Notice more foreigners are gaining PR and citizenship. Will this increase prime location hdb buyers pool? Foreigners will mostly buy invest grade PC near or city area condo so who are the future carrot head for mass market PC/EC?
Newbie
Notice more foreigners are gaining PR and citizenship. Will this increase prime location hdb buyers pool? Foreigners will mostly buy invest grade PC near or city area condo so who are the future carrot head for mass market PC/EC?
Newbie
Originally Posted by oops
since when did government reopen the flood gate for foreigners?
Senior
The gate is still open. 533,100 PR from now to 3 years going to buy HDB apartment.
http://www.singstat.gov.sg/publicati...t/mdsmar14.pdf
Ultimate Underdog
Some say these will become PR to support HDB. Others say these will only support PC in prime location. I say its all round support. We are getting PRs and foreigners at all levels. Moreover, for many OCR PCs or ECs it serves upgrading aspirations by locals.
There isn't a problem anywhere - cannot anyhow use the term carrothead.
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.
Newbie
Location location.
Ultimate Underdog
Location also means different things to different people. For e.g. best location for a retiree is different from singles from married couples with kids. It's just not the same thing.
If you ask the Chinese the whole of SG is just 1 location.
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.
Newbie
Wonder why newer flats are slashing price while older flat in prime location price still holding.
Global recession is coming....
As you said, the newer flats are in lousier OCR location which is over-priced in the first place..........
Wonder why newer flats are slashing price while older flat in prime location price still holding.
Ultimate Underdog
There are at least a few more angles to try to understand this.Wonder why newer flats are slashing price while older flat in prime location price still holding.
1. Larger supply versus smaller supply.
2. Lower entry point means lesser interests incurred means can afford to let go at lower price points.
3. Opting to live near parents in matured estates who tend to have entered at lower price points way earlier.
It's not that I don't subscribe to location at all. It's all about cost benefit analysis.
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.
Junior
The paradigm has shifted..... Today's location, location, location is different from yesteryears...
And by the way, please look at the ppi (property price index) over the pass 15 years in each location (CCR, RCR, OCR)... All the % increase and decreases are the same leh????
But in each region, some specific sites grow more than others...
HAHAHAHAHAHA
Tell me if rcr and OCR did not grow at same pace, % wise, as CCR???? Hahahahahaha
Newbie
The fact is price has narrowed. If there is any appreciation, prime location that has absorb the most demand will lead.
Junior
Singapore is now selecting higher quality foreigners... it is good for our country.. so I guess city centre will have higher demands....condo will have higher demand than hdb.. my 1 cent
May The Force Be With You...
You're beginning to sound like blackjack with all the hahahhahaha (less the big red fonts)
Has the animosity not subsided since the last sparring?
Ultimate Underdog
This sounds logical.
But do consider that prime prices are still out of reach of the average Joe.
Personally, will consider prime areas for investment and not for living. It's too much of a headache driving in such conditions plus ERP, and it can only get worse by 2030. I avoid Prime areas seven days a week if possible.
Even public transport is tricky in my opinion here.
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.
Ultimate Underdog
Actually many of the highly qualified PRs and foreigners I know prefer HDB near workplace. So personally I am not entirely convinced. To run the economy well we definitely need a distribution of different niches and different quality.
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.
Banned
When you say price has narrowed are you comparing the highest price of one region against lowest price of another region?
Perhaps a more accurate way to compare will be to compare the price band from different region.
e.g.
CCR could be $4000psf (highest) + $1400psf (lowest) / 2 = $2200psf
OCR could be $1900psf (highest) + $700psf (lowest) / 2 = $1300psf
Newbie
From my observation, you have finally shown positive interest in the property after quite sometime in negativity.
Possibly its a sign of market bottom in general
Junior
Double post
Last edited by chestnut; 19-04-14 at 10:51.
Junior
Domt scare me leh.... When the pessimistic become optimistic, I scared lehFrom my observation, you have finally shown positive interest in the property after quite sometime in negativity.
Possibly its a sign of market bottom in general
When everyone is optimistic, it's time for me to take cover....
I am always at ease when I see quite a fair bit of pessimistic people in the forum..... At least I know we have not reached the peak of the 'bubble'. Hahahaha
When everyone is optimistic, I believe we reached euphoria.
Junior
Dun worry, i m still pessimistic. I will inform you once i feel otherwise.Domt scare me leh.... When the pessimistic become optimistic, I scared leh
When everyone is optimistic, it's time for me to take cover....
I am always at ease when I see quite a fair bit of pessimistic people in the forum..... At least I know we have not reached the peak of the 'bubble'. Hahahaha
When everyone is optimistic, I believe we reached euphoria.
Junior
Ha im always optimistics... im a positive personp
Junior
Kum Sia.... You will be first warning defense....Dun worry, i m still pessimistic. I will inform you once i feel otherwise.
Junior
Read this if you are an optimistic personHa im always optimistics... im a positive person
http://voxxi.com/2013/04/12/optimist...affect-health/
Read this if you are a pessimist
http://voxxi.com/2013/04/12/optimist...affect-health/
Newbie
PR or not PR ... who want to be "carrot head"?
Newbie
I sense bro Minority's presence here..PR or not PR ... who want to be "carrot head"?
Senior
So far, all the expensive $1m HDB flats I know are bought by Singaporeas not PR, so my guess is that most PR will continue to buy affordable HDB in outskirt and mass market condo.
Any property in Singapore that offer good yield and capital appreciation are investment grades.
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Newbie
I agree that PR will go for PC/EC with $1m budget. Their reasoning is they still can keep the property when they lost their PR and they can use it as Passive income source in the future/their retirement.
Newbie
Newbie
Pawnshop , maxi-cash -> they might be potential white knights for these property types
Senior
looking for Muah?
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