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 14 Oct 08 3:41 pm |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | I think it's wrong to say that they are fool. If they have the $, then why not? It's their own money anyway...they can burn it as they wish also. Some of them maybe desperately needs a place to stay? Or maybe they seen something that you fail to see? can you guarantee the price will drop next year? even at this current difficult situation? OK, if you can..so what? like i said its their own money and they can spend whatever they like isn't it? maybe at the end of the day we are the one who is fool for not buying earlier if the price keep going up and will never recover? not everything up will be down...look at Hongkong and Japan. |
This is Singapore. Can compare meh?? |
The property price in Msia and Indonesia have been increasing alot as well these few years...
btw...maybe hongkonger got the same idea as you decades back. This is Hongkong. can compare to Japan meh?? |
hai hai...please read today straits time B7 and A25 for true picture of wat's happening in the current HDB market hor..
those who want to wait, pls do so at your own expense..
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Buyers......... I will still say the same thing, that is to OBSERVE. Acting due to impulse will bring you no good. The gentleman who quote
| Anonymous wrote: |
those who want to wait, pls do so at your own expense..
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I understand your hope for a resurgence of the prpperty market. But I think it will only be practical to observe now than to act. I am very sure the bigger HDB flat has somehow already being affected by the economic now. |
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14 Oct 08 5:01 pm |
| Anonymous wrote: | http://property.st701.com/articles/view/3871
you wanna to wait, pls continue, haha,  |
I think we are talking on the different track....... HDB ballot flats, Yes red hot! Why? Because its directly from HDB, applicant do not need to pay for the unneccessary fees such as Agent comm and COV. Its definitely cheaper in value as compare to resale market. And it is due to the sky high price in the resale now that the HDB ballot house are in hot demand.
Other than that, in this market situation now, people will adopt "Wait and see" mindset in the resale market which I suppose the agent depend greatly upon.
Don't mislead the crowd here with HDB Ballot Flats and Resale Flats in the market. Different category, different track.....
Yah you can laugh now........ We shall see if the price will increase like waht you say.. in the RESALE market  |
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14 Oct 08 5:03 pm |
| Anonymous wrote: | http://property.st701.com/articles/view/3871
you wanna to wait, pls continue, haha, |
Wake up your idea fool..... You don't compare ballot flats to resale flat. General knowledge leh. Are you an agent. If yes, you are a disgrace. |
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14 Oct 08 5:10 pm |
| Anonymous wrote: | | Anonymous wrote: | http://property.st701.com/articles/view/3871
you wanna to wait, pls continue, haha, |
Wake up your idea fool..... You don't compare ballot flats to resale flat. General knowledge leh. Are you an agent. If yes, you are a disgrace. |
Err...Im not that guy but to put thing straight. the new HDB price influenced by the re-sale price. There are pro and con for this. For new one, you gotta do at least 50K renovation and you can't choose which unit you want, while for re-sale...you got a 30K grant and another 10K if you buy near your parents..so total 40K grant and you are free to choose the location, floor level, etc...although it may be at least a 3 years old flat...before you shout at me..yes, the minimum time to sell is 5 years after you buy from HDB but you can appeal to HDB if you really need to sell after 3 years, with valid reason...
But overall, new HDB still cheaper than the re-sale. the only good thing of re-sale if you got the freedom to choose... |
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14 Oct 08 5:42 pm |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | http://property.st701.com/articles/view/3871
you wanna to wait, pls continue, haha, |
Wake up your idea fool..... You don't compare ballot flats to resale flat. General knowledge leh. Are you an agent. If yes, you are a disgrace. |
Err...Im not that guy but to put thing straight. the new HDB price influenced by the re-sale price. There are pro and con for this. For new one, you gotta do at least 50K renovation and you can't choose which unit you want, while for re-sale...you got a 30K grant and another 10K if you buy near your parents..so total 40K grant and you are free to choose the location, floor level, etc...although it may be at least a 3 years old flat...before you shout at me..yes, the minimum time to sell is 5 years after you buy from HDB but you can appeal to HDB if you really need to sell after 3 years, with valid reason...
But overall, new HDB still cheaper than the re-sale. the only good thing of re-sale if you got the freedom to choose... |
Freedom to choose?? As if the whole block got so many units to let you choose so can happily choose from #1 to #top like that....?? If the block I want to buy is next block to my parents' but low floor which I don't like how? Go knock at the high floor units ask them "alo aunti.. u want to sell your flat or not? My parents' staying next to this block oni.."
