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 04 Jun 08 12:36 pm |
| Whats the meaning of COV? |
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Guest
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04 Jun 08 1:25 pm |
| cash over valuation. this amount needs to be paid in cash. hdb or bank loan only the valuation amount. |
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04 Jun 08 1:48 pm |
| Anonymous wrote: | | Whats the meaning of COV? |
But to some COV means,
CAN ONLY OFFER AT VALUE.........or below,which ever is lower..  |
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04 Jun 08 2:02 pm |
| Anonymous wrote: | Sellers quoting 20-30k COVs are just trying their luck to hit the jackpot of getting a sucker to buy their house.
Their units got a long way to relist and relist.
Normal buyers are resisting overpaying high prices. thus causing the quiet market.
It's all about patience now but buyers definitely got the edge as private property prices is falling fast to pressure HDB's. Rentals decrease will soon follow. |
totally!  |
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04 Jun 08 5:10 pm |
| Me too.....I plan buy one to rent out. But I dont want to burn a hole in my pocket before the $ goes in!!!!! |
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05 Jun 08 3:35 pm |
| i read yesterday paper, many developer are renting out their pty and today papers said some developer are slashing prices 30%... what does these means??? tell u, it means can recoup better recoup first.. can let go before it suffer more losses better let go.. next, what is going to happen from now to the next 6 to 9 months... think for yourselve. |
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05 Jun 08 3:48 pm |
saw this ad for a amk flat..........."less than 30k COV. Cheapest already.
Hesitate and it'll be gone. "
i reply let it be gone from this ads cause it will come back as a re-list again and again. |
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05 Jun 08 3:58 pm |
I saw a unit somewhere in bedok res, 4A type, sometime last month.
the detail as follow :-
Low cash, fully renovated, park view, move in condition.....
below is what i see when i view the unit :
1) toilet door in master bedroom almost dropping
2) need to redo the whole kitchen as lots of tiles are coming off
3) can still managed to see part of the park.. about 30% of the window area
4) Owner asking 35K cash
5) need to repaint the whole house as the unit in painted in RED color... even in bedroom
6) the main door can be lock, so its considered as move in condition. |
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Guest
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05 Jun 08 4:57 pm |
| Anonymous wrote: | I saw a unit somewhere in bedok res, 4A type, sometime last month.
the detail as follow :-
Low cash, fully renovated, park view, move in condition.....
below is what i see when i view the unit :
1) toilet door in master bedroom almost dropping
2) need to redo the whole kitchen as lots of tiles are coming off
3) can still managed to see part of the park.. about 30% of the window area
4) Owner asking 35K cash
5) need to repaint the whole house as the unit in painted in RED color... even in bedroom
6) the main door can be lock, so its considered as move in condition. |
The agent did not tell you last offer 20k ? What a surprise! |
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05 Jun 08 5:06 pm |
| Anonymous wrote: | I saw a unit somewhere in bedok res, 4A type, sometime last month.
the detail as follow :-
Low cash, fully renovated, park view, move in condition.....
below is what i see when i view the unit :
1) toilet door in master bedroom almost dropping
2) need to redo the whole kitchen as lots of tiles are coming off
3) can still managed to see part of the park.. about 30% of the window area
4) Owner asking 35K cash
5) need to repaint the whole house as the unit in painted in RED color... even in bedroom
6) the main door can be lock, so its considered as move in condition. |
If I am a buyer, at 35k cash , I would not even bother to view!
But I guess the agent is hoping you say 10k and then he will say wait a moment, talk to the owner a bit and say DEAL!
Beware of ending up a sucker. |
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06 Jun 08 10:19 am |
| Not just re-sale market lah...even the new one also nobody buy...The contractor who bought the en-bloc has delay their plan, rent it out instead. WHY? because everyone worry for food...people wants to keep their $ for rainy days. Once everything is OK, the property price will increase again...even in situation like now, it doesn't drop, what make you think that it's gonna drop next year?...20 yrs ago u can buy 4 room flat for 30K and look at now?? Can't even buy the toilet now... |
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06 Jun 08 10:25 am |
| Anonymous wrote: | | Anonymous wrote: | I saw a unit somewhere in bedok res, 4A type, sometime last month.
the detail as follow :-
Low cash, fully renovated, park view, move in condition.....
below is what i see when i view the unit :
1) toilet door in master bedroom almost dropping
2) need to redo the whole kitchen as lots of tiles are coming off
3) can still managed to see part of the park.. about 30% of the window area
4) Owner asking 35K cash
5) need to repaint the whole house as the unit in painted in RED color... even in bedroom
6) the main door can be lock, so its considered as move in condition. |
If I am a buyer, at 35k cash , I would not even bother to view!
