Property Views

[janet88]

starlight1968sg\" post_id=\"1927559\" time=\"1565312388\" user_id=\"14025:

I find the prices too steep or perhaps I don't hv deep pockets.

prices of condos now are priced out of the market.

[lee_yl]

Coolkidsrock2\" post_id=\"1927558\" time=\"1565311997\" user_id=\"48901:

Estéema\" post_id=\"1927458\" time=\"1565247980\" user_id=\"66413:

With SG well managed w/o fears of ppl loosing bz & jobs with US targeting with tariffs, unstable/corrupt govt handling some kinda videos at large, draconian attack at drug traffickers, poor economy with hardly any good jobs for young ppl, riots, missile heading in, and moving funds into SG, property prices will be going up instead. Many 逃难者 coming in to secure a place here. We’ll be edge out of affordable pte property. JMHO

I agree with you - funds/assets/people will move in because it is a safe haven.

I do not think private property will fall too much. In so far as it is rightly priced and there is value, it will be taken up very fast.

I also agree with Esteema. Even if a HongKee decides to come over Singapore, he will find that Singapore properties are reasonably priced compared to those in HK.

One group of HDB dwellers will think that older HDBs flats are not good investment anymore and may also turn to look at private properties?

I also think that private properties prices are unlikely to drop much. Take my estate for example, new launches nearby in the same district, are launched/going to launch at ard $1K more for every PSF.

20+ years ago, a friend from HK migrated here. She was deciding between Condo or HDB but finally decided on an old resale 4rm point block HDB in Bishan. Now she was telling me, the gap between private and HDBs has widened too much and felt that she has missed the opportunity to own a condo.

[Coolkidsrock2]

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.

[lee_yl]

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.

The line between being ambitious and reckless is very fine.

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.

[zac's mum]

I have several of my same age friends, guys who are still single, once they turned 35, immediately went to buy 4 room resale HDB with their good salary. Stay in one room and rent out the rest of the rooms. Recouped their monthly mortgage easily and get social interaction with tenants too. It’s like a hostel environment but they are the boss. Win-win.

[Coolkidsrock2]

I have some friends who will buy a condo every couple of years and leave it to self-finance. Retire around 40.

[janet88]

zac's mum\" post_id=\"1927623\" time=\"1565320948\" user_id=\"53606:[quote=\"zac's mum\" post_id=1927623 time=1565320948 user_id=53606]
I have several of my same age friends, guys who are still single, once they turned 35, immediately went to buy 4 room resale HDB with their good salary. Stay in one room and rent out the rest of the rooms. Recouped their monthly mortgage easily and get social interaction with tenants too. It’s like a hostel environment but they are the boss. Win-win.[/quote]

those who are intelligent will get a resale flat when they turn 35. I know of a few singles who bought 4 room resale flats doing that. they don't have to worry about sky high prices of owning a condo.

[Coolkidsrock2]

lee_yl\" post_id=\"1927620\" time=\"1565320622\" user_id=\"17023:

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.

The line between being ambitious and reckless is very fine.

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.

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.

In terms of appreciation, think HDB is usually less than private. But the outlay is lower.

[floppy]

lee_yl\" post_id=\"1927620\" time=\"1565320622\" user_id=\"17023:

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.

The line between being ambitious and reckless is very fine.

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.

For Watertown (which is the rightful name for the “Waterway Point Condo), it depends on what your younger relative was looking at and when she had decided to buy.

If she had bought a 3br / 2br in 2017 or earlier, she would be very lucky if she is able to resell it at the same price or slightly higher today. Watertown isn’t a great investment but all things considered, it should be getting better given that nearby EC / condos are approaching Watertown level.

[floppy]

Generally, now is the right time to buy HDB if you thinking of living in, ie not for investment, as prices have been heading south or have remained stagnant for a while. Frankly, prices are pretty reasonable. If people are buying, and thinking of ‘appreciation’, it’s worthwhile noting that these are public housing. It’s the wrong instrument (it’s the Holy Goh fault for introducing this ‘idea’ that HDB would be an appreciating asset).


For investment, private property are probably the better bet (and rightfully so). I agree with the opinion that private properties prices are unlikely to drop much (in fact, has risen, albeit modestly vs HDB despite whatever measures the G had introduced). I bought my property around 3 years ago at ~$9xx psf (around the same price at launch). Shifted in a year later and is now reselling at $1.2k psf today. Part of the price movement upwards are caused by new launches in the same or nearby district. Given the projects in the pipeline island wide, don’t expect private property prices to drop anytime soon (short of a full blown recession or economy collapse). Prices will probably maintain it’s current course of small, incremental increases.