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Guest
on 10 May 08 9:22 am
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| harlolee wrote: | | Anonymous wrote: |
After couple of cycles & major recessions, yet a 5 rm at Bt Merah cost less than $200k initially.. now cost over $500k... |
where got? u buy direct from HDB lar...or wait till the 99 lease finish...see it still worth 500k? |
Got! in the early 80s when I stayed in Bt. Merah.. someone bought over a resale 5rm for $185k.. now this 5rm transacted at over $500k..
You think you got chance to stay till 99yrs hah.. later you kena enbloc you tell HDB you die die want to stay till 99yrs lah.. tell me HDB got f'hold one or not! |
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Guest
on 11 May 08 12:02 pm
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| Anonymous wrote: | | harlolee wrote: | | Anonymous wrote: |
After couple of cycles & major recessions, yet a 5 rm at Bt Merah cost less than $200k initially.. now cost over $500k... |
where got? u buy direct from HDB lar...or wait till the 99 lease finish...see it still worth 500k? |
Got! in the early 80s when I stayed in Bt. Merah.. someone bought over a resale 5rm for $185k.. now this 5rm transacted at over $500k..
You think you got chance to stay till 99yrs hah.. later you kena enbloc you tell HDB you die die want to stay till 99yrs lah.. tell me HDB got f'hold one or not! |
Really I think in a long run, buying still wise than go for rent...
Unless you tell me you only left 2 yrs to live in this world, then is different story.
If because of worry on jobless than go for rent, in case you are jobless & can't afford to pay rental, you think your landlord still allow you to stay in the house? |
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Guest
on 11 May 08 5:20 pm
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Buying is better than for rent in long term. However this is not the question. Question is.........should a fool buy a house in 2008?
Simple answer : NO
Buy in Jan 2009.
Waiting for few months will earn him lots of $$$$$$
Market correction is inevitable. Those asking for COV are not serious about selling. they are just testing the market as they cant say NO directly to adament agents.
| Anonymous wrote: | | Anonymous wrote: | | harlolee wrote: | | Anonymous wrote: |
After couple of cycles & major recessions, yet a 5 rm at Bt Merah cost less than $200k initially.. now cost over $500k... |
where got? u buy direct from HDB lar...or wait till the 99 lease finish...see it still worth 500k? |
Got! in the early 80s when I stayed in Bt. Merah.. someone bought over a resale 5rm for $185k.. now this 5rm transacted at over $500k..
You think you got chance to stay till 99yrs hah.. later you kena enbloc you tell HDB you die die want to stay till 99yrs lah.. tell me HDB got f'hold one or not! |
Really I think in a long run, buying still wise than go for rent...
Unless you tell me you only left 2 yrs to live in this world, then is different story.
If because of worry on jobless than go for rent, in case you are jobless & can't afford to pay rental, you think your landlord still allow you to stay in the house? |
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Guest
on 12 May 08 1:01 pm
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| Anonymous wrote: | Buying is better than for rent in long term. However this is not the question. Question is.........should a fool buy a house in 2008?
Simple answer : NO
Buy in Jan 2009.
Waiting for few months will earn him lots of $$$$$$
Market correction is inevitable. Those asking for COV are not serious about selling. they are just testing the market as they cant say NO directly to adament agents.
| Anonymous wrote: | | Anonymous wrote: | | harlolee wrote: | | Anonymous wrote: |
After couple of cycles & major recessions, yet a 5 rm at Bt Merah cost less than $200k initially.. now cost over $500k... |
where got? u buy direct from HDB lar...or wait till the 99 lease finish...see it still worth 500k? |
Got! in the early 80s when I stayed in Bt. Merah.. someone bought over a resale 5rm for $185k.. now this 5rm transacted at over $500k..
You think you got chance to stay till 99yrs hah.. later you kena enbloc you tell HDB you die die want to stay till 99yrs lah.. tell me HDB got f'hold one or not! |
Really I think in a long run, buying still wise than go for rent...
Unless you tell me you only left 2 yrs to live in this world, then is different story.
