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

[tankee]

tree nymph:

have your read? wan bao reported that a HDB unit about 2000sf in stratemore (in queenstown) is supposed to be valued at $500psf, meaning that the unit is about $1 million dollars!!!!!!!!!!!!!!!!!!! so that means the owner (assuming its the original owner who bot it from HDB) will make an awesome lots of money if he sell the house successfully!


:!: :!: :!: a million dollar HDB flat!!! :!: :!: :!:

it is expensive ..

but it is afterall 2000 sqf,

[corneyAmber]

tree nymph:

have your read? wan bao reported that a HDB unit about 2000sf in stratemore (in queenstown) is supposed to be valued at $500psf, meaning that the unit is about $1 million dollars!!!!!!!!!!!!!!!!!!! so that means the owner (assuming its the original owner who bot it from HDB) will make an awesome lots of money if he sell the house successfully!


:!: :!: :!: a million dollar HDB flat!!! :!: :!: :!:

This is HDB's dream and the men-in-white's dream come true....

[daisyt]

tree nymph:

have your read? wan bao reported that a HDB unit about 2000sf in stratemore (in queenstown) is supposed to be valued at $500psf, meaning that the unit is about $1 million dollars!!!!!!!!!!!!!!!!!!! so that means the owner (assuming its the original owner who bot it from HDB) will make an awesome lots of money if he sell the house successfully!


:!: :!: :!: a million dollar HDB flat!!! :!: :!: :!:

Yes, I have read it too. Ridiculous !!!

[nettie]

I thought the bigger the house the lower $ psft? I do not think he can really sell at 1million bucks

[Cheval]

Eagle-Ladybird:

And just as important is timing. Like all things, property has cycles too. But if you observe, the long term trend (like shares) is on the rise i.e. current high point will be higher than the last high, and the current low point will be higher than the last low too.

Logically correct and practically verified by past statistics. This is because inflation and our salary go up too.

Eagle-Ladybird:

As an example, current prices may still move onto say $1,300psf in the future, and then corrects to say $1,000psf - at this point it may well be a new low. Over time, it will creep up again to may be $1,800 before it corrects again.

Cannot agree here. There's affordability. As I mentioned in the top post, family income has gone down for all Singaporeans in 2009. In another thread, we learn that only 10% of Singapore families have monthly income
above S$10k, with S$10k and around making a big part. These are main buyers of mid-range condo apartments. How much can they fork out for monthly installments? 4k, 5k, or 6k? The high bound will condition the price range of private properties. That's it.

[Full.010894Cream]

nettie:

I thought the bigger the house the lower $ psft? I do not think he can really sell at 1million bucks

$500psf is quite low liao. a 30 yr old 4rm in clementi is going for $500++ and clementi is definitely not near city like Stratmore

[sheryl]

tree nymph:

sheryl,

you sure about this decision??

Do I have a choice? Force to buy at higher price...

[tankee]

Full.Cream:

nettie:

I thought the bigger the house the lower $ psft? I do not think he can really sell at 1million bucks

$500psf is quite low liao. a 30 yr old 4rm in clementi is going for $500++ and clementi is definitely not near city like Stratmore

hmmm .. Clementi there is Nan Hua, ... Queenstown has ???

[tankee]

sheryl:

We have to buy a bigger place as in laws are going to stay with us. .

or you could buy a place nearby, say same or next block, for them. Close enough to support and yet not too close. :celebrate:

[tree nymph]

tankee:

hmmm .. Clementi there is Nan Hua, ... Queenstown has ???

actually that is quite true. My friend is staying in a 4-room flat in stratmore and she can't think of a primary school that is within 1km from her place!