Wt_know Supersonic October 13, 2021 Share October 13, 2021 (edited) 3 minutes ago, Throttle2 said: I said it upmteenth times . This time not i say one ah. Singapore’s biggest bank say one hor.. https://www.todayonline.com/singapore/investing-second-private-property-singapore-yielded-relatively-low-returns-over-past?cid=emarsys-today_TODAY's new morning briefing for Oct 13, 2021 (ACTIVE)_newsletter_13102021_today Youtube guru say one ... every 3-4 years flip ... smelly smelly make $500K with rental passive income ... 1 decade = flip 3 times ... no $1M no talk ... Edited October 13, 2021 by Wt_know ↡ Advertisement 1 Link to post Share on other sites More sharing options...
Throttle2 Supersonic October 13, 2021 Share October 13, 2021 1 minute ago, Wt_know said: Youtube guru say one ... every 3-4 years flip ... smelly smelly make $500K with rental passive income ... 1 decade = flip 3 times ... no $1M no talk ... yes, youtube guru flipped his her students shiok shiok. guess whose pocket full full. by the way, join my masterclass Link to post Share on other sites More sharing options...
Dp26 5th Gear October 13, 2021 Share October 13, 2021 4 hours ago, Throttle2 said: I said it upmteenth times . This time not i say one ah. Singapore’s biggest bank say one hor.. https://www.todayonline.com/singapore/investing-second-private-property-singapore-yielded-relatively-low-returns-over-past?cid=emarsys-today_TODAY's new morning briefing for Oct 13, 2021 (ACTIVE)_newsletter_13102021_today Just remember when taking big loan for second property, dont kena retrenched or fired. 🤣😅 TDSR is not to protect you, it is just a bare bones basic to protect the lenders. 😄 but when you screw up, you screw up…. Muayhahaha People that can invest, in a property or otherwise, hopefully are rich enough to grind through a bad period. but like any forms of investment, there is no sure win. 2 Link to post Share on other sites More sharing options...
Throttle2 Supersonic October 13, 2021 Share October 13, 2021 (edited) 15 minutes ago, Dp26 said: People that can invest, in a property or otherwise, hopefully are rich enough to grind through a bad period. but like any forms of investment, there is no sure win. Many people think they can. And simply use TDSR as a basis of affordability. If thats the case, i would qualify to buy LHY’s bungalow at Caldecott. Of course there is no sure win, but it is sometimes easier to spot a sure loss. 😄 huat ah! Edited October 13, 2021 by Throttle2 1 Link to post Share on other sites More sharing options...
kobayashiGT Internal Moderator October 13, 2021 Share October 13, 2021 5 minutes ago, Throttle2 said: Many people think they can. And simply use TDSR as a basis of affordability. If thats the case, i would qualify to buy LHY’s bungalow at Caldecott. Of course there is no sure win, but it is sometimes easier to spot a sure loss. 😄 huat ah! If you buy liao hor, got house warming, can invite me? 🤣 Link to post Share on other sites More sharing options...
Throttle2 Supersonic October 13, 2021 Share October 13, 2021 (edited) 12 minutes ago, kobayashiGT said: If you buy liao hor, got house warming, can invite me? 🤣 Dont worry, that (buying the house) will never happen . So will also never invite you to any house warming😀😆😁 Edited October 13, 2021 by Throttle2 2 Link to post Share on other sites More sharing options...
kobayashiGT Internal Moderator October 13, 2021 Share October 13, 2021 4 minutes ago, Throttle2 said: Dont worry, that (buying the house) will never happen . So will also never invite you to any house warming😀😆😁 Aiyah. I cannot be a parasite like that. 🤣 Link to post Share on other sites More sharing options...
Showster Twincharged October 13, 2021 Share October 13, 2021 Property may not be the best asset for everyone and all periods of time, but for most people and most periods, it simply is the best. 10 years have gone by since 10 years ago they said property already has gone up by so much, how much more to go? Judge for yourself the run from 2008-2013 and from 2018 to 2021, and also the dip from 2013 to 2017. Look at the overall direction. Judge for yourself. 2 1 Link to post Share on other sites More sharing options...
