages until they clear some space.
Junior
PM me please..........Flipping options?Only need 5% and 12 weeks. No legal cost. No stamp fees.
Junior
That's interesting! I learn so much from this forum. Thanks!
So is it like Paterson Road? West side "Jalan Anap/ One Tree Hill" landed cannot build high rise; east side all the landed turned into high rise, Huat Ah!!!.
Sometimes it's really fate. How would you know thirty years ago whether to buy even or odd-numbered house. That's literally a multi-million dollar question.
What I'm trying to illustrate with this example is how much property prices could rise. To the extent that isn't it ridiculous that (e.g. 30 years ago) we might be haggling with the seller over whether the bungalow should be $195,000 or $185,000? Or worried whether the economy would enter recession and the bungalow end up losing 50% of its value (or $97,500)?
Let's not talk about Margate Road.
The Edge Singapore
The Eu Dynasty
(Eu Yan Sang)
Oct 5, 2009
An old Eu Tong Sen Street sign, slightly blackened by exhaust fumes and auctioned off by authorities some years ago, hangs in a second-floor office in a three-storey shophouse, circa 1910, at 269 South Bridge Road. Nearby stands a tall, antique grandfather clock that once chimed the hour in the sprawling Eucliffe castle overlooking Repulse Bay in Hong Kong. The castle, one of several Eu homes, no longer exists, ...
Where Eucliffe castle was, for example, now stands an exclusive residential development. “Certainly, one apartment there today is worth what the whole piece of land was sold off for,”
Just my 2 cent worth..
agree totally. Luck is a key factor in investment.
That's interesting! I learn so much from this forum. Thanks!
So is it like Paterson Road? West side "Jalan Anap/ One Tree Hill" landed cannot build high rise; east side all the landed turned into high rise, Huat Ah!!!.
Sometimes it's really fate. How would you know thirty years ago whether to buy even or odd-numbered house. That's literally a multi-million dollar question.
What I'm trying to illustrate with this example is how much property prices could rise. To the extent that isn't it ridiculous that (e.g. 30 years ago) we might be haggling with the seller over whether the bungalow should be $195,000 or $185,000? Or worried whether the economy would enter recession and the bungalow end up losing 50% of its value (or $97,500)?
Let's not talk about Margate Road.
The Edge Singapore
The Eu Dynasty
(Eu Yan Sang)
Oct 5, 2009
An old Eu Tong Sen Street sign, slightly blackened by exhaust fumes and auctioned off by authorities some years ago, hangs in a second-floor office in a three-storey shophouse, circa 1910, at 269 South Bridge Road. Nearby stands a tall, antique grandfather clock that once chimed the hour in the sprawling Eucliffe castle overlooking Repulse Bay in Hong Kong. The castle, one of several Eu homes, no longer exists, ...
Where Eucliffe castle was, for example, now stands an exclusive residential development. “Certainly, one apartment there today is worth what the whole piece of land was sold off for,”
F01 N54 Sheer Driving Pleasure
Not just investment, luck is needed in everything in life. e.g. love, career, etc..
If you are lucky, money will drop on your courtyard.
However, for that to happen, you still need to buy a house with a courtyard.
So, ... you need to take that first step ...
东方
As generally everyone would say and expect, SG property prices should rise over the long term. That is probably a safe guarantee. My parents bought Bedok 5-rm point block unit for $40K in 1980, today, 30 years later, value worth over $500k liao.
The big question is do you have the holding power to ride all ups and downs during the 30 years.
东方
Well said. Or hook on / up to somebody with that luck if you neither have it nor the balls to do it.
Senior
Please PM me too! Many thanks! Its so hard to join your fan club, your fan mail has completely blocked off your mailbox!
Just my 2 cent worth..
that's right. Let's get the vehicle.
Maybe, property_owner should just publish his way of investing instead of pm
F01 N54 Sheer Driving Pleasure
Maybe we should just meet and let him conduct a lecture?that's right. Let's get the vehicle.
Maybe, property_owner should just publish his way of investing instead of pm
Maybe some skill cannot be transferred by messaging?
Newbie
Pm me too :-)
Junior
Let's say you invest in pty A with 2m. Now you sell at a profit of 2.5m. You must be thinking if u were to buy a better property and upgrade u might have to top up more cash/increase your loans as property might be much expensive. No doubt pty B(maybe about 3m) have better capital gain/location etc but as we knows, we are cautious with the bubble that might be forming and burst any time if something is to goes wrong again.
So now you sell pty A, instead of buying pty B where the risk is higher, you buy property C with 2m. Which is to me the location/comparison must be close to pty A. In the event pty B moves up, pty A will moves along too, likewise for pty C. You will still make money.
But if things turn sour, your commitment is still 2m. The sum you started out as investments. No need to worry about the higher bank installment etc.
This is my 2 cents, invests at your own risk. Market changes very fast. Don;t get caught off guard. Good time to buy now I feel. But buy with cautious. Do your homework will get you good deal.
Lastly, to me property is about holding power. Also not when you buy but what you buy.
Pardon me for my ang mo. I came from a chinese school.
In short
1) invest pty A at 2m, sell 2.5m
2) keep profit of 0.5m, re-invest the original 2m in pty C
3) when pty B (3m) moves up, price of A and C will also move up = gain
4) when things turn sour, hold pty C because profit of 0.5m already in pocket
do i make sense?
