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pod
26-07-13, 13:24
With the large numbers of HDB completion/pte condos etc etc what do u guys think about the rental effect in Punggol or Sengkang area?

I am talking about next year onwards.

*esp if u personally own a ppty there, whether punggol or at sengkang . (doesnt matter hdb/pte condo etc)

oops
26-07-13, 14:12
Consider lucky if able to hold the property value..

Regulators
26-07-13, 14:16
Before the oversupply , it is already a tenants' market now. With the oversupply what do u think?

pod
26-07-13, 14:32
Before the oversupply , it is already a tenants' market now. With the oversupply what do u think?

lol ok.:cheers5:

Kelonguni
26-07-13, 14:48
With the large numbers of HDB completion/pte condos etc etc what do u guys think about the rental effect in Punggol or Sengkang area?

I am talking about next year onwards.

*esp if u personally own a ppty there, whether punggol or at sengkang . (doesnt matter hdb/pte condo etc)

HDB not much difference as the new HDBs cannot be rented out mostly.

Private, not sure but many bought for own stay or upgrade. It depends also on what up graders do about their HDBs if they have. Will they sell or rent?

But even if they put up for rent, the negative effect is minimal because it's still tied to nation's rental prices.

pod
26-07-13, 15:08
HDB not much difference as the new HDBs cannot be rented out mostly.

Private, not sure but many bought for own stay or upgrade. It depends also on what up graders do about their HDBs if they have. Will they sell or rent?

But even if they put up for rent, the negative effect is minimal because it's still tied to nation's rental prices.
There will stillbe some who rent out rooms for HDB as there are alot of budget foreigners who 'downgrade' to HDB i guess as its evident at the groundlevel. eg. a visit to the coffeeshop these days u can see multi nationals queuing up for food.

There's alot of attention at punggol/sengkang these days so i duno if people will rent at these towns as oppose to elsewhere as the mrt/lrt is pretty much all accessible these days.

I personally have a friend who sold his punggol hdb flat and now staying put at his parents house until his condo is completed in punggol before moving back again. I guess he likes punggol. :D

Eh
26-07-13, 16:52
TS, you heavily vested?

Kelonguni
26-07-13, 18:03
There will stillbe some who rent out rooms for HDB as there are alot of budget foreigners who 'downgrade' to HDB i guess as its evident at the groundlevel. eg. a visit to the coffeeshop these days u can see multi nationals queuing up for food.

There's alot of attention at punggol/sengkang these days so i duno if people will rent at these towns as oppose to elsewhere as the mrt/lrt is pretty much all accessible these days.

I personally have a friend who sold his punggol hdb flat and now staying put at his parents house until his condo is completed in punggol before moving back again. I guess he likes punggol. :D

Must study the overall rent growth or decline island wide. It is not so straightforward to just apply demand supply.

It still appears a great place for living, qualitatively as compared to some others.

No way to predict for sure...

radha08
26-07-13, 19:04
Yesterday evening i drove from pioneer road to tampines mall i left pioneer road about 545pm i reached Tampines mall at 715pm:scared-1: there was a delay due to accident near ngee ann poly during my journey i looked at the hundreds and hundreds of cars around me when i reached tampines MAJOR delay turning into tampines DUE to SO MANY MANY MANY cars:scared-3:

then i asked myself will the PROPERTY market crash in time to come :confused:

but looking at the crowds on the roads in the malls in the MRT i REALLY REALLY doubt the will be a SEVERE DROP in rental and resale but then again maybe the CROWDS will just DISSAPEAR overnite and go dont know where and then there will be NO more DEMAND for resale/rental and market will crash:D

at least then if that happens my journey from jurong to tampines will take
45mins even if there is accident :D:D:D

Regulators
26-07-13, 19:11
I am just curious how many of those who bought in recent launches actually paid the 7 or 10% absd or do these ppl form only an insignificant minority.


Yesterday evening i drove from pioneer road to tampines mall i left pioneer road about 545pm i reached Tampines mall at 715pm:scared-1: there was a delay due to accident near ngee ann poly during my journey i looked at the hundreds and hundreds of cars around me when i reached tampines MAJOR delay turning into tampines DUE to SO MANY MANY MANY cars:scared-3:

then i asked myself will the PROPERTY market crash in time to come :confused:

but looking at the crowds on the roads in the malls in the MRT i REALLY REALLY doubt the will be a SEVERE DROP in rental and resale but then again maybe the CROWDS will just DISSAPEAR overnite and go dont know where and then there will be NO more DEMAND for resale/rental and market will crash:D

at least then if that happens my journey from jurong to tampines will take
45mins even if there is accident :D:D:D

LaFiestaOwner
26-07-13, 19:51
I also think will drop.

merlion
26-07-13, 20:27
:beats-me-man:

k00L
26-07-13, 21:11
I believe 70% of these sengkang/punggol condos are bought by owners-occupiers.
The remaining 30% of condos which are up for rental will hopefully be absorbed by the expats working in Rolls-Royce Seletar park.

