Originally Posted by hopeful
i think he was referring to the MOP 4 yrs period from 2011 till 2015. this project launched this year .. so 2011+4=2015 .. to satisfy the 4yrs mop.
Newbie
i think he was referring to the MOP 4 yrs period from 2011 till 2015. this project launched this year .. so 2011+4=2015 .. to satisfy the 4yrs mop.
Junior
no lah, he was crowing about making 100% profit in 4 years in a particular project. he definitely was not refering to suites@paya lebar.
Exalted
its possible.....in early 07, ocr is still dirt cheap
even one leicester rcr is selling for 6xxpsf only
Newbie
oh maybe i read wrongly. thg i dont have the details, lik devilplate said ..i also think its possible ..depends on timing. damnt if only i knew the right time
Newbie
the psf of this project is quite high as it consists of mainlt studios and one bedder, and its freehold. when i see other new projects coming up like parc vera etc with 700+ psf, i felt ripped off as my psf is almost twice of that!
Newbie
Stop cursing me....haha. Mr Agent, u never let anythng get u down. lol. well lets wait and see hows the estate mkt like next year when the project top. anyway, i m not too concerned abt rental yield etc as i will likely stay there so any gain or loss on property value will be just on paper. of coz in the long term esp after the 4yrs mop, i will be very concerned abt the overall mkt and the project value la. yes, if i stay in the unit, there is opportunity cost (loss of rental income) which will not be too high becoz if by then, rental is high and i choose to rent it out instead, i will be paying high rent for my rented place as well (assume rental movememtn is consistent across private/hdb). anw not just the financial aspect ..i guess generally ppl like to own things ..esp a place where u are spending long period of time in. and if choose to rent out, u gonna make sure u find good tenants and not "terrorist" tenants who damage and bash up yor place or make life difficult for the landlord. hope u will find a well behaved and quality tenant for your unit!!!!
and btw, I wish i am an agent because they are freaking rich right now, but i'm NOT....
Newbie
Evil.....y no confident to tell me?
Newbie
Let'es take it this way like what devilplate said....our price will be low compared to 4-5years time ok????
I never thought the property I bought 4 years ago could double!!!!!
Junior
Not every day is a sunshine day. If you ride thru the wave then maybe will be more conservative.Let'es take it this way like what devilplate said....our price will be low compared to 4-5years time ok????
I never thought the property I bought 4 years ago could double!!!!!
U just bou and confident it will double in 4 years time?I am not that confident but happy if it happens. KBW maynot be too happy to read your post.
erm........if every year psf price adjust 10% up I am most happy. Buy property to curb inflation & cap preservation if you have extra cash.
Senior
If I'm a buyer, I'd love property prices to fall. If I'm selling, I'd naturally love property prices to double. If I have the option of either buy or sell now, with holding power, then I wouldn't mind which ever way the economy goes. However, even if I have the option, I somehow still how for prices to go up so I can cash in first before my next purchase!
Newbie
Haa. its always good to expect the worst and be prepared for the worst case scenario. Always have a plan B or make sure you can stomach every ounce of pain made possible by your decisionNot every day is a sunshine day. If you ride thru the wave then maybe will be more conservative.
U just bou and confident it will double in 4 years time?
erm........if every year psf price adjust 10% up I am most happy. Buy property to curb inflation & cap preservation if you have extra cash.
Newbie
not all are. Too many of them, probably lesser now they are required to take exam and license. only a small top tier is making tons of moneyStop cursing me....
and btw, I wish i am an agent because they are freaking rich right now, but i'm NOT....
Senior
The top tier are making an obscene amount of money. The average ones are easily taking home $100k to $200k a year. That is still a lot for the average Singaporean.
Exalted
den u go join laThe top tier are making an obscene amount of money. The average ones are easily taking home $100k to $200k a year. That is still a lot for the average Singaporean.
Senior
Thinking thinking thinking but no guts and probably too lazy to get out of my comfort zone!!! More importantly, I'm not wiling to invest my nights into work when my family is at home.den u go join la
Exalted
if so easy to make big bucks...no nid to study so hard.....finish O level den go become agts liaoThinking thinking thinking but no guts and probably too lazy to get out of my comfort zone!!! More importantly, I'm not wiling to invest my nights into work when my family is at home.
Senior
Lousy agents will not last more than 2 years in the industry coz words will get around about his/her working ethics. To be agent also must have high EQ. Yes, no need to study to hard and still can earn big bucks...
Exalted
yes den dun waste time enrolling ur kids for top notch schools.....Lousy agents will not last more than 2 years in the industry coz words will get around about his/her working ethics. To be agent also must have high EQ. Yes, no need to study to hard and still can earn big bucks...
just nid to brush up EQ and speak well gd enuff
Senior
Cannot agree more! But my parents will kill me if I don't enroll them in good schools so still cannot leh!yes den dun waste time enrolling ur kids for top notch schools.....
just nid to brush up EQ and speak well gd enuff
Newbie
i m not too sure on that. the top tier no dispute, but average making min 100k easily? dats >8K a mth.. no question some agents making that kinda $$ but i dont think dats the median pay for agents. look at the supply of agents, economics tell us with abundant supply and relatively low barrier to entry (no need degree), the price tag becomes lower and lower as more join the industry.The top tier are making an obscene amount of money. The average ones are easily taking home $100k to $200k a year. That is still a lot for the average Singaporean.
Newbie
mean no disrespect to the profession but i m nt dat optimistic abt future of agents. after all they are just intermediaries and someday once there is a perfect way for sellers (developer) and buyers to reach an equilibirium in which what is supplied is demanded, disintermediation can be achieved and so called middle man cut ....Cannot agree more! But my parents will kill me if I don't enroll them in good schools so still cannot leh!
Senior
Ideal world... there are actually many jobs today which are redundant but employers chose to have them... these jobs include a third maid at home when two is enough, a chauffeur when you can drive, a personal secretary when you don't need one, etc. Not so easy lah...
Newbie
true la, but their pay is likely to be depressed, not those 100K per annum type
Senior
I for one certainly hope that this profession of agents gets more professional. Imagine for an investor, each time he/she invests in a property, the unassuming agents get paid. If all are honest and hardworking, then no problem but I've come accross many who are dishonest and tell you things which are nothing more than a fable. So irritating and to think that I have to pay them in order to invest...
Actually I've tried to do everything without going through the agent and I think it's possible if one has the time to spend. Not easy but possible!
Camper
The day will come when ppty agents aren't paid by X% of selling price but a flat rate of $X for each transaction. Or when it becomes even easier for us to do it electronically without them on iPad.
Yee ha! Did I tickle your funny bone?
Newbie
Actually, we don't really need them leh....just pass the cheque immediately to the developer can already what. Developer just need to negotiate with us, that will save him a lot of money...The day will come when ppty agents aren't paid by X% of selling price but a flat rate of $X for each transaction. Or when it becomes even easier for us to do it electronically without them on iPad.
Senior
Provided you have your own bankers and lawyers too. That is when you are buying. But the game changes drastically when you are selling or when you are looking to rent... then that requires a lot more time and effort!Actually, we don't really need them leh....just pass the cheque immediately to the developer can already what. Developer just need to negotiate with us, that will save him a lot of money...
Exalted
Cfm nid agt to sell one la....
Try selling urself if u tink so easy....
Even agts nid to engage other agts to sell their hse....
Newbie
Are you an agent?....
Senior
Good to let people make some $$.
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