Mercs Hypersonic September 25, 2019 Author Share September 25, 2019 12 hours ago, Icedbs said: I don't understand why every news article about real estate agent must first talk about how much fantastic sales comm he gets. It simply encourages the wrong values and motivation to join this industry. On the other hand, I have never seen news article about doctors and lawyers starts off with how much $$$ they earned or how many GCBs they owned. I hope one day, news articles about real estate agents start off with how many 5-stars reviews or good services review they were given by their clients. And that agencies should give awards not solely just on the sales comm but also on other KPIs like number of good reviews, number of successful downlines, number of trainings they had shared, number of real estate papers they had written, etc Haha, i think its the perception that SG property always been HOT, so naturally agents are making good sales comms 😛 Kindly correct if wrong, but even during current uncertain times, still seeing relatively good demand for new launches with increase in sales comm for some projects, surge in foreign demand with high end big quantum units, cash rich enbloc millionaires buying replacement homes and investment units etc ... all pointing to strong buy power. I'm sure many would like to invest into even more units, but are capped either by TDSR LTV, or unwilling to pay more ABSD. The current game is now more skewed towards the cash rich, or owner occupiers (no absd) / genuine long term investors (no ssd). Good sales ↡ Advertisement 7 Link to post Share on other sites More sharing options...
PSP415 Supersonic September 25, 2019 Share September 25, 2019 13 minutes ago, Mercs said: No worries bro ... SIC In expensive SG, space gonna be a luxury in future if not already now. These jumbo flats offer more bang for the buck, great for big families or enbloc owners who were previously used to big spaces as replacement homes, rather than buying new launch units at high psf paying more for less. Safe ride 😛 Yes, agreed. I think they are wise to look beyond the 40 years age of their flat. Different strokes for different ppl as long as one is happy like u often say. Safe ride too. Good rest. Cheers 1 Link to post Share on other sites More sharing options...
Mercs Hypersonic September 25, 2019 Author Share September 25, 2019 https://www.99.co/blog/singapore/can-buy-anot-freehold-condo-in-geylang-for-under-1-million/ Can Buy Anot? Freehold Condo in Geylang for Under $1 Million sales-transaction.webp 5 Link to post Share on other sites More sharing options...
Mercs Hypersonic September 25, 2019 Author Share September 25, 2019 3 minutes ago, PSP415 said: Yes, agreed. I think they are wise to look beyond the 40 years age of their flat. Different strokes for different ppl as long as one is happy like u often say. Safe ride too. Good rest. Cheers For me I'm never too concern with the lease issue, as long as the price is right and justifies. 40 years old flat still got more than 50 more years to go which is long time, put in some $ reno to brand new swee swee. 'go resales for better value' 😛 6 Link to post Share on other sites More sharing options...
pChou Admin September 26, 2019 Share September 26, 2019 23 hours ago, Icedbs said: I don't understand why every news article about real estate agent must first talk about how much fantastic sales comm he gets. It simply encourages the wrong values and motivation to join this industry. On the other hand, I have never seen news article about doctors and lawyers starts off with how much $$$ they earned or how many GCBs they owned. I hope one day, news articles about real estate agents start off with how many 5-stars reviews or good services review they were given by their clients. And that agencies should give awards not solely just on the sales comm but also on other KPIs like number of good reviews, number of successful downlines, number of trainings they had shared, number of real estate papers they had written, etc totally agree with you. i'm looking to buy my own place, and whichever property agent i talk to, they will always push for a new launch sales. Which their commission is 2-4% VS resale market which is only 1%. Such a bias market Link to post Share on other sites More sharing options...
Angcheek Hypersonic September 26, 2019 Share September 26, 2019 3 hours ago, pChou said: totally agree with you. i'm looking to buy my own place, and whichever property agent i talk to, they will always push for a new launch sales. Which their commission is 2-4% VS resale market which is only 1%. Such a bias market Unless u and hubby are loaded ... for these 2 yrs becareful w pte property purchase. 7 Link to post Share on other sites More sharing options...
Angcheek Hypersonic September 26, 2019 Share September 26, 2019 53 minutes ago, sgcarmart2019 said: maybe to you no issue but to others, aging 99yr is a big issue otherwise why resale value of old 99yr drop like laosai after minister enlightenment in 2017 Thats why Mercs say resales are better valued for buyers . 😁 6 Link to post Share on other sites More sharing options...
Angcheek Hypersonic September 26, 2019 Share September 26, 2019 17 hours ago, Mercs said: https://www.asiaone.com/lifestyle/tidy-muji-style-jumbo-hdb-ang-mo-kio A tidy Muji-style jumbo HDB in Ang Mo Kio I think was 2 units combined... 6 Link to post Share on other sites More sharing options...
