Property Views
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People have short memories and often forget that markets usually hit a peak before a crash. Developers could bid high for land but there’s no guarantee that they could sell for a profit. So a high selling price is a sign of healthy demand but a high bidding price may not mean much beyond providing an indication of developers’ confidence and perhaps reflect a low interest environment
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jho48109\" post_id=\"1923737\" time=\"1564376370\" user_id=\"165799:
That’s why EC is a different market from private condo. You can’t ‘invest’ the same way you do for a private condo, given the MOP conditions and resale restrictions after 5 years.
Agreed!! It's always good to check the market first before investing on real estate.lee_yl\" post_id=\"1923729\" time=\"1564374877\" user_id=\"17023:
People have short memories and often forget that markets usually hit a peak before a crash. Developers could bid high for land but there’s no guarantee that they could sell for a profit. So a high selling price is a sign of healthy demand but a high bidding price may not mean much beyond providing an indication of developers’ confidence and perhaps reflect a low interest environment
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For over $1,000psf, isn’t it better to invest in older condo with potential enbloc instead of buying EC?
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ngl2010\" post_id=\"1923752\" time=\"1564378489\" user_id=\"40978:
I rather buy Waterway Point (right above MRT!) at $1,200-$1,300 than the Sumang Walk EC $1,080psf.
For over $1,000psf, isn’t it better to invest in older condo with potential enbloc instead of buying EC? -
lee_yl\" post_id=\"1923849\" time=\"1564405413\" user_id=\"17023:
As I said, EC is for a different market segment.
I rather buy Waterway Point (right above MRT!) at $1,200-$1,300 than the Sumang Walk EC $1,080psf.ngl2010\" post_id=\"1923752\" time=\"1564378489\" user_id=\"40978:
For over $1,000psf, isn’t it better to invest in older condo with potential enbloc instead of buying EC?
For Watertown, a 2 bedder ~850 to 900 sq ft is ~$1.2m.
For Sumang Walk, the smallest 3 bedder ~ 850 to 900 sq ft will probably be ~$940k
That’s $250k or a quarter of a million dollars difference.
In addition, a EC attracts $10k to $30k family grant from Government for first-timer combined income less than $12k. There is no grant for private condo, it’s on your own.
For purchase of a EC, assuming the buyer qualify for 80% loan, it’s 5% of the purchase price using cash. The remaining down payment of 15% can be paid using cash or CPF. For private condo, the current max loan-to-value ratio is 75%. Option fee is 5%, remaining 20% using cash or CPF. Comparing the two, it’s additional 5% (in cash or CPF) on top of a higher quantum if you are buying a private.
Everyone would prefer traveling on SQ Business Class if money is not an issue, but not everyone can afford one. Sometimes, you have to settle for a more affordable Business Class (or Premium Economy Class) elsewhere. -
Wats the income ceiling for EC & HDB now ?
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MyPillow\" post_id=\"1923975\" time=\"1564450092\" user_id=\"70594:
HDB - 12k
Wats the income ceiling for EC & HDB now ?
EC - 14k -
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Floppy
I like your views on Properties
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