Property Views
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@cloud,
Wanted to upgrade earlier but have decided to go for an investment unit. The unit I am keen in, rental is really pathetic.
If buy under my name, no need to pay ABSD because my name is not inside our matrimonial home. But as a SAHM, I cannot take any loan, so must pay in full.
With the current enbloc craze, with 1 unit torn down, many smaller units will pop up. I suspect the rental market will still be soft in the foreseeable future. -
Few of my friends sold their units with losses esp those who bot at the peak 2013. Rental mkt is really weak.
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vinegar:
Few of my friends sold their units with losses esp those who bot at the peak 2013. Rental mkt is really weak.
I think peak pricing is 2013 to about end 2015 - which TOP around this yr - badly hurt - need deep pockets to maintain . Price so Low, some people who can afford , dun want to rent their HDB- tenant mostly is India national with family now - my mum Neighbourhood playground become India play ground , local kids hardly come down to play . The rental income may be hard to cover damage in the flat. -
Some sellers have withdrawn their unit for sale.
But it is still a buyer’s market, especially if the notional is large. -
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The mkt looks a bit stagnant as the sellers r holding on their units n hoping the price will go up next yr. Some hv oredi increased their asking price. However, the buyers r v still cautious considering the current job mkt, interest rate, rental mkt, etc…
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vinegar:
Few of my friends sold their units with losses esp those who bot at the peak 2013. Rental mkt is really weak.
Can share the names of these condos? -
MyPillow:
Peak is 2013? My SIL bought a 1 bedder around that time.vinegar:
Few of my friends sold their units with losses esp those who bot at the peak 2013. Rental mkt is really weak.
I think peak pricing is 2013 to about end 2015 - which TOP around this yr - badly hurt - need deep pockets to maintain . Price so Low, some people who can afford , dun want to rent their HDB- tenant mostly is India national with family now - my mum Neighbourhood playground become India play ground , local kids hardly come down to play . The rental income may be hard to cover damage in the flat.
Collected decent rental (from $2.8K to now $2.4K) over 4 years and the unit is currently on the market. She wants to sell it and her agent is marketing it $80K above her purchase price.
I went with her to see a few units (resale and developer’s sales) in 2013. Today, I check propertyguru, most of these units’ asking prices are marginally higher than 2013 prices. Maybe after deducting stamp duty, agent fees, loan interest etc, can at least break even? -
vinegar:
As of now, there are still many many unsold units from the last property boom. With the ongoing enbloc fever, NEXT WAVE of supply is coming.Concerns abt oversupply
http://www.businesstimes.com.sg/real-estate/en-bloc-sale-sites-could-add-about-9300-homes-to-supply-ura -
Everywhere I see flats and condos. So I don’t think there is a strong demand. I wonder why build so many units
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