Jump to content

Upgrade to EC

Starhub

By Starhub,
in Lite & EZ

 Share

Recommended Posts

Kusje

Kusje

Supersonic
(edited)

you are referring to shoe box size units and i doubt the new HDB ruling will allow that kind of floor area

deem as not suitable for nuclea family size.

 

average is between 900 to 1100, similar to HDB 4 and 5 rm flat size

 

 

Yes, under the old rules, there was no cap. Right now, the cap on the newly released ones is 1600 sf if you don't have an extended family.

 

Still fairly large no?

Edited by Kusje
↡ Advertisement
Link to post
Share on other sites
Hosaybo

Hosaybo

6th Gear

I think one of the reason HDB is rolling out land parcel in EC is to ensure that more hdb resale have to get out of the mkt.

 

A person/family earning about 10 to 12K, if they save up properly, they shuld be able to afford a 20% downpayment for a 1.2 million sur-urban condo and they get to keep their HDB flat for rental. The rental is at least able to pay for a substantial portion of the mortgage. Most will go this route if not for the additional &% stamp duty.

 

 

Link to post
Share on other sites
Mustank

Mustank

Hypersonic

I think one of the reason HDB is rolling out land parcel in EC is to ensure that more hdb resale have to get out of the mkt.

 

A person/family earning about 10 to 12K, if they save up properly, they shuld be able to afford a 20% downpayment for a 1.2 million sur-urban condo and they get to keep their HDB flat for rental. The rental is at least able to pay for a substantial portion of the mortgage. Most will go this route if not for the additional &% stamp duty.

 

That's why I suspect hdb releasing ec land so that resale hdb are released into the market

Link to post
Share on other sites
Wt_know

Wt_know

Hypersonic
(edited)

the resale of hdb will only hit the market in 2016/2017 when many of the late 2012/2013 EC TOP ...

 

hence, for the next 3 years, hdb resale will still inch up gradually and sustain the entire property market

 

 

That's why I suspect hdb releasing ec land so that resale hdb are released into the market

Edited by Wt_know
Link to post
Share on other sites
Maxus-MIFA9

Maxus-MIFA9

Supersonic

Not to 'throw cold water' here ... -_-

 

I had some discussions with my friends who are in properties lines last week and was advised to hold back invest or buy private properties for now and wait till next year. Properties bubbles had been bursting in the West & European countries for the past years and now PRC also facing the same crunchs. Will able to see what coming in SG by year end. :ph34r:

Link to post
Share on other sites
Kangadrool

Kangadrool

Supersonic

Not to 'throw cold water' here ... -_-

 

I had some discussions with my friends who are in properties lines last week and was advised to hold back invest or buy private properties for now and wait till next year. Properties bubbles had been bursting in the West & European countries for the past years and now PRC also facing the same crunchs. Will able to see what coming in SG by year end. :ph34r:

 

too many people have been singing this song. Of course, it will come true one day, but.... :D

Link to post
Share on other sites
Maxus-MIFA9

Maxus-MIFA9

Supersonic

too many people have been singing this song. Of course, it will come true one day, but.... :D

 

from any properties agents I believe 'singing this song' but from 30 yrs buddies who happen to be also properties agent, then I will consider ... [sweatdrop]

Link to post
Share on other sites
ShepherdPie

ShepherdPie

5th Gear

too many people have been singing this song. Of course, it will come true one day, but.... :D

 

http://www.npr.org/templates/story/story.p...toryId=88156284

 

just a word of cautious.. if you have 300k and a fully paid hdb.. you can buy anything.. but make sure you have enough to tong 5 yrs w/o income.

 

.....

Japanese investors believed they had broken free of the usual boom-and-bust cycles. Everyone assumed that prices would continue to climb indefinitely. "Even if some local property markets tanked, (Japanese investors) figured, a nationwide bust was almost unthinkable. They were very wrong," scolds The Economist magazine.

.....

Link to post
Share on other sites
ShepherdPie

ShepherdPie

5th Gear

the resale of hdb will only hit the market in 2016/2017 when many of the late 2012/2013 EC TOP ...

 

hence, for the next 3 years, hdb resale will still inch up gradually and sustain the entire property market

 

 

hmm.. why only hit the mkt in 2016/17 ? does they ec owner has to sell their hdb when their EC top in 2012/2013?

Link to post
Share on other sites
Jackpot

Jackpot

Neutral Newbie

yes I know and I will definitely not buy at this current price.

 

Actually hor I'm only looking at those smaller unit about 500sqft(FH somemore) around Geylang for my 2nd ppty.

Nevermind if pple call me low class but I think this type of units beat buying studio apt from HDB.

That's what I think.

Link to post
Share on other sites
Wt_know

Wt_know

Hypersonic
(edited)

yes, assuming EC TOP in 2016/2017 and the owner (upgrader) is staying in HDB currently

they got 6 months to sell their HDB once they got the key to move into the EC

EC and HDB ... both are public housing. both belongs to HDB. cannot hold EC and HDB simultenously.

 

hmm.. why only hit the mkt in 2016/17 ? does they ec owner has to sell their hdb when their EC top in 2012/2013?

Edited by Wt_know
Link to post
Share on other sites
Vinfang

Vinfang

Clutched

Buy or Hold ? Too many advise till i :wacko:

Of course having to start paying another loan is tiring .... unless loan period is less than 10 years then maybe still can consider.

 

Too bad I m not cash rich [bigcry]

Link to post
Share on other sites
Wt_know

Wt_know

Hypersonic
(edited)

it's ok as long as you are not staying there

plenty of people including FT don't mind to stay near Geylang

the problem is loan ... i think for Geylang freehold apartment, max loan is less than 80% even you have fully paid your hdb

 

yes I know and I will definitely not buy at this current price.

 

Actually hor I'm only looking at those smaller unit about 500sqft(FH somemore) around Geylang for my 2nd ppty.

Nevermind if pple call me low class but I think this type of units beat buying studio apt from HDB.

That's what I think.

Edited by Wt_know
Link to post
Share on other sites
Animian

Animian

Clutched

Buy or Hold ? Too many advise till i :wacko:

Of course having to start paying another loan is tiring .... unless loan period is less than 10 years then maybe still can consider.

 

Too bad I m not cash rich [bigcry]

 

CPF rich also can by private condo wat ...

 

it all boils down to what you really want lor ... given that EC price no diff from Pte Condo

 

what is it that is in EC that you see that private condo cant give you

Link to post
Share on other sites
Vinfang

Vinfang

Clutched

If psf prices can drop a bit more ... or at least some discount here and there .... then ^_^

I do not want to work n pay till retirement .....

Link to post
Share on other sites
Animian

Animian

Clutched

If psf prices can drop a bit more ... or at least some discount here and there .... then ^_^

I do not want to work n pay till retirement .....

 

u look at the way the developer bid the price ...u think can drop meh [laugh]

Link to post
Share on other sites
Jackpot

Jackpot

Neutral Newbie

it's ok as long as you are not staying there

plenty of people including FT don't mind to stay near Geylang

the problem is loan ... i think for Geylang freehold apartment, max loan is less than 80% even you have fully paid your hdb

 

 

I heard only 60%

Link to post
Share on other sites

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 account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share
Go to topic listing
×
×
  • Create New...