Haha.. you sure brought your point across ... could have been better with CAPITALISED letters tooOriginally Posted by jlrx
Junior
Haha.. you sure brought your point across ... could have been better with CAPITALISED letters too
Junior
No where in particular... probably not so fast too.. was just jesting with jlrx on what to chant for people who want to buy investment properties but with no balls. He told me to chant the same mantra "Pty prices will go up in the long run, ppty should be bought not sold" X 3...
but preference will be to take those completed 2bedroom units with immediate rental, so just need to pay downpayment and is positive cashflow after taking 75% loan. Of course, nearer city and mrt would be good..
Newbie
LOL I was just about to PM proud owner my secrets of winning in casino
F01 N54 Sheer Driving Pleasure
Err ... what's happening?
This is not the "jlrx" that I know leh!
By the way, everyone, when I say I know "Property_Owner", "proud owner", "teddybear", "jlrx", "focus", "august", "devilplate", etc.. etc., etc., I really mean "I know them" cos' I read most of their posts prior to engaging them.
The last thing I want to do is to embarass myself by, e.g. (i) teaching "focus" how to invest in to stock market, (ii) teaching "proud owner" how to tour Liberty Island, or (iii) teaching "Property_Owner" how to make some money to pay the downpayment for a DB9, etc..
Junior
LOL I was just about to PM proud owner my secrets of winning in casino
Then why are you here?
Junior
Just visited the salary.sg website and saw some idiots there posting stupid stuffs in their thread "Property Prices Have Crashed", but I don't want to talk to those people it's beneath my dignity.Err ... what's happening?
This is not the "jlrx" that I know leh!
F01 N54 Sheer Driving Pleasure
Sir, almost every non-property forums are saying property market is crashing or property prices are coming down.Just visited the salary.sg website and saw some idiots there posting stupid stuffs in their thread "Property Prices Have Crashed", but I don't want to talk to those people it's beneath my dignity.
Do we really want to reason with everyone of them? How do you reason with them when they know nuts about property market?
If we join these forums and reply them, I can assured you we will be hammered (virtually of course)!
Sir, why not go down to Robertson Quay and cool down by Watermark Robertson Quay? It just has a nëw hïgh of $1,692 psf!
Watermark Robertson Quay
Address ...................... psf ............... Area ........ Price ............ Contract Date
5 Rodyk Street #07-24 .... $1,692 psf .... 904 sqft .... $1,530,000 .... 20 Apr 10
Senior
you are right except the last bit ..
i am warning people to be cautious ..
especially to those buying to RENT out and wait for capital gain .. cos rental currently cannot cover cost .. and even when prices go up .. hard to sell with tenancy..when it is tenancted at a rent that cannot cover cost ..
i still have 2 props in spore ... i dont want prop price to fall ...
Exalted
Den how about for those with too much cash on hand? Wat do u suggest?
Dilemma...stocks/ppty seems high to enter...hold cash aso scare inflation...
No cash better? hehe...no such problems
Junior
Read the latest caveats!!! Do you notice the price of everything has gone up tremendously!!!(Ok. I know Reporter had been doing a good job here but his "record prices" so far didn't seem to be related to my properties). But this week's caveats are DIFFERENT!!!
Last few months only my landed property had "Chiong" up, whereas the other properties either had no transactions or were crawling up like a snail (to tell the truth the last few months I regretted having only one landed property, that's why I was desperately calling here and there to try to buy another landed, but ended up got screamed at by a landed seller, if you read the landed thread).
But this week's caveats!!!
Some which had no transactions for several months suddenly has a transaction and the price rise with respect to several months back is WHOPPING!!!
Ironically, my landed property had not gone up in the latest transaction.
Maybe the condos are trying to play catch up, while landed take a rest?
Ok. I'll stop chasing the landed for a while. Don't want to get screamed at again.
Last edited by jlrx; 06-05-10 at 00:29.
Junior
wah where got too much cash one?Den how about for those with too much cash on hand? Wat do u suggest?
Dilemma...stocks/ppty seems high to enter...hold cash aso scare inflation...