If because of worry on jobless than go for rent, in case you are jobless & can't afford to pay rental, you think your landlord still allow you to stay in the house? |
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Are you a fortune teller? Why buy in Jan 2009? What makes you think that property's price will be lower in 2009 than now? For those who rent, wait another year means another year of rental. If you rent 2K...another year is already 24K and you got nothing!! All the 24K goes to the landlord. Do you notice that the valuation keep increasing even now (May)? the COV is dropping but not the valuation. And the 1996 case will not repeat again unless tmrw got SARS...thats a different story. Buying property is an investment....whether you make it or break it but buying at this time of year is not with high risk nor with low risk. |
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Guest
on 12 May 08 1:50 pm
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| yawns..ppty agents agn.. |
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Guest
on 12 May 08 2:49 pm
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| Anonymous wrote: | [
Are you a fortune teller? Why buy in Jan 2009? What makes you think that property's price will be lower in 2009 than now? For those who rent, wait another year means another year of rental. If you rent 2K...another year is already 24K and you got nothing!! All the 24K goes to the landlord. Do you notice that the valuation keep increasing even now (May)? the COV is dropping but not the valuation. And the 1996 case will not repeat again unless tmrw got SARS...thats a different story. Buying property is an investment....whether you make it or break it but buying at this time of year is not with high risk nor with low risk. |
excuse me, are you an agent?
FYI SARS did not happen in 1996 |
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Guest
on 12 May 08 4:07 pm
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| Anonymous wrote: | | Anonymous wrote: | [
Are you a fortune teller? Why buy in Jan 2009? What makes you think that property's price will be lower in 2009 than now? For those who rent, wait another year means another year of rental. If you rent 2K...another year is already 24K and you got nothing!! All the 24K goes to the landlord. Do you notice that the valuation keep increasing even now (May)? the COV is dropping but not the valuation. And the 1996 case will not repeat again unless tmrw got SARS...thats a different story. Buying property is an investment....whether you make it or break it but buying at this time of year is not with high risk nor with low risk. |
excuse me, are you an agent?
FYI SARS did not happen in 1996 |
You read carefully what I wrote there lah...i refer to 1996 of property crash...won't happen again unless there is another SARS. Jezz...and I'm not a property agent. I was stating the fact there!! If you want to wait, then wait loh...no one will stop u wat...u can have ur opinion and i can have mine too...U'll never know what will happen tmrw, not to say next year. If u want to wait til next year...entirely up to you...the 2 casinos is gonna be ready soon...you think of it...dun wanna say much to you or else you'll probably say I'm those bloody agents again.  |
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Guest
on 12 May 08 4:28 pm
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| Anonymous wrote: | [
You read carefully what I wrote there lah...i refer to 1996 of property crash...won't happen again unless there is another SARS. Jezz...and I'm not a property agent. I was stating the fact there!! If you want to wait, then wait loh...no one will stop u wat...u can have ur opinion and i can have mine too...U'll never know what will happen tmrw, not to say next year. If u want to wait til next year...entirely up to you...the 2 casinos is gonna be ready soon...you think of it...dun wanna say much to you or else you'll probably say I'm those bloody agents again. |
The property crash happened in 1996 due to the speculation of property & the currency crisis. SARS happened much later and it simply prolonged the recession.
The situation now is similar to the pre-asian financial crisis cos of the impending worldwide recession and credit squeeze. A lot of things can trigger a ppty mkt crash in SG.
1. US Recession
2. Spiraling inflation and agriflation
3. SARS/ other epidemic
4. terrorist attack (train bomb etc)
The IR will not be a silver bullet to SG.. Las Vegas has recently reported to be making less money, and it is not because of the customers flying over to asia to gamble. But the main reason is because people are now spending less on entertainment. Hotels in SG are already getting worried that they can;t fill the rooms during F1.
Warning signs are there:
1. Minister for MD warned people not to buy houses if they think the prices are too high (the obvious answer is because he thinks the price will fall in future)
2. Tony Tan warned of the recession being deeper than believed. (Why would GIC head give such negative report which does nothing to help the already depressed mkt?)
3. PM Lee has repeatedly warned of possible turbulent times ahead, but assured the SG can weather the storm. (If the storm is not likely, why bother to reassure the ppl and make ppl worried?)
BTW, i am not trying to change your opinion. I am just stating mine. |
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Guest
on 12 May 08 5:00 pm
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Well said !
Wise advise indeed.
With Casino......there will be more bankrupcies and some great bargains.
No one wins in casino for long.
