Singapore private property: S$1000/sqfeet bar? S$1M bar?

[KSP]

lovekidsverymuch:

KSP:

Those are speculators and flippers. Don't forget this year is the year of the Tiger. If you look back what happened during the last two Tiger year you will know. Gov already stepped in to curb property speculation and more will come. Don't jump into the Titanic!!!

You mean should stay away from buying or dont buy?

If buy to stay is ok. If buy to flip then depend on the timing. There will be risk involved.

[Cheval]

tankee:

I do not understand your comment :?


There are quite many private projects that are priced at or above $1000 psft.

Sorry for my English (?). I just wanted to say: the market is crazy and it's not sustainable. (So I expect a drop of at least 20% this year)

osakachan:

Frankly, an 800K house with 80% loan of 640K is too much to finance for average Singaporean. Everyone are betting on IR news. Finally IRs are in mist of completion. Time will tell whether IR will create new demands on houses in Singapore.

Next time when you read newspaper article about properties direction, look at who they interview. If its the developer, you should know how much you should truth the story.

At this trend, in a short time the private property price will be doubled. But will people's pay be also double, supposed the IRs are successful?

When developers and agents talk, I try to see if their points are founded or just fancy.

[Cheval]

lovekidsverymuch:

You mean should stay away from buying or dont buy?

the same thing, isn't it? :?

[KSP]

The important things are.


Live within your mean; can’t affort a condo stay in HDB.

Invest within your mean; can’t speculate in property, speculate in stock - the risk is not as high. If got burnt in stock market, it takes a few years to recover. If got burnt in property market, hehe, it will take a whole live to pay back. Of course high risk high gain, it depends on your risk appetite.

[tree nymph]

KSP:

Those are speculators and flippers. Don't forget this year is the year of the Tiger. If you look back what happened during the last two Tiger year you will know. Gov already stepped in to curb property speculation and more will come. Don't jump into the Titanic!!!

Hi KSP,

What happened to the last two Tiger year?

[KSP]

tree nymph:

KSP:

Those are speculators and flippers. Don't forget this year is the year of the Tiger. If you look back what happened during the last two Tiger year you will know. Gov already stepped in to curb property speculation and more will come. Don't jump into the Titanic!!!

Hi KSP,

What happened to the last two Tiger year?

That was in 1998 and 1986........

[autumnbronze]

tree nymph:

That was in 1998 and 1986........

The px were at its peak in these two yrs. If you see, it seems that every 10 yrs or so, the property px reaches its peak.

[KSP]

lovekidsverymuch:

Yes no one can forget 98 yr that was during the HK boom

There is always a reason for boom. Now is the IR boom. The property goes up, next Gov step in and curb, then big boys sell and take profit, lastly the small boys got stuck with what they bought at high and work for the rest of their life to service the instalment and the cycle will go on.

[KSP]

lovekidsverymuch:

KSP:

There is always a reason for boom. Now is the IR boom. The property goes up, next Gov step in and curb, then big boys sell and take profit, lastly the small boys got stuck with what they bought at high and work for the rest of their life to service the instalment and the cycle will go on.

True but I guess this whole year is gonna be high... dont think property will drop a lot but might never know next yr.. as u know so many other things also coming up then also youth games too all supporting the ecconomy!!

That could be true too. But no one know for sure. We can only sideline talk.

[Andaiz]

KSP:

That could be true too. But no one know for sure. We can only sideline talk.

Yep, it's anyone's guess which way it'd go...mebbe another Lehman-like flight for banks supposedly too big to fail....then the prices will tank. And people too scared to punt