Showster Twincharged September 26, 2019 Share September 26, 2019 (edited) 3 hours ago, pChou said: totally agree with you. i'm looking to buy my own place, and whichever property agent i talk to, they will always push for a new launch sales. Which their commission is 2-4% VS resale market which is only 1%. Such a bias market Once monetary easing comes back into the market, there is a good chance that asset prices may continue to inch upwards at a faster pace. May be a good time to commit soon while there are still some soft sellers. How has waiting and looking and looking and waiting helped anyone in the last 10 years? Edited September 26, 2019 by Showster Precision 3 Link to post Share on other sites More sharing options...
Angcheek Hypersonic September 26, 2019 Share September 26, 2019 17 hours ago, Mercs said: https://sg.news.yahoo.com/should-the-new-hdb-incentives-worry-private-developers-090443162.html Should the new HDB incentives worry private developers? In other words , the older rules forced pp to buy pte ... 😁 if pte properties crush .. waaa many will si kiao kiao 5 Link to post Share on other sites More sharing options...
Angcheek Hypersonic September 26, 2019 Share September 26, 2019 On 9/24/2019 at 10:43 PM, Mercs said: https://www.propertyguru.com.sg/property-management-news/2019/9/183310/singapore-could-come-off-worse-in-next-global-downturn Singapore Could Come Off Worse In Next Global Downturn Not could ... is Shall 😂 5 Link to post Share on other sites More sharing options...
pChou Admin September 26, 2019 Share September 26, 2019 1 hour ago, Angcheek said: Unless u and hubby are loaded ... for these 2 yrs becareful w pte property purchase. Thanks! just want to buy a place to stay but sian to discuss with the agent. Need to do more homework now unless i can get free consultation from @Mercs 🤣 Link to post Share on other sites More sharing options...
Showster Twincharged September 26, 2019 Share September 26, 2019 (edited) 22 minutes ago, pChou said: Thanks! just want to buy a place to stay but sian to discuss with the agent. Need to do more homework now unless i can get free consultation from @Mercs 🤣 Most important is which sector you are looking at. Old private resale for some areas is still facing some degree of competition from new and resale HDBs especially with the relaxation (increase) of the income cap. Few units available for each development but do go and take a lookie. Can also consider resale HDB if one can set aside concerns about future prices? Edited September 26, 2019 by Showster Grammar 2 Link to post Share on other sites More sharing options...
Icedbs Turbocharged September 26, 2019 Share September 26, 2019 (edited) 5 hours ago, pChou said: totally agree with you. i'm looking to buy my own place, and whichever property agent i talk to, they will always push for a new launch sales. Which their commission is 2-4% VS resale market which is only 1%. Such a bias market These agents need to find out your requirements first before pushing you to new launches. There are some people who needed a house soon, how are they going to wait for 3 years? There are also some who needed bigger space but has a budget limitation, how are they going to buy new launches? There are some new launches that make sense, but only if they are able to fulfill the purchasing objective of the buyer. I serve buyers quite a lot, and I can understand some of the pain buyers are going through when dealing with agents. This is why I am very against news article that kicks off an agent story with how much comms the agent gets. Yes, it sell drama and stories, but it promotes the wrong values of joining this industry. We want agents who take care of clients' objective first, not his own comm first. I really hope the media can start changing that tune for the good of the industry and for the consumers Edited September 26, 2019 by Icedbs 3 Link to post Share on other sites More sharing options...
Mercs Hypersonic September 26, 2019 Author Share September 26, 2019 8 hours ago, sgcarmart2019 said: see what I mean, fh always better than 99yr ceteris paribus Yes, we all know what you mean ... for you is forever FH only Wakanda forever! 😛 😛 😛 6 1 Link to post Share on other sites More sharing options...
Mercs Hypersonic September 26, 2019 Author Share September 26, 2019 7 hours ago, sgcarmart2019 said: maybe to you no issue but to others, aging 99yr is a big issue otherwise why resale value of old 99yr drop like laosai after minister enlightenment in 2017 Not "maybe" ... for me is confirm no issue. "but to others, aging 99yr is a big issue" - tell that to all the hdb and majority pte owners. ALL hdb and most pte is LH, so are all GLS, if not for recent enbloc ... where to find FH? By choosing only FH, you are just limitng your pool of choice 😉 6 Link to post Share on other sites More sharing options...
Mercs Hypersonic September 26, 2019 Author Share September 26, 2019 6 hours ago, Angcheek said: I think was 2 units combined... Yes, previously the single units not in demand so came up with this idea. Now, jumbo flats are RARE ... with luxury of space 😉 6 Link to post Share on other sites More sharing options...
Mercs Hypersonic September 26, 2019 Author Share September 26, 2019 6 hours ago, Angcheek said: Thats why Mercs say resales are better valued for buyers . 😁 Yes, diff strokes diff folks , some still want only brand new and pay high psf for it. I see better buys and more value in resales 😉 ↡ Advertisement 7 Link to post Share on other sites More sharing options...
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