22-11-2013 10:06 PM | ||
Unregistered | Ya, i totally agree. I have a million SGD in 2009 and I bought three properties one month between each other and it is at the suburbs. I bought at around SGD 500K each and now each worth SGD 1.2M. I paid 20% downpayment and use HDB as collateral bcos bank refused lend so much. So SGD 300K turned out to worth SGD3.6M, a 12 times profit. I bought SGD500K in shares and profits though less, but still decent, they have roughly doubled or tripled, worth SGD 1.5M. Totally, my 1M at start turn to 5.1M in 5 years. Thanks Obama for your cheap money. If I am US citizen, I surely vote for you. | |
25-06-2013 07:39 PM | ||
Unregistered |
Yep, looks like the property cycle may be turning the corner again. At least the stocks are falling now. Get ready to shop. I bought a condo unit for own stay in 2009 at 900k, now it is worth 1.6m. My buddy was the champion. He bought a unit at the lowest, at 600k, and now worth 1.5m. Quote:
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25-06-2013 04:46 PM | ||
Unregistered |
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25-06-2013 03:59 PM | ||
Unregistered |
Quote:
If someone had followed this piece of advice in 2009, he/she would indeed have had paid $200k (pre-cooling measures) and borrowed $800k to buy a $1m house, and probably managed to rent it out to cover interests and expenses. And likely the house is worth $1.4m now! |
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05-07-2009 09:16 PM | ||
not true | The rich get greedy and get burnt, like Oei Hong Leong. It’s been said that recessions are game changers. Some move down the ranks and some move up. If you had been prudent and live within your means, you can move up by buying low during this game changing period and selling high during the “good times” when eveyone feels like an investment guru. I know, cos I moved up a few notches doing this. | |
05-07-2009 09:15 PM | ||
wiseinvestor |
This is what rich people has been doing all along to expand their wealth simply because they have more than enough liquid assets like cash, fixed deposits to cover the next 10 years of their living expenses. Although no one can catch the bottom but most definitely can know where the general bottom and top lies using certain clear metrics like equity risk premium of STI. But most average Singaporeans, especially lower-middle and even middle-middle income with bills here, there and everywhere can only look and see the opportunity pass them by as they simply don’t have excess cash that can hold on to investment grade blue chips for more than 2 years. “Set aside enough money to cover 1 year’s worth of your family expenses, just in case.” |
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28-04-2009 12:56 PM | ||
teck-- |
4598 I agree with Bottom?. No one knows where the bottom is. Are we at the bottom of the property price index? Probably not. Rentals are done sharply Q1 2009, and likely to head further south, thereby dragging down prices further. HDB valuations are going to head south as well, all the people who bought properties after June 2007 on the deferred payment scheme are still having nightmares knowing there is nothing they can do but sit and pray. But I swear, if you are thinking of buying a property for investment and you have not yet started looking around and doing your sums, but just sitting around talking down property prices, you are one of those people who only know how to talk, and will probably not have the guts to put your money where your mouth is when the time comes. Always remember for any given property cycle, or even any single development per time period, only ONE buyer will get the lowest price, and everyone else is a 'loser' for not buying at that price. This person probably didn't even aim to be the lowest priced buyer. he or she probably just thought, good price, good upside, I buy now. That's all. Focusing too much on the downside (ie being all negative) and you may well miss out totally when the boat floats again and you are still looking for the bottom. Don't just be just a theory expert, start looking now if you are interested. |
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27-02-2009 01:04 AM | ||
UBS-- |
4185 Start shopping around for property units, but DON'T BUY YET. A recent UBS report says "we expect mass market and prime residential property prices in Singapore to decline by 20-30% and 40-50% respectively from their peaks in mid-2008 to a potential trough by mid-2010. It thus constitutes another 15-25% and 30-40% decline from the current prices for mass market and prime residential properties, respectively." |
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25-02-2009 12:25 PM | ||
adiemuso-- |
4158 No worries. We all learn from mistakes. |
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25-02-2009 11:12 AM | ||
admin-- |
4155 Not buy immediately, but start looking. My recommended strategy is to buy low and sell high. So when better to buy than during a recession? See also my lament on why people were flocking to buy at the height of the boom (or near it) in 2007. Thanks for the chance to clarify. |
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