Dp26 5th Gear August 4, 2020 Share August 4, 2020 Not really that way but that 100k can be used to payoff your installments for the next 48 months. that 100k parked in the bank pledged will be able to “offset” that ↡ Advertisement Link to post Share on other sites More sharing options...
Chongster 6th Gear August 4, 2020 Share August 4, 2020 10 hours ago, ToyotaShuttle said: Is this really part of the formula? Don't sound right. increasing monthly gross income by $2083 for a 100k pledge means you expect a 25% return? MAS must be crazy i would have thought you just take the 100k off the total debt in your calculation. 1 Link to post Share on other sites More sharing options...
Showster Twincharged August 4, 2020 Share August 4, 2020 The Govt should not have implemented any cooling measures and let the prices run something like 70% higher. Now for sure will have some fire sales! 1 Link to post Share on other sites More sharing options...
Wt_know Supersonic August 4, 2020 Share August 4, 2020 (edited) 10 minutes ago, Showster said: The Govt should not have implemented any cooling measures and let the prices run something like 70% higher. Now for sure will have some fire sales! invisible hand .... everything must touch .... Edited August 4, 2020 by Wt_know Link to post Share on other sites More sharing options...
car50 Twincharged August 4, 2020 Share August 4, 2020 On 8/3/2020 at 1:22 PM, Arcachon said: https://sg.finance.yahoo.com/news/now-good-time-buy-property-170605777.html Market watchers pointed out that the pressure to lower property prices in the resale market will become stronger because home sellers may not have as strong holding power as developers. Agree, that is the reason MAS step in to help 34,000 property owners. Now is there pressure to sell or to hold. "Such sellers will also face competition from the increasing supply of new homes" Disagree, en bloc, and GLS already almost zero how to increase the supply of new homes, and the delay of completion made it even worst. Not to forget the MOP HDB upgrader coming this year onward. https://www.propertyguru.com.sg/property-management-news/2020/1/185612/around-20000-hdb-units-annually-to-hit-mop-starting-2020 and the lack of incoming foreign entrants, which can further limit these property owners from making alternative rental income from their properties. Agree for the new launches, those resales already got the tenant and this year's number of unit completion is at the lowest. On 8/3/2020 at 1:22 PM, Arcachon said: As a result, it is a matter of time before these owners will succumb to the market pressures and choose to sell their properties at a discounted price. This is what 80% is waiting while the 20% 4.75% busy adding their property count. If your household got only 1 property please don't tell people you are a property investor, your property is your liability until you sell at a profit. https://sg.finance.yahoo.com/news/now-good-time-buy-property-170605777.html Just checked prices of some of the popular condos Most still asking at historic peak prices Looks like most got holding power with historic low interest rates Wondering when will the fire sales appear if at all A few % drop overall may have little real meaning or impact for individual buyers of their favourite properties 2 Link to post Share on other sites More sharing options...
Showster Twincharged August 4, 2020 Share August 4, 2020 7 minutes ago, car50 said: Just checked prices of some of the popular condos Most still asking at historic peak prices Looks like most got holding power with historic low interest rates Wondering when will the fire sales appear if at all A few % drop overall may have little real meaning or impact for individual buyers of their favourite properties I still remember it happened to me in 2011/2012. Every piece of news said property sure going to do bad. Too much supply, sure have fire sales for weak sellers. In forums, there will be the doom sayers and shit-hits-fan theorists. Prices cheong month on month for almost two years straight during that period! 2 Link to post Share on other sites More sharing options...
Wt_know Supersonic August 4, 2020 Share August 4, 2020 (edited) 2 minutes ago, Showster said: I still remember it happened to me in 2011/2012. Every piece of news said property sure going to do bad. Too much supply, sure have fire sales for weak sellers. In forums, there will be the doom sayers and shit-hits-fan theorists. Prices cheong month on month for almost two years straight during that period! yes you are right .... i have given up in spore ... property price has only 1 way to go ... there is no right turn .. left turn ... no round about no u-turn it's going straight all the way ... only step accelerator heavy or light only ... huat ah! Edited August 4, 2020 by Wt_know 1 Link to post Share on other sites More sharing options...
ToyotaShuttle 5th Gear August 4, 2020 Share August 4, 2020 (edited) 3 hours ago, Chongster said: i would have thought you just take the 100k off the total debt in your calculation. yah. that;s the most reasonable thing to do... divide by 24 months is seriously wtf. mas fella out of his mind Edited August 4, 2020 by ToyotaShuttle Link to post Share on other sites More sharing options...
Showster Twincharged August 5, 2020 Share August 5, 2020 10 hours ago, Wt_know said: yes you are right .... i have given up in spore ... property price has only 1 way to go ... there is no right turn .. left turn ... no round about no u-turn it's going straight all the way ... only step accelerator heavy or light only ... huat ah! In years when economy is stable, the Govt (via MAS) has more ammunition to strengthen the currency. When that happens, SGD appreciates relative to other currencies. Property prices in SG can be held during that period, i.e. the price stays stagnant and in SGD terms, the price never increased. The last 7 years or so fell into that period. During and after crises when many things are out of the control of the Govt, that's when the currency depreciates just like other currencies, which means gold and property prices will increase for a few years, especially the period after the crisis appears under control. Refer to 2008-2013 for that kind of period, especially the second half of 2009 onwards. 1 Link to post Share on other sites More sharing options...