No cash better? hehe...no such problems
if really too much cash can always go casino to show hand and maybe end up with even more cash!!
anyway is always gd to keep some cash on hand.. can use to reduce mortgage when/if interest rates go up ~~
Exalted
when i strike TOTO lor..wah where got too much cash one?
if really too much cash can always go casino to show hand and maybe end up with even more cash!!
anyway is always gd to keep some cash on hand.. can use to reduce mortgage when/if interest rates go up ~~
errr...to me, other den primary residence, i will nvr use cash to pay off mortgage loans as it is the cheapest loan u can get...perhaps can explore packages like uob home plus to ride thru high interest period.
however, majority love to pay off loans lor...
Senior
if i have enuff cash .. i wont take loan .. buy resale existing projects ..then u can rent out IMMEDIATELY and cheap .. return still better than leaving in bank acc ..when i strike TOTO lor..
errr...to me, other den primary residence, i will nvr use cash to pay off mortgage loans as it is the cheapest loan u can get...perhaps can explore packages like uob home plus to ride thru high interest period.
however, majority love to pay off loans lor...
u take loan ..straight away your return is 1-1.5 pct lower (mortgage rate) .. and have to raise rental to cover that .. and may take a few mths before you can find tenant ..
having done that, make sure you still have cash for 1 or 2 prop downpayment .. then those u can take loan ..
Just my 2 cent worth..
Yup, newly transacted price in April went up.
Pls continue chanting...
Read the latest caveats!!! Do you notice the price of everything has gone up tremendously!!!
Last few months only my landed property had "Chiong" up, whereas the other properties either had no transactions or were crawling up like a snail (to tell the truth the last few months I regretted having only one landed property, that's why I was desperately calling here and there to try to buy another landed, but ended up got screamed at by a landed seller, if you read the landed thread
But this week's caveats!!!
Some which had no transactions for several months suddenly has a transaction and the price rise with respect to several months back is WHOPPING!!!
Ironically, my landed property had not gone up in the latest transaction.
Maybe the condos are trying to play catch up, while landed take a rest?
Ok. I'll stop chasing the landed for a while. Don't want to get screamed at again.
Senior
Wondering if the crisis in eurozone now will affect us and the property prices?
Exalted
In SG context, its worthwhile to take loan. Other countries may not be the case though. Anw, each to its own.
Too add, it also depends on ur age profile...if u can only take 10-15yrs..mthly installment is quite xiong...diff ball game too
Last edited by devilplate; 06-05-10 at 09:41.
Exalted
If big banks collaspe...Wondering if the crisis in eurozone now will affect us and the property prices?
It was mentioned PIGS 5% of World's GDP. Is it alot?
Any experts to share? Any EU banks in danger?
Junior
will caspian price naturally increase so much?Maybe a lounge pool or spa garden? MRT tracks provide shade haa haa.
People of caspian must be celebrating now...580psf to become 1000psf.
Exalted
Only if Keppel manage to sell out at average price of 1kpsf...
Newbie
It's quite hard to track and compare landed prices bec every single house is unique on its own unless it is a row of similar design terrace houses. But even the numbers will play a part in the price difference.Read the latest caveats!!! Do you notice the price of everything has gone up tremendously!!!
Last few months only my landed property had "Chiong" up, whereas the other properties either had no transactions or were crawling up like a snail (to tell the truth the last few months I regretted having only one landed property, that's why I was desperately calling here and there to try to buy another landed, but ended up got screamed at by a landed seller, if you read the landed thread
But this week's caveats!!!
Some which had no transactions for several months suddenly has a transaction and the price rise with respect to several months back is WHOPPING!!!
Ironically, my landed property had not gone up in the latest transaction.
Maybe the condos are trying to play catch up, while landed take a rest?
Ok. I'll stop chasing the landed for a while. Don't want to get screamed at again.
Newbie
Why worry so much whether property prices goes up or down since you belief prices will 100% go up in the long long term n propery must be bought n not sold.Just visited the salary.sg website and saw some idiots there posting stupid stuffs in their thread "Property Prices Have Crashed", but I don't want to talk to those people it's beneath my dignity.I agreed with that so I m going to keep my freehold property till it expire and value it at $0 psf. Even if it is at $0 psf or $100,000 psf I don't care as I am not selling.
That is what a real property buddha should do
Exalted
Hold some ppty+hold some cash=best strategy
go up...win...go down...buy some more at a discount. WIN-WIN
Newbie
Why worry so much whether property prices goes up or down since you belief prices will 100% go up in the long long term n propery must be bought n not sold.
