Showster Twincharged January 21, 2020 Share January 21, 2020 32 minutes ago, Wt_know said: i'm more concern $4K (new low salary) go buy $555K hdbeeeeeee Per spouse lah ↡ Advertisement 1 Link to post Share on other sites More sharing options...
Wt_know Supersonic January 21, 2020 Share January 21, 2020 (edited) 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 January 21, 2020 by Wt_know Link to post Share on other sites More sharing options...
Showster Twincharged January 21, 2020 Share January 21, 2020 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). 1 Link to post Share on other sites More sharing options...
Wt_know Supersonic January 21, 2020 Share January 21, 2020 ok. keyword salary grow a lot ... by age 30 huat until siao no $15K no talk (per spouse) Link to post Share on other sites More sharing options...
therock Supersonic January 21, 2020 Share January 21, 2020 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? 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 More sharing options...
Roh96 6th Gear January 21, 2020 Share January 21, 2020 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 More sharing options...
Showster Twincharged January 21, 2020 Share January 21, 2020 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. 1 Link to post Share on other sites More sharing options...
therock Supersonic January 21, 2020 Share January 21, 2020 Something interesting I found: There are 5 types of road in SG: https://remembersingapore.org/2018/08/15/singapore-street-suffixes/ 2 Link to post Share on other sites More sharing options...
Soya Supersonic January 22, 2020 Share January 22, 2020 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 More sharing options...
therock Supersonic January 22, 2020 Share January 22, 2020 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 1 Link to post Share on other sites More sharing options...
Showster Twincharged January 22, 2020 Share January 22, 2020 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. 2 Link to post Share on other sites More sharing options...
Soya Supersonic January 23, 2020 Share January 23, 2020 (edited) 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 January 23, 2020 by Soya Link to post Share on other sites More sharing options...
Showster Twincharged January 23, 2020 Share January 23, 2020 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... 2 Link to post Share on other sites More sharing options...
Wt_know Supersonic January 23, 2020 Share January 23, 2020 (edited) 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 January 23, 2020 by Wt_know Link to post Share on other sites More sharing options...
Soya Supersonic January 23, 2020 Share January 23, 2020 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 1 Link to post Share on other sites More sharing options...
Showster Twincharged January 23, 2020 Share January 23, 2020 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? 1 Link to post Share on other sites More sharing options...
Showster Twincharged January 23, 2020 Share January 23, 2020 (edited) 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 January 23, 2020 by Showster 1 Link to post Share on other sites More sharing options...
PropSG 2nd Gear January 24, 2020 Share January 24, 2020 [DONE DEALS] Residential transactions with contracts dated Jan 7 to 14 https://www.edgeprop.sg/property-news/residential-transactions-contracts-dated-jan-7-14-done-deals ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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