Renovation need 50K?? If you are cash rich like to have your house stylishly renovated ofcoz can go ahead but don't dare to spend so much also can go for simple renovations mah... for simle reno with half of 50K you can include some furniture some more!
And if have to spend this amount of cash say 30K-50K, most would want to spend on renovating own house to their own taste (new flat) rather than paying for other people's taste (resale) rite? |
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14 Oct 08 5:45 pm |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | http://property.st701.com/articles/view/3871
you wanna to wait, pls continue, haha, |
Wake up your idea fool..... You don't compare ballot flats to resale flat. General knowledge leh. Are you an agent. If yes, you are a disgrace. |
Err...Im not that guy but to put thing straight. the new HDB price influenced by the re-sale price. There are pro and con for this. For new one, you gotta do at least 50K renovation and you can't choose which unit you want, while for re-sale...you got a 30K grant and another 10K if you buy near your parents..so total 40K grant and you are free to choose the location, floor level, etc...although it may be at least a 3 years old flat...before you shout at me..yes, the minimum time to sell is 5 years after you buy from HDB but you can appeal to HDB if you really need to sell after 3 years, with valid reason...
But overall, new HDB still cheaper than the re-sale. the only good thing of re-sale if you got the freedom to choose... |
Freedom to choose?? As if the whole block got so many units to let you choose so can happily choose from #1 to #top like that....?? If the block I want to buy is next block to my parents' but low floor which I don't like how? Go knock at the high floor units ask them "alo aunti.. u want to sell your flat or not? My parents' staying next to this block oni.."
Renovation need 50K?? If you are cash rich like to have your house stylishly renovated ofcoz can go ahead but don't dare to spend so much also can go for simple renovations mah... for simle reno with half of 50K you can include some furniture some more!
And if have to spend this amount of cash say 30K-50K, most would want to spend on renovating own house to their own taste (new flat) rather than paying for other people's taste (resale) rite? |
It seems like you are very stress at the moment. Please cool yourself down and come back after your head is cool. it seems like you have never done any renovation before...please go and check out the price also before you come back and we can then start to have a banter here again... |
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14 Oct 08 5:54 pm |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | http://property.st701.com/articles/view/3871
you wanna to wait, pls continue, haha, |
Wake up your idea fool..... You don't compare ballot flats to resale flat. General knowledge leh. Are you an agent. If yes, you are a disgrace. |
Err...Im not that guy but to put thing straight. the new HDB price influenced by the re-sale price. There are pro and con for this. For new one, you gotta do at least 50K renovation and you can't choose which unit you want, while for re-sale...you got a 30K grant and another 10K if you buy near your parents..so total 40K grant and you are free to choose the location, floor level, etc...although it may be at least a 3 years old flat...before you shout at me..yes, the minimum time to sell is 5 years after you buy from HDB but you can appeal to HDB if you really need to sell after 3 years, with valid reason...
But overall, new HDB still cheaper than the re-sale. the only good thing of re-sale if you got the freedom to choose... |
Freedom to choose?? As if the whole block got so many units to let you choose so can happily choose from #1 to #top like that....?? If the block I want to buy is next block to my parents' but low floor which I don't like how? Go knock at the high floor units ask them "alo aunti.. u want to sell your flat or not? My parents' staying next to this block oni.."
Renovation need 50K?? If you are cash rich like to have your house stylishly renovated ofcoz can go ahead but don't dare to spend so much also can go for simple renovations mah... for simle reno with half of 50K you can include some furniture some more!
And if have to spend this amount of cash say 30K-50K, most would want to spend on renovating own house to their own taste (new flat) rather than paying for other people's taste (resale) rite? |
you won't buy if you do not like the house right? You only buy if the renovation suits your taste...you will have a bigger option to choose from re-sale flat...no doubt about that...and supervising those contractors is not an easy job. My friend did a renovation and whole family gotta stay in the hotel because he has sold his flat but the renovation at his new house was screw up by the contractors ended up have to tear everything down and re-do... |
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14 Oct 08 5:57 pm |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | http://property.st701.com/articles/view/3871
you wanna to wait, pls continue, haha, |
Wake up your idea fool..... You don't compare ballot flats to resale flat. General knowledge leh. Are you an agent. If yes, you are a disgrace. |
Err...Im not that guy but to put thing straight. the new HDB price influenced by the re-sale price. There are pro and con for this. For new one, you gotta do at least 50K renovation and you can't choose which unit you want, while for re-sale...you got a 30K grant and another 10K if you buy near your parents..so total 40K grant and you are free to choose the location, floor level, etc...although it may be at least a 3 years old flat...before you shout at me..yes, the minimum time to sell is 5 years after you buy from HDB but you can appeal to HDB if you really need to sell after 3 years, with valid reason...
