Discussion : Singapore Property

[wolfeyes1974]

YOU lah Sir..

u know what...hahaa..so when ya coming over to molest my watches? hahaaha...

[Oceanklassik]

bro, u asking andrew?

YOU lah Sir..

[wolfeyes1974]

Like currently where you are living, Sir ?

bro, u asking andrew?

[Oceanklassik]

Like currently where you are living, Sir ?

[wolfeyes1974]

i want to settle my hse first, that is why not changing car. i went to showroom of grand duchess and it was beautiful, but fully sold out around 900plus psf. then property boom and it went to as high as 1800 psf. but now price dropping....and i hope it drop to less than 800 psf and with top end of this yr...just nice for me to buy.

also monitoring seaview too.

i am lucky...timing just nice for my en-bloc to go thru when property market is soft.

if i recall correctly launch price was $800+...to go below $800 is anyone's guess but i wld think unlikely...

Seaview is going around $900 i think...got a friend staying there...nice development but too huge a development like Esta and One Amber..it lacks exclusivity that a condo shld have...i personally prefer development that's lesser than 130 units and preferably full facilities

[wolfeyes1974]

i am also looking for a new place soon. cos my hse en-bloc already. so far either looking at the east side or maybe central. but also quite interested to buy carribean....waiting for price to go down.

so shiok..so got $$ to buy more watches liao lah....so many developmetns near yr place now...OLA, Mountbatten Suites, Grand Duchess, Amber Residences, Vertis, View@Meyer and etc....


seems like so many pple here looking at property

[wolfeyes1974]

Looking at around scotts, draycott, leonie area if possible, else Thomson or outskirt of Orchard would be also good targets for me...

these prime areas easily $1700 psf or more....deposit and servicing will be siong. perhaps you shld consider river valley and the asking is hovering between $1100-$1300.

[116520]

Thanks for the info!

Here is a report from Citigroup which might be of interest. IMO, the report is quite bearish. But I find the historical prices and charts useful as a reference.

http://www.docstoc.com/docs/4106889/SGP-Property-Report

[chongj88]

Here is a report from Citigroup which might be of interest. IMO, the report is quite bearish. But I find the historical prices and charts useful as a reference.

http://www.docstoc.com/docs/4106889/SGP-Property-Report

[jazz_samz]

Looking at around scotts, draycott, leonie area if possible, else Thomson or outskirt of Orchard would be also good targets for me...

Any private property you guys eyeing? I'm waiting for the one near redhill MRT, developer should be WingTai.

[jazz_samz]

Nowadays for HDB its rather difficult to reap such profit in a short time, moreover, there are strings attached like 5 yr occupancy.

Currently, HDB prices are still alittle high and resilent.. so its a good time to sell if you want to reinvest on a private property...

bro, to make $200K profit (assuming $200psf and area is 1000psf)...u can try flipping HDB if you own one now or buy a HDB (easier to get loan or just rent it out until the next boom then sell it).hahaaha...too bad, you can only do it twice thru HDB

my parents' 4 room flat at tampines already make this much now even at times like this...

[ahwoon]

Any private property you guys eyeing? I'm waiting for the one near redhill MRT, developer should be WingTai.

[wolfeyes1974]

Interesting views so far....

Well for me, I am very comfortable where I am, and am looking to make an investment on a property where I know would reap a difference of >$200psf. Affordability is a concern and in this gloom industry, we have to be prudent but I do see this as a window of opportunity. One may have to be working and saving every single cent you earn to have a cold hard cash of >$300k in 5 yr. Hence this is a window of opportunity. Of course one should NEVER do an investment of such degree if its beyond one's ability / means.

I too agree that there is a 7yr (min) cycle to the property fluctuation. If you can participate once every 7 yrs to grow your savings, I think its a very good opportunity.

My take is that it will get worse that what we are at now...

bro, to make $200K profit (assuming $200psf and area is 1000psf)...u can try flipping HDB if you own one now or buy a HDB (easier to get loan or just rent it out until the next boom then sell it).hahaaha...too bad, you can only do it twice thru HDB

my parents' 4 room flat at tampines already make this much now even at times like this...

[hoshi8]

i sold my first apartment i lived for 2.5 yrs at a small profit of 200k...therefore i am staying where i am staying now....

i am now waiting for the right opportunity to buy the 2nd property...but for now...i am happy where i am living now....

please note that when i bot my first private apt...i just want a home for me and wifey...then the property mkt just boomed...and i upgraded...haha...

now i have to keep my job...make sure i have enough to pay for the monthly instalments and if i have extra...BUY more watches!!!

anyways my property is freehold therefore i think i have enough to hold out until the next boom...

[116520]

jazz_samz, the rich one will not lose much as they have the holding power. Those who lose money are those will can't get loans, can't pay up their installments, etc...

Thats what I am hoping to hear... abit ORH SIM lah but its time the rich lose some money right?? hahaa