I sense a mini revival in RCR and CCR.
I sense a mini revival in RCR and CCR.
Thought most experts quoted in mass media said CCR & OCR will drop quite a bit.
What is reviving? sales or prices?
Thanks everyone for the support! Find A Home Loan is Standard Chartered #1 broker in 2013.
bargain hunter has been so busy that i hardly have time to update the CCR thread and totally no time to update the monthly new sales thread. so............
bro, agree with you.... if drop 9% = equalization....
unit 1Mil drop 9% = 900k
900k X 1.1 (absd) = 990k
In fact cheaper by 10K... hahahahahahaha
OK.... time to relook...
thanks for the trigger to the thinking...
Cheers
I think I go look see look see again
been busy with stocks and bonds... hahahaha
The CCR rental market is really bad, esp with small units now appearing in the heartlands and new type of expats like to immerse in real local culture and not stuck in enclaves etc. So invest at one's own risk. I always believe must look at fundamentals (i.e. cash flows), not just anyhow chase "sentiments". In any case, sentiments is pretty subdued too. And new sales in CCR is pretty much dead - just budget buyers looking at resale. If new launch a slight premium can't move, it says a lot about "upside" of your resale.
a lot of people calling for tweaking of ABSD.
what happens if ABSD remains as it is for the next 5 years, so will it be wise to still invest?
If interest remains relatively low <2%, think ABSD impact will not be much bec rental yield will still be better than keeping extra cash in the bank and inflation protection
some people think it is a good time to look at ppty now bec some of the good location units are becoming more negotiable, where as in a hot market, have a pay a huge premium
I don't think ABSD will be tweaked.
CCR will remain low for a while..... SG is already one of the most most expensive cities to live in.
With the tightening of foreigners in SG, this will push them to the suburbs to rent/ live at least until next GE, before deciding on what to tweak.
Government will prop up/hold firm the OCR vacancies first before allowing the most expensive properties to fly.
Gap has to be closed by firming up OCR while CCR, RCR to ease....
Market has cooled and we will see CMI agents quitting to look for full-time careers, jobs which other sectors are complaining manpower shortage.
Once all these are in place, CCR, RCR will be allowed to rise.
The economy can't function without the middle class stabilizing to support the lofty ambitions of rich.
Buyers are cheonging to commonwealth towers.
If ABSD is removed today and tomorrow sellers and developers increased price by 5% to 10%, isn't it the same back to the origin. LOL.
Hah? Is it govt's job to prop up/hold firm OCR vacancies?
Let's put it this way,rental properties always get filled up from CCR outwards to OCR. So, asking govt to hold firm OCR vacancies means have to fill up CCR vacancies first. As of now, I heard many people's private properties for rental in OCR (e.g. Sengkang, Punggol etc private properties) got nobody interested! You better ask govt to relax foreigners intake policy! (And, I have no problem getting several offers for my CCR rental properties).
As to your the other statement: "The economy can't function without the middle class stabilizing to support the lofty ambitions of rich.",
this is like telling us that there can't be multi-millionaires and billionaires (lofty ambitions of rich) in SG until the middle class become rich enough? How rich do you need the middle class to be?
Perhaps you are still living in the past.
Problem with CCR is the lack of amenities and international school and CCR being such a big area, many people forget that not all CCR is prime, and obviously you can see that from the low rental yield.
When expat family come to Singapore, its usually the location of the school transport hub etc that determine where they live no the district number
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Decentralizing has been happening....
Tampines and Changi Business Park was successful and they are replicating it all over Singapore.
Government must make the decentralized model succeed otherwise there is NO WAY the infrastructure in CBD, CCR, RCR can accommodate the stress with everyone squeezing in it.
Until these decentralized nodes are in stable condition, i.e. well populated with proper jobs and industries supporting........
Prime Grade A rents for offices are rising..... but why aren't residential units picking up?
Because it's way too expensive..... US, Europe got to recover until they got money to increase these foreigners salaries to hold up the CCR, RCR markets......
Meanwhile, government will need to hold and ensure OCR units are well-populated..... They are halting the developers by slapping them with all the Stamp Duties to slow them down..... else the oversupply will get out of hand..... which already is but the worst effects are diluted.....
Sorry all哥哥姐姐们 can I ask a stupid question please?
why the garmen only give free train ride in the morning for mrt stations in the cbd area
why they never give free mrt ride to west, east and north area
Siao liao... So long as CCR or OCR is performing, sure will trigger JDL defender again. His mouth yanks like the O in his nick again here
There are gems coming up of CCR, just look at The sail and discount on V at Shenton, worth to have a look.
He still has not answered what are the benefits that HSR bring to London-Paris and are those benefits replicable to Singapore.
Hey kid, stop stirring in this thread and go google knowledge and share with your kampung kids
"How to make a fool useful for your properties? Let him continue to blow up Jurong prices and all other areas will keep up"
Hi government, if you are reading this thread.... please slap hard on those who own multiple properties in CCR.
Tax them higher since they are confident of renting out their units and more so when its the billionaires that are buying..... they won't feel a pinch.....
Taxation of multiple properties should be higher if it exceeds two units, i.e. like double of the 1st and 2nd.
Starting from Boon Keng.
fact is, government needs to keep OCR affordable for everyone but they have no obligation to do so for RCR and CCR.
there's an oversupply situation in CCR now, due to the 2007 boom. however, given the poor sales numbers since 2011 for CCR, that situation is being digested.
RCR, feels like only Geylang is facing an oversupply situation in the future.
OCR was undersupplied for years after 2007. However, the bulk of the completions from 2015 onwards is in OCR.