Pasir Panjang condos....a good buy?
- Thread starter BMWM3
- Start date
wt_know
Well-Known Member
Re: Pasir Panjang condos....a good buy?
everyone is waiting for correction. if you check condosingapore forum, it seems like many is waiting to whack. like that how to low ball? how to correct? in this point, i agree with the so called property experts that demand is there ... all waiting only. drop $50psf all cheong.
everyone is waiting for correction. if you check condosingapore forum, it seems like many is waiting to whack. like that how to low ball? how to correct? in this point, i agree with the so called property experts that demand is there ... all waiting only. drop $50psf all cheong.
Re: Pasir Panjang condos....a good buy?
Agree with wt_know above - barring the occurrence of a relatively big crisis (e.g. china credit bubble bursting, WW3, etc.), a significant (>20-30%) correction in property values in Singapore is unlikely. There is too much cash waiting to be dumped into new downpayments. The property bubble that arose out of the 2008/2009 crisis has conditioned folks in Singapore to the notion that investing in property is the (quick) way to achieving financial freedom, although it is ironically one of the most illiquid assets around. If property prices so much as touch the 20% dip point, I think we'll see homes being snapped up soon enough.
Agree with wt_know above - barring the occurrence of a relatively big crisis (e.g. china credit bubble bursting, WW3, etc.), a significant (>20-30%) correction in property values in Singapore is unlikely. There is too much cash waiting to be dumped into new downpayments. The property bubble that arose out of the 2008/2009 crisis has conditioned folks in Singapore to the notion that investing in property is the (quick) way to achieving financial freedom, although it is ironically one of the most illiquid assets around. If property prices so much as touch the 20% dip point, I think we'll see homes being snapped up soon enough.
richardwan
Active Member
Re: Pasir Panjang condos....a good buy?
It is the same as COE.
Everyone is ready to come in once COE falls. Everyone is ready to come in once property prices falls.
Even if COE/property prices falls, it will rebound back instantly with the pent-up demand.
With regards to your question, Pasir Panjang is still "undiscovered", as compared to the hugely popular central, east coast, north-east areas. With MRT in place for a while, the area should have had a revival. While psf price is relatively on par with current property trends, demand for the area has not been spectacular. Seems like the only place for amenities is VIVO, and other stations still are lacking in the amenities department. Maybe once the various mixed developments are ready, it could be a different story.
The old old adage still hold true. No matter 99 year or freehold (which most Pasir Panjang are), the best and safest bet for property in Singapore (no matter which part of Singapore) is
1. Near MRT
2. Near Shopping
3. Near good schools
It is the same as COE.
Everyone is ready to come in once COE falls. Everyone is ready to come in once property prices falls.
Even if COE/property prices falls, it will rebound back instantly with the pent-up demand.
With regards to your question, Pasir Panjang is still "undiscovered", as compared to the hugely popular central, east coast, north-east areas. With MRT in place for a while, the area should have had a revival. While psf price is relatively on par with current property trends, demand for the area has not been spectacular. Seems like the only place for amenities is VIVO, and other stations still are lacking in the amenities department. Maybe once the various mixed developments are ready, it could be a different story.
The old old adage still hold true. No matter 99 year or freehold (which most Pasir Panjang are), the best and safest bet for property in Singapore (no matter which part of Singapore) is
1. Near MRT
2. Near Shopping
3. Near good schools
T6
Well-Known Member
Re: Pasir Panjang condos....a good buy?
I used to live there for 13 years till late 2013. No good schools near by but very residential. Very nice place to stay in selected parts as not too much of nightmare to drive to CBD. On weekends, roads quite deserted. The selected be near the 2 MRT stations. Dont choose those where the roads are narrow or barely any public transportation. Still worth a buy if you can get at $1100 psf. Mainly free hold properties so dont buy the rare 99 ones.
I used to live there for 13 years till late 2013. No good schools near by but very residential. Very nice place to stay in selected parts as not too much of nightmare to drive to CBD. On weekends, roads quite deserted. The selected be near the 2 MRT stations. Dont choose those where the roads are narrow or barely any public transportation. Still worth a buy if you can get at $1100 psf. Mainly free hold properties so dont buy the rare 99 ones.
animian
Well-Known Member
Re: Pasir Panjang condos....a good buy?
Plush - V on Shenton ties up with Aston Martin
Car leasing hits speed bump | AsiaOne Ride
tell tales sign. people are holding their cash..and waiting for that moment to chiong
Plush - V on Shenton ties up with Aston Martin
Car leasing hits speed bump | AsiaOne Ride
tell tales sign. people are holding their cash..and waiting for that moment to chiong
playstation76
Well-Known Member
Re: Pasir Panjang condos....a good buy?
If u into pretty women,then Geylang suits u best
BMWM3;1078373 said:
If u into pretty women,then Geylang suits u best