Also who want 2K rent home. If I have to rent only for 6 months, i would go for cheaper alternatives...........available plenty now.
| Anonymous wrote: | | Anonymous wrote: | [
You read carefully what I wrote there lah...i refer to 1996 of property crash...won't happen again unless there is another SARS. Jezz...and I'm not a property agent. I was stating the fact there!! If you want to wait, then wait loh...no one will stop u wat...u can have ur opinion and i can have mine too...U'll never know what will happen tmrw, not to say next year. If u want to wait til next year...entirely up to you...the 2 casinos is gonna be ready soon...you think of it...dun wanna say much to you or else you'll probably say I'm those bloody agents again. |
The property crash happened in 1996 due to the speculation of property & the currency crisis. SARS happened much later and it simply prolonged the recession.
The situation now is similar to the pre-asian financial crisis cos of the impending worldwide recession and credit squeeze. A lot of things can trigger a ppty mkt crash in SG.
1. US Recession
2. Spiraling inflation and agriflation
3. SARS/ other epidemic
4. terrorist attack (train bomb etc)
The IR will not be a silver bullet to SG.. Las Vegas has recently reported to be making less money, and it is not because of the customers flying over to asia to gamble. But the main reason is because people are now spending less on entertainment. Hotels in SG are already getting worried that they can;t fill the rooms during F1.
Warning signs are there:
1. Minister for MD warned people not to buy houses if they think the prices are too high (the obvious answer is because he thinks the price will fall in future)
2. Tony Tan warned of the recession being deeper than believed. (Why would GIC head give such negative report which does nothing to help the already depressed mkt?)
3. PM Lee has repeatedly warned of possible turbulent times ahead, but assured the SG can weather the storm. (If the storm is not likely, why bother to reassure the ppl and make ppl worried?)
BTW, i am not trying to change your opinion. I am just stating mine. |
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Guest
on 12 May 08 8:20 pm
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| Anonymous wrote: | | Anonymous wrote: | [
You read carefully what I wrote there lah...i refer to 1996 of property crash...won't happen again unless there is another SARS. Jezz...and I'm not a property agent. I was stating the fact there!! If you want to wait, then wait loh...no one will stop u wat...u can have ur opinion and i can have mine too...U'll never know what will happen tmrw, not to say next year. If u want to wait til next year...entirely up to you...the 2 casinos is gonna be ready soon...you think of it...dun wanna say much to you or else you'll probably say I'm those bloody agents again. |
The property crash happened in 1996 due to the speculation of property & the currency crisis. SARS happened much later and it simply prolonged the recession.
The situation now is similar to the pre-asian financial crisis cos of the impending worldwide recession and credit squeeze. A lot of things can trigger a ppty mkt crash in SG.
1. US Recession
2. Spiraling inflation and agriflation
3. SARS/ other epidemic
4. terrorist attack (train bomb etc)
The IR will not be a silver bullet to SG.. Las Vegas has recently reported to be making less money, and it is not because of the customers flying over to asia to gamble. But the main reason is because people are now spending less on entertainment. Hotels in SG are already getting worried that they can;t fill the rooms during F1.
Warning signs are there:
1. Minister for MD warned people not to buy houses if they think the prices are too high (the obvious answer is because he thinks the price will fall in future)
2. Tony Tan warned of the recession being deeper than believed. (Why would GIC head give such negative report which does nothing to help the already depressed mkt?)
3. PM Lee has repeatedly warned of possible turbulent times ahead, but assured the SG can weather the storm. (If the storm is not likely, why bother to reassure the ppl and make ppl worried?)
BTW, i am not trying to change your opinion. I am just stating mine. |
Respect your opinion there. I might be wrong...but i got confident that 1996 will not happen again this time...well, at least not as bad. Now Singapore not too depending on US economy liao...good that we have learnt our mistake! Although inflation is high but at least the garment have done something i.e. to float SGD..notice that SGD has gone stronger? It's good for importer, means we buy cheaper. can't really tell when the SARS or new epidemic gonna strike again though...
As for warning sign, can't really trust what Tony Tan or those people said. They (GIC) have lost billions in investment, in 1 day!!! And they said that it's for long term investment!! What a bull. If that's the case, why not buy 1 day later??
I still think that it is a good time to buy now though. If you buy to stay in there, it's a good time to buy. (I said now, not 3 mths back). If you think of investment, then its not. You think if the property crash, you got a chance to buy? You most probably will worry whether or not you gonna lost your job. At that time, you dun have a house and job...if u can't pay the rent, the landlord gotta kick you out. And you compare the current rental price and the amount of HDB loan you gotta pay, alot of difference.