Throttle2 Supersonic October 13, 2021 Share October 13, 2021 (edited) 7 hours ago, Throttle2 said: I said it upmteenth times . This time not i say one ah. Singapore’s biggest bank say one hor.. https://www.todayonline.com/singapore/investing-second-private-property-singapore-yielded-relatively-low-returns-over-past?cid=emarsys-today_TODAY's new morning briefing for Oct 13, 2021 (ACTIVE)_newsletter_13102021_today Just remember when taking big loan for second property, dont kena retrenched or fired. 🤣😅 TDSR is not to protect you, it is just a bare bones basic to protect the lenders. 😄 but when you screw up, you screw up…. Muayhahaha Guess what , i mentally made a bet using my entire networth as wager that Showster would have a reply post regarding this. and i won big ! he is on my ignore list still so i dont read what he says but i can see he posted. ✌️ And i can bet again that he must be saying that, property is the best, sure win, confirm huat. ☝️ too bad it isnt so easy to make money in real life. Even going to the casino to bet is higher risk. muayhahhahhahhahhha😂😆😎 Edited October 13, 2021 by Throttle2 1 Link to post Share on other sites More sharing options...
therock Supersonic October 13, 2021 Author Share October 13, 2021 (edited) https://www.straitstimes.com/business/invest/property-no-longer-the-best-retirement-investment-dbs-report All that glitters is not just housing... Quote SINGAPORE - Property has long been seen as a pot of gold for Singapore investors, but a new DBS study that came out on Tuesday (Oct 12) shows that in the future, it might not be the treasure trove it used to be. This is especially as new properties are smaller and more expensive as property price growth outpaces income growth. Property analyst Derek Tan from DBS Group Research told reporters in a media briefing that the property price-to-income ratio is projected to hit a multi-year high as properties will cost 15 times the annual pay of a median-income family. This means that a family wanting to upgrade to a similar-sized or bigger private property has to pay 15 times what it is earning in a year, based on current prices. Mr Tan said: "This figure is the highest we have seen in 20 years. It means that current prices are not sustainable unless we see salaries increase at a faster rate, and it also implies that households increasingly need to have dual sources of income." Historically, the price-to-income ratio - which measures property prices over annual income, including Central Provident Fund (CPF) contribution - has been from nine to one, to 12 to one. The DBS report also showed that the average property price per sq ft (psf) has jumped 50 per cent since 2010, an increase which has grown more significant in new property launches. Edited October 13, 2021 by therock 1 Link to post Share on other sites More sharing options...
Showster Twincharged October 13, 2021 Share October 13, 2021 What they said in 2013: https://www.straitstimes.com/singapore/property-is-not-a-one-way-bet-to-wealth What they said in 2011: https://www.propertyguru.com.sg/property-management-news/2011/4/48633/spore-properties-still-too-expensive-says-propertyguru-survey What they said in 2008: https://www.salary.sg/2008/property-must-crash-see-graph/ Dozens more articles… 2 Link to post Share on other sites More sharing options...
Newbie26 Hypersonic October 13, 2021 Share October 13, 2021 8 minutes ago, Showster said: What they said in 2013: https://www.straitstimes.com/singapore/property-is-not-a-one-way-bet-to-wealth What they said in 2011: https://www.propertyguru.com.sg/property-management-news/2011/4/48633/spore-properties-still-too-expensive-says-propertyguru-survey What they said in 2008: https://www.salary.sg/2008/property-must-crash-see-graph/ Dozens more articles… Agree property not sure bet, people have lost hard earned $$ But its rise and rise since 2020 is surprising and few would have predicted the surge since Jan 2020 and now gurus are predicting a continued rise because of super low interest rate Been to view some popular ones recently, its a seller market, reminiscent of 2013, was told valuation price is yesterday news , its all future pricing liao 🤣 2 Link to post Share on other sites More sharing options...
