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Only fools will buy in today's market

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Only fools will buy in today's market

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Post15 Oct 08 1:45 pm
Anonymous wrote:
If need to buy, I prefer buying new than resale, which prices are ridiculously high. If no new flats, I will wait n see...feel valuation dropping soon...


yah agree but now the new one also ex leh...
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Post15 Oct 08 1:54 pm
Woah! Very nice entertainment lei.... thank you! thank you![/quote]


hahaha....Singaporean is a joke anyway...a good entertainment indeed for the day...lol now get back to work...[/quote]

Yes, better get back to work if not how to have $ to buy your own flat? Laughing Laughing[/quote]

Err...I got my own flat liao leh...are you referring to yourself? lol[/quote]

Hi fren, enough of your entertainment liao... I appreciate that... Laughing Laughing
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Guest






Post15 Oct 08 1:57 pm
Anonymous wrote:
Anonymous wrote:
If need to buy, I prefer buying new than resale, which prices are ridiculously high. If no new flats, I will wait n see...feel valuation dropping soon...


yah agree but now the new one also ex leh...


Yah agree new one also ex, but still abit lower than resale one... and even if no difference in price, would you rather buy a new flat or resale?
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Guest






Post15 Oct 08 2:02 pm
only fool buying flat now?
hmmm...if i got excess cash I would certainly:
1. buy gold
2. jump into stocks
3. get a property (although you may want to wait next year, not sure whether it will drop drastically, i am sure it will drop but not drastically)

I know cash is king but not at this time...inflation has been very high and our money value is decreasing everyday...but the recession has come in and bring everybody down to earth and it has in a way help to lower the inflation rate...so recession is not all that bad...
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Guest






Post15 Oct 08 2:07 pm
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
If need to buy, I prefer buying new than resale, which prices are ridiculously high. If no new flats, I will wait n see...feel valuation dropping soon...


yah agree but now the new one also ex leh...


Yah agree new one also ex, but still abit lower than resale one... and even if no difference in price, would you rather buy a new flat or resale?


if you compare new and re-sale of course eveybody will go for new lah but it depends on the urgency as well? the new flat supply is always lesser than demand (I think HDB had learned their lesson well)...dont know when i can get that...
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No2COV
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Post15 Oct 08 2:10 pm
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
If need to buy, I prefer buying new than resale, which prices are ridiculously high. If no new flats, I will wait n see...feel valuation dropping soon...


yah agree but now the new one also ex leh...


Yah agree new one also ex, but still abit lower than resale one... and even if no difference in price, would you rather buy a new flat or resale?


I suggest we close this thread....we should discuss something more constructive and not flaming each others here, be it fellow Singaporeans or some foreigners

apparantly some pple here just want to stir things up and keep himself entertain and want us to join his entertainment group...you should know who you are...esp if you reply my this thread Laughing

----------------------------
end
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Guest






Post15 Oct 08 2:10 pm
some one say in one thread as cov is dropped and units are selling less than valuation. and this thread say some thing like the price is too high. Actually what is the fact
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Guest






Post15 Oct 08 2:23 pm
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
If need to buy, I prefer buying new than resale, which prices are ridiculously high. If no new flats, I will wait n see...feel valuation dropping soon...


yah agree but now the new one also ex leh...


Yah agree new one also ex, but still abit lower than resale one... and even if no difference in price, would you rather buy a new flat or resale?


if you compare new and re-sale of course eveybody will go for new lah but it depends on the urgency as well? the new flat supply is always lesser than demand (I think HDB had learned their lesson well)...dont know when i can get that...


If can wait, wait for new flat, if can't wait then no choice still have to buy.
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Guest






Post15 Oct 08 2:38 pm
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
If need to buy, I prefer buying new than resale, which prices are ridiculously high. If no new flats, I will wait n see...feel valuation dropping soon...


yah agree but now the new one also ex leh...


Yah agree new one also ex, but still abit lower than resale one... and even if no difference in price, would you rather buy a new flat or resale?


if you compare new and re-sale of course eveybody will go for new lah but it depends on the urgency as well? the new flat supply is always lesser than demand (I think HDB had learned their lesson well)...dont know when i can get that...


If can wait, wait for new flat, if can't wait then no choice still have to buy.



