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 30 Jul 08 6:51 pm |
Prices of property will only rise in the long run, if Singapore continues to do well.
There may be short cycles of fall but overall, it is increasing. If food, transport, etc.. are rising in tandem with inflation, then there is no reason for land cost, labour and construction cost not to rise too. If it is expensive to build, I think it is only logical for property to be priced adequately to cover cost and risk undertaken by developers.
If you can afford it, go and get a landed property, otherwise, by a HDB. I think it is better than renting a unit over the long run. Of course, if you are very tight financially or you need the money for other uses, then probably renting is the only choice. |
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Guest
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30 Jul 08 7:30 pm |
i believe building raw material cost increases = new home more expensive
therefore old house more valuable....  |
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Guest
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30 Jul 08 11:06 pm |
[quote="Anonymous"]Prices of property will only rise in the long run, if Singapore continues to do well.
There may be short cycles of fall but overall, it is increasing. If food, transport, etc.. are rising in tandem with inflation, then there is no reason for land cost, labour and construction cost not to rise too. If it is expensive to build, I think it is only logical for property to be priced adequately to cover cost and risk undertaken by developers.
i believe building raw material cost increases = new home more expensive
therefore old house more valuable....
[quote]
That's very true and that's the fact. But I still dun understand y some ppl just cant understand this pt n die die want to say the price will not going up and will fall. |
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Guest
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01 Aug 08 12:53 am |
| Anonymous wrote: | Dun worry sure come down this quater 3Q as all other index show down down and weakness what so great n HDB resale index. I will sure down this 3Q relax and keep you money well
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quote="liza_s"] | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anyone here have sold their flats and waiting to buy another flat?pls raise your hands... |
I sold my flat now stay with parent,wait for price to fall. |
same here..I sold my flats, now staying with my parents..I want to sell high and buy low. |
Could anyone guarantee that I the prices of the resale market will be down soon, I thought of downgrading fm a 4 rm to a 3 rm flat. I meant to sell down and buy much,much later when the market has cooled down and to temporarily stay over at my parents'.
But hubby is against of my idea after looking at the recent resale transactions from the HDB website. He was shocked to see the prices of 3 rm flat could rise up to $200,000 in Bukit Batok. He said no one could guarantee that prices will go down.
Anyone? |
[/quote]
Prices will definitely go down , no so soon. Prepare to wait for a year or so. But it is worth it. Could be earlier than you expected too. |
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Guest
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01 Aug 08 8:53 am |
| I sold my flat, took my money and now am living in a landed property six times the size of the stinking pigeon I let go in sunny Brisbane |
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Guest
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01 Aug 08 2:05 pm |
| Anonymous wrote: | | I sold my flat, took my money and now am living in a landed property six times the size of the stinking pigeon I let go in sunny Brisbane |
You let go a stinking pigeon in sunny brisbane? |
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Guest
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02 Aug 08 9:17 pm |
| Anonymous wrote: | | Anonymous wrote: | | I sold my flat, took my money and now am living in a landed property six times the size of the stinking pigeon I let go in sunny Brisbane |
You let go a stinking pigeon in sunny brisbane? |
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Guest
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07 Aug 08 10:07 am |
| i just glanced thru the statistics for individual house sold in the HDB website and the prices still look high and good. the drop has not happened (it seems) - i am also looking to buy a resale HDB. |
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Guest
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07 Aug 08 1:17 pm |
| Anonymous wrote: | | Anonymous wrote: | Dun worry sure come down this quater 3Q as all other index show down down and weakness what so great n HDB resale index. I will sure down this 3Q relax and keep you money well
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quote="liza_s"] | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anyone here have sold their flats and waiting to buy another flat?pls raise your hands... |
I sold my flat now stay with parent,wait for price to fall. |
same here..I sold my flats, now staying with my parents..I want to sell high and buy low. |
Could anyone guarantee that I the prices of the resale market will be down soon, I thought of downgrading fm a 4 rm to a 3 rm flat. I meant to sell down and buy much,much later when the market has cooled down and to temporarily stay over at my parents'.
But hubby is against of my idea after looking at the recent resale transactions from the HDB website. He was shocked to see the prices of 3 rm flat could rise up to $200,000 in Bukit Batok. He said no one could guarantee that prices will go down.