But who is right or wrong, only time will tell. |
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Guest
on 12 May 08 10:30 pm
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| Anonymous wrote: | | Anonymous wrote: | [
You read carefully what I wrote there lah...i refer to 1996 of property crash...won't happen again unless there is another SARS. Jezz...and I'm not a property agent. I was stating the fact there!! If you want to wait, then wait loh...no one will stop u wat...u can have ur opinion and i can have mine too...U'll never know what will happen tmrw, not to say next year. If u want to wait til next year...entirely up to you...the 2 casinos is gonna be ready soon...you think of it...dun wanna say much to you or else you'll probably say I'm those bloody agents again. |
The property crash happened in 1996 due to the speculation of property & the currency crisis. SARS happened much later and it simply prolonged the recession.
The situation now is similar to the pre-asian financial crisis cos of the impending worldwide recession and credit squeeze. A lot of things can trigger a ppty mkt crash in SG.
1. US Recession
2. Spiraling inflation and agriflation
3. SARS/ other epidemic
4. terrorist attack (train bomb etc)
The IR will not be a silver bullet to SG.. Las Vegas has recently reported to be making less money, and it is not because of the customers flying over to asia to gamble. But the main reason is because people are now spending less on entertainment. Hotels in SG are already getting worried that they can;t fill the rooms during F1.
Warning signs are there:
1. Minister for MD warned people not to buy houses if they think the prices are too high (the obvious answer is because he thinks the price will fall in future)
2. Tony Tan warned of the recession being deeper than believed. (Why would GIC head give such negative report which does nothing to help the already depressed mkt?)
3. PM Lee has repeatedly warned of possible turbulent times ahead, but assured the SG can weather the storm. (If the storm is not likely, why bother to reassure the ppl and make ppl worried?)
BTW, i am not trying to change your opinion. I am just stating mine. |
With all these mentioned above, I think you don't own a house right?
Cos you'll be worry for all these till the day you leave this world right!!  |
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Guest
on 13 May 08 9:49 am
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| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | [
You read carefully what I wrote there lah...i refer to 1996 of property crash...won't happen again unless there is another SARS. Jezz...and I'm not a property agent. I was stating the fact there!! If you want to wait, then wait loh...no one will stop u wat...u can have ur opinion and i can have mine too...U'll never know what will happen tmrw, not to say next year. If u want to wait til next year...entirely up to you...the 2 casinos is gonna be ready soon...you think of it...dun wanna say much to you or else you'll probably say I'm those bloody agents again. |
The property crash happened in 1996 due to the speculation of property & the currency crisis. SARS happened much later and it simply prolonged the recession.
The situation now is similar to the pre-asian financial crisis cos of the impending worldwide recession and credit squeeze. A lot of things can trigger a ppty mkt crash in SG.
1. US Recession
2. Spiraling inflation and agriflation
3. SARS/ other epidemic
4. terrorist attack (train bomb etc)
The IR will not be a silver bullet to SG.. Las Vegas has recently reported to be making less money, and it is not because of the customers flying over to asia to gamble. But the main reason is because people are now spending less on entertainment. Hotels in SG are already getting worried that they can;t fill the rooms during F1.
Warning signs are there:
1. Minister for MD warned people not to buy houses if they think the prices are too high (the obvious answer is because he thinks the price will fall in future)
2. Tony Tan warned of the recession being deeper than believed. (Why would GIC head give such negative report which does nothing to help the already depressed mkt?)
3. PM Lee has repeatedly warned of possible turbulent times ahead, but assured the SG can weather the storm. (If the storm is not likely, why bother to reassure the ppl and make ppl worried?)
BTW, i am not trying to change your opinion. I am just stating mine. |
With all these mentioned above, I think you don't own a house right?
Cos you'll be worry for all these till the day you leave this world right!! |
I own a house but I'm not worried cos I have bought mine a few yrs back.
So if you don;t want to worry too much like me, then just buy your house later when you think the price is not at the peak anymore.
don;t be a sucker |
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Guest
on 13 May 08 12:56 pm
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| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | [
You read carefully what I wrote there lah...i refer to 1996 of property crash...won't happen again unless there is another SARS. Jezz...and I'm not a property agent. I was stating the fact there!! If you want to wait, then wait loh...no one will stop u wat...u can have ur opinion and i can have mine too...U'll never know what will happen tmrw, not to say next year. If u want to wait til next year...entirely up to you...the 2 casinos is gonna be ready soon...you think of it...dun wanna say much to you or else you'll probably say I'm those bloody agents again. |
The property crash happened in 1996 due to the speculation of property & the currency crisis. SARS happened much later and it simply prolonged the recession.
