Mercs Hypersonic April 9, 2020 Author Share April 9, 2020 https://www.straitstimes.com/business/banking/banks-insurers-process-industry-wide-relief-measures Coronavirus: Banks, insurers process thousands of applications for industry-wide relief measures ↡ Advertisement 6 Link to post Share on other sites More sharing options...
Mercs Hypersonic April 9, 2020 Author Share April 9, 2020 https://www.youtube.com/watch?v=eChlMGcSwGs 5 Link to post Share on other sites More sharing options...
Mercs Hypersonic April 9, 2020 Author Share April 9, 2020 https://www.youtube.com/watch?v=1_YNjDekIy8 5 Link to post Share on other sites More sharing options...
Angcheek Hypersonic April 9, 2020 Share April 9, 2020 3 hours ago, Mercs said: https://mothership.sg/2020/04/covid-19-singapore-retrenchments/ Covid-19: S'pore could see 150,000 to 200,000 retrenchments, negative GDP growth of 6% (2020 could see the worst recession in the whole of Singapore's existence as a nation.) How this will impact property? Maybe no impact 😆 3 3 Link to post Share on other sites More sharing options...
Angcheek Hypersonic April 9, 2020 Share April 9, 2020 3 hours ago, Mercs said: https://www.straitstimes.com/business/banking/banks-insurers-process-industry-wide-relief-measures Coronavirus: Banks, insurers process thousands of applications for industry-wide relief measures No worry ... all can defer payment 3 2 Link to post Share on other sites More sharing options...
Angcheek Hypersonic April 9, 2020 Share April 9, 2020 6 hours ago, Mercs said: https://www.edgeprop.sg/property-news/guide-price-205-mil-two-bedroom-unit-marina-bay-residences Guide price of $2.05 mil for two-bedroom unit at Marina Bay Residences "Based on the rental contracts in February, the monthly rental rates for a two-bedroom unit at Marina Bay Residences range from $4,800 to $7,200. Assuming an average monthly rental rate of $6,000 and the guide price for the two-bedroom unit, this translates to a gross rental yield of about 3.5%." Lifetime also dont know can save up 1m per bedroom or not .... haiz Come with xmm ... then different story 😁 3 3 Link to post Share on other sites More sharing options...
Showster Twincharged April 9, 2020 Share April 9, 2020 (edited) 5 hours ago, Angcheek said: How this will impact property? Maybe no impact 😆 Some impact is for certain. But the number of lobangs is expected to be low, because there is going to be a shortage of housing with much fewer people holding investment homes than previous downturns. Sellers do have to buy replacement properties, or rent from market again. They have to contend with some 300,000 Malaysian workers plus hundreds of thousands of foreigners having to stay in Singapore likely till the end of the year even if border restrictions were somewhat lifted. Then there is construction stoppage which would crimp new supply completion. Construction workers hired to build the new supply, many need to be housed in whatever spare property, SERS blocks or even multi storey carparks to ride out the coronavirus storm, and this is going to be a prolonged situation while there is a need to further decrease their density by building more dorms, jacking up construction and general labour costs very significantly. Not to mention projected low interest rate and lack of good and safe yields for any other investments. I would think residential property is more valuable than gold at this juncture when everyone needs to stay home. But there would still be a small number who needs to sell urgently despite all the positives. So buyers have to move fast if keen. Look out for categories or areas that people most often do not use as homes. Edited April 9, 2020 by Showster 3 Link to post Share on other sites More sharing options...
sti2020 2nd Gear April 10, 2020 Share April 10, 2020 9 hours ago, Angcheek said: How this will impact property? Maybe no impact 😆 for private lh99 with ulu location or old age property more than 30yr old, most likely minimal impact below 10% good locations newer lh99 and freehold should be maintain value hdb hearsay stagnant many years, kena stuck 😅 1 Link to post Share on other sites More sharing options...
