therock 28,352 Twincharged November 30, 2020 2 hours ago, Wt_know said: must hold 10 years? i don't mind ... agent said ... live happily 10 years sibei shiok ... like Pinnacle buyer ... it's called MILLION DOLLAR VIEW and then still can sell no $2M no talk? huat ah! Yep, holding ten years for a solid profit is nothing.. it won't prevent the lottery effect at all. It just pushes it down the line... ↡ Advertisement 2 Share this post Link to post Share on other sites
Mkl22 15,893 Turbocharged November 30, 2020 Just now, therock said: Yep, holding ten years for a solid profit is nothing.. it won't prevent the lottery effect at all. It just pushes it down the line... hold 20years better. if need to sell earlier then sell back to HDB. 1 1 Share this post Link to post Share on other sites
Wt_know 53,377 Supersonic November 30, 2020 as long as HDB = asset enhancement for flipping there is no end how to define “prime location” that demand holding 10-20 years? now punggol resale already reaching $800k so all cheong punggol because can flip within 5 years then also declare punggol as prime location prime location in CCR can be separated by 1 road and 1 side hold 5 years another side hold 20 years? another type of problem created for people to exploit 1 Share this post Link to post Share on other sites
Khng8 689 4th Gear November 30, 2020 The genie is out of the bottle and how to put it back? that’s the multi-million or billion dollar question. Share this post Link to post Share on other sites
therock 28,352 Twincharged November 30, 2020 50 year lease Resale limited to HDB only rental homes only or simply use it for condos and avoid this equality issue and make some money which can be used to reduce the deficit and help poor people instead Share this post Link to post Share on other sites
therock 28,352 Twincharged November 30, 2020 Just drove past the Noma site recently and I have mixed feelings about it.. i think the condo has a decent price but the odd shape isn’t good. And the value of that terrace home will now plummet... it will be really dark claustrophobic and may even experience more litter... no one will want to buy it unless the price is really low.. lose lose situation https://www.99.co/blog/singapore/owners-of-geylang-terraces-refuse-to-sell-to-condo-developer-becomes-up-in-real-life/ 1 Share this post Link to post Share on other sites
ToyotaShuttle 804 4th Gear December 1, 2020 (edited) 1 hour ago, therock said: Just drove past the Noma site recently and I have mixed feelings about it.. i think the condo has a decent price but the odd shape isn’t good. And the value of that terrace home will now plummet... it will be really dark claustrophobic and may even experience more litter... no one will want to buy it unless the price is really low.. lose lose situation https://www.99.co/blog/singapore/owners-of-geylang-terraces-refuse-to-sell-to-condo-developer-becomes-up-in-real-life/ Cheapo dev tried to lowball him. What for sell to them? I wouldn't cry for him yet as his house can build up to 8 stories. Worse comes to worse, sell to another developer let him them build up to 8 stories side by side with the other condo lol. Cons will be wasted space for lift/staircase and no facilities/carpark. It's within walking distance to datoka mrt so think can survive w/o carpark. Speaking of carparks, I went to noma condo website and it says TBA for the number of carpark lots. I doubt each owner will get 1 carpark lot so not much difference there. Edited December 1, 2020 by ToyotaShuttle 1 Share this post Link to post Share on other sites
Volvobrick 39,869 Supersonic December 1, 2020 Each terrace can rebuild to 5/8 storey with roof top garden and pool. Huat ah! Share this post Link to post Share on other sites
therock 28,352 Twincharged December 1, 2020 I wonder if the developer had to pay extra to allow eight floors? if so the cost of buying this tiny plot plus the additional charges will make it hard to redevelop i suppose Noma could buy it later and add something there.. maybe a restaurant called Noma 🙂 Share this post Link to post Share on other sites
awhtc 1,817 5th Gear December 1, 2020 Households urged by MAS to stay prudent when taking up debt or buying property Vacancy rates for private residential properties rose from 5.4 per cent in the second quarter to 6.2 per cent in the third quarter. https://www.channelnewsasia.com/news/singapore/households-mas-stay-prudent-debt-property-covid-19-13674476 Share this post Link to post Share on other sites
