View Full Version : What a difference 5years makes...
Year 2007...$500 to $600k could get you FH old APT in joo chiat/telok kurau area...or 99lh Mass Market 3-bedder condo practically anywhere in singapore
Year 2012...$500 to $600k...can get you 500sqft 1 Bedder 99Lh MASS MARKET condo....
so whats it going to be in....
Year 2017...
$500 to $600k...1 toilet and 1 kitchen....:D:D:D:D...sleep on table...:doh:
I think the days of quick money from property is over. My guess for 2017, prices will be around 10% more than what we have today.
:beats-me-man:
2017, 500-600k can get one a 4-rm HDB flat in outlying non-matured area. 600k maybe can get a 188sf tiny studio for private...
No more decent private play < $700k.
Actually fellow singaporeans DO NOT be disheartearned...DO not blame the FT and GOVT...what is happening in OUR country is a WORLWIDE issue in DEVELOPING economies...look at australia/new zealend/Hong Kong/China....YOUR hard earned $$$ is worth less than what it was 5 years ago...SO START thinking...what it will be worth 5 years from ....now...:cool:
But of course if you choose the dark side...can always invest in AFRICA:scared-1::scared-1::scared-1::D:D:D
http://www.viviun.com/AD-162679/
Some business associates have already invested there. It is not either in some parts of Africa.
Actually fellow singaporeans DO NOT be disheartearned...DO not blame the FT and GOVT...what is happening in OUR country is a WORLWIDE issue in DEVELOPING economies...look at australia/new zealend/Hong Kong/China....YOUR hard earned $$$ is worth less than what it was 5 years ago...SO START thinking...what it will be worth 5 years from ....now...:cool:
But of course if you choose the dark side...can always invest in AFRICA:scared-1::scared-1::scared-1::D:D:D
http://www.viviun.com/AD-162679/
Chillyred888
26-08-12, 10:58
whether market heading up or down in near future is a Big ???
I would say, since we cant control the market as there will be cycles..but we can start earning much more than 5 years ago..to cope with inflation, have better lifestyle and also to buy in properties whenever there is a correction along the way:cheers5:
Time flies Have already been in this forum for 5 years. Have seen people make $ and still see people perching on the fence waiting for the big correction. Big boats, small boats or even submarines have come and gone. :D
phantom_opera
26-08-12, 11:32
How to deflate when qe3 , qe4 is coming for sure? How many countries like china can trade off 2pc growth to control inflation, if sg do that, will be zero
I am waiting to enter for Mt Sinai or Flamingo Valley in Siglap.
I am waiting to enter for Mt Sinai or Flamingo Valley in Siglap.
:doh: :doh: :doh: :banghead: :banghead: :banghead: !
Akira Fudou
26-08-12, 12:36
I am waiting to enter for Mt Sinai or Flamingo Valley in Siglap.
You sounded like some sicko to me lol... all the best
I am waiting to enter for Mt Sinai or Flamingo Valley in Siglap.
if you like flamingo valley, suggest you grap it now if can afford. otherwise it'll be missed the boat:D
News: The Straits Times - 26 Jun 2010
Probably no property bubble here yet: MM
THERE is probably no bubble in Singapore's property market, Minister Mentor Lee Kuan Yew said yesterday.
The sharp price rises that have been seen are 'part of the total liquidity in the whole world system', said Mr Lee, noting that interest rates are low, and foreigners still see properties as affordable.
http://www.pmo.gov.sg/content/pmosite/mediacentre/inthenews/ministermentor/2010/June/probably_no_propertybubblehereyetmm.html
They have QE1, QE2, operation twister, we have cm1......cm5
News: The Straits Times - 26 Jun 2010
Probably no property bubble here yet: MM
THERE is probably no bubble in Singapore's property market, Minister Mentor Lee Kuan Yew said yesterday.