Personally, I do not know of any expats of other industries who are attracted to live in this district

radha08
26-07-13, 21:30
another 2cents observation every morning i drive from east to woodlands via TPE the traffic along TPE is horrendous i cant wait for the TPE/CTE interchange to be completed :cheers5:

Douk
26-07-13, 21:32
In early 2000, a friend rented 3 rm condo for less than 1500 in the suburb...

radha08
26-07-13, 21:45
In early 2000, a friend rented 3 rm condo for less than 1500 in the suburb...

that time spore was NOT united nations:doh:

draik
26-07-13, 22:08
The Sengkang hospital is due for completion in 2018 or later. There will be a lot of expat doctors and nurses.

LiveYoung
26-07-13, 23:12
I'm a tenant. To me, I will not consider renting a HDB/condo in suburban area that is not walking distance to MRT. Whether a condo or HDB doesn't matter much actually. I have frens who rent as well, mostly having the same thought as me when it comes to rent in suburban area. Therefore, I think those near MRT are pretty safe as they always got strong demand. When the market is down and tenant has more bargaining power because of oversupply, it's gonna be quite challenging to those development not near mrt.

Violinbite
26-07-13, 23:25
HDB not much difference as the new HDBs cannot be rented out mostly.

Private, not sure but many bought for own stay or upgrade. It depends also on what up graders do about their HDBs if they have. Will they sell or rent?

But even if they put up for rent, the negative effect is minimal because it's still tied to nation's rental prices.

I quite agree with above. The oversupply are NEW BTO flats. Who can buy these? It is not the foreigner pass holders but local citizens mainly, married or co-name mainly as well. They can't rent out their units for first five years at least for now. Only resale HDB and private apartments can be of rentals. The only play around the bush is that the older parents rent out their resale HDB and stayed with the children under the roof of the new BTO. But I doubt every members of the household share the same savvy mindset of property investment, otherwise, older folks with bigger units many rent out a room or so for some passive income aside from children contributions.

It is not a directly a supply and demand issue here, having so many policies by the government. Rental of the luxury residential sector will be more affected by economy downturn, with some high earners expats either pack up and go, or downgrade to mass market apartments; mass market condo downgrade to HDB perhaps. Bottom line to me is - can one accept multi-tenancy over a single big HDB unit; sharing part similar direction as HDB tenancy, mass market condos will probably depend much on location nearing to amenities and MRTs.

Imagine an investor has two mass market condos (even at 99-lease) very near MRT of major Hub + an average HDB unit not near MRT but with 3 bedrooms. I think he is going to perform better and have more flexibility of stay than, say, another who owns two freehold bungalows/apartments nowhere near MRTs and a HDB. Having these thought on economic downturn. (If near MRTs units can't be rented out easily, what about those not near MRTs/amenities?)

star
27-07-13, 01:23
Remember the newspaper said in 2030 the whole of Singapore will be walkable to mrt station in 8min or less. More new mrt stations will be coming in 2018 masterplan. The whole of Singapore. Property will cheong to the roof by then.

LaFiestaOwner
27-07-13, 07:26
Remember the newspaper said in 2030 the whole of Singapore will be walkable to mrt station in 8min or less. More new mrt stations will be coming in 2018 masterplan. The whole of Singapore. Property will cheong to the roof by then.

So when that happens and almost all the condos are next to MRT, what happens? I just wonder how long a property correction will last.

Violinbite
27-07-13, 07:37
I'm a tenant. To me, I will not consider renting a HDB/condo in suburban area that is not walking distance to MRT. Whether a condo or HDB doesn't matter much actually. I have frens who rent as well, mostly having the same thought as me when it comes to rent in suburban area. Therefore, I think those near MRT are pretty safe as they always got strong demand. When the market is down and tenant has more bargaining power because of oversupply, it's gonna be quite challenging to those development not near mrt.

Here is indeed a point about MRTs by a tenant. Though amenities and proximity to workplace and via transport system (buses and taxis) and rentals as a whole house or sub-renting the rooms is a consideration as well. Here are one example for consideration: Serangoon North Estate and say Baungkok. By comparison, Baungkok at current has not much amenities and buses apart from a MRT station, not particularly near industry work place. Whereas, Serangoon North has more than 10 major bus-route that some DIRECTLY goes to workplace without MRT. It is also only a few minutes ride or cycle distance to NEX. The estate is self-sufficient with 24-hr NTUC and market and many more. I do see this estate particularly attractive to tenants have a modest budget and knowing their workplace is still directly accessible by those buses. Some even cycle to work at the Ave 5/6 region.

Would you rent a room then Baungkok near MRT at premium of $700, or Serangoon North at $450-500, or maybe super ulu place at $200? Price now also a factor..

hyenergix
27-07-13, 07:51
Remember the newspaper said in 2030 the whole of Singapore will be walkable to mrt station in 8min or less. More new mrt stations will be coming in 2018 masterplan. The whole of Singapore. Property will cheong to the roof by then.

The MRT lines and road expansions are multi-billion investments. The more the money is pumped into infrastructure, the more property prices appreciate. All the costs are also increasing. As Iskandar grows, Singapore will be fighting with Malaysia for Malaysian workers and raw materials.

I don't think we will see sub $1000 psf condo launches anymore next year. $1500 psf could be the norm for new 2-bedders that are within 10 min walk from MRT station. I think this year to mid of next year is the window period for first timers to buy, beyond that prices are likely to resume climbing unless another measure kicks in.

The_Way_I_See_It
27-07-13, 09:02
Before the oversupply , it is already a tenants' market now. With the oversupply what do u think?

When there is overs supply of units, depression of rental price comes into play ...location of rentals unit comes into play, nearer town (work place n entertainment) , nearer MRT station close to town/ workplace (cheaper transport costs) , nearer amenities .,, then condo unit with full /better facilities (better value for rental money) ..

So there is a big crowd n queue of rentals ..but then this crowd n queue can also disappear .. also shrink as many are known to join-cohabit (stay together) in bigger rental units ..choose HDB instead of condo etc.

These rental folks are too smart for straight-thinking naive landlords of PC/Condos ...

Just my opinion.

The_Way_I_See_It
27-07-13, 09:35
The MRT lines and road expansions are multi-billion investments. The more the money is pumped into infrastructure, the more property prices appreciate. All the costs are also increasing. As Iskandar grows, Singapore will be fighting with Malaysia for Malaysian workers and raw materials.

I don't think we will see sub $1000 psf condo launches anymore next year. $1500 psf could be the norm for new 2-bedders that are within 10 min walk from MRT station. I think this year to mid of next year is the window period for first timers to buy, beyond that prices are likely to resume climbing unless another measure kicks in.

Funny thing.. the folks are here concerned about rental prices , you are talking something else ... sure inflationary measures like higher land costs, material, labour costs will jack up the buying psf of PC but rental is a function of rentals number subjected to the direct variables of DD and SS cum factoirs such as location, distance to mrt, amenties etc.

People who invest in PC better thinks hard of rental yields and how much rental can offset their super high psf. The 10% of overleverage are scared that they cannot find rentals to repay their 30/40 years mortgage.

During financial crisis days, many landlords in Orchard Condo have to pay rentals for their vacant unit for a number of years ... It is real and not imaginary ...:doh:

radha08
27-07-13, 09:36
Changi airport started with terminal 1 then 2 then 3 now 4 plus later on govt might announce plans for changi east to expand the aerospace industry so i believe seletar aerospace hub got a BRIGHT future SIA placed a MEGA order for engines recently and i believe order went to rolls royce who are at seletar aerospace hub this can only mean MORE AND MORE companies etc etc open shop at seletar aerospace hub and this will translate into a SPILLOVER into sengkang punggol and my DEAR Pasir Ris:cheers5:many many people going to need HOUSING

Kelonguni
27-07-13, 17:10
There might be some who are stuck in their views of CCR versus OCR.

We are a super interconnected system, and will get progressively so. Tides rise boats rise, and vice versa. It's quite simple, cannot think micro. Think macro.

When rental in one area too depressed, demand from elsewhere channeled over...


When there is overs supply of units, depression of rental price comes into play ...location of rentals unit comes into play, nearer town (work place n entertainment) , nearer MRT station close to town/ workplace (cheaper transport costs) , nearer amenities .,, then condo unit with full /better facilities (better value for rental money) ..

