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 24 Sep 08 11:02 am |
| Anonymous wrote: | | No2COV wrote: | seriously, after reading some of the post here...it makes me wonder what some pple here (dunno agents or seller), main intention is???
economies is OBVIOUSLY not doing well....so what that some sellers want to sell high and some agents brag about price going to keep going up up and up?
here we have many buyers who DO NOT & CHOOSE NOT to pay for high COV...there is nothing wrong with that....so what is the problem here?
these pple (dunno agents or seller) keep saying price will keep going up up & up....my guess is that they are desperate to make a deal here HOPING there are pple willing to pay for high COV right? SELF DENIAL about the current economy situation and keep asking us buyers to wait long long for price to drop...yes we can wait long long long longl long....but can the sellers and the agent wait if buyers are not buying with high COV?
so what will be the outcome? make a guess....COV up or down? 
so can the agents or seller here be more realistic and don't come and bother the buyers here by posting more UNREALISTICS hope of yours?
thank you and hope everyone could brace yourself for the times to come!
Cheers!  |
yes, well said. now real situation at hdb resale is people is closing deal at valuation but still like mentioned few are living in lala land asking for cov. i said let them wait lor. there is unit that is selling at valuation. (all agents reading this i think u have a bigger pool of potential callers if you can advertise with realistic selling price at valuation. and i am quite sure if u can tell the seller the market situation, and sell at below valuation then many buyer will flood your phone) but there is a buyer community here and if u choose to give fake advertisement.... hmm. think words will spread and you will find harder to get clients. so lets all be fair and frank
cheers to buyer market and community
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Let them wait? Naive...seller will not lose out by waiting lah...only buyer will...they are in a win-win situation unless those sellers who owe bank or ah long money loh...they will definitely wont sell at cheap...
Put yourself in their shoe...when you got house in the future, you will also dont want to sell cheap. there are lots of factor in deciding whether to pay COV or not. If those at low floor, 30 mins from MRT, partly furnished asked for 30K COV...then u can forget about that...If those who is nicely renovated, opposite MRT, high floor asking for 30K COV...I don't think that is unreasonable to be honest... |
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24 Sep 08 11:13 am |
| Anonymous wrote: |
Let them wait? Naive...seller will not lose out by waiting lah...only buyer will...they are in a win-win situation unless those sellers who owe bank or ah long money loh...they will definitely wont sell at cheap...
Put yourself in their shoe...when you got house in the future, you will also dont want to sell cheap. there are lots of factor in deciding whether to pay COV or not. If those at low floor, 30 mins from MRT, partly furnished asked for 30K COV...then u can forget about that...If those who is nicely renovated, opposite MRT, high floor asking for 30K COV...I don't think that is unreasonable to be honest... |
I don't think we are looking for CHEAP. We are looking for REASONABLE.
Eg: Seller bought house at 200K but wants to sell at 370K (320K + 50K COV) now. If asked to sell at 300K, he still earns a profit of 100K because of the inflated valuation. Even if you take away the stamp duties and misc charges, he still pockets 50K at least.
So honestly, if a seller sells his house at valuation today, tell me he's not making money? |
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24 Sep 08 11:18 am |
To be honest, during peak time...there are lots of seller asking for high COV...those at low floor and in original condition also can ask for 30K COV...these are the kind of seller who make all sellers seems to be unrealistic...I think now most of them are still selling..no buyer.
Went to Sengkang to view a flat last time...the house like warzone, low floor somemore, yet want to sell at 20K above valuation. I told the agent ...Even if you offer me 20K below valuation..I also dont want, not to say above...
Sometimes buyer have to look at the flat, renovation and location itself rather than the COV. |
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24 Sep 08 11:22 am |
| Anonymous wrote: | | Anonymous wrote: |
Let them wait? Naive...seller will not lose out by waiting lah...only buyer will...they are in a win-win situation unless those sellers who owe bank or ah long money loh...they will definitely wont sell at cheap...
Put yourself in their shoe...when you got house in the future, you will also dont want to sell cheap. there are lots of factor in deciding whether to pay COV or not. If those at low floor, 30 mins from MRT, partly furnished asked for 30K COV...then u can forget about that...If those who is nicely renovated, opposite MRT, high floor asking for 30K COV...I don't think that is unreasonable to be honest... |
I don't think we are looking for CHEAP. We are looking for REASONABLE.
Eg: Seller bought house at 200K but wants to sell at 370K (320K + 50K COV) now. If asked to sell at 300K, he still earns a profit of 100K because of the inflated valuation. Even if you take away the stamp duties and misc charges, he still pockets 50K at least.
So honestly, if a seller sells his house at valuation today, tell me he's not making money? |
You certainly do not expect them to sell at the same price they bought, do you? Have you ever consider the inflation or market rate at the time of the sale or the amount of interest they have paid for the past 10 years?