Yeah...it's always better to wait for a new one...if you are able to. it is NEW after all...
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Guest






Post15 Oct 08 8:17 pm
everyday come here and tok cok or u suan me, i suan u,u all not tire 1 meh?
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Guest






Post15 Oct 08 8:21 pm
Only sane person buying today would be one who finds a very nice flat in an excellent location and plans to live there for a very long time.

For anyone else who has a short to medium term plan of staying in the flat and then selling/upgrading, this is a really bad time to enter market.

From past experience of my clients I know those who buy at peaks end up getting stuck with that flat. Even if they want, they are unable to move out because its hard to take a loss on the flat. So they compromise and stay there.

Smart buyers would know this.
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Guest






Post16 Oct 08 8:52 am
Anonymous wrote:
Only sane person buying today would be one who finds a very nice flat in an excellent location and plans to live there for a very long time.

For anyone else who has a short to medium term plan of staying in the flat and then selling/upgrading, this is a really bad time to enter market.

From past experience of my clients I know those who buy at peaks end up getting stuck with that flat. Even if they want, they are unable to move out because its hard to take a loss on the flat. So they compromise and stay there.

Smart buyers would know this.



Exactly...
Only sane person buying today would be one who finds a very nice flat in an excellent location and plans to live there for a very long time. <--- those who are not speculator, buy to stay...

For anyone else who has a short to medium term plan of staying in the flat and then selling/upgrading, this is a really bad time to enter market. <--- some speculators

From past experience of my clients I know those who buy at peaks end up getting stuck with that flat. Even if they want, they are unable to move out because its hard to take a loss on the flat. So they compromise and stay there. <-- those bad speculators...

Smart buyers would know this. <--- smart speculators
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Guest






Post16 Oct 08 9:56 am
Do you know who will have the last laugh? The more speculators, the merrier they'll be. Be it the price goes up or down, they still collect money from people for every sucessful transaction done.
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Guest






Post16 Oct 08 10:48 am
Anonymous wrote:
Do you know who will have the last laugh? The more speculators, the merrier they'll be. Be it the price goes up or down, they still collect money from people for every sucessful transaction done.



It does not need a rocket scientist to guess that you are referring to agents...lol
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Guest






Post16 Oct 08 11:27 am
Hi Friends,

I'm PR, got a 4A house at potong pasir val : $360k, COV: $10k. (left level)
Is it good time to buy?

I'm bit confused. your advice will help me.

thanks.
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Guest






Post16 Oct 08 12:03 pm
Anonymous wrote:
Hi Friends,

I'm PR, got a 4A house at potong pasir val : $360k, COV: $10k. (lift level)
Is it good time to buy?

I'm bit confused. your advice will help me.

thanks.
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Guest






Post16 Oct 08 12:53 pm
Anonymous wrote:
Hi Friends,

I'm PR, got a 4A house at potong pasir val : $360k, COV: $10k. (left level)
Is it good time to buy?

I'm bit confused. your advice will help me.

thanks.


Did you check the resale price for those area is how much on begin of this year?
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Guest






Post16 Oct 08 1:03 pm
Anonymous wrote:
Anonymous wrote:
Hi Friends,

I'm PR, got a 4A house at potong pasir val : $360k, COV: $10k. (left level)
Is it good time to buy?

I'm bit confused. your advice will help me.

thanks.


Did you check the resale price for those area is how much on begin of this year?



i checked, the Average price for 4A is $372 and COV is $20K.
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Guest






Post16 Oct 08 1:29 pm
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Hi Friends,

I'm PR, got a 4A house at potong pasir val : $360k, COV: $10k. (left level)
Is it good time to buy?

I'm bit confused. your advice will help me.

thanks.


Did you check the resale price for those area is how much on begin of this year?



i checked, the Average price for 4A is $372 and COV is $20K.


from which source?
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Guest






Post16 Oct 08 2:02 pm
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Hi Friends,

I'm PR, got a 4A house at potong pasir val : $360k, COV: $10k. (left level)
Is it good time to buy?

I'm bit confused. your advice will help me.

thanks.


Did you check the resale price for those area is how much on begin of this year?



i checked, the Average price for 4A is $372 and COV is $20K.


from which source?


i record down past 4 month - resale transactions price from hdb.gov.sg
and
http://www.hdb.gov.sg/fi10/fi10201p.nsf/WPDis/Buying%20A%20Resale%20FlatStatistics%20-%20Median%20Resale%20Prices%20by%20Town%20and%20Flat%20Type?OpenDocument
(my one is toy payoh district)
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