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 14 Oct 08 11:02 am |
| CLAYTON wrote: |
I THINK THIS IS A $TUPID AGENT. HE IS RUDE NOW BUT SOON HE WILL BE OUT OF JOB . |
Have a pity on him...... He's just trying to salvage his rice bowl. When the market is back, He will suffer the worst hit, he's just trying to make buyer and seller here blur, so that he have a chance to probably close 1 or 2 deals in the time to come. |
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14 Oct 08 2:12 pm |
One big reason for rise in valuations is that lots of condo owners have sold their property during the last year boom and decided to buy HDB instead. These people pay whatever amount for the unit they live. 20-30K extra COV nothing for them as they made a sizable profit on their last sale.
I know this because lots of my clients like that. |
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14 Oct 08 2:23 pm |
| Anonymous wrote: | One big reason for rise in valuations is that lots of condo owners have sold their property during the last year boom and decided to buy HDB instead. These people pay whatever amount for the unit they live. 20-30K extra COV nothing for them as they made a sizable profit on their last sale.
I know this because lots of my clients like that. |
Meaning the rich has already got their flat and left us poor one without any shelter over our head. haizz |
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15 Oct 08 2:16 am |
| Anonymous wrote: | | Anonymous wrote: | Recently i've been viewing 3 units, those agents told me the same, Val. on the way....
Last Saturday i asked my agent phone to 1 seller's agent (co-broke welcome n i've been called her earlier)arrange appiontment 4 me, later i asked my mom go n view that unit 4 me, 3 rooms upgraded but it's in original condition, i asked (via my agent)4 Val.+cash=192k, the next day the seller's agent called me againt n asked me to go n view that unit, she said last night got 1 auntie (autually is me)asked 4 Val. + 13k, i asked her why is the price since the Val. haven't come out yet, but i already know that the VAL. is 179k, that kind of shit agent , kan na sia.....
so.... if w/o val. , pl beware of those agents, val. on the way....... is pian xiao. |
wow, still got so cheap HDB in Singapore for < 200k....? who say not affordable?
If I were you I will grap fast fast....if not HDB allow me to buy more than 1 hdb... sigh..... |
i'm so doubt about u r that agent i'd mentioned! 40 yrs (1968) old flat , upgraded(1996) but 57.00 sqm , estimated Valuation: 185K (agent told val. on the way....) have to take another 10k+ for "simple" renovation, since i can afford it but is it worth ? anyone interested , carry on..... |
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15 Oct 08 2:45 am |
| Anonymous wrote: | | Anonymous wrote: | One big reason for rise in valuations is that lots of condo owners have sold their property during the last year boom and decided to buy HDB instead. These people pay whatever amount for the unit they live. 20-30K extra COV nothing for them as they made a sizable profit on their last sale.
I know this because lots of my clients like that. |
Meaning the rich has already got their flat and left us poor one without any shelter over our head. haizz |
Thats the way it is.
Rich get richer and poor get pushed down. Maybe govt should have some rule stopping anyone who owns private property from buying HDB...even in resale market. These people have distorted the HDB market. They made their money in enblocs and the boom last year, now bought a nice HDB in their choice location, parked a lot of cash in bank. Can easily ride out the recession and perhaps even buy another private property on the cheap. |
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15 Oct 08 8:57 am |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | Recently i've been viewing 3 units, those agents told me the same, Val. on the way....
Last Saturday i asked my agent phone to 1 seller's agent (co-broke welcome n i've been called her earlier)arrange appiontment 4 me, later i asked my mom go n view that unit 4 me, 3 rooms upgraded but it's in original condition, i asked (via my agent)4 Val.+cash=192k, the next day the seller's agent called me againt n asked me to go n view that unit, she said last night got 1 auntie (autually is me)asked 4 Val. + 13k, i asked her why is the price since the Val. haven't come out yet, but i already know that the VAL. is 179k, that kind of shit agent , kan na sia.....
so.... if w/o val. , pl beware of those agents, val. on the way....... is pian xiao. |
wow, still got so cheap HDB in Singapore for < 200k....? who say not affordable?
If I were you I will grap fast fast....if not HDB allow me to buy more than 1 hdb... sigh..... |
i'm so doubt about u r that agent i'd mentioned! 40 yrs (1968) old flat , upgraded(1996) but 57.00 sqm , estimated Valuation: 185K (agent told val. on the way....) have to take another 10k+ for "simple" renovation, since i can afford it but is it worth ? anyone interested , carry on..... |
depend on location, if it's queenstown, redhill, bugis..etc central area...it's definitely worth for 200k or even 300K !!!
with all the infrastructrue built like circle line, biopolis and other amenities...that cost billions, and most importantly, an environment that allow you to have a job and survive....definitely it's worth the $$ |
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15 Oct 08 9:00 am |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | One big reason for rise in valuations is that lots of condo owners have sold their property during the last year boom and decided to buy HDB instead. These people pay whatever amount for the unit they live. 20-30K extra COV nothing for them as they made a sizable profit on their last sale.