Anyone? |
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Prices will definitely go down , no so soon. Prepare to wait for a year or so. But it is worth it. Could be earlier than you expected too.[/quote]
u must be staying with your parents then? for those who are renting...they pay 2K per month, it's 24K per year leh.. |
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07 Aug 08 2:54 pm |
Wow...the Share mkt is diving nose-down these few days even oil price go down....juz like the cycle 10yrs ago -after 1997 shares market burst, property mkt take 2 yrs to sink lowest ...
This time, I'm waiting for 1 yr to see the effect at least ...yer |
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07 Aug 08 3:06 pm |
| I viewed two units at Queenstown area and the sellers are asking for COV $60,000 which i find ridiculous. Both units are move-in condition with designer renovation and we buyers are paying for their renovation. But renovation depreciates with time and besides the renovation may not be what we want. Even with the renovation, we still need to do some touch up here and there so cash is involved. Is there anyone who is willing to pay for the COV? |
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Guest
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07 Aug 08 4:34 pm |
| Anonymous wrote: | | I viewed two units at Queenstown area and the sellers are asking for COV $60,000 which i find ridiculous. Both units are move-in condition with designer renovation and we buyers are paying for their renovation. But renovation depreciates with time and besides the renovation may not be what we want. Even with the renovation, we still need to do some touch up here and there so cash is involved. Is there anyone who is willing to pay for the COV? |
wahhh!!! you must be very loaded. queenstown , toa payoh , chinatown , bukit merah are for the rich. |
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Owner77
Joined: 14 Jun 2008
Posts: 30
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07 Aug 08 10:59 pm |
| Anonymous wrote: | | Anonymous wrote: | | I viewed two units at Queenstown area and the sellers are asking for COV $60,000 which i find ridiculous. Both units are move-in condition with designer renovation and we buyers are paying for their renovation. But renovation depreciates with time and besides the renovation may not be what we want. Even with the renovation, we still need to do some touch up here and there so cash is involved. Is there anyone who is willing to pay for the COV? |
wahhh!!! you must be very loaded. queenstown , toa payoh , chinatown , bukit merah are for the rich. |
come see my house la, bishan, quite near town also, 20k cov, but u must spend another 30-40k on reno, convert into your own dream designer house... not bad..can consider....got balcony, going for less than 400k.
www.sinming454.blogspot.com |
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Guest
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08 Aug 08 10:10 am |
now usa in recession...asia will affect?
if asia affected..then singapore will do well.?
no job/no $...renber ard 1998.?
i believe what goes around,will come around.
we see the hdb drop..
wait how long ,i really dont know.. |
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TAN CHIN SOON
Guest
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| RESALE |
08 Aug 08 3:59 pm |
| I FOUND THAT THE RESALE PRICE AND THE RENTAL AS WELL IS STABLE NOW. I'VE SEEN IN SINGAPORE POPERTY MARKET HISTORY, IF IT'S STABLE MEANS DEFINITELY IT'S GOING TO LOOSE IT'S STRENGTH. MEANS WE CAN EXPECT ATLEAST 10% - 12% FALL IN THE RESAL PRICE SOON. SINGAPORE PROPERTY MARKET IS TOO SMALL TO PREDICT IT'S MOVE EASILY. IT'S MY PAST EXPERIENCE. |
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08 Aug 08 4:06 pm |
Can i tell u smthng in june 08 my 3rm flat valuation was 212k and the new valuation yesterday came out. guess the price... is 199k VERY BAD MARKET
| Anonymous wrote: | Prices of property will only rise in the long run, if Singapore continues to do well.
There may be short cycles of fall but overall, it is increasing. If food, transport, etc.. are rising in tandem with inflation, then there is no reason for land cost, labour and construction cost not to rise too. If it is expensive to build, I think it is only logical for property to be priced adequately to cover cost and risk undertaken by developers.
If you can afford it, go and get a landed property, otherwise, by a HDB. I think it is better than renting a unit over the long run. Of course, if you are very tight financially or you need the money for other uses, then probably renting is the only choice. |
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Guest
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08 Aug 08 4:32 pm |
| are you sure which zone you staying |
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Guest
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09 Aug 08 10:15 am |
depends on location i sell mine SGD700,000 and i buy landed. PRs like high floor and catch some sea breeze  |
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Guest
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11 Aug 08 11:43 pm |
when all the pr exhausted,then price will drop?
how many PR can afford 30-50k cov? haven + funiture + some not reno? total how much u need to spend on a hdb?u tell me?
we singaporean also cant tahan liao,cov so high,tat's y ,at here kpkb.
when all the cash rich plp exhausted...think will be back to normal..
correct?
just my 2cents view. |
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