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How much are you earning per annum?

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  #6641 (permalink)  
Old 04-02-2015, 05:38 PM
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Despite the 40% increase in supply of COE for Cat A, price drop by only $3k, which is about 4.6%.

What does this means? It means demand is very strong. Many people expected COE price to drop to by a lot but did not. This means in future COE bidding, prices will start to rise again.

DEMAND IS VERY STRONG.
Please don't come and defy the Law of economics.

With supply increasing rapidly, it is only time that the COE will plunge!

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  #6642 (permalink)  
Old 04-02-2015, 06:39 PM
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Age 32, diploma only, 75+K per annum. Single (and most probably single for the rest of my life).

I feel like i am scrapping at the bottom of the barrel compared to you guys... LOL

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  #6643 (permalink)  
Old 04-02-2015, 07:28 PM
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HO SAY LIAO!!

COE looks to starts it's downward descend.... very soon it will hit my low target..... It pays to wait patiently....

*Feeling excited*



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  #6644 (permalink)  
Old 04-02-2015, 09:12 PM
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HO SAY LIAO!!

COE looks to starts it's downward descend.... very soon it will hit my low target..... It pays to wait patiently....

*Feeling excited*
yes, finally i have supporter.
$30k here we come... Huat ah!
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  #6645 (permalink)  
Old 04-02-2015, 10:08 PM
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If coe go to $30k, i will buy a new car for my 18 yo son.
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  #6646 (permalink)  
Old 04-02-2015, 10:32 PM
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54/ 53, married couple with grown up son.
My income $80k pa, my wife's income $70k pa, my son's income $40k pa.
We live in an EC which we bought for $450k in 2005. Now paid up.
We plan to retire in 6 years time when our son gets married and live in his BTO flat.
We will rent out two of our rooms for $1000 pm each.
We also have passive come from dividends of $3000 pm.
Our total passive income will be $5000 pm.
This is enough as we just need to spend on food, utilities, condo fees and bus fares.
When we reach 65, we will get additional income from cpf life of $2400 pm.
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  #6647 (permalink)  
Old 04-02-2015, 11:38 PM
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Let me explain to you why by the very nature of the property market, there will always be discontentment over high property prices.

The property market in singapore is like a pyramid in terms of no vs price. Right at the top with very few nos is GCB followed by Bungalows,Semi D, terrace, condo, EC, HDB EA, 5 room, 4 room, 3 room and 2 rooms. The majority of people in Singapore stay in 4 room flats.

Let's say it is 2006 all over again.
A young couple buys a 4 room flat for $250k while an older couple buys a 1700sf FH terrace for 900k.

It is 2014. Young couple's 4 room flat is now worth $500k while older couple terrace is worth 1.8million..... The same 100% increase in price.

By your theory both couples are happy or equally happy. BUT do remember that the young couple, being young and knowing how to count, knows that a gain of $250k is NOT equal to a gain of $900k. In fact if ALL properties gained by 100%, the ones at the lower part of the pyramid will find it impossible to upgrade due to the simple fact that in 2006, the actual gap between the property that they own and what they aspire to get is small while in 2014, the gap has grown tremendously large.

This is the crux of the unhappiness behind the property price increases. There is only a group of people who may be happy I.e. The down graders or the people who Re selling to stay in Iskandar or Perth.

As for me, I am with the unhappy majority cos I am waiting to leap from HDB EA to terrace.
Bro, wait long long. Unhappy becos you cannot move to terrace??
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  #6648 (permalink)  
Old 04-02-2015, 11:39 PM
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If coe go to $30k, i will buy a new car for my 18 yo son.
Coe was $2 before, I can't comprehend why ppl think that it will Nvr come back down.
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  #6649 (permalink)  
Old 05-02-2015, 06:33 AM
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If coe go to $30k, i will buy a new car for my 18 yo son.
Then you better start preparing your cash now..... bcos the COE is going to sink to $30k soon. Every quarter we will have extra quota, it will drop $6k. It is happening soon.

Huat ah!
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  #6650 (permalink)  
Old 05-02-2015, 07:18 AM
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It's like the STI. It goes up or down with the economy. When you see retrenchments on a large scale in Singapore, you will see the COE plunging.

For now, it will not. Employment rate is still high, bank interest rates are low, property curbs are still in place, so people do have money to spend. The demand is there and is huge.

Quote:
Originally Posted by Unregistered View Post
Coe was $2 before, I can't comprehend why ppl think that it will Nvr come back down.
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