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16-05-2012, 05:19 PM
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Help Appreciated
Hi property gurus. Appreciate some input on getting into the property market now.
I already own 3 properties (with outstanding loan of $800k). I am now looking for a 4th property. Should I buy residential despite the 3% extra stamp duty or should I look for commercial properties? It seems that commercial property prices have all shot up since the cooling measures were implement, is that right?
I am looking at properties around the $4M-6M band.
Thanks in advance for your valuable opinions. Positive or negative opinions will all be welcome. : )
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16-05-2012, 10:31 PM
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Are you for real? For someone shelling out that kind of money, you sounds like a noob.
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16-05-2012, 11:07 PM
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Millionaire Member
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Join Date: Jul 2010
Posts: 49
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Quote:
Originally Posted by propvest
Hi property gurus. Appreciate some input on getting into the property market now.
I already own 3 properties (with outstanding loan of $800k). I am now looking for a 4th property. Should I buy residential despite the 3% extra stamp duty or should I look for commercial properties? It seems that commercial property prices have all shot up since the cooling measures were implement, is that right?
I am looking at properties around the $4M-6M band.
Thanks in advance for your valuable opinions. Positive or negative opinions will all be welcome. : )
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Are you mad??I would strongly advise you against over-spending on property...Singaporeans out there have all gone bonkers over bricks and motars, there are no winners in this silly game apart from the greedy developers and agents.........a country where almost everyone is so highly leveraged and borrowing to the hilt to finance the purchase of ridiculously and highly priced properties cannot be moving in the correct direction...just look at the pathetic housing markets in US and Europe in the aftermath of the property market party....we will get there very soon....it is a question of when, not if
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16-05-2012, 11:15 PM
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Quote:
Originally Posted by Wiseman1
Are you mad??I would strongly advise you against over-spending on property...Singaporeans out there have all gone bonkers over bricks and motars, there are no winners in this silly game apart from the greedy developers and agents.........a country where almost everyone is so highly leveraged and borrowing to the hilt to finance the purchase of ridiculously and highly priced properties cannot be moving in the correct direction...just look at the pathetic housing markets in US and Europe in the aftermath of the property market party....we will get there very soon....it is a question of when, not if
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What's your estimate of the "when"?
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17-05-2012, 01:21 PM
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Quote:
Originally Posted by Wiseman1
Are you mad??I would strongly advise you against over-spending on property...Singaporeans out there have all gone bonkers over bricks and motars, there are no winners in this silly game apart from the greedy developers and agents.........a country where almost everyone is so highly leveraged and borrowing to the hilt to finance the purchase of ridiculously and highly priced properties cannot be moving in the correct direction...just look at the pathetic housing markets in US and Europe in the aftermath of the property market party....we will get there very soon....it is a question of when, not if
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thanks Mr Wiseman1. : )
another other suggestions then? i am not highly leveraged. i do not depend on collecting rental to pay my instalments. i am sitting on cash.
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23-05-2012, 10:57 AM
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Go regional! Go invest in KLCC, Siam, Kowloon etc.
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28-05-2012, 03:23 PM
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Verified Member
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Join Date: May 2012
Posts: 15
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Property market wont crash
Quite unlikely that the property market will crash. I think by introducing stamp duty instead of increasing interest rates, the demand for multiple properties may be reduced gradually but demand will always be high due to high rental yields and population increase. Developers for newly launched properties are all willing to give discount to offset the additional stamp duty. There's still money to be made as interest rates remain low. Cooling off the demand gradually will lead to steady and more gradual price increase which is a safer way to manage rather than changing interest rates which is risky business as it affects existing house owners who are subjected to new interest rates for their mortgages.
www.propertylaunch.org
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28-05-2012, 05:44 PM
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If it crashes, it crashes. No amount of analysis will prevent it. Post crash, a lot of 20/20 hindsight analyses will tell you "see... I told you so".
On the other hand, if it doesn't crash, it just doesn't crash!
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10-06-2012, 08:04 PM
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propvest,
Please go ahead and buy residential.
Especially the $4-6mil band (luxury and prime).
They are the most undervalued in Singapore right now.
Now cannot buy the Mass market and mid-market one.
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