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 31 Jul 08 12:18 am |
| Prices will go up from Oct 08 until end of 2009. about 69,000 workers will be descending upon the IRs and surrounding Marina new hotels and offices. 40,000 are expected to be foreign talents who will be looking for HDB flats to buy or rent. If rental remains too high(very likely it will be), HDB resale prices will go up to new high too. One thing for sure, prices for HDB will keep going up and never drop again for the next 3-4 years at least. Thats my take. |
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31 Jul 08 11:16 am |
| 3~4 years not very sure, but within this 2 year the Val of HDB will be going up and won't drop at all. Even the Val of HDB will drop after 2 or 4 years, it also wont drop until the price like now (VAL+COV). |
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31 Jul 08 8:01 pm |
| Anonymous wrote: | | 3~4 years not very sure, but within this 2 year the Val of HDB will be going up and won't drop at all. Even the Val of HDB will drop after 2 or 4 years, it also wont drop until the price like now (VAL+COV). |
If this is true, god bless for those who sold their unit at "high" price & staying with their parent now; Wanted to buy back when HDB price drop again. |
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31 Jul 08 8:18 pm |
COV will go South as the Valuation go North...
this is to tame down the market... |
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01 Aug 08 2:22 am |
I think the writing is already on the wall, HDB will be building more 4 room private built flats going at $430k and above.
HDB built flats in mature estates surely cannot be worth less than $400K especially when the pace of foreign talents peak. I heard there are more 100,000 applying and waiting to get into Singapore. |
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01 Aug 08 1:55 pm |
| Anonymous wrote: | I think the writing is already on the wall, HDB will be building more 4 room private built flats going at $430k and above.
HDB built flats in mature estates surely cannot be worth less than $400K especially when the pace of foreign talents peak. I heard there are more 100,000 applying and waiting to get into Singapore. |
where do you get the 100K figure ,
today there is one article in yahoo metion high jobless rate also newspaper said that too
if this is the case then we should expect property price to go down rite .... |
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01 Aug 08 4:00 pm |
| Anonymous wrote: | I think the writing is already on the wall, HDB will be building more 4 room private built flats going at $430k and above.
HDB built flats in mature estates surely cannot be worth less than $400K especially when the pace of foreign talents peak. I heard there are more 100,000 applying and waiting to get into Singapore. |
For those who don't believe about the writing, how about I show you the drawing from the official HDB website?
http://www.hdb.gov.sg/fi10/fi10201p.nsf/WPDis/Buying%20An%20Apartment%20Under%20Design,%20Build%20And%20Sell%20SchemeDBSS%20Sites?OpenDocument
.jpg)
Even new HDB BTO flats will be offered at increasing price because there are many PR applying to become Singapore citizen then go and apply BTO direct from HDB:
http://www.straitstimes.com/ST%2BForum/Story/STIStory_261057.html
Do you know how many billion population both China and India has and how lousy is their living conditions compared to Singapore? See the above Straitstimes article. To say that there are only 100k foreigners (from China and India) applying for Singapore PR is really a very serious under-estimation.
| Anonymous wrote: |
where do you get the 100K figure ,
today there is one article in yahoo metion high jobless rate also newspaper said that too
if this is the case then we should expect property price to go down rite .... |
http://biz.yahoo.com/ap/080731/wall_street.html
This is a US problem and it has been there for about 1 yr already. Even they have not experience recession yet. |
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02 Aug 08 9:20 pm |
| so many unit built price will go down |
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09 Aug 08 9:37 pm |
| C'mon ppl to me prices will NOT drop till about 2010 they are all speculating that it will drop at 2009 BUT its all just bull. Inflation affects not only your households expenses BUT everything that costs you money. If your are offered a nice house in a not too shabby condition, with a 10k-2Xk abv valuation just buy it. Example, a EM's valuation in tampines(high living cost area) is about 450k-500k, sellers wont buy ridiculous and ask for a 50k abv valuation becuase with a price of 5XXk, buyers rather buy a jumbo somewhere else. My friend recently told me that she wanted to buy a 5 room flat for 300k, my response? I told her that the day u buy a 300k 5room flat is the day i can buy a bungalow for less than a million. True.... that in the old days a flat like that costs only 300k+ but i say STOP LIVING IN THE PAST. |
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09 Aug 08 9:40 pm |