But overall, new HDB still cheaper than the re-sale. the only good thing of re-sale if you got the freedom to choose... |
Freedom to choose?? As if the whole block got so many units to let you choose so can happily choose from #1 to #top like that....?? If the block I want to buy is next block to my parents' but low floor which I don't like how? Go knock at the high floor units ask them "alo aunti.. u want to sell your flat or not? My parents' staying next to this block oni.."
Renovation need 50K?? If you are cash rich like to have your house stylishly renovated ofcoz can go ahead but don't dare to spend so much also can go for simple renovations mah... for simle reno with half of 50K you can include some furniture some more!
And if have to spend this amount of cash say 30K-50K, most would want to spend on renovating own house to their own taste (new flat) rather than paying for other people's taste (resale) rite? |
I think he must be so stress looking up for a flat for the past 3 years...until now still don't have any shelter over his head...not lucky enough to get new HDB? |
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14 Oct 08 6:59 pm |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | http://property.st701.com/articles/view/3871
you wanna to wait, pls continue, haha, |
Wake up your idea fool..... You don't compare ballot flats to resale flat. General knowledge leh. Are you an agent. If yes, you are a disgrace. |
Err...Im not that guy but to put thing straight. the new HDB price influenced by the re-sale price. There are pro and con for this. For new one, you gotta do at least 50K renovation and you can't choose which unit you want, while for re-sale...you got a 30K grant and another 10K if you buy near your parents..so total 40K grant and you are free to choose the location, floor level, etc...although it may be at least a 3 years old flat...before you shout at me..yes, the minimum time to sell is 5 years after you buy from HDB but you can appeal to HDB if you really need to sell after 3 years, with valid reason...
But overall, new HDB still cheaper than the re-sale. the only good thing of re-sale if you got the freedom to choose... |
Freedom to choose?? As if the whole block got so many units to let you choose so can happily choose from #1 to #top like that....?? If the block I want to buy is next block to my parents' but low floor which I don't like how? Go knock at the high floor units ask them "alo aunti.. u want to sell your flat or not? My parents' staying next to this block oni.."
Renovation need 50K?? If you are cash rich like to have your house stylishly renovated ofcoz can go ahead but don't dare to spend so much also can go for simple renovations mah... for simle reno with half of 50K you can include some furniture some more!
And if have to spend this amount of cash say 30K-50K, most would want to spend on renovating own house to their own taste (new flat) rather than paying for other people's taste (resale) rite? |
It seems like you are very stress at the moment. Please cool yourself down and come back after your head is cool. it seems like you have never done any renovation before...please go and check out the price also before you come back and we can then start to have a banter here again... |
Pls don't post rubbish here, we are talking about facts. Go ahead and find out more about what I've said about reno is true or not than comment... I think yourself is more like never had any new flats or done renovation before, may be dont even have your own flat... |
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No2COV
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14 Oct 08 7:43 pm |
No doubt that you can choose till as what you've said "buy if the renovation suits your taste"...but when will that be? if price right, but reno don't suits you...or reno suits you price not right, how? 
Personnally been viewing quite a number of flats last month but stop as finds that the price is ridiculous for the resale...I will still prefer new flat as you have the choice to renovate to your taste and likings...plus all the grants are applicable if the new flats is near your parents right? but if you want to buy resale to stay near your parents for the grant, you don't have much "freedom" to choose...have to find those nearby..and also parents usually live at relatively older flats, maybe 20 - 30 years...lagi worst..therefore the choice for better flats are lower
what you had mention regarding your friend could happen if he is to buy a resale flat also. Think the problem lies with the contractor and his "luck"...it may be an isolated case, not to new flats in particular, so have to source for contractors carefully...can share which company? so can boycott..
for reno, had checked out in the market that unless minor reno, if not resale reno prices definitely will be more expensive than new flats as hacking and removal of the debris will be involve, when doing similar renovation that is...as one of the bro mention above, yah..no need 50k lah...25k or so for reno will be good enough to your taste and likings some more  ..unless you got extra $$ to do until very posh lor!
but..if take high loan, it will not be advisable...especially at a time like this...
take care all! esp your wallets now..
