Posted: Fri Nov 13, 2009 7:44 am Post subject: 4 Bdrm HDB @ S$653,000
4 Bdrm HDB @ S$653,000. everything boils down to the basics. LOCATION, LOCATION, LOCATION. Now both laterally and vertically. Some of the arguments are quite valid, why don't the GOV sell land when it's cheap, suddenly released so many site when the Upper Thomson site sold at a high price. It's all boils down to $$$$. like someone mentioned providing more housing but not necessary at a lower price. Good luck to those that still haven't got a property, HDB or Private.
COV already drop liao and many sellers of second hand condos are now lowering their asking price. The only property that will hold up prices is landed and that's all. Why kid urself by sayung prices still going up when just look at the papers, sellers are lowering the prices already. If u want to sell urs, sell now before casinos open as i am also selling mine and guess what, no buyer till today all enquiry.
COV dropped,becoz it being added into the valuation. All duely to all past high transactions. Slowly over time,valuation keep going up,with COV will drop abit. And no buyer enquired, as Q4 is slower. Buyers are holidaying planing with family.
The good money in March09 was in buying stocks. That is now over. I'll tell you what the good money is to be made now. It is in waiting for the property bubble to burst. That's where the next opportunity is coming.
When people find they cannot service their loans and cannot dispose of them because of illiquidity, prices will naturally drop. Don't worry, it will drop. It will start with Hong Kong.
Property is not like stocks. Burst for property means 10 percent drop across the board. Many people who sold earlier this year hoping to buy back cheap now probably very upset seeing prices stable and rising steadily while cash is losing value every day.
Joined: 17 Aug 2007 Posts: 3562 Location: SINGAPORE
Posted: Sun Nov 08, 2009 9:57 am Post subject: Re: GOOD NEWS: CHEAPER PROPS BECAUSE...
LTinvestor2009aX wrote:
Ample supply of housing in private market, says Minister Mah By Hoe Yeen Nie & Jeremy Koh, Channel NewsAsia | Posted: 07 November 2009 2217 hrs
SINGAPORE: National Development Minister Mah Bow Tan on Saturday repeated his assurance that there is an ample supply of housing in the market.
This comes a day after the government announced it was offering more residential sites for sale next year.
A plot of land will be put on sale next January, one of eight sites to be sold in the first half of 2010, and another 16 sites will be made available if there is demand.
In all, these could see a potential 10,000 private residences in the next few years.
Along with another 60,000 units in the pipeline, the government says there is no shortage of new homes.
Mr Mah said: "It's hard for me to predict what prices will be like, but what I do know is that there is ample supply so therefore there is really no reason for there to be a rush, a panic to buy. And that in itself will help to moderate prices."
Private home prices hit record highs recently, prompting government measures to cool the market.
However, the minister said there is currently no indication of a speculative bubble.
The worry now, he explained, is whether there is an under-supply in the market. Hence, the government will release enough land to meet medium-term demand, and let the market decide.
On public housing, one issue that has drawn attention was the housing board's latest annual report, which showed a deficit of S$2 billion.
The amount is twice that of the previous financial year.
Mr Mah said the HDB makes a loss each time it gives out subsidies to first-timer home buyers, and when it sells flats lower than their cost price. The reason for the high deficit was because more flats were offered for sale last year, compared to the year before.
"The question is of course, should HDB be making a loss? The answer is yes," said Mr Mah. "It is making a loss and the government gives it grants every year to cover the losses, mainly because we're giving subsidies to people to buy flats to make flats affordable to first timers. That is why we're making a loss."
Too many leftovers, so price will go down further. Govt releasing more sites to build props... those flush with cash now probably spolit for choice to upgrade...
HDB must make loss so that Sg can enjoy cheaper housing when they buy flats first time.
Don't be too happy so soon, they change their plan every quarter and the most important point is, will the delevopers take the bite? If the land is so fu#king high price, who buy?
Joined: 19 Jun 2005 Posts: 13923 Location: 命里有时终需有, 命里无时莫强求
Posted: Sun Nov 08, 2009 9:50 am Post subject:
flagship wrote:
Danielxx1 wrote:
The good money in March09 was in buying stocks. That is now over. I'll tell you what the good money is to be made now. It is in waiting for the property bubble to burst. That's where the next opportunity is coming.
When people find they cannot service their loans and cannot dispose of them because of illiquidity, prices will naturally drop. Don't worry, it will drop. It will start with Hong Kong.
Dont worry, property wont crush.. this is due to i have hold quite a fair bit of properties.
ya .... property won't crush unless there's earthquake .... but property prices can crash .....
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