I ain't an expert but just take a look at countries at Japan..Who would expects the Japanese's economy to be ..And their mortgage loan interest ain't that low either..Originally Posted by latour
I ain't an expert but just take a look at countries at Japan..Who would expects the Japanese's economy to be ..And their mortgage loan interest ain't that low either..Originally Posted by latour
Patience is virtue in this market sentiments..Some might disagree but I am ok.Originally Posted by devilplate
Errr? Then when to buy? Low interest rate scared become high 1 day. High interest rate wait for low?Originally Posted by birdies
exactly my point....Originally Posted by price
tats y i ask him how lor....
so scare den goto pay in full...but den $$ not enuff how? just keep renting like sissy B?
lol sissy B rents a place?Originally Posted by devilplate
he himself say oneOriginally Posted by price
Originally Posted by basic
Actually i know a family of 5, sold their condo, moved into a relative's HDB hoping for price to drop. Now BTH liao cause everyday their kids kpkb. Grandma squeezing with 2 kids in 1 room.Originally Posted by devilplate
But the sad thing is that now they can only afford a 2+1 bedder at a BUC condo. (previously sold a 4 bedder)
I know of a few (some are fren's fren/relatives etc.) in same boat. I do know of one whom sold his 4rm HDB 2 year ago (cash out, and happy then) and wanting to buy back a 3rm flat (wait for price to drop. At about same area, downgrade etc.) but until now still have not buy becos 3rm resale price kept going up and now about the same price as what he sold his 4rm HDB 2 years ago.Originally Posted by price
In the meantime, he stay with his relative and was suppose to be for 6months only initially. This is sad...
Hi there, I think you get me wrong. In property market, it is easier to predict when is the lower trend to buy as compared to stock market which is why I am waiting..Patience is virtue..Originally Posted by price
However, the significant difference between stock and property is the cycles of ups and downs. The property market cycle is for sure longer than stock market and what I am saying is if we catch it now in the property market (likelyhood is we are at high), the bigger possibility is that when it dips, people with little holding power will be forced out of the market. The rich is of course ok..
Stock on the other hand is different. The cycle is shorter and likely for the cycle to goes up is much faster. That is to say if we catch it at a wrong timing, the bail out is faster..
I am also for one looking for one but now i am a little wary..
The biggest mistake for people who are in property now is the "greater fool theory"..
http://en.wikipedia.org/wiki/Greater_fool_theory
Guys, I am not an expert in property market but just like to share my thoughts. For sure, I am a little bit too conservative but I think it pays off long run..
Do not shoot me hor..
Yup, i'm sure everyone here understands this. But one thing no one knows is whether at this high, property prices will continue to rise. No one knows when will it fall. So your right, patience is virtue. Just don't miss the boat when its here!Originally Posted by birdies
The stock market, say the STI, can correct 50% very sharply - but your overall portfolio (if you have penny stocks for eg.) can crash 70%. Hard to believe (at this moment) ppty will follow that kind of correction. I still hold the view stock market has to crash before ppty prices follows any significant correction...Originally Posted by birdies
Yes, stock market gotta crash significantly and people have to start losing their jobs before the property market will fall drasticallyOriginally Posted by Ilikeu
Hello, I agreed that everyone understand this of course. No doubts about that..But the bigger issue is like I said in a post: it just strikes me now that there are a lot of great or FIRM believers in the greater fool theory in the property market..Originally Posted by price
It does not take long for one to realise that now the property market is at a record high..so the chances for it to come down is greater than going up..given what the sg. gov is trying to achieve..
Hello, sorry I may have confused some. What I am saying is the cycles of stock market is shorter than property. It takes a longer holding period in property market than in stock market. Especially now with the 4 years additional stamp duty for seller.Originally Posted by Ilikeu
Tentency for people (who are getting into the property market now in a high trend) is they lose out in the longer term should the property market corrects itself. The 4 year holding period is crucial.. buy now, you also cannot sell within 4 years unless your nett profit after selling exceeds 16% in the first year, and subsequent to the relative % in the following years.
I doubt that they are trying to bring it down. Maybe more of maintaining it. But yes i do agree that prices are all time high now. Perhaps today's high will be tomorrow's low.Originally Posted by birdies
As i hold the view that stock market has to crash before ppty prices will correct significantly, hence if the stock market did indeed crash, i will go into the stock market to pick up the blue chips instead of waiting for the ppty prices to fall. Hence if one choose to wait, he has the option to go into stock as well if both stock and ppty correct significantly.Originally Posted by birdies
Yes, agreed that sg. gov is trying to maintain it but there are also a lot of external factors now that are worth considering..Originally Posted by price
I also want to point out ONE important factor. Affordabilty
I really wonder (apart from leveraging the current low interest rate), how are Singaporeans affording the current property prices? I could be wrong but doubts a lot of them are really in that "elite" force..
Of course, FTs are ok lah..but I am a true blue singaporean..
SG's middle income grp is huge. You'll be surprised by the amount of SGeans having spare cash in hundreds of thousandsOriginally Posted by birdies
Most probably they have one hdb fully paid... and with 5-10 years of savings, it should not be a problem to pay down 20% to upgrade to a condo.Originally Posted by birdies
Not me, i am not surprised.Originally Posted by price
Yea me neither. I know of aunties and uncles who buys property with just a couple of years loan. They actually have more than enough to pay in cash if they want.Originally Posted by Ilikeu
I know of many people who can easily save cash $5k a month (=$300k in 5 years excluding bonus), and enough for the downpayment to buy a condo every 5 years (or less) or so.Originally Posted by price
Actually I am not surprised..maybe they are "peanuts"..Originally Posted by price
Precisely my point.Originally Posted by birdies
EC with most balance units.
153 sold in mar at 798psf median. 332 units to go.
Construction progress as of today for Tampines Trilliant.
Originally Posted by bargain hunter
Anymore balance unit?
What ia a good house?
It is a good house as long as you love it
Don't think so there's any more balance units. Unless there's 1 or 2 units not approve by HDB or some loan matters else it's fully sold.Originally Posted by Good house
Any news of updated TOP date?