The sharp price rises that have been seen are 'part of the total liquidity in the whole world system', said Mr Lee, noting that interest rates are low, and foreigners still see properties as affordable.
http://www.pmo.gov.sg/content/pmosite/mediacentre/inthenews/ministermentor/2010/June/probably_no_propertybubblehereyetmm.html
They have QE1, QE2, operation twister, we have cm1......cm5
Yes, but that was 2 years ago. Not sure now?
thomastansb
26-08-12, 14:43
Depends. HDB tap was closed from 2002 to 2009. GLS isn't that much either.
But HDB released close to 100,000 units from 2009 to 2013 (est). 15 to 20 years of supply in 4 years.
Maybe the trend will reverse and 500k can buy you a 3 bedder mass market? Khaw also 'catering' to 2nd timers now. When these majority of 2nd timers get their keys and have 6 months to dispose their units, what is going to happen? They can't rent it out like private.
Year 2007...$500 to $600k could get you FH old APT in joo chiat/telok kurau area...or 99lh Mass Market 3-bedder condo practically anywhere in singapore
Year 2012...$500 to $600k...can get you 500sqft 1 Bedder 99Lh MASS MARKET condo....
so whats it going to be in....
Year 2017...
$500 to $600k...1 toilet and 1 kitchen....:D:D:D:D...sleep on table...:doh:
Yes, but that was 2 years ago. Not sure now?
Thanks for pointing it out. For a moment I thought someone suddenly lost his rational thinking. I am thankful though, for what he and the government has done that allowed me and a lot of the older generations to get wealthy, through ownership of properties in Singapore.
Better than Hong Kong who has never been able to develop its public housing and prices have really gone sky high.
Thanks for pointing it out. For a moment I thought someone suddenly lost his rational thinking. I am thankful though, for what he and the government has done that allowed me and a lot of the older generations to get wealthy, through ownership of properties in Singapore.
Better than Hong Kong who has never been able to develop its public housing and prices have really gone sky high.
Can't fault them. HK pre-97 (esp. during 80s) was so uncertain with mass migration and frantic rush to obtain US/Euro and even S/pore citizenship. Who wants to build a beautiful castle for a "foreign" invasion? But Big Bro was really serious about their return with a difference using the SAR term. Now, there are so many HK-like cities springing up and still growing.
May not be official but I am quite sure that the surge in demand for both Private and Public housing in S'pore from 90-96 were partly fueled by them and our prices then were ridiculously cheap considering the size they were paying back home.
In terms of property investment, the HK people are really the "commandos", putting the life savings $ on 60 yrs leasehold apartments. :not-worthy: :not-worthy:
That was 2 years ago.:doh:
News: The Straits Times - 26 Jun 2010
Probably no property bubble here yet: MM
http://www.ritholtz.com/blog/wp-content/uploads/2012/04/SPX-10-yr-yield-and-fed-intervention.gif
CM = Control Measure
CM5 - 07 Dec 2011
http://app.mnd.gov.sg/Newsroom/NewsP...RA1=&RA2=&RA3=
CM4 - 13 Jan 2011
http://app.mnd.gov.sg/Newsroom/NewsP...RA1=&RA2=&RA3=
CM3 - 30 Aug 2010
http://app.mnd.gov.sg/Newsroom/NewsP...RA1=&RA2=&RA3=
CM2 - 19 Feb 2010
http://app.mnd.gov.sg/Newsroom/NewsP...RA1=&RA2=&RA3=
CM1 -14 Sep 2009
http://app.mnd.gov.sg/Newsroom/NewsP...RA1=&RA2=&RA3=
Yes, but that was 2 years ago. Not sure now?
Two years ago, he saw Tsunami coming, two years later he is prepare for them with 5 CMs.........
