Please give your views in this survey
Price continue to go up
Price remain at current level
Price will drop
Please give your views in this survey
It is more likely to stay still or having slight adjustment then it will go up until next recession.
Asking prices never drop for those areas I am watching, in fact, trending up still.
HDB - Down, as in COV will be reduced.
DBSS / EC - Up
Mass mkt Condo - flat until election
High end -
i hope prices will depress if not i think the govt will introduce more drastic measures to curb the runaway prpoerty prices...
As the govt had said, the increase in property prices must go hand in hand with the economic fundamentals.
Year 2010 is a bumper year. Next year's outlook is already at 4 - 5% gdp growth and this is baring unforseen circumstances.
And with the bumper supply coming on board from year 2012, i guess segments of the ppty market will experience price depression.
not bad. Seems like the sentiments are for prices to drop.
PR taken out of resale HDB. Resale COV will definitely be affected.
Like it or not,
prices puncture liao these few days..
These measures needs time.Originally Posted by jwong71
Those who are still in dreamland will wake up disappointed.
Stage 1 - Respond mildly (lower asking slightly)
Stage 2 - Refuse to accept (lower offers)
Stage 3 - Reject less (lower offers)
Stage 4 - Resign to fate (lowest offers)
Not too sure if it has puncture. Looking at Dorsett Residence, Greenwich and NV, it seems rather resistance to recent measures. The low interest rates coupled with relative strong economics data in this region, strong shares, etc, have strengthened buyers' sentiment.
Too early to tell anyway.Originally Posted by DC33_2008
If these measures don't work, more supply would work.
Beware and be informed.
I hope it will dampen and slow the growth too. Looking at the no. of HDB address owners buying multi-million developments in D1, 2, 9, 10 and 11 before the measures, garment must be keeping a close watch of this group of people.
buyers snapping up projects that are top in 2014.. 3-4yrs later,then pay the mortgages.Originally Posted by DC33_2008
In anticipate for a market recovery,and sell along the way.
not surprising. if any developer going launch new project gonna top 30yrs later. It going to hit the mainpage. SELLOUT IN 5MINS!!!!
3-4 years are just too long. People are paying w/o returns. No worth the while. Too many uncertainties like, economy, job, interest, rental market, etc. Market is just too volatile these days over much shorter period of time.
Mass market, if new, asking very high(850-1200 psf), if resale, asking higher and higher by the month...once caveat lodged, next seller try to ask for a bit more.Originally Posted by 2824
Ever heard of lemmings? They fall off a cliff willingly just because the others in front of them do the same
Haha. Excellent comparison!Originally Posted by Geylang OKT
Fits the typical kiasu SIngaporean to a T!
Unfortunately for buyers...the asking prices for mass market are not dropping leh...in fact, they are inching upwards, and NV Residences up prices by 1-2% last weekend...Originally Posted by Concours
Waiting for URA caveats lodged info for September...and see if transacted higher than Jul-Aug.
utterly unsustainable in the long run, if everyone asks for a bit more. then the question would be who's first in line in the food chain.Originally Posted by sfwoo
not that hdb helps when they start pricing new 5rm flats in sengkang at $400+k now. just 5 years back, you can get a new 5rm flat smacked in telok blangah, red hill or queenstown with the same amount of money.
Haven't you heard? You are expected to work with no formal retirement age. So there is no requirement to price it lower. Anyway, for 500k you only own the lease of the flat space - not the lease of the land title.
Originally Posted by eng81157
Buy from HDB at $400K.Originally Posted by gn108
5 yrs later, sell at $600K.
Buy condo at $900000.
Sell condo at $1.2million...
Ingredients of the Great Singapore Dream...
eh, then if all of us wait another 10 years?Originally Posted by sfwoo
new HDB = $700k, Resale = $1m?
how many newly weds, young and new in the workforce, can afford a $500-700k HDB flat?
Originally Posted by eng81157
yea lor..blame who? inflation and FT lor...
Next time, mortgage is passed to children to service.Originally Posted by eng81157
And if not enough, grandchildren can take over...
wow xiong at that time...Originally Posted by sfwoo
so let's all buy landed bungalow and get our descendants to pay for it??
This is a trick: upgrading from smaller to bigger flats, from HDBs to condos, from condos to landed properties ...Originally Posted by sfwoo
On the surface, your social status looks higher, but so does the debt level under your name. Until the market goes south and you will find that you cannot afford all these in the first place.
