Property Views
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Coolkidsrock2\" post_id=\"1927637\" time=\"1565327067\" user_id=\"48901:
Risk appetite is bigger when young. It is the same for myself when younger. Need to find own risk/reward balance. At current age and stage, I cannot afford to lose but cannot be overly-conservative as well, in case cannot keep up with inflation.
The line between being ambitious and reckless is very fine.lee_yl\" post_id=\"1927620\" time=\"1565320622\" user_id=\"17023:
[quote=Coolkidsrock2 post_id=1927616 time=1565319158 user_id=48901]I notice that some of my younger colleagues who are jumping straight into condos or landed.
Single, below 35, will not know if they will have considered HDB instead.
In year 2017, a relative (who is single) was deciding between a resale 3room next to Punggol MRT or a small condo at Waterway Point. She later chose 3rm which she paid almost $400K. I think today, Waterway Point Condo seems to have appreciated in value more than the 3rm flat.
In terms of appreciation, think HDB is usually less than private. But the outlay is lower.[/quote]I have a friend who is a savvy investor and 10 years my senior, said the same thing. She said for her friends and herself, their risk appetite reduced as their age increased. Haha, but my risk appetite is still quite big. I do agree that being overly conservative in investment, can’t keep up with inflation.
Now I recall why in the end my relative went for a resale HDB instead of a private condo. Because if she were to go for a HDB, 5 years later she could rent out her HDB, buy and stay in a condo. But if she were to own a condo first, she could no longer buy a HDB (unless she sells her condo). Honestly, I think HDB should close this loophole, if one is rich enough to get a condo, then he should dispose his HDB. HDB should always stay true to its original objective - affordable public housing. -
lee_yl\" post_id=\"1928201\" time=\"1565608743\" user_id=\"17023:
I asked HDB this a few years ago and they actually replied saying we could sell our pte ppty, buy HDB, wait 5yrs and do the same as the others. Think their officer is also one of those who kept HDB and bought condo... Hahaha
Honestly, I think HDB should close this loophole, if one is rich enough to get a condo, then he should dispose his HDB. HDB should always stay true to its original objective - affordable public housing. -
cherrygal\" post_id=\"1928271\" time=\"1565661693\" user_id=\"9754:
:rotflmao: Win liao lor.
I asked HDB this a few years ago and they actually replied saying we could sell our pte ppty, buy HDB, wait 5yrs and do the same as the others. Think their officer is also one of those who kept HDB and bought condo... Hahahalee_yl\" post_id=\"1928201\" time=\"1565608743\" user_id=\"17023:
Honestly, I think HDB should close this loophole, if one is rich enough to get a condo, then he should dispose his HDB. HDB should always stay true to its original objective - affordable public housing.
But now one will be slapped with 12% ABSD and subject to TDSR, so should think twice if really wanna do this.
For those who already own a HDB and condo(s), so be it. Think it’s time for the authorities to review this rule, which is probably popular with HDB owners who get to keep the cake and eat it but which ultimately distorts the public housing market. Better stick to the fundamentals, public housing serves a public good and should not be a means to enrich the well-to-do -
Elections coming… They are not going to anger the HDB crowd by removing this privilege.
As you put it, the 12% absd is working. My agent says Condo units not moving coz the HDB upgraders need to sell before they can buy. Due to 12% absd. So yes, less pple are keeping their HDB. -
lee_yl\" post_id=\"1928288\" time=\"1565663806\" user_id=\"17023:
:rotflmao: Win liao lor.
I asked HDB this a few years ago and they actually replied saying we could sell our pte ppty, buy HDB, wait 5yrs and do the same as the others. Think their officer is also one of those who kept HDB and bought condo... Hahahacherrygal\" post_id=\"1928271\" time=\"1565661693\" user_id=\"9754:
[quote=lee_yl post_id=1928201 time=1565608743 user_id=17023]Honestly, I think HDB should close this loophole, if one is rich enough to get a condo, then he should dispose his HDB. HDB should always stay true to its original objective - affordable public housing.
But now one will be slapped with 12% ABSD and subject to TDSR, so should think twice if really wanna do this.
For those who already own a HDB and condo(s), so be it. Think it’s time for the authorities to review this rule, which is probably popular with HDB owners who get to keep the cake and eat it but which ultimately distorts the public housing market. Better stick to the fundamentals, public housing serves a public good and should not be a means to enrich the well-to-do[/quote]the real winner is those who owned Both EC and Private Condo
after 10yrs - the EC appreciated so much - was once $500k for a 3brm n now 900+K or 1 mil
I have frens who are, not many though
i dun have parents $$$ blessings to buy EC , so we got new hdb first - cant even afford a gd resale - then save all the way up to upgrade
price for hdb was low then -
Ppty is roller coaster games +must have long term holding power
overseas ppty investment - u need v gd judgement and know trusted agent + deep pockets
local context - some who got $ will buy shops, office units etc they are sort of into running business model
Holding too many ppty - Best to have a BRAVE heart ,$$$ to weather the frequent economic storms & world crisis -
Agree MP. If sell one to buy another, will incur stamp duty. The gain in higher rent may not result in higher income too.
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Our time, majority dispose the hdb on hand, got more money to upgrade condo/landed…to me so smart lor coz more money on hand can go landed or bigger space private prop.
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Recently spoke to a Uni friend . Told me she is selling her 99 years condo. Bought at $500k and recently cleared the loan. Paid interest around $130k. Now the condo can only fetch around $839k (last offer). She wants to sell before price drop further and buy a freehold. But means take up new loan.
Told hubby we better monitor the price of our recently TOP condo since also leasehold. On hindside, should have bought a freehold…
Now rental yield so bad can only hope for capital gain. -
I hv the perception that whenever there are new launches, units are snapped up like FOC.
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