Launch a few ec sites in rcr and ccr lor....heheOriginally Posted by ysyap
DBSS at Sentosa after they've reviewed the DBSS this last month or two...
Exalted
Launch a few ec sites in rcr and ccr lor....heheDBSS at Sentosa after they've reviewed the DBSS this last month or two...
Senior
EC without income ceiling and pte property ownership limitation fornthe sandwiched locals. Comes with minimum 5 year MOP.
Junior
you guys very funny leh.. KBW needs to return back to Bhutan build temple liao....devil's post make sense but will it happen?
maybe release few plots near mrt with high plot ratio and @ high market price once the current phase of mad rush completed.
good to maintain the high price and sell the overstock ocr flats.... singaporean must be "realistic".
Newbie
Khaw's reply was in the context of foreign purchase of private condo. The most likely measure is lower LTV for foreigners lah.....copy HK style & politically popular also.....
Now he probably wants to study the LTV profile of foreign purchase in depth first before acting.
Exalted
prices nvr shoot up...no further CM yet...in fact many r expecting prices to drop
EU crisis bestest CM oredi
Junior
KBW should concentrate on HDB controlled property such as DBSS, BTO and EC as these already contributes to 80% of singaporeans dwelling needs ..pls leave the pte property market alone to market force!!!
Garmen should not yield to those who complain about pte property too high cannot own just like COE ....those are short sighted people, just think about it if pte property drops like what they want , what will happen to HDB flats, DBSS and EC and those who have bought them will not enjoy any price appreciation and bank default will come amidst other problems...
Price of property will go up as long as ecomony is good, and among other factors such as stable political env, size of country, population increase etc etc..
Junior
EU crisis if confirm comes and with full effect..rental will drop Eventually....location of property becomes important...
Exalted
eventually its the price tat u bot matter most!
Senior
Location of properties has always been very important... then will be more important!
Exalted
sell me a brandnew tengah condo at 300psf...i will grab a fewLocation of properties has always been very important... then will be more important!
Senior
Me too. U have any?sell me a brandnew tengah condo at 300psf...i will grab a few
Junior
People will still want to rent in ccr in a crisis at dirt cheap prices.
When all the properties at dirt cheap rentals get filled up in ccr, then people consider ever dirtier cheap rentals in rcr
By the time it gets to ocr, it super dirt cheap.... if you can still find a tenant....
Yes LOCATION still counts in a crisis
Senior
I heard the opposite experience, ccr no tenant. Ocr found a tenant real quick.
Valued Contributor
Nope. CCR rental is strong.
Valued Contributor
Yeah. Your claim is proven by URA data anyway. D1, D2, D9 rental are the strongest and highest - crisis or no crisis. Period. There is no argument about it. Of course, there will be people who say OCR rental is higher
Of course, CCR prices also highest at any point of time - Crisis or no crisis.
People will still want to rent in ccr in a crisis at dirt cheap prices.
When all the properties at dirt cheap rentals get filled up in ccr, then people consider ever dirtier cheap rentals in rcr
By the time it gets to ocr, it super dirt cheap.... if you can still find a tenant....
Yes LOCATION still counts in a crisis
Junior
yes, bro thomastansb is absolutely correct. I humbly owned a few CCR , RCR and OCR properties and so my own conclusion is this:
New CCR > new RCR = new OCR
15 years old CCR > new RCR BUT 15 years old CCR < new OCR ( ??? beats me too, for example D9 15 years old old 3 bedder is approx S$4000. In 5 years old OCR, it is S$4500 !!! )
new RCR = new OCR Rental ( Here also very strange... some OCR can be as far as Pasir Ris leh....hmmmmm )
old OCR < old RCR < old CCR rental
A new CCR 2 bedder in D9,10 or 11 can fetch S$7000 easily now. I am aiming it for S$10K because that is the rental of New York lesser district like Baltimore mah..
e.g here : but this is dropped liao leh:
http://www.propertyguru.com.sg/listi...-rent-the-metz
Exalted
Which project 2bdr can fetch 7k easily?
Junior
eventually its the price tat u bot matter most!
why so work up?
firstly, I not so black heart( I am afriad of karma)
secondly,my thought is if the cirsis happens, it may last a period of time with repercussions which no one can predict..at that time it will be challenging to find FTs who are portential tenants, let alone finding buyer to buy RESALE units, it will not be easy even NOW it is alrady difficult
Exalted
Am i work up?why so work up?
firstly, I not so black heart( I am afriad of karma)
secondly,my thought is if the cirsis happens, it may last a period of time with repercussions which no one can predict..at that time it will be challenging to find FTs who are portential tenants, let alone finding buyer to buy RESALE units, it will not be easy even NOW it is alrady difficult
To me location comes after entry px
300psf lim chu kang vs 3kpsf prime orchard....i will choose 300psf
Valued Contributor
Definitely. Price is always the first factor. Location, amenities, MRT etc are used to justify your price - to make you feel better.
Am i work up?
To me location comes after entry px
300psf lim chu kang vs 3kpsf prime orchard....i will choose 300psf
Junior
My friend bought a subsale condo opposite KK Hospital. What is this district no.? He rented out for only $4.4k for a 3 bedroom unit and it is about 16 storey high.
Exalted
Shd b d8?...Merlot? Mera spring?
Senior
Not bad rental, what's the profile of the tenant?
Senior
I thought it is quite low for a 3 bedder.
Senior
Go further out by another 10mins drive and the average would be around 4k. $400 of savings per month.I thought it is quite low for a 3 bedder.
Senior
Hope Singapore will not be like US current state:
Nevada has the highest unemployment of any US state at 13.4 percent, and housing prices have plunged 17 percent since the market burst four years ago, igniting the financial meltdown that sent the US economy into a nosedive.
"Nationwide, more than 10 million homeowners are underwater. That means they owe more than those houses are worth. And here in Las Vegas, the city hit hardest of all, almost the entire housing market is under severe stress," Obama said.
He acknowledged, however, that "the housing market won't be fully healed until the unemployment rate comes down and the inventory of homes on the market comes down."
The combination of high unemployment and falling home prices has fed on itself since the housing market began to plunge, putting millions of homeowners in default and stalling any recovery in the market.
Moody's predicts that foreclosures will rise next year to a record 1.5 million.
Senior
US economy and Singapore's is vastly different... any resemblances is but coincidence. Don't read too much. Singapore economy may reflect US' because it is partially dependent on US's economy but it will never duplicate US' economy.
Senior
Looking at what happen at Regent Residence with people balloting fiercely for units of 500k. It can be really scary when our economy deteriorates next year with retrenchment or a hike in interest rate. SOR is now catching up with SIBOR.US economy and Singapore's is vastly different... any resemblances is but coincidence. Don't read too much. Singapore economy may reflect US' because it is partially dependent on US's economy but it will never duplicate US' economy.
Junior
I heard that he is from Mauritius. He and his wife are working (something to do with banking and finance).
Senior
most likely middle management to be paying that sort of rental.
Posting Permissions
Reply With Quote