by the way, oredi receive smses for bigger units in ccr which r selling at or slightly below recent tx
by the way, oredi receive smses for bigger units in ccr which r selling at or slightly below recent tx
agree with you. large units are now dead meat and out of fashion. park natura and duchess residences are prime examples. no one wants to buy them.Originally Posted by devilplate
I do like big units, for self stay though.
definitely big units r gd for own stay for self enjoymentOriginally Posted by stalingrad
but to spend millions for a big unit n rent it out to tenants at such low yield now?
y spend a bomb n let others to enjoy?
For rental...large units may not justify the quantum...even hdb....3 room ...2.5K holland area, cost about 300K...5 rm about 600k but can you rent it out for 5K?
so do u agree wif me tat investing in bigger units r mainly for capital appreciation? but wif 4yrs SSD now....cannot cash out if px goes up....den suffer low yield for 4yrs? wat if downturn hits within the next 4yrs? stuck wif a big shyt?
to be fair, i think proud owner is just saying generally big units make better long term investments but he is not timing it.
i think the only big unit owners who are sweating are those who bought in the 2007 boom. any way to check all those caveats and call them one by one ask want to firesale or not? hahahahahahaha
Originally Posted by devilplate
he goto state his intentions clear.....wait really got ppl got the wrong idea n go and hoot a big unit now.....Originally Posted by bargain hunter
just like some ppl keep saying interest rate will start to raise (commented in early 2010)....den those go n listen n lock up fixed rates tat time must be
big units firesale will look for u during downturn lor
in the long run, those vy big units n old old projects got chance to enbloc.....but meantime goto suffer on low yields and heavy repair cost....quite troublesome one u noe.....tenant call u this leak...there spoil
den especially u buy for investment....u dun really want to spend so much to repair n renovate rite?
i m keeping old n big units ....not for sale and wish to hit jackpot one day....but the process is vy tiring n frustrating....
and older bigger units doesnt mean can find tenants easily.....actually its the reverse.....not unless u r willing to renovate it nicely.....a big 3bedder of let say 1300-1500sqft fetches abt the same rental as a brandnew 2bedder 800-1ksqft
Last edited by devilplate; 18-05-11 at 13:22.
yes and yes and yesOriginally Posted by devilplate
although to be fair, proud_owner's observation ("I'm scared ppl saying 2M is expensive") is valid: there is no significant increase in income.
Its definitely valid tats y hdb bto getting smaller n condos getting even smallerOriginally Posted by amk
But he noes salary lags behind ppty px now n yet preaches big units now...can make other bankrupt one u noe
...actually he said,,,, he thought peoiple are saying that salary has increased a lot....so if I guess correctly, he misread the market, thinking with increasing salary people will be able to afford bigger units....that would not be the case....as psf increase to match demand as salary increase, there is no way property will lag behind salary increase as once people got money, property would be top of their upgrade list, thsu driving up prices... I would say he is worried for himself rather than other people....load of bulls...either that or he is bragging.Originally Posted by devilplate
in late 2009 to early 2010, i commented that Reporter's blind highlighting of record psf is in total disregard to quantum. also can bankrupt pple one leh, but i got slammed by a lot of pple instead.
proud owner always preached big units, not only now, so i dun see why anyone who can't afford will be able to buy these big units.
Originally Posted by devilplate
Deviates too much liao laOriginally Posted by bargain hunter
Po says salary nvr increase much....
At the same time preach big units....
Actually I'm kinda confuse. What is the so called "bench mark" price to define "expensive" and out of reach for the majority. King kong did mentioned my shaughnessy unit (which now transact at 1.515 mil) has high quantum (and too big is no gd) and is out of reach for majority. But then I look at all east coast condo, tanjong rhu condo, robertson quay, or even OCR like kovan 3/4 bedder all easily transact at near or more than 1.5 mil.
