Property Views

[r2010]

I just wanted to know some honest view. I paid 1 percent on a private investment property last weekend. But with the new measure I am thinking of not exercising the option. I will loose the 1percent if I did not exercise. The property is in bukit timah about 1million.

[ghostz]

depends. you would be affected by the new ruling i presume as the sale process would take a while and the 70% ltv already started? if you have the money to hold, not a problem. but if you think the loan might be an issue with the new ruling, losing 10k might be something you have to consider.

[mrswongtuition]

With the new measures, I think many parents won’t be able to buy a property to move nearer to their ‘choice school’ for P1 registration?


Based on timeline of my family:
Applied BTO a few months before wedding.
Boy came 1 yr after wedding.
Moved into our BTO flat when boy is 2yo.
Minimum must wait 5yrs if wanna buy private property (assuming I need to get a property in Bukit Timah).
By then boy already in P1.

Not in time for P1 registration (thankfully I don’t need to use this route cos my hubs is old boy of NYPS).

Means next time, newly weds must consider ‘good schools’ in the neighbourhood when choosing schools. I did not consider it cos we thought that the kids will most likely be at my parent’s place during weekdays.

[verykiasu2010]

mrswongtuition:

With the new measures, I think many parents won't be able to buy a property to move nearer to their 'choice school' for P1 registration?


Based on timeline of my family:
Applied BTO a few months before wedding.
Boy came 1 yr after wedding.
Moved into our BTO flat when boy is 2yo.
Minimum must wait 5yrs if wanna buy private property (assuming I need to get a property in Bukit Timah).
By then boy already in P1.

Not in time for P1 registration (thankfully I don't need to use this route cos my hubs is old boy of NYPS).

Means next time, newly weds must consider 'good schools' in the neighbourhood when choosing schools. I did not consider it cos we thought that the kids will most likely be at my parent's place during weekdays.

don't buy BTO lor, buy resale plus collect cash grant....

after child get in choice school then apply BTO lor...

worse are those living in HDB now while holding investment ppty (pte ppty)- if want to move house, must sell 1st before buying another one, and once the existing hdb is sold, straight away kena classified as private ppty owner and if were to buy back hdb (at another location for eg) then must also sell the private one within 6 months ......then must stay in hdb another 5 years before can touch private ppty.....double whammy....

that means those living in hdb while holding private ppty for rental income cannot change / move house !!! absurd

[Lilac66]

yesterday, while watching an interview with Nicholas Mak on Channel 8 news, I was shocked when he mentioned that he feels the mkt could still go up by about 10%. Is this possible, I mean it seems illogical at least at this pt in time... :?

[verykiasu2010]

Lilac66:

yesterday, while watching an interview with Nicholas Mak on Channel 8 news, I was shocked when he mentioned that he feels the mkt could still go up by about 10%. Is this possible, I mean it seems illogical at least at this pt in time... :?

10% ...... over what time frame ?

for some landed house / prime ppty .... 10% is not a lot ... if you are going to fork out S$5m.....just o.5m is not a lot, really

[mummyjoyce]

Lilac66:

yesterday, while watching an interview with Nicholas Mak on Channel 8 news, I was shocked when he mentioned that he feels the mkt could still go up by about 10%. Is this possible, I mean it seems illogical at least at this pt in time... :?

I am shocked too.... I was hoping to hear the opposite. :!:

[cherrygal]

verykiasu2010:

worse are those living in HDB now while holding investment ppty (pte ppty)- if want to move house, must sell 1st before buying another one, and once the existing hdb is sold, straight away kena classified as private ppty owner and if were to buy back hdb (at another location for eg) then must also sell the private one within 6 months ......then must stay in hdb another 5 years before can touch private ppty.....double whammy....

that means those living in hdb while holding private ppty for rental income cannot change / move house !!! absurd

I think it isn't very fair to let HDB owners buy private property but private property owners cannot buy HDB flats. If HDB owners can buy private properties to rent out, it means they are very rich and should not even be taking up a HDB flat. The HDB rule is that the HDB flat must be the residential address anyway so why can't a private property owner buy a flat to live in and rent out his current private property?

[hquek]

I think it's amazing that subsidised hdb owners MOP is 5 years, and now non-subsidised resale hdb owners also MOP 5 years. I'm from the latter class, ah gong never give me subsidy/cpf grant/2.6% loan rate. Although I am still staying at my hdb and not planning to move anywhere, it rankles that I would have been subject to the same occupation period. OEI, where is the fairness....at least give me the 2.6% loan rate lah.


Sigh.....

[Cheval]

Xmasbaby:

I must say that for most of the people, property would likely be the biggest investment in our lifetime...I really hope that my kids will have some basic knowledge of property when they grow up...


...

Very well written and analyzed.

Since long time I have been saying (to my around) the current property price is well over the capability of average Singaporeans. Any 4-room HDB flat above 400k is just not affordable for a combined income of S$4k or even difficult for S$5k/month. People's miscontent would grow against gvmt and they start to worry about the issue seriously.

The question is: why all the measures have not been applied much earlier, especially those targeting speculation? Speculation does only harm to property market.

A word on Mah Bao Tan: remember what he said just 1(or 2) month ago? Is he slapping himself?