HDB costs like 1/4mil nw.
1/4mil brand new from HDB and 1/2mil also have for Resale!
HDB costs like 1/4mil nw.
Don't be too sad....read this and think :think:
http://extraordinaryprofits.blogspot.com/2007/06/your-home-may-be-your-worst-investment.html
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.
Indices anyone? ;p
STI seems to be going up, up and up.
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.
:think: :nono: ...bro, what goes up NEED NOT come down.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
Bubble, bubble... *POP*: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
Thanks, that would prove one of the best investors of our time, Warren Buffet, wrong ..... plus the last 20 odd years of up trend... ><haha. good example. nevertheless, i am sure Berkshire will come down eventually as well.
haha. good example. nevertheless, i am sure Berkshire will come down eventually as well.
: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
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:
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:
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
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?
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???