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Thread: Agent that speak the truth?

  1. #1
    Join Date
    Apr 2010
    Posts
    15,307

    Default Agent that speak the truth?

    http://www.h88.com.sg/article/PropNe...rty+Expo+2011/

    Here's a quick summary of what he spoke about:


    Market situation
    • The recent aggressive bidding for land by developers means the costs will eventually be borne by the buyers. There will be a significant mark-up. Keep that in mind when you buy newly launched condos.
    • Consider carefully when you buy 'shoebox' or compact units. There is a limit to the rents you can charge, the capital appreciation is limited and there will be a lot of such units coming online in the next two years. How the market will react to such a large supply is unknown.
    • Because of seller's stamp duty (lasting up to 4 years from date of purchase), current buyers have the ability to hold on to their units even if there is another global financial crisis. Hence, it is unlikely that prices of units will see a drastic 2008-like fall when speculators dumped their units to recoup their losses.
    • Looking at the numbers, he feels the mass market segment is 'over-excited'.
    • No need to always look at new launches. Resale units can be better. He cites the Hillview area in Upper Bukit Timah as an example. There are plenty of 999-year, freehold resale condos near the upcoming MRT stations priced lower than newly launched condos in the same area.
    HDB Market
    • For HDB, the prices are at an all-time high. If you are looking to upgrade (to DBSS, EC or Condo) now is the best time to do so.
    • He thinks HDB prices and COV cannot go any higher because of the upcoming General Elections as housing prices are a sensitive election issue.
    • He believes COV will hover around the $20k-$28k in the near future.
    Landed Homes
    • Consider buying landed homes. They are comparable in price to some new condos and have a lower price per square foot. Dollar for dollar, landed homes provide better value - you get a garden, bigger space and the lease is 999-year or freehold.
    • Landed homes will always be in demand as they are a decreasing commodity. Even new land released by the Govt for landed homes are 99-year leasehold sites.
    • Expats love landed homes.
    Do your research and be logical
    • Always do your homework, be rational and logical. Do not buy based on emotions.
    • Always look at the basic fundamentals like location, etc.
    • Always think mid- to long- term when investing in property. He cautions against short-term investments.
    • And be prepared to wait, property investing is not for folks who want a quick buck.

  2. #2
    Join Date
    Jan 2009
    Posts
    372

    Default

    the truthful agent ?? might be a dying or death one..

  3. #3
    Join Date
    Jul 2010
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    2,890

    Default

    Agent must report to agent boss. Agent boss must report to developer rep. Developer rep must report to developer boss. Developer boss must report to share holders. Share holders must report to their significant life partner. This piece is written by significant life partner lah.

  4. #4
    Join Date
    Nov 2008
    Posts
    8,013

    Default

    Quote Originally Posted by kingkong1984
    Agent must report to agent boss. Agent boss must report to developer rep. Developer rep must report to developer boss. Developer boss must report to share holders. Share holders must report to their significant life partner. This piece is written by significant life partner lah.
    Nice one...
    Such occasions when the media is present to capture what was spoken and with such large audience to scrutinize content, it must be very unbiased. But when it's one to one agent to potential buyer, it will then be a totally different story.

  5. #5
    Join Date
    Aug 2009
    Posts
    2,988

    Default

    Quote Originally Posted by kingkong1984
    ...Developer boss must report to share holders..
    since when a boss needs to report to share holders ?

  6. #6
    Join Date
    Jul 2010
    Posts
    2,890

    Default

    Quote Originally Posted by amk
    since when a boss needs to report to share holders ?
    haha ok boss..

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