The situation now is similar to the pre-asian financial crisis cos of the impending worldwide recession and credit squeeze. A lot of things can trigger a ppty mkt crash in SG.
1. US Recession
2. Spiraling inflation and agriflation
3. SARS/ other epidemic
4. terrorist attack (train bomb etc)
The IR will not be a silver bullet to SG.. Las Vegas has recently reported to be making less money, and it is not because of the customers flying over to asia to gamble. But the main reason is because people are now spending less on entertainment. Hotels in SG are already getting worried that they can;t fill the rooms during F1.
Warning signs are there:
1. Minister for MD warned people not to buy houses if they think the prices are too high (the obvious answer is because he thinks the price will fall in future)
2. Tony Tan warned of the recession being deeper than believed. (Why would GIC head give such negative report which does nothing to help the already depressed mkt?)
3. PM Lee has repeatedly warned of possible turbulent times ahead, but assured the SG can weather the storm. (If the storm is not likely, why bother to reassure the ppl and make ppl worried?)
BTW, i am not trying to change your opinion. I am just stating mine. |
With all these mentioned above, I think you don't own a house right?
Cos you'll be worry for all these till the day you leave this world right!! |
I own a house but I'm not worried cos I have bought mine a few yrs back.
So if you don;t want to worry too much like me, then just buy your house later when you think the price is not at the peak anymore.
don;t be a sucker |
How can a house owner tells buyers to hold and buy when the price is not at the peak? You definitely a buyer looking for a house now. If you are a house owner, don't you wish your house to be increase in value? and get high COV? Don't be a hyprocrite man...
Or maybe you have sold your house at high peak with high COV and stay with your parents the moment and wish the property to crash so you can buy with low price... |
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Guest
on 13 May 08 3:50 pm
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| Anonymous wrote: | [
How can a house owner tells buyers to hold and buy when the price is not at the peak? You definitely a buyer looking for a house now. If you are a house owner, don't you wish your house to be increase in value? and get high COV? Don't be a hyprocrite man...
Or maybe you have sold your house at high peak with high COV and stay with your parents the moment and wish the property to crash so you can buy with low price... |
i'm just an owner who have bought a flat that i liked and i am not intending to sell it anytime soon until the private market falls further.
it's ok if i can;t sell my HDB for a high price cos i rather pay 10% lower for the private hse and sell my HDB at 10% lower... in any case, HDB lags behind the private mkt so i may well buy in the private mkt at the bottom the cycle and still sell for a relatively good price for my HDB in the same period. |
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Guest
on 13 May 08 4:46 pm
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| Quote: |
The property crash happened in 1996 due to the speculation of property & the currency crisis. SARS happened much later and it simply prolonged the recession.
The situation now is similar to the pre-asian financial crisis cos of the impending worldwide recession and credit squeeze. A lot of things can trigger a ppty mkt crash in SG.
1. US Recession
2. Spiraling inflation and agriflation
3. SARS/ other epidemic
4. terrorist attack (train bomb etc)
The IR will not be a silver bullet to SG.. Las Vegas has recently reported to be making less money, and it is not because of the customers flying over to asia to gamble. But the main reason is because people are now spending less on entertainment. Hotels in SG are already getting worried that they can;t fill the rooms during F1.
Warning signs are there:
1. Minister for MD warned people not to buy houses if they think the prices are too high (the obvious answer is because he thinks the price will fall in future)
2. Tony Tan warned of the recession being deeper than believed. (Why would GIC head give such negative report which does nothing to help the already depressed mkt?)
3. PM Lee has repeatedly warned of possible turbulent times ahead, but assured the SG can weather the storm. (If the storm is not likely, why bother to reassure the ppl and make ppl worried?)
BTW, i am not trying to change your opinion. I am just stating mine. |
[/quote]
Well said - I agree with you about the uncertain future. |
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Guest
on 13 May 08 8:35 pm
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| Anonymous wrote: | | Anonymous wrote: | [
Are you a fortune teller? Why buy in Jan 2009? What makes you think that property's price will be lower in 2009 than now? For those who rent, wait another year means another year of rental. If you rent 2K...another year is already 24K and you got nothing!! All the 24K goes to the landlord. Do you notice that the valuation keep increasing even now (May)? the COV is dropping but not the valuation. And the 1996 case will not repeat again unless tmrw got SARS...thats a different story. Buying property is an investment....whether you make it or break it but buying at this time of year is not with high risk nor with low risk. |
excuse me, are you an agent?
