Mercs Hypersonic September 20, 2019 Author Share September 20, 2019 ↡ Advertisement 7 Link to post Share on other sites More sharing options...
Mercs Hypersonic September 20, 2019 Author Share September 20, 2019 7 Link to post Share on other sites More sharing options...
Mercs Hypersonic September 20, 2019 Author Share September 20, 2019 7 Link to post Share on other sites More sharing options...
Mercs Hypersonic September 20, 2019 Author Share September 20, 2019 7 Link to post Share on other sites More sharing options...
Mercs Hypersonic September 20, 2019 Author Share September 20, 2019 7 Link to post Share on other sites More sharing options...
Angcheek Hypersonic September 21, 2019 Share September 21, 2019 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 ? 😜 6 Link to post Share on other sites More sharing options...
car50 Twincharged September 22, 2019 Share September 22, 2019 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 8 Link to post Share on other sites More sharing options...
Showster Twincharged September 22, 2019 Share September 22, 2019 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. 4 Link to post Share on other sites More sharing options...
Wt_know Supersonic September 22, 2019 Share September 22, 2019 (edited) bao jiak 20 years rental + capital appreciation 60-80% ... huat until siao ah! Edited September 22, 2019 by Wt_know 2 Link to post Share on other sites More sharing options...
Theoldjaffa Hypersonic September 22, 2019 Share September 22, 2019 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 😬 2 Link to post Share on other sites More sharing options...
Showster Twincharged September 22, 2019 Share September 22, 2019 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. 2 Link to post Share on other sites More sharing options...
Mercs Hypersonic September 22, 2019 Author Share September 22, 2019 (edited) 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 7 Link to post Share on other sites More sharing options...
Mercs Hypersonic September 22, 2019 Author Share September 22, 2019 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 9 Link to post Share on other sites More sharing options...
Mercs Hypersonic September 22, 2019 Author Share September 22, 2019 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 11 Link to post Share on other sites More sharing options...
awhtc 6th Gear September 23, 2019 Share September 23, 2019 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. 6 Link to post Share on other sites More sharing options...
Mercs Hypersonic September 23, 2019 Author Share September 23, 2019 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 12 Link to post Share on other sites More sharing options...
Mercs Hypersonic September 23, 2019 Author Share September 23, 2019 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 10 Link to post Share on other sites More sharing options...
Mercs Hypersonic September 23, 2019 Author Share September 23, 2019 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? ↡ Advertisement 11 Link to post Share on other sites More sharing options...
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