(08-01-2014, 03:02 PM)valuebuddies Wrote: [ -> ]aiya cham! I always see glass half empty ler, whenever go for makan, keep asking to top up my water!!! But it is true that I see myself a pessimist, scare of crisis, scare of rising interest.. Anyway I think the current plan for HDB repayment is fine, one will need to work whole life to pay off the housing loan if he go clubbing, drinking, partying often. I don't do all these, I can stay at home during weekend, I can eat at foodcourt everyday, so every month I have 80% of my income ready for loan repayment. But when I have kids then will be different story, perhaps 60% still manageable. Absolutely zero complaint, but if you do, please refer to "Man in The Mirror" lyrics
I guess u r humble la..and is a good stock investor because based on my experience..pessimist makes a better player in stock market
bullish indicator for property?
AsiaOne | Wednesday, Jan 8, 2014 SINGAPORE - COE premiums went up for all but one category in the latest bidding exercise on Wednesday. Cat A (cars below 1,600cc) premiums went down to $72,369 from $74,002, the only category to show a decrease. The rest showed slight increases. Premiums for cars in Category B, above 1,600cc, closed at $78,700, up from last round's $75,700. Open category premiums also went up to $79,000 from $77,501. Premiums for goods vehicles and buses went up to $48,889 from $48,001, while those for motorcycles increased to $1,989 from $1,812. - See more at:
http://ride.asiaone.com/news/general/sto...eTzYF.dpuf
One 10 YOs condo put up for sale since last sept in eastern side, has lower its price by 15%, still available. It is definitely a buyer's market now.
Sometimes i wonder. If one do not depends on property for income, does it matter to own one and maybe even fully paid up. Many folks probably get "slaved" to do this for their life. Have i create a rat race course for myself needlessly.
Many people make so much from properties over the last few years and that has made their day job insignificant. Many retail also shut down their businesses as most revenues go to the landlord's pocket..
However I have been monitoring the market.. Many serious sellers have to lower their prices 10-15% as compared to their neighbours in order to get some attention. Yet they are still in the market for >6-9 months..
It is buyer market now.. however if price start to drop, there is no point to jump in so fast..
I also understand for those youngsters who are into property investment, the price is still around $1M mark.. as more than that they might have to use their cash to service the loan.. So for property at 1.5M and above, the buyers pool are significantly less..
Most current property buyers are still in secondary schools when the last boom busted in 1996.
Not all will keep their profits.
(08-01-2014, 10:58 PM)pianist Wrote: [ -> ] (08-01-2014, 01:44 PM)opmi Wrote: [ -> ]3rm flat BTO not very expensive. $600 monthly installment.
Quite good for a roof over head for 96 years.
In many Asian countries, want also don't have.
So no need to sympathize
just heard from one agent today that govt no longer releasing freehold land, but lease freehold land in 99yo lease tenure..dunno zhiun bo
I have never seen the government selling freehold land. Except the colonial government back in the old days. All freehold or 999 yrs land are bought from the secondary market. Please correct me if I'm wrong.
But there are developers like Far East selling projects with 99 yrs lease on freehold land..
Ok, it seems that I still can't make up my mind after reading so many comments from all the sifus, anyway thank you so much. When I could not make decision, I will push that to my wife, and she said refinance so let's do it. Yup it's true that 25 years is already long enough and I fully agree that the own-staying home should be fully paid before one get into critical ages. Who knows 3 years down the road, if the interest rate still low, then refinance again for 25 years lo.
(09-01-2014, 02:26 PM)Tiggerbee Wrote: [ -> ] (08-01-2014, 10:58 PM)pianist Wrote: [ -> ] (08-01-2014, 01:44 PM)opmi Wrote: [ -> ]3rm flat BTO not very expensive. $600 monthly installment.
Quite good for a roof over head for 96 years.
In many Asian countries, want also don't have.
So no need to sympathize
just heard from one agent today that govt no longer releasing freehold land, but lease freehold land in 99yo lease tenure..dunno zhiun bo
I have never seen the government selling freehold land. Except the colonial government back in the old days. All freehold or 999 yrs land are bought from the secondary market. Please correct me if I'm wrong.
But there are developers like Far East selling projects with 99 yrs lease on freehold land..
Govt cannot sell freehold land. It is by law, not policy. 99% correct statement.
However, govt can 'sell' freehold/999 under 'sale of remnant land' policy. Mainly for enbloc devt. But land cannot be big enough for individual devt.