Seriously I dunno what is meant by "affordable" in today's context. To me, what is expensive may be defined as tennery 1 bedder at 1300 psf, scala 1400 psf or Greenwich at 1300psf or foresque at 1100 psf. When compare all these, my shaughnessy seems cheapskate. Wah piang, i really dunno shld judge base on quantum or psf.
Secondly, I'm also not sure when u guys states anything more than 1.5 or 2 mil as "expensive" is it based on your own fanancial profile or representing others as well. If its others, how come i can easily see many transactions crossing 1.5 mil lodge in caveat? Pls dun be mistaken as I hv no agenda. I bought the cluster house purely for self stay coz of family needs. Thanks
if u check the caveats across all the districts, and rank them by quantum, other than CCR, there is a significantly less proportion of units which transact at between 1.5m to 2m and even fewer for 2m and above.
Originally Posted by Xan
Lets tok abt ur shaug lor...Originally Posted by Xan
Mabe can compare wif a 3bedder at 8cy? 7xx-8xxk....and flour worth more den bread rite ....so ppl choose affordable 800k 3bedder n sacrifice on living space rather den stretch to max n buy ur shaug at 1.5mil?
Delete. Duplicate
Last edited by Xan; 18-05-11 at 19:59.
Wif 60%ltv, budget shrink by half....Originally Posted by bargain hunter
Used to b 80%ltv....200k cash can buy 1mil ppty....
60%ltv can only afford 500k
I oredi said mm will chiong even more after 40%ltv was announced
While pple buy for investment, I believe there are also pple who buy for self stay and space like me. I cannot imagine myself cluttered in a 2 bedder with my family though the quantum is less than a mil. Anyway thank you guys for the reply.
What u mentioned is in the context of investment, not self stay.Originally Posted by devilplate
3 bedder CY couldn't fit into my needs since I am staying with my parents and kids. So can't use this to compare. How abt 4 bedder in CY? Very cramp for me as well... But nvm...Maybe 1.2 mil? What is 1.5 mil compare to 1.2 mil when I can get a size 2.5 times bigger than 4 bedder at 8CY?Originally Posted by devilplate
hi xan, actually i had viewed shaug.. space were more cluttered and spread over few storeys..Originally Posted by Xan
im standing in the 3rd party's view.
diff pp diff needs.. but i still prefer the common 2bedder space
So u r trying to say y ppl pay 1.5mil 4bedder in ocr condo n y not buy urs?Originally Posted by Xan
Den some will say, y not top up abit to 2mil n buy my landed? 99lh landed can be bot less den 2mil too
Yap I agree...diff people diff opinion and needs. I respect that. On the contrary, I find it very spacious (maybe due to my units ID design) and the view in front of me is a golf course. I like the fact it spans over many levels....as what my wife always said...she enjoys the privacy of not having to see my parents everytime coz we stay in diff floors. HeheOriginally Posted by jwong71
Y not...i currently own a 3bedder for eg....i wana buy another one for own stay n keep the current one for rental....still 60%ltv rite?Originally Posted by Xan
If ltv goes bck to 80 or even 90%, big units will get popular again
But it will only happen after we kena recession.....
So for now till nxt downturn, mm n smaller quantum will b popular whether u like it anot....
For bigger units, buy during next dip totally no point now
What about 30 years later with clift?Originally Posted by devilplate
Own stay worth the px tag lor ...Originally Posted by Xan
But were u buy another shaug at 1.5mil now to rent out? No rite?
All these toks abt mm vs big units r coming from investment pt of view
..so it sounds like biggies are sought after when it dips....and shun when prices are high....so even if prices are high....biggies will be difficult to sell....its a vicious cycle....that is why people like PO is worried.....as he likes to quote...'get it?'
similarly looka t the prices betw HDB 5-rm and EA/EM price difference usually close as there is a threshold quantum in HDB market.....
devil-plate wont hold for 30yrs straight..Originally Posted by DC33_2008
he will accumulate some and dispose some along the way..
Den how abt ur southbank 30yrs later?Originally Posted by DC33_2008
U noe me bestOriginally Posted by jwong71
Keep fh gems along the way