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

RadX

By RadX,
in Property Buzz

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Hypersonic

www.edgeprop.sg/property-news/homes-wealthy-—-larger-plots-and-higher-prices-gcbs

Homes for the wealthy — larger plots and higher prices for GCBs

Jan 3, 2019

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Showster

Showster

Twincharged
(edited)

subprime is not about having money to pay in full.

Subprime is created because a bus driver in America can buy 5 bungalow on high loan with low deposit

 

When the crisis hit, the bus driver don't even need to declare bankrupt but let the bank take back the deed because he already flips a few times liao.

 

The bank eventually because the one holding the baby.

 

And hence, if there are new entrant to the market , maybe just started work a few years and just got married and wants to buy a flat, how do you determine the individual can pay the 30 year loan ?

 

As for full cash, HDB will need to know where the full cash is from to prevent money laundering.

Same as any bank.

 

I am sure those who bought house would also have received a "nice" notice from IRAS in how we manage to buy the house

Firstly I know what is sub prime and was pointing out to bro Roh96 the stark contrast of US vs SG.

 

Secondly, this HDB story is from one of the thread here and it makes sense to me. Imagine a tycoon coming here to retire and paying for a HDB in full. Allow / not allow?

 

Thirdly, in many cases, public housing such as HDB and semi-public housing such as EC really has more stringent conditions for financing based on MSR of 30% as compared to private that is only limited by TDSR of 60%.

Edited by Showster
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Twincharged

Don't expect Singapore's private home prices to match growth of 2018:

Read more at https://www.channelnewsasia.com/news/singapore/private-home-prices-2019-outlook-growth-2018-11079606

Jan 2, 2019

“Mr Koh added that it could be a muted year for the property market. "We could see private home prices increase by a healthy 2 to 3 per cent in 2019, which means only an increase of 0.1 to 0.5 per cent per quarter," he said.

With more new launches in the pipeline, 2019 is likely to be more of a buyers' rather than sellers' market, said Mr Ku, who predicts a "3 to 5 per cent drop" in private home prices as compared to 2018.

 

Read more at https://www.channelnewsasia.com/news/singapore/private-home-prices-2019-outlook-growth-2018-11079606”

 

Let’s bookmark it here for reference to see who is more accurate 1 year later.

 

Everybody huat!

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Wt_know

Wt_know

Supersonic
(edited)

spore property is 2-3% price increase perpetuality for the next SG100 yesrs liao

need simi sai sexpert to say meh

Edited by Wt_know
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Twincharged
(edited)

spore property is 2-3% price increase perpetuality for the next SG100 yesrs liao

need simi sai sexpert to say meh

If 3% increase, a 1 mil property today supported by 10,000 monthly income would cost 1.34 mil 10 years later supported by 13,400 monthly income 10 years later, and 2.4 mil 30 years later supported by $24,000 monthly income 30 years later.

 

What’s the issue?

 

The only issue is that those with the income today choose to wait till tomorrow to buy in tomorrow’s conditions, or those with the income yesterday try to get yesterday’s prices in today’s market.

Edited by Showster
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Sdf4786k

Sdf4786k

Twincharged

If 3% increase, a 1 mil property today supported by 10,000 monthly income would cost 1.34 mil 10 years later supported by 13,400 monthly income 10 years later, and 2.4 mil 30 years later supported by $24,000 monthly income 30 years later.

 

What’s the issue?

 

The only issue is that those with the income today choose to wait till tomorrow to buy in tomorrow’s conditions, or those with the income yesterday try to get yesterday’s prices in today’s market.

 

two group of people

 

Those that Miss the boat and want to gain back that feeling of - " see, so what, I also bought it at ultra low price .."  idealist 

 

Or

 

"Ai jia .. dont kang chiong, trade war lye liao, soon enough property agent would beg you to buy like Meadow @ peirce " simi MRT new by all how siao one.. 

 

So the wait continues and continues, and the frastration continues and eventually blame everyone, blame chenhu, blame no money, blame economy, blame ABSD, 

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Twincharged

errrr dont match meaning ? price drop ? :D Even Manhattan NY price is dropping

Been there, done that from 2013 to 2017.
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