Originally posted by noahnoah:
look at the trend of ppl rushing to buy condo
sgporeans so rich sia
no wonder our mr mah say hdb
still very cheap cheappp le
Relatively speaking , Yes ofcors HDB is CHEAPER than a condo.
99 year lease condo / 999 year lease condo/ Freehold ?
HDB quality vs Condo quality.
HDB is expensive considering what you get for your money.
.
Originally posted by Dondontan:
Provided the young couples continue to hold jobs. Once sacked, or retrenched there likely will have problem paying the housing loan.
Ofcors when that happens.. you go begging for dear MP's help.
They become the savior and you are forever indebted.
A master who is kind to his slave.. will he go to heaven ?
so late
want to go sleep in my freehold
ark liao~~
Originally posted by jojobeach:Ofcors when that happens.. you go begging for dear MP's help.
They become the savior and you are forever indebted.
A master who is kind to his slave.. will he go to heaven ?
Heard if no money pay, HDB go lock up the house. Does anyone know if this is true?
I know HDB is able to defer the loan, end up leaseholders pay more interests.
Originally posted by Dondontan:
Heard if no money pay, HDB go lock up the house. Does anyone know if this is true?I know HDB is able to defer the loan, end up leaseholders pay more interests.
of course
no free lunch in this world ma
even if u pitch a tent in ecp/freehold land also
must got permission one
Originally posted by noahnoah:
of courseno free lunch in this world ma
even if u pitch a tent in ecp/freehold land also
must got permission one
Understandable to get permit for pitching tents. They want to have control to provide good security.
Originally posted by Dondontan:
Heard if no money pay, HDB go lock up the house. Does anyone know if this is true?I know HDB is able to defer the loan, end up leaseholders pay more interests.
You forgot one of our million lollar minister said before " No free lunch " ?
Originally posted by jojobeach:You forgot one of our million lollar minister said before " No free lunch " ?
That is from the dear 87 year old man. Old man still going strong.
but however not all complain
of exp hdb/private properties prices
if one do a bit of research
can earn money out of hdb one
"Demand and Supply"
"Cycle of Market/Ten years"
"Properties Prices always up"
"Invest in Location rather then
FH over Leasehold"
and so on
zzzz
Originally posted by noahnoah:
but however not all complain
of exp hdb/private properties prices
if one do a bit of research
can earn money out of hdb one
"Demand and Supply"
"Cycle of Market/Ten years"
"Properties Prices always up"
"Invest in Location rather then
FH over Leasehold"
and so on
zzzz
To be realistic, how many can afford to invest in property by buying and selling?
Originally posted by Dondontan:To be realistic, how many can afford to invest in property by buying and selling?
u are wrong
many can afford to invest
the percentage of sg snapping
up a single project can be as high
as 70% only 30 percent are non sg ppl..
ok le
so late leh
time to go sleep
and dream of my luxury condo in dist 09
Originally posted by noahnoah:
u are wrongmany can afford to invest
the percentage of sg snapping
up a single project can be as high
as 70% only 30 percent are non sg ppl..
I am sure your 70% is not based on the whole population of Singapore.
I know those friends of mine who invest are earning very well. Those middle income group hardly can squeeze out money for such investment.
Originally posted by Dondontan:To be realistic, how many can afford to invest in property by buying and selling?
Surprisingly those who have been fuelling the property market seem to be those earning the millions paid by tax paying Singaporeans.
In 1996, there was the shocking and ‘embarrassing revelations’ that led to so much fuss in the Singapore Press that one has to start asking whatever became to the whistle-blower who exposed the entire matter.
Is this a habit amongst Sinaporeans, or is this just some ‘familee of property speculators’ ?
‘Can there be any more surprises that can shock Singaporeans any more ?’
Originally posted by Atobe:
Surprisingly those who have been fuelling the property market seem to be those earning the millions paid by tax paying Singaporeans.In 1996, there was the shocking and ‘embarrassing revelations’ that led to so much fuss in the Singapore Press that one has to start asking whatever became to the whistle-blower who exposed the entire matter.
Is this a habit amongst Sinaporeans, or just some ‘familee of property speculators’ ?
Thanks for the link. It was shown on Channel U. Hypocrisy.
Originally posted by Dondontan:I am sure your 70% is not based on the whole population of Singapore.
I know those friends of mine who invest are earning very well. Those middle income group hardly can squeeze out money for such investment.
his 70% means.. out of the 10 people he encounters "snapping up" the properties. 7 are Singaporean.
The 7 are part of the nationwide 20% Singaporeans who can afford to do so. And they also are the 7 Singaporeans who goes to other property sales office snapping up other properties.
So if each of the 7 + 3 bought 5 properties.
Then 35 properties belong to Singaporean compared to 15 units bought by the 3 foreigners.
Originally posted by goh meng seng:
Angel,
I do not know where you get the idea that parents are mostly rich enough to pay off a HDB flat for their only son. Yes, there are people who did that but I bet they are the minority.
