Property Views

[MrsKiasu]

I m just hoping... maybe resale units will have better chance?

[hquek]

One thing about new launches, the units are really really small…I can’t believe how petite we have gone. 3 bedroom at 900sqft…seriously?

[MrsKiasu]

Is the property market showing signs of warming up now? Didn’t go viewing for quite sometime already.


TA, can feel buyers snatching deals already?

[chiaki]

The rumour is that some cooling measure maybe relaxed.

But as you know rumour is rumour. No one know for sure.

Yeah. See how high the developer bought those land and also see how high the buyer bought those unit. If the market crashes suddenly, a lot of Pple will be screwed. So I think it Wint be allowed to crash, probably just modest a bit.

[chiaki]

hquek:

Public listed or foreign developers have to sell a completed property within a certain period (2 years from TOP I think) or face penalties which can be pretty hefty. Unless of course gahmen introduces measures to alleviate their worries.


if you are talking about resale units, if the owner has holding power, why would he/she sell low? Then again, with new properties coming up, tenants may be facing with a plentitude of choices and with reduced rentals, property may not look so rosy after all.

All these would be of concern to anyone wishing to go into property as an investment. However, if it's for own stay, or if the unit is in a good location (near amenities, mrt), then all these would not be of concern. I see that SG blue chips these days are looking very attractive. Lower outlay, reduced risk (i don't leverage for share purchases), I'll still just play it safe.

Agreed. For resale owner to start to dump their property, all 3 factors must be present.

1. Interest goes up quite high
2. Cannot rent out
3. Economy is bad and out of job.

As long as the owner is still earning good salary , can rent out and interest still ok, there is no real need for him to sell low. Just keep it n rent and can top up with salary

[hquek]

But please do be careful. I have seen a lot of companies operated by PRC, SG (not sure any others who have jumped on the bandwagon) wherein they claim that they are renting for their staff - but in fact these are actually condotel operators.


Imagine your beautiful property meant for 3 persons to stay in being occupied by 6-10 (or more) persons from all over the world. Won’t take long to lose its shine.

And then there are those who build in more rooms so a 2 bedroom apartment suddenly has 3 or 4 bedrooms. Even the yard plus utility room can become an ‘ensuite’.

Unless the owner owns a renovation company, else the damage done could wipe out whatever rental income owner has got.

[pirated]

hquek:

But please do be careful. I have seen a lot of companies operated by PRC, SG (not sure any others who have jumped on the bandwagon) wherein they claim that they are renting for their staff - but in fact these are actually condotel operators.


Imagine your beautiful property meant for 3 persons to stay in being occupied by 6-10 (or more) persons from all over the world. Won't take long to lose its shine.

And then there are those who build in more rooms so a 2 bedroom apartment suddenly has 3 or 4 bedrooms. Even the yard plus utility room can become an 'ensuite'.

Unless the owner owns a renovation company, else the damage done could wipe out whatever rental income owner has got.

You have to gauge whether the two months deposits is enough to make good the damage

[TheAnswer]

MrsKiasu:

Is the property market showing signs of warming up now? Didn't go viewing for quite sometime already.


TA, can feel buyers snatching deals already?

Can.. penthouse gone.. what do u think? In a way also good.. those who have ready cash are in action now.. that is what I feel..

[TheAnswer]

chiaki:

The rumour is that some cooling measure maybe relaxed.

But as you know rumour is rumour. No one know for sure.

Yeah. See how high the developer bought those land and also see how high the buyer bought those unit. If the market crashes suddenly, a lot of Pple will be screwed. So I think it Wint be allowed to crash, probably just modest a bit.

If they buy beyond what they can stomach, yes they are screwed.

[pirated]

TheAnswer:

MrsKiasu:

Is the property market showing signs of warming up now? Didn't go viewing for quite sometime already.


TA, can feel buyers snatching deals already?

Can.. penthouse gone.. what do u think? In a way also good.. those who have ready cash are in action now.. that is what I feel..

Could be money washing

But the alibaba guy is just cashing his chips literally. If stock price drop he will lose more than holding on to property. This is real estate. Same for Mid East oil producers - changing cash to aero planes safer than holding barrels of oil for which value has halved