Does this make sense?

[2100]

It's just punting. As long as the music has not stopped, no issue for the vested parties lah.

That time I entered the stock market in 2009 April. How man, it was even scarier, only diff is that it's market bottom then and now for property it's market peak. We were buying stuff that were literally on the brink of bankruptcy.

It is not in the interest of the govt to burst the bubble or create our mini sub-prime here.

 

[phoeniix]

Well ... they'll remain smart until, and if, the prices comes crashing and they are literally caught between a rock and a hard place.

 

[diver-hloc]

No Comment


Buyer Willing... Seller Willing​

 

[UncleFai]

30 years ago when a neighbour bought a flat at Ang Mo Kio, just about everyone in our floor chided them as "stupid" - "so expensive and so far away."

When the first flats were up in Bishan, a friend's parents who kena one near Bishan central turned it down as it was ex cementary area.

You never know...

 

[redstone]

Starchitect Phenomena.

First used to describe Bilbao, Spain's rise since the completion of the Guggenheim Museum. Using an architect's fame to sell property as branded goods.

 

[henry soh]

It does not make sense because buyer pays first deposit before the property is built, Buyer sees only drawing and seller uses money as part of capital. Then buyer waits 2-3 years. It is like paying money without receiving the goods.

 

[Big Kahuna]

If it can be sold at $3000/ft2 5 years later....then it is perfectly ok......Just like 10+ yrs ago.....the Marina Sails was launching like $600+/ft2 only.....but none of us dare to plunge......if not......today can shake leg liao :cry:

 

[Bukitimah]

There are many factors for the property prices today. Among others, some people pushing up the prices in order to make on those invested earlier, inflation, etc.

Although we keep reminding ourselves that in land scare Singapore, property has only one direction to go, it has no logic for the rate. This is man made. If everyone is making, who is loosing?

The bottom line, if you are in debt all your life for a roof over your head, think again. You don't live just for that roof!

 

[Hanalore]

At $2million a pop, it definitely doesn't make sense to me. This isn't Marina Bay or Sentosa Cove. Hell... it ain't even Bukit Timah.

1) If it's a place to live, then certainly there are slightly less beautiful apartments in the vicinity that sells for 40% less
2) If it's an investment, then I'm even more baffered:

• 
  suburban home prices have limited upside, given that prime area property prices have stagnanted. And the gap has been narrowing.

• 
  At best this property can fetch $6k rent a month (over-optimistic), which works out to $72k per year. Over a $2million investment, that's only a 3.6% gross annual return (72,000/2,000,000). That's a big risky investment just to get 3.6%. Please also factor property tax and other cost from this revenue. In comparison, putting the same amount in SMRT stocks should get you ~4% in dividend now. And the battered SMRT stock is far more liquid than a suburban condo.

 

[ricohflex]

Land was bid high at $550M which was $118M more than next highest bidder. They have to make the money back somehow. Current situation in Europe is dicey.
Some of PRC's property have recently been on drastic-cut-price sale. Read this. Speculators may be hurt.

 

[henry soh]

Today's ST. URA steps in to control those diagrams, drawings to be drawn up to scale.
Seller to get buyer's consent before making any adjustments. The new rules come into effect
from 18 May 2012

 

[asthio88]

How about $108m for a bungalow? The same sum was good enough for a whole building in Shenton Way area some 10 odd years ago :sweat::sweat: