just like the olympics got many different type of race 100m 200m 400m 5km 10km....just run your own race and aim for your own finish line...if we try to run to many races we might injure ourselvesOriginally Posted by ekl2ekl2
just like the olympics got many different type of race 100m 200m 400m 5km 10km....just run your own race and aim for your own finish line...if we try to run to many races we might injure ourselvesOriginally Posted by ekl2ekl2
I know of many people who are in early 40s, paid up for their PC liao. Then they bot another 1 for investment. They then tell me no vit m for another unit, I told them, you should have refinance your staying pc and then hoot 1 more. Now quite siong because of 40% down payment. S many missed the boat.Originally Posted by ekl2ekl2
Planning very important. I also know of people who sold their 2nd unit and waiting for price to drop and now too late to get in.
I have many friends are like that, dare not take any risk.Originally Posted by chestnut
Take equity term loan : too high risk
Buy another property : too expensive, market will crash
Got money, say no money
Well, I took stock of my advice. I asked many friends to buy in 2006, 2009, 2010...and so far, only 4 took my words, out of at least 100 I had asked.
All those years you mentioned, and 2011 I bot 2. This year sold 1 at gardens at bishan after holding 2 yrs. made > 300k. This one pure speculation.Originally Posted by Laguna
Anyway, Laguna, know about the borrowing part liao - so no need to explain. I spoke w my lawyer. Haha. U quite smart hor.
My lawyer now checking for me on trustee for my kids. Haha
I am also liddat .Originally Posted by Laguna
Very kiasi one.
That's how I can sleep well at night .
When I buy property for investment, I must take into account the fact that I must be able to afford keeping it even though there is no tenant.
Good thing that I bought two during late 2008 and mid 2009 when market corrects. But nwver believe in equity loan. Happy with yield & 1% mortgage interest. Waiting for correction therefore did not buy any local property since then.
Not mine. ParentsOriginally Posted by Lovelle
I only owned a EC Penthouse.
Lol.. walau.. *gulp*.... We live so near.. just go Katong Mall and have coffee will do :>Originally Posted by Laguna
But not so soon.. I am now keyboard warrior because I need to look after the baby.
Ii'm one of them.. Missed the boat big time..Originally Posted by Laguna
congrAts !!!Originally Posted by focus
Alr father, work harder and earn more money
one more mouth to feed
Finally visit the showflat, 6mins walk to mrt downhill, sweat in humidity so Optima and Fragrance one will have better rental but Eco will be better for self stay simply because no track noise + 1km to Temasek primary
300+ units sold, u can feel dark side of the force and temptation to buy with agents of Empire in control ... there are NOT ENOUGH SEATS for buyers
Laguna shrew investor made the right choice, only his tower and town house worth buying, the rest either face each other with 20m Blk to Blk distance or ugly bedok court
The 549st study is so bloody small that it is good for dressing only
The 581 to 603st study also can barely fit single bed
Soho layout sucks u open door u see kitchen and toilet
581st 1+s from about 750k i.e. 1300psf
Last edited by phantom_opera; 23-09-12 at 19:56.
Ride at your own risk !!!
the crowd is ALL OUT to join the dark side
Ride at your own risk !!!
Ya ya... Stressed now.. Have to earn more money to send kid to preschool and pri and sec and uni. Hope my girl turns out to be like your girl!Originally Posted by Laguna
welcome to fatherhood, enjoy your honeymoon b4 primary schoolOriginally Posted by focus
Ride at your own risk !!!
Bro, I super under leverage. The 2 unit I bot in 2011 was with 40 % down. So very positive cash flow. Now I holding a lot of cash.Originally Posted by DC33_2008
Anyway, will disappear for a while. Next wk onwards, quite busy.
Gone are the years (2004-2007) where many went round flipping with great profits.Originally Posted by chestnut
But very surprised that prices still rising since 2011, with only a short breater in early 2012.
Sometimes, seasoned players succeed bec they have good gut-feeling like some of you here. Of course some armed with extensive research and monitoring.
In early 2009, went around looking at properties but no guts to buy. Remembered a very experienced agent telling me that his gut feel was that prices touching bottom right then and will rebound upwards very rapidly.
This was so different from all the advice I read from analysts in the papers and reviews. In the end thought all those analysts were likely to be correct and landed not buying
Two years later in early 2011, so many analysts warned that prices have peaked/peaking. Dared not buy but the climb continued unbated.
Now in late 2012, one sees so many people still buying like no tomorrow.
Thought prices may fluctuate only a few %, but now even most forumers here think prices likely going up and up. Very frightening
i suggest everyone here go to ECO during weekends to take a look to feel the new market pulse
Ride at your own risk !!!
I have downpayment of 30% for the last two purchases. My other properties have been fully paid up with the help of rental income. Have been accumulating cash again for downturn if returns.Originally Posted by chestnut
Goody. For me, my total housing loan is < 3 x annual house hold income. Now you know what I mean by I am totally under leveraged.Originally Posted by DC33_2008
The new property I sourcing for is purely for rental. Made enough on capital. Getting ready for retirement. If got capital gain, then bonus,.
Bought one unit in 2007 (resale 99LH fringe D10) because we thought one of our FH D10 properties would be en-bloc (never happened, still holding).Originally Posted by Laguna
Bought one unit in 2010 Aug (resale FH RCR) for own stay. Shortly after we signed OTP, there was major coolling measure announced.
Bought one MM unit in 2011 Dec (BUC 99LH OCR). Shortly after CM announced again.
My agent was trying to persuade me to dispose the unit bought in 2007 last year but after ABSD introduced, we decided not to do so as we would not be able to buy another property without ABSD.
Hi focus, welcome to motherhood as uncle carb in another thread has pointed out!Originally Posted by focus
Not sure why you have sold your property recently. Have kept these two properties as they have been between 40% and 80% capital appreciation as they have potential to increase further due to location, upcoming mrt and new amenities nearby, Would realise profit if these attributes are absent. You are certainly underleveraged. I am about 4 times annual household income.Originally Posted by chestnut
Can go to Sky Habitat for the feel?Originally Posted by phantom_opera
I have sent you a pmOriginally Posted by DC33_2008
Guess I also underleveraged but I feel more secure this way leh... but now building up my bullets again... waiting for 2015 and hoping Mr B would be right...Originally Posted by DC33_2008
what if market stays flat or up 50psf per year for a long long time.. when would u guys act to buy another?
Ride at your own risk !!!
Was at showflat just now.
Early bird discount of 1% withdrawn at 5:30pm today.
Was quoted tower G 3 bdrm condo 1270 sf @ List px $2,079,870.
After project discount of 9%, early bird discount 1%, HDB address 2% = 12% @ $1,830,285
Or $1,441 psf!
I checked the meaning of SHREW in Chinese, and return withOriginally Posted by phantom_opera
泼妇,悍妇,河东狮 and 母夜叉....ooops....is that what u meant????
Next heat is at Kovan RegencyOriginally Posted by phantom_opera
I was told it is around $1400....
I believed Tower G was just released. What I see, there are two adjustments made. One is the dropping of discount rate and one is the upward adjustment of the listed price.Originally Posted by Khng8
Now the discount is 9% for buyers without HDB address and any other discounts, and it works out $1490psf. I think this is the correct price for FEO to market this project, as the price should be higher than Optima and Casa Merah.
Fragence will be marketed around this price of $1400 as well.