Jump to content

Singapore Private Property prices still up or down? Part III


pChou
 Share

Recommended Posts

46 minutes ago, Showster said:

Per spouse lah

$8K salary is big fck nowadays?

in the good old days hdb ceiling was $8k

and hdb was selling at $250k

Edited by Wt_know
Link to post
Share on other sites

5 minutes ago, Wt_know said:

$8K salary is big fck nowadays?

in the good old days hdb ceiling was $8k

and hdb was selling at $250k

Now if sincerely want 250k flat, still have what... 

The article was referring to maximum affordability. 

Why can't they choose more central or larger flats if they so choose? This is especially if they are just starting to work and salaries are expected to grow (a lot). 

  • Praise 1
Link to post
Share on other sites

2 hours ago, Wt_know said:

$16K nia want to stay in a $2.7M terrace house?

go temple flower wash you kena ballot for EC better

what are these guys smoking? [laugh]

2020-01-21_172605.jpg

2020-01-21_172618.jpg

The caveat is the lack of any other loans, which is unrealistic...

Besides these websites need to make property exciting and affordable, otherwise our market will be dead..

Link to post
Share on other sites

28 minutes ago, therock said:

The caveat is the lack of any other loans, which is unrealistic...

Besides these websites need to make property exciting and affordable, otherwise our market will be dead..

I think you are right, must try every mean to make property looks affordable. Why? Bcos local buyers make up 80% of the transaction. If this pool dry up, the market will be dead. 

Link to post
Share on other sites

1 hour ago, Roh96 said:

I think you are right, must try every mean to make property looks affordable. Why? Bcos local buyers make up 80% of the transaction. If this pool dry up, the market will be dead. 

The chart is only for new sales based on salaries and savings lor.

Upgraders coming out of MOP who have fulfilled the projected salary increases over the last 5 years will be swamping the market from 2020. Private upgraders too.

They also have a property to sell to upgrade usually with some profits.

They need a different chart.

  • Praise 1
Link to post
Share on other sites

13 hours ago, therock said:

The caveat is the lack of any other loans, which is unrealistic...

Besides these websites need to make property exciting and affordable, otherwise our market will be dead..

Think the article is created for property agents to show their prospects that 'experts' hv confirmed that their $8k household income can afford $1.3M heartland condo as 'investment'

No wonder everytime got some condo launch even in ulu location, showflat maciam fish market liddat...

 

 

Link to post
Share on other sites

There are quite a few 99 LH landed coming into the market

these type of property is interesting.. hard to en bloc and difficult to sell and the owners still want to make $$

anyway when looking for landed its best to get FH

 

  • Praise 1
Link to post
Share on other sites

13 hours ago, Soya said:

Think the article is created for property agents to show their prospects that 'experts' hv confirmed that their $8k household income can afford $1.3M heartland condo as 'investment'

No wonder everytime got some condo launch even in ulu location, showflat maciam fish market liddat...

 

 

Actually can for investment but not that ideal for own stay unless there is a good HDB to trade in.

If can trade in a HDB for 800k to 1 million, what’s left is merely about half a million.

If can rent out existing fully paid HDB or private to do a second purchase for investment, the mortgage to pay is more than halved already.

Why cannot leh? Everyone I have seen do this are happily shaking leg.

  • Praise 2
Link to post
Share on other sites

10 hours ago, Showster said:

Actually can for investment but not that ideal for own stay unless there is a good HDB to trade in.

If can trade in a HDB for 800k to 1 million, what’s left is merely about half a million.

If can rent out existing fully paid HDB or private to do a second purchase for investment, the mortgage to pay is more than halved already.

Why cannot leh? Everyone I have seen do this are happily shaking leg.

Wah sei....how come owners of 'subsidised' public housing can buy private property and shake leg while owners of unsubsidised private property cannot buy market price unsubsidised resale public housing and shake leg ah?

 

Edited by Soya
Link to post
Share on other sites

2 hours ago, Soya said:

Wah sei....how come owners of 'subsidised' public housing can buy private property and shake leg while owners of unsubsidised private property cannot buy market price unsubsidised resale public housing and shake leg ah?

 

Can. Buy public housing, sell existing private, satisfy 5 year MOP, then buy private again. Nothing stopping really...

  • Praise 2
Link to post
Share on other sites

8 minutes ago, Showster said:

Can. Buy public housing, sell existing private, satisfy 5 year MOP, then buy private again. Nothing stopping really...

yes just that those buy hdb first has a first hand advantage ...

huat until siao when their salary grew to $20k per spouse ... 

Edited by Wt_know
Link to post
Share on other sites

13 minutes ago, Showster said:

Can. Buy public housing, sell existing private, satisfy 5 year MOP, then buy private again. Nothing stopping really...

Actually my question was rhetorical. We know the real answer 

 

  • Praise 1
Link to post
Share on other sites

1 hour ago, Wt_know said:

yes just that those buy hdb first has a first hand advantage ...

huat until siao when their salary grew to $20k per spouse ... 

The advantage is open to everybody. As long as they willing to serve 5 year MOP.

BTO also has to wait for years to construct leh. Rent?

  • Praise 1
Link to post
Share on other sites

1 hour ago, Wt_know said:

yes just that those buy hdb first has a first hand advantage ...

huat until siao when their salary grew to $20k per spouse ... 

I also know such people. Already swapped their Punggol HDB for two private FH loh. Why bother to keep if the income rose to such levels?

Edited by Showster
  • Praise 1
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

×
×
  • Create New...