F10_Blackhawk 4th Gear February 3, 2018 Share February 3, 2018 The pty mkt has not truly corrected, what makes you think that someone entering 5 years later will get priced out? Agents say that? I agree...the market has not fully corrected UPWARDS...its only just started moving up in terms of number of transactions and prices (resale, new sale, land price that Developers are paying to govt).So do listen to bears and wait some more. Pls don’t listen to agents, analysts as ONLY they are vested. Bears have no secret agenda for prices to be low. ↡ Advertisement 1 Link to post Share on other sites More sharing options...
LPPL 6th Gear February 3, 2018 Share February 3, 2018 I agree...the market has not fully corrected UPWARDS...its only just started moving up in terms of number of transactions and prices (resale, new sale, land price that Developers are paying to govt).So do listen to bears and wait some more. Pls donât listen to agents, analysts as ONLY they are vested. Bears have no secret agenda for prices to be low.What kind of rental yield you expect from your property? 0.1%? Lol Link to post Share on other sites More sharing options...
F10_Blackhawk 4th Gear February 3, 2018 Share February 3, 2018 What kind of rental yield you expect from your property? 0.1%? Lol Pls show me which property is 0.1% yield? Your house? Lol Link to post Share on other sites More sharing options...
Volvobrick Supersonic February 3, 2018 Share February 3, 2018 Pls show me which property is 0.1% yield? Your house? Lol https://www.propertyguru.com.sg/listing/19916883/for-rent-sweetenham-gcb-d10-for-rent This GCB is not quite 0.1% yield but after minus property tax, income tax, maintenance etc, it would be close to 0.6% assuming it is valued at 1500 psf. 1 Link to post Share on other sites More sharing options...
Showster Twincharged February 3, 2018 Share February 3, 2018 A few years ago, HDB rental yield typical calculation is 6 or 7% rental yield, a condo rental yield is 4% while a landed House may be 2%. Supposing the public housing prices stay stagnant and private housing doubles, we are still looking at 6% (public) versus 2% condo and 1% house. Going by rental yield one will still go for HDB and not private, even if there is much more room for appreciation. Conversely, if the price of private halves while public stays the same, would we say now go for condo because it’s yield is 8% followed by HDB at 6% followed by landed at 4%? Conclusion: rental yield is a part of the picture, but it should never be the sole consideration especially if one's intention is to stay. 2 Link to post Share on other sites More sharing options...
F10_Blackhawk 4th Gear February 4, 2018 Share February 4, 2018 https://www.propertyguru.com.sg/listing/19916883/for-rent-sweetenham-gcb-d10-for-rent This GCB is not quite 0.1% yield but after minus property tax, income tax, maintenance etc, it would be close to 0.6% assuming it is valued at 1500 psf. Well last i checked, HDB does not build GCB. And TS was considering HDB / Condo....thus i asked LPPL please show us which ppty yield 0.1% rental. If not its just another case of fake news. Years ago i remembered when i bought a resale Maplewoods 3 bedder, rental was $2,500 / month. The unit cost was close to $1m. Subsequently the unit was leased out at ever increasing rental value until my last renewal where i kept it flat.This is despite the fact the condo was right in front of massive works due to the construction of DTL. Fast forward to 2018, it is still commanding $4,200 / month and my downstairs neighbour sold it for $2.1m. While the rental yield based on current value is in the Low 2% (certainly not 0.1% lol) but base on historical value it’s 5%. Some jokers will come and tell me rent will drop, massive supply etc. So let me ask, even if it drops to $2,300 / month, the yield is 1.3% (certainly not 0.1%). However, lets not forget even a 5Rm HDB is going for $3k rental around Toh Yi area and i have not even considered inflation or the recent rule change that cap the number of persons staying at 4rm flat and above at 6 pax. So tell me, will HDB or condo yield drop to 0.1% lol. Anyway like i said, Bear, `Miss the Boat’ people will always be behind the curve. When price was dropping, they hope for it to go lower. When it’s rising, they say it will drop. Anyway it’s good, less competition in the market for buyers lol 2 Link to post Share on other sites More sharing options...
LPPL 6th Gear February 4, 2018 Share February 4, 2018 (edited) Pls show me which property is 0.1% yield? Your house? Lol You don't know what is a figure of speech? If market is going to "correct upwards" further as what you mentioned, we are looking at a very pathetic yield, hence 0.1% is used to highlight my point. Didn't expect people to take things so literally in a forum...lol Edited February 4, 2018 by LPPL 1 Link to post Share on other sites More sharing options...
