Private Property prices......still up or down? Part II

[retrozz]

You are right about the changing rules in Malaysia. But Singapore also not much different in the future with all the loans controls, stamp duty changes and the tax noises coming.

[BanCoe]

82 units sold for Amber45 yday

Almost all the 60 units of 2-br all gone

It is about the quantum game

2-br 614/700sqft selling for $1.5m-1.7m

 

Looks like no one is bothered what happens with HSR or across the causeway up north

Edited May 13, 2018 by BanCoe

[LPPL]

82 units sold for Amber45 yday

Almost all the 60 units of 2-br all gone

It is about the quantum game

2-br 614/700sqft selling for $1.5m-1.7m

 

Looks like no one is bothered what happens with HSR or across the causeway up north

1.5 million for a 700sqft mickey mouse? People paying good money to torture themselves these days Lol Edited May 13, 2018 by LPPL

[BanCoe]

1.5 million for a 700sqft mickey mouse? People paying good money to torture themselves these days Lol

Despite whatever that’s going on across the Causeway and low rental yields only our Guru @mercs got the

Edited May 13, 2018 by BanCoe

[retrozz]

$1.5 million to stay still ok bah. The layout for Amber45 seems much better than some new projects in Paya Lebar.

Those for investment, you are right. Might have some fingers burnt. If can't get rental $5,500 per month, money better left put in CPF.

Looking at rentals recently, it's about $1,200 per room. 

 

If Cost of living gets too high to "support" those with fallancy for "property sure can flip" notion, then better pay attention to history. Even Malaysia opposition can ride on the tailcoats of dissent, and Dr M now back in power; there are some folks here sure worried. Those not bothered are definitely property agents and short term speculators, haha.

[BanCoe]

$1.5 million to stay still ok bah. The layout for Amber45 seems much better than some new projects in Paya Lebar.

Those for investment, you are right. Might have some fingers burnt. If can't get rental $5,500 per month, money better left put in CPF.

Looking at rentals recently, it's about $1,200 per room.

 

If Cost of living gets too high to "support" those with fallancy for "property sure can flip" notion, then better pay attention to history. Even Malaysia opposition can ride on the tailcoats of dissent, and Dr M now back in power; there are some folks here sure worried. Those not bothered are definitely property agents and short term speculators, haha.

For $5,000++ per month the whole of Meyer road is yours for cherry

[LPPL]

For $5,000++ per month the whole of Meyer road is yours for cherry ð picking with at least 1,500++ sq ft configuration and nearer to CBD too

These new breed of mickey mouse home owners got no concept of space.

[kdash]

Old HDB Flats: Assets Losing Their Value?

 

http://www.channelnewsasia.com/news/singapore/old-hdb-flats-assets-losing-their-value-10224402

[Sdf4786k]

These new breed of mickey mouse home owners got no concept of space.

 

try this ..

 

 

 

 

 

 

Using the Benchmark HK in terms of cost and size, we going to reach there soon

 

 

Edited May 13, 2018 by Sdf4786k

[antelop]

Amber 45

 

Price for a 2 bdrm:

 

$2300psf x 700sf = $1.61m

 

rent:

$6psf x 700s = $4200

 

Maintenance: $600

 

Property tax: $350

 

Agenct comm: $175 (=4200÷24)

 

nett rental:

$4200 - $600 - $350 - $175 = $3078

 

nett annual rental: $36,000

 

nett yield:

 

36,000 ÷ 1,600,000

 

= 2.2%

 

 

And that's provided u can get $6psf rent haha..

 

https://goo.gl/images/u5xrdh

[Roh96]

Only 2.2% yield? If u minus the mortage interest, i think only left 1.2%. Haha..

Seriously, i think FD is a better option. Haha

[therock]

Is it possible to get 6k rent for it ? That's the real question..

[Mkl22]

Is it possible to get 6k rent for it ? That's the real question..

 

4.2k for 700sqft. even that is rather high..

 

many other choices along east coast.

Only 2.2% yield? If u minus the mortage interest, i think only left 1.2%. Haha..

Seriously, i think FD is a better option. Haha

 

some believe in 10 years it will be 3000psf.

[LPPL]

Only 2.2% yield? If u minus the mortage interest, i think only left 1.2%. Haha..

Seriously, i think FD is a better option. Haha

Get a quasi govt bond can achieve more than 2% easily. Really don't know what is on the mind of those who bought amber 45.

[Enye]

maybe just simply they are rich

 

just wanna park their millions anywhere

 

no need to care about yield

 

why you all laugh at these people?

 

i envy them leh

 

[Sunny]

maybe just simply they are rich

 

just wanna park their millions anywhere

 

no need to care about yield

 

why you all laugh at these people?

 

i envy them leh

 

 

Elite, i envy you most

 

my idle Idol 

[Enye]

Elite, i envy you most

 

my idle Idol 

 

hello yandao towkay....bought your atas condo already?

 

[Roh96]

Get a quasi govt bond can achieve more than 2% easily. Really don't know what is on the mind of those who bought amber 45.

 

I can think of a few reasons why ppl are jumping in blindly.

 

1) They saw from the enbloc wave how ppl became millionaire overnight. Many think they can be like the enbloc owners one day.

2) They think property investment is the safest bet. Many think property will only go up (linearly or exponentially). Property agents are telling them to see "long term", don't focus on short term rental.

3) They think population will go up to 6.9M or more by 2030. So better buy now.

4) CM is here to stay, and more CM may come soon. So better buy early.

5) Money put in bank is useless, the interest is not enough to hedge against inflation.

6) Bragging right. U can go around telling others u have another property. haha..

 

Enough reasons?