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 03 Sep 08 8:01 pm |
i m not a seller or a buyer, but i find this thread interesting so want to contribute my views. the market is declining despite many seller and agent reluctant speak openly. seller maybe wisr to get rid of their property asap get some earning before it deplicts further. buyer also taking a risk as price they buy now may go down further...the economy is entering a U shape.
Companies will shut down forcing people to move out. Govt promise that is job is axed FT will go first. but this has implication on the rental, who is going to rent the house and with demand falling and over supply (just like private property now) the price will fall..
Global outlook is weak and big countries is getting the impact as we read the news everyday. US, EU, JAP, Sing, China also lowered their gdp forecast.
2008 and into 09 is no good year. |
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03 Sep 08 11:28 pm |
If you have a big CPF saving and confirmed source of income. sure go ahead and buy the flat of your choice.
But if you are taking a big loan to buy......donot risk entering now.
A few years of renting is actrually better than buying a house and then living on the edge thinking every month about the mortgage payment. For people who are renting, if market drops tomorrow, you can move to a lower rental flat which you can afford. But by buying you are commited to a certain monthlky payment for 30 years. Thats a very very long time.
You might buy in hurry but you will regret at leisure. |
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04 Sep 08 2:06 am |
| Waiting to buy low price... wait long long... Check the classified ads. There is hardly any 4A flats available in the market place. Everyone are buying... Stock level is low... Demand is high. Those who wants to wait for the price to drop... unlikely... maybe 2011. |
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Guest
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04 Sep 08 2:10 am |
| Construction cost continue to rise. Material such as sand, steel, etc is getting more and more expensive. Can someone explain that HDB price will come down soon ? |
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Guest
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04 Sep 08 2:25 am |
| To all writers out there on this resales market cooling down topic. Many of us are looking too micro on this subject. Is no longer Singaporean are buying HDB flats nowaday. So stop talking about CPF, market sentiment or what econmic changes... Look at WHAT Singapore will be in the coming future together with what our government is planning. Many foreigners are buying HDB flats such as from India, China and Malaysian PR are buying. Singapore government has a projection of 6million population in the coming years on our small tiny island. Can you imagine the increase of 2million people(Currently 4million) coming from where if Singapore birth rate continue to decline. And where do this 2million stay at ? They may rent but eventually some may buy. Can you imagine the SOME CAN BUY from the 2million additional population ??? The demand for HDB flat is huge. There is only one way for HDB price and is UP ! |
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Guest
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04 Sep 08 7:23 am |
| yawn.. another agent |
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Guest
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04 Sep 08 7:36 am |
| Anonymous wrote: | | To all writers out there on this resales market cooling down topic. Many of us are looking too micro on this subject. Is no longer Singaporean are buying HDB flats nowaday. So stop talking about CPF, market sentiment or what econmic changes... Look at WHAT Singapore will be in the coming future together with what our government is planning. Many foreigners are buying HDB flats such as from India, China and Malaysian PR are buying. Singapore government has a projection of 6million population in the coming years on our small tiny island. Can you imagine the increase of 2million people(Currently 4million) coming from where if Singapore birth rate continue to decline. And where do this 2million stay at ? They may rent but eventually some may buy. Can you imagine the SOME CAN BUY from the 2million additional population ??? The demand for HDB flat is huge. There is only one way for HDB price and is UP ! |
still dreaming  |
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Guest
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04 Sep 08 7:38 am |
| Anonymous wrote: | | Waiting to buy low price... wait long long... Check the classified ads. There is hardly any 4A flats available in the market place. Everyone are buying... Stock level is low... Demand is high. Those who wants to wait for the price to drop... unlikely... maybe 2011. |
dear desprate seller can u tell us why 2011? |
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Guest
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04 Sep 08 7:56 am |
| Why 2011 ??? Go and check the URA report |
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Guest
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04 Sep 08 8:06 am |
| Stop dreaming.......... Face the fact. Buyer always want the price to come down. But be realistic. Inflation, material cost, increase population etc. Resale price is not going to come down. Maybe you should consiider buying BTO since it's cheaper. Or wait till BTO price drop..... then resales price may follow. Otherwise resales market prices will not drop. Face the fact !!! Resales HDB flat will only get more expensive. |
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Guest
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04 Sep 08 9:04 am |
| Anonymous wrote: | | Stop dreaming.......... Face the fact. Buyer always want the price to come down. But be realistic. Inflation, material cost, increase population etc. Resale price is not going to come down. Maybe you should consiider buying BTO since it's cheaper. Or wait till BTO price drop..... then resales price may follow. Otherwise resales market prices will not drop. Face the fact !!! Resales HDB flat will only get more expensive. |
when condo prices come down to 400k to 500k, u think still got people queuing to buy 300k 3rm HDB resales?
currently, there are lots of condo asking < 600k with no taker still.
you go figure out yourself wat happen next. |
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Guest
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04 Sep 08 9:14 am |
| Anonymous wrote: | | Why 2011 ??? Go and check the URA report |
they say no such report.??? |
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Guest
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04 Sep 08 9:19 am |
| Anonymous wrote: | | Anonymous wrote: | | Stop dreaming.......... Face the fact. Buyer always want the price to come down. But be realistic. Inflation, material cost, increase population etc. Resale price is not going to come down. Maybe you should consiider buying BTO since it's cheaper. Or wait till BTO price drop..... then resales price may follow. Otherwise resales market prices will not drop. Face the fact !!! Resales HDB flat will only get more expensive. |
when condo prices come down to 400k to 500k, u think still got people queuing to buy 300k 3rm HDB resales?
currently, there are lots of condo asking < 600k with no taker still.