Khng8 4th Gear October 14, 2021 Share October 14, 2021 16 hours ago, Showster said: Property may not be the best asset for everyone and all periods of time, but for most people and most periods, it simply is the best. 10 years have gone by since 10 years ago they said property already has gone up by so much, how much more to go? Judge for yourself the run from 2008-2013 and from 2018 to 2021, and also the dip from 2013 to 2017. Look at the overall direction. Judge for yourself. I think it would be fairer to judge the price growth of a particular project bought during launch each of the period you mentioned to see how that particular project or unit has performed. You may buy a dude & lose $. Unfortunately, we are buying a unit & not the index. 1 Link to post Share on other sites More sharing options...
Throttle2 Supersonic October 14, 2021 Share October 14, 2021 (edited) 12 hours ago, therock said: https://www.straitstimes.com/business/invest/property-no-longer-the-best-retirement-investment-dbs-report All that glitters is not just housing... Correct it never was just properties. And i would say it again. properties is but another assetclass we can use to enhance our financial position, however to go all in on properties is never the best thing to do. The Govt are concerned now as the extremes are being tipped. An era has gone by and another has come. Some people talk about SG & HK. Do we really want SG housing to end up like HK? No. I do not want our future generations, our children, our grand children to suffer the fate of others before us. Therefore the people in power must prevent this. eg. The Old Days - Two is enough, be a good employee, one company lifelong, own a suitable home that you can afford. Retire in decency The new times - No kids better (population dwindling problems), high job hopping, whack as much as you can in a property even if you have to borrow on your parents kidneys, trouble in retirement (need to liquidate residence) Are we truly happier compared to the previous generation simply becos we have TV Computer mobilephones ? Will our children be happier than us? i can certainly say NO. And this is one of the main reasons why people are leaving. Tackle the root cause otherwise, take a hike Edited October 14, 2021 by Throttle2 1 Link to post Share on other sites More sharing options...
therock Supersonic October 14, 2021 Author Share October 14, 2021 I think the benchmark or minimum is to meet the CPF 2.5%... if your rentals can't cover it, then it's no good. It's a big investment, whereas I can fork out a few k to buy some shares and get 2.5% off dividends.. And when calculating returns, don't forget to add loan, legal and other costs as well as opportunity costs... BUT hey I'm not against property, I firmly believe in it, if the price is right... 4 Link to post Share on other sites More sharing options...
Showster Twincharged October 14, 2021 Share October 14, 2021 (edited) 1 hour ago, Khng8 said: I think it would be fairer to judge the price growth of a particular project bought during launch each of the period you mentioned to see how that particular project or unit has performed. You may buy a dude & lose $. Unfortunately, we are buying a unit & not the index. Exactly. The main aim is to find one that allows us to match or beat the index. That is the right approach over the long run. What many are doing, is to wait for the index to show more affordability or cheap prices overall. Time is not in our favour taking this approach. They miss out on the right property at the right time. Edited October 14, 2021 by Showster 2 1 Link to post Share on other sites More sharing options...
Wt_know Supersonic October 19, 2021 Share October 19, 2021 (edited) $6.3K can buy condo liao no wonder spore condo sold out faster than OCK curry puff … https://vt.tiktok.com/ZSeFjFeWD/ @kobayashiGT MTL!!! Edited October 19, 2021 by Wt_know 1 Link to post Share on other sites More sharing options...
Throttle2 Supersonic October 19, 2021 Share October 19, 2021 (edited) 1 hour ago, Wt_know said: $6.3K can buy condo liao no wonder spore condo sold out faster than OCK curry puff … https://vt.tiktok.com/ZSeFjFeWD/ @kobayashiGT MTL!!! Cheong ah! huat ah! I can buy quite a handful in this case……yeah! Edited October 19, 2021 by Throttle2 ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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