Showster Twincharged July 31, 2020 Share July 31, 2020 3 hours ago, awhtc said: The private property supply data is here: https://www.ura.gov.sg/realEstateIIWeb/supply/search.action (interpret by shifting 1 year ahead of expected TOP year as developers usually build faster by 1-1.5 years). In 2021 and 2022, we will see a big supply. Hopefully, the economy can rebound by then. I posted too much here. Taking a long break for now 😁 Everything WAS supposed to run like clockwork. Now 2020 has literally very little or no more supply, 2020 supply of a few thousand goes to 2021, and 2021 goes 2022 and so on... We can review again in 2021. ↡ Advertisement Link to post Share on other sites More sharing options...
Fitvip Supersonic July 31, 2020 Share July 31, 2020 21 hours ago, inlinesix said: When ERP go up, B.M.W. lo. When interest goes up, downside and full loan redemption. That means the traditional MCF norm has been breached liao. Isn't MCF norm no full cash no talk? This morning I went for my breakfast also full cash wan!🤣🤣🤣 1 Link to post Share on other sites More sharing options...
Jamesc Hypersonic July 31, 2020 Share July 31, 2020 15 hours ago, Showster said: US GDP contracted 32% this quarter and they are prepping another bazooka. Likelihood for US, the next step is negative interest rates. That's good news. They pay you interest to take loans. Can faster come? 1 2 Link to post Share on other sites More sharing options...
Jamesc Hypersonic July 31, 2020 Share July 31, 2020 Anyone taking home loans now don't lock yourself in. With negative interest rates they will pay you interest instead of you pay them. Welcome to the new normal. I think I like it very much. 1 Link to post Share on other sites More sharing options...
Throttle2 Supersonic July 31, 2020 Share July 31, 2020 22 hours ago, Matoonia said: Yes I simple man as long as there is a 1% arbitrage maintained between loan rate and CPF I am more than happy. Care to elaborate Link to post Share on other sites More sharing options...
Voodooman Supersonic July 31, 2020 Share July 31, 2020 1 hour ago, Showster said: Everything WAS supposed to run like clockwork. Now 2020 has literally very little or no more supply, 2020 supply of a few thousand goes to 2021, and 2021 goes 2022 and so on... We can review again in 2021. Singapore private RE rental market is foreigners driven, agree? What is the current occupancy/ tenancy rate? Are expat leaving the country? The travel restriction. Are new expats traveling to SG? Trickle? Will V-recovery take place after herd immunity is achieved? How many quarters after 2H21? Where is rental demand going to come from? Will it get worse or better? Will housing supply increase in 2020 (is it zero?) and 2021? Will vacancy rate/rental increase given rising supply and falling demand amid a deep recession? There might be other factors like liquidity, interest rate, political issues, etc that drive capital values but arguing that rental will stay strong and even rise (as you seems to expect) is just wishful thinking. Anyway, I am not keen to debate with you further on SG property market. Cheers and have a good weekend. Link to post Share on other sites More sharing options...
1fast1 Supersonic July 31, 2020 Share July 31, 2020 6 hours ago, Showster said: My gut feel is in 2021, residential properties will see a huge boom in price and rental, while commercial / industrial will be in the doldrums. That should roughly be the time for my last move for commercial / industrial unless residential is still Super cheap. The last move will almost certainly be in full cash (very limited loan) due to TDSR. I... don't understand where your optimism is springing from. I have no illusions about the situation getting better for at least another full year. And it may never go back to the rosy days pre-COVID. 4 Link to post Share on other sites More sharing options...
Throttle2 Supersonic July 31, 2020 Share July 31, 2020 31 minutes ago, Turboflat4 said: I... don't understand where your optimism is springing from. I have no illusions about the situation getting better for at least another full year. And it may never go back to the rosy days pre-COVID. He has to, or his world will crumble. Just like many others. 🤭 2 Link to post Share on other sites More sharing options...
Angcheek Hypersonic July 31, 2020 Share July 31, 2020 On 7/30/2020 at 4:40 PM, Jamesc said: How many houses you bought? I think we shld ask that question indirectly.... @kobayashiGT how many mistresses you have ? 😂🍻✌ 3 Link to post Share on other sites More sharing options...