Ash2017 Twincharged February 4, 2018 Share February 4, 2018 A few years ago, HDB rental yield typical calculation is 6 or 7% rental yield, a condo rental yield is 4% while a landed House may be 2%. Supposing the public housing prices stay stagnant and private housing doubles, we are still looking at 6% (public) versus 2% condo and 1% house. Going by rental yield one will still go for HDB and not private, even if there is much more room for appreciation. Conversely, if the price of private halves while public stays the same, would we say now go for condo because itâs yield is 8% followed by HDB at 6% followed by landed at 4%? Conclusion: rental yield is a part of the picture, but it should never be the sole consideration especially if one's intention is to stay. when we calculate rental yield, do we use bought price or current price? I thought we use current price theoretically net yield can go below 1%? 3 Link to post Share on other sites More sharing options...
Showster Twincharged February 4, 2018 Share February 4, 2018 when we calculate rental yield, do we use bought price or current price? I thought we use current price theoretically net yield can go below 1%? It’s really up to you. If you have no intention to sell at any reasonable price, can use your buying price. But if you benchmark against potential selling price or trying to gauge opportunity costs for your funds instead, can use current price. Link to post Share on other sites More sharing options...
F10_Blackhawk 4th Gear February 5, 2018 Share February 5, 2018 You don't know what is a figure of speech? If market is going to "correct upwards" further as what you mentioned, we are looking at a very pathetic yield, hence 0.1% is used to highlight my point. Didn't expect people to take things so literally in a forum...lol Of coz I know lol but 0.1%? You might as well stretch it figuratively and say negative yield. We all know who are the big ppty bears here...yourself, throttleB and a few others. The thing is, bears and those with agenda for prices to be low (miss the boat, sellers who sold too early hoping to buy back etc) will always find excuses to shout low. They want to justify their past actions or ‘analysis’. Eventually they will get it right coz nothing goes up forever but after the drop, the low could still be higher than the previous low. Seriously, are you afraid of competition that whenever there are interests to buy, you discourage people from buying? Lol Not to mention loss of rental income opportunities or paid rental to landlord while waiting for durians to drop. 1 Link to post Share on other sites More sharing options...
Showster Twincharged February 5, 2018 Share February 5, 2018 But if you take that stretch, just the appreciation gain (without considering yields) is going to make some people numb in their fingers. Moreover, as supply and demand balances together, it is also highly likely that price will not run away on its own without rental following. A more balanced tug-of-war scenario should appear soon, moving more and more in favour of private properties until both sides are balanced. You don't know what is a figure of speech? If market is going to "correct upwards" further as what you mentioned, we are looking at a very pathetic yield, hence 0.1% is used to highlight my point. Didn't expect people to take things so literally in a forum...lol Link to post Share on other sites More sharing options...
cheeckybummy Clutched February 7, 2018 Share February 7, 2018 Do you guys renovate your house before selling it off? 1 Link to post Share on other sites More sharing options...
Wt_know Supersonic February 7, 2018 Share February 7, 2018 (edited) what for? unless it's really cui that will depress the price ... but buy how much? clean up + repaint should suffice to ensure it's not totally rundown renovation is sibei subjective ... you can throw in $50K-$70K to make it looks nice buyer don't like the design or talk down the cabinet not nice la ... this and that ... will lowball the price Do you guys renovate your house before selling it off? Edited February 7, 2018 by Wt_know Link to post Share on other sites More sharing options...
F10_Blackhawk 4th Gear February 8, 2018 Share February 8, 2018 Do you guys renovate your house before selling it off? No. Even for myself, I love to buy run down ppty so I do not have to crack my brain to see what to keep or hack. As WT mentioned, 1 man’s meat could be another’s poison Link to post Share on other sites More sharing options...
Kopites Supersonic March 6, 2018 Share March 6, 2018 https://www.channelnewsasia.com/news/singapore/hdb-to-remove-three-year-time-bar-policy-for-divorcees-to-buy-10017996 So mean immediately after divorce eligible for another hdb flat? Would this lead to "temporary separatioon" for the sake of monetary? Anyone anytime can remarried again right. Link to post Share on other sites More sharing options...
Dafansu Turbocharged March 6, 2018 Share March 6, 2018 https://www.channelnewsasia.com/news/singapore/hdb-to-remove-three-year-time-bar-policy-for-divorcees-to-buy-10017996 So mean immediately after divorce eligible for another hdb flat? Would this lead to "temporary separatioon" for the sake of monetary? Anyone anytime can remarried again right. Still need to meet the various eligibility scheme. Link to post Share on other sites More sharing options...
Enye Hypersonic March 6, 2018 Share March 6, 2018 wah if i rent out my hdb for 10 years .... it would be free liao Link to post Share on other sites More sharing options...
Chongster 6th Gear March 6, 2018 Share March 6, 2018 actually should divorce wife, buy HDB, buy condo, still live together, get a good lawyer to write a good will and various POA to replicate the legal effects of marriage. if eventually sold HDB can marry back. get another round of ang paos some more. ↡ Advertisement Link to post Share on other sites More sharing options...
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