Discussion : Singapore Property

[theOrion]

In the end, just like watches, if an opportunity comes up for you with a property that speaks to you, at a price that's comfortable to you. BUY IT. Because if you keep waiting, you may never get your first choice, or like technology, if you always feel that by waiting you can get something better then it is likely that you will end up getting nothing or a compromise instead.

So what the heck, trigger when it's something you really want. Because at the end of the day, even if you're flipping, you'll like to know that you've got is something that you yourself would wanna have, because if not, why would others?

[lolex kia]

It's not always about prices. If you like a particular location, there may be no sellers. That place could be near your childhood home, your mother in law's place, or near a good school. If a property in that locale comes up, then one has to take the step to buy, even though the price has not fallen so drastically.

[DM101]

It is all about CREDIT ... a matter of how much the bank evaluate the price of the property and amount comfortable they loan to buyer....

Compared to major cities like SHANGHAI, BEIJING, etc. our property price is considered cheap already I guess

[hoshi8]

buy a property you and your family loves....and within your means....whether it goes up or down doesnt really make much of a difference becos you are going to live through another so called 7 yrs property cycle...

i bought my condo early 2008...people say too expensive...blah blah...

i got to enjoy my condo for 1 yr and people are 'waiting' for the perfect time to buy 1...but as long as i can afford it....why care about the 'sour grapes' people?

remember this...there is no perfect time...if the price and location suits you and you can afford it...go for it...

if you intend to flip the condo or thinking that its a temporary lodging...then wait until end of this year...prices will soften further....

[jazz_samz]

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...

[116520]

Much worse... trust me... when the data is released... the whole market will collapse... supply is way over demand...

Interesting views so far....


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

[jazz_samz]

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

[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...

IMHO, it's not time to buy any property yet...even the prices of recent fraser centrepoint's mass market condo launch at jurong (today's ST) are still too high...

[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

[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...

[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...

[ahwoon]

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...

[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.

[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