| Anonymous wrote: | | C'mon ppl to me prices will NOT drop till about 2010 they are all speculating that it will drop at 2009 BUT its all just bull. Inflation affects not only your households expenses BUT everything that costs you money. If your are offered a nice house in a not too shabby condition, with a 10k-2Xk abv valuation just buy it. Example, a EM's valuation in tampines(high living cost area) is about 450k-500k, sellers wont buy ridiculous and ask for a 50k abv valuation becuase with a price of 5XXk, buyers rather buy a jumbo somewhere else. My friend recently told me that she wanted to buy a 5 room flat for 300k, my response? I told her that the day u buy a 300k 5room flat is the day i can buy a bungalow for less than a million. True.... that in the old days a flat like that costs only 300k+ but i say STOP LIVING IN THE PAST. |
2010?? I dont think so perhaps 2012 when all the IRs and "FOREIGN TALENTS" settle down. Hmph living in SG these days are hard |
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10 Aug 08 12:37 am |
| Anonymous wrote: | | C'mon ppl to me prices will NOT drop till about 2010 they are all speculating that it will drop at 2009 BUT its all just bull. Inflation affects not only your households expenses BUT everything that costs you money. If your are offered a nice house in a not too shabby condition, with a 10k-2Xk abv valuation just buy it. Example, a EM's valuation in tampines(high living cost area) is about 450k-500k, sellers wont buy ridiculous and ask for a 50k abv valuation becuase with a price of 5XXk, buyers rather buy a jumbo somewhere else. My friend recently told me that she wanted to buy a 5 room flat for 300k, my response? I told her that the day u buy a 300k 5room flat is the day i can buy a bungalow for less than a million. True.... that in the old days a flat like that costs only 300k+ but i say STOP LIVING IN THE PAST. |
if that is the case , all the flat will owned by foreigners as local singaporean mostly their household income is lesser then 4K |
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10 Aug 08 2:25 am |
| Anonymous wrote: | | C'mon ppl to me prices will NOT drop till about 2010 they are all speculating that it will drop at 2009 BUT its all just bull. Inflation affects not only your households expenses BUT everything that costs you money. If your are offered a nice house in a not too shabby condition, with a 10k-2Xk abv valuation just buy it. Example, a EM's valuation in tampines(high living cost area) is about 450k-500k, sellers wont buy ridiculous and ask for a 50k abv valuation becuase with a price of 5XXk, buyers rather buy a jumbo somewhere else. My friend recently told me that she wanted to buy a 5 room flat for 300k, my response? I told her that the day u buy a 300k 5room flat is the day i can buy a bungalow for less than a million. True.... that in the old days a flat like that costs only 300k+ but i say STOP LIVING IN THE PAST. |
How old are you?
Do you remember 1997 housing bull market. Some people who bought then have barely broken even now. Even then I hear people talk just like you....mostly agents.
Did you hear PMs speech? Didnt he clearly mention conditions are going to be tough?
The problem with prices right now is that they are becoming unaffordable for most. There is uncertainty about job market and noone would like to break the bank and take a huge loan without being sure that they will be able to pay back.
So overall prices have reached an upper limit for market. Prices are unlikely to drop sharply because there is still enough demand but they wont appreciate either. This situation will continue till the economic scenario clears up. If economy slows down, prices will drop, if it is maintained near current levels...prices will be sustained. There is no hope for a sharp economic reconvery yet because the macro economic factors are very negative. |
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10 Aug 08 8:56 am |
| Anonymous wrote: | | Anonymous wrote: | | C'mon ppl to me prices will NOT drop till about 2010 they are all speculating that it will drop at 2009 BUT its all just bull. Inflation affects not only your households expenses BUT everything that costs you money. If your are offered a nice house in a not too shabby condition, with a 10k-2Xk abv valuation just buy it. Example, a EM's valuation in tampines(high living cost area) is about 450k-500k, sellers wont buy ridiculous and ask for a 50k abv valuation becuase with a price of 5XXk, buyers rather buy a jumbo somewhere else. My friend recently told me that she wanted to buy a 5 room flat for 300k, my response? I told her that the day u buy a 300k 5room flat is the day i can buy a bungalow for less than a million. True.... that in the old days a flat like that costs only 300k+ but i say STOP LIVING IN THE PAST. |
How old are you?
Do you remember 1997 housing bull market. Some people who bought then have barely broken even now. Even then I hear people talk just like you....mostly agents.
Did you hear PMs speech? Didnt he clearly mention conditions are going to be tough?