New Launch Project Specialist
Question, if A and C are similar, if A goes to $2.5m, then C would be $2.5m also.
So why sell A?
Junior
Various location/condo varies. So I just quote example.
A One Amber
B Seaview
C Esta
Senior
for 600k, divorce ur wife, buy 1 four rm n 1 3rm each, pay fully for 4rm rent out to finance ur 3rm. After all that done, fly to another country n marry her again n u still have 300k in the bank n own 2 ptys n still have ur wife lol.
Junior
What if you are single?
Senior
my above refers to hdb with excellent rental yield. If u not so adventurous, then go for shophouse whch has hi rental returns whch u can live off depending on ur lifestyle
Junior
I see. Btw what happened to Shaw Ctr? The shopping mall looks empty.
Junior
Finally you write here ... I was trying to PM you but your INBOX was full.
My comments: If you sell A for $2.5m and buy B for $2m, that means you are taking profits of $500k.
This reduces your downside risk, but also reduces your upside gain. It's a double-edged sword.
Let's say the market shoots up 100% for all properties, then B will increase from $3m to $6m (a gain of $3m) but C will only increase from $2m to $4m (a gain of $2m).
But as xebay11 has asked, why then sell A in the first place?
Property A will also increase from $2.5m to $5m (a gain of $2.5m).
In contrast, the $500k cash in the bank won't be able to catch up in a bull market.
Of course if the market falls, then the $500k cash will look like a saviour!
Senior
if single just buy a mickey mouse unit and a 3rm hdb n pay both in full n live off rental incme of 1 of them. Get mickey mouse unit in RCR n near mrt. When pop boom to 6 over mil n everyone rushng to buy near mrt pty can choose to sell either at higher price n make money. Keep repeating cycle until u make a pile.
东方
It would be a bit like a slight downgrade isnt it? Like how i sold Res@Somme in D8 to buy CR in D12 and CM in D14 with the profits. But now definitely one step closer to financial independence.
Senior
wow everyone here dam,n good
i feel so so amateur ...
must say this forum is a good
maybe someone should arrange a High tea ..and we all meet up ...
scarly NgT.F. is with us .. then we all can fk him face to face or worship him face to face
F01 N54 Sheer Driving Pleasure
"Don't mentioning my name!"
- Ng T.F.
Junior
This method is for the weak hearts. For property you will need to cash out to see your profit. But people sell for reasons.
Of course if the market falls, then the $500k cash will look like a saviour!
Let me use this example.
The Sail #58-01
Launch price 978psf
1st transaction = 1140psf July 05 ( Why 1st owner sell so early?)
2nd transaction = 2600psf June 07 (2nd owner also sell too early, #36-01 sold 2668psf Oct 07, if he were to hold, my guess he will hit 3000psf if #36-01 can sell 2668psf)
3rd transaction = 1750psf Jan 09 ( Also sell too early, maybe panic at that time but doesn't he knows market will recover)
4th transaction = 2280psf Aug 09 ( another that sells too early too, #53-01 just lodged 2365psf, can he achieve higher if he had wait for #53-01 to sell first?)
Next transaction = What price will he sell? Peak of Sail stack 1 is 2820psf. Will he sell @ this price of wait till MBS launch then sells above 3K? Or end up making a loss? Let's wait to see the transaction.
Only time will tell.
Junior
lian he wan bao, 291009.
Hong Kong Tycoon Mr. CHOI Chiu Fai, Stanley buys a price of land at Sentosa Cove(Sandy Island at South Cove) at 1950 psf record for a 8500sqft area at 16.57M.
And he says its cheap..(before you say "siao", please continue reading)
For the record, he and a few friends invested in the Sail.
They saw the potential n bought a whole floor at avg 900psf, and sold it off 4 years later at 2500psf range, making a profit of 250%....
Sandy Island has got 18 plots of land , which 9 already sold out. avg at 1800psf.
F01 N54 Sheer Driving Pleasure
I am surprised that everyone get so excited over Property Owner's "how to invest" methodology.
We can easily buy these "how to invest" methodologies from those NBA (B.S.) experts or learn it from our own useless NBA courses.
What set apart investor like myself from investor like Property Owner is simpy the "A B C" he mentioned.
What are his "A B C"?
What are my "A B C"?
Why is his A "The Sail", B "MBR", C "Southbank"? (Just for example.)
Why are my "A B C" something else?
This is what we need to learn from him.
"How to spell (smell) A, B and C!"
Those experts don't even know how to spell "A B C" and our useless NBA toilet-papers don't even have "A B C" printed on them.
I wonder how he can teach me ABC spelling ("what to invest") via PM.
Junior
there is a saying keep it simple
most of the time the simplest approach is the best approach
however, common sense is not that common
东方
Aiya, better to keep to cyberspace. Perhaps to have better background everyone can give some small insignificant details of themselves eg.
Age:
Gender:
Profession:
No. of times bought/sold:
Newbie
Your parents only need to pay $1-$1.50 for meal eating outside in 1980. Today, you need to pay at least $4 to $5.50. Inflation Inflation. Cannot compare 1980$ vs 2009$ like that.
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