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Guest
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 31 May 08 4:08 pm |
| i staying with in laws.. end of yr pty price buy will save us at least 30 to 50k. imagine 6 months can save so much... worth the wait. i fully agreed the pty at valuation is also too damm high.. |
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31 May 08 9:00 pm |
Buyers, just be reminded that the HDB website transaction price lags by 2 months after purchase, so be patient to wait.
E.g presently the May prices is showing March purchases. |
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01 Jun 08 7:01 am |
just back fro the states, heard about the new in hdb estate.. trying to find the archive news where sing govt report the hdb price has peak, anyone can share the link or articles. thanks aplenty  |
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01 Jun 08 11:01 am |
| Anonymous wrote: | | just back fro the states, heard about the new in hdb estate.. trying to find the archive news where sing govt report the hdb price has peak, anyone can share the link or articles. thanks aplenty |
THE Singapore property market has peaked and prices can be expected to moderate in the next two years, the Government said yesterday.
Prices had surged in the past two years because of a supply-demand imbalance, said Mr Ravi Menon, the Second Permanent Secretary of the Ministry of Trade and Industry.
‘The market has been tight across various segments as supply was slow to respond when demand surged in the past couple of years,’ he said yesterday.
However, he felt that the market had already reached its peak.
‘There is supply coming online in the next few years that will offset some of the demand, and expectations are for moderation over the next one or two years.
‘This will provide some relief in terms of cost pressures, which is important when it comes to controlling inflation.’
Source : Straits Times - 24 May 2008 |
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01 Jun 08 12:40 pm |
| Thanks buddy |
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01 Jun 08 8:14 pm |
| wow.. market is really quiet these days. my previous agent is sending me msg for referal commission... it show that market is cooling or.. about to frezze..??? |
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01 Jun 08 9:06 pm |
| Nice try.. |
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02 Jun 08 12:30 am |
Anyway I will just wait a few months until there is 0covs or below.
At present valuation, I am not going in. |
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02 Jun 08 9:14 am |
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) |
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Guest
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02 Jun 08 9:51 am |
| 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) |
AGENT!!!!!!!!!!!!!!!!!!!!!! |
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Guest
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02 Jun 08 9:51 am |
| 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? |
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02 Jun 08 9:53 am |
| Anonymous wrote: | | HDB very unlikely..it is private over supplied not HHD. Both targeting different class of tenant too.Many Private TOP but no much HDB TOP leh....and 1st buyer are snapping up new HDB flat fast and in high price. They will be the batch who take new HDB flat from HDB and still losing money.... |
hey!!!duxton @ pinnacles the highest block in Tanjong pagar will be completed by next year!As what i know.the few blocks of HDB have more than 5000 units!so those people moving in there gotta sell away their current HDB flat!(by law) By that time we will see a over supply of HDB la!!!!  |
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Guest
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02 Jun 08 9:55 am |
| 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? |
And the area is Yishun, not even near to central. |
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Guest
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02 Jun 08 10:37 am |
| Anonymous wrote: | | Anonymous wrote: | | HDB very unlikely..it is private over supplied not HHD. Both targeting different class of tenant too.Many Private TOP but no much HDB TOP leh....and 1st buyer are snapping up new HDB flat fast and in high price. They will be the batch who take new HDB flat from HDB and still losing money.... |
hey!!!duxton @ pinnacles the highest block in Tanjong pagar will be completed by next year!As what i know.the few blocks of HDB have more than 5000 units!so those people moving in there gotta sell away their current HDB flat!(by law) By that time we will see a over supply of HDB la!!!! |
very true. these pple will panic and force sell at lower price. we just wait for awhile.. |
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Guest
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02 Jun 08 10:56 am |
| 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? |
yes its definitely crazy!
but just think about it this way. you know what is today and what was yesterday. the good of yesterday you cannot have. what is today you can have, if you choose to. what will be tomorrow can be better or it may be worse.
but what is certain about tomorrow is that valuation will be high (unless ther is another asian financial crisis looming up ahead). as for the cov though, is could be down or it could be up.
the question really is : are you willing to gamble on 30K to 50K ? |
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Guest
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02 Jun 08 11:01 am |
| 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? |
yes its definitely crazy!
but just think about it this way. you know what is today and what was yesterday. the good of yesterday you cannot have. what is today you can have, if you choose to. what will be tomorrow can be better or it may be worse.
but what is certain about tomorrow is that valuation will be high (unless ther is another asian financial crisis looming up ahead). as for the cov though, is could be down or it could be up.
the question really is : are you willing to gamble on 30K to 50K ? |
i think there is more likely to ask are u willing to SAVE 30 to 50k or more. =  from a buyer point of view |
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Guest
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02 Jun 08 11:17 am |
| 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? |
yes its definitely crazy!
but just think about it this way. you know what is today and what was yesterday. the good of yesterday you cannot have. what is today you can have, if you choose to. what will be tomorrow can be better or it may be worse.
but what is certain about tomorrow is that valuation will be high (unless ther is another asian financial crisis looming up ahead). as for the cov though, is could be down or it could be up.
the question really is : are you willing to gamble on 30K to 50K ? |
i think there is more likely to ask are u willing to SAVE 30 to 50k or more. = from a buyer point of view |
As a buyer I don't mind losing $50k in cpf rather that $30k in cash. That is my point of view. |
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Guest
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02 Jun 08 11:25 am |
| 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? |
And the area is Yishun, not even near to central. |
I dont think its crazy at all..The fact that you viewed the unit shows that you are serious abt it nomater where the location is.If you can negotiate lower than its good for you but for the good units and location you will probably loose out to other buyers if you dont follow up on the unit you like.You must understand some of this sellers are second owners,downgraders,moving near parent and so on.Think of the break even,next flat needs covs too,agent fees,5% if you take bank loans,moving cost etc...For those buyers buying for investment they can wai wai wait,those buying for ownstay definitely have to move fast n within budget ofcourse. |
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Guest
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02 Jun 08 1:44 pm |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | HDB very unlikely..it is private over supplied not HHD. Both targeting different class of tenant too.Many Private TOP but no much HDB TOP leh....and 1st buyer are snapping up new HDB flat fast and in high price. They will be the batch who take new HDB flat from HDB and still losing money.... |
hey!!!duxton @ pinnacles the highest block in Tanjong pagar will be completed by next year!As what i know.the few blocks of HDB have more than 5000 units!so those people moving in there gotta sell away their current HDB flat!(by law) By that time we will see a over supply of HDB la!!!! |
very true. these pple will panic and force sell at lower price. we just wait for awhile.. |
I think the majority of those ppl who applied for Duxton are probably first timers who are probably currently staying with parents/in-laws. Duxton was launched in May 2004 before the introduction of the new resale levy on/after 3rd March 2006. e.g. the old resale levy for Executive flat used to be 25% of the selling price. Hence a 2nd timer who intend to sell his EA for $500k must be prepared to pay $125k resale levy IN CASH. You think got many 2nd timer apply for Duxton or not?
http://www.hdb.gov.sg/fi10/fi10296p.nsf/PressReleases/94BA9033899D32BE48257126002AB555? |
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