Act blurr har, PN ? . Woahahahhahahahahahahah
>$1000psf to buy, <$2 psf to rent. How can that be under value?Originally Posted by lajia
At the current price, it simply doesnt make any economic sense to invest in landed property for rental anymore and it might be better to be a tenant if you want to enjoy landed living as there are no shortage of supply in the market. Plus as competition heats up, average family size shrinking, desperate landed owner will be more willing to negotiate just to get someone to help pay their mortgage.
Aiya... They won't believe u one la, bro ringo33.Originally Posted by Ringo33
Hi. Give me a job if you are hiring. Thanks.Originally Posted by PN
NOPE. I mean u stayed near GALLOP LANE. Dun misunderstand hor... I dun use ip addressing I also not garment people hor.Originally Posted by PN
How to give u a job? whole day in the net reading CondoSingapore..Originally Posted by yowetan
landed >1000psf say price high then what about OCR condo >1200psf?? which one more worthwhile?Originally Posted by Ringo33
Here are the facts according to what I have gathered so far....
Used to own two landed but sold them and said he regretted it.
Now say no regret...got good price but price has been changed to bluff relatives who are after him to borrow money
On the other hand, now owns 1 nassim bungalow which was bought at a good price from a relative but hiddened in co name
Owns several condos
Now strongly advocates others to buy freehold CCR condos...
What do you think
Don't give me a big hat leh. My head too small to wear.Originally Posted by blackjack21trader
I'll be blinded wearing it. That's dangerous.
BTW, where is Gallop Lane?
What u think is an illusion. It is what u do that matters.Originally Posted by proper-t
What I would do in your position is to persuade more people to buy up more CCR condos so that i can rebalance my portfolio and try to sell off assets which are too heavily weighted at the moment....Originally Posted by blackjack21trader
My message is clear: BE Careful When buying landed. You have to think of who is the next buyer that will take your landed next time u wanna sell.
Originally Posted by proper-t
very smart...young man, you have a great future ahead of you
Kum sia...but not much future prospects. Am actually retiree with a bad back. Poor mobility...thats why spend all my time in front of computer visiting forum.....when up for it will get my 'chaffeur' to drive me to showflat or visit sites.Originally Posted by blackjack21trader
why arent you comparing OCR landed >1000psf vs OCR condo at 1000psf?Originally Posted by lajia
what i mean is if ppl still buying OCR at 1200psf, then to me landed at 1000psf is still ok. and for myself, think more worthwhile to go for landed.Originally Posted by Ringo33
of course there are landed which are much lesser than 1000psf and there are of course also OCR condo lesser than 1000psf... if the price is comparable in the same district, then, why not landed?
just my opinion.
I very junior, so don't mean to be smart. Just askingOriginally Posted by blackjack21trader
most unts are 1615sqft for inter terrace. Build up about 3000 sqft.
can buy ? For less then 2.5 mil reasonable ?
those you dscrible 1200 sounds like dome lelong units in happy ave. Build up 3000 sqft.
Originally Posted by lajia
I will still pick condo for investment purely because it is easier to find tenant, better yield, and lower maintenance cost.
Also finding buyer for landed property is also difficult because of the big quantum. For a $2 to 3m landed property (which is very ordinary terrace in obscure location) , a buyer with existing mortgage loan will have to pay $800k to $1.2m as down payment in cash or CPF, and this is excluding cost of renovation etc.
How many people you know have this kind of money or are willing to spend on a boxed up terrace with no land.
Originally Posted by Ringo33
This is my fear, u say it so well that I m now about to say it more clearly that there will be borderline buyers that over stretched themselves to buy landed.
Hahaha, pardon me, your fear is valid, but it could happen to CCR condo also, any type of property...Originally Posted by blackjack21trader
Now I'm beginning to feel that you are already biased in one direction, anyway good discussion
Ok, wrong frequency... I meant it more for own stay. Diff opinion. Some would buy condo, rent out condo and stay in hdb, but I think some will rather rent out hdb and enjoy their stay in the condo themselves...Originally Posted by Ringo33
as there will be borderline buyers who will overstretch to buy FH CCR condos (based on strong recommendation of the third-eye) instead of OCR condos EC or resale HDB....Originally Posted by blackjack21trader
Originally Posted by proper-t
Pls la.. I recommend ppl will listen meh... I m merely replicating what is happening in the market over here to share.
You have vision of the third eye mah plus own a big nassim bungalow + several condos, who dare to ignore the advice of BJ21 ?Originally Posted by blackjack21trader
Bro BJ21, you haven't answer my question leh.Originally Posted by PN
u know very well every plot in Nassim is different, you ask me this question to zoom in on me. u think i stupid meh...WOAHAHAHAHHAHAHHEHHEHHEHEHHEHOriginally Posted by PN
Last edited by blackjack21trader; 17-09-12 at 17:15. Reason: PN trying to locate me...woahahahahahah
next time u see someone that looks like my avatar coming out of the bungalow...that's me lor...hehehehehehehOriginally Posted by PN
but take note i no stupid hor.. i will know who is watching me from where hor..hehehehhehehe