Mercs: property news & updates

[Mercs]

 

[Mercs]

 

[Mercs]

 

[Mercs]

 

[Mercs]

 

[Angcheek]

14 hours ago, Mercs said:

Thanks for the update. Agree, with the way psf prices is going even for OCR ...

2k psf for Shenton, new MRT , unblocked seaview  ... indeed reasonable! 😉

Got include Daily ERP or not ? 😜

[car50]

On 9/20/2019 at 6:38 PM, Mercs said:

https://www.edgeprop.sg/property-news/sale-unit-park-infinia-reaps-135-mil-profit

Sale of unit at Park Infinia reaps $1.35 mil profit

All those bought before 2010, handsome profits

Actually 2007 was a peak, so current peak way way super cedes previous peak

For current buyers, may have to wait for another 20 years or more to get decent profits  

[Showster]

2 hours ago, car50 said:

All those bought before 2010, handsome profits

Actually 2007 was a peak, so current peak way way super cedes previous peak

For current buyers, may have to wait for another 20 years or more to get decent profits  

True if decent means 60-80% gains.

It has already been preset to 2-3% annually.

Definitely will not overcome ABSD with any good profits within 5-10 years.

[Wt_know]

bao jiak 20 years rental + capital appreciation 60-80% ...

huat until siao ah!

Edited September 22, 2019 by Wt_know

[Theoldjaffa]

On 9/20/2019 at 10:13 PM, Mercs said:

So far already 2 fed cuts this year, may see 1 more coming year end.

But doubt low interest rates alone will make price Marikita lah,  as new launch psf already at a high new benchmark ... CMs/trade war/global uncertainty etc.

Property prices to remain stable for 2019 ... going forward surge in foreign demand ... to maintain a healthy sustainable UPtrend. 😉 😛

 

When fed increased rates my lender OCBC was quick to increase as well.

Now that rates were cut, OCBC didn't lower my rates. 🤬

Should I call them up to reprice now or wait for the next cut? Or will they even voluntarily reduce rates since I'm on floating plan?

Sorry ah Abit OT 😬

[Showster]

7 hours ago, Theoldjaffa said:

When fed increased rates my lender OCBC was quick to increase as well.

Now that rates were cut, OCBC didn't lower my rates. 🤬

Should I call them up to reprice now or wait for the next cut? Or will they even voluntarily reduce rates since I'm on floating plan?

Sorry ah Abit OT 😬

That tells us that SG is likely going to depreciate the currency again pretty soon. This will hold interest rate near 2% for next few years.

But if authorities don’t allow depreciation, interest rates will fall. 

Holding an asset / assets, just sit and watch show will do. International news also interesting to watch.

[Mercs]

On 9/21/2019 at 12:54 PM, Angcheek said:

Got include Daily ERP or not ? 😜

If already stay and also work in CBD, save on ERP and high parking fees ... huat ah! 😛

Edited September 22, 2019 by Mercs

[Mercs]

11 hours ago, car50 said:

All those bought before 2010, handsome profits

Actually 2007 was a peak, so current peak way way super cedes previous peak

For current buyers, may have to wait for another 20 years or more to get decent profits  

Yup, can't expect previous high gains within same duration as investment climate change with CMs, now ah gong take an upfront cut of 12-15% profit 😛 lol

Thats why I've always said ... 'SG property, always ideal to stay vested'

Those previously vested ... not only capital appreciation, no ABSD, higher rental yield on lower psf/price, potential future enbloc windfall etc ... HUAT

https://sg.finance.yahoo.com/news/much-condo-prices-changed-last-101800563.html

 

[Mercs]

8 hours ago, Theoldjaffa said:

When fed increased rates my lender OCBC was quick to increase as well.

Now that rates were cut, OCBC didn't lower my rates. 🤬

Should I call them up to reprice now or wait for the next cut? Or will they even voluntarily reduce rates since I'm on floating plan?

Sorry ah Abit OT 😬

Every individual differs, do what suit you best ... pending your HL package, interest rates, floating or fixed, any lock in period penalty etc.

If reprice there'll be repricing fee ( few hundreds), if refinance legal fees (couple thousands), eating into the savings when change package, so gotta work your sums to see if worthwhile to change now or later,  to floating or fixed etc ... current is still around 2%-ish.

But I'm sure you are 'old hand' 'lao jiao' and savvy,  no need me to tell you all these😉

https://www.valuechampion.sg/average-cost-home-loans

https://www.ocbc.com/personal-banking/loans/home-loan-hdb-and-private-property.html

 

I normally prefer not to share personal details but give you a rough idea for mine - my HL is still at 1.65% while my FD is 1.9% current, so effectively the banks are still 'paying' me to loan with them 😛 lol 

As mentioned prior ... 'use other ppl's (bank) money to make more money

If wanna discuss further ... PM 😉

 

 

average_home_loan_rate.webp

[awhtc]

On 9/22/2019 at 3:11 PM, Theoldjaffa said:

When fed increased rates my lender OCBC was quick to increase as well.

Now that rates were cut, OCBC didn't lower my rates. 🤬

Should I call them up to reprice now or wait for the next cut? Or will they even voluntarily reduce rates since I'm on floating plan?

Sorry ah Abit OT 😬

I feel that there is a lot of slow down in the global economy.  Hence, interest rate could fall again by the end of the year.  Lower interest rate may not be a good thing as year-end bonus is likely to be cut.

[Mercs]

https://www.straitstimes.com/business/fed-effects-mild-rate-cut-amid-dissent-among-its-members

Fed rate cut gives Asia central banks room for more easing

[Mercs]

https://www.asiaone.com/lifestyle/house-tour-quaint-pre-war-tiong-bahru-flat-jewelry-designer

House tour: The quaint pre-war Tiong Bahru flat of a jewelry designer

[Mercs]

https://www.asiaone.com/lifestyle/how-much-3-4-and-5-room-hdb-flat-renovation-2019

How much is a 3-, 4- and 5-room HDB flat renovation in 2019?