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05-01-2015, 10:20 PM
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My family and I moved from our landed home last year to a condo to take advantage of our landed property price. Our landed property price rose too much and we decided to take profit and so we make a ton of money. After that we moved to a new condo and paid for it in cash. We really enjoy staying in a condo because of the beautiful landscaping and the amenities.
We realized that living in our landed home had a few disadvantages: (1) many cars parking at the road side creating a congested space and an eye sore (2) neighbors looking into your home from their balconies (3) people looking into your homes when they walk pass by (4) costly maintenance (5) high utilities bills (6) dogs barking (7) no security (8) salesmen and property agents knocking on your door. The only good thing about landed property living is the space inside.
When my wife and I retire, we plan to retire in a condo because we love condo living. We rather downgrade to a small studio condo unit than moving to a bigger HDB flat. The downgrade then allows us to get cash for us to invest in the stock market for dividends. For instance, if we sell our condo at $1.8m, we then buy a studio condo unit for $800k, we will have $1m cash to buy dividend stocks which can give us dividends.
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05-01-2015, 11:21 PM
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Quote:
Originally Posted by Unregistered
The first COE bidding for 2015 has started.
Let's celebrate!
COE prices will rise as 100,000 car owners are changing to new cars this year!!!!!!!
If your need a new car for CNY to show to your friends and relatives, buy your new car now.
With cheap oil, better to own your own car than take a taxi. Oil price drop but taxi fare never drop, so better buy new car.
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Car Salesman Strikes Back.....you a bit pushy leh...macam like used car salesman....
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06-01-2015, 05:24 AM
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Dow jones plunging.... world crisis coming.... COE going to drop like a rock.... STAY TUNED! HUAT AH!
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06-01-2015, 08:14 AM
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Good news!
Oil prices plunging again and this means the price of petrol will also plunge. This makes owning and running a car much, much cheaper. Since taxi fare rates did not fall, it is now better to own and drive your own brand new car than to give away your hard earned money to taxi uncles. Also you don't have to worry about not getting a taxi when it rains or during peak hours.
COE prices will conitinue to rise further as more people are buying new cars.
Supply for COE for 2015 is 100,000. But demand is more than 100,000, maybe 200,000 or even 300,000. The rise is demand for car is due to these factors:
1. Families are getting richer as income has shot up over the past 10 years. Many families own more than one car. Some even 3 or 4 cars as more members are now working in the family.
2. Oil prices now very cheap.
3. Population growth which means higher demand for cars.
4. Young graduates earning a lot more. The good ones can even start earning $10k pm.
5. Families made lots of profits flipping their BTO flat. For example they bought their BTO flat 5 years ago at $200k. Today they sell at $500k and then buy a 2nd BTO at $300k. So they first made profit of $300k and for for their 2nd BTO, they only need to pay 20% downpayment, some more can pay some using CPF. So, they have lots of cash in hand. So many of them use their surplus cash to buy brand new cars. Very cheap only $100k - $200k and they can take 50% loan. So need only cash of $50k - $60k. So easy since they have cash from flipping their BTO flat. So cheap BTO flats will drive demand up and up!
6. Many people desire to buy new cars to show off as a symbol of their success.
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06-01-2015, 10:29 AM
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Quote:
Originally Posted by Unregistered
Good news!
Oil prices plunging again and this means the price of petrol will also plunge. This makes owning and running a car much, much cheaper. Since taxi fare rates did not fall, it is now better to own and drive your own brand new car than to give away your hard earned money to taxi uncles. Also you don't have to worry about not getting a taxi when it rains or during peak hours.
COE prices will conitinue to rise further as more people are buying new cars.
Supply for COE for 2015 is 100,000. But demand is more than 100,000, maybe 200,000 or even 300,000. The rise is demand for car is due to these factors:
1. Families are getting richer as income has shot up over the past 10 years. Many families own more than one car. Some even 3 or 4 cars as more members are now working in the family.