Many people are adding burdens through properties rather than accummulating wealth through properties.
this has been done before in Japan ..Originally Posted by sfwoo
the two-generation 100 years mortgage! viva la exuberance!
http://www.independent.co.uk/money/m...or-413344.html
Over the last 2 decades, the family size has been reduced to just 1-3 kids. Well, parents from the older generations worked thru their life, trim and save for rainy days. Most of them know little about investment and assets enhancement.Originally Posted by peterng8
I am not surprised that many parents now actually help up on the down payments. It is difficult for a 20 something to swallow the down payment.
This trends will continue - buy, buy, buy.
30 Aug cooling measures can proof one point - the harder to get, the more it make people wanting to get it at all costs.
Developers are laughing all the way to the bank.
http://www.todayonline.com/Commentar...ures-with-bite
Finally, some cooling measures with bite
by Colin Tan
05:55 AM Aug 31, 2010
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The much-awaited third round of cooling measures were finally announced yesterday but with a big difference - the current set have a lot more bite than the earlier ones, which were largely symbolic.
Of the measures, the 70-per-cent cap on loan-to-property-value for second mortgages is the most significant as it addresses for the first time the problem of excessive liquidity in the market. Helping to soak up some of the liquidity to a lesser extent, is the increase in minimum cash payment from 5 per cent to 10 per cent of valuation.
The earlier cooling measures had addressed the problem of speculation which was not a serious problem in the current bull run. As a result, the effectiveness of the measures were more cosmetic than real.
Much of the push towards higher and higher benchmark prices achieved in new private housing launches in recent months had come from investors with much higher risk profiles. For this group of investors, where previously they were able to buy three similar-priced properties, they can now only afford two. So, you can say demand from this group of investors is effectively down by a third.
Even demand from novice investor buyers with lower risk profiles will be affected as I expect the majority to have at least one outstanding mortgage. This effectively means the huge upside potential for "speculative" projects such as those with many small apartments and those close to MRT stations will be severely crimped. I am not saying that there will be no profit-making opportunity, but that it will be considerably less.
But the impact to the long-term investment potential of private property investments comes not from the cap on loans but from the current measures introduced in the public housing sector.
The increased opportunities for lateral upgrading via DBSS and EC projects and the greater BTO supply have raised the risks of investing in private housing to a new level. To restore the upgrading dreams of heartlanders which have been quashed by the rapid rise in private property prices, the authorities are now providing new opportunities for them to fulfil their housing aspirations.
In place of mass-market private housing units, there will be more DBSS units and EC units in more varied locations than simply in the more remote areas such as Punggol and Sengkang. For first-timers, there will be many more BTO units put up for booking this year and the next. This has prompted some to ask whether there will be a glut in the public housing sector. The answer is no because the occupants will still be there.
However, with many owners trying to sell them at about the same time - they would reach their minimum occupation period together - would mean that there will be little upside for HDB resale prices in the future. The lower resale values will definitely impact the ability of HDB occupants to upgrade to a private property.
In the meantime, the upgrader market for the next few years is being creamed off by the larger numbers of DBSS and EC projects in the future.
What we are seeing is the gradual erosion of market support - both now and in the near future - for the lower end of the private housing market. If there is to be a housing glut, it will happen in this segment. The glut will persist until price levels come down sufficiently low for the two markets to link up again and for the upgrading stream to resume once again.
Will this be the final set of cooling off measures? I would not bet on it. The liquidity monster is hard to tame.
The exuberance in the market may calm down for the time being - sale volumes may come down and the price rise may stall for the moment - but the problem will rear its head once again. As it is, one avenue for the monies to flow into - namely the safe haven market of HDB resale flats - has now been effectively closed to investors. The liquidity problem is a global one. In Singapore, we are only starting to tackle this problem.
Believe me. This is just the beginning. Just ask the Chinese authorities.
The writer is head of research and consultancy at Chesterton Suntec International.
Quite balanced views
Thanks everyone for taking the survey.
General views now are all for prices to go down. I conclude that it must be for HDB's COV.
Mass Market perhaps is at remained unchange. BTO, DBSS, EC and Mass Market Condo.
Top premium projects to continue to go up.
All these can exist together. Just need to know which is which. Which Asset Class.