Jump to content

Mercs: property news & updates


Mercs
 Share

Recommended Posts

2 minutes ago, sgcarmart2019 said:

rent a penthouse is about 10k pm

paying a hdb mortgage installment at most cost 1/5 nia

maybe the husband lost income cant afford 10k pm rent, hence downgrade to buying hdb cut cost

So as to retire comfortably mah.

Life quality is not defined by the amount one pays to the bank or to landlord monthly.

Anyway, some penthouse can be had for much lower.

And some HDB mortgages can be also over 5K per month, if the tenure is very short and the price is very high (plus relatively high interest rates).

  • Praise 1
Link to post
Share on other sites

23 minutes ago, sgcarmart2019 said:

who in the right mind will pay 5k pm mortgage for hdb???

might as well rent private condo for 5k pm

got facilities and security

hdb got nothing

If finances allow, I rather pay $5k/mth for 10yrs for hdb, then no more worries thereafter. 

Can stop paying rent after renting the same condo for 10yrs, n still continue living there? If u have such lobang, pls share with us here 😂

  • Praise 2
Link to post
Share on other sites

16 minutes ago, sgcarmart2019 said:

question is, why rush to pay finish so soon only to wait for it to drop year after year to $ZERO at 99th year? 🤣

but good thing you can use the public swimming pool and NPP security 😂

If no plans to sell, it make sense to pay off early to save the loan interests.

U r implying all 99yr condos will get en bloc eventually isn’t it? Rmbr the private terrace houses that leases expired last yr or wat. This clearly shows that NOT all pte properties will get en bloc. If it doesn’t get en bloc, may I ask wats the value after the land lease expires? Probably a slightly higher than $0 coz MCST can auction off the atas swimming pool n security guard house 😂

Edited by Whitemorning
  • Praise 1
Link to post
Share on other sites

53 minutes ago, sgcarmart2019 said:

who in the right mind will pay 5k pm mortgage for hdb???

might as well rent private condo for 5k pm

got facilities and security

hdb got nothing

So how and why people buy million dollar HDB?

  • Praise 1
Link to post
Share on other sites

12 minutes ago, sgcarmart2019 said:

pte 99 and hdb 99 both will drop to $ZERO at 99th year

only different is pte 99 can get pte developer enbloc if good location

why? because pte is 20%, public is 80%

scarce is always more demand

but dont bet on it, recently alot of larger older pte 99 in ulu location cant find developer to buy over at their asking price; hence even pte 99 are testing new lows now

btw fyi i am not interested in 99LH; its FH all the way for me! :a-happy:

Really happy for u. Better start collecting more FH properties before they become extinct. 

Anyway this is wonderful news for public pool goers, one less person to squeeze with us in the pools.

Edited by Whitemorning
  • Praise 1
Link to post
Share on other sites

18 hours ago, Icedbs said:

There are also home insurance that covers rental arrears by tenant. Landlords should get such insurance.

I would think mortgage insurance to be more of priority for peace of mind.

Maybe you share some links to this 'rental' insurance for those interested :D

  • Praise 4
Link to post
Share on other sites

https://www.scmp.com/property/hong-kong-china/article/3041265/malaysian-property-provides-options-investors-seeking

Malaysian property provides options for investors seeking escape from Hong Kong unrest

 

- The MM2H (Malaysia My Second Home) programme has the advantages of not requiring you to live in Malaysia, and having a very low cost of investment

- Malaysia has emerged as a popular choice among Hongkongers seeking a safety haven amid long-running political crisis

  • Praise 5
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...