2. Oil prices now very cheap.
3. Population growth which means higher demand for cars.
4. Young graduates earning a lot more. The good ones can even start earning $10k pm.
5. Families made lots of profits flipping their BTO flat. For example they bought their BTO flat 5 years ago at $200k. Today they sell at $500k and then buy a 2nd BTO at $300k. So they first made profit of $300k and for for their 2nd BTO, they only need to pay 20% downpayment, some more can pay some using CPF. So, they have lots of cash in hand. So many of them use their surplus cash to buy brand new cars. Very cheap only $100k - $200k and they can take 50% loan. So need only cash of $50k - $60k. So easy since they have cash from flipping their BTO flat. So cheap BTO flats will drive demand up and up!
6. Many people desire to buy new cars to show off as a symbol of their success.
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Pls crawl back to the car show room. It is day time already....
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06-01-2015, 04:08 PM
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The Singapore Motor Show 2015 will be from 15 Jan - 18 Jan 2015.
There will most likely be lots of bookings for new cars especially from the 100,000 car owners who need to change car this year.
This means COE prices during the 2nd Jan 2015 COE bidding exercise will rise significantly due to the heavy demand for new cars.
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06-01-2015, 06:03 PM
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Quote:
Originally Posted by Unregistered
The Singapore Motor Show 2015 will be from 15 Jan - 18 Jan 2015.
There will most likely be lots of bookings for new cars especially from the 100,000 car owners who need to change car this year.
This means COE prices during the 2nd Jan 2015 COE bidding exercise will rise significantly due to the heavy demand for new cars.
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Short term yes it might increase
But come mid term 2016, it will drop to $30k, no doubts about it
Key is Be patient
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06-01-2015, 06:49 PM
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Quote:
Originally Posted by Unregistered
Good news!
Oil prices plunging again and this means the price of petrol will also plunge. This makes owning and running a car much, much cheaper. Since taxi fare rates did not fall, it is now better to own and drive your own brand new car than to give away your hard earned money to taxi uncles. Also you don't have to worry about not getting a taxi when it rains or during peak hours.
COE prices will conitinue to rise further as more people are buying new cars.
Supply for COE for 2015 is 100,000. But demand is more than 100,000, maybe 200,000 or even 300,000. The rise is demand for car is due to these factors:
1. Families are getting richer as income has shot up over the past 10 years. Many families own more than one car. Some even 3 or 4 cars as more members are now working in the family.
2. Oil prices now very cheap.
3. Population growth which means higher demand for cars.
4. Young graduates earning a lot more. The good ones can even start earning $10k pm.
5. Families made lots of profits flipping their BTO flat. For example they bought their BTO flat 5 years ago at $200k. Today they sell at $500k and then buy a 2nd BTO at $300k. So they first made profit of $300k and for for their 2nd BTO, they only need to pay 20% downpayment, some more can pay some using CPF. So, they have lots of cash in hand. So many of them use their surplus cash to buy brand new cars. Very cheap only $100k - $200k and they can take 50% loan. So need only cash of $50k - $60k. So easy since they have cash from flipping their BTO flat. So cheap BTO flats will drive demand up and up!
6. Many people desire to buy new cars to show off as a symbol of their success.
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Buto Lah U
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06-01-2015, 06:49 PM
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Quote:
Originally Posted by Unregistered
Short term yes it might increase
But come mid term 2016, it will drop to $30k, no doubts about it
Key is Be patient
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That's your wishful thinking. Not likely. In 2016, another 100,000 car owners will be changing to new card. Don't forget demand will be higher than 100,000, should be around 250,000 buyers at least.
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06-01-2015, 07:46 PM
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Quote:
Originally Posted by Unregistered
That's your wishful thinking. Not likely. In 2016, another 100,000 car owners will be changing to new card. Don't forget demand will be higher than 100,000, should be around 250,000 buyers at least.
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dont be a cuckoo lah
where does the 250,000 buyers come from?
if they want to buy, they would have appeared last year.
the only reason when there are 250,000 buyers is when COE drop to $1
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