Roh96 6th Gear January 16, 2013 Share January 16, 2013 i believe when they bought it 2-3 years ago, by now the value appreciate at least 25%, should be able to let go let slightly lower price but still make profit. My guess is those desperate flippers will start giving 7% discount at least to offload their baby. ↡ Advertisement Link to post Share on other sites More sharing options...
Darryn Turbocharged January 16, 2013 Share January 16, 2013 My guess is those desperate flippers will start giving 7% discount at least to offload their baby. I'm looking to buy now - but wouldn't be convinced by 7%, I'll be waiting to see if the market falls more than that... Link to post Share on other sites More sharing options...
Roh96 6th Gear January 16, 2013 Share January 16, 2013 I'm looking to buy now - but wouldn't be convinced by 7%, I'll be waiting to see if the market falls more than that... It would be interesting to see how those flippers react and rushing to the same exit. Link to post Share on other sites More sharing options...
Darryn Turbocharged January 16, 2013 Share January 16, 2013 It would be interesting to see how those flippers react and rushing to the same exit. Not hard to predict - they will stab each other in the back, as soon as the market starts to slide, then buyers have more incentive to wait. So it depends on who has the biggest balls I guess. Link to post Share on other sites More sharing options...
Roh96 6th Gear January 16, 2013 Share January 16, 2013 Not hard to predict - they will stab each other in the back, as soon as the market starts to slide, then buyers have more incentive to wait. So it depends on who has the biggest balls I guess. Most of the flippers are infact property agents. They grab the units first and release the remaining to public. All thanks to them that artificially inflated the demand and prices. I believe oversupply already kicks in, and will be worsen over the next few years. If prices start sliding from now and over 10% over the next 12 mths, those flippers can kiss goodbye to their profit. Ho seh! Link to post Share on other sites More sharing options...
Mustank Hypersonic January 16, 2013 Share January 16, 2013 I'm looking to buy now - but wouldn't be convinced by 7%, I'll be waiting to see if the market falls more than that... http://forums.condosingapore.com/showthread.php?t=16491 Link to post Share on other sites More sharing options...
Cars08 1st Gear January 16, 2013 Share January 16, 2013 Talk so much about measures...jus another knee jerk effect...ppl will forget and continue to buy....u wanna wait...wait lor... Link to post Share on other sites More sharing options...
Darryn Turbocharged January 16, 2013 Share January 16, 2013 http://forums.condosingapore.com/showthread.php?t=16491 I know Link to post Share on other sites More sharing options...
ShepherdPie 5th Gear January 16, 2013 Share January 16, 2013 (edited) Talk so much about measures...jus another knee jerk effect...ppl will forget and continue to buy....u wanna wait...wait lor... yeah.. the mkt is under gong tao liao.. everyone think the mkt will not drop at all... just that not enuff $$ to pay the levy here and there... i dun think oversupply will kill the mkt or the interest rate.. It's when ppl realised that they put in 4k mthly... but return is only 3k or worse cannot rent out.. then ppl will start to rush to exit.. then the big crash will come when everyone under gong tao again.. that the mkt will never pick up again. Just see london for example... interest rate never pick up, supply is tight but still not many dare to buy... Edited January 16, 2013 by ShepherdPie Link to post Share on other sites More sharing options...
Roh96 6th Gear January 16, 2013 Share January 16, 2013 http://forums.condosingapore.com/showthread.php?t=16491 Is there a forum for HDB? Link to post Share on other sites More sharing options...
Wyfitms Twincharged January 16, 2013 Share January 16, 2013 if property price corrected >20% (ie: 20% downpayment + 80% loan), got margin call for the loan? haha ... i think is very unlikely la ... $1M lost $200K ... many will jump Dun think singaporeans will jump over $200k. That's just the price of a car only. And so many households are making over $200k pa nowadays. Maybe if it's $800K ($200k X 4 properties). Link to post Share on other sites More sharing options...
Wyfitms Twincharged January 16, 2013 Share January 16, 2013 yeah.. the mkt is under gong tao liao.. everyone dun think the mkt will drop at all... just that not enuff $$ to pay the levy here and there... i dun think oversupply will kill the mkt or the interest rate.. It's when ppl realised that they put in 4k mthly... but return is only 3k or worse cannot rent out.. then ppl will start to rush to exit.. then the big crash will come when everyone under gong tao again.. that the mkt will never pick up again. Just see london for example... interest rate never pick up, supply is tight but still not many dare to buy... wun happen so soon. Interest rates so low today. Even with rental yield of 2% also ppl will rush in... cos many bankers are reminding ppl that their savings account only gives 0% interest. Link to post Share on other sites More sharing options...
Mustank Hypersonic January 16, 2013 Share January 16, 2013 I know Hope you huat! Link to post Share on other sites More sharing options...
ShepherdPie 5th Gear January 16, 2013 Share January 16, 2013 (edited) wun happen so soon. Interest rates so low today. Even with rental yield of 2% also ppl will rush in... cos many bankers are reminding ppl that their savings account only gives 0% interest. interest rate low .. you still need to pay 3k for a 1.2 mil unit.. if you cannt rent out, effective you are bleeding.. its not a matter of yield....... if you bleeding 3k a mth, will you continue to hold? put in the bank, you dun see blood.. just inflation sucking you slowly.. Imagine, you earn 20k, every mth you lose 3k for "nothing" ... you will let go to realised your profit .. no matter what.. Edited January 16, 2013 by ShepherdPie Link to post Share on other sites More sharing options...
Darryn Turbocharged January 16, 2013 Share January 16, 2013 interest rate low .. you still need to pay 3k for a 1.2 mil unit.. if you cannt rent out, effective you are bleeding.. its not a matter of yield....... if you bleeding 3k a mth, will you continue to hold? put in the bank, you dun see blood.. just inflation sucking you slowly.. Imagine, you earn 20k, every mth you lose 3k for "nothing" ... you will let go to realised your profit .. no matter what.. Worse, imagine you have two mortgage, so must come up with cash (not enough in CPF), and your take home is in the 8-12k region. Can sustain or not? Link to post Share on other sites More sharing options...
Mustank Hypersonic January 16, 2013 Share January 16, 2013 Is there a forum for HDB? Myhometown forum But kns one, inside all rubbish, condosingapore got many learned people inside, best is go and listen for free lessons Link to post Share on other sites More sharing options...
Bighero Neutral Newbie January 16, 2013 Share January 16, 2013 i am also looking to buy. looking at district 5...any upside potential in D5? Link to post Share on other sites More sharing options...
Enye Hypersonic January 16, 2013 Share January 16, 2013 (edited) If the MC and condo manager (usually an outsourced employee of a building management company) are on-the-ball, fix and maintain everything as they should, age should not matter one bit. I currently live in a 21 year old condo and everything, tennis courts, swimming pool, lobby, wall cladding, common toilets and showers, car parks, sewerage, leaks, paint weathering, electrical system of building, had been fixed as soon as problems cropped up and everything is currently in tip top condition. So if the condo you view is in a really bad condition, somebody is not doing his job and it will be a condo to avoid. 21 year old atas condo in D9 is different from 10 year old EC in hougang built by China construction firm Edited January 16, 2013 by Enye ↡ Advertisement Link to post Share on other sites More sharing options...
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