I know this because lots of my clients like that. |
Meaning the rich has already got their flat and left us poor one without any shelter over our head. haizz |
Thats the way it is.
Rich get richer and poor get pushed down. Maybe govt should have some rule stopping anyone who owns private property from buying HDB...even in resale market. These people have distorted the HDB market. They made their money in enblocs and the boom last year, now bought a nice HDB in their choice location, parked a lot of cash in bank. Can easily ride out the recession and perhaps even buy another private property on the cheap. |
there are already enough if not too many rules for HDB...go read it, so, I don't think it's poorman/richman issue...
it's more on human issue, want cheap, want good and want big...and don't want to work hard....  |
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15 Oct 08 9:06 am |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | One big reason for rise in valuations is that lots of condo owners have sold their property during the last year boom and decided to buy HDB instead. These people pay whatever amount for the unit they live. 20-30K extra COV nothing for them as they made a sizable profit on their last sale.
I know this because lots of my clients like that. |
Meaning the rich has already got their flat and left us poor one without any shelter over our head. haizz |
Thats the way it is.
Rich get richer and poor get pushed down. Maybe govt should have some rule stopping anyone who owns private property from buying HDB...even in resale market. These people have distorted the HDB market. They made their money in enblocs and the boom last year, now bought a nice HDB in their choice location, parked a lot of cash in bank. Can easily ride out the recession and perhaps even buy another private property on the cheap. |
Wonder what would happen to Singapore if there is such rule...what happen if those private property owner face financial difficulty and wish to downgrade to HDB? If they can not buy HDB, think they gotta sleep on the street liao.. he he |
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15 Oct 08 11:38 am |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | One big reason for rise in valuations is that lots of condo owners have sold their property during the last year boom and decided to buy HDB instead. These people pay whatever amount for the unit they live. 20-30K extra COV nothing for them as they made a sizable profit on their last sale.
I know this because lots of my clients like that. |
Meaning the rich has already got their flat and left us poor one without any shelter over our head. haizz |
Thats the way it is.
Rich get richer and poor get pushed down. Maybe govt should have some rule stopping anyone who owns private property from buying HDB...even in resale market. These people have distorted the HDB market. They made their money in enblocs and the boom last year, now bought a nice HDB in their choice location, parked a lot of cash in bank. Can easily ride out the recession and perhaps even buy another private property on the cheap. |
Wonder what would happen to Singapore if there is such rule...what happen if those private property owner face financial difficulty and wish to downgrade to HDB? If they can not buy HDB, think they gotta sleep on the street liao.. he he |
lately got news,sleep on the garden bench also kena fine $200!i think the government is hard up now!maybe they should go to the chinatown area,so many people also sleeping opening there!  |
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15 Oct 08 11:45 am |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | One big reason for rise in valuations is that lots of condo owners have sold their property during the last year boom and decided to buy HDB instead. These people pay whatever amount for the unit they live. 20-30K extra COV nothing for them as they made a sizable profit on their last sale.
I know this because lots of my clients like that. |
Meaning the rich has already got their flat and left us poor one without any shelter over our head. haizz |
Thats the way it is.
Rich get richer and poor get pushed down. Maybe govt should have some rule stopping anyone who owns private property from buying HDB...even in resale market. These people have distorted the HDB market. They made their money in enblocs and the boom last year, now bought a nice HDB in their choice location, parked a lot of cash in bank. Can easily ride out the recession and perhaps even buy another private property on the cheap. |
Wonder what would happen to Singapore if there is such rule...what happen if those private property owner face financial difficulty and wish to downgrade to HDB? If they can not buy HDB, think they gotta sleep on the street liao.. he he |
lately got news,sleep on the garden bench also kena fine $200!i think the government is hard up now!maybe they should go to the chinatown area,so many people also sleeping opening there! |
I just read that news as well...they guy was avoiding rain and decided to have a shelter but dosed off for 15 mins and he got fine $200. How sad that can be? It's just ridiculous...they will do whatever they can to suck $ from the people... |
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16 Oct 08 9:27 am |
| I think this case he came appeal to his MP. BUt COV too high we can do nothing |
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16 Oct 08 9:39 am |
| Anonymous wrote: | | I think this case he came appeal to his MP. BUt COV too high we can do nothing |
What izit related to COV? |
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16 Oct 08 10:52 am |
for me..no need to see liao this kind. see liao heartache, cant afford...haha |
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16 Oct 08 11:22 am |
Haiz, COV...COV...