Mm63 1st Gear August 6, 2020 Share August 6, 2020 On 8/5/2020 at 9:27 AM, Arcachon said: Property investor level. Level 6: 1,240,649 own 1 property 90.4%Level 5: 381,000 own 1 private residential property 30.7%Level 4: 57,150 (15% of 381,000) own a HDB 4.6%Level 3: 59,000 own 2 private residential properties 4.75%Level 2: 20,000 own 3 to 10 private residential properties. 1.61%Level 1: < 200 own more than 10 of such properties. 0.016% The number of Resident Households in 2019 was 1,372,4000. 90.4% of 1,372,4000 = 1,240,649 units I understand the 90.4% number is from Singstat but how do you arrive at the level 1 to 5 numbers? May I ask what is the source? Link to post Share on other sites More sharing options...
Wt_know Supersonic August 10, 2020 Share August 10, 2020 (edited) mcf property master and friends at least hold 1/3 of spore properties? lol Edited August 10, 2020 by Wt_know Link to post Share on other sites More sharing options...
Throttle2 Supersonic August 10, 2020 Share August 10, 2020 5 minutes ago, Wt_know said: mcf property master and friends at least hold 1/3 of spore properties? lol Confirmed....huat ah! Link to post Share on other sites More sharing options...
therock Supersonic August 20, 2020 Share August 20, 2020 https://www.youtube.com/watch?v=yjGbYb-mXeg Grass is always greener - treasure what we have... 2 Link to post Share on other sites More sharing options...
therock Supersonic August 23, 2020 Share August 23, 2020 https://www.straitstimes.com/business/invest/making-sense-of-sibor-and-sora Quote The Singapore Interbank Offered Rate is set to transition to a new benchmark in three to four years Zhang Weina and Ruth Tan There have been much talk about Sibor and Sora lately. Here is how they matter to you. SIBOR The Singapore Interbank Offered Rate (Sibor) is based on the interest rates reported by member banks in Singapore when lending unsecured funds denominated in Singapore dollars. It is a daily average rate that is administered by the ABS Benchmarks Administration Co (ABS Co) since July 2015. Currently, 20 member banks contribute to the calculation of Sibor. They are the three local banks (DBS, OCBC and UOB); eight banks from the Asia-Pacific region (Australia and New Zealand Banking Group, The Bank of Tokyo-Mitsubishi UFJ, Bank of China, CIMB Bank, HSBC, Mizuho Bank, Malayan Banking and Sumitomo Mitsui Banking Corporation); and nine international banks (Barclays Bank, Credit Swiss, Citibank, Bank of America, BNP Paribas, Deutsche Bank, Standard Chartered Bank, JP Morgan Chase Bank and UBS). If fewer than 12 banks submit their quotes, the Sibor rate will be unavailable for that day. After deleting the top and bottom quartiles, the remaining rates (which should come from at least 10 banks) are averaged to get the day's Sibor. Sibor has been the benchmark interest rate not only for Singapore but also for other Asian economies. This is to a great extent due to Singapore's political stability and reliability as an Asian financial hub. Sibor has a term structure of one-month, three-month, six-month and 12-month. The one-month and three-month Sibor are the most popular benchmarks. The six-month and 12-month are less widely used and will be discontinued from end-2021 and end-2020 respectively. Sibor commonly serves as the benchmark interest rate for debt instruments such as commercial loans, syndicated loans, mortgages, trade financing and working capital financing, and for currency and interest rate swaps in Asia. It is applied to debt instruments by adding a credit spread to the quoted rate, for example, three-month Sibor plus a spread of 25 basis points. SORA The Singapore Overnight Rate Average (Sora) is the rate for unsecured overnight interbank Singapore dollar transactions brokered in Singapore daily between 8am and 6.15pm. Sora has been published by the Monetary Authority of Singapore (MAS) since July 1, 2005. On July 19, the Association of Banks in Singapore (ABS), ABS Co, SFEMC (Singapore Foreign Exchange Market Committee) and SC-STS (Steering Committee for SOR Transition to Sora) released a consultation paper proposing the phasing out of Sibor over the next three to four years in favour of Sora. The financial industry has, till the end of next month, to provide its feedback before a final verdict on the fate of Sibor is passed. On Aug 5, the MAS announced key initiatives to provide more clarity on the reporting of Sora which will be administered by the MAS. Link to post Share on other sites More sharing options...
Showster Twincharged August 27, 2020 Share August 27, 2020 https://www.businesstimes.com.sg/government-economy/fed-seen-holding-rates-at-zero-for-five-years-in-new-policy How many five years (or longer) will we get in our lives??? Link to post Share on other sites More sharing options...
ToyotaShuttle 5th Gear August 27, 2020 Share August 27, 2020 On 8/25/2020 at 5:47 PM, Arcachon said: Just another interest rate to confuse consumers, the investor unbothered they just go for the lowest rate. How do anyone determine the lowest rate if you can't even understand the benchmark your loan is pegged to? Link to post Share on other sites More sharing options...
Wt_know Supersonic September 13, 2020 Share September 13, 2020 ya'll think property is down due to covid? tan ku ku until cows come home la age 32 buy million dollar view liao ... 1 1 Link to post Share on other sites More sharing options...
Throttle2 Supersonic September 13, 2020 Share September 13, 2020 Oh wow, face and body plastered on ST, with hands in pockets and million dollar property at 32. Made it already..... muayhahahaha....... Huat ah! ↡ Advertisement Link to post Share on other sites More sharing options...
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