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The best properties to own now are those along the Downtown and Thomson lines. When these lines are operational, property prices around the MRT stations along the lines will rise by at least 30%. From now to 2015, properties in the central region will fall from current prices by 5% but those suburban properties along these new lines will rise. Condos in Bukit Panjang, Hillview, Woodlands will definitely appreciate when the lines start operating. Some condos that will rise include Hillier, Skywoods, Foresque, Tree House, Eco Sanctuary, Hillion, Maysprings, Parc Rosewood, La Casa, Casablanca, Rosewoods. These condos will benefit significantly when the Downtown line and the Thomson lines begin. They will be popular as traveling time to the city will be cut down a lot.
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Agree. Many agents are "not that honest". As they would like to increase their number of downline, they would just paint you the best picture. An agent told me an average agent earns SGD 500K per year.
I was a registered agent now. I can see that before joining, many promises to "groom" you to the next level. After joining, you need to swim yourself. On the other hand, the are really good mentor too. It's a challenge to find them. Quote:
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This is very insightful analysis, enlightening indeed. In property investing don't always think that buying a property in prime district will be profitable. There are cases where people who bought D9 condos lose money because the price they paid was too high. Whereas places where people shunned (e.g. Jurong) actually make money.
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Gloomier prospects for property sellers, Singapore Property News, Singapore Property Guides & Articles - STProperty Singapore property bubble is going to burst | The Real Singapore |
You know, the strange thing is when you are looking to buy, you will feel that the prices havent drop, at best they are not moving up as fast as they were previously.
To say that prices will crash or the crash has already started is way premature. The current situation is not like in 2008/09 where the world economy was collapsing due to the US sub-prime problem. Then all the doom sayers were predicting the mother of crash. Many people the world over (S'poreans included) lost their jobs. But you know what? Many people sold off their homes hoping to jump back in to scoop up properties at rock bottom prices. My tenant was one of them. He waited and waited. Property prices did drop, but not to the extent that he expected. The next moment he realised, the property prices were on the uptrend again. He panicked and quickly grabbed a unit at a higher price than he would have liked. Still he counted himself lucky. Today's situation is all home made. The gahmen is engineering a soft landing through a series of CM, TSDR and MSR. Though they didnt say how much reduction in price they are looking for, it is not in their interest to cause a collapse. It does not serve anybody any good. One interesting thing to note is that developers are still bidding aggressively for land - how then can they launch the new property at lower prices? Also we are experiencing full employment, economy is chugging along happily. With the CM, TDSR, MSR speculators have long been weeded out. People who bought properties later with the CM, TSDR and MSR in place are not taking excessive loans - this only means that they are able to hold on to the property for long term. How much drop then could one realistically expect? Gurus have been predicting around 15% drop, but we have to wait and see. The window of opportunity will be small, because the gahmen could then step to remove or relax some of the measures, TDSR and MSR. Afterall, it is all home made factors. Quote:
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