Where do you think property prices are heading?

[gfoo]

Where do you think property prices are heading? You can choose more than one answer - all poll choices are hidden to all, not even the moderator can see, so be truthful pls.

[paul phua]

UP and up because we are staying in the small red dot.

[focus]

I vote liao!

I say:-
1) Mass will stabilised well supported by the HDBs.
2) Prime will move soon and extend its price gap with mass

[gfoo]

I vote liao!

I say:-
1) Mass will stabilised well supported by the HDBs.
2) Prime will move soon and extend its price gap with mass

wah you very bullish hor. I created poll so i won't vote, wanna do a dipstick on sentiments. as long as pple honest, this poll should give a good representation

[bargain hunter]

a bit tricky for the prime. only can choose prime will crash to 1Q 2009 or dip a little. i feel won't crash to 1Q 2009 but may dip a little more than a little. but in the end still voted prime will dip a little then move up.

[gfoo]

the bulls are leading

[kane]

prime correct a bit, mass under 1k psf to stabilise. those above 1k psf... hmmm...

[august]

my vote:

HDB to stabilise
Mass and Prime to stagnate

[silver023]

Not being biased, but many buyers of private property I see are still upgraders and young couples who are going to marry, as well as foreigners who think rental too high.

So I vote prices will go up steadily, with HDB as backbone.

[gfoo]

The people have voted! As it stands, the two strongest beliefs in this forum are that:

Mass is supported by buoyant HDB market, will stabilize & increase slowly but steadily; and that HDB prices will continue to rise, but stabilize at some point in the future.

Everyone is so bullish!

[jlrx]

The people have voted! As it stands, the two strongest beliefs in this forum are that:

Mass is supported by buoyant HDB market, will stabilize & increase slowly but steadily; and that HDB prices will continue to rise, but stabilize at some point in the future.

Everyone is so bullish!

HDB will continue rising for a very simple reason: no supply.

When a buyer wants a flat in Toa Payoh, the government offers a flat in Punggol and prices it at Toa Payoh.

When a buyer wants a flat in Clementi, the government offers a flat in Punggol and prices it at Clementi.

When a buyer wants a flat in Ang Mo Kio, the government offers a flat in Punggol and prices it at Ang Mo Kio.

When a buyer wants a flat in Tampines, the government offers a flat in Punggol and prices it at Tampines.

When a buyer wants a flat in Marine Parade, the government offers a flat in Punggol and prices it at Marine Parade but Ah Por and Ah Pak below "won't want to move out" even if "offered $1 million today".

The Straits Times

Scenic drive

HDB flats with great views are in hot demand.

Tay Suan Chiang

Sat, Jun 23, 2007



Madam Yeo Wee Geck on her 20th-storey Marine Parade unit. She can catch the sunrise as well as enjoy the sea view from her flat.

Mr Chris Koh, director of Dennis Wee Properties, says prices for private properties have soared over the past year due to the influx of investment from foreigners and buyers' confidence in the Singapore economy.

And that has also boosted the demand for HDB flats in good locations and on higher floors.

He cites the example of a five-room HDB flat in Marine Parade that has unblocked views of the sea. He says that, three years ago, it would have fetched about $350,000.

"A year ago, it could sell for $400,000. Today, buyers are willing to pay $500,000," he says.

But even though their flat may now fetch a higher price, some home owners are unwilling to sell.

Housewife Yeo Wee Geck, 85, is one. The grandmother of six lives with her only daughter and their maid in a five-room HDB flat in Marine Parade. She bought the 20th-storey unit in the early 1970s for $30,000.

She gets to watch the sun rise from her flat, as well as enjoy views of East Coast Park and the sea. "It is so breezy here. I won't move out," she says.



Block 29 Marine Crescent. RETIREE P.R. Sharma, 81, has a view from his 20th-storey flat that many Singaporeans would envy.

His five-room HDB point-block flat overlooks East Coast Park and the city skyline in the distance. He can even see the sea from a side window and from the bedroom and living room.

He gets to enjoy the sunrise from his flat, watch planes land and take off from nearby Changi airport and count the number of tankers dotting the sea off East Coast Park.

He paid $35,500 for the flat in 1974, and says he was offered about $900,000 for it nearly 20 years ago. Property agents say the current selling rate for such a flat is $500,000.

He adds that even if he was offered $1million today, he would not sell it. He gets about three flyers a day from agents looking for sellers but he throws them in the bin without even looking at them.

[devilplate]

but there r many others who willing to sell

[maisonjai]

Punggol oversubscribe by 12 times as of now, so the buyers are accepting the ‘subsidized housing’ at this price level. Location in the North, prices are also heading North, so HDB how to dip leh?

[devilplate]

got cheaper by 100k bto ppl simply dun bother..
BTO prices too cheapppppppppppp

[chanys]

He paid $35,500 for the flat in 1974, and says he was offered about $900,000 for it nearly 20 years ago. Property agents say the current selling rate for such a flat is $500,000.

Is that a typo??

[kane]

Punggol oversubscribe by 12 times as of now, so the buyers are accepting the ‘subsidized housing’ at this price level. Location in the North, prices are also heading North, so HDB how to dip leh?

the draw of "waterfront" living. i think the main draw should be it's proximity to the mrt station. if i was looking for my first house, i would have subscribed for that project. the stacking reminds me a little of interlace. ha.

