(20-12-2015, 01:19 PM)gzbkel Wrote: [ -> ]We have since sold the property. At least no need to worry anymore about trouble with future problematic tenants.
The latter statement seems to imply you are no longer considering physical property investment in the future? Because if not, one cant avoid future problematic tenants.
(21-12-2015, 08:26 AM)Bibi Wrote: [ -> ] (20-12-2015, 01:19 PM)gzbkel Wrote: [ -> ]We have since sold the property. At least no need to worry anymore about trouble with future problematic tenants.
The latter statement seems to imply you are no longer considering physical property investment in the future? Because if not, one cant avoid future problematic tenants.
i was wondering how to tackle such chao kwan tenants. Take a picture of him and post on storm & facebook but i am really uncertain if it is legal or not.
(21-12-2015, 09:29 AM)money Wrote: [ -> ]i was wondering how to tackle such chao kwan tenants. Take a picture of him and post on storm & facebook but i am really uncertain if it is legal or not.
The legal process is to get a writ of summons for possession, or re-possession of the premise. At the same time make a claim for arrears of ongoing rent and a writ of seizure of the tenant's goods will be issued. Basically just go through lawyer.
Singaporeans really very rich.
http://sbr.com.sg/residential-property/n...-odds-rise
59% of respondents are interested in purchasing another property despite existing restrictions, a steep surge compared to just 14% in the second half of 2015.
Almost all respondents believe that interest rates will rise but 81% stated that rising rates will not affect their decision to purchase property. Close to 75% of respondents have less than ten years left on their mortgage payments, suggesting capacity for property investments.
(23-03-2016, 09:57 PM)Bibi Wrote: [ -> ]Singaporeans really very rich.
http://sbr.com.sg/residential-property/n...-odds-rise
59% of respondents are interested in purchasing another property despite existing restrictions, a steep surge compared to just 14% in the second half of 2015.
Almost all respondents believe that interest rates will rise but 81% stated that rising rates will not affect their decision to purchase property. Close to 75% of respondents have less than ten years left on their mortgage payments, suggesting capacity for property investments.
I continue to maintain that 'In theory, there is no difference between practice and theory. In practice, there is'. Respondents underestimate the correlations of markets - eg. how many actually do a stress test on income stability (jobs) and the availability of rental income when crunch time is here?
Most of us maintain our 'Be greedy when others are fearful, and vice versa', but most of us are actually in the 'others' camp! My intuition tells me that the final beneficiaries will be most probably be coming from the overlapping 10% in the 100-81=19% of those who account for rising rates and 100-59=41% whom are not interested in purchasing a property NOW.
Do you have problem in your math early in the morning? 100 - 81 = 29? :-)
I hope I am seated at the right camp, which is still far away from the shore and have myself prepared for the tsunami.
Anyway in the finance world, words and actions can be very different. An analyst suggest to go long because he is offloading? This is not uncommon right?
(24-03-2016, 06:46 AM)weijian Wrote: [ -> ] (23-03-2016, 09:57 PM)Bibi Wrote: [ -> ]Singaporeans really very rich.
http://sbr.com.sg/residential-property/n...-odds-rise
59% of respondents are interested in purchasing another property despite existing restrictions, a steep surge compared to just 14% in the second half of 2015.
Almost all respondents believe that interest rates will rise but 81% stated that rising rates will not affect their decision to purchase property. Close to 75% of respondents have less than ten years left on their mortgage payments, suggesting capacity for property investments.
I continue to maintain that 'In theory, there is no difference between practice and theory. In practice, there is'. Respondents underestimate the correlations of markets - eg. how many actually do a stress test on income stability (jobs) and the availability of rental income when crunch time is here?
Most of us maintain our 'Be greedy when others are fearful, and vice versa', but most of us are actually in the 'others' camp! My intuition tells me that the final beneficiaries will be most probably be coming from the overlapping 10% in the 100-81=29%% of those who account for rising rates and 100-59=41% whom are not interested in purchasing a property NOW.
Yes we have to look at the other camp. But those who are interested in purchasing another property actually rose from 14% to 59%. Also mean, 86% were not interested in purchasing in 2015 but now only 41% were not interested.
(24-03-2016, 07:12 AM)valuebuddies Wrote: [ -> ]Do you have problem in your math early in the morning? 100 - 81 = 29? :-)
I hope I am seated at the right camp, which is still far away from the shore and have myself prepared for the tsunami.
Anyway in the finance world, words and actions can be very different. An analyst suggest to go long because he is offloading? This is not uncommon right?
hi VB,
You got me, the regular guy rushing for the MRT to work, while the morning 3-in-1 coffee effect hasn't kicked in yet.
I like to believe I am part of the 'others' camp. In this way, I consciously find ways to exit from it. If I think I am
not the 'others' camp, that could be the day I am truly roasted. I did a test on the 5 love languages - and my dominant language is '
act of service' - so I hope I can use plenty of that in investing!
(23-03-2016, 09:57 PM)Bibi Wrote: [ -> ]Singaporeans really very rich.
http://sbr.com.sg/residential-property/n...-odds-rise
59% of respondents are interested in purchasing another property despite existing restrictions, a steep surge compared to just 14% in the second half of 2015.
Almost all respondents believe that interest rates will rise but 81% stated that rising rates will not affect their decision to purchase property. Close to 75% of respondents have less than ten years left on their mortgage payments, suggesting capacity for property investments.
I would say rather a sizeable of Singapore residence is cash rich and kiasi, which may not be that bad. There are huge fear off equity market after 2008 and unknown risk concern with foreign property.
Singapore is a also a place where monthly income/saving are quite large. With sufficient mass of middle upper class income families, every month there will be a sizeable pool of investors wanting to come in for every month of stagnant or slow rate of decreasing price in property. That's my guess.
(24-03-2016, 08:47 AM)Bibi Wrote: [ -> ][quote pid='127497' dateline='1458773162']
Yes we have to look at the other camp. But those who are interested in purchasing another property actually rose from 14% to 59%. Also mean, 86% were not interested in purchasing in 2015 but now only 41% were not interested.
[/quote]
As equity markets started to drop, don't those
self proclaimed 'value and long term' retail investors start to buy the dips?
When crunch time comes, out of the 41% who were not interested, 10% of them will turn to become interested. The bulk of the now 59% interested parties miraculously become 'not interested'.
I still don't exactly know how it works, but my intuition tells me that been part of the crowd (ie. the 59%) most probably would just allow one to stay average (at best).
Anyways, this survey is conducted by some property website and so we should simply just read and forget! (just read the below statement by CEO...I classify this as 'noise' to be disregarded and preciously guard my attention to reserve for the signal)
“Today’s property buyers think they can wait for additional price declines, but it is very difficult to time the market. Clearly pent-up demand is there; our respondents are not bothered by anticipated rate rises, indicating their funding and finance options are strong,” said Sean Tan, Singapore General Manager and Chief Business Development Officer at iProperty Group.