CM = Control Measure
CM5 - 07 Dec 2011
http://app.mnd.gov.sg/Newsroom/NewsPage.aspx?ID=3202&category=Press%20Release&year=2011&RA1=&RA2=&RA3=
CM4 - 13 Jan 2011
http://app.mnd.gov.sg/Newsroom/NewsPage.aspx?ID=2488&category=Press%20Release&year=2011&RA1=&RA2=&RA3=
CM3 - 30 Aug 2010
http://app.mnd.gov.sg/Newsroom/NewsPage.aspx?ID=2633&category=Press%20Release&year=2010&RA1=&RA2=&RA3=http://app.mnd.gov.sg/Newsroom/NewsP...RA1=&RA2=&RA3=
CM2 - 19 Feb 2010
http://app.mnd.gov.sg/Newsroom/NewsPage.aspx?ID=2624&category=Press%20Release&year=2010&RA1=&RA2=&RA3=
CM1 -14 Sep 2009
http://app.mnd.gov.sg/Newsroom/NewsPage.aspx?ID=2448&category=Press%20Release&year=2009&RA1=&RA2=&RA3=
That was 2 years ago.:doh:
News: The Straits Times - 26 Jun 2010
Probably no property bubble here yet: MM
CM = Control Measure
CM5 - 07 Dec 2011
http://app.mnd.gov.sg/Newsroom/NewsP...RA1=&RA2=&RA3=
CM4 - 13 Jan 2011
http://app.mnd.gov.sg/Newsroom/NewsP...RA1=&RA2=&RA3=
CM3 - 30 Aug 2010
http://app.mnd.gov.sg/Newsroom/NewsP...RA1=&RA2=&RA3=
CM2 - 19 Feb 2010
http://app.mnd.gov.sg/Newsroom/NewsP...RA1=&RA2=&RA3=
CM1 -14 Sep 2009
http://app.mnd.gov.sg/Newsroom/NewsP...RA1=&RA2=&RA3=
Seems like every CM coincide with every QE +- 3mos.
phantom_opera
26-08-12, 16:58
Proprty market is dead, it behaves more like bond now ie little capital appreciation potential over and above inflation after all CMs
Proprty market is dead, it behaves more like bond now ie little capital appreciation potential over and above inflation after all CMs
so more or less saturation, but have to wait for later upside?
As much as I hope for a correction, I think the market can only inch further up instead.
I cannot sense or feel a saturation when the market outlook is rather positive.
As much as I hope for a correction, I think the market can only inch further up instead.
I cannot sense or feel a saturation when the market outlook is rather positive.
as they say willing buyer willing seller.
you are looking at mt sinai at incredible price discount.
would you buy base on the current asking because you feel it can only go up?
so most like me saving ammo for big bang or the next big thing that comes along.
as they say willing buyer willing seller.
you are looking at mt sinai at incredible price discount.
would you buy base on the current asking because you feel it can only go up?
so most like me saving ammo for big bang or the next big thing that comes along.
Hi. I do understand nobody likes to do a losing business. However, there are times where opportunities may occur due to some other reason(s)?
If that happens, I will not hesitate to take it (Mt Sinai or Siglap) if it falls within my budget.
Hi. I do understand nobody likes to do a losing business. However, there are times where opportunities may occur due to some other reason(s)?
If that happens, I will not hesitate to take it (Mt Sinai or Siglap) if it falls within my budget.
I do know of one probate sale at telok kurau that was rather good deal. But as usual trying to benefit from the dead is not for everyone
I do know of one probate sale at telok kurau that was rather good deal. But as usual trying to benefit from the dead is not for everyone
:confused::confused:...owner died and house sold...:confused::confused:
:confused::confused:...owner died and house sold...:confused::confused:
yup. When family disagreed or there is disagreement amunt owners / member or the bank call for the loan, etc etc,,,
yup. When family disagreed or there is disagreement amunt owners / member or the bank call for the loan, etc etc,,,
House that either have homicided or comicided case sure sell cheap cheap one....:scared-1:
House that either have homicided or comicided case sure sell cheap cheap one....:scared-1:
that's not term probate. :doh:
House that either have homicided or comicided case sure sell cheap cheap one....:scared-1:
Thanks bro. Learnt a new word today - COMICIDE. :D
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