The inflation plays an important factor here...the 200K 10 yrs ago is equivalent to 300K now... |
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No2COV
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24 Sep 08 11:23 am |
If the buyer has a place to stay and can wait, what's there to lose?
maybe 1 grp, which are sellers who sold their place at high COV (thinking of making a quick bucks ) and desparate of getting another got no time to wait...thus got to pay high cash which they got earlier...so end of the day, how many pple really earn in cash $ after paying off reno, new loan etc...what goes around, comes around...there may be a small grp who did earn, but how much? so, is it fair that sellers asking high COV from buyers in order to cover his next purchase? this called a win-win?
nobody saying sell cheap...the current valuation is not cheap at all! 
if the reason to upgrade or to sell the house is a NEED, not a WANT to make $...then selling at valuation is reasonable..anyway...HDB flat is always a HDB flat..you do not OWN the flat...y must pay so much to lease from HDB?
quote{ "those who is nicely renovated, opposite MRT, high floor asking for 30K COV...I don't think that is unreasonable to be honest..." } unquote..
so can you enlighten us..what is included in the valuation?
| Anonymous wrote: |
Let them wait? Naive...seller will not lose out by waiting lah...only buyer will...they are in a win-win situation unless those sellers who owe bank or ah long money loh...they will definitely wont sell at cheap...
Put yourself in their shoe...when you got house in the future, you will also dont want to sell cheap. there are lots of factor in deciding whether to pay COV or not. If those at low floor, 30 mins from MRT, partly furnished asked for 30K COV...then u can forget about that...If those who is nicely renovated, opposite MRT, high floor asking for 30K COV...I don't think that is unreasonable to be honest... |
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24 Sep 08 11:32 am |
| No2COV wrote: | If the buyer has a place to stay and can wait, what's there to lose?
maybe 1 grp, which are sellers who sold their place at high COV (thinking of making a quick bucks ) and desparate of getting another got no time to wait...thus got to pay high cash which they got earlier...so end of the day, how many pple really earn in cash $ after paying off reno, new loan etc...what goes around, comes around...there may be a small grp who did earn, but how much? so, is it fair that sellers asking high COV from buyers in order to cover his next purchase? this called a win-win?
nobody saying sell cheap...the current valuation is not cheap at all!
if the reason to upgrade or to sell the house is a NEED, not a WANT to make $...then selling at valuation is reasonable..anyway...HDB flat is always a HDB flat..you do not OWN the flat...y must pay so much to lease from HDB?
quote{ "those who is nicely renovated, opposite MRT, high floor asking for 30K COV...I don't think that is unreasonable to be honest..." } unquote..
so can you enlighten us..what is included in the valuation?
| Anonymous wrote: |
Let them wait? Naive...seller will not lose out by waiting lah...only buyer will...they are in a win-win situation unless those sellers who owe bank or ah long money loh...they will definitely wont sell at cheap...
Put yourself in their shoe...when you got house in the future, you will also dont want to sell cheap. there are lots of factor in deciding whether to pay COV or not. If those at low floor, 30 mins from MRT, partly furnished asked for 30K COV...then u can forget about that...If those who is nicely renovated, opposite MRT, high floor asking for 30K COV...I don't think that is unreasonable to be honest... |
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The renovation is not included in the COV. And the location and the floor level...expect a competition...you will never get this kind of flat at valuation...either in good or bad times. |
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24 Sep 08 11:35 am |
| Anonymous wrote: | | No2COV wrote: | If the buyer has a place to stay and can wait, what's there to lose?
maybe 1 grp, which are sellers who sold their place at high COV (thinking of making a quick bucks ) and desparate of getting another got no time to wait...thus got to pay high cash which they got earlier...so end of the day, how many pple really earn in cash $ after paying off reno, new loan etc...what goes around, comes around...there may be a small grp who did earn, but how much? so, is it fair that sellers asking high COV from buyers in order to cover his next purchase? this called a win-win?
nobody saying sell cheap...the current valuation is not cheap at all!
if the reason to upgrade or to sell the house is a NEED, not a WANT to make $...then selling at valuation is reasonable..anyway...HDB flat is always a HDB flat..you do not OWN the flat...y must pay so much to lease from HDB?
quote{ "those who is nicely renovated, opposite MRT, high floor asking for 30K COV...I don't think that is unreasonable to be honest..." } unquote..
so can you enlighten us..what is included in the valuation?
| Anonymous wrote: |
Let them wait? Naive...seller will not lose out by waiting lah...only buyer will...they are in a win-win situation unless those sellers who owe bank or ah long money loh...they will definitely wont sell at cheap...