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | http://property.st701.com/articles/view/3871
you wanna to wait, pls continue, haha, |
Wake up your idea fool..... You don't compare ballot flats to resale flat. General knowledge leh. Are you an agent. If yes, you are a disgrace. |
Err...Im not that guy but to put thing straight. the new HDB price influenced by the re-sale price. There are pro and con for this. For new one, you gotta do at least 50K renovation and you can't choose which unit you want, while for re-sale...you got a 30K grant and another 10K if you buy near your parents..so total 40K grant and you are free to choose the location, floor level, etc...although it may be at least a 3 years old flat...before you shout at me..yes, the minimum time to sell is 5 years after you buy from HDB but you can appeal to HDB if you really need to sell after 3 years, with valid reason...
But overall, new HDB still cheaper than the re-sale. the only good thing of re-sale if you got the freedom to choose... |
Freedom to choose?? As if the whole block got so many units to let you choose so can happily choose from #1 to #top like that....?? If the block I want to buy is next block to my parents' but low floor which I don't like how? Go knock at the high floor units ask them "alo aunti.. u want to sell your flat or not? My parents' staying next to this block oni.."
Renovation need 50K?? If you are cash rich like to have your house stylishly renovated ofcoz can go ahead but don't dare to spend so much also can go for simple renovations mah... for simle reno with half of 50K you can include some furniture some more!
And if have to spend this amount of cash say 30K-50K, most would want to spend on renovating own house to their own taste (new flat) rather than paying for other people's taste (resale) rite? |
you won't buy if you do not like the house right? You only buy if the renovation suits your taste...you will have a bigger option to choose from re-sale flat...no doubt about that...and supervising those contractors is not an easy job. My friend did a renovation and whole family gotta stay in the hotel because he has sold his flat but the renovation at his new house was screw up by the contractors ended up have to tear everything down and re-do... |
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15 Oct 08 9:25 am |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | http://property.st701.com/articles/view/3871
you wanna to wait, pls continue, haha, |
Wake up your idea fool..... You don't compare ballot flats to resale flat. General knowledge leh. Are you an agent. If yes, you are a disgrace. |
Err...Im not that guy but to put thing straight. the new HDB price influenced by the re-sale price. There are pro and con for this. For new one, you gotta do at least 50K renovation and you can't choose which unit you want, while for re-sale...you got a 30K grant and another 10K if you buy near your parents..so total 40K grant and you are free to choose the location, floor level, etc...although it may be at least a 3 years old flat...before you shout at me..yes, the minimum time to sell is 5 years after you buy from HDB but you can appeal to HDB if you really need to sell after 3 years, with valid reason...
But overall, new HDB still cheaper than the re-sale. the only good thing of re-sale if you got the freedom to choose... |
Freedom to choose?? As if the whole block got so many units to let you choose so can happily choose from #1 to #top like that....?? If the block I want to buy is next block to my parents' but low floor which I don't like how? Go knock at the high floor units ask them "alo aunti.. u want to sell your flat or not? My parents' staying next to this block oni.."
Renovation need 50K?? If you are cash rich like to have your house stylishly renovated ofcoz can go ahead but don't dare to spend so much also can go for simple renovations mah... for simle reno with half of 50K you can include some furniture some more!
And if have to spend this amount of cash say 30K-50K, most would want to spend on renovating own house to their own taste (new flat) rather than paying for other people's taste (resale) rite? |
It seems like you are very stress at the moment. Please cool yourself down and come back after your head is cool. it seems like you have never done any renovation before...please go and check out the price also before you come back and we can then start to have a banter here again... |
Pls don't post rubbish here, we are talking about facts. Go ahead and find out more about what I've said about reno is true or not than comment... I think yourself is more like never had any new flats or done renovation before, may be dont even have your own flat... |
LOL...if you bought a new flat..will you spend 10K for renovation? Well, I will certainly not.. Maybe I can understand that you don't have the cash..that is why you come here and dying for the price to come down...I am sure you are the one who does not own a flat...
If you did, you must be one of those greedy sellers who sell at peak and thought of buying back now...and the more irony thing is..staying with parents!! hahaha So old liao still want to be a burden to parents!! haizz |
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15 Oct 08 9:45 am |
market already peaked to the same peak as last time just before the asian financial crisis in 97. and we are seeing now a global financial crisis in 08. deja vu? 2 years after the financial crisis, hdb transacted prices fell by 30% from the peak. this global financial crisis might lead to a slower and worse depression. Since the crisis is linked to the property sector, i wonder how far hdb will drop this time in 2 years time. Let's see  |
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15 Oct 08 10:22 am |
| No2COV wrote: | No doubt that you can choose till as what you've said "buy if the renovation suits your taste"...but when will that be? if price right, but reno don't suits you...or reno suits you price not right, how?