The lower income group is EXPANDING rather than dminishing. I am asking HDB for the specific details or statistics on certain things before I will make my conclusions on the rejection of the alloted flats. You are right, they can wait but with the prices that need a 30 years mortgage, I don't think they have much time left. Imagine if you are to marry at 30 years old, you need to take out all money from CPF to pay for your flat for 30 years, it would mean that by 60 years old when you finished paying your mortgage, you won't have much money left in CPF for your retirement.
I hope you are not asking parents to take care of their children's retirement also?
Goh Meng Seng
Well, Meng Seng,
There are, in fact 80% of Singapore are pampering their son too much, those who worked for 30 to 40 years, got their CPF or profit from insurance mature couple with good saving habits are pouring money in to their decendents. That is why today youngs are not so energetic and hardworking as their father/mother or grandfather/mother, because most are given silver spoon or bronze spoon to feed on, i am not saying that today son are spoil, but because of one to two child in the family, parents + grandparents poured all their hopes and saving into them making them less hunger to strive and work hard. Most of these young peoples job hop here and there, no job to them is ok, unlike their father last time, no job is a serious problem. And yet, most will pick and choose the best comfortable job unlike my father time, got job very happy liao.
So i think society in Singapore had changed, a family with one son will give all to the only son, the 70s and 80s generation have a good saving habit, unlike today youth like me, and their purpose to save is for raining days, and when the son got a problem with marriage, ah kong, papa and ah ma, mama is alway there to help..them buy a house, or even a car.
Originally posted by Dondontan:To be realistic, how many can afford to invest in property by buying and selling?
Dun look at singaporeans too poor ya, most are play acting, their banks are full of saving...these hardcore saver like to act poor, so that they can get cheaper rate.
Originally posted by jojobeach:his 70% means.. out of the 10 people he encounters "snapping up" the properties. 7 are Singaporean.
The 7 are part of the nationwide 20% Singaporeans who can afford to do so. And they also are the 7 Singaporeans who goes to other property sales office snapping up other properties.
So if each of the 7 + 3 bought 5 properties.
Then 35 properties belong to Singaporean compared to 15 units bought by the 3 foreigners.
Some of the singaporeans snapping up properties are for investment purpose, they had calculated the gain after 5 years of loans. That is why govt had changed the policies to avoid people using property as an investment.
Property is the best investment now, if own a 1 million dollar condo, in 5 times, given everything is still peaceful, if can go up to 1.8 million, a 800k gain. And it is not something that you cannot predict or put your money in shares and stocks whereby it landed in the hand of some corporation investment. You have a better control over it. Moreover, you can rent out during the period of ownership, go on with yr own work and business and in 5 years time, you take 800k like me. Keep some of it and invest in another property. For a layman on the street, i think within 5 years, he can hardly save 800k. Now you know why people drive BM, Merc, Lexus, jaguar etc etc and live in 3 storey landed property....
Originally posted by angel7030:
Dun look at singaporeans too poor ya, most are play acting, their banks are full of saving...these hardcore saver like to act poor, so that they can get cheaper rate.
Nobody is acting, you are the only one acting.
Pretending to be a Taiwanese. Let me tell you, you have very bad acting skill, picak lobang , easy to spot you are not a Taiwanese. You are a guy.
I'm curious ....
how many of you here actually own a HDB flat currently, and how much did you get it for ?
Or how many of you are on the market for an HDB flat ?
all we can do is wait for the upcar.
every second that passes by is that much closer to the popping of the champagne.
all talk no use.
Time flushes the toilet.
i wish that Opposition would give singaporean 1st-time flat lease buyers a reasonable price much lower than current price. these new lease owners would then be subjected to non-reselling of their cheap flat for a period of say 10 years.
Existing resold flat prices should be held stable if not lowered slightly.
This bitter pill will go a long way, significantly mitigating the problem.
meanwhile, every second brings us nearer to drink the champagne, like it or not.
Originally posted by likedatosocan:i wish that Opposition would give singaporean 1st-time flat lease buyers a reasonable price much lower than current price. these new lease owners would then be subjected to non-reselling of their cheap flat for a period of say 10 years.
Existing resold flat prices should be held stable if not lowered slightly.
This bitter pill will go a long way, significantly mitigating the problem.
meanwhile, every second brings us nearer to drink the champagne, like it or not.
No need subject 10 years or 20 years before resale.
Just lease for a fraction of the price for 5years/10 years/20years/50years, then return the unit (to upgrade or downsize) when lease up or extend lease.
Units that are returned can be released out again to families according to their needs.
The savings from the price difference can go into raising the family or other more profitable investments ...instead of ministers million dollar salary or bank interest rates.
The idea is to gradually phase out flats with resale.
Is it that hard to afford a 4-rm BTO flat at around 250k? At 26 yrs old, I can't see how my portfolio won't grow past that amount by 30 yrs old
Originally posted by eagle:Is it that hard to afford a 4-rm BTO flat at around 250k? At 26 yrs old, I can't see how my portfolio won't grow past that amount by 30 yrs old
Sure you can. If you decide to stop at one.
Home prices in Singapore is a very effective form of birth control.