Property Views

[janet88]

laughingcat:

in the recent report http://business.asiaone.com/news/outlook-dims-singapore-inc-economy-moonwalks

and with the upcoming US presidential election that may not look promising to Asia and forecast that this coming recession is going to be as \"hard\" as the last previous ones. Still safe to buy property?

hubby mentioned that if Trump wins, he will create more jobs for Americans to stay in the country.
with the slowdown, many expats would not be getting attractive packages. his former australian boss was recalled back to sydney even though there is a contract signed here for 2 years...all expenses paid including rental condo at bukit timah.

[chesfel]

I would like to help you. Feel free to contact me if you need rent or buy.


:thankyou:

[MyPillow]

Economy is unpredictable , esp these near 3 yrs . Up and down …the Up din really last long enough too

Buy with caution , ensure u have sufficient reserve and can afford to pay mortgages if there is zero rental for months…

[cherrygal]

Am thinking to buy additional property but always put off by the ABSD… however, I still see many people taking the plunge and pay the ABSD. How to justify to oneself in paying the ABSD?

[TheAnswer]

MyPillow:

Economy is unpredictable , esp these near 3 yrs . Up and down ...the Up din really last long enough too

Buy with caution , ensure u have sufficient reserve and can afford to pay mortgages if there is zero rental for months...

Maybe no rental even for a year.. must be well prepared..

[TheAnswer]

cherrygal:

Am thinking to buy additional property but always put off by the ABSD... however, I still see many people taking the plunge and pay the ABSD. How to justify to oneself in paying the ABSD?

What do u think will happen after ABSD is lifted?
Many Singaporeans are cash rich.

[MrsKiasu]

I guess so long as you think that you have got a good bargain on the unit (by referring to the trend/historical pricing of the development) and think that the total cost is worth and acceptable to you then can plunge ba.

[Zeng]

Thought experts always say Buy when other fear

in 2009, most said it would be a hard and long one
but did not turn out that way
Guess in short, no one can really predict future

laughingcat:

in the recent report http://business.asiaone.com/news/outlook-dims-singapore-inc-economy-moonwalks
and with the upcoming US presidential election that may not look promising to Asia and forecast that this coming recession is going to be as \"hard\" as the last previous ones. Still safe to buy property?

[starlight1968sg]

News said new private home sales went up …

[meinteel]

starlight1968sg:

News said new private home sales went up ...

Many have been holding off buying new private homes because of the ABSD. Government have already made clear indications that they will not be lifting the ABSD anytime soon. They will only look at changing it slightly in a few years. Furthermore, developers have been slashing prices and dangling carrots to prospective buyers who have the ability to purchase.

In addition, as a property agent, I see more enquiries from overseas buyers (especially from Indonesia) who are looking for a safe haven for their cash or for long term investment. They are not just looking for 1, but several properties.

So yes, private homes are slowly moving off the shelves.