<![CDATA[Singapore private property: S$1000/sqfeet bar? S$1M bar?]]>Singapore private property market has just gone crazy.


I read in the newspaper that home income in Singapore has dropped last year, for families of all income levels. But other costs are rising. One example is the fees of the kindergarten that my kids went to increase from S$400 to near S$1000. To me, for a family of with a monthly income around S$10k – the majority of professionals fall in this case, S$800k is the highest price they can afford for a condo apartment.

On the other hand, Many newly introduced projects, even not in central area, just go up to S$1000/sqfeet or even above. In far areas, I think of Chinese Garden and around, the price is not lower than S$700. As a consequence, one has to fork out at least S$1M(!) to buy a mid-range condo apartment. Some are expecting the price going higher.

Now comes the question: is the S$1000/sqfeet or S$1M/apt bar definitely crossed? If yes, how can the current market sustain?

(I myself am foreseeing a drop of 20% this year.)

]]>https://forum.kiasuparents.com/topic/9177/singapore-private-property-s-1000-sqfeet-bar-s-1m-barRSS for NodeWed, 22 Apr 2026 08:47:06 GMTMon, 01 Mar 2010 05:45:48 GMT60<![CDATA[Reply to Singapore private property: S$1000/sqfeet bar? S$1M bar? on Fri, 05 Mar 2010 01:43:46 GMT]]>

tree nymph:
sheryl:

Do I have a choice? Force to buy at higher price... 😞


Sheryl,
that is not what we meant. We are asking you if the decision of in-laws staying with you.

As what tankee suggested, buying another place nearby (even same block) maybe be better then getting a bigger place and staying together.

OIC. we did have this thought originally. But parents in law are getting old & we do not feel safe for them to stay alone anymore.

]]>https://forum.kiasuparents.com/post/136608https://forum.kiasuparents.com/post/136608Fri, 05 Mar 2010 01:43:46 GMT<![CDATA[Reply to Singapore private property: S$1000/sqfeet bar? S$1M bar? on Thu, 04 Mar 2010 13:31:16 GMT]]>how much truth are there in theses tots :


1) Land scare in SIN - so property prices will always go up

2) For an economy to boom - it depends also on property prices
For e.g - HK property so expensive ; people there are relatively richer

So in order for Singaporeans to be rich- property prices need to rise??? :?

But will we end up like Japan, -
whereby it will take 2 or more generations
to pay off the housing loan?

Being in the game (buy, sell, hedge, investment in property) seems easy
but its always the Maintenance that may hit you real hard ...

]]>https://forum.kiasuparents.com/post/136328https://forum.kiasuparents.com/post/136328Thu, 04 Mar 2010 13:31:16 GMT<![CDATA[Reply to Singapore private property: S$1000/sqfeet bar? S$1M bar? on Thu, 04 Mar 2010 05:21:39 GMT]]>

sheryl:
Do I have a choice? Force to buy at higher price... 😞

Sheryl,
that is not what we meant. We are asking you if the decision of in-laws staying with you.

As what tankee suggested, buying another place nearby (even same block) maybe be better then getting a bigger place and staying together.

]]>https://forum.kiasuparents.com/post/135808https://forum.kiasuparents.com/post/135808Thu, 04 Mar 2010 05:21:39 GMT<![CDATA[Reply to Singapore private property: S$1000/sqfeet bar? S$1M bar? on Thu, 04 Mar 2010 05:19:29 GMT]]>

tankee:
hmmm .. Clementi there is Nan Hua, ... Queenstown has ???

actually that is quite true. My friend is staying in a 4-room flat in stratmore and she can't think of a primary school that is within 1km from her place!

]]>https://forum.kiasuparents.com/post/135800https://forum.kiasuparents.com/post/135800Thu, 04 Mar 2010 05:19:29 GMT<![CDATA[Reply to Singapore private property: S$1000/sqfeet bar? S$1M bar? on Thu, 04 Mar 2010 05:12:41 GMT]]>

sheryl:
We have to buy a bigger place as in laws are going to stay with us. .

or you could buy a place nearby, say same or next block, for them. Close enough to support and yet not too close. :celebrate:

]]>https://forum.kiasuparents.com/post/135789https://forum.kiasuparents.com/post/135789Thu, 04 Mar 2010 05:12:41 GMT<![CDATA[Reply to Singapore private property: S$1000/sqfeet bar? S$1M bar? on Thu, 04 Mar 2010 05:09:33 GMT]]>

Full.Cream:
nettie:

I thought the bigger the house the lower $ psft? I do not think he can really sell at 1million bucks πŸ˜›


$500psf is quite low liao. a 30 yr old 4rm in clementi is going for $500++ and clementi is definitely not near city like Stratmore


hmmm .. Clementi there is Nan Hua, ... Queenstown has ???