you go figure out yourself wat happen next. |
AGREED. i was telling my agent that amk 5room asking 620k valuation price. i rather get bullion pk or four season same price with pool, security facilities, tennis court, gym etc. 200 plus maintenace is worth.
brudder, u, i and many people knows that the seller are eager to sell their house at high price but no buyer willing to commit.. gone were the days where 30k cov is heard.. now, selling at valuation also people go view shiok shiok only. how to buy with so high valuation and not wise compare to if same price can buy condo : ) |
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Guest
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04 Sep 08 9:26 am |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Stop dreaming.......... Face the fact. Buyer always want the price to come down. But be realistic. Inflation, material cost, increase population etc. Resale price is not going to come down. Maybe you should consiider buying BTO since it's cheaper. Or wait till BTO price drop..... then resales price may follow. Otherwise resales market prices will not drop. Face the fact !!! Resales HDB flat will only get more expensive. |
when condo prices come down to 400k to 500k, u think still got people queuing to buy 300k 3rm HDB resales?
currently, there are lots of condo asking < 600k with no taker still.
you go figure out yourself wat happen next. |
AGREED. i was telling my agent that amk 5room asking 620k valuation price. i rather get bullion pk or four season same price with pool, security facilities, tennis court, gym etc. 200 plus maintenace is worth.
brudder, u, i and many people knows that the seller are eager to sell their house at high price but no buyer willing to commit.. gone were the days where 30k cov is heard.. now, selling at valuation also people go view shiok shiok only. how to buy with so high valuation and not wise compare to if same price can buy condo : ) |
Agreed with you also. hope HDB resale flat will drop as i am renting a room now...if keep to going up ,really loss in this games.. |
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Guest
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04 Sep 08 9:31 am |
| Anonymous wrote: | | Stop dreaming.......... Face the fact. Buyer always want the price to come down. But be realistic. Inflation, material cost, increase population etc. Resale price is not going to come down. Maybe you should consiider buying BTO since it's cheaper. Or wait till BTO price drop..... then resales price may follow. Otherwise resales market prices will not drop. Face the fact !!! Resales HDB flat will only get more expensive. |
desperate, right? "Face the fact!!!" We are in down trend. The question is how far and how long. Prepare yourself for the worst. |
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Guest
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04 Sep 08 9:40 am |
| Anonymous wrote: | | Construction cost continue to rise. Material such as sand, steel, etc is getting more and more expensive. Can someone explain that HDB price will come down soon ? |
construction cost contributes very little percentage to the final sales price. The impact can be ignored. But, it has been used to support some points quite often. Funny. |
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Guest
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04 Sep 08 9:42 am |
| Anonymous wrote: | | Stop dreaming.......... Face the fact. Buyer always want the price to come down. But be realistic. Inflation, material cost, increase population etc. Resale price is not going to come down. Maybe you should consiider buying BTO since it's cheaper. Or wait till BTO price drop..... then resales price may follow. Otherwise resales market prices will not drop. Face the fact !!! Resales HDB flat will only get more expensive. |
FYI, new HDB flat prices are pegged to resale flat valuation prices. Not construction costs.
Mr Mah Bow Tan had said the govt will always make sure that the new flats will be affordable. Definition of "affordable"? Mortgage repayment paid out per month is not more than some 30 per cent of the household income. Go figure.
And if you think more ppl in SG = higher resale prices, maybe you are the one dreaming. You think every person that come to SG to work wanna stay here? Inflation so high (due to high housing prices!) and prospects not certain. If any job cuts, first to go are the FTs. And the govt is already making plans to increase rental flats. |
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Guest
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04 Sep 08 10:57 am |
| Anonymous wrote: | | Anonymous wrote: | | Stop dreaming.......... Face the fact. Buyer always want the price to come down. But be realistic. Inflation, material cost, increase population etc. Resale price is not going to come down. Maybe you should consiider buying BTO since it's cheaper. Or wait till BTO price drop..... then resales price may follow. Otherwise resales market prices will not drop. Face the fact !!! Resales HDB flat will only get more expensive. |
FYI, new HDB flat prices are pegged to resale flat valuation prices. Not construction costs.
Mr Mah Bow Tan had said the govt will always make sure that the new flats will be affordable. Definition of "affordable"? Mortgage repayment paid out per month is not more than some 30 per cent of the household income. Go figure.
And if you think more ppl in SG = higher resale prices, maybe you are the one dreaming. You think every person that come to SG to work wanna stay here? Inflation so high (due to high housing prices!) and prospects not certain. If any job cuts, first to go are the FTs. And the govt is already making plans to increase rental flats. |
To be honest..the FT better buy rather than rent...if one day they decided to go back to their home country...they can sell it and get all their CPF back home. Instead of renting where all the $ goes to the landlord...agree? Even some FT who has become Singaporean...do you think they will stay forever in Singapore? They only use Singapore as a stepping stone...get the citizenship and get the HDB loan...when they hit their 50s, I don't think they will stay here for their retirements...for countries like Indonesia or India...it is not difficult to re-gain the citizenship. And some will go to Aussie or NZ or US... |
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Guest
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04 Sep 08 10:59 am |
| Anonymous wrote: | | Anonymous wrote: | | Construction cost continue to rise. Material such as sand, steel, etc is getting more and more expensive. Can someone explain that HDB price will come down soon ? |
construction cost contributes very little percentage to the final sales price. The impact can be ignored. But, it has been used to support some points quite often. Funny. |
agreed. i think there just want to grab any little news to fan and create a atmosphere that pty still as bull run as previous.
they can continue try selling at their dreaming price.... |
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