That is what a real property buddha should do
Probably he has lost his "faith", focus or balance in this Greek mayhem.....
Junior
It's true landed are more unique than condos, especially new landed like yours, need to value this and that fixture.
However, for older landed it's mostly the land cost and its not too difficult to mentally add/subtract the psf due to different facing, junction, land shape, house number, ground elevation etc.
Especially when the market is rushing up, the "rush" is really significant it's easy to feel the "increase" in price.
Junior
You don't seem to understand how PROPERTISM works.Why worry so much whether property prices goes up or down since you belief prices will 100% go up in the long long term n propery must be bought n not sold.
That is what a real property buddha should do
I need to update my property portfolio spreadsheet every now and then with the latest transacted prices, so when the market prices go up, the spreadsheet numbers look very healthy so I feel richer
That's why I was quite frustrated that some of my properties had no transactions over the past few months. Knowing that the market is moving up yet I can't adjust the "psf" column of my spreadsheet.
All these changed yesterday when I checked the latest caveats!
The "Greek tragedy" will mean another round of credit expansion and paper money falling to zero.Probably he has lost his "faith", focus or balance in this Greek mayhem.....
This period in our history is really a textbook case study of how fiat currencies fall to zero.
Fiat Currency: Using the Past to See into the Future
The Daily Reckoning Presents:
Fiat Money -Toilet Paper Money
The history of fiat money, to put it kindly, has been one of failure.
Fiat Money -Rome — The Denarius
The denarius, Rome’s coinage of the time, was, essentially, pure silver at the beginning of the first century A.D. Around the time of Rome’s collapse, the denarius contained only 0.02% silver and virtually nobody accepted it as a medium of exchange or a store of value.
Fiat Money -China — Flying Money
Marco Polo said of Kublai Khan and the use of paper currency: “You might say that [Kublai] has the secret of alchemy in perfection…the Khan causes every year to be made such a vast quantity of this money, which costs him nothing, that it must equal in amount all the treasure of the world.”
Fiat Money -France — Livres, Assignats, and Francs
John Law was the first man to introduce paper money to France … the new paper currency rapidly became oversupplied until nobody wished to own the worthless junk anymore and demanded coinage for their currency.
In the latter part of the 18th century, the French government again tried to give paper money another go. This time, the pieces of garbage they issued were called assignats. By 1795, inflation of assignats was running at approximately 13,000%.
After Waterloo had come and gone, the French gave it another go in the 1930s, this time with the paper franc. It took only 12 years for them to inflate their currency until it lost 99% of its value. History has proven a couple things about the French: 1) They are quick to surrender and 2) They are very talented at making worthless currency.
Weimar Germany — Mark
Post-World War I Weimar Germany was one of the greatest periods of hyperinflation that ever existed. The Treaty of Versailles was essentially a financial punishment placed on Germany to make reparations.
The sums of money to be paid by Germany were enormous, and the only way it could make repayment was by running the printing press.
Inflation got so bad in this period that German citizens were literally using stacks of marks to heat their furnaces.
Exalted
Concept Plan 2011 focus group reveals draft suggestions
By Mustafa Shafawi/Satish Cheney | Posted: 06 May 2010 2132 hrs
Photos 3 of 3 " src="http://www.channelnewsasia.com/images/butt_next.gif" width=18 height=15 type=image>
SINGAPORE: Public transport, walking or cycling should be the default means to get around in Singapore.
The recommendation was part of a two-pronged strategy proposed by a focus group on the Concept Plan 2011 to make Singapore an endearing and green home for all.
To discourage private transport, it said carpark lots should be reduced and higher parking fees be levied in the city.
"The important thing about car parking is that it is a possible way of regulating the use of private cars, because if you have difficulty in parking a car in a certain part of the city, and there's a very good public transport system, you may just consider using public transport," said Ong Keng Yong, co-chairman of the focus group on "Sustainability and Identity" and director of the Institute of Policy Studies.
The focus group said the government should include sustainability building considerations as a criterion for the award of land tenders.
Programmes to promote a green mindset and raise public awareness about recycling and reducing wastes should be strengthened.
In making Singapore an endearing home, the focus group felt that a Heritage Charter be introduced.
"It's basically to try and build a consensus among all the stakeholders in a particular district as to how to cherish, safeguard the things we love in that district," said Lee Tzu Yang, co-chairman of focus group on "Sustainability and Identity" and chairman of Shell Singapore.