]]>https://forum.kiasuparents.com/post/135786https://forum.kiasuparents.com/post/135786Thu, 04 Mar 2010 05:09:33 GMT<![CDATA[Reply to Singapore private property: S$1000/sqfeet bar? S$1M bar? on Thu, 04 Mar 2010 03:54:26 GMT]]>

tree nymph:
sheryl,

you sure about this decision?? 😐 😐 😐
Do I have a choice? Force to buy at higher price... 😞

]]>https://forum.kiasuparents.com/post/135704https://forum.kiasuparents.com/post/135704Thu, 04 Mar 2010 03:54:26 GMT<![CDATA[Reply to Singapore private property: S$1000/sqfeet bar? S$1M bar? on Thu, 04 Mar 2010 02:08:50 GMT]]>

nettie:
I thought the bigger the house the lower $ psft? I do not think he can really sell at 1million bucks πŸ˜›

$500psf is quite low liao. a 30 yr old 4rm in clementi is going for $500++ and clementi is definitely not near city like Stratmore

]]>https://forum.kiasuparents.com/post/135563https://forum.kiasuparents.com/post/135563Thu, 04 Mar 2010 02:08:50 GMT<![CDATA[Reply to Singapore private property: S$1000/sqfeet bar? S$1M bar? on Thu, 04 Mar 2010 02:08:11 GMT]]>

Eagle-Ladybird:

And just as important is timing. Like all things, property has cycles too. But if you observe, the long term trend (like shares) is on the rise i.e. current high point will be higher than the last high, and the current low point will be higher than the last low too.
Logically correct and practically verified by past statistics. This is because inflation and our salary go up too.
Eagle-Ladybird:
As an example, current prices may still move onto say $1,300psf in the future, and then corrects to say $1,000psf - at this point it may well be a new low. Over time, it will creep up again to may be $1,800 before it corrects again.
Cannot agree here. There's affordability. As I mentioned in the top post, family income has gone down for all Singaporeans in 2009. In another thread, we learn that only 10% of Singapore families have monthly income
above S$10k, with S$10k and around making a big part. These are main buyers of mid-range condo apartments. How much can they fork out for monthly installments? 4k, 5k, or 6k? The high bound will condition the price range of private properties. That's it.

]]>https://forum.kiasuparents.com/post/135562https://forum.kiasuparents.com/post/135562Thu, 04 Mar 2010 02:08:11 GMT<![CDATA[Reply to Singapore private property: S$1000/sqfeet bar? S$1M bar? on Thu, 04 Mar 2010 01:53:06 GMT]]>I thought the bigger the house the lower $ psft? I do not think he can really sell at 1million bucks πŸ˜›

]]>https://forum.kiasuparents.com/post/135542https://forum.kiasuparents.com/post/135542Thu, 04 Mar 2010 01:53:06 GMT<![CDATA[Reply to Singapore private property: S$1000/sqfeet bar? S$1M bar? on Thu, 04 Mar 2010 01:28:21 GMT]]>

tree nymph:
have your read? wan bao reported that a HDB unit about 2000sf in stratemore (in queenstown) is supposed to be valued at $500psf, meaning that the unit is about $1 million dollars!!!!!!!!!!!!!!!!!!! so that means the owner (assuming its the original owner who bot it from HDB) will make an awesome lots of money if he sell the house successfully!


:!: :!: :!: a million dollar HDB flat!!! :!: :!: :!:
Yes, I have read it too. Ridiculous !!!

]]>https://forum.kiasuparents.com/post/135514https://forum.kiasuparents.com/post/135514Thu, 04 Mar 2010 01:28:21 GMT<![CDATA[Reply to Singapore private property: S$1000/sqfeet bar? S$1M bar? on Thu, 04 Mar 2010 01:05:43 GMT]]>

tree nymph:
have your read? wan bao reported that a HDB unit about 2000sf in stratemore (in queenstown) is supposed to be valued at $500psf, meaning that the unit is about $1 million dollars!!!!!!!!!!!!!!!!!!! so that means the owner (assuming its the original owner who bot it from HDB) will make an awesome lots of money if he sell the house successfully!


:!: :!: :!: a million dollar HDB flat!!! :!: :!: :!:
This is HDB's dream and the men-in-white's dream come true.... πŸ˜‰

]]>https://forum.kiasuparents.com/post/135485https://forum.kiasuparents.com/post/135485Thu, 04 Mar 2010 01:05:43 GMT<![CDATA[Reply to Singapore private property: S$1000/sqfeet bar? S$1M bar? on Thu, 04 Mar 2010 00:37:28 GMT]]>

tree nymph:
have your read? wan bao reported that a HDB unit about 2000sf in stratemore (in queenstown) is supposed to be valued at $500psf, meaning that the unit is about $1 million dollars!!!!!!!!!!!!!!!!!!! so that means the owner (assuming its the original owner who bot it from HDB) will make an awesome lots of money if he sell the house successfully!


