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Nobody wants the big units of waterwood EC..... Those who vested in SingHolding please help to push the sale.....

(04-06-2014, 12:23 AM)desmondxyz Wrote: [ -> ]Nobody wants the big units of waterwood EC..... Those who vested in SingHolding please help to push the sale.....

Hi Desmond,
Allow me to add in some excitement!

As a gesture to lesser expenses, Value buddies buys a Waterwoods unit will get a sponsorship of 50% off their TV/Washing machine and Fridge


LC

(04-06-2014, 09:13 AM)chialc Wrote: [ -> ]

(04-06-2014, 12:23 AM)desmondxyz Wrote: [ -> ]Nobody wants the big units of waterwood EC..... Those who vested in SingHolding please help to push the sale.....

Hi Desmond,
Allow me to add in some excitement!

As a gesture to lesser expenses, Value buddies buys a Waterwoods unit will get a sponsorship of 50% off their TV/Washing machine and Fridge


LC

Uncle Chialc...Its a pity i cannot buy EC anymore.If not i will buy from u!

(Sold all to Boss Lee at 0.395)

(04-06-2014, 09:13 AM)chialc Wrote: [ -> ]

(04-06-2014, 12:23 AM)desmondxyz Wrote: [ -> ]Nobody wants the big units of waterwood EC..... Those who vested in SingHolding please help to push the sale.....

Hi Desmond,
Allow me to add in some excitement!

As a gesture to lesser expenses, Value buddies buys a Waterwoods unit will get a sponsorship of 50% off their TV/Washing machine and Fridge


LC

That's very generous goodies from Uncle Chialc. But I guess ppl are waiting for more incentive, say a discount from Boss Lee......

(04-06-2014, 11:05 AM)desmondxyz Wrote: [ -> ]

(04-06-2014, 09:13 AM)chialc Wrote: [ -> ]

(04-06-2014, 12:23 AM)desmondxyz Wrote: [ -> ]Nobody wants the big units of waterwood EC..... Those who vested in SingHolding please help to push the sale.....

Hi Desmond,
Allow me to add in some excitement!

As a gesture to lesser expenses, Value buddies buys a Waterwoods unit will get a sponsorship of 50% off their TV/Washing machine and Fridge


LC

That's very generous goodies from Uncle Chialc. But I guess ppl are waiting for more incentive, say a discount from Boss Lee......

Ai yo, Boss Lee is too cold to be touch.
If you prefers to get discount, why not get the discount from me?

I don't want to say for limited period only!
I says every Value Buddies who buy a Waterwoods unit, will entire to a $$$ discount.
This offer does not lapses.
Buy when you ready, any time, any day!

UP! SingHolding!

LC




yesterday enemy has become tomorrow friend

(04-06-2014, 12:23 AM)desmondxyz Wrote: [ -> ]Nobody wants the big units of waterwood EC..... Those who vested in SingHolding please help to push the sale.....

Actually it is not that people dont want to buy the big units. I think the main problem is the MSR of 30%, coupled with the income cap of 12,000 to be eligible for an EC, the maximum loan for a couple with 12k monthly income is capped at around 800k, but the bigger units can cost up to 1.2m, so they have to fork out 400k cash, which is not insignificant.

Assumptions made: 30 years loan, 3.5% interest, no car loan, no credit card loan.

Afterall i am a layman, perhaps uncle LC can comment on my calculations.

Anyway, it is not that people dont want to buy, it is the policy makers who are not thinking through the correct lens. They cap eligibility for EC at 12k monthly income, so they expect people to take up a small loan, yet the quantum price for a 4 room EC would easily exceed 1m, how many people have so much cash?

(04-06-2014, 01:10 PM)safetyfirst Wrote: [ -> ]

(04-06-2014, 12:23 AM)desmondxyz Wrote: [ -> ]Nobody wants the big units of waterwood EC..... Those who vested in SingHolding please help to push the sale.....

Actually it is not that people dont want to buy the big units. I think the main problem is the MSR of 30%, coupled with the income cap of 12,000 to be eligible for an EC, the maximum loan for a couple with 12k monthly income is capped at around 800k, but the bigger units can cost up to 1.2m, so they have to fork out 400k cash, which is not insignificant.

Assumptions made: 30 years loan, 3.5% interest, no car loan, no credit card loan.

Afterall i am a layman, perhaps uncle LC can comment on my calculations.

Anyway, it is not that people dont want to buy, it is the policy makers who are not thinking through the correct lens. They cap eligibility for EC at 12k monthly income, so they expect people to take up a small loan, yet the quantum price for a 4 room EC would easily exceed 1m, how many people have so much cash?

Quite true....I myself also did the calculation and realized that I don't have so much cash... So either garment relax the policy or Boss Lee cut the price....

I feel it is the developers who are at fault. They are aware of this problem but they 1) do not fully utilise the flat max ratio, 2) bid highly psf despite fully aware of ec limitations

(04-06-2014, 01:10 PM)safetyfirst Wrote: [ -> ]Anyway, it is not that people dont want to buy, it is the policy makers who are not thinking through the correct lens. They cap eligibility for EC at 12k monthly income, so they expect people to take up a small loan, yet the quantum price for a 4 room EC would easily exceed 1m, how many people have so much cash?

(04-06-2014, 02:24 PM)CY09 Wrote: [ -> ]I feel it is the developers who are at fault. They are aware of this problem but they 1) do not fully utilise the flat max ratio, 2) bid highly psf despite fully aware of ec limitations

Agree with CY09... that's the point... policy makers are looking through the corerct lens... it's just that the developers want the policy makers to look through their own lens

(04-06-2014, 02:49 PM)specuvestor Wrote: [ -> ]

(04-06-2014, 01:10 PM)safetyfirst Wrote: [ -> ]Anyway, it is not that people dont want to buy, it is the policy makers who are not thinking through the correct lens. They cap eligibility for EC at 12k monthly income, so they expect people to take up a small loan, yet the quantum price for a 4 room EC would easily exceed 1m, how many people have so much cash?

(04-06-2014, 02:24 PM)CY09 Wrote: [ -> ]I feel it is the developers who are at fault. They are aware of this problem but they 1) do not fully utilise the flat max ratio, 2) bid highly psf despite fully aware of ec limitations

Agree with CY09... that's the point... policy makers are looking through the corerct lens... it's just that the developers want the policy makers to look through their own lens

Damage already done and let's see how Boss Lee is going to salvage the situation.