So there is a big crowd n queue of rentals ..but then this crowd n queue can also disappear .. also shrink as many are known to join-cohabit (stay together) in bigger rental units ..choose HDB instead of condo etc.

These rental folks are too smart for straight-thinking naive landlords of PC/Condos ...

Just my opinion.

DKSG
27-07-13, 19:18
Funny thing.. the folks are here concerned about rental prices , you are talking something else ... sure inflationary measures like higher land costs, material, labour costs will jack up the buying psf of PC but rental is a function of rentals number subjected to the direct variables of DD and SS cum factoirs such as location, distance to mrt, amenties etc.

People who invest in PC better thinks hard of rental yields and how much rental can offset their super high psf. The 10% of overleverage are scared that they cannot find rentals to repay their 30/40 years mortgage.

During financial crisis days, many landlords in Orchard Condo have to pay rentals for their vacant unit for a number of years ... It is real and not imaginary ...:doh:
This is a myth that has to be corrected.

At any point in time, when an expat comes to Singapore, even there is only ONE, they will prefer to stay near or at Orchard Road. The only thing stopping them is the price they have to pay.

So technically, most town PCs can get rented out, its just the price.

To rent out, they just need to match those of Newton Novena.

Some units are just not rented out by choice, most prime landlords with holding power prefer to leave the unit empty than to rent it cheaper than what they want - this is call the Rich Ego.

But the same cannot be said about OCRs PCs. Office Boy owned a OCR PC and in bad times like the 2003-2006 period, there are times the PC is vacant for 6 months! Just no tenants, because when the number of tenants is less than number of empty units, those in OCR tends to suffer the brunt of it.

Not many can understand.

DKSG

taggy
27-07-13, 19:31
This is a myth that has to be corrected.

At any point in time, when an expat comes to Singapore, even there is only ONE, they will prefer to stay near or at Orchard Road. The only thing stopping them is the price they have to pay.

So technically, most town PCs can get rented out, its just the price.

To rent out, they just need to match those of Newton Novena.

Some units are just not rented out by choice, most prime landlords with holding power prefer to leave the unit empty than to rent it cheaper than what they want - this is call the Rich Ego.

But the same cannot be said about OCRs PCs. Office Boy owned a OCR PC and in bad times like the 2003-2006 period, there are times the PC is vacant for 6 months! Just no tenants, because when the number of tenants is less than number of empty units, those in OCR tends to suffer the brunt of it.

Not many can understand.

DKSG
orchard lower to newton novena price... how about ocr lower to surrounding hdb price?

Kelonguni
27-07-13, 21:04
This is a myth that has to be corrected.

At any point in time, when an expat comes to Singapore, even there is only ONE, they will prefer to stay near or at Orchard Road. The only thing stopping them is the price they have to pay.

So technically, most town PCs can get rented out, its just the price.

To rent out, they just need to match those of Newton Novena.

Some units are just not rented out by choice, most prime landlords with holding power prefer to leave the unit empty than to rent it cheaper than what they want - this is call the Rich Ego.

But the same cannot be said about OCRs PCs. Office Boy owned a OCR PC and in bad times like the 2003-2006 period, there are times the PC is vacant for 6 months! Just no tenants, because when the number of tenants is less than number of empty units, those in OCR tends to suffer the brunt of it.

Not many can understand.

DKSG

Very valid of course if all conditions remain the same in 2015 as in 2003-2006. 2003-2006 rental market was almost absent. I know of people who rented landed semi D, 5BR for $1500 then. District D9 some more.

No more such deals. Even 2BR OCR HDB rental rate is around 1800 onwards.

pod
29-07-13, 11:23
TS, you heavily vested?
Hi,

I am not heavily vested. Was thinking of buying a pc in punggol vicinity thou.

Wanted to check at the ground level of ppty owners on their experiences of rental of their units at punggol thou.

Was kaypohing at my friends place few weeks back. He wanted to rent his hdb out, so i hopped along.

I was impressed with the tons of viewers at his flat. Alot of PR's enquired actually. So I got nothing to do, so kpo asked afew of them why they wanted to rent punggol? Afew of them mentioned the following reasons:

1) near their community of expat friends/colleagues
2) they kinda like the punggol watertown concept ( they say its quiet? wow.. i think they meant at night?):sleep:
3) they stayed at sengkang/hougang vicinity before and now wana try punggol
4) lastly i guess its the rental price. I tink punggol 'slightly' cheaper then sengkang?:D

mermaid
29-07-13, 11:47
With the large numbers of HDB completion/pte condos etc etc what do u guys think about the rental effect in Punggol or Sengkang area?