car50 Twincharged April 10, 2020 Share April 10, 2020 5 hours ago, Showster said: Some impact is for certain. But the number of lobangs is expected to be low, because there is going to be a shortage of housing with much fewer people holding investment homes than previous downturns. Sellers do have to buy replacement properties, or rent from market again. They have to contend with some 300,000 Malaysian workers plus hundreds of thousands of foreigners having to stay in Singapore likely till the end of the year even if border restrictions were somewhat lifted. Then there is construction stoppage which would crimp new supply completion. Construction workers hired to build the new supply, many need to be housed in whatever spare property, SERS blocks or even multi storey carparks to ride out the coronavirus storm, and this is going to be a prolonged situation while there is a need to further decrease their density by building more dorms, jacking up construction and general labour costs very significantly. Not to mention projected low interest rate and lack of good and safe yields for any other investments. I would think residential property is more valuable than gold at this juncture when everyone needs to stay home. But there would still be a small number who needs to sell urgently despite all the positives. So buyers have to move fast if keen. Look out for categories or areas that people most often do not use as homes. For investment properties with ABSD and all the Cms still in place, prices have to drop .10-15% for any meaningful relative gain Price index is still near historic high unlike stocks which have come down 30-40% 5 Link to post Share on other sites More sharing options...
Mercs Hypersonic April 10, 2020 Author Share April 10, 2020 17 hours ago, Angcheek said: How this will impact property? Maybe no impact 😆 Sure to impact but very much lesser than previous, as mentioned prior this cycle diff from past cycles (no CMs) TDSR/LTV - no overleverage less firesales if any CM trump card - can reduce/remove ABSD to maintain buy volume / support prices. So decline in property prices if any, to be slow and gradual. 6 Link to post Share on other sites More sharing options...
Mercs Hypersonic April 10, 2020 Author Share April 10, 2020 17 hours ago, Angcheek said: No worry ... all can defer payment Defer still have to pay, but as they say ... better than nothing 5 Link to post Share on other sites More sharing options...
Mercs Hypersonic April 10, 2020 Author Share April 10, 2020 17 hours ago, Angcheek said: Lifetime also dont know can save up 1m per bedroom or not .... haiz Come with xmm ... then different story 😁 1m bedroom not for you ... yr type GCB 😉 xmm can have as many as desire ... got money got honey 3 2 Link to post Share on other sites More sharing options...
Angcheek Hypersonic April 10, 2020 Share April 10, 2020 41 minutes ago, Mercs said: Defer still have to pay, but as they say ... better than nothing If no need pay ... property value no more 😁 4 1 Link to post Share on other sites More sharing options...
Mercs Hypersonic April 10, 2020 Author Share April 10, 2020 1 hour ago, Angcheek said: If no need pay ... property value no more 😁 No need pay .... cos already paid in FULL 😉 😛 4 1 Link to post Share on other sites More sharing options...
Mercs Hypersonic April 10, 2020 Author Share April 10, 2020 https://www.businesstimes.com.sg/real-estate/construction-of-bto-flats-to-speed-up-after-virus-circuit-breaker-lifts-hdb Construction of BTO flats to speed up after virus 'circuit breaker' lifts: HDB 6 Link to post Share on other sites More sharing options...
Mercs Hypersonic April 10, 2020 Author Share April 10, 2020 https://www.businesstimes.com.sg/real-estate/virtual-showflats-marketing-on-the-rise-but-not-all-potential-buyers-sold-on-them Virtual showflats, marketing on the rise; but not all potential buyers sold on them (local buyers are so used to feeling and touching the finishes at a showflat that they prefer to wait till the circuit-breaker period is over) 6 Link to post Share on other sites More sharing options...
Mercs Hypersonic April 10, 2020 Author Share April 10, 2020 https://www.99.co/blog/singapore/biggest-covid-19-cluster-punggol-hdb/ ‘Massive’ Covid-19 cluster sparks Punggol HDB residents’ worst fears 6 Link to post Share on other sites More sharing options...
Mercs Hypersonic April 10, 2020 Author Share April 10, 2020 https://www.edgeprop.sg/property-news/ura-allows-electronic-payment-booking-fees-deposits-property-purchases URA allows electronic payment for booking fees, deposits of property purchases ↡ Advertisement 7 Link to post Share on other sites More sharing options...
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