Jrage 1st Gear May 3, 2012 Author Share May 3, 2012 hmm... i think you got me wrong.. I am just analysing by allowing developer to reimbuse the stamp duty,are singaporean more likely buy pte pty than resale hdb esp for those who cannot buy new hdb and not eligible for dbss/ec? The cash saved from the initial payment, could be use to invest in other asset classes e.g. stock , bond. this will allow one to have a more diverse porfolio. Of course, first and foremost, 1.3mil has to be within one's acceptable loan quartum. ↡ Advertisement Link to post Share on other sites More sharing options...
Chucky2007 Turbocharged May 3, 2012 Share May 3, 2012 That's assuming most people have 200k in cpf.. n only for new launch condo that only have 1 bedroom n developer give discount.. Link to post Share on other sites More sharing options...
Jolie888 Clutched May 3, 2012 Share May 3, 2012 eh, u tink i 'top producer' or 'powderful negotiator' ah??..... hdb rules gotta ask the hdb experts here.....i onli know how to sell tau huay. Sorry, was just evaluating options to profit from the HDB angle, as I think it will become more & more lucrative - as the upgrader private property segment slowly moves away from the reach of upgraders ... ironic, isn't it? Thus the Holland Rd & Tanglin Rd HDB areas are in my radar screens now. I can only be sure if I am right a few years from now. Link to post Share on other sites More sharing options...
Jrage 1st Gear May 3, 2012 Author Share May 3, 2012 (edited) That's assuming most people have 200k in cpf.. n only for new launch condo that only have 1 bedroom n developer give discount.. actually alot of 30 something couples, not eligible for new flats , has 400-600k in cpf. Given that they earn more than 12k a mth... and more more in bonus. :P Edited May 3, 2012 by Jrage Link to post Share on other sites More sharing options...
Jolie888 Clutched May 3, 2012 Share May 3, 2012 some condo maintenance is around 3~400 every quaterly and this include one carpark. so let say 150 per month, remove 90 from carpark, left with 60. 60 for conservative charge come with free swiming pool and gym, its definitely cheaper. Errr in my previous CCR condo, I was paying $500 p.m. ... or $1,500 per quarter! Especially if one does not use the facilities often ..... Link to post Share on other sites More sharing options...
Soya Supersonic May 3, 2012 Share May 3, 2012 some condo maintenance is around 3~400 every quaterly and this include one carpark. so let say 150 per month, remove 90 from carpark, left with 60. 60 for conservative charge come with free swiming pool and gym, its definitely cheaper. where can u find any condo maintenance & sinking fund at onli $150/mth? either condo is like 3000 units wif no swimming pool or any facilities or is damn badly maintained. Link to post Share on other sites More sharing options...
Ithunk 1st Gear May 3, 2012 Share May 3, 2012 condo is condo flat is flat Link to post Share on other sites More sharing options...
Espresso Neutral Newbie May 3, 2012 Share May 3, 2012 Finding it strange that is now more "affordable" to buy a condo than a flat. For example, if you getting a resale flat selling 625k , asking for 35 k COV . You need 31.5k + 35k cash = 76.5k cash If you getting a condo 1.3mil from projects that offer cash rebate for stamp fee. You only need 65k cash -cash stamp duty rebate (33.6k) = 31.4k cash. No wonder, ppl are getting buying up condo in such a high liquidity environment. .. It think absd , instead of dampen the pty mkt, it actually fuel the mkt. The above is true for me. The first property I purchased with my wife was a condo....for various reasons...but also because it COST ME LESSER CASH UPFRONT THAN COMPARED TO RESALE HBD. Link to post Share on other sites More sharing options...
Joseph22 Turbocharged May 3, 2012 Share May 3, 2012 Errr in my previous CCR condo, I was paying $500 p.m. ... or $1,500 per quarter! Especially if one does not use the facilities often ..... where can u find any condo maintenance & sinking fund at onli $150/mth? either condo is like 3000 units wif no swimming pool or any facilities or is damn badly maintained. you all living in expensive estate mah. i talking about outskirt condo. places like say yio chu kang, jurong lah. Link to post Share on other sites More sharing options...