awhtc 1,817 5th Gear December 1, 2020 Watch out for vacancy rate above 7%. I think it is coming in Q3 2020. Share this post Link to post Share on other sites
Wt_know 53,377 Supersonic December 1, 2020 26 minutes ago, awhtc said: Households urged by MAS to stay prudent when taking up debt or buying property Vacancy rates for private residential properties rose from 5.4 per cent in the second quarter to 6.2 per cent in the third quarter. https://www.channelnewsasia.com/news/singapore/households-mas-stay-prudent-debt-property-covid-19-13674476 kind of mixed messages ... here ... one group ... over-leveraged ... cannot pay mortgage ... cry papa cry mama for MAS help one group ... "purposely" choose to defer payment to use the extra money to cheong stock or whatever .... MAS help is being exploited MCF sure is cheong group la ... LOL Share this post Link to post Share on other sites
Throttle2 31,783 Supersonic December 1, 2020 29 minutes ago, awhtc said: Watch out for vacancy rate above 7%. I think it is coming in Q3 2020. No leh, the propertygurus here say rental up up up, more more more. Easy to cover mortgage, leh..... 😅 Share this post Link to post Share on other sites
Throttle2 31,783 Supersonic December 1, 2020 9 hours ago, therock said: Just drove past the Noma site recently and I have mixed feelings about it.. i think the condo has a decent price but the odd shape isn’t good. And the value of that terrace home will now plummet... it will be really dark claustrophobic and may even experience more litter... no one will want to buy it unless the price is really low.. lose lose situation https://www.99.co/blog/singapore/owners-of-geylang-terraces-refuse-to-sell-to-condo-developer-becomes-up-in-real-life/ Feel sorry for the old man who owns the terrace house. The govt shouldnt allow this. oh well, the govt shouldnt allow many things.... Share this post Link to post Share on other sites
Volvobrick 39,869 Supersonic December 1, 2020 (edited) 45 minutes ago, Throttle2 said: Feel sorry for the old man who owns the terrace house. The govt shouldnt allow this. oh well, the govt shouldnt allow many things.... No need to feel sorry - he still can sell it for redevelopment for lots of profits. The strange thing I find is, there is no setback requirements (e.g. 1.5m) for the new buildings from the common boundary! Just a 8 storey high solid wall right up to the boundary line.... Edited December 1, 2020 by Volvobrick Share this post Link to post Share on other sites
Showster 27,604 Twincharged December 1, 2020 (edited) 2 hours ago, Throttle2 said: No leh, the propertygurus here say rental up up up, more more more. Easy to cover mortgage, leh..... 😅 Yes fully covered with enquiries coming in way after rented out. The rest of the properties just renew and renew. Maybe next round renew then see how it goes. Possibly the non performing sectors and sections is not made up by my target area and tenants. If it turns that bad, I will notify you all to help me lament. Edited December 1, 2020 by Showster 1 Share this post Link to post Share on other sites
therock 28,352 Twincharged December 2, 2020 https://www.edgeprop.sg/property-news/cw-brokers-93-million-collective-sale-15-terrace-houses 15 terraces for 93 million... each owner gets a pretty nice pile.. But the land isn't big, and is a bit of an "L" shape... boutique condo? At least there's no hold out by one seller... How often do you see such a en bloc of landed homes? 9999 years 😉 Share this post Link to post Share on other sites
awhtc 1,817 5th Gear December 2, 2020 16 hours ago, Throttle2 said: No leh, the propertygurus here say rental up up up, more more more. Easy to cover mortgage, leh..... 😅 The CCR and RCR are more severely affected. OCR is only slightly so far... Release of 3rd Quarter 2020 real estate statistics "Vacancy rates of completed private residential properties as at the end of 3rd Quarter 2020 in CCR, RCR and OCR were 9.2%, 7.4% and 4.2% respectively, compared with the 7.5%, 6.1% and 4.0% in the previous quarter." https://www.ura.gov.sg/Corporate/Media-Room/Media-Releases/pr20-29#:~:text=Stock and Vacancy&text=Vacancy rates of completed private,see Annex E-4). ↡ Advertisement Share this post Link to post Share on other sites
