Throttle2 Supersonic July 15, 2020 Share July 15, 2020 3 minutes ago, Wt_know said: my cck flat i price down $888K ... also no viewer la $888k for 2 units ah? ↡ Advertisement Link to post Share on other sites More sharing options...
Wt_know Supersonic July 15, 2020 Share July 15, 2020 (edited) 3 minutes ago, Ct3833 said: Millionaire spotted . 😀😀 my colleagues are the true millionaire ... their address is Pinnacle and Boon Keng ... i just want to sit with them on the same table during lunch ... i need to sell my flat first! Edited July 15, 2020 by Wt_know 1 Link to post Share on other sites More sharing options...
Wt_know Supersonic July 15, 2020 Share July 15, 2020 (edited) 1 minute ago, Throttle2 said: $888k for 2 units ah? 1 unit la ... 100m from mrt station people say near mrt no $1M no talk leh i already price down ... give chance la Edited July 15, 2020 by Wt_know Link to post Share on other sites More sharing options...
Throttle2 Supersonic July 15, 2020 Share July 15, 2020 Just now, Wt_know said: my colleagues are the true millionaire ... their address is Pinnacle and Boon Keng ... i just want to sit with them on the same table during lunch ... i need to sell my flat first! Having 1 million is not bonafide millionaire lah. Worse still in a depreciating asset.... muayhahaha...sell your flat! Yes Link to post Share on other sites More sharing options...
Throttle2 Supersonic July 15, 2020 Share July 15, 2020 1 minute ago, Wt_know said: 1 unit la ... 100m from mrt station people say near mrt no $1M no talk leh i already price down ... give chance la Good luck. Give me $788k i also dont want. Hee hee hee. Link to post Share on other sites More sharing options...
Volvobrick Supersonic July 15, 2020 Share July 15, 2020 (edited) 21 minutes ago, Ct3833 said: Haha, @Enye Mai suan ah, I have a 99 lease hold on rental too, but have to let go sooner. But rental yiled of freehold apartment cmi. It is a reality that one day our hard earned money on a property will become zero, may be not when I am alive, but when and who will strike by the reality. 99 disposal value is lower, but it is also cheaper to buy. Rightfully the returns (IRR) should be the same for leasehold and FH. If not, the price for one or the other will adjust up or down, so that both returns will be the same, risk adjusted. 99 still can make money, if you pay a lot cheaper for it. BUT, looking ahead, with the "strong" mandate for PAP, it is likely they will realise more taxes from wealth like second property, or expensive property, and less from GST etc to address the income gap. Foreign imports probably will go down too. Should wait and see if property is still a good investment. Personally I won't bother for next several months unless to live in. Edited July 15, 2020 by Volvobrick 3 Link to post Share on other sites More sharing options...
Icedbs Turbocharged July 15, 2020 Share July 15, 2020 (edited) I have done quite a bit of analysis on this question before, and I would say that on average, it is around the 20 years mark before its value starts to go flat before declining. Those condos that are popular with tenants can sometimes reach 25 years before tapering. The above is for 99 years LH Edited July 15, 2020 by Icedbs 5 Link to post Share on other sites More sharing options...
Spring Moderator July 15, 2020 Share July 15, 2020 Just now, Throttle2 said: For people who buy $1mil hdb, they dont care about profit. Its not for investment. its for using. I also belong to the group that believes primary housing is for staying. I nvr believe it's for investment so for me if I can break even after staying, I'm Ok with it. In fact, I'm more concerned that as it gets much older esp Private Property like condos, it might depreciate. I know this is not the conventional thinking but I am conservative. HDB $1mil I will nvr buy no matter how attractive the location is precisely cos as the lease ages, there is a possibility of loss which is a no go for me. I can't stomach losses and that's why I also don't count on profits which is nvr in my thinking. 6 Link to post Share on other sites More sharing options...
