Property Views

[lee_yl]

0limshs\" post_id=\"2115382\" time=\"1691023163\" user_id=\"192176:

Hi All, recently me and my spouse being thinking how should we invest our money... We have fully paid our HDB, so we're thinking to invest in property but yet couldn't make up our mind. Would like to hear your views here instead of consulting property agent as I believe their advise would skew towards their advantage.

Below are our options :
1) Pay ABSD and buy a second property in Singapore (about 1.6m 3 bedroom condo for own stay) and rent out HDB near MRT and shopping Centre.
2) Pay ABSD for 2 smaller units solely for investment purpose.
3) Invest in overseas property but we have have to find out the rules and restriction, believe it won't be easy must have network on how to manage it.

How about dump off your HDB and switch to 2 private condos? No ABSD to be incurred.

One 3bedder for own stay. One 1bedder for passive income. If one day your kids move out, then you and your spouse can move to the 1bedder and rent out for 3bedder for passive income.

Today’s ABSD is very high. It will take you many years to recoup the ABSD incurred. I have met so many who think left think right until today still cannot decide.

If we are not familiar with overseas property, best not to touch it.

[doodbug]

Nowadays there there many property agents making a ton of youtube videos. I can see why people are caught up in the chase and cycle of buying and selling.

[zac's mum]

doodbug\" post_id=\"2115747\" time=\"1691379979\" user_id=\"13281:

Nowadays there there many property agents making a ton of youtube videos. I can see why people are caught up in the chase and cycle of buying and selling.

The trend started during the pandemic when onsite viewings were impossible, and then highly restricted.

I do enjoy browsing these videos in my free time. It’s fun to peek inside other ppls homes without having to leave my own living room lol.

When we sold our place, we ended up engaging one of them who could “pretty up” our place (called “staging”) and produce a good video. It sold immediately compared to the previous traditional agent who was given 3 months & no results.

[doodbug]

zac's mum\" post_id=\"2115748\" time=\"1691380635\" user_id=\"53606:[quote=\"zac's mum\" post_id=2115748 time=1691380635 user_id=53606]
The trend started during the pandemic when onsite viewings were impossible, and then highly restricted.

I do enjoy browsing these videos in my free time. It’s fun to peek inside other ppls homes without having to leave my own living room lol.

When we sold our place, we ended up engaging one of them who could “pretty up” our place (called “staging”) and produce a good video. It sold immediately compared to the previous traditional agent who was given 3 months & no results.[/quote]

Pretty cool!
Selling at a good price is one thing - did you manage to buy at a price you are happy with?
Also, how did you manage the timing? Did you qualify for ABSD remission?
Some people are very flexible - buying, selling, moving every few years.

[zac's mum]

doodbug\" post_id=\"2115750\" time=\"1691380769\" user_id=\"13281:

Pretty cool!
Selling at a good price is one thing - did you manage to buy at a price you are happy with?
Also, how did you manage the timing? Did you qualify for ABSD remission?
Some people are very flexible - buying, selling, moving every few years.

I am unlikely to want to move again soon. Can’t go into too much detail but the current place suits our needs and yes i am happy with the timing etc.

[doodbug]

I support the ABSD - otherwise I think Singaporeans will be buying and flipping and buying and flipping, driving prices even higher.


I am also not the type who has an appetite for moving frequently.

But I do have friends who rent to enjoy new launches, for kids’ schooling, to be nearer parents etc.

[lee_yl]

doodbug\" post_id=\"2115759\" time=\"1691384607\" user_id=\"13281:

I support the ABSD - otherwise I think Singaporeans will be buying and flipping and buying and flipping, driving prices even higher.

I am also not the type who has an appetite for moving frequently.

But I do have friends who rent to enjoy new launches, for kids' schooling, to be nearer parents etc.

The one that stops people from flipping and flipping should be SSD. I can own an investment unit w/o the need to pay for ABSD but I can’t flip because there is SSD that holds me back for 3yrs

[doodbug]

SSD prevents flipping; ABSD deters buying investment units in the first place (especially for couples who started out in HDB flats and can no longer decouple).

[MrsKiasu]

SSD 3 yrs …count from when bought from developer, even before the construction ? If yes, no wonder sometimes read new launch selling like hot cakes.

[doodbug]

MrsKiasu\" post_id=\"2115843\" time=\"1691459657\" user_id=\"43981:

SSD 3 yrs ..count from when bought from developer, even before the construction ? If yes, no wonder sometimes read new launch selling like hot cakes.

Yes it is.

Those who bought into the large 99 year newbuild (mega) developments in 2021 and before are generally sitting on very strong gains.