Condo Prices...

[melvin]

HDB costs like 1/4mil nw.

1/4mil brand new from HDB and 1/2mil also have for Resale!

 

[astroboy]

Thanks for the good read, Melvin.

 

[melvin]

Thanks for the good read, Melvin.

U r welcome!

 

[Canew]

Don't be too sad....read this and think :think:

http://extraordinaryprofits.blogspot.com/2007/06/your-home-may-be-your-worst-investment.html

Good read.

 

[jsbn]

Prices will continue to rise for the next 2 years.

Most Singaporeans make money from properties, so how to drop in prices? Now it is the sellers' call.

One of my friends just made $90,000 on paper gain from his HDB flat within 6 months.

Actual cash gain leh? :think:

Probably in the range of negative figures since he'll need to buy another flat or he have to sleep in the streets. :thumbsup:

 

[An drew]

Indices anyone? ;p

STI seems to be going up, up and up.

If every young working person borrows half a million dollars from the bank to buy a property it would be good for property companies, banks, property agents, renovations companies, construction companies, architects, engineers, coffee shops, ..... etc. 100,000 x 500,000 is 50 billion.

If every family borrows half a million dollars to buy a second home that would be even better, 1,000,000 x 500,000 = 500 billion.

Imagine the multiplier effect it would have on our economy...every company would be reporting profits.

Then we can sell our houses for a big profit to gamblers who made their fortunes at the casinoes, to F1 drivers, to foreign students who will flock to our shores to get their Australian/American degrees, and to foreign expats opening up companies here, and migrants that will bring our population numbers to 6.5 million.

With our economy accelerating its growth rate from year to year, and Singapore turning into a global city with partying and drinking all night long, and with F1 coming to our shores, the future is bright. And with the STI at near record high, everyone should just go out and get a piece or the action and a piece of property as well. As we always say in CS, Buy! Buy! Buy! MTL! Easy money.

I don't think condo prices are getting anywhere near their peak, there's still room for increase. The economy is doing well so far and there's nothing to indicate that it will drop in the short term.

Prices will continue to rise for the next 2 years.

Most Singaporeans make money from properties, so how to drop in prices? Now it is the sellers' call.

One of my friends just made $90,000 on paper gain from his HDB flat within 6 months.

Disclaimer: I did not say property price will continue to rise for the next 2 years.

 

[seanlim]

What goes up will always come down...:bsmilie:
Personally, find it not worth it to purchase at current price.
Maybe if you are more patient, wait for another economic downturn... :devil:

:think: :nono: ...bro, what goes up NEED NOT come down.
when warren buffet bought his Berkshire Hathaway back in the 80s...it was barelly 1.90 or sth per lot..now, it has never gone down...going at 19 500 per lot.


go figure

 

[buddy]

:think: :nono: ...bro, what goes up NEED NOT come down.
when warren buffet bought his Berkshire Hathaway back in the 80s...it was barelly 1.90 or sth per lot..now, it has never gone down...going at 19 500 per lot.


go figure

haha. good example. nevertheless, i am sure Berkshire will come down eventually as well.

 

[jsbn]

:think: :nono: ...bro, what goes up NEED NOT come down.
when warren buffet bought his Berkshire Hathaway back in the 80s...it was barelly 1.90 or sth per lot..now, it has never gone down...going at 19 500 per lot.


go figure

Bubble, bubble... *POP*

 

[seanlim]

haha. good example. nevertheless, i am sure Berkshire will come down eventually as well.

Thanks, that would prove one of the best investors of our time, Warren Buffet, wrong ..... plus the last 20 odd years of up trend... ><

 

[An drew]

haha. good example. nevertheless, i am sure Berkshire will come down eventually as well.

Unless Warren Buffet lives forever. :think:

 

[nemesis32]

Prices will continue to go up for next 2 years.. prime area esp with the IRs coming up. Best thing is hold (if you owns one) and sell within the next 2-3 years, after that rent for a year or so for the price to come down then buy lor..

Thats what i intend to do...

 

[chngpe01]

:think: :nono: ...bro, what goes up NEED NOT come down.
when warren buffet bought his Berkshire Hathaway back in the 80s...it was barelly 1.90 or sth per lot..now, it has never gone down...going at 19 500 per lot.


go figure

Is it? I had 10 lots of ST Assembly at $4ea a few years back. Recently I was forced to sell it in the buy back at $1plus. I did not even bother to look at the price or know the name change I think "STATSchipac" or something like that. So much for the theory of not coming down.

Perhaps a few will never come down but most will and some just disappear like mine

 

[auron]

When will condo prices ever going to drop....it has been increasing every week...now even the lowest end types are out of reach for me liaoz....:cry: It seems that everywhere is at least $650/sqft....:angry:

isn't that the million dollars question? if you know that, you will be very rich...
just like the stock market now, when is it going to burst???

 

[mcn]

hey sister

come come

there are still a plenty more in the outskirt that are not even close to $650/sqft (condo)... unless u r talking of that 999yrs of lease n above witch i am not too certain

check out the ura webby

When will condo prices ever going to drop....it has been increasing every week...now even the lowest end types are out of reach for me liaoz....:cry: It seems that everywhere is at least $650/sqft....:angry:

 

[yqt]

When will condo prices ever going to drop....it has been increasing every week...now even the lowest end types are out of reach for me liaoz....:cry: It seems that everywhere is at least $650/sqft....:angry:

Perhaps you're not really looking at the market properly since you mention " now even the lowest end types are out of reach for me liaoz....:cry: It seems that everywhere is at least $650/sqft....:angry "

In many developement, there are some units, selling at lower price due to facing, low floor, etc. At the low end of the market ie: 99 year lease hold, EC, not near town, etc, price are below $650/sqft. And if you're looking at resale, some 1200 sqft, 99 year lease hold units are selling for less than $500K.

Cheers

 

[Rashkae]

Perhaps you're not really looking at the market properly since you mention " now even the lowest end types are out of reach for me liaoz....:cry: It seems that everywhere is at least $650/sqft....:angry "

In many developement, there are some units, selling at lower price due to facing, low floor, etc. At the low end of the market ie: 99 year lease hold, EC, not near town, etc, price are below $650/sqft. And if you're looking at resale, some 1200 sqft, 99 year lease hold units are selling for less than $500K.

Cheers

I agree. Even a lot of "prime" flats are empty because of low floor, poor facing or "not breezy". It's the kiasu-friendly units that push the price up.

 

[yqt]

I agree. Even a lot of "prime" flats are empty because of low floor, poor facing or "not breezy". It's the kiasu-friendly units that push the price up.

I've not been activelly looking at the market, but I suspect that at $650/sqft you may be able to get a 1300sqft> with 99 year lease hold and about 1/2 hrs away from town. Possible?

 

[melvin]

I've not been activelly looking at the market, but I suspect that at $650/sqft you may be able to get a 1300sqft> with 99 year lease hold and about 1/2 hrs away from town. Possible?

Ya ... still possible try....can try those apartments...:bsmilie:

 

[melvin]

isn't that the million dollars question? if you know that, you will be very rich...
just like the stock market now, when is it going to burst???

Err....do u stand to gain anything if it go burst?:sweat: