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Showing results for tags 'property'.
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hi have 2 property to rent out , one is 8000 square feet and second at 2000 square feet. any agents please PM me thanks
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The newest attempt to cool the property market and stop short term speculation. From what I understand - Loan to Valuation lowered to 60%, 40% cash or CPF. Seller stamp duty raised to 16% on the 1st year sale, 12%, 8% and then 4% on subsequent years. Pretty big changes in the short term. http://www.mnd.gov.sg/newsroom/newsrelease...ews13012011.htm
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In Singapore I mean, is there any private property worth investing in with only $500K? I see alot of "Mickey Mouse" 400sf units for sale around this price ($500K), but are this type of units easy to rent out (must be able to cover the monthly installment and other costs) and easy to sell away?
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A light hearted remark with very serious undertones: The recent 9 quarters of property prices run have made a lot of paper millionaires. Similarly there are many who committed buying those properties at peak prices. Those prices can only move down from now on. With recent govt announced measures to cool the market, it seems that it may just work. But inside this govt toolbox there are plenty of other measures they are waiting to use to engineer a slow drop in property prices. It is in thier best interest that properties do not appreciate thogh they may say otherwise. Singapore's polpulatio increase is mainly at the base of the pyramid, mostly low salaried workers. Even though the rich do come and snap up pricier ones, their numbers pale to the widening base. Therefore the means would still hover around the same prices....no change. In the past I have posted that many WILL get their burnt. Many are. They are now stuck with properties they cannot dispose of. And like the share market, there will be some stubborn ones who die-die will hold on in the hope of a rebound. They just lack the balls to cut loss and move on. Otherwise they are in the rut for a long long time. Cannot move ...cannot do anything...life stops. But in the end they will selll at a huge loss because they have not discipline in making the right decisions early. I have advised those that I know of to make those quick decisions. It is better to have a smaller place that is fully paid up than a bigger one which continnues to incur mortgage which becoming depreciating assets. It is also better to cut and run and be able to take further participation when the market moves again as compared to being held ransom to the knowing threat of dropping prices. In a years time, lets see who is left holding the baby. Will it be you?
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MND announces measures THE Ministry of National Development (MND) announced on Monday several measures that would maintain a 'stable and sustainable' property market, that will take place with immediate effect. In a statement issued on Monday morning, MND said it would increase the holding period for the imposition of Seller's Stamp Duty (SSD) on residential properties sold from one year to three years. The SSD levied will vary according to the term of occupancy. If the property is sold in the first year of purchase, the full SSD will be levied - one per cent for the first $180,000 of the consideration, two per cent for the next $180,000, and three per cent for the balance. Two-thirds of the SSD will be levied for properties sold in the second year of occupancy and one-third for properties sold in the third year of occupancy. The extended SSD will not affect HDB lessees as the required Minimum Occupation Period for HDB flats is at least 3 years. For property buyers with outstanding housing loans, the Minimum Cash Payment has been increased from five per cent to ten per cent of the valuation limit. This measure is applied only to buyers of private residential properties, Executive Condominiums, HUDC flats and HDB flats (including those under the Design, Build and Sell Scheme) who are taking housing loans from MAS-regulated financial institutions who already have one or more outstanding housing loans. For this group, the Loan-to-Value (LTV) limit has been lowered from 80 per cent to 70 per cent. Borrowers who do not have any outstanding housing loans will continue to have an LTV cap of 80 per cent. Loans granted by HDB for HDB flats (including DBSS flats) will still have an LTV cap of 90 per cent. HDB loans are offered to eligible first-time flat buyers and second-timers who are right-sizing their flats to meet their housing needs. They are required to utilise all of their CPF Ordinary Account balance before HDB loans will be granted. In their statement, the MND said lowering the LTV limit would 'send a clear signal' to financial institutions to maintain credit standards, and also encourage greater financial prudence.
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Hi, Just shifted in to a condo unit. The property tax I will be paying over 1 year is $816. Is this the norm for condo units?
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Just came across this news today on Straits Times... Now HDB also control us from buying overseas properties unless u declared and yor HDB ownership is more than 3 years... WTF? Whats overseas properties got to do with HDB rulings... CB... The government so scare that pple all go buy overseas properties if they dont have other alternatives? So scared that the money will go to other countries instead to our HIGHLY PAID Ministers? Next Mon, sure got alot of pple around complaint abt this nonsense rule.... Cant wait for this coming election.. Time to make my vote...Hopeless.
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with the new ruling, can i still buy a private property even i have already stay in my current HDB for 10 years without selling it?
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By Khalil Adis (courtesy of PropertyGuru) The Singapore government has followed in the footsteps of China and Hong Kong to cool down its property market, specifically for public flats. The latest measures appear to be aimed at speculators who are partly blamed for driving Housing Development Board (HDB) resale prices upwards. In case you don
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Becareful about investing in property It
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It dawned on me a few months back on how rapid and surreal the rise is property prices are in Singapore. Being an older citizen and someone who has undergone thru a few property cycles, I dread to look into my crystal ball. But I shall not say what I see in the crytal ball but instead I shall lay down some pitfalls our younger generation may get into. 1) Why are the prices rising? In the past, property rise wasn't as rapid as currently. If you think about it, past rises (before mid 80s) were very mild. Even back then the economy was doing well but prices didnt shoot thru the roof! There wasn't many FT importation. So the increase was mainly due to inflation, slowly growing number of citizens and HDB's supply of new units. Currently, the biggest factor leading to escalation is the welcoming of FT. You gotta house an additional 1+ million, there is no way prices wont move. 2) Is the number of FT import increasing? The ans is YES!. As long as we hit double digit growth. But the moment those numbers drop.....watch out! Because we are soplugged into the worlds economy that any little tremor in any market, we will get hit. China, India, Euro, US, SEA....any one of these can potentially devastate us. But the rise in FT number can also not be sustainable. Imaging importing until 10million resisdents? Our physical constarints can never be removed. But what will happen when we hit the limit.....say 6million then stop importing? What happens to property values? They will stagnate or slide just like the early 80s. Then what happens to our younger citizens who bought at inflated prices? They have tied up all their income into just paying the mortgage of 40+years. Once an inflation peak comes, interest rates bumps to 9% ( as it has happen previously) many will be unable to pay their interest, let alone the principal. Many will lose their roofs over their heads. Or if they lose their jobs. Or if theyre retrenched. Or if the get hit will long term illness. Then those who are just able to barely escape all these will find their CPF nestegg empty. All of which have been used up in paying interests. They will have nothing for retirement. The govt will then cajole them to rent, sell or give it to insurance co, just so they can have something to eat. 3) Conclusion? In the future there will be many an FT going back. They will liquidate, esp during a recession. I advise citizens to pay off their mortgage asap of take the least amount of loans possible. Save those bullets for a rainy day. Save it to buy back those property being sold cheap by the returning FTs. Take back your country. When the upturn comes, rent it back at ridiculous $$$.
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..walau, over last week, received daily calls, sms for them to want to buy my properties...knn....ppl doing work also kacau... next time, i gonna scold them....property sooo hot meh? I have one approaching TOP, and that also they call and say wan to buy...but me holding outlah..even my cheap HDB, they wan...nb
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http://sg.news.yahoo.com/afp/20090812/tbs-...ty-0b9af05.html Not yet sleeping so I thought of sharing my view on the current property boom...I was in the east looking for a small apartment...Why?? I just need a small apartment to stay....If I buy a 3-room HDB...It's probably something which is quite old...If I am going to buy a 4 or 5 room in a more centralise area....It's probably going to cost me 70% of the money I required to get a freehold 2 bedder in the east/west or north etc....So why not i pay 30% more and buy something that can last for a long time... I went into the showroom...The salesman very helpful....explained to me the project...bring me look around....then tell me he got colleague that can discussed further with me....yes....it's going to be money talk I guess!!! Anyway since no more 2 bedder is available...I told him I got all the information I required....should i am intersted in the left over 2+1....I will let him know...He immediately told me to wait and bring out a piece of those seem like triple 5 notebook paper...and tell me he got customer whom are willing to let go....minimum 5 units in the paper I saw....I just ask him if that's the case....won't I be buying at a more expensive price? He brush off my question by rattling off again what unit he have to let go... 1 person have already at least 5 units of would be willing to sell units...simple maths...if there is only 20 sales pple and each have also 5 units on hand ready to let go....5 x 20 = 100 buyers whom are willing to give up their units at a profit...The development have a total of 300+ units...I think speculation is really getting hot !!!! Price are really being driven up....
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It's amazing even at lousy times like this, property prices for HDB is still high. Couple of my friends (including me) are thinking of offloading our HDB flats and bunking in with parents. Any experts here can tell when's a good time to sell? I have observed so far that HDB flat prices have mostly been on the rise (hardly drop) over the decades. In other words, even if people were to sell now but prices are still expected to rise in years to come right? I'm not a property guru, but in this case, why are people selling?