:!: :!: :!: a million dollar HDB flat!!! :!: :!: :!:
it is expensive ..

but it is afterall 2000 sqf,

]]>https://forum.kiasuparents.com/post/135464https://forum.kiasuparents.com/post/135464Thu, 04 Mar 2010 00:37:28 GMT<![CDATA[Reply to Singapore private property: S$1000/sqfeet bar? S$1M bar? on Thu, 04 Mar 2010 00:07:01 GMT]]>

tree nymph:
have your read? wan bao reported that a HDB unit about 2000sf in stratemore (in queenstown) is supposed to be valued at $500psf, meaning that the unit is about $1 million dollars!!!!!!!!!!!!!!!!!!! so that means the owner (assuming its the original owner who bot it from HDB) will make an awesome lots of money if he sell the house successfully!


:!: :!: :!: a million dollar HDB flat!!! :!: :!: :!:
think there was ever a $1M unit somewhere in Bishan way back b4 the 97 bubble...like it was almost a penthouse maisonette or something like this.
tree nymph:
how i wish i have a crystal ball so i can time my purchase. I need to buy a place for own stay, but also cannot afford to buy too expensive and still need to be near to my kids' school. headache! $1000psf!! no joke! I think i got to slog for 40 years to pay back that kind of loan (dont' think the loan will get approved anyway!)
work for the next 40 yrs? with our govt pushing so hard on productivity, I wonder if there'll any job left for the older folks in 5 yrs' time. my friend told me you used to dream of 'retiring' and taking up simpler jobs such as library attendant (the guy who stamp the date) or petrol pump attendant as a source of income but one has already became obsolete while the other has been taken over by younger foreign (china) workers.

]]>https://forum.kiasuparents.com/post/135436https://forum.kiasuparents.com/post/135436Thu, 04 Mar 2010 00:07:01 GMT<![CDATA[Reply to Singapore private property: S$1000/sqfeet bar? S$1M bar? on Wed, 03 Mar 2010 18:14:40 GMT]]>have your read? wan bao reported that a HDB unit about 2000sf in stratemore (in queenstown) is supposed to be valued at $500psf, meaning that the unit is about $1 million dollars!!! so that means the owner (assuming its the original owner who bot it from HDB) will make an awesome lots of money if he sell the house successfully!


:!: :!: :!: a million dollar HDB flat!!! :!: :!: :!:

]]>https://forum.kiasuparents.com/post/135408https://forum.kiasuparents.com/post/135408Wed, 03 Mar 2010 18:14:40 GMT<![CDATA[Reply to Singapore private property: S$1000/sqfeet bar? S$1M bar? on Wed, 03 Mar 2010 18:10:57 GMT]]>

Eagle-Ladybird:
It's never good to hope for \"massive\" dives (or ups for that matter). Any great volatility will have knock on effects on others. If property prices wre to plunged severely, it also mean negative for other sectors as well, and in turn we will also be affected too, one way or another.


Best times are stable and gradual increase.

After all these years, I (believed) have learnt that one must lock-in for property, and hedge against price movements, as salaries/incomes would not be able to match the increment in asset values (for most people anyway)

So my advise to people has always been, don't wait for the ideal to come along. Something that's good enough for the current purpose will do. However small it maybe. Lock-in and hedge. After all, most of us will move around within our lifetime. As we move on in life, and hopefully be more affordable, we will get closer to our ideal home (and hopefully the last).

And just as important is timing. Like all things, property has cycles too. But if you observe, the long term trend (like shares) is on the rise i.e. current high point will be higher than the last high, and the current low point will be higher than the last low too.

As an example, current prices may still move onto say $1,300psf in the future, and then corrects to say $1,000psf - at this point it may well be a new low. Over time, it will creep up again to may be $1,800 before it corrects again.

So by not buying in at $1,000psf, hoping for $800psf will entail you agoninsing over the next cycle bringing the price up to $1,800psf.

(I must be having speech diarrhea)
Hi Hi!

yes, i understand your logic. just very hard to bite the bullet... heartaching all the time!

]]>https://forum.kiasuparents.com/post/135407https://forum.kiasuparents.com/post/135407Wed, 03 Mar 2010 18:10:57 GMT<![CDATA[Reply to Singapore private property: S$1000/sqfeet bar? S$1M bar? on Wed, 03 Mar 2010 18:09:49 GMT]]>

lovekidsverymuch:
sheryl:

We have to buy a bigger place as in laws are going to stay with us. .