Don't think it will drop larh...just yesterday spoke with 1 agent...ask for 30K...summore say is the lowest one le...some ask 35k, 80k also have...
Den i ask him market can sell meh...he say sure still many ppl wanted...especially from India 1...aoya..how come there so rich leh.... |
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16 Oct 08 12:22 pm |
| Anonymous wrote: | Haiz, COV...COV...
Don't think it will drop larh...just yesterday spoke with 1 agent...ask for 30K...summore say is the lowest one le...some ask 35k, 80k also have...
Den i ask him market can sell meh...he say sure still many ppl wanted...especially from India 1...aoya..how come there so rich leh.... |
I think COV and valuation won't drop for the following reasons:
1. HDB flat is the most basic type of houses in Singapore. Furthermore each family can only buy one. There are so strong demand and very limited supply.
http://www.singstat.gov.sg/stats/themes/people/popinbrief2008.pdf
This year we could have 20k new citizens and 70k new PRs, in addition to don't know how many True Blue Singaporean couples demand for HDB flats.
9505 applicants vs 683 available flats - 16 Oct
http://services2.hdb.gov.sg/webapp/BP13BTOENQWeb/BP13J011DS?strSystem=WIH
2. HDB's policy provide support for resale price. e.g. 4rm flat cost 300k to build. New flats supply only come from BTO. And HDB will collect 10-20% from the applicants before commencement of building unlike during the 1997 Asia financial crisis. During that time there was the RFS (Registration For Flats) system and people could just dropped out of the queue by losing the booking fee ($10). Now you drop out you lose $25k to $50k and HDB also will be very happy if you drop out. Because they can just release these flats at higher prices during balloting exercises in the next property bull run, just like they keep the Duxton flats and release now with higher prices than the initial BTO. The loan requirement now is also very different from 1997. Back then even 70yo retirees can guarantee to get HDB loan when they buy resale flats. Now the policy is must have HLE or bank loan letter of offer then can buy. i.e. no income no flat. This will also ensure that price falls due to recession is minimized.
3. Sellers must sell high because after they sell they also must rent or buy after they sell. With resale price still high which seller want to sell low? If cannot sell just rent to people also got high return.
http://forums.hardwarezone.com.sg/showthread.php?t=2119214 |
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16 Oct 08 12:50 pm |
| Anonymous wrote: | Haiz, COV...COV...
Don't think it will drop larh...just yesterday spoke with 1 agent...ask for 30K...summore say is the lowest one le...some ask 35k, 80k also have...
Den i ask him market can sell meh...he say sure still many ppl wanted...especially from India 1...aoya..how come there so rich leh.... |
Dun listen those agent..bcos they wish you can buy and then can close the case. economic is bad now..do u think ppl willing to take out 20k~80k to buy a HDB? they are rather to rent a unit first and c what the economic going on..my agent told me that now is unstable for HDB price so can wait a while first. |
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16 Oct 08 1:17 pm |
| Anonymous wrote: | Haiz, COV...COV...
Don't think it will drop larh...just yesterday spoke with 1 agent...ask for 30K...summore say is the lowest one le...some ask 35k, 80k also have...
Den i ask him market can sell meh...he say sure still many ppl wanted...especially from India 1...aoya..how come there so rich leh.... |
market crash can sell backside or not ? |
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16 Oct 08 1:30 pm |
| Anonymous wrote: | | Anonymous wrote: | Haiz, COV...COV...
Don't think it will drop larh...just yesterday spoke with 1 agent...ask for 30K...summore say is the lowest one le...some ask 35k, 80k also have...
Den i ask him market can sell meh...he say sure still many ppl wanted...especially from India 1...aoya..how come there so rich leh.... |
Dun listen those agent..bcos they wish you can buy and then can close the case. economic is bad now..do u think ppl willing to take out 20k~80k to buy a HDB? they are rather to rent a unit first and c what the economic going on..my agent told me that now is unstable for HDB price so can wait a while first. |
Ya lorh...its a hard time for all of us leh~~~COV not going to drop den rental keep increase and increase...wat the hell man~~~my owner summore telling nowaday they can get S$750...c larh...30k-80k to get a house just apply to the owner that just selling their house and from there already suck a ltz of COV sure can pay that kind of amount la~~~5% down payment plus COV...kill me better...if i have that big sum of $$$ i rather going back to KL to buy a landed house!!! Drop or no drop also no benefit for those ppl without handcash~~~haiz... |
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