... when everyone becomes an expert in property, it's the sign a bubble is forming
give it another year, time to exit liao ..
Follow Mr Kwek : "Sell on the way up".
... when everyone becomes an expert in property, it's the sign a bubble is forming
give it another year, time to exit liao ..
Follow Mr Kwek : "Sell on the way up".
another contrarian indicator is the number of postings on this website. Back in 2008-09, there was one or two new postings on the whole website every week, sometimes zero.Originally Posted by amk
Now, there are at least 30 or 40 new postings every day, and I counted 120 one day last week. a sign that the market is peaking?
another bad sign is that even the "common" folks are getting into the market. As indicated by someone last week, a group of hawkers were seen gueuing to buy the estuary. Warren buffet once said that he knew the market was peaking when he heard shoeshine boys talk about stocks and bragged about how easy it was to make money in the stock market.
Last edited by stalingrad; 03-03-10 at 12:39.
So what do you reckon people to do? All sell and rent for time being? I have heard of too many cases where people sell their own residential properties just to pay much more to buy another residential property to stay in. Moral of the story? (Always stay invested in property (at least 1 for own stay) - Ops, I step into jlrx's territory of "Propertism"!).
Originally Posted by ksh
Just to share a very good and useful blog..Originally Posted by fclim
http://smartpropertybuyer.blogspot.c...singapore.html
It has not been updated for a while and I am suspecting that someone is busy with real property deals or lurking somewhere in this forum. The charts shown are very similar to jlrx's, perhaps its him. Don't really know.
From the graph, you would know that there's up and downs. The real gurus are the ones who bought at the lowest trough and the rest is history. The average winners, nevertheless are the ones who held on to their buys and still win in the long term, however, they are stuck for a long long time... many examples for those who bought in 1997 peak.. hope that it is not repeated for the 2010 peak (if I am correct about it being the peak).
With no offence really, I agree that properties are meant to be bought, not sold. A winner may emerge even from the worst investment choices made, if held long enough... >5 yrs or even >10 yrs?. Let's continue to agree to disagree.
Why see the hawkers no up? There are many millionaires hawkers in singapore driving 7 series BMW and S-series Merc! They are smarter than many others...
Originally Posted by stalingrad
Originally Posted by Condorich
I hear my name once again and hear I appear....ha ha....
like what I said before, be sure u can take the bad along with the good before u buy. there's no perfect property. i bot a unit at meadows @ peirce which has a lot of dissenters and nay-sayers. nevertheless I bot it with my eyes wide open as the positives outweigh the negatives for my situation. even now despite many folks criticising it and condemning the project, I still feel a warm glow whenever I think about my purchase. heck care what others have to say. always be confident in your purchase and be contented. there'll never be a perfect property and there'll always be a better property. however whether it is meant to be yours is another matter altogether.... just my 2 cents' worth...
yes i agree.....buy within yr mean, don over commit, powerful (holding power) enough to storm any crisis...... i think these are the basic rules to follow and u will not be in deep shit. property is buy for long term and in long term, i believe the price will still go upOriginally Posted by fclim
If Estuary hits $1k psf, every property owner in this forum would be getting a huge windfall, especially those who own properties in the central region and bought their properties there below 1k psf. It will take a couple of property upcycles to drive Estuary to above 1k psf. I am not saying it is impossible, and if it does happen, i think a lot of property owners owning properties in better districts would be delighted.
Originally Posted by fclim
i know the prawn noodle seller at adam road. he once told me he made 40k a month on average and his job is just going around collecting money everyday with his workers slogging their asses out at his chain of stalls. he has only primary school education.
Originally Posted by teddybear
Yup, that's the rule.. sometimes, you gotta buy even if you don't like it if your wife likes it more than you. The opposite is true.Originally Posted by KarenK
Take the good and bad. The verdict will be out when you see it for the very first time... the actual units, the actual size, the actual view and the actual results. Saved by inflation and another buyer who appreciates it like the way you do. That's it.
You may want to check if the capacity of your air-conditioning unit is undersized. Is it a 9000 BTU or larger than 18000 BTU.Originally Posted by Moo2010
I would like to dedicate this song to all Estuary buyers, one of my favourite numbers
http://www.youtube.com/watch?v=pAIKz...eature=related
Hi guys,
Deeply sorry if I had stepped into anyone's toes while debating abt Estuary.
To make this place more peaceful and with less postings, I think I will not participate in any conversation anymore. Sorry for all the inconvenience caused.
Through all debates, I've learned quite a number of things from you guys.
Hope there are still opportunities and platforms to share though we are bound to have differences in our opinion. I wish everyone here all the best in your property investment.
Cheers
Yup. Buy something comfortable and within your means. In the long run, you will be better than those without buying. There is always cycle (what thing doesn't? Even your manhood has up and down). But over the long run, you are SOOOOOO much better than those complaining HDB prices are high. Because those are the talkers only but no action from them. Complain for many years but during downturn early last year, where are they? Still planning which newspaper to write to. So I can only say, too bad for them.
In short, those who buy Estuary are better off than those who didn't buy anything.
Originally Posted by fclim
Yah. Don't dog eyes. They could be earning 10 times more than you anytime.
Originally Posted by teddybear
Forum is open to anyone. That is why it is a forum and not a speaker corner or presentation.
I won't say it is a good buy for investment but that is purely my opinion. Many said Sail was not worth it when it was launched. But don't worry because you are better off than those fussy people who are still complaining today about high HDB prices. To me, is it high? I mean in Yishun, you can easily find something below 200k for a 3 bedrooms. 90% loan only pay around $400 a month.
But you know, nowadays people want a bungalow with seaview, IR, MRT, shopping centre. Better still, they want it under 100k. If that happens, I will be the first to sell all my properties.
Originally Posted by Moo2010
Okay, I stand corrected. hawkers buying is now classified as a bullish sign.Originally Posted by Squall8888
people come into this forum expecting others to be green with envy with their purchases. When they instead receive jeers, they leave. It's just typically human.Originally Posted by Moo2010
Worst are those who didnt buy, but keep talking down the market.Originally Posted by Squall8888
Etc If i have missed the boat,i would just shut my trap and just quietly wait for opportunity..
Instead of shouting down,and letting all forumers to know wad a soreloser they are..
wao phiang, im aso felt ashamed for them. Let alone them,dont they feel anything abt themselves?
Last edited by jwong71; 03-03-10 at 14:45.
Yeah...this statement is so true. Worse if one failed to get a unit and start talking down the project. You can see one's mentality when the person's son couldn't get into a good school and started negative talks abt the school.Originally Posted by jwong71
Didn't want to respond to you anymore since I have stated that earlier. However, with your last post, I just cannot allow you to go without these few comments since I might have agitated you or offended you.Originally Posted by Moo2010
Moo2010... please dont take it to hard. If you have made the right decision, you can always share with us again later. Of course, we will be happy for you. If you have made the wrong decision, you are always welcome to share later too. Some of us may actually feel your pain.
This is a forum, just share. The regulars may sounded harsh but some of their advices are really good and have been good so far.. I've also learnt from them, you just need to know which are good advices and which are not. They have nothing to gain with their friendly or critical advice... may even get criticised for being a busy body or someone who is sourgrapes.
BTW, to those who say criticise only and cannot buy, please remember, this is a forum on buying and selling condo's. It's never a forum about I can buy or cannot buy. Get it right. As always, don't ever look down on anyone.
There will always be two sides to a coin. The truth hurts. take care Moo2010.
fclim san, Well said... Wat i guessed earlier is not an inducementOriginally Posted by fclim
to buy or sell...
eng eng lim kopi, hee hee...
haha, no worries, I'm more worried I might have hurt others. So for the welfare of everyone, sayonara...and take care!Originally Posted by Condorich
Firstly, how can you tell if they are hawkers? You mean, they bring their Char Kway Teow frying pan to the showflat meh? Secondly, these "hawkers" are likely to pay in full for their condo using cold hard cash. Why, because the banks won't give them 80% loan due to their uncertain income source and they are not likely to produce an Income Tax statement that says they earned $500K in 2009 to get the loan.Originally Posted by stalingrad
Of course. Probably, their IR8A only shows they make 24k a year
Originally Posted by fclim
30k a year. Minimum annual income needed to employ a maid.Originally Posted by Squall8888
So as we approach the official launch, how many units have been sold? is it still 300+ or have it reached 400+.
Anybody with the latest figure?
Yes, the agent i bought told me likely all units will be released this weekend and they expect 95% sold out, leaving some odd units.