Well said... TeeheeheeOriginally Posted by devilplate
Well said... TeeheeheeOriginally Posted by devilplate
Bedok Reservoir welcomes them.Originally Posted by DC33_2008
Bedok reservoir got so many life buoys, every 50 metre got one.Originally Posted by azeoprop
Don't think so. One of them was really desperate to buy back the option at 30 land psf. I kindly said no as I do not want him to take more losses next year.Originally Posted by DC33_2008
Based on the three fundamental issues of historical behaviour, we have argued that large residual demand and long-term population growth targets will likely support the housing market going forward. While our view is based on the assumption that the Singapore economy will remain fairly stable, should conditions worsen beyond that of a technical recession, we could expect the PPI to decline. We are, however, confident that the PPI would recover in the mid- to longer-term in line with the underlying fundamentals of residual demand and new immigration growth. The outlook beyond 2015 will then depend largely on the state’s immigration policy.
http://www.joneslanglasallesites.com...dential-market
What's the purpose of life buoys for those who are determined to end it all? For those who can't swim but want to save the drowning? In the end got two bodies instead of one?Originally Posted by buttercarp
So kind of u.....heheheOriginally Posted by bullman
did a get the VVIP discount for the BR?Originally Posted by bullman
Unlike other countries, singapore property market is still very much controlled by Govt and unique. We have the public housing (HDB) to form the buffer.
As one of them mentioned, how can pte property falls close to or below HDB prices. Govt cannot allow HDB to crash. It will affect 80% of the population. Hence there is a limit for the private property prices to drop. Geylang OKT may have eaten too much bear's meat recently.
If I am not wrong, it was mentioned 20% of the population live in private property. So 20% with high income and can afford pte property is not surprising.
To make more happy, EC is introduced for borderline cases. Again govt comes in. I dont think there are such thing in any other country.
The current problem we faced is more of HDB being pushed up too high that even the 80% cannot swallowed anymore and not so much of the 20% cannot afford Pte property. Just my thot.
If our govt have layed so many layers of "protection" , the ones who jump in blindly has only himself to blame. I cant imagine someone can still speculate with the 4 yrs SSD. Govt is telling u make sure you can hold 4 years before you buy.
Has there been a recession that last more than 4 years in the past?
Only a depression will cause market all hell break loose- possible?
Sellers remorse. It happens.Originally Posted by bullman
I managed to get the VVIP discount plus another small discount for the bulk buy with some bros from here who PMed me. The good news was that we did not need to queue up.Originally Posted by Laguna
That's definitely the case especially with the 17% discount given right after the announcement of CM5. After a week or so, he realised that the situation wasn't so bad after all.Originally Posted by kane
Currently waiting eagerly for CM6.
urs damn gd deal.....17% off mid 2010 valuation rite?Originally Posted by bullman
so power....u can actually flip for immediate gain if there is no ssd
Yes bro. That will be equivalent to buying at start 2010 price. Not a bad deal.Originally Posted by devilplate
Currently in consolidation mode and will be looking to buy and hold landed for long term (at least 10 years). Will be taking up long term fixed rates mortgage as well.
I remember seeing one 3+S around serangoon after CM4. Hesitated in pulling the trigger. Otherwise sitting very pretty now.Originally Posted by bullman
Ahhhh..... Life is full of regrets my friend. I shudder to think of the missed opportunities in the end 2008 to mid 2009 run up. I had limited resources, and faced with so many options. I learnt from it and realised that as long as the numbers stack up, one can commit.Originally Posted by kane
Lots of people are waiting on the sideline waiting to pounch when property market corrects. Wonder how many will really act or just NATO. Great opportunities are far and few. It boils down to guts.
...and lots of patienceOriginally Posted by DC33_2008
Yup! Good things must wait!Originally Posted by Komo
From my observation, most people just NATO. I remember that during start 2009. Icon was going at around 750 k per studio. Rental was at amazing $3500 to $4000. Thats nearly 6.5 -7 % rental yield at a time when interest was at historical low. In many cases, the 2 years rental lease were fresh and corporate. Still, many were waiting on sidelines, waiting for a fall to 2006 prices of $400k. What happened next is well known history.Originally Posted by DC33_2008
There are also a few who acted and went to max leverage, myself included; and not forgetting the Devil.
during tat early 09, Icon 1bdr rental ever drop to 2.8k......i saw the TAOriginally Posted by bullman
Icon not very goodie leh....
can get clift below 650k
Stop buying since early 2009. Looking for other investment opportunities.Originally Posted by devilplate
u mean early 2010?Originally Posted by DC33_2008
Yup. 2010.Originally Posted by devilplate
Yes that's true about the 2.8k rental. Sail rental was about 2.5-3.5k then. I am not advocating that Icon was best buy then, I was just using icon as an example that people tend to NATO and wait, even when the tenancy has already been confirmed for 2 years with a steady yield of 6.5% to 7%.Originally Posted by devilplate
I remember there were 2 clift units selling at at 1100-1200 psf at that time. A studio and a 2 BR. I was at the bank auction at Amara Hotel. I picked up a bigger unit in D9 and a landed. I remember a young guy bidded for the low floor studio, maybe its you?