How to be rich?

i suggest you buy now.

landed will probably rise 10 pct this year, and will continue to grow year after year in Singapore.

don't thank me now, you can thank me in 10 years time when your 2.5 mil semi-d becomes 10 mil.

Originally Posted by Unregistered

i suggest you buy now.

landed will probably rise 10 pct this year, and will continue to grow year after year in Singapore.

don't thank me now, you can thank me in 10 years time when your 2.5 mil semi-d becomes 10 mil.

i disagree. do u think income levels will rise 4x across the board in 10 years? if not, that means asset inflation will surpass income rise - this will make people who don't have assets very frustrated very angry, young people especially. and young people are gonna cast a lot of votes in 10 years' time.

(someone said they aim for only 30% rise in wages or something...)

Originally Posted by Unregistered

i disagree. do u think income levels will rise 4x across the board in 10 years? if not, that means asset inflation will surpass income rise - this will make people who don't have assets very frustrated very angry, young people especially. and young people are gonna cast a lot of votes in 10 years' time.

(someone said they aim for only 30% rise in wages or something...)

The writer above wrote "landed" hence he was referring to "landed properties", which have nothing to do with "frustrated very angry, young people".

"Landed properties" are a privilege and not an entitlement. Income levels do not need to rise "4x across the board" for "2.5 mil semi-d becomes 10 mil".

The government only needs to keep the price of HDB and mass market condos in check.

Originally Posted by Unregistered

The writer above wrote "landed" hence he was referring to "landed properties", which have nothing to do with "frustrated very angry, young people".

"Landed properties" are a privilege and not an entitlement. Income levels do not need to rise "4x across the board" for "2.5 mil semi-d becomes 10 mil".

The government only needs to keep the price of HDB and mass market condos in check.

Well when landed prices go up by 4x, there will be a trickle down effect. Maybe HDB will go up by 3x? Still it will frustrate young people.

Originally Posted by Unregistered

Well when landed prices go up by 4x, there will be a trickle down effect. Maybe HDB will go up by 3x? Still it will frustrate young people.

no way HDB will rise 3x... now HDB rise a little bit the poor already make so much noise, MBT got kicked out of the CEC, PAP prob will lose one maybe two GRC this GE... you think the next property minister dare to let the HDB rise again?

Originally Posted by Unregistered

no way HDB will rise 3x... now HDB rise a little bit the poor already make so much noise, MBT got kicked out of the CEC, PAP prob will lose one maybe two GRC this GE... you think the next property minister dare to let the HDB rise again?

why not? we have someone here looking forward to his landed property go up to 4x. unless the next "property minister" can let private property go up without affecting HDB prices. you think this is possible?

Originally Posted by Unregistered

why not? we have someone here looking forward to his landed property go up to 4x. unless the next "property minister" can let private property go up without affecting HDB prices. you think this is possible?

It can be done easily by building 160-storey HDB flats.

1. World's Tallest Building: Burj Khalifa in Dubai, United Arab Emirates. Completed in January 2010 with 160 stories which reach 2,716 feet (828 meters) high!

Imagine if some disaster struck and these "160 HDB" flats collapsed! It will be a real catastrophe

[chnrxn]

Is property still viable as a way to build wealth in Singapore, in the light of the current situation?

With the large numbers of fresh new HDB BTO, DBSS, EC, and private developments being launched since 2010 till now, what are the chances by 2013-2014, of:

1. the supply of housing exceeding demand, leading to a fall in prices and rentals,

or

2. the population or number of foreigners increase more than the new supply, continuing to prop up the prices and market?

What are your views?

Originally Posted by Unregistered

It can be done easily by building 160-storey HDB flats.

1. World's Tallest Building: Burj Khalifa in Dubai, United Arab Emirates. Completed in January 2010 with 160 stories which reach 2,716 feet (828 meters) high!

There is a height restriction (~300 m) in Singapore.