mach668

so what's your view on gd development? care to share which location & developments that might huat in future?

Purchase price 700,000 (fpr a typical 3 bedder 110 sq mtr) END of 12 weeks. U will get ur dream house plus a big smile in your face n Bishan Loft Smell. hi bro, 700k for bishan loft is History. Current transcat for a small 3bedder 1141sf is at least 900k. can't really compare man!

the hdb estate office did not pay u visit after reno?

assuming is a 3 bedders, $5781 (=$4.75psf for a std 1216sf 3 bedders) is quite ex unless is in a better location. i doubt seller will take up offer. anyway as u mentioned they are not professional if request only put up recently!

ok i recall the news saying the burglar using the ledge which residents say is a design flaw to access into the house. so, i better advice my friend to install grilles for his corner unit although his is not the new design type.

how did the burglar broke in? tot u ve grille for your windows?

i see, 5 yr is fast, by then Everton pk might not be far from SERS since the upgarding was done at least 3-5yrs back? my flat is not far from yours, tg pagar plaza.

hi mach, thanks for your input. understand your points completely..i just wanted to get a feel of how much COV we can get if we sell the house (not gonna happen since we have the MOP). just a theoretical question.. if i'm not wrong, your MOP is 1yr, so u can start advertising coming march! by then, Everton pk valuation might be up another 10% cos the KTM is relocating in july.

not >30k for me as yours is a corridor unit. actually the value of the flat is already considered in the valuation report (including the renovation). what not considered maybe is the view of the flat. that's why most flats now are asking way above their value! i'm sorry if this is not a preferred answer.

Few questions for u, 1, are u planning to stay at the flat/area for long? since u purchase a 5rm flat, i surppose if u want, u can stay there a long time. 2, is the location gd enough for u long term? i believe your flat is less than 10yr old located in the east. 3, are u worried the BTOs government planing to launch make your COV looks high? 4, do u think u can get a unit to your liking with lower COV? (how low is consider low?) most ppl think that COV will drop soon, but noboby know when. so the key here is, if 34k is afforable to u, why worry abt price drop? nobody can accurately predict n buy at lowest n sell at highest! if your flat is <10 yr old, i believe 5yr later, the valuation shall be much higher than what u ve bot since the resale activity near your neighbourhood should be lively given the age of the flat. 650m to MRT is not bad, and on a high floor. just to share w u, there's a low floor 3rm unit in the central location did 3 valuation for the past 9mths, value of flat up 40k from the 1st valuation. (abt 11% increament <1yr) so if u want better value deal, i believe Jgal has just suggested a good solution in getting a smaller flat in the prime location. better plan your priority, some ppl prefer a bigger place while some prefer prime location. some even want both but off course they ve to pay higher price. so, bro, which is your priority?

care to share how much is the COV back in 08?

Hi, care to share how much is the glass panels for your study room cost including the glass door?

hi, saw your blog, even your reno for reno+furniture+everything still cost 30k? reno is expensive these days. some ppl say reno cost guide line is 10-15% of purchase price.

hi, i was thinking to install KDK AY11S to my living area size abt 3m x 3m. do u think the wind will be gd enough to cool the area by using speed 2? (i believe your living area is much bigger) or could anyone who is using KDK AY11S kindly give some feedback on the wind strength? thanks.

hi quite frankly, everyone of us wish to have a dream house of ours, however in reality most can't achieve that. i think you are right in the beginning by not wanting to have to much loan esp into reno. i have a friend who took up big loan to reno took 5 yrs to pay back to achieve his dream house, his verdict after that: not worth it! he sold his house after paying his reno loan. so, the situation here is, we can't be sure we are staying at our dream house forever, if we can afford, go for it, if can't then we should be practical. if your house was reno 5 yr back, i'm sure the condition can't be that bad? i'll suggest you to give it a new coat of paint, add some lighting points to give it a cosy feel and give the toilets a thorough clean (if need to change wc, do it) and prepare to move in. keep the tile and kitchen cabinet if they are functioning well, they might be eye-sore to you now, but believe me, you'll feel more secure by feeling your 15k in your pocket! (is hard to make 15k but very easy to spend it!) a lot of us here need to do basic wet work for our units is bcos those unit are quite old and run down, reno was down at least 15-20yrs back with min maintenance. you are lucky that the unit was reno 5 yr back. so long as you chose your furnitures carefully, you can still have a cosy and dream house of yours. good luck.

may i know why Jamo is not recommanded?

for own stay- can consider if suitable, for investment- can wait

that's why government want the younger generation to start family early, apply for flats while they are young enough to wait, upgarde to bigger flats or private housing when they fullfilled min period. as you mentioned "'These BTO units will only be available in the resale market 9 years later. 4 years building, 5 years MOP.'' prices might not head south easily, it will dip but probably not a lot for HDB in my opinion. as for the COV, most likely will hit a ceiling soon. paying high COV to purchase a re-sale flat is a bit diff from paying high $$ for COE! that's why i tell my friend if he come across a suitable unit he should consider if that's for him to stay long term. but off course not at a record price!

agreed. under BTO system, over-supply like in previous downturn is highly unlikely given the fact that nowsaday flats are bulild to order, not build for order! younger generation would preferred to have their own house. if their is a overflow of BTO units, COV in resale market might dip, and that is the solution MBT is using right now by pouring in more BTO units. do u think government will let history repeat easily? in my opinion, unless their is a change of hand of government or a major crisis be it similiar to 911/SARS/sept 09, then the property price might head south. major price correction is probably a dream of those ppl that have not purchase a unit during last crisis. i've a friend who intend to buy a condo unit early last yr but hold back due to the believe of price might drop further. till today, he's still empty handed and says he miss the boat!

ya, simon camp is no longer there. the camp was tore down according to some in 03 while the simon market in 1999. Lor Lew Lian is a rather unique place, not so crowded like serangoon central yet is a stone throw from serangoon mrt. think no body expected that area to be so high in demand 10-20 yrs back!

i totally agree the 1st HDB (4 or 5 rm flats only, exclude EM) that reach $1M will be from Duxton@Pinnacle. congratulate those owners from Pinnacle. so what's a reasonable COV for central area in current market for u? price will not go up forever, but again i believe a repeat of 1996/1997 episode is unlikely as currently HDB system is build-to-order. it is just a matter of how to control the pricing of newer built flats by HDB, if new BTO from dawson can hit 500-600k+, what would be the price for new BTO within the central area (let says Tg pagar plaza kenna en-bloc in 10-20yrs time)? looking ahead, in future most area will be covered by MRT network, so the keyword is still LOCATION.

but then again, it also depend on the content of the reno. budget aside, some ppl could do a reno to great effect with <20k for 3rm with gd taste, but some can spend >30k but so so effect. bottomline is the expection n appreciation of detail.

28k for overhauling whole flat in current renovation market is consider reasonable.