S$1million dollar HDBee

[Zze121]

If selling existing for 800k flat n bought a 1mil flat is still worth taking the risk n ride with current low bank interest rate.

If selling the current flat before serching for a replacement flat will be in for a big risk, not know who u r competing with in the resale market.

Ofcourse the profit gain can sustain years of rental while waiting, then if trends is not coming down any sooner the rental incur could be big sum.

With news keep popping out for record breaking price of $800k then $1mil, whats the next record transacted figures we dun know.

 

[Toapayohkid]

If selling existing for 800k flat n bought a 1mil flat is still worth taking the risk n ride with current low bank interest rate.

If selling the current flat before serching for a replacement flat will be in for a big risk, not know who u r competing with in the resale market.

Ofcourse the profit gain can sustain years of rental while waiting, then if trends is not coming down any sooner the rental incur could be big sum.

With news keep popping out for record breaking price of $800k then $1mil, whats the next record transacted figures we dun know.

 

$1 million is main psychological barrier for HDB. rare for feat to be repeated as en bloc mania slowed down a lot since 2009-2010.

[Zze121]

$1 million is main psychological barrier for HDB. rare for feat to be repeated as en bloc mania slowed down a lot since 2009-2010.

Resale market is competing with private ppty, price gap closing up.

[Toapayohkid]

Resale market is competing with private ppty, price gap closing up.

 

yeah. the dynamic complex with more hdb supply, esp ec market, resale market most vulnerable and not easy to go over $1 million en masse. private sector also not homogenous. activity like from developer sales, subsale and resale not much news - sellers maybe hard time letting go of property at their current asking price.

[Wt_know]

no $1M no sell ... enuff said.

[Enye]

If selling existing for 800k flat n bought a 1mil flat is still worth taking the risk n ride with current low bank interest rate.

 

It is ok provided the 800k is paid up already.

 

If still big loan remaining then it isn't that ok

 

[Jman888]

no $1M no sell ... enuff said.

 

 

ok next time housing agent cold call me, i will tell them that (for my 4 room at ulu place) [laugh]