Question is whether history will repeat itself?
At this moment, everyone is shouting don't buy.
The property price is at it's peaked.
This voice come out even stronger from those flushed with cash (aka look at the title of this thread lar)
These group of buyer has strong vested interest.
Like stocks, ppty investment/upgrade requires great
Patient.
Winner will need to work very hard to seek for the gem!
(30-04-2014, 12:31 PM)Bibi Wrote: [ -> ]My friend invested in property since 2007 and I in stocks. I made quite ok returns while he made many times my returns. He is now a multi-millionaire and have 2 paid up properties all because of leverage.
Love Compassion
A Life not Reflected is a Life not Worth Living.
(30-04-2014, 12:38 PM)corydorus Wrote: [ -> ]One more thing to add. Stocks can be manipulated. And there are always insiders who take the cream.
Properties can be manipulated too. One unit transaction set the tone for the billion$ around the vicinity.
(30-04-2014, 12:49 PM)specuvestor Wrote: [ -> ] (30-04-2014, 12:38 PM)corydorus Wrote: [ -> ]One more thing to add. Stocks can be manipulated. And there are always insiders who take the cream.
Properties can be manipulated too. One unit transaction set the tone for the billion$ around the vicinity.
I mean Stocks are much more easier.
People are still buying. Looking at district 16, The Glades had 4 transactions in April with price ranging from $13++ to $1500/psf. Though these 4 units have quantum of +/-$1m. Out of 4 purchasers, 3 of them hold a HDB address.
Let's say they(all sg citizens) are buying for investment and a 2nd property will require 25% downpayment($250,000) and ABSD($70,000) plus stamp/legal fee etc(+/-$33,000). Total cash outlay will be +/-$353,000 for a $1m condo. Bank loan $750,000 at 1.5% p.a.
Assuming the property(2 room) can rented out at $2,600/month, the ROI is only at 5.65%! Of course, there are risks like rising interest rates, the inability to secure a tenant for the property and refurbishments and renovations years down the road. I think it is rather risky to be buying properties at this juncture, especially small units at high psf prices.
(30-04-2014, 11:10 AM)chialc88 Wrote: [ -> ]gzbkel,
I think everything has a cycle.
At this moment, I still think that quite a lot of Singaporean sees private property (condo&landed) as one of their 5 C's dream.
With enough budget ($800k cited by the survey), they are out to buy.
Only problem is the seller is not selling (prefers to rent out lar)
except developer who already marked down their selling price by a wopping 30% (star buy units law).
BTW, is condo one of your 5C dream, too?
Love Compassion
I won't call it a dream because the price is so much higher than what I am willing to pay.
But living in a condo sounds good to me. I like the feeling of security, and can just go downstairs for a swim any time you like.
(30-04-2014, 11:23 AM)CityFarmer Wrote: [ -> ]Base on data, Singapore retail market is only 9%, with 350,000 CDP accounts out of approx 3.8 mil residents. The comparative markets in the regions are Hong Kong (35%) and Australia (43%), both having much higher ratio.
So more room to grow in SGX by retail investors, after the doom in property market? I am cautiously optimistic on that 
That occurred to me too, but it is also possible that property investors will prefer to store up money since a property drop is a buying opportunity.
Still SGX looks good for the long term considering the CDP accounts figure! Want to get vested.
I was expecting SGX to go down on ex-dividend considering the negative performance, but no luck. Still waiting.
Question to ask: How many property investors was around before 2003 SARS? Most are 1 upcycle investors. Havent seen the downcycle yet.
count me as 1.
I am in ppty since '89.
I brought 4 ppty for my own and 2 more for my relatives.
I am still learning - every single day.
Life is Great!
Life is Beautiful.
Be Happy Always!
A Life not Reflected is a Life not Worth Living.
Love Compassion
Yes. I was at PropertySoul meet the blogger session.
It was a very good and entertaining session.
Before I go, I decided not to buy her book.
But, she is so convincing that I not only buy her book but also subscribe to be her club member.
Everyday is a good day to learn.
Everyday is a good day to fish.
Have fun while we are on the journey.
Love Compassion
Are you started your hunting or still waiting for the lowest point?
A Life not Reflected is a Life not Worth Living.