12-09-2008 08:39 AM | |
Curious-- |
2644 Dear blog owner. Can you please update us with the latest graph? Thank you very much. |
02-08-2008 06:03 PM | |
Engineer or Finance-- |
2345 tO sc. My advise to you is to sell it now.I am expecting the property will be bad in singapore especially 2009. Well you have to remember this rule. You can make 22k, you must also be able to lose 22k. Sell now : ) |
20-07-2008 05:13 PM | |
Wayne--- |
2234 I would suggest waiting another 2-3 years before going into property as an investment. See more details at http://www.waynekoh.com/2008/06/singapore-private-residential-property.html |
23-06-2008 11:56 PM | |
to sc--- |
2017 If you have holding power, you can considering exercising the option, but be prepared to hold long. Take a look at this story: http://www.salary.sg/2008/case-study-3-how-couple-got-stuck-with-property/ Otherwise you can try to very quickly find a buyer (maybe your agent?) willing to pay par value or slightly less, before giving up your 22k tomorrow. |
23-06-2008 05:39 PM | |
sc--- |
2015 Hi, I need some advice here. I just bought a property the vutton for psf 1242. I'm due to exercise the option tmr but i'm wary about how the mkt is going to look going forward. I think if it goes down 20%, I will lose 100k. But if I pull out my option now, I lose 22k...It's very tough decision and any advice would be appreciated. |
11-06-2008 05:50 PM | |
Charles--- |
1910 Andy, There will be tremendous gains if there is change of regulation for 99 year leasehold landed property. The foreigners are used to staying at houses in their hometown and not Condos. The bank previously only lend money for property with lease less not less than 60 yrs lease balance. It has changed their regulation and lends money to those with min 35 yrs lease balance last year (if not in since 2006). Hence, the potential for this type of property is good. In fact, the price differential between 99 year old leasehold against freehold is too big a gap now. Thumb of rule for the price difference is between 20-25%. If 99 year leasehold gap is bigger than the indicated percentage, then it is good bargain. It is of two different market segments for 99 years leashold property as well as for freehold property. It pays less (factoring in mortage loan interest) and less affordable for 99 year than freehold. In fact, there are quite good landed property with 99 years leasehold selling cheaper than freehold condos. Good to have 3 storeys terrace with gardens to run about as compared to single apartment Condo. The bank interest is of all time low now and it is great time to lock in now. The interest savings easily offset any price reduction if it happens. Cheers! |
11-06-2008 12:22 AM | |
Teddy--- |
1903 Andy, Buying property is long term commitment and it is worth to buy landed property in singapore as it will definitely appreciate over time. The price at sail is still going strong despite all negative news on potential USA recession. It might not be long before gov changes regulation allowing foreigners owning landed property in Singapore. It will be difficult to relax on freehold but it should not have any issue to release 99 yr leasehold to foreigner since gov already granted foreigner to own freehold at Sentosa area. 99 yr landed property will benefit is regulation changes. It is just a matter of time. Can consider to buy now if you are thinking of long term investment. |
10-06-2008 05:36 PM | |
Buy--- |
1897 Andy, then you should buy property now. |
10-06-2008 04:53 PM | |
Andy--- |
1896 Charles, I agree with you. I have been monitoring the property market for the past six months and the "expert' in June 07 predicted for 15% price drop by March 08, and another 25% drop by June 08. Nevertheless, price went up approx 10-12% instead for private property at Chou Chu Kang area for landed property such as Villa Verde. The prices for HDB resale also hold strong. The newly launched HDB price at Sengkang by HDB also stating S$370K for 5 rm hdb flat. In line with Government's plan to glow singapore population with influx of foreigner (now4.3 million) to 6 million, there is huge potential for property market to rise further. Singapore is also promoting as an Education hub, and many foreign students are coming here to study and rent flats/property. Inaddition, if you talk to construction firm, there are too many projects for them to handle for the next few years and they could afford to reject contracts with low margins! |
10-06-2008 01:19 PM | |
Charles--- |
1891 I do not think price will drop further and it is great time to buy now. Reason being rental yield is excellent and many of my friends are going in now to buy and rent out. With the incoming of Many Indians and PRC to Singapore, the price of rental as well as property price will stay or rise. Those that are affected are those speculators. The landed property distance from CBD area benefitted from those expats relocating to places such as CCK and Jurong. Price has increased to 15%-20% for properties in these areas. Strongly believe now is best time to buy and wait for prices to rise next year. Analyst are normally not correct, especialy when they say down it then went up. |
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