Mercs: property news & updates

inlinesix · February 20, 2023

37 minutes ago, Ginyu said:

Hearsay nowadays new gen paid off their first 500k bto loan within 5 years. They no longer rely on their jobs as the only source of income stream, huat ah 😂

Are you teaching your kids to do that?

😂

Volvobrick · February 20, 2023

29 minutes ago, 13177 said:

5 years can full paid their 500k hdb! So what other source of income stream they have which can generate so much cash? Sell backside? 😂

Can lah DINK. Say each earn 5K plus 13th month plus bonus 3 months that's 150K. Add in Employer CPF. Just don't spend more than 50K a year. No car no expensive vacations. It's worth it.

February 20, 2023

25 minutes ago, Volvobrick said:

Can lah DINK. Say each earn 5K plus 13th month plus bonus 3 months that's 150K. Add in Employer CPF. Just don't spend more than 50K a year. No car no expensive vacations. It's worth it.

Seems like quite easy le, only need dual income of each earn 5k and plus another 4 months bonus can full paid 500k hdb within 5 years. 😂

Starry · February 20, 2023

3 hours ago, 13177 said:

5 years can full paid their 500k hdb! So what other source of income stream they have which can generate so much cash? Sell backside? 😂

Do youtube lor. You see how much that Kelvin guy can earn in 2022 with 80k subscribers talking about finance and investing....

https://www.youtube.com/watch?v=DYL-yrWpwoI

Edited February 20, 2023 by Starry

February 20, 2023

1 hour ago, Starry said:

Do youtube lor. You see how much that Kelvin guy can earn in 2022 with 80k subscribers talking about finance and investing....

https://www.youtube.com/watch?v=DYL-yrWpwoI

No wonder youngsters these days so rich.

Mercs · February 20, 2023

10 hours ago, 13177 said:

Another HDB resale which spent so ex for renovation. I really curious how come people have so much cash on hand? I think the max amount that you can loan for renovation is not high.

Can afford to buy a big unit resale cash should be ok, at 1561 sqft reno 100+k about there, maybe also no need any reno loan. 😉

Mercs · February 20, 2023

https://www.edgeprop.sg/property-news/botany-draws-4600-visitors-preview-weekend

The Botany draws 4,600 visitors at preview weekend

https://www.edgeprop.sg/property-news/what-previous-high-interest-rates-can-tell-us

What the previous high Interest rates can tell us

https://www.businesstimes.com.sg/property/where-buy-and-when-buy-bt-seminar-looks-opportunities-volatile-property-market

Where to buy and when to buy? BT seminar looks into opportunities in a volatile property market

https://www.businesstimes.com.sg/opinion-features/there-relative-value-suburban-landed-homes

Is there relative value with suburban landed homes?

https://www.straitstimes.com/singapore/housing/upcoming-bayshore-precinct-to-have-a-central-park-green-network-linking-its-housing-projects

Upcoming Bayshore precinct to have a central park, green network linking its housing projects

https://stackedhomes.com/editorial/weve-saved-about-1m-in-cash-cpf-and-own-2-condos-should-we-sell-both-or-rent-for-now/

https://stackedhomes.com/editorial/26-resale-3-bedder-condos-that-you-can-buy-for-under-1-million-in-2023/

https://www.homeanddecor.com.sg/property-tips/potong-pasir-hdb-skeleton-died-in-condo-house/

Potong Pasir HDB Skeleton Discovery: Property agents should declare house’s history?

(No, the seller is not obliged to share the house’s history too)

Mercs · February 20, 2023

Mooose · February 21, 2023

13 hours ago, Mercs said:

unless i missed it, i am very surprised that for such a production, there is no mention of how to try to beat this rental scam .. by independently do a search on the ownership of the flat ..

all the talk about how to spot whether the messages or ads are fake is less important to me that finding out the real owner ..

if scammer poses as real agent and asks a prospect to pay something up front .. the question is who did the prospect pay to .. check the ownership .. if it is paid to the actual owner ..

agents do not collect money in their names .. anyway if the scammer is using a real agent's name then did the prospect pay to the real agent then? if so still have chance to recover, if not the prospect should have asked who is this guy i am sending money to right?

Mercs · February 21, 2023

9 hours ago, Mooose said:

unless i missed it, i am very surprised that for such a production, there is no mention of how to try to beat this rental scam .. by independently do a search on the ownership of the flat ..

all the talk about how to spot whether the messages or ads are fake is less important to me that finding out the real owner ..

if scammer poses as real agent and asks a prospect to pay something up front .. the question is who did the prospect pay to .. check the ownership .. if it is paid to the actual owner ..

agents do not collect money in their names .. anyway if the scammer is using a real agent's name then did the prospect pay to the real agent then? if so still have chance to recover, if not the prospect should have asked who is this guy i am sending money to right?