[devilplate]

the draw of "waterfront" living. i think the main draw should be it's proximity to the mrt station. if i was looking for my first house, i would have subscribed for that project. the stacking reminds me a little of interlace. ha.

but the problem : ppl complain bto not affordable...and yet they choose to ballot for a flat which cost 100k more den another bto project. tat goes to show how affordable BTO is.

so to those who keep saying housing not affordable...simply LOSERSSSSSSS ....hahaha

[bargain hunter]

when i saw a picture of the model, the first thing that popped up on my mind was also interlace and its courtyards...

the draw of "waterfront" living. i think the main draw should be it's proximity to the mrt station. if i was looking for my first house, i would have subscribed for that project. the stacking reminds me a little of interlace. ha.

[bargain hunter]

there most definitely is still affordable housing available, just less desirable that's all.

but the problem : ppl complain bto not affordable...and yet they choose to ballot for a flat which cost 100k more den another bto project. tat goes to show how affordable BTO is.

so to those who keep saying housing not affordable...simply LOSERSSSSSSS ....hahaha

[kane]

but the problem : ppl complain bto not affordable...and yet they choose to ballot for a flat which cost 100k more den another bto project. tat goes to show how affordable BTO is.

so to those who keep saying housing not affordable...simply LOSERSSSSSSS ....hahaha

400+k still affordable lah, 10 years ago, punggol exec flats were going for about $350k, so the climb isn't as steep. those 600+k ones at dawson maybe border on being ex and are probably more suitable for those young couples who are already bordering on the 8k income ceiling.

and frankly, 10 years ago, if you ask me to move to punggol, i would hesitate, cos there was a lot of infrastructure still not up and will take a while. now when you see the amount of BTOs they are going to complete in the next 5 years, seriously, it's THE place to be cos they'll start to put in all the retail components like a mall pretty soon to support the fast expanding population there.

look at sengkang today, that will be the point of reference.

[kane]

there most definitely is still affordable housing available, just less desirable that's all.

i think it's more desirable than yew tee, simei or bukit batok if you ask me.


i've really quite surprised at the cutting edge design of the HDB nowadays. Sky terrace @ dawson is a good example, but the size of the 5 bedroom really sucks...

[devilplate]

the facade of this waterfront bto suxxx

pls take a closer look at the model....got silly duno wat kind of wall (pigeon perch) refer to h88 website...

[devilplate]

400+k still affordable lah, 10 years ago, punggol exec flats were going for about $350k, so the climb isn't as steep. those 600+k ones at dawson maybe border on being ex and are probably more suitable for those young couples who are already bordering on the 8k income ceiling.

.

r u sure 10yrs ago punggol bto so ex at 350k? pls compare bto with bto prices...

my fren bot the buangkok bto 5rm flat only at less den 200k about 6-7yrs ago

[kane]

r u sure 10yrs ago punggol bto so ex at 350k? pls compare bto with bto prices...

my fren bot the buangkok bto 5rm flat only at less den 200k about 6-7yrs ago

got ah, those days, they don't do BTO, they build in anticipation of demand. and the exec flats come with the basic furnishing like floor tiles if i remember correctly, they are also bigger, hence the higher price tag.

my friend who also has a buangkok BTO got his 4rm flat for about 190k, the 5rm one should be just over 200k for the higher floors.

[focus]

HDB will continue rising for a very simple reason: no supply.


When a buyer wants a flat in Ang Mo Kio, the government offers a flat in Punggol and prices it at Ang Mo Kio.

At my place, the HDB agent poster since I started looking last year have been increasing from $500k till now , it's $700k. But whether can see at 700k is another question but sure is an indicator of potential seller's price range since agent need to put an attractive price to entice the seller's out.

Think will sell the HDB soon and put the money into another property.

[gfoo]

seems like there are many many firm believers who put their faith in the continued stability/upwards trend of mass market, and that it's supported by the HDB market.

lol

[bargain hunter]

i think bukit batok is alright vs punggol but its price is obscene.

i think it's more desirable than yew tee, simei or bukit batok if you ask me.


i've really quite surprised at the cutting edge design of the HDB nowadays. Sky terrace @ dawson is a good example, but the size of the 5 bedroom really sucks...

[bargain hunter]

h88 referred to the balcony as pigeon perch. yeah, i thought we should be happy that hdb is providing affordable housing in punggol. who knows all go crazy about waterfront instead hahaha.

the facade of this waterfront bto suxxx

pls take a closer look at the model....got silly duno wat kind of wall (pigeon perch) refer to h88 website...

[maisonjai]

now public transport is distance base cal, soon car will also be distance base cal. I wonder how will these affect ppty prices in the future, will far flung places price dip or it will drive RCR price further upwards?

my pick will be more of the latter.

[kane]

h88 referred to the balcony as pigeon perch. yeah, i thought we should be happy that hdb is providing affordable housing in punggol. who knows all go crazy about waterfront instead hahaha.

it's HDB's answer to the waterbank.

so with the revamp at bishan park, all those hdb flats there suddenly attain waterfront living status??