In-laws gonna stay with u :!: :!: :!: :!: :!: all the best!!!!!!


sheryl,
you sure about this decision?? 😐 😐 😐

]]>https://forum.kiasuparents.com/post/135406https://forum.kiasuparents.com/post/135406Wed, 03 Mar 2010 18:09:49 GMT<![CDATA[Reply to Singapore private property: S$1000/sqfeet bar? S$1M bar? on Wed, 03 Mar 2010 07:10:30 GMT]]>It’s never good to hope for "massive" dives (or ups for that matter). Any great volatility will have knock on effects on others. If property prices wre to plunged severely, it also mean negative for other sectors as well, and in turn we will also be affected too, one way or another.


Best times are stable and gradual increase.

After all these years, I (believed) have learnt that one must lock-in for property, and hedge against price movements, as salaries/incomes would not be able to match the increment in asset values (for most people anyway)

So my advise to people has always been, don’t wait for the ideal to come along. Something that’s good enough for the current purpose will do. However small it maybe. Lock-in and hedge. After all, most of us will move around within our lifetime. As we move on in life, and hopefully be more affordable, we will get closer to our ideal home (and hopefully the last).

And just as important is timing. Like all things, property has cycles too. But if you observe, the long term trend (like shares) is on the rise i.e. current high point will be higher than the last high, and the current low point will be higher than the last low too.

As an example, current prices may still move onto say $1,300psf in the future, and then corrects to say $1,000psf - at this point it may well be a new low. Over time, it will creep up again to may be $1,800 before it corrects again.

So by not buying in at $1,000psf, hoping for $800psf will entail you agoninsing over the next cycle bringing the price up to $1,800psf.

(I must be having speech diarrhea)

]]>https://forum.kiasuparents.com/post/135120https://forum.kiasuparents.com/post/135120Wed, 03 Mar 2010 07:10:30 GMT<![CDATA[Reply to Singapore private property: S$1000/sqfeet bar? S$1M bar? on Tue, 02 Mar 2010 15:22:53 GMT]]>I for one am hoping that prices take a deep dive this year!! Been hoping to buy something but prices way beyond my reach. Sigh. . .

]]>https://forum.kiasuparents.com/post/134680https://forum.kiasuparents.com/post/134680Tue, 02 Mar 2010 15:22:53 GMT<![CDATA[Reply to Singapore private property: S$1000/sqfeet bar? S$1M bar? on Tue, 02 Mar 2010 08:54:13 GMT]]>We have to buy a bigger place as in laws are going to stay with us. But this is not the right time to buy. Need to get one by end of the yr or squeese 5 adults & 3 children in a 3 room flat. 😒


Hope govt can do more to stop this & make it affordable to us.

]]>https://forum.kiasuparents.com/post/134483https://forum.kiasuparents.com/post/134483Tue, 02 Mar 2010 08:54:13 GMT<![CDATA[Reply to Singapore private property: S$1000/sqfeet bar? S$1M bar? on Tue, 02 Mar 2010 08:25:44 GMT]]>This property thingy is getting out of control.

]]>https://forum.kiasuparents.com/post/134464https://forum.kiasuparents.com/post/134464Tue, 02 Mar 2010 08:25:44 GMT<![CDATA[Reply to Singapore private property: S$1000/sqfeet bar? S$1M bar? on Tue, 02 Mar 2010 08:18:28 GMT]]>how i wish i have a crystal ball so i can time my purchase. I need to buy a place for own stay, but also cannot afford to buy too expensive and still need to be near to my kids’ school. headache! $1000psf!! no joke! I think i got to slog for 40 years to pay back that kind of loan (dont’ think the loan will get approved anyway!)

]]>https://forum.kiasuparents.com/post/134456https://forum.kiasuparents.com/post/134456Tue, 02 Mar 2010 08:18:28 GMT<![CDATA[Reply to Singapore private property: S$1000/sqfeet bar? S$1M bar? on Mon, 01 Mar 2010 11:08:14 GMT]]>$1000 psf for non-prime residential units … 40k to 50k COV … I also think market "siao" liao. Waiting to see what happens when the interest rate goes up <OUCH>.

]]>https://forum.kiasuparents.com/post/133794https://forum.kiasuparents.com/post/133794Mon, 01 Mar 2010 11:08:14 GMT<![CDATA[Reply to Singapore private property: S$1000/sqfeet bar? S$1M bar? on Mon, 01 Mar 2010 09:58:46 GMT]]>

KSP:
That could be true too. But no one know for sure. We can only sideline talk.

Yep, it's anyone's guess which way it'd go...mebbe another Lehman-like flight for banks supposedly too big to fail....then the prices will tank. And people too scared to punt πŸ˜›

]]>https://forum.kiasuparents.com/post/133693https://forum.kiasuparents.com/post/133693Mon, 01 Mar 2010 09:58:46 GMT