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 01 Oct 08 8:40 am |
| Anonymous wrote: | i think stock market is tied to the property market. I am wrong.
I think recession coming housing might be cheaper. I am wrong.
I think going in to buy now is the worst time. I am wrong. it just gets higher.
I think of waiting and get it at a reasonable price. I am wrong.
Resales market is still very much in the bull stage. At my work places. I seen many foreigners checking out classified sections. not sure it's rental or resales, as far as i know, it 's bad news to me,at least to me.
My view is that, recession or not, crisis or not,as long as jobs are not lost, don't expect housing to be cheap. |
U r absolutely right!!!!!!  |
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01 Oct 08 8:57 am |
I believe valuation will never go down....It will only stay or increase due to inflation of things;building materials(sand, metal...)
Just think...The chicken rice cost 5yrs ago and now....Will it come down?????
COV will only drop slightly. For those who think the valuation will drop....go on dreaming:lol: |
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01 Oct 08 10:58 am |
Number of Applications Received as at 30 September 2008
This e-Service allows you to find out the number of applications received
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Estate Flat Type No. of Flats Indicative
Price Range Number of
Applications Received
Ang Mo Kio Studio Apartment 128 $80,000 - $90,000 (35 sqm)
$104,000 - $115,000 (45 sqm) 369
Central
(The Pinnacle@Duxton) S1 Apartment 317 $457,000 - $555,000 1257
Central
(The Pinnacle@Duxton) S2 Apartment 111 $545,000 - $646,000 427
Jurong West 3-room 91 $142,000 - $160,000 141
Jurong West 4-room 164 $213,000 - $253,000 922
Jurong West 5-room 30 $270,000 - $306,000 379
Kallang/ Whampoa 4-room 39 $364,000 - $435,000 866
Kallang/ Whampoa 5-room 64 $480,000 - $554,000 246
Queenstown 5-room 48 $481,000 - $539,000 477
TOTAL UNITS: 992 APPLICANT: 5084
So tell me whether resale market valuation will drop or not! |
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01 Oct 08 11:09 am |
| Foreigners checking out classified sections becos they are jobless....looking for new jobs....hahahaha |
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01 Oct 08 11:40 am |
| Construction sector facing high turnover. Once the staff (whether is foreigners or S'porean) looking into classified... weeks later you can see the resignation letter on your desk! |
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01 Oct 08 11:58 am |
| Anonymous wrote: | I believe valuation will never go down....It will only stay or increase due to inflation of things;building materials(sand, metal...)
Just think...The chicken rice cost 5yrs ago and now....Will it come down?????
COV will only drop slightly. For those who think the valuation will drop....go on dreaming:lol: |
Yalah! If the cost of the chicken won't come down.. how can you expect to find a cheap plate of chicken rice!
So with the rising of cost of building material & land cost.. property will eventually go UP & not DOWN which has shown from the history that a HDB 5-rm cost less than $100k 30-yrs ago, now HDB is selling at $400k. |
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01 Oct 08 12:30 pm |
Hey FC,
Thanks for letting me know that the resale price trans is out.
I checked and yes the valuation is still pretty high. But for the areas I am eyeing, average prices fell a little month on month!!
Cheers! |
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01 Oct 08 12:33 pm |
| so bro .TO BUY or not? |
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01 Oct 08 12:38 pm |
My area valuation still going up! 3-year from now should be even better!  |
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01 Oct 08 12:41 pm |
| Anonymous wrote: | | so bro .TO BUY or not? |
If you like the unit very much. Just neg over the COV & try close the deal loh! Just an HDB, no need so headache lah! |
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01 Oct 08 1:38 pm |
| HDB price will drop drop drop....Private home price are deropping and .you tink they will match the same price as Private condo. Then you still wanna stay in HDB |
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01 Oct 08 7:12 pm |
| Anonymous wrote: | | HDB price will drop drop drop....Private home price are deropping and .you tink they will match the same price as Private condo. Then you still wanna stay in HDB |
30-yrs ago ppl been saying drop drop drop..
30-yrs later ppl also saying drop drop drop..
30-yrs ago HDB 5-rm sold at $100k
30-yrs later HDB 5-rm selling at $400k
So is UP UP UP or drop drop drop..  |
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01 Oct 08 7:39 pm |
Over longterm prices will definitely rise. They will even rise in places like US.
But for short term the prices face a lot of resitance. Just back from China and have seen property price drops in places like Shanghai have been astonishing. Took just one big developer to slash by 22% and suddenly all players started slashing like crazy. Some giving car free with apartment. China also got huge demand, but prices just out of range of buyers. Cant buy even if they want.
I remember 1.5 year back my clients in China all so bullish about property. Now all cutting losses.
Same might or might not happen in Singapore......but its naive to say that it will definitely not happen. |
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01 Oct 08 7:46 pm |
I think the same bunch of ppl are leaving messages.
Please give reliable facts and constructive suggestion. |
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01 Oct 08 8:17 pm |
Really I think current turmoil has not been affected on the HDB market & even up to most of the lower end private property market..
As long as transaction still active in the mass market.. I don't see any chance that falling in price.
But even if the price are to fall, I don't think this time round it will fall much as all cost of building material have risen, & these form a benchmark to support any fall from falling further.
Even our gov not gonna sell you new HDB at below cost! |
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fc
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01 Oct 08 10:08 pm |
| Anonymous wrote: |
30-yrs ago HDB 5-rm sold at $100k
30-yrs later HDB 5-rm selling at $400k
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By the time my son wants to buy, I suppose you will say that it will be about 900k to 1mil.
I'd better buy one unit for him now... at least he won't have to worry so much about how to manage buying one.
btw, where can you find a 5-rm at $400k? Which estate? |
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02 Oct 08 12:20 am |
Prices are insane now.
Buying at this price in current economic scenario will be as good as committing suicide.
One goes for such expensive stuff when one knows that the year end bonus will be fat, a promotion is due and a good salary hike is confirmed.
Right now its hard to say whether one will keep his job or not. Good luck to those who buy now. Make sure you say your prayers everynight after you buy. A big loan is like a noose around your neck. Keeps getting tighter. |
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02 Oct 08 9:35 am |
| fc wrote: | | Anonymous wrote: |
30-yrs ago HDB 5-rm sold at $100k
30-yrs later HDB 5-rm selling at $400k
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By the time my son wants to buy, I suppose you will say that it will be about 900k to 1mil.
I'd better buy one unit for him now... at least he won't have to worry so much about how to manage buying one.
btw, where can you find a 5-rm at $400k? Which estate? |
Punggol central 5 room easily cost you more than 400K, especially those near the MRT...and yes, we are going to see 1 million dollar HDB very soon...Pinnacle@Duxton sells at 645K...how much do you expect them to sell 5 years down the road? easily 800K!! |
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02 Oct 08 9:40 am |
| Anonymous wrote: | Prices are insane now.
Buying at this price in current economic scenario will be as good as committing suicide.
One goes for such expensive stuff when one knows that the year end bonus will be fat, a promotion is due and a good salary hike is confirmed.
Right now its hard to say whether one will keep his job or not. Good luck to those who buy now. Make sure you say your prayers everynight after you buy. A big loan is like a noose around your neck. Keeps getting tighter. |
Well...depends on whether the buyer is currently renting or staying with parents...for those who is renting and to live in there...they gotta buy now...no one knows the whether the price will keep rising or drop. Not everything up will be down...do you expect the transport fee to drop? inflation? food prices to drop? electricity? it may drop but the odd is very slim... |
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