I am talking about next year onwards.

*esp if u personally own a ppty there, whether punggol or at sengkang . (doesnt matter hdb/pte condo etc)

I feel tat with supply more than demand, ocr rental will face a certain degree of downward pressure.

CCR will always be CCR.

Eh
29-07-13, 15:05
Hi,

I am not heavily vested. Was thinking of buying a pc in punggol vicinity thou.

Wanted to check at the ground level of ppty owners on their experiences of rental of their units at punggol thou.

Was kaypohing at my friends place few weeks back. He wanted to rent his hdb out, so i hopped along.

I was impressed with the tons of viewers at his flat. Alot of PR's enquired actually. So I got nothing to do, so kpo asked afew of them why they wanted to rent punggol? Afew of them mentioned the following reasons:

1) near their community of expat friends/colleagues
2) they kinda like the punggol watertown concept ( they say its quiet? wow.. i think they meant at night?):sleep:
3) they stayed at sengkang/hougang vicinity before and now wana try punggol
4) lastly i guess its the rental price. I tink punggol 'slightly' cheaper then sengkang?:D

I see. From what I understand, Indians from India prefer Punggol and Sengkang. Reasons are the flats are not that old and it is on purple line which can bring them to little india quite easily.

For point 3, I think its more like the rental price in Hougang and Sengkang have increased therefore they think Punggol will be cheaper :D

star
29-07-13, 17:28
Purple mrt line goes direct to chinatown and clarke quay too and no need to transfer.

pod
30-07-13, 13:20
I see. From what I understand, Indians from India prefer Punggol and Sengkang. Reasons are the flats are not that old and it is on purple line which can bring them to little india quite easily.

For point 3, I think its more like the rental price in Hougang and Sengkang have increased therefore they think Punggol will be cheaper :D

Hi,

Guess that could be the reason.

Cos punggol has been trailing sengkang rental by $100.00 per month consistently.

Eg. 5rm sengkang at $2.6k and punggol $2.5k pm.

:D

samsungtay
30-07-13, 14:02
I see. From what I understand, Indians from India prefer Punggol and Sengkang. Reasons are the flats are not that old and it is on purple line which can bring them to little india quite easily.

For point 3, I think its more like the rental price in Hougang and Sengkang have increased therefore they think Punggol will be cheaper :D

I rented to a Indian family at Sengkang. The guy travel half the time and work from home most of the time and wife not working. The reason he chosen SengKang because both kids study at Kovan - Indian International school.

Eh
30-07-13, 15:36
Hi,

Guess that could be the reason.

Cos punggol has been trailing sengkang rental by $100.00 per month consistently.

Eg. 5rm sengkang at $2.6k and punggol $2.5k pm.

:D

In future this may change with a new international school in punggol as well as foreigners working in selatar rolls royce looking at punggol for stay.

Eh
30-07-13, 15:39
I rented to a Indian family at Sengkang. The guy travel half the time and work from home most of the time and wife not working. The reason he chosen SengKang because both kids study at Kovan - Indian International school.

You mean dps international? Looks like your tenant is from IT industry. How much did you rent to the indian family? If its ok for you to reveal :D

pod
31-07-13, 11:44
I rented to a Indian family at Sengkang. The guy travel half the time and work from home most of the time and wife not working. The reason he chosen SengKang because both kids study at Kovan - Indian International school.

Wow... i really didnt even know that there is an Indian school in SK.

Thanks for the headsup. No wunder I observed alot of Indian nationalities in PG for the last few visits there.

phantom_opera
05-08-13, 14:32
With NV joining the rental market, rental in Livia for 900-1000sqft 2br already dropped below 3kpm

For those 700-800sqft 2br in NV, around 2.6-2.7kpm

Rental so far still holding strong at better locations

samsungtay
05-08-13, 22:39
You mean dps international? Looks like your tenant is from IT industry. How much did you rent to the indian family? If its ok for you to reveal :D

I rented $3500 for my 3 bedrooms EC turned PC in Rivervale.

Liverpool00
06-08-13, 00:26
district 19 is too big. Sengkang/Punggol/Buangkok should be one district by itself.

Hougang/Kovan/Serangoon can form another district

Eh
06-08-13, 11:55
I rented $3500 for my 3 bedrooms EC turned PC in Rivervale.