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Hi all, Have a question on the above. Lawyer found that part of the land of the project is under "Road reserve". What are the implications of this? The valuation? Subsequent perceived value? Thanx
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Not exactly on the road complaints but here it goes... Am currently looking for another property and have made a few calls to those on classifieds, etc.... Complaint 1: never pick up, never return call. I really want to have a viewing at that area as I am more or less decided but wait, nobody attends to you at all? Has somewhat dampened my interest. Complaint 2: Very rude over the phone. Called this agent to enquire about the unit she posted, the direction facing and the view (very important to me as I am looking for a penthouse). I told her politely it wouldn't be very nice if it turns out not to be the facing i fancy and we'd be wasting her time, to which she replied "I give you the number you go see yourself lah!". And the biggest joke is she gave me a unit number which does not exist. I know it because I know that project very well having eyeing it for quite some time. She then said she'll check and hung up on me. Complaint 3: When I pointed out that a similar terrace along the same street was sold for three-quarters of the price she is asking she laughed out and told me to look carefully because that unit don't have this or that (which really does not warrant for a much higher asking price); also does not offer to arrange for a viewing. Why is this happening? Are property agents making too much money they cannot be bothered with my minute purchase? I dare to say I am always a nice customer so the provocation could not have come from me. [:(]
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Hi, I was wondering if ppl will wan to try to sell their property on his own? I am trying to sell mine soon. Care to share? Thanks Sorry the topic should be Will you try to sell your property yourself? sorry for the confusion.
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One moment there are a few units i was looking at selling 720k to 760k.. then somehow not many advertisements.. then when advertisements start to appear again prices range from 800k to 820k.. in a span of 2 weeks. Another project.. price ranged from 680k to 740k.. after few weeks it became 800k and above. Can anyone advise who determines the prices? demand and supply? valuation? but how can valuation suddenly changed so much in few weeks.. Sorry if i asked silly questions.. I am still trying to find a 3br unit within my budget..
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anyone has a link to the new property rules to quell speculation? heard there's an update but can't seem to find it.
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Reason for property tax hike http://business.asiaone.com/Business/My%2B...122-181541.html Sun, Nov 22, 2009 The Straits Times By Sue-Ann Chia SENIOR POLITICAL CORRESPONDENT THE property tax of HDB flats is being raised next year partly to avoid having to introduce a bigger increase later should home prices continue to rise, said Acting Minister for Information, Communications and the Arts Lui Tuck Yew. He gave the reason on Sunday when he was asked, at a dialogue with Aljunied-Hougang residents, whether the Government could have delayed it since the recession has just started to ease. Noting that the adjustment had been delayed once, in 2008, Rear-Admiral (NS) Lui said: 'The problem is the longer you defer it, the larger the increase will be in the property taxes if HDB prices continues to go up.' So will the property tax be lowered if the home price drops??? seems that Govt wants to take money from peasant first...how abt introducing further pay cut to all ministers inorder to forecast high inflation....
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Dear All, My uncle has a bungalow which he want to sell located in JB. Seems like the few property agents he spoke to really has no drive to sell the house for him. Any bros here know of any property agent either in Singapore or JB that is interested to sell the house?
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A good fren of mine is an agent and we had a short chat recently. I thought he was closing lots of transactions as the property market has been good the last 4 to 5 months. He told me the market for HDB flats is very difficult if you serve buyers. The agents representing the sellers do not want to co-broke with the buyers' agent. They want to earn the full 3%. What happens is that they will quote a ridiculous 50K cash over valuation to a potential buyer with an agent however if the buyer does not have an agent they will quote something like 20K cash over valuation. The seller does not know this is happening. Am told 70% of sellers' agents do this ............. true or not we wont know but do take note of such practices by many agents ............. This is surely not in the best interest of the seller.
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a simple survey as there is lots of interest on HDB prices Private property HDB or both thanks for participating
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Bros, I have a small retail shop in balestier but 2 of the agents i left to rent out for me all no sound no shadow. SMS no reply, call always says busy will call me back . . . Anyone got good agent to recommend, its a very small retail shop in a not so great place, less than 200 sqft. No fussy about rental. Thanks
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Dear All, I am just curious, having seen all the HDB property prices related threads, do you seriously want HDB prices to fall? I guess this poll/question will attract different responses, depending on your situation or life cycle stages you're in. Come share your opinons... Thargor
