HappyHouse88

Dear Landlord, Please pm me. ( No commission) Direct Tenant.

cos' your time interest rate not so low meh.... aniway, we have park the $$ in fd etc. Cos' FD interest rate is higher than borrowing rate. Not really 1m in absolute liability meh.

Salvation is by grace and not by works. Going to church and follow the scripture does not make u a Christian, just like priests in Jesus's time. It's His graces that lead you to understand His wisdom. Anyway, Everything work for the Good of His people. I hope we dun equate the level of 'christian' by going or not going to church . Believe or not believe in fs. For it by grace, that we believe. Pls dun belittle anyone in the process. Pls dun promote self-righteousness.

Seriously, sell house / buy house is not cheap.. process cost 30k at least. from renovation to new furnishing , mover fee , stamp duty etc. That's part of the cost is on top of the buying price. So need to think twice abt sell and buy. Understand how the parents feel but, if you dun have spare cash to "facilitate" the process and rely on loans alone, i dun think it's wise. Boy just come out to work.. already talking abt taking big loans...*shake head* At the age of 51, i do expect them to have at least 100k in the bank. i think the government is right to stop them from buying new house.. it's to protect them for falling into debts.

me ? ... i maxed my loan, borrowed close to 1mil.. then sit on cash and cpf (2.5% interest mah).... but that's 50% of the property loan in fixed dep and CPF .. to wait for interest rate go up , then do partial repayment.. think our strategy is different.. you pay early , sit on a smaller loan. For me ,i put them in "safe" deposit. this $$ cannot touch. *scratching hands* i only play to excess in the stock mkt. ** just to add, i very KS one. i put in local bank and not foreign bank.** cos i also scare bank close shop. you can consider dbs lah.. but hor..if later rules change and you need to pay more for re-financing after X years.. or worse, bank thinks that no one will do re-financing because of the cost.. 3 yrs later charge you high high.. and you LL.. for me i may rather pay abit and change to ANZ where the 0.8 is fixed.. like that no need to worry bank change 2/3 yrs time.

seriously.. why move house ? 51 liao.. hdb fully paid.. but with less than 100k cash in the bank.. why take loan and burden yourself with a new commitment.. Furthermore, will complicate matters for the younger generation. If they find it squeeze, then rent out current house and rent a bigger flat lor .. every mth topup a few hundred. but at least no long term commitment. next time children married out.. then move again meh ? moving very tiring when you get older... aniway.. i believe enbloc coming soon also.. so wait awhile more lah.. buy new house.. not easy.. need to pay this , pay that. Renovation , moving cost.. all big big no. Seriously if you dun even have 60k to spare.. house come also no $$ to renovate , buy curtain , buy bed.

default was .75 , and yes, we deposited 150k to qualified as priority to get the extra 0.05%.. difference is only $500 per year for 1 million loan,not much i would say.. but nothing to lose meh.. so just do it lor..after loan is granted.. you may close acct. aniway.. their stepup deposit now is 1.6% p.a. nothing to lose if you have 150k to spare. the best part of the deal.. is probably the fact that i dun need to re-finance.. lucky i take up ANZ.. else i will have fork out more cash when i due to re-finance,say 3 yrs, because we are 36 yrs with 30 yr loan.. my $$ sit in fixed dep also better than pay up loan.. .5% saving.. ha ha ha..

is bank A , ANZ ? i took up their pkg earlier.. their variable rate is .7% + combo throughout the tenure... the good part is not only the low interest rate but also that it's throughout the tenure.. so unless there is a major change in the interest rate again.. no need to consider refinance...

Sor amd sibor is low. But if ur package frm the bank has a high fixed component after x yrs then your rate will increase. Pls do ur maths and research before committing to any housing loans. Fail to do so may cost u ur future.

wah.. which condo you stay ? Even in hdb, none of the owners allow pets to defecate in the lift..

no doubt in a long run , landed will appreciate. However, mortgage loan of 2-3 mil requires more holding power that normal salaried professional can afford. If sh*t happens, really sh*t liao.. cos' mthly repayment is at >6k region. Even if you try to rent out to cover the mortgage, the pool of tenants is alot smaller and rental hardly covers 80% of the mortgage. Unlike condo/apt which rental shld cover ard 80% of the mortgage and we are missing 1-2k which could be cover by working extremely hard by taking up part-time jobs, downgrade to flat or stay with parents. Not also forgetting that.. it took 2 property cycles before the prices is pump up...so holding power mux be **** strong...

Harlow Bro Bepgof, so what do you think is going to happen to sg? hyper-inflation then deflation. Heard news that aussie may have a mortgage problem soon because of rising default.

Congrates on your new place, ex-neighbour ...hee hee Alot of neighbours sold and move to the east side....

hi shmj... were you staying at 75B@redhill.

Do your numbers before you commit, it not like the price was not told to you before you select. It there, even before you ballot for it. That's to say , you accept the price. In any case, if you ask me .. BTO is the always a better buy, given that it's brand new with new 99 yr lease etc. But dun forget if you dun buy existing flat, you will need to fork out rental if you are not staying with your parents. it's a number game. But not as straightforwards and apple = $1 and durian=$2 then apple is a better buy. Then why is everyone eating durian?!? It's abit late to bargain with "HDB" liao for free this and that. I guess HDB already give you the best price. If you request for hacking etc.. all that will be factor into your buy price also.. *sheep hair come from sheep skin* no other way abt it.

mine too.. but i think they dun want to "share" already.. then you sign with another. :| did you managed to see their finished work? can design but cannot deliver also sianz.