Spring Moderator July 15, 2020 Share July 15, 2020 This may not be the platform to say this but I also don’t understand why Govt allows HDB owners to buy Private n rent out the HDB as HDB shld nvr be an investment asset, it shld be for staying. Last time this was not allowed but don’t know what prompted a change in the rules. Sorry rant over! 5 Link to post Share on other sites More sharing options...
Wt_know Supersonic July 15, 2020 Share July 15, 2020 (edited) 27 minutes ago, Spring said: This may not be the platform to say this but I also don’t understand why Govt allows HDB owners to buy Private n rent out the HDB as HDB shld nvr be an investment asset, it shld be for staying. Last time this was not allowed but don’t know what prompted a change in the rules. Sorry rant over! not enough buyers (real stayers) in the market must allow rent out hdb to FT so that sinkie can use the collected rental + take more loan to upgrade if every upgrader must sell hdb ... where got so many buyers in the market? the property need more fuel $$$ to get the engine burning ... Edited July 15, 2020 by Wt_know Link to post Share on other sites More sharing options...
13177 Supersonic July 15, 2020 Share July 15, 2020 1 hour ago, Wt_know said: my cck flat i price down $888K ... also no viewer la Cck hdb flat can sell $888k? You mean cck condo? Link to post Share on other sites More sharing options...
Wt_know Supersonic July 15, 2020 Share July 15, 2020 5 minutes ago, 13177 said: Cck hdb flat can sell $888k? You mean cck condo? bro, cck condo opposite hdb ... no $1.2M no talk la 2 1 Link to post Share on other sites More sharing options...
Karoon Turbocharged July 15, 2020 Share July 15, 2020 Singaporeans are quite sad and uncreative. The roof over our familiies' heads is considered an asset grower. End up shifting about after minimum top just to make the money real. Link to post Share on other sites More sharing options...
Throttle2 Supersonic July 15, 2020 Share July 15, 2020 1 hour ago, Spring said: This may not be the platform to say this but I also don’t understand why Govt allows HDB owners to buy Private n rent out the HDB as HDB shld nvr be an investment asset, it shld be for staying. Last time this was not allowed but don’t know what prompted a change in the rules. Sorry rant over! It was an honest mistake. But still a f**king big mistake in my opinion. 1 Link to post Share on other sites More sharing options...
Throttle2 Supersonic July 15, 2020 Share July 15, 2020 12 minutes ago, Karoon said: Singaporeans are quite sad and uncreative. The roof over our familiies' heads is considered an asset grower. End up shifting about after minimum top just to make the money real. Wait until 65yrs old , pocket empty with a property, good luck on retirement. Maybe they can peel the paint off the walls of their property and cook it Link to post Share on other sites More sharing options...
Throttle2 Supersonic July 15, 2020 Share July 15, 2020 (edited) 34 minutes ago, Wt_know said: bro, cck condo opposite hdb ... no $1.2M no talk la Lanjiao Property agents like to anyhow post price . for this condo $800psf is too much!!! last price lodged in March 2020 only $834psf. now confirm lower . $750psf at best already 12 yrs lease gone muayhahahahahaha Edited July 15, 2020 by Throttle2 1 2 Link to post Share on other sites More sharing options...
Wt_know Supersonic July 15, 2020 Share July 15, 2020 5 minutes ago, Throttle2 said: Lanjiao Property agents like to anyhow post price . for this condo $800psf is too much!!! last price lodged in March 2020 only $834psf. now confirm lower . $750psf at best already 12 yrs lease gone muayhahahahahaha waiting for $950K ... 😬 Link to post Share on other sites More sharing options...
Enye Hypersonic July 15, 2020 Share July 15, 2020 (edited) 31 minutes ago, Karoon said: Singaporeans are quite sad and uncreative. The roof over our familiies' heads is considered an asset grower. End up shifting about after minimum top just to make the money real. not many of such people around lah.... i live in my ah beng infested hdb slum neighbourhood for so long, can see got a large number of families really live and bring up kids here and still staying even after the kids are grown up people who stay in the hdb would know lah as opposed to look from outside and getting information from media 😅 Edited July 15, 2020 by Enye ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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