This is the dangerous game to play.
Assuming you sell and rent for next two years, and buy a property after 2 years, you will lose $3k/mth x 24 = 72k on rental, and 800k x 0.03 = 24k on stamp duty, 16k on agent fees, 5k lawyers fees.
So you are breaking even if property drops 15% in next two years.
The sibor interest rates will stay low at below 1% until 2016 or even 2017, so costs of holding on the properties are extremely low so many people will hold on even if rental yields are low.
Quote:
Originally Posted by Unregistered
HDB COV already crash, next HDB prices will crash too. We now have oversupply. If you own a HDB flat, you can cash out now and rent. After the market crash by 50% or 60% as predicted by some, you can then buy a condo at half the current price. For example, if you sell your 5 room hdb flat now at $800k (no more loan), if price drop by 50%, you can then buy a Bukit Timah condo which is now valued at $1.6m today at $800k later. Wait patiently. Our oversupply glut is terrible, unless more FTs come in to rent.
|