he say can see hiag height swimming pool plus a pocket of unblock view to the city...Originally Posted by taggy
he say can see hiag height swimming pool plus a pocket of unblock view to the city...Originally Posted by taggy
FULLY SOLD except some PH!Originally Posted by taggy
ya u r right. low flr from 12xxpsf...not 1400psf!
alamak i miss it..lol...
may be a blessing in disguise..
Originally Posted by devilplate
i jus joking lahOriginally Posted by ozone2002
if i really keen..i will get resale MM units nearer to town and MRT..
MM units dun nid to hf view...most impt is MRT and close to town to ensure gd rental yield
The 1400psf IS referring to stack 7 px for lowest level i.e. #05-07 ok 1380psf to be exact la 490kOriginally Posted by devilplate
developer surely noe how to priceOriginally Posted by mcmlxxvi
stack 7 is the BEST stack and best layout
Do you know stack 8 the 344sf is the SAME PRICE (in quantum level for level) as stack 7???Originally Posted by devilplate
This is REALLY KNOW HOW TO PRICE! (I BET you some agents say stack 8 may have POCKET SEA VIEW!)
... more like Sea View view or Silversea view....
mabe stack '8'...number auspicious mah...haha...Originally Posted by mcmlxxvi
went yesterday, it was so crowded while the balloting was on.
unthinkable...the heat is still on........
chiong lah
Heat wave had just turned ONOriginally Posted by Laguna
suddenly i start to rec calls from agts asking me my units wana sell anot...no agts call for 1-2mths oredi
So brudder did u buy any?Originally Posted by Laguna
I think there ia a huge speculative market for such $400k++ MM in Geylang and East Coast. It is affordable by most middle class standards and probably the cheapest private property in the entire Singapore. Put in only $80k which most young Singaporeans have and borrow the rest. The normal sized units in D15 is not moving but the MMs are still selling like hot cakes. But it also shows, real demand from owner occupier is wanting in this district.
in any case...such Mm units r only popular since 2007....in the market...u can find many 3bedders for rental....but nowadays mostly single expats as companies cut down housing allowance
tats the rental trend...vy funny one...CL 1bedder can fetch 3.5k...den 2bedder about 4-4.5k...not alot more. MM units will attract investors wana looking for rental yield
many agts hoot 1bedders also...i ask them y dunwan just buy 1-2 bigger units instead of buying 5MMuits for eg....they say 1bedder can rent/sell easily...
its not all about affordibility...i can easily afford bigger units but also choose to buy 1bedders in CBD instead of 2beddersOriginally Posted by Wild Falcon
but geylang/east coast MM i haven try...lol
Affordability is key. I know you can well afford larger units but then there is a BIGGER market if you push unit prices down to $400k which is the case in D14/D15 MM. After all, downpayment is only $80k? 80% of Singaporeans would find that affordable => addressable market is larger, pushing down to the lower-middle class.
Originally Posted by devilplate
not really lah....not all like Mm concept...u r one of them watOriginally Posted by Wild Falcon
MM projects... for people who are already staying in MM units and who don't know a thing about HDB's or cannot buy HDBs. That's your suckers.
I would have to say you are right. HDB is highest yielding.Originally Posted by cashrich
That's why next year when I turn 35 I darn sure will buy a HDB. But now I'm thinking between investing the $ into another MM plus borrow for the HDB, or pay cash full outright for the HDB...
pay up HDB completely is advisable ?Originally Posted by mcmlxxvi
once done, cannot refinance liao leh...
Not buying any more into SG property, buying somewhere elseOriginally Posted by mcmlxxvi
HDB goto stay 3yrs MOP wor....dun try lock 1rm since u oredi own pte ppty....sure kena bustedOriginally Posted by mcmlxxvi
last time HDB yield vy good...but becoming less attractive....no doubt still can get 6-7% for a 2+1. always good to take some loan to offset rental income tax
too much cash on hand....just take 50% loan lor and it will improve ur nett ROI assuming rental yield stay above mortgage rates....let bank earn abit lah
so pro....buy which country ppty?Originally Posted by Laguna
i once bitten twice shy wor...bot from developer but declare bankruptcy! and its not msia somemore!
Fully Sold!!!
very difficult to cashout capital gains from HDB one, only possible way is to sell and incur all kinds of 'frictional fees' ... coz cannot re-finance one and cannot use as security for any loans.... even if got lobang to use it as a security by private contract or whatever, the interest shld be very high due to the complexity... i think....Originally Posted by mcmlxxvi
HDB in the first place is not for u to speculate and make $Originally Posted by limfc
but anyone who bot b4 early 2007 can make more den 50% profit oredi
Hdb for rental yield and not capital gain
3yr MOP lehOriginally Posted by mcmlxxvi
mabe suay suay last min b4 ur 3yrs...extend to 5yrs
true true... i take back my point about capital gain.... pai seh pai seh... i newbie lar...Originally Posted by mcmlxxvi
but then hor, please still consider not to fully pay up lor... coz once paid up, its difficult to take out the cash, unless sell it... then hor, if suddenly got good lobang, then how? cash stuck in hdb, unless really lot of spare cash... then i
i think hor, hdb cannot re-finance one, once paid up, unlike private properties... so hor, maybe can consider to take some loan and like what 1 guru here said, can use the mortgage interest paid to offset the taxable income...
of course, if dun mind to let the cash be invested until the hdb is sold and rental income not taxed much, then can fully pay up lar, coz really save a lot of interest payable to the bank, if take a loan...
while still yng and got earning power...sure take some loan....50-60% at least ....retired liao...surely primary residence must be fully paid la. heheOriginally Posted by limfc
and u r right, HDB cannot use as collateral anymore...therefore cannot take equity loan against it.
bank lending to u at less den 2% now and we can achieve 4-5% rental yield now...y not....actual ROI can be as high as 7-8%!!! ....pls also explore packages like mortgage 1, uob home plus if sibor shoot up
Thanks all bros for advice and insights... I just plonked down 5% for developer unit of project in District 15 TOP end this year.... haha... and the mortgage loan is only 1.309% woohoo.
Yeah must enjoy the low interest and high rental yield while it lasts.
HDB next year then borrow 100k ba... (but stupid resale prices and COV still rising!!!!!!!)