The charter should be jointly formulated by the public, private and people sectors.
To enrich the experience of Singapore's built and natural heritage, it recommends that more people have homes in the heritage districts.
The focus group also said there must be greater community involvement in shaping an endearing Singapore.
With this in mind, schools and non-government organisations need to work with local communities to strengthen the local identity.
The focus group is one of two groups appointed by the Urban Redevelopment Authority (URA).
The recommendations are being put up for public comment, after which the focus group will fine-tune its recommendations before making its submission to the URA.
The submission will be taken into account in drawing up the Concept Plan 2011, which maps out the long term directions for Singapore's land use and transportation plans over the next 40 to 50 years.
---------------------------------------------------------
Looks like cost of car ownership gona up alot more...more erp...erp rates up...coe up, parking aso up...
Will it result bottleneck problems at certain busy MRT Interchange...
Global recession is coming....
Don't know what will happen to the bus and MRT train if more people switch to them from driving as they are already so cramped that very often would-be passengers cannot even get into the door during and around peak hours!
Regulate driving by reducing the number of car parks?
Maciam developers doing national service by building condos with number of car park lots significantly less than number of units so that residents will be discouraged from owning cars? Wa lao! Good tactic! Sell at super high price and yet earn more from savings on space for car parks (so can build more units using the GFA freed up from building sheltered car park spaces)!
Concept Plan 2011 focus group reveals draft suggestions
By Mustafa Shafawi/Satish Cheney | Posted: 06 May 2010 2132 hrs
SINGAPORE: Public transport, walking or cycling should be the default means to get around in Singapore.
The recommendation was part of a two-pronged strategy proposed by a focus group on the Concept Plan 2011 to make Singapore an endearing and green home for all.
To discourage private transport, it said carpark lots should be reduced and higher parking fees be levied in the city.
"The important thing about car parking is that it is a possible way of regulating the use of private cars, because if you have difficulty in parking a car in a certain part of the city, and there's a very good public transport system, you may just consider using public transport," said Ong Keng Yong, co-chairman of the focus group on "Sustainability and Identity" and director of the Institute of Policy Studies.
The focus group said the government should include sustainability building considerations as a criterion for the award of land tenders.
Programmes to promote a green mindset and raise public awareness about recycling and reducing wastes should be strengthened.
In making Singapore an endearing home, the focus group felt that a Heritage Charter be introduced.
"It's basically to try and build a consensus among all the stakeholders in a particular district as to how to cherish, safeguard the things we love in that district," said Lee Tzu Yang, co-chairman of focus group on "Sustainability and Identity" and chairman of Shell Singapore.
The charter should be jointly formulated by the public, private and people sectors.
To enrich the experience of Singapore's built and natural heritage, it recommends that more people have homes in the heritage districts.
The focus group also said there must be greater community involvement in shaping an endearing Singapore.
With this in mind, schools and non-government organisations need to work with local communities to strengthen the local identity.
The focus group is one of two groups appointed by the Urban Redevelopment Authority (URA).
The recommendations are being put up for public comment, after which the focus group will fine-tune its recommendations before making its submission to the URA.
The submission will be taken into account in drawing up the Concept Plan 2011, which maps out the long term directions for Singapore's land use and transportation plans over the next 40 to 50 years.
---------------------------------------------------------
Looks like cost of car ownership gona up alot more...more erp...erp rates up...coe up, parking aso up...
Will it result bottleneck problems at certain busy MRT Interchange...
Junior
we pay these civil servants so well and this is all they can come up with?
Exalted
nid to support SBS and SMRT?we pay these civil servants so well and this is all they can come up with?
F01 N54 Sheer Driving Pleasure
Amaranda Gardens in District 19 has a nëw hïgh of $1,058 psf!
Amaranda Gardens
Address .................................... psf ............... Area .......... Price ............ Contract Date
120 Serangoon Avenue 3 #09-08 .... $1,058 psf .... 1,163 sqft .... $1,230,000 .... 5 Apr 10
Kovan Melody in District 19 has a nëw hïgh of $895 psf!
Kovan Melody
Address ...................... psf ............ Area ........ Price .......... Contract Date
21 Kovan Road #15-13 .... $895 psf .... 893 sqft .... $800,000 .... 10 Mar 10
Posting Permissions
Reply With Quote
