The Interlace
- Thread starter pengful
- Start date
Re: The Interlace
The Queens? (Opp Queenstown MRT)
Singapore Property Classifieds - Singapore Apartment / Condo for SALE - BUY QUEENS
cheers
pengful;696925 said:
The Queens? (Opp Queenstown MRT)
Singapore Property Classifieds - Singapore Apartment / Condo for SALE - BUY QUEENS
cheers
Re: The Interlace
How many of you think the property price will continue to rise from the current high? I unloaded 2 properties 1 year ago but could have earned more and waiting for opportunity to jump in again.
With gov restricting the foreigners and total population and the potential oversupply of condos/HDB in the next 2 years, I felt the property has limited upside from here. Most crucial factors is still the economy and China factors. Have you read in papers that some property in Beijing and Shanghai crash 25% for new development and early buyers smashing the show-room to demand for compensation?
How many of you think the property price will continue to rise from the current high? I unloaded 2 properties 1 year ago but could have earned more and waiting for opportunity to jump in again.
With gov restricting the foreigners and total population and the potential oversupply of condos/HDB in the next 2 years, I felt the property has limited upside from here. Most crucial factors is still the economy and China factors. Have you read in papers that some property in Beijing and Shanghai crash 25% for new development and early buyers smashing the show-room to demand for compensation?
ed6141
Well-Known Member
Re: The Interlace
Short term, I think there is more downside risk than upside opportunity given the current economic climate. However, I believe softening in prices will be smaller in magnitude as compare to China, given our current demand and limited supply.
One key consideration for investment is holding power, if the location is good, people will pay. Property has risen significantly over the last few years, but compared with Hong Kong, it appears that our property is still attractive for foreign investors.
But quite often, it also depends on luck.
Cheers.
Short term, I think there is more downside risk than upside opportunity given the current economic climate. However, I believe softening in prices will be smaller in magnitude as compare to China, given our current demand and limited supply.
One key consideration for investment is holding power, if the location is good, people will pay. Property has risen significantly over the last few years, but compared with Hong Kong, it appears that our property is still attractive for foreign investors.
But quite often, it also depends on luck.
Cheers.
Re: The Interlace
The factors that fuel the surge in property prices last 2 years:
1. The crash during 2008 (Feb is the lowest) which makes property prices undervalue. (I bought in March)
2. The huge influx of foreign hot fund due to super low interest (key factor) driving up stocks and property prices in Asia
3. The stupid Malboro Tan decision not to built new new HDB for last few years while the Ministry of Home Affairs (WKS) open the flood-gate for foreigners to swamp Spore like Bees. The 2 of them should have their pension confiscated!
4. The Spore economy boom due to China and rest of Asia growth and the 2 casinos which support the rental yield.
We are now buying property at prices under the following condition:
1. Unimaginable interest rate (0 % interbank rate...mortgage rate at 0.75 to 1.5%)
2. High rental due to sudden influx of foreigners or increase in population
3. When economy at the peak.
So things can only maintain at best but chances of the economy dipping, interest rate hiking and rental yield dropping is higher IMHO.
Discalimer: Its just my own 2 cts opinion and I can be wrong!
The factors that fuel the surge in property prices last 2 years:
1. The crash during 2008 (Feb is the lowest) which makes property prices undervalue. (I bought in March)
2. The huge influx of foreign hot fund due to super low interest (key factor) driving up stocks and property prices in Asia
3. The stupid Malboro Tan decision not to built new new HDB for last few years while the Ministry of Home Affairs (WKS) open the flood-gate for foreigners to swamp Spore like Bees. The 2 of them should have their pension confiscated!
4. The Spore economy boom due to China and rest of Asia growth and the 2 casinos which support the rental yield.
We are now buying property at prices under the following condition:
1. Unimaginable interest rate (0 % interbank rate...mortgage rate at 0.75 to 1.5%)
2. High rental due to sudden influx of foreigners or increase in population
3. When economy at the peak.
So things can only maintain at best but chances of the economy dipping, interest rate hiking and rental yield dropping is higher IMHO.
Discalimer: Its just my own 2 cts opinion and I can be wrong!
pengful
Well-Known Member
Re: The Interlace
I agree.
Therefore,
1) Buy new from developer - Still can after all still developer prices. History has shown that most developers will not cut prices due to economic crisis (except for the Wharf case). If you can hold for 3 years to avoid the bloody penalties imposed by the govt, psf will general rise to comparable developments in that district/ location.
2) Buy resale - Every property agent I talked to has advised me to wait. High end property is beginning to decline and city fringe condos will follow. This level of prices is not sustainable and what goes up will come down.
zorro;697040 said:
I agree.
Therefore,
1) Buy new from developer - Still can after all still developer prices. History has shown that most developers will not cut prices due to economic crisis (except for the Wharf case). If you can hold for 3 years to avoid the bloody penalties imposed by the govt, psf will general rise to comparable developments in that district/ location.
2) Buy resale - Every property agent I talked to has advised me to wait. High end property is beginning to decline and city fringe condos will follow. This level of prices is not sustainable and what goes up will come down.
Re: The Interlace
Developer will cut price if property crash else they will be having cash flow problem. I bought in 2008 directly from developer at 1230psf in D9 but a year ago the same developer sold some units at 1700psf.
[
QUOTE=pengful;697064]I agree.
Therefore,
1) Buy new from developer - Still can after all still developer prices. History has shown that most developers will not cut prices due to economic crisis (except for the Wharf case). If you can hold for 3 years to avoid the bloody penalties imposed by the govt, psf will general rise to comparable developments in that district/ location.
2) Buy resale - Every property agent I talked to has advised me to wait. High end property is beginning to decline and city fringe condos will follow. This level of prices is not sustainable and what goes up will come down.[/QUOTE]
Developer will cut price if property crash else they will be having cash flow problem. I bought in 2008 directly from developer at 1230psf in D9 but a year ago the same developer sold some units at 1700psf.
[
QUOTE=pengful;697064]I agree.
Therefore,
1) Buy new from developer - Still can after all still developer prices. History has shown that most developers will not cut prices due to economic crisis (except for the Wharf case). If you can hold for 3 years to avoid the bloody penalties imposed by the govt, psf will general rise to comparable developments in that district/ location.
2) Buy resale - Every property agent I talked to has advised me to wait. High end property is beginning to decline and city fringe condos will follow. This level of prices is not sustainable and what goes up will come down.[/QUOTE]