Put yourself in their shoe...when you got house in the future, you will also dont want to sell cheap. there are lots of factor in deciding whether to pay COV or not. If those at low floor, 30 mins from MRT, partly furnished asked for 30K COV...then u can forget about that...If those who is nicely renovated, opposite MRT, high floor asking for 30K COV...I don't think that is unreasonable to be honest... |
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The renovation is not included in the COV. And the location and the floor level...expect a competition...you will never get this kind of flat at valuation...either in good or bad times. |
Correction: The renovation is not included in the valuation. |
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No2COV
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24 Sep 08 11:35 am |
hmm...you are not wrong in saying this, value of $ changed...but no need to pay for the "rent" you stayed for all these years?
so why must everyone thinking of making $ from HDB which is suppose to provide a cover over our heads..y so stress up on this? HDB flat belongs to HDB, we are just LESSEE
buy private if want make $ lor...if still can
| Anonymous wrote: |
You certainly do not expect them to sell at the same price they bought, do you? Have you ever consider the inflation or market rate at the time of the sale or the amount of interest they have paid for the past 10 years?
The inflation plays an important factor here...the 200K 10 yrs ago is equivalent to 300K now... |
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24 Sep 08 11:42 am |
| No2COV wrote: | hmm...you are not wrong in saying this, value of $ changed...but no need to pay for the "rent" you stayed for all these years?
so why must everyone thinking of making $ from HDB which is suppose to provide a cover over our heads..y so stress up on this? HDB flat belongs to HDB, we are just LESSEE
buy private if want make $ lor...if still can
| Anonymous wrote: |
You certainly do not expect them to sell at the same price they bought, do you? Have you ever consider the inflation or market rate at the time of the sale or the amount of interest they have paid for the past 10 years?
The inflation plays an important factor here...the 200K 10 yrs ago is equivalent to 300K now... |
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Nowadays, HDB is not for those poor people liao. It is more for middle class people. Sone of them also make it as an investment tools. I think the goverment should start to introduce HDBP (HDB for the poor). heehee newly wed couple will find it very difficult to afford an HDB now, not to say those private properties. |
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No2COV
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24 Sep 08 2:03 pm |
Even middle class like me cannot afford to lease from HDB due to some factors set by the HDB...hahaha...
HDB was saying that building cost went up, have to charge at "market price" for the flats, and HDB also get private developer to built HDB flats but charged at "Private Developers' Market Price", so is HDB flats subsidised?? 
hmm...what happened to the "Affordable Public Housing for All"??
| Anonymous wrote: |
Nowadays, HDB is not for those poor people liao. It is more for middle class people. Sone of them also make it as an investment tools. I think the goverment should start to introduce HDBP (HDB for the poor). heehee newly wed couple will find it very difficult to afford an HDB now, not to say those private properties. |
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24 Sep 08 2:12 pm |
| No2COV wrote: | Even middle class like me cannot afford to lease from HDB due to some factors set by the HDB...hahaha...
HDB was saying that building cost went up, have to charge at "market price" for the flats, and HDB also get private developer to built HDB flats but charged at "Private Developers' Market Price", so is HDB flats subsidised??
hmm...what happened to the "Affordable Public Housing for All"??
| Anonymous wrote: |
Nowadays, HDB is not for those poor people liao. It is more for middle class people. Sone of them also make it as an investment tools. I think the goverment should start to introduce HDBP (HDB for the poor). heehee newly wed couple will find it very difficult to afford an HDB now, not to say those private properties. |
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Anyone believes newpapers report that HDB loss close to $1 billion last year ? |
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24 Sep 08 2:15 pm |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: |
Let them wait? Naive...seller will not lose out by waiting lah...only buyer will...they are in a win-win situation unless those sellers who owe bank or ah long money loh...they will definitely wont sell at cheap...
Put yourself in their shoe...when you got house in the future, you will also dont want to sell cheap. there are lots of factor in deciding whether to pay COV or not. If those at low floor, 30 mins from MRT, partly furnished asked for 30K COV...then u can forget about that...If those who is nicely renovated, opposite MRT, high floor asking for 30K COV...I don't think that is unreasonable to be honest... |
I don't think we are looking for CHEAP. We are looking for REASONABLE.
Eg: Seller bought house at 200K but wants to sell at 370K (320K + 50K COV) now. If asked to sell at 300K, he still earns a profit of 100K because of the inflated valuation. Even if you take away the stamp duties and misc charges, he still pockets 50K at least.
So honestly, if a seller sells his house at valuation today, tell me he's not making money? |
You certainly do not expect them to sell at the same price they bought, do you? Have you ever consider the inflation or market rate at the time of the sale or the amount of interest they have paid for the past 10 years?