Throttle2 Supersonic May 3, 2012 Share May 3, 2012 But if you are first time buyers, and if you buy condo first, think you are not allow to buy any HDB in future?! so what.... if you can buy condo first, no need to buy any HDB in future. why die die must buy HDB and restrict yourself? I have never bought a HDB myself, life still goes on fine.. Link to post Share on other sites More sharing options...
Joseph22 Turbocharged May 3, 2012 Share May 3, 2012 so what.... if you can buy condo first, no need to buy any HDB in future. why die die must buy HDB and restrict yourself? I have never bought a HDB myself, life still goes on fine.. its the mentality that government give one must take and squeeze dry dry lah. Link to post Share on other sites More sharing options...
Throttle2 Supersonic May 3, 2012 Share May 3, 2012 Finding it strange that is now more "affordable" to buy a condo than a flat. For example, if you getting a resale flat selling 625k , asking for 35 k COV . You need 31.5k + 35k cash = 76.5k cash If you getting a condo 1.3mil from projects that offer cash rebate for stamp fee. You only need 65k cash -cash stamp duty rebate (33.6k) = 31.4k cash. No wonder, ppl are getting buying up condo in such a high liquidity environment. .. It think absd , instead of dampen the pty mkt, it actually fuel the mkt. you are not wrong , Jrage. It does fuel the mass market segment. and thats why the first time buyer mass market segment remains quite hot. but a buyer should not just look simply at how much he/she can down. an down doesnt mean can afford. moreover nowadays cannot flip. be careful die c0ck stand. Link to post Share on other sites More sharing options...
Jrage 1st Gear May 3, 2012 Author Share May 3, 2012 she different league one.. never need to stay in a hdb since married.. and never thought of it as a home.. but a investment leh :P Link to post Share on other sites More sharing options...
Relacklabrudder 1st Gear May 3, 2012 Share May 3, 2012 No such rule. After sell condo, 18 months later can buy hdb. Not only for 1st timers... is for all Singaporeans. 18 mths later? assume u rent outside chao chao 2.5k/mth, 18 mths = 45k cash burnt at least! Link to post Share on other sites More sharing options...
Throttle2 Supersonic May 3, 2012 Share May 3, 2012 its the mentality that government give one must take and squeeze dry dry lah. people who go by that mentality mostly never make it. they forgot that once they buy HDB, they tie themselves down with the restrictions. Link to post Share on other sites More sharing options...
Joseph22 Turbocharged May 3, 2012 Share May 3, 2012 she different league one.. never need to stay in a hdb since married.. and never thought of it as a home.. but a investment leh :P who you refering to?? Link to post Share on other sites More sharing options...
Joseph22 Turbocharged May 3, 2012 Share May 3, 2012 people who go by that mentality mostly never make it. they forgot that once they buy HDB, they tie themselves down with the restrictions. actually, i will be more than happy if i am not allegible to buy HDB flat Link to post Share on other sites More sharing options...
Throttle2 Supersonic May 3, 2012 Share May 3, 2012 actually, i will be more than happy if i am not allegible to buy HDB flat depends lah, you may not be if you are sandwiched. Many people are in that category. ie. HDB cannot qualify and cannot afford similar size condo. Quite headache too. ↡ Advertisement Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In NowRelated Discussions
Related Discussions
Renovation budget that blows your mind
Renovation budget that blows your mind
Residents can post mail from all HDB, condo letterboxes by Sep 30; no plans to remove postboxes: SingPost
Residents can post mail from all HDB, condo letterboxes by Sep 30; no plans to remove postboxes: SingPost
Low Resale Value? Let Dive into New Car Pricing and Sales Strategies
Low Resale Value? Let Dive into New Car Pricing and Sales Strategies
Hdb flat renovation
Hdb flat renovation
Properties info
Properties info
Security guard abuse at Condos
Security guard abuse at Condos
Singapore Idol Hady Mirza BANNED from condo facilities
Singapore Idol Hady Mirza BANNED from condo facilities