But I guess the agent is hoping you say 10k and then he will say wait a moment, talk to the owner a bit and say DEAL!
Beware of ending up a sucker. |
before viewing... agent told me LOW CASH!!!  |
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06 Jun 08 2:50 pm |
| hahaha,,, they are the same, what i did now is ask how much first and if they reluctant to tell eg, view to offer, must see than can appreciate... wat ever, i just say = never mind, thank you. most will kan cheong and said a price and try to ask you to view. tactics, sigh, but we learn and be smarter ba, exchange view and if anyone out there face similar type of agents?? |
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06 Jun 08 3:55 pm |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | 0 cov is not going to happen again. everybody wants cash surely. even if a few K for resettling to new place. maybe arround 10K will be minimum. but by then valuation already creep up. so means back to square 1.
Low valuation + High cov = High valuation + Low cov = a no difference situation.
buy now or later makes not much difference. present singapore pop already raised to 4.5 million. still got another 2 million to go by the time all the new plans take effect (IR F1 YO etc etc) |
For me I don't mind High valuation + Low cov. The valuation part are loans from HDB that means that I would have more cash to do renovations. I've viewed many units with broken tiles, run down kitchen cabinets asking for $30k cov if need to redo have to fork out another $30k renovation. That is a total of $60k cash that I have to come out. Don't you find it crazy? |
AGREE! Buyers must unite and offer $0 COV. |
Support you , i only consider gg back to look for flat end of this year, pty mkt drop..... be united |
If the entire buying community is willing to unite and 'demand' $0 COV, sellers will have no choice but to lower their prices. It's akin to a union that demands higher pay, the pressure will force owners to take a conciliatory stance. |
yayaya.. when the entire buying community can unite and 'demand' $0 COV that time, then the entire sellers will also be unite and sell the house at VAL + 30k COV. hahaha.
in the end seller will still win, cos we got our OWN house to stay, no buyer we can keep for ourself to stay, but buyer can't. if they don't buy a unit then they will only able to stay with in-law or rent a 1.5k~2k per mth house. hahaha |
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06 Jun 08 4:42 pm |
for u ok lor, but there are those whom already commited another property (condo, many hv upgraded as told by agent when we view house right?. unless they cheat la) and needs to release the cpf for their next house. some staying there for long and need cash to tie them over their difficult period. ( i noe one unit whom selling 5 rm amk because they downgrade to 3 room) and extra cash from proceeds to pay their monthly overheads until husband find another job.. sob sob..
anyway i not buying until end of this year. remember this thread and re-surface it end of he year, i will share my good news of getting flats of lower valuation to you : ) |
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06 Jun 08 5:26 pm |
| so only this few case then will cost the VAL to go down??? I think those who want to sell the flat to make profit will be 20x more than those few case you're talking. |
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Guest
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06 Jun 08 5:29 pm |
| Anonymous wrote: | for u ok lor, but there are those whom already commited another property (condo, many hv upgraded as told by agent when we view house right?. unless they cheat la) and needs to release the cpf for their next house. some staying there for long and need cash to tie them over their difficult period. ( i noe one unit whom selling 5 rm amk because they downgrade to 3 room) and extra cash from proceeds to pay their monthly overheads until husband find another job.. sob sob..
anyway i not buying until end of this year. remember this thread and re-surface it end of he year, i will share my good news of getting flats of lower valuation to you : ) |
I'll be waiting for your good news when end of this year. But if at that time u still cant get any flat also never mind... we'll understand it...  |
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06 Jun 08 5:47 pm |
Already some ads are asking at value, market is cooling.
So buyers have some patience.
I will wait till end of year to decide.
Just don't listen to Agents desperately proping up the market painting a rosy picture. They are just hard up for sales.
Yes Buyers just unite and don't view COV units and let's see who can hold on longer, as economy is slow and govt say property has peaked.
Private property is dropping fast, developers even renting out the enbloc units, The pressure will affect HDB. |
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06 Jun 08 9:34 pm |
| Anonymous wrote: | Already some ads are asking at value, market is cooling.
So buyers have some patience.
I will wait till end of year to decide.
Just don't listen to Agents desperately proping up the market painting a rosy picture. They are just hard up for sales.
Yes Buyers just unite and don't view COV units and let's see who can hold on longer, as economy is slow and govt say property has peaked.
Private property is dropping fast, developers even renting out the enbloc units, The pressure will affect HDB. |
Latest knews----------Valuation up by 20k |
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