The inflation plays an important factor here...the 200K 10 yrs ago is equivalent to 300K now... |
then why the property was crash in 1998 then ?
base on your statement it should be increase all the way rite |
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24 Sep 08 2:25 pm |
| Anonymous wrote: | You certainly do not expect them to sell at the same price they bought, do you? Have you ever consider the inflation or market rate at the time of the sale or the amount of interest they have paid for the past 10 years?
The inflation plays an important factor here...the 200K 10 yrs ago is equivalent to 300K now... |
I am not denying the impact of inflation but I do wonder if its just an excuse since higher inflation is a result of higher housing costs.
And the high inflation eating into wage gains. In the last 2 years, I have seen my salary increase about 8 percent. But I have seen housing prices increase 50%. Explain that? |
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24 Sep 08 2:28 pm |
| Anonymous wrote: | You certainly do not expect them to sell at the same price they bought, do you? Have you ever consider the inflation or market rate at the time of the sale or the amount of interest they have paid for the past 10 years?
The inflation plays an important factor here...the 200K 10 yrs ago is equivalent to 300K now... |
And no, I dont expect them to sell at the same price they bought. But you will agree with me that there is a limit to a person's debt endurance but no end of another person's greed.
The two has to meet and maybe, that's why a recession maybe a good idea cos it levels the playing field? |
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24 Sep 08 2:28 pm |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: |
Let them wait? Naive...seller will not lose out by waiting lah...only buyer will...they are in a win-win situation unless those sellers who owe bank or ah long money loh...they will definitely wont sell at cheap...
Put yourself in their shoe...when you got house in the future, you will also dont want to sell cheap. there are lots of factor in deciding whether to pay COV or not. If those at low floor, 30 mins from MRT, partly furnished asked for 30K COV...then u can forget about that...If those who is nicely renovated, opposite MRT, high floor asking for 30K COV...I don't think that is unreasonable to be honest... |
I don't think we are looking for CHEAP. We are looking for REASONABLE.
Eg: Seller bought house at 200K but wants to sell at 370K (320K + 50K COV) now. If asked to sell at 300K, he still earns a profit of 100K because of the inflated valuation. Even if you take away the stamp duties and misc charges, he still pockets 50K at least.
So honestly, if a seller sells his house at valuation today, tell me he's not making money? |
You certainly do not expect them to sell at the same price they bought, do you? Have you ever consider the inflation or market rate at the time of the sale or the amount of interest they have paid for the past 10 years?
The inflation plays an important factor here...the 200K 10 yrs ago is equivalent to 300K now... |
then why the property was crash in 1998 then ?
base on your statement it should be increase all the way rite |
I can imagine what he would say, "history will not repeat the same mistake twice." haha. |
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No2COV
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24 Sep 08 2:35 pm |
well said all!
loss??? what loss??
how come got loss if the resale mkt is "so good"?
u still have the article? can share share? thks!
| Anonymous wrote: |
Anyone believes newpapers report that HDB loss close to $1 billion last year ? |
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24 Sep 08 2:53 pm |
| Anonymous wrote: |
I want to sell high and buy low. |
who doesn't? lol... but is it possible? |
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24 Sep 08 3:02 pm |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: |
Let them wait? Naive...seller will not lose out by waiting lah...only buyer will...they are in a win-win situation unless those sellers who owe bank or ah long money loh...they will definitely wont sell at cheap...
Put yourself in their shoe...when you got house in the future, you will also dont want to sell cheap. there are lots of factor in deciding whether to pay COV or not. If those at low floor, 30 mins from MRT, partly furnished asked for 30K COV...then u can forget about that...If those who is nicely renovated, opposite MRT, high floor asking for 30K COV...I don't think that is unreasonable to be honest... |
I don't think we are looking for CHEAP. We are looking for REASONABLE.
Eg: Seller bought house at 200K but wants to sell at 370K (320K + 50K COV) now. If asked to sell at 300K, he still earns a profit of 100K because of the inflated valuation. Even if you take away the stamp duties and misc charges, he still pockets 50K at least.
So honestly, if a seller sells his house at valuation today, tell me he's not making money? |
You certainly do not expect them to sell at the same price they bought, do you? Have you ever consider the inflation or market rate at the time of the sale or the amount of interest they have paid for the past 10 years?
The inflation plays an important factor here...the 200K 10 yrs ago is equivalent to 300K now... |
then why the property was crash in 1998 then ?
base on your statement it should be increase all the way rite |
Read properly first lah before comment...you suddenly side track leh...not related to the topic there... |
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24 Sep 08 3:04 pm |
| Anonymous wrote: | | Anonymous wrote: |
I want to sell high and buy low. |
who doesn't? lol... but is it possible? |
Yes, of course, as long as you keep ur patience, do ur homework and make decision by ur own judgement.
Same as in the stock market, there are peaks and bottoms. You cannot meet the exact point, but, you can make use of the trend. If the trend is not clear, sideline then. Do not against the trend. |
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