The problem with prices right now is that they are becoming unaffordable for most. There is uncertainty about job market and noone would like to break the bank and take a huge loan without being sure that they will be able to pay back.
So overall prices have reached an upper limit for market. Prices are unlikely to drop sharply because there is still enough demand but they wont appreciate either. This situation will continue till the economic scenario clears up. If economy slows down, prices will drop, if it is maintained near current levels...prices will be sustained. There is no hope for a sharp economic reconvery yet because the macro economic factors are very negative. |
The past is something for us to measure the guideline but will not determine the future. Kid, we have to face the change for future.
Dont just stay in ur comfortable zone, you will lose out to others. World is changing, we need to keep changing too. Market will not drop to where its start, it will have its new starting line. |
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| Re: Do you think HDB Resale flats valuation and COV will dro |
17 Aug 08 8:49 am |
| Anonymous wrote: | | harlolee wrote: | http://business.asiaone.com/Business/My%2BMoney/Property/Story/A1Story20080415-59836.html
Property prices world wide are crashing. |
I think not just property, but the whole economic as a whole, and it's getting worst...people who buy now...very good luck to them...  Hope that there will be no job loss though.. haizz |
Job loss can happen even in good time, just make sure you are comfortable with the price and can afford. Remember to save some for rainy days in CPF/CASH that can last installment for 1-2 yrs |
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18 Aug 08 3:06 pm |
| Anonymous wrote: | | Anonymous wrote: | I think the writing is already on the wall, HDB will be building more 4 room private built flats going at $430k and above.
HDB built flats in mature estates surely cannot be worth less than $400K especially when the pace of foreign talents peak. I heard there are more 100,000 applying and waiting to get into Singapore. |
For those who don't believe about the writing, how about I show you the drawing from the official HDB website?
http://www.hdb.gov.sg/fi10/fi10201p.nsf/WPDis/Buying%20An%20Apartment%20Under%20Design,%20Build%20And%20Sell%20SchemeDBSS%20Sites?OpenDocument
Even new HDB BTO flats will be offered at increasing price because there are many PR applying to become Singapore citizen then go and apply BTO direct from HDB:
http://www.straitstimes.com/ST%2BForum/Story/STIStory_261057.html
Do you know how many billion population both China and India has and how lousy is their living conditions compared to Singapore? See the above Straitstimes article. To say that there are only 100k foreigners (from China and India) applying for Singapore PR is really a very serious under-estimation.
| Anonymous wrote: |
where do you get the 100K figure ,
today there is one article in yahoo metion high jobless rate also newspaper said that too
if this is the case then we should expect property price to go down rite .... |
http://biz.yahoo.com/ap/080731/wall_street.html
This is a US problem and it has been there for about 1 yr already. Even they have not experience recession yet. |
I don't think the living condition in Singapore is better than China, please go to China cities and have a look of their propoties, then you will know how lousy HDB is!  |
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18 Aug 08 5:26 pm |
dont talk about only couple of Chinese cities that are developed.
Rest all CMI one. Dont even begin to compare with Singapore. If China was better we wouldnt have so many Chinamen flocking here. |
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19 Aug 08 10:21 am |
| Anonymous wrote: | dont talk about only couple of Chinese cities that are developed.
Rest all CMI one. Dont even begin to compare with Singapore. If China was better we wouldnt have so many Chinamen flocking here. |
hahaha you frog in a well.  china is so HUGE and the people there are in billions. Those chinamen flocking here are the poor , and they are prepared to slog it out here for some years . After they have , hopefully, made enough they run back to china. All due to high exchange rate of the sin$$. not because they love this place. And definitely not because this place
is better than china. |
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19 Aug 08 10:32 am |
| sine they are going to price the DBSS flats so high, will the income ceiling cap be revised to $10 000? if not,these new couples will be in deep debt. hopefully these couples work out their sums before commit |
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22 Aug 08 4:44 pm |
| Anonymous wrote: | | sine they are going to price the DBSS flats so high, will the income ceiling cap be revised to $10 000? if not,these new couples will be in deep debt. hopefully these couples work out their sums before commit |
  income ceiling cap sure can be revised to 10K,
but first someone has to decide that hdb is now for the middle income group.
In the very beginning , it was declared that hdb is for the lower income only.
everything can be done. can make rules that everyone can buy, no restriction on income. it all depends on needs and situations. depends on ............ |
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