not to mention telok kurau is inconvenient without car.
Mrt is coming in 2023 for marine parade.
not to mention telok kurau is inconvenient without car.
not to mention telok kurau is inconvenient without car.
Face it... The market really kanna hamtam so badly by CM. The first major hammer is TDSR, after that the market really had to adjust. Basically adjust to smaller quantum, lol.
Now with LTV adjusted I think people will take some time to get more ammo
I feel that the LTV and the TDSR is good in a sense it prevents people from over leveraging, this will mean those who had bought have sufficiently strong holding power.
Face it... The market really kanna hamtam so badly by CM. The first major hammer is TDSR, after that the market really had to adjust. Basically adjust to smaller quantum, lol.
Now with LTV adjusted I think people will take some time to get more ammo
Yea, on the night of CM, I cried the whole night during my night shift.
Like overnight, my dream to own a property crash due to the extra 5% LTV.
Been saving for 7 years and within a night, everything change just like that.
Still remember I visited Stirling in the afternoon before the CM announcement.
Took me less than 4 months to reload more ammo plus lowering my Budget to be able to afford a shoebox resale. Phewwwwwww.
On a bright side, every month I’m servicing my mortgage via CPF OA. No cash TOP up needed. Cash can save for rainy days.
The CM helps that one won’t over leverage. Except for the ABSD increase, I think the other LTV increase helps. So only buyers opting for second property would regret not taking action earlier.
On another side, I thought stirling was a good project to go ahead with.
Stirling was great but a lil bit over my Budget. With 20% my Budget was 750k. Don’t wanna over leverage myself .
Where to you buy your resale if don’t mind sharing.
Up north. Where there’s 2 mrt lines. Low quantum.
Yea, on the night of CM, I cried the whole night during my night shift.
At least you are on board now.
Others who missed the boat are still trying hard to
hammer down the market here. Lol.
At least you are on board now.
Others who missed the boat are still trying hard to
hammer down the market here. Lol.
actually bro, the main reason for resale is SPACE.
only older projects can give me the space i need.
i stayed in a mickey mouse 2 bedder at telok kurau. trust me, it is suffocating.
with kids around, its better to let them have space to run/play around in the house.
Space is the main reason for me to change to a bigger house.
new house of my size and want freehold/999, i cannot afford.
even in changi like parc komo confirm cannot afford.
PARC KOMO UPPER CHANGI ROAD NORTH Apartment 17 OCR Freehold New Sale 1 2,001,000 - 1,421 Strata 01 to 05 1,408 Aug-19
and i am pretty sure 1421squarefeet in parc komo, in my opinion will have smaller living space (in terms of bedroom size, living room size, kitchen size, toilet size) than my current resale house.
thats why only resale old house is affordable and acceptable to me lor.
I was discussing with Bro NiShi that a good indicator of when to buy is to imagine a crystal ball and asking if 1,2,3 years down the line would the response be...’lucky I bought’ or ‘what a xxxx decision to buy’
In your case, after 1 year, you still found it was a reasonably good decision to buy in 2018, so good for you. Now that more than half the year 2019 has passed, I can say that 2016 and 2017 were very, very good years to buy as prices shot up in 2018. There were some good buys in 2018 but not all. For example, IMHO, if I had bought TW, I would be kicking myself as there were better buys subsequently.
Let’s see in two years time if 2019 turns out to be a good year to buy.
I was discussing with Bro NiShi that a good indicator of when to buy is to imagine a crystal ball and asking if 1,2,3 years down the line would the response be...’lucky I bought’ or ‘what a xxxx decision to buy’
In your case, after 1 year, you still found it was a reasonably good decision to buy in 2018, so good for you. Now that more than half the year 2019 has passed, I can say that 2016 and 2017 were very, very good years to buy as prices shot up in 2018. There were some good buys in 2018 but not all. For example, IMHO, if I had bought TW, I would be kicking myself as there were better buys subsequently. Also early bird buyers of some new launches would be shouting xxxfxx as the Developers reduced prices by 5 to 10% after the initial launches.
Let’s see in two years time if one sees 2019 as a good year to buy.
Mrt is coming in 2023 for marine parade.
I always felt having a sound enter and exit plan is essential.
My frens were surprise why I put up my previous home urgently for sales in 2017. My reason is simple, when I saw a number of cases of successful enbloc at Eunos Ville, Tampines court and high land bid price at other districts, my hunch tells me that if I miss this round, I will never sell at the price I have been waiting for anymore, probably the next wait will be another cycle.
No crystal ball to decide whether buying now is a good or bad thing but my gut feel tells me that unless u really chance upon a project u really like with the price you really can digest, else frankly, there’s no hurry.
Haha bro, u also waiting anxiously to fire your last bullet at the right time?
2 cents
agree. haha.
digress a little.
quite sian that 2nd hand owners are refusing to nego down asking.