FYI SARS did not happen in 1996 |
I think you are not renting any house/room now. Don't know the pain on our ass... In my opinion, those val rise up too much in the past 2 quarter will get some adjustment. Those val never rise much will not drop too much. Just need to do some home work, some HDB are still fine to buy if COV is reasonable rather than rent & wait for the "Durian" to drop. You might earn in another hand & lost in another hand. We have to find the balance. |
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Guest
on 13 May 08 9:44 pm
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renting house is worst thing.
Always be held hostage to fancies of the landlord.
Unlucky tenants can get into very bad trouble.
better to live smaller house but one of your own. |
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Guest
on 14 May 08 6:49 pm
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| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | [
Are you a fortune teller? Why buy in Jan 2009? What makes you think that property's price will be lower in 2009 than now? For those who rent, wait another year means another year of rental. If you rent 2K...another year is already 24K and you got nothing!! All the 24K goes to the landlord. Do you notice that the valuation keep increasing even now (May)? the COV is dropping but not the valuation. And the 1996 case will not repeat again unless tmrw got SARS...thats a different story. Buying property is an investment....whether you make it or break it but buying at this time of year is not with high risk nor with low risk. |
excuse me, are you an agent?
FYI SARS did not happen in 1996 |
I think you are not renting any house/room now. Don't know the pain on our ass... In my opinion, those val rise up too much in the past 2 quarter will get some adjustment. Those val never rise much will not drop too much. Just need to do some home work, some HDB are still fine to buy if COV is reasonable rather than rent & wait for the "Durian" to drop. You might earn in another hand & lost in another hand. We have to find the balance. |
Ya loh...he definitely staying with his parents at the moment. Spare a thought for those who rents mate. They works their ass off and at the end of the day, gotta hand all their money to the landlord. |
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Guest
on 14 May 08 8:28 pm
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| Anonymous wrote: | | Anonymous wrote: | [
How can a house owner tells buyers to hold and buy when the price is not at the peak? You definitely a buyer looking for a house now. If you are a house owner, don't you wish your house to be increase in value? and get high COV? Don't be a hyprocrite man...
Or maybe you have sold your house at high peak with high COV and stay with your parents the moment and wish the property to crash so you can buy with low price... |
i'm just an owner who have bought a flat that i liked and i am not intending to sell it anytime soon until the private market falls further.
it's ok if i can;t sell my HDB for a high price cos i rather pay 10% lower for the private hse and sell my HDB at 10% lower... in any case, HDB lags behind the private mkt so i may well buy in the private mkt at the bottom the cycle and still sell for a relatively good price for my HDB in the same period. |
So you are just another HDB owner dreaming of staying condo hah.
You need to sell your HDB lose 10%.. to buy a condo cheaper by 10% hah.. so desparate to stay condo till waiting for market to fall mah!! |
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Guest
on 14 May 08 9:13 pm
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| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | [
How can a house owner tells buyers to hold and buy when the price is not at the peak? You definitely a buyer looking for a house now. If you are a house owner, don't you wish your house to be increase in value? and get high COV? Don't be a hyprocrite man...
Or maybe you have sold your house at high peak with high COV and stay with your parents the moment and wish the property to crash so you can buy with low price... |
i'm just an owner who have bought a flat that i liked and i am not intending to sell it anytime soon until the private market falls further.
it's ok if i can;t sell my HDB for a high price cos i rather pay 10% lower for the private hse and sell my HDB at 10% lower... in any case, HDB lags behind the private mkt so i may well buy in the private mkt at the bottom the cycle and still sell for a relatively good price for my HDB in the same period. |
So you are just another HDB owner dreaming of staying condo hah.
You need to sell your HDB lose 10%.. to buy a condo cheaper by 10% hah.. so desparate to stay condo till waiting for market to fall mah!! |
I don;t see that waiting to buy at the trough of the mkt means I am desperate and "dreaming" to stay in condo.
approx 20% of residents here live in pte hse. And based on the latest census, my income is already within the top5%, and i'm not even 30yrs old. I can comfortably afford a condo if i'm desperate to get one now.
remember - no investor will want to buy high. |
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