Record HDB price - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Investments and Net Worth

Investments and Net Worth Talk all about money making exploits, shares, property, building net worth and retirement matters




Record HDB price

Reply
 
Thread Tools
  #1 (permalink)  
Old 15-06-2007, 12:56 PM
Salary.sg
Guest
 
Posts: n/a
Default Record HDB price

The New Paper reported today that a 5-room HDB flat in Jalan Membina has been sold for a record-breaking $675,000.

The apartment is sold even before a valuation has been done on it.

I did a check on the recent resale transactions in Jalan Membina for 5-room flats and found that there have been only 4 transactions in the past 3 months. The transacted prices range from $528k to $550k.

This is probably why a property agent mentioned in the TNP article said the flat is worth an estimated $550k.

If indeed the valuation of the flat (when it's done) comes to $550k, this means the flat is sold at an amazing $125k above valuation!

So how do you know if your flat can fetch a good price? According to property agents (as mentioned in the TNP article), these are the factors:

- Location. A central location will be good, e.g. Tiong Bahru, Queenstown and Toa Payoh. Jalan Membina is right in Tiong Bahru and "minutes away from Orchard Road."
- Size of flat. Bigger flats are in greater demand, e.g. 5-room, executive flat, maisonette.
- Near to MRT station. The Jalan Membina flat is just a stone's throw from the Tiong Bahru MRT train station. Need we say more?
- Have good view. Generally, the higher floor, the better view. If your flat offers a view of the sea, or the Central Business District landscape, you're in luck.
- Not too old. Apparently, estates in the central region are generally quite old. However, that doesn't mean there are no new apartment blocks being built in these estates. The Jalan Membina flat is one example - its lease commenced in 2003.

Why are such flats in high demand now?
Quote:
"Private property owners dislodged by recent enbloc sales see such flats as a relatively cheaper replacements for condominium units... can fetch $50,000 onwards in cash above their value, agents say."
http://www.salary.sg/2007/record-hdb-price/

Reply With Quote
  #2 (permalink)  
Old 15-06-2007, 08:35 PM
s1gen---
Guest
 
Posts: n/a
Default 238

Sometime ago in the 1990s, there was also a HDB mutli-generation flat being sold for a large ticket price, then, for HDB. Subsequently, the property fell sharply due to government measures. Is this another sign of an imploding property market? Maybe one should ask, how much was that flat being sold for now?

Reply With Quote
  #3 (permalink)  
Old 17-06-2007, 10:42 AM
s1gen---
Guest
 
Posts: n/a
Default 244

I guessed it make sense to borrow and buy HDB as the financing is ridiculously cheap. Also, add in the expectations that HDB do not evict mortgagee (Duh !), then it seems to make sense to pay as much as possible, use the money from enbloc(if any) and speculate!

Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
SingTel Raises Subscription Price by 10% Salary.sg Investments and Net Worth 4 17-10-2008 10:12 AM
Another HDB record Salary.sg Investments and Net Worth 0 16-06-2007 09:03 PM

» 30 Recent Threads
Q: Management Associate at SGX ( 1 2 3... Last Page)
89 Replies, 12,300 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
133 Replies, 65,199 Views
How much do you earn and save?
9 Replies, 232 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
931 Replies, 741,308 Views
Officer Role in Bank of Tokyo -... ( 1 2 3... Last Page)
179 Replies, 143,166 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
2,689 Replies, 1,255,479 Views
Career as Teacher ( 1 2 3... Last Page)
2,572 Replies, 1,555,048 Views
For local U grads, how well are...
3 Replies, 311 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
2,839 Replies, 1,060,411 Views
Lawyer Salary ( 1 2 3... Last Page)
5,731 Replies, 2,393,551 Views
Local Uni Class of 2020 - COVID19... ( 1 2 3... Last Page)
256 Replies, 48,282 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
1,998 Replies, 921,964 Views
Compare civil service salary ( 1 2 3... Last Page)
9,746 Replies, 5,459,959 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,160 Replies, 881,469 Views
Roles in accenture singapore ( 1 2 3... Last Page)
331 Replies, 241,172 Views
Marsh Graduate Development Program ( 1 2 3... Last Page)
58 Replies, 5,130 Views
Constituency Manager (People... ( 1 2 3... Last Page)
861 Replies, 439,271 Views
Mid-Year Civil Servant Bonus 2019 ( 1 2 3... Last Page)
1,478 Replies, 749,398 Views
Dsta ( 1 2 3... Last Page)
817 Replies, 535,310 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,221 Replies, 1,862,665 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
71 Replies, 110,569 Views
Diploma in Digital Marketing at...
3 Replies, 1,101 Views
anyone working at NCS ? ( 1 2 3... Last Page)
355 Replies, 275,478 Views
Whats your net worth ( 1 2 3... Last Page)
2,711 Replies, 781,109 Views
DBS Management Associate Program... ( 1 2 3... Last Page)
1,308 Replies, 236,417 Views
Pay grade at CSA ( 1 2 3... Last Page)
104 Replies, 23,969 Views
Cold calls/emails to HR ( 1 2)
13 Replies, 1,324 Views
Insurance Agent to Bancassurance...
7 Replies, 5,167 Views
ITE lecturer ( 1 2 3... Last Page)
121 Replies, 114,180 Views
Insurance Management Associate... ( 1 2 3... Last Page)
60 Replies, 16,457 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 05:05 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2