Personnally been viewing quite a number of flats last month but stop as finds that the price is ridiculous for the resale...I will still prefer new flat as you have the choice to renovate to your taste and likings...plus all the grants are applicable if the new flats is near your parents right? but if you want to buy resale to stay near your parents for the grant, you don't have much "freedom" to choose...have to find those nearby..and also parents usually live at relatively older flats, maybe 20 - 30 years...lagi worst..therefore the choice for better flats are lower
what you had mention regarding your friend could happen if he is to buy a resale flat also. Think the problem lies with the contractor and his "luck"...it may be an isolated case, not to new flats in particular, so have to source for contractors carefully...can share which company? so can boycott..
for reno, had checked out in the market that unless minor reno, if not resale reno prices definitely will be more expensive than new flats as hacking and removal of the debris will be involve, when doing similar renovation that is...as one of the bro mention above, yah..no need 50k lah...25k or so for reno will be good enough to your taste and likings some more ..unless you got extra $$ to do until very posh lor!
but..if take high loan, it will not be advisable...especially at a time like this...
take care all! esp your wallets now..
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | http://property.st701.com/articles/view/3871
you wanna to wait, pls continue, haha, |
Wake up your idea fool..... You don't compare ballot flats to resale flat. General knowledge leh. Are you an agent. If yes, you are a disgrace. |
Err...Im not that guy but to put thing straight. the new HDB price influenced by the re-sale price. There are pro and con for this. For new one, you gotta do at least 50K renovation and you can't choose which unit you want, while for re-sale...you got a 30K grant and another 10K if you buy near your parents..so total 40K grant and you are free to choose the location, floor level, etc...although it may be at least a 3 years old flat...before you shout at me..yes, the minimum time to sell is 5 years after you buy from HDB but you can appeal to HDB if you really need to sell after 3 years, with valid reason...
But overall, new HDB still cheaper than the re-sale. the only good thing of re-sale if you got the freedom to choose... |
Freedom to choose?? As if the whole block got so many units to let you choose so can happily choose from #1 to #top like that....?? If the block I want to buy is next block to my parents' but low floor which I don't like how? Go knock at the high floor units ask them "alo aunti.. u want to sell your flat or not? My parents' staying next to this block oni.."
Renovation need 50K?? If you are cash rich like to have your house stylishly renovated ofcoz can go ahead but don't dare to spend so much also can go for simple renovations mah... for simle reno with half of 50K you can include some furniture some more!
And if have to spend this amount of cash say 30K-50K, most would want to spend on renovating own house to their own taste (new flat) rather than paying for other people's taste (resale) rite? |
you won't buy if you do not like the house right? You only buy if the renovation suits your taste...you will have a bigger option to choose from re-sale flat...no doubt about that...and supervising those contractors is not an easy job. My friend did a renovation and whole family gotta stay in the hotel because he has sold his flat but the renovation at his new house was screw up by the contractors ended up have to tear everything down and re-do... |
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Rule of life: Do not be too choosy if you do not have the money...and since you are looking for new flat...it seems like you have alot of time and can wait... |
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15 Oct 08 10:23 am |
| Anonymous wrote: | | market already peaked to the same peak as last time just before the asian financial crisis in 97. and we are seeing now a global financial crisis in 08. deja vu? 2 years after the financial crisis, hdb transacted prices fell by 30% from the peak. this global financial crisis might lead to a slower and worse depression. Since the crisis is linked to the property sector, i wonder how far hdb will drop this time in 2 years time. Let's see |
anyway, you rent for 2 yrs also need about 50K rite ? (2k x 24) |
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15 Oct 08 10:29 am |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | http://property.st701.com/articles/view/3871
you wanna to wait, pls continue, haha, |
Wake up your idea fool..... You don't compare ballot flats to resale flat. General knowledge leh. Are you an agent. If yes, you are a disgrace. |
Err...Im not that guy but to put thing straight. the new HDB price influenced by the re-sale price. There are pro and con for this. For new one, you gotta do at least 50K renovation and you can't choose which unit you want, while for re-sale...you got a 30K grant and another 10K if you buy near your parents..so total 40K grant and you are free to choose the location, floor level, etc...although it may be at least a 3 years old flat...before you shout at me..yes, the minimum time to sell is 5 years after you buy from HDB but you can appeal to HDB if you really need to sell after 3 years, with valid reason...