Angcheek Hypersonic July 31, 2020 Share July 31, 2020 (edited) 9 hours ago, inlinesix said: Rather than worrying about being screwed by Bank, why not be debt free in 3 years? money not enough ? Most are riding on rental to pay off the loan that kind of strategy. But i didnt know such loan can claim tax reduction Edited July 31, 2020 by Angcheek 4 Link to post Share on other sites More sharing options...
Throttle2 Supersonic July 31, 2020 Share July 31, 2020 44 minutes ago, Angcheek said: money not enough ? Most are riding on rental to pay off the loan that kind of strategy. But i didnt know such loan can claim tax reduction Not quite tax deduction but loan interest is accounted as an expense so you deduct it from your rental income so that rental income is a smaller number and therefore less tax payable. 2 Link to post Share on other sites More sharing options...
Wind30 Turbocharged July 31, 2020 Author Share July 31, 2020 2 hours ago, Turboflat4 said: I... don't understand where your optimism is springing from. I have no illusions about the situation getting better for at least another full year. And it may never go back to the rosy days pre-COVID. Not sure about other companies but I definitely know my guys are looking to upgrade their rental apartment because they will be wfh for many months. that means looking for bigger Better place. Link to post Share on other sites More sharing options...
Angcheek Hypersonic July 31, 2020 Share July 31, 2020 25 minutes ago, Throttle2 said: Not quite tax deduction but loan interest is accounted as an expense so you deduct it from your rental income so that rental income is a smaller number and therefore less tax payable. Ohh as COGS. If INT increase ... i think landlord will just pass down the cost to tenants. Those poor man like me only got 1 hdb will suffer. So the best is clear off loan before 2024 😄 . 3 Link to post Share on other sites More sharing options...
Angcheek Hypersonic July 31, 2020 Share July 31, 2020 23 minutes ago, Wind30 said: Not sure about other companies but I definitely know my guys are looking to upgrade their rental apartment because they will be wfh for many months. that means looking for bigger Better place. Our condo here is really small .... unless they look for landed. 😄 3 Link to post Share on other sites More sharing options...
Throttle2 Supersonic July 31, 2020 Share July 31, 2020 (edited) 27 minutes ago, Wind30 said: Not sure about other companies but I definitely know my guys are looking to upgrade their rental apartment because they will be wfh for many months. that means looking for bigger Better place. Even if “your guys” upgrade it means they move from one to another right? not like they will rent two places, right? So LPPL, right? Move from one to another. Thats the situation with A grade Office building now. Cannibalising..... Or maybe you dont even understand Turboflat’s simple post. i forgot you are elite, top scorer student in school, very profound, yet naive, yet analytical, yet formulaic, yet pure and unadulterated. I forgot , i forgot, forgive me Edited July 31, 2020 by Throttle2 Link to post Share on other sites More sharing options...
Throttle2 Supersonic July 31, 2020 Share July 31, 2020 2 minutes ago, Angcheek said: Ohh as COGS. If INT increase ... i think landlord will just pass down the cost to tenants. Those poor man like me only got 1 hdb will suffer. So the best is clear off loan before 2024 😄 . Its ok lah, poor men like us, just grin and bear it, bro. 🥺😩 1 Link to post Share on other sites More sharing options...
Voodooman Supersonic July 31, 2020 Share July 31, 2020 19 minutes ago, Wind30 said: Not sure about other companies but I definitely know my guys are looking to upgrade their rental apartment because they will be wfh for many months. that means looking for bigger Better place. You must have a lot of staff to move the market. 😂 Link to post Share on other sites More sharing options...
Throttle2 Supersonic July 31, 2020 Share July 31, 2020 (edited) 10 minutes ago, Voodooman said: You must have a lot of staff to move the market. 😂 They are looking to upgrade becos freaking rents are coming off, cheaper and cheaper. Muayhahahahaha oooii! he got 2680 guys under him ok? Dont play play. Silicon valley tech company hor.... Edited July 31, 2020 by Throttle2 ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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