With the current red hot rental market, when one unit comes up got dozens vying for it, many kanchiong spiders quick to pounce whenever an unit available, even more so if rental rates attractive or deem reasonable, scammers are preying on exactly that.

Besides verification of agent landlord details, payment should always be addressed to landlord only either via cheque or E transfer to have a paper trail. Red flag if request to pay agent direct, even bigger red flag if request for ca$h only payment which is a big no-no.

As always not just due diligence, the usual when too good to be true also applies.

Mercs · February 21, 2023

https://www.businesstimes.com.sg/property/full-house-turnout-bt-property-outlook-seminar

Full-house turnout at BT Property Outlook Seminar

https://www.asiaone.com/money/singapore-too-expensive-live-look-cost-living-country-2023

Is Singapore too expensive to live in? A look at cost of living in the country in 2023

Mercs · February 21, 2023

https://theindependent.sg/whats-the-point-of-giving-you-few-dollars-here-there-but-so-many-policies-actions-are-inflationary-netizen-on-govts-response-to-inflation/

‘What’s the point of giving you few dollars here & there, but so many policies & actions are inflationary?’ — Netizen on Govt’s response to inflation

In his post, he listed ten different examples. Included in the list were the GST hike and the increase in property tax, CPF contribution ceiling, ERP, public transport fares, and fuel tax. Increased HDB and BTO prices "to record highs" were also included.

Mercs · February 23, 2023

https://finance.yahoo.com/news/5-cities-around-world-priciest-130143482.html

5 Cities Around the World With the Priciest Real Estate

https://www.99.co/singapore/insider/holding-condo-more-than-20-years-higher-gains-data-feb-2023/

Does holding a condo for more than 20 years mean higher gains? We take a look at the data for Feb 2023

https://www.channelnewsasia.com/singapore/china-nationals-buying-property-singapore-housing-prices-3216596

Return of China property buyers in bigger numbers unlikely to impact prices in Singapore: Analysts

https://www.straitstimes.com/business/property/propertybt-podcast-do-million-dollar-hdb-resale-flats-make-sense

PropertyBT Podcast: Do million-dollar HDB resale flats make sense?

https://www.businesstimes.com.sg/singapore/economy-policy/mps-worry-about-impact-higher-resale-grants-suggest-more-support-families

MPs worry about impact of higher resale grants, suggest more support for families

https://www.businesstimes.com.sg/property/property-2023-feb-issue/another-year-pain-tenants

Another year of pain for tenants

(Higher property taxes and interest rates are likely to contribute to more increases in rents in 2023)

https://www.businesstimes.com.sg/property/property-2023-feb-issue/gems-await-buyers-hdb-resale-market

Gems await buyers in HDB resale market

https://www.businesstimes.com.sg/property/property-2023-feb-issue/homing-luxury-condominiums

Homing in on luxury condominiums

https://www.businesstimes.com.sg/property/property-2023-feb-issue/resale-executive-condominiums-gaining-popularity

Resale executive condominiums gaining popularity

(Transaction volumes and prices for such units on the rise as buyers search for cheaper alternatives)

https://www.businesstimes.com.sg/property/property-2023-feb-issue/mass-market-condos-demand-and-prices-supported-firm-fundamentals

Mass-market condos’ demand and prices supported by firm fundamentals

(Amid rising HDB resale prices and median household income, more are seeking out private residential non-landed options)

https://www.businesstimes.com.sg/property/property-2023-feb-issue/market-good-class-bungalows-tenacious-despite-economic-headwinds

Market for Good Class Bungalows tenacious despite economic headwinds

(Demand in the last few years can be attributed to a rise in newly naturalised citizens)

https://www.businesstimes.com.sg/property/property-2023-feb-issue/landed-homes-grounded-investment-high-rise-singapore

Landed homes: a grounded investment in high-rise Singapore

https://www.businesstimes.com.sg/property/property-2023-feb-issue/core-central-region-condominiums-long-term-repricing-potential

Core Central Region condominiums: long-term repricing potential

(With private residential prices at historical peaks and still expected to trend higher in 2023, the value proposition of CCR properties looks increasingly attractive)

https://www.businesstimes.com.sg/property/china-buyer-picks-duplex-penthouse-klimt-cairnhill-nearly-s30-million

China buyer picks up duplex penthouse at Klimt Cairnhill for nearly S$30 million

https://www.homeanddecor.com.sg/property-tips/rent-or-sell-house-condo/

Rent Or Sell Condo: Should I rent out my new condo?

(Should you rent or sell your new launch condo in 2023?)