Flawed , but it was there in the first place to amend another flawed policy. Still remember long long time ago alot of rogue seller/buyer/agent cohort to cheat the banks/cpf by returning the "excess" to the buyer. I believe that that's probably the first item on KBH is going to tackle next. Let's see what he come up with. Government will make housing affordable definitely for mid to low income. But that's in the form of hdb. So beware of more policies to control public housing. As for pte housing, i think the government may loosen up, given that they also want to keep investment $$ in singapore cos' the buying didnt stop. Sg and foreigner investors are just turning to malaysia and other asean countries.

Business Times says there is no property+bubble. http://www.h88.com.sg/article/Business+Times+says+there+is+no+property+bubble/ A good read for your consideration.

for you only. http://www.ascendas.com/images_common/cms/press_release/155/Press20Release_Mitsui_and_Ascendas_to_jointly_develop_Fusionopolis_Phase_5_(22Aug12).pdf http://www.ascendas.com/images_common/cms/press_release/154/Press_Release__Ascendas_sets_up_Hospitality_Fund_for_Australia_Hotels.pdf http://www.ascendas.com/images_common/cms/press_release/151/Press_Release_Ascendas_prices_maiden_issue_of_perpetual_capital_securities_10April2012.pdf JTC raising cash for purchases >> http://www.ascendas.com/english/newsRoom/pressRelease/

Of course, there are buyers that offer higher.. the problem is that seller got no time to wait. Deal close on the first day of viewing. And we have ready cash to encash the next day. Thus, i say, hdb is reaching a point when it's max out liao. Please note that mine is a pte. JTC portfolio is mainly pte and commerical. thus, it make sense for them to move out of the hdb market to where there will be better return. It is like, if i have $100.. to put in investment A, i earn 4-6%. but if i put in $100 in investment B, i will earn 30-40%. Of course it make sense to cash out. Note also that JTC recently acquired other real estate. If your point is to "win" the debate... then there is no point to argue. Afterall, win liao no price. I objective here is just to share my take on the mkt. You can question my rational and think abt them. But i am not here to "argue" until i "win".

there are always destressed units, during good time and bad time. You just need to look hard enough. hahaha .. even hdb , there will still be units that call for 0 cov while others are going for 200k cov. It a matter of whether you have the time to look them. Never rush to sell or rush to buy.. that's what i believe.

Anyway, i believe at certain point the govt will have to remove the restriction from preventing pte owner - citizen from buying hdb. It just too biased a policy. *finger-crossed*

First of all , i dun expect all pte prices to go up by 30%, just my property. I expect the overall to increase by ard 10% where better location 20%. As mentioned, i bought mine 20% below valuation, i do expect at least 30% increase. The reason for the disconnect is the recent rule sthat 1) bar pte pty owner from buying hdb 2)the restriction on citizenship and PR-ship. 3)5 yr restriction for resale 4) prolong rent out for prs-owned This basically, - stop richer new citizen/pr from buying when they have existing pte oversea. - richer citizen that has existing pte apt locally or oversea from buying hdb/changing their hdb. - PR that left singapore not able to rent out hdb for profit. We shld see some selling from these grp soon. - demand is stablised , limited increase. - Increase supply. BTO , Oversea PR etc. Unlike before, if you have $$, you cannot buy pte to invest, you buy hdb to invest. Pte owners as well as Pr. Keep it for a year and ,wah-la, you can rent it out liao, with a neat 4-6% yield. Whereas for pte, the demand is getting big and big , with higher inflation and sg as a stable currency. Both funds from the pte owners as well as investment firms are looking into singapore for real estate investment. At the moment, comparing with HK and other growing city, singapore is still relatively "cheap". HAving said that, these are my observation. You may have a differnt take on how these policies are working out. But like i said before, i am not taking an extreme steps. As mentioned, we are not max out for our pty with alot of cushion to ensure that if it didnt turn out the way we wanted , we are still well.

i still remember when i bought my sbf hdb.. it's the same price my friend bought 3-bedrm EC at Yishun. Then, 200k can get you a EA in Jurong West.. Then, my house was costly, alot of ppl stayed at the sideline , waiting for prices to "drop" and got burn really badly.

Just to share some thoughts regarding HDB, I think that HDB prices will stablise and then drop by 20-30% in 2014. Reasons 1) Oversupply with limited demand. Given that hdb is for locals only and only 1 per family. Demand is restricted. And with the limiting PR-ship and citizenship being issued, the demand will go down. 2) Economic downturn, many new buyers are overleveraging with little excess to spare after the high COV / renovation. They may have problem financing their buy. Unless the government loose some of the restriction such as pte buyer to buy hdb, I dun see hdb prices going upwards unless it's super prime. All that is taking into account the profile of hdb dwellers that mainly finances their house by salary. Not applicable to pte which is subject to global movement of funds. Note that companies also purchase pte housing. I would not be surprise many big company will buy up condos to use as service apartment. Having working closely with the hospitality sector, there is a acute shortage of hotel rooms in recent years. I agree with renoDaze, shifting is very costly and shld be avoided. COV ,cash portion, agent fee and reno cost eats up quite alot of cash ~80-120k. Even more costly than rental which is ard 30k per annual for a decent hdb.If i really think the prices are coming down, i will rather rent for the next 2 yrs.. but of course, i am not so pessimistic.