Thats good. Better hold tight tight. I know I will be holding on to my tenant tight tight :D

Violinbite
08-08-13, 10:26
Thats good. Better hold tight tight. I know I will be holding on to my tenant tight tight :D

Do you guys think government is giving singles a chance to own super-cheap 2-bedroom BTO in view some of these 'lucky ones' who got it, after 10 year MOP able to rent out while using their current time to save up for a second property? Imagine, $76000 after deducting grant of $60k only need to pay $16k. What is $16k? Is not even consider a sum enough to pay stamp duty for any private condo, yet they can just possess a flat with this small sum of cash, CPF deductible some more. Looks like HDB rentals will face more challenge from 5-10years time, if these singles make it to buy a second property in future.

Kelonguni
10-08-13, 23:43
Do you guys think government is giving singles a chance to own super-cheap 2-bedroom BTO in view some of these 'lucky ones' who got it, after 10 year MOP able to rent out while using their current time to save up for a second property? Imagine, $76000 after deducting grant of $60k only need to pay $16k. What is $16k? Is not even consider a sum enough to pay stamp duty for any private condo, yet they can just possess a flat with this small sum of cash, CPF deductible some more. Looks like HDB rentals will face more challenge from 5-10years time, if these singles make it to buy a second property in future.

It's only a small window I think. MND already claim that they will slow or stop building from 2015.

Eh
11-08-13, 16:04
Do you guys think government is giving singles a chance to own super-cheap 2-bedroom BTO in view some of these 'lucky ones' who got it, after 10 year MOP able to rent out while using their current time to save up for a second property? Imagine, $76000 after deducting grant of $60k only need to pay $16k. What is $16k? Is not even consider a sum enough to pay stamp duty for any private condo, yet they can just possess a flat with this small sum of cash, CPF deductible some more. Looks like HDB rentals will face more challenge from 5-10years time, if these singles make it to buy a second property in future.

I have no problem with government giving a chance to singles owning a houuse and make some money at the same time. As for Hdb rentals facing more challenges, I think it depends on the government"s policy. More foreigners working and ataying in singapore means rentals will always be in demand.

pod
19-08-13, 11:41
Once PLA moves their airbase.. no more Fighter Jet BoomZ BoomZ in punggol/sengkang liao?

lol

Eh
19-08-13, 13:47
Once PLA moves their airbase.. no more Fighter Jet BoomZ BoomZ in punggol/sengkang liao?

lol

When are they moving?

mermaid
19-08-13, 13:49
When are they moving?

only movable if pap still in reins :D

Eh
19-08-13, 13:58
only movable if pap still in reins :D

:D

Frankly speaking I don't think it will happen within the next 5 years. I will take it and be happy if it happen within 10 years but knowing pap most likely 20 years later.

mermaid
19-08-13, 14:06
:D

Frankly speaking I don't think it will happen within the next 5 years. I will take it and be happy if it happen within 10 years but knowing pap most likely 20 years later.

haha ... juz like yr boss tell u ... do yr best! slog for the coy! I will surely promote u in the future! :D :spliff2:

pod
27-08-13, 13:46
When are they moving?

Changi side the land is kosong now i suppose? so govt can tender out the construction work very fast i tink?

HDB move to tpy also pretty fast. Govt project its really up to them to move. But I wont be surprise if they speed things up cos I suspect that they hate PLA cos of so much restrictions to fly in n out with precision and also to b smacked in the middle of so much public housing.

10 years? lol... jus a guess.. But of cos the latest tune by ppty agents will proly be that to invest in paya lebar while the price is 'low'

Eh
27-08-13, 19:58
Changi side the land is kosong now i suppose? so govt can tender out the construction work very fast i tink?

HDB move to tpy also pretty fast. Govt project its really up to them to move. But I wont be surprise if they speed things up cos I suspect that they hate PLA cos of so much restrictions to fly in n out with precision and also to b smacked in the middle of so much public housing.

10 years? lol... jus a guess.. But of cos the latest tune by ppty agents will proly be that to invest in paya lebar while the price is 'low'

If it is really within 10 years then it is consider fast already.

pod
28-08-13, 09:46
Latest HDB ruling... (latest ruling new PRs cannot buy HDB resale within 3yrs)

I think rental market willbe very interesting...

If I am a new converted PR and I cant afford a private condo... I might likely rent long term for the next 3 years....

HDB rental very very very interesting.....

Congrats to all ppty owners... (both pte n hdb):D

yowetan
28-08-13, 09:53
I am a happy man.

I can rent all my three HDBs and stay in my Mt Sinai peacefully for next 3 years.