Phantom

Best to ask HDB this question.

because sometimes agents block the offer of buyer due to commission reasons. 1) Buyer A offer 1.2 m. Pay no commission to Seller Agent 2) Buyer B tells Seller Agent to convince seller to push price down to $1.1m. Will give 5k Angpao Money.. You think what will happen? will the seller's agent tell the seller of the 1.2m offer?

agent commission for buyer's agent is typically taken out of the seller's agent commission. e.g. if seller say give 1.5% for selling.. then seller agent will quote.. some agents don't want to share commission. Some agent don't mind... typically i believe they will give 0.5% to buyer's agent if com is 1.5% from seller.

wah.. swee leh..

LMAO! there will be alot of neighbours to grease... generally older folks who sublet their rooms should be exempted..

Ha ha ha ha.. yup. i'll let you do the honours and write in to Mr. MBT

lol... some talk abt telling government to give money to people who whistle blow on neighbours subletting illegally. and your point is valid. which is why i say, clamp down on hdb renting if its really as the government say "its for people to live"

generally around 1.5%.. i think hsbc got 0.88% per year + 3 month sibor..

don't tell anyone... yet.. wait till government say whistle-blowing on your neighbor will get $$$

cannot control hdb price like that.. lol.. gov won't implement such a ruling. I still think best is to say as long as you have private property, you cannot rent out your HDB at all. implement heavy fine, jail and confiscation.. wahahah.. the goverment make money lor.. resell back on Open Market.. steady.. have one team of CSI just to catch illegal renting and subletting, pay commission tiering.. the more you catch the more commission, wahahah..

lol.. haven't list yet that time.. problem with Simei is there is a group of ppl bought very high during the 97/98.. current valuations still much lesser then the average sellling price then...

Hope the simei hdb wasn't my place. lol..

if the elmark performs to the said rpm.. then it should be more "powerful"..

I just viewed a China PR-owned property.. renting rooms to lotsa PR girls.. still tell me cannot view the rooms.. girls normally wear very little or don't wear... You are right.. even pinnacle side got people trying to rent out rooms/units.. Actually there's no such thing as lock 1 room. basically its just a scam to say owners staying but not around at the moment. Having said that, HDB even bought with bank loan cannot rent out for first 3 years anyway.. personally if the government wants to stamp out rising Hdb prices, should just come out and say HDB cannot rent out. can only stay. Only rare cases are to submit formally for request and the request must be pasted at the door. Violaters will be fined/imprisoned and/or stands the possibility of having their HDB flat confiscated.

I think so too.

Right on the spot.

I guess it's 2 sides of a coin. I'm thinking of buying a HDB and after doing some sums.. it seems that for a HDB purchase today, Agent Fee + 5% cash + COV + some minor reno might set one back between 60k to 100k on an average. Assuming the flat is an estimated 400k to 450k in valuation and COV is an average of 30k to 60k and reno is around 15k on average.. Buying a private on the other hand I'd need to fork out (if the valuation is around the purchase price) the 5%... which is probably just 45k for a 900k place. basically the rest will come from the CPF. I guess if you can pay of your loan on the investment property, then if that makes sense to you, all the better. A property is also an investment there's also risk of valuation.. with so many properties TOP already and within the next 2-3 years, rental yields are going to get squeezed..

yeah.. Same sentiments here

yup.. i agree.. just saw a 4room in MP asking for 65k COV. another one asking for 50k original condition...

MOP doesn't have a huge impact imho. I've seen a couple of empty units that aren't even rented out for years, owner gets someone to come in every 2 weeks to a month to just clean up.

Not much impact if the person chooses to go and take a bank loan to finance his next HDB purchase. Frankly I was looking for something more high-handed.. rather than the "new" and rather expected rulings.

Does it make sense to have a shorter loan or longer loan? Or is it a simple question of just being asset rich or cash rich, because it's a zero sum game. Initially I thought of taking a short loan of about 10 years if I buy a HDB... then... I've come to the conclusion after much thought that it is a zero sum game ultimately and that 1 bird in the hand is worth 2 in the bush. The principal of a dollar today is worth more tomorrow. What's your thoughts?

30k COV **** good deal... everyone asking like 70k 120k type now..

lol... yes.. but i was pointing to the fact the COV itself doesn't go into the agent's commission. every 5k cov is only $50 dollar worth of commissions..

not much of a worry. That's 3 years later. Right now is the time to start ramping supply. generally the plans are not shocking.. it's within my expectations. Would expect them to say if 2 PRs buy property, might require them to stay in SG first for at least like 2-3 years before can buy.. generally this would also help cushion over supply of private investment properties demanding rental yield as there are many TOP-ing soon or over the next 2-3 years.