But overall, new HDB still cheaper than the re-sale. the only good thing of re-sale if you got the freedom to choose... |
Freedom to choose?? As if the whole block got so many units to let you choose so can happily choose from #1 to #top like that....?? If the block I want to buy is next block to my parents' but low floor which I don't like how? Go knock at the high floor units ask them "alo aunti.. u want to sell your flat or not? My parents' staying next to this block oni.."
Renovation need 50K?? If you are cash rich like to have your house stylishly renovated ofcoz can go ahead but don't dare to spend so much also can go for simple renovations mah... for simle reno with half of 50K you can include some furniture some more!
And if have to spend this amount of cash say 30K-50K, most would want to spend on renovating own house to their own taste (new flat) rather than paying for other people's taste (resale) rite? |
It seems like you are very stress at the moment. Please cool yourself down and come back after your head is cool. it seems like you have never done any renovation before...please go and check out the price also before you come back and we can then start to have a banter here again... |
Pls don't post rubbish here, we are talking about facts. Go ahead and find out more about what I've said about reno is true or not than comment... I think yourself is more like never had any new flats or done renovation before, may be dont even have your own flat... |
LOL...if you bought a new flat..will you spend 10K for renovation? Well, I will certainly not.. Maybe I can understand that you don't have the cash..that is why you come here and dying for the price to come down...I am sure you are the one who does not own a flat...
If you did, you must be one of those greedy sellers who sell at peak and thought of buying back now...and the more irony thing is..staying with parents!! hahaha So old liao still want to be a burden to parents!! haizz |
don't understand why you reply the guy this when you do not seems to know that renovation of new flats will definitely cost you more than 10k..probably you are what you refering him as...
not only old liao still no knowledge...oh...are you one of the greedy agents? |
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15 Oct 08 10:30 am |
| Anonymous wrote: | | Anonymous wrote: | | market already peaked to the same peak as last time just before the asian financial crisis in 97. and we are seeing now a global financial crisis in 08. deja vu? 2 years after the financial crisis, hdb transacted prices fell by 30% from the peak. this global financial crisis might lead to a slower and worse depression. Since the crisis is linked to the property sector, i wonder how far hdb will drop this time in 2 years time. Let's see |
anyway, you rent for 2 yrs also need about 50K rite ? (2k x 24) |
rent for what? i got a nice home to stay in. can stay with my parents. you think the whole world need to rent ah? |
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15 Oct 08 10:31 am |
| Anonymous wrote: | | Anonymous wrote: | | market already peaked to the same peak as last time just before the asian financial crisis in 97. and we are seeing now a global financial crisis in 08. deja vu? 2 years after the financial crisis, hdb transacted prices fell by 30% from the peak. this global financial crisis might lead to a slower and worse depression. Since the crisis is linked to the property sector, i wonder how far hdb will drop this time in 2 years time. Let's see |
anyway, you rent for 2 yrs also need about 50K rite ? (2k x 24) |
I think those who badly need a place to stay no choice have to buy now...no doubt the price will drop because this property thing goes in cycle...for those who bought now..the price will certainly back to the price they bought or even higher...ok, don't talk about those 1996 who bought at ridiculous price...same of that guy who bought 800K for the queenstown flat...it will take him 30 years to fetch the same price he paid for. But for those who bought at reasonable price at 300K or 400K...they will get back what they paid for...this is my opinion...you are free to comment...but of course those who are able to wait then can wait...but the drop will not be significant... |
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15 Oct 08 10:32 am |
| Anonymous wrote: | | market already peaked to the same peak as last time just before the asian financial crisis in 97. and we are seeing now a global financial crisis in 08. deja vu? 2 years after the financial crisis, hdb transacted prices fell by 30% from the peak. this global financial crisis might lead to a slower and worse depression. Since the crisis is linked to the property sector, i wonder how far hdb will drop this time in 2 years time. Let's see |
yes, we all learned fr last crisis and emerge stronger. the supply and demand of HDB is managed much better now, as supply is match to demand via BTO.
HDB is not meant for investmnt purpose, 1 family can only allow to buy 1, you want more also not allowed. You sell where you gonna live. You sell low are u sure you can buy back cheap to cover the transaction cost? Downgrade 1 option, then all the smaller flats will boom.
HDB rental flat? didn't you read news that gov crack down of illegal sublet of rental flat? |
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