~Buyers who pay high prices for old flats face reality check

[linbeier]

onli rich ppl will use words rike rare n fair price.
they probably juz hooting it before exceeding the hdb income ceiling.

 

[vesso2002]

She got it for a steal. It’s better than a fair price.

Two things can happen.

First, her house gets SERed, so no loss to her.

Second, the lease on her house will run out and HDB will take it back in 55 yers time.

Between now and 55, nothing stops her from buying a condo and renting out this 3-room TERRACED UNIT, Given the size of the flat and that it is landed, I’m sure it can easily be rented for $3000, if not more. AMDK in particular love to rent these landed properties

Without taking into account inflation, she can collect $3000/mth for 50 years. Good deal? Hell yeah.

You forgot to calculate the interest, the tax, and the maintenance needed?

 

[Polar Bear King]

why u no count interest? say for 25-30 years loan?

count interest also worth lar
don't be greedy ok?
if you capable go to work harder make more money for yourself lor,why dream of gov giving you free money all the time?

 

[vesso2002]

Queenstown got some old hdb terrace asking about 1 mil

Who wants to buy. quickly go

 

[bastogne]

bai riao skali within 1 ear gahmen say en-bloc tio pawn 12% ssd how ar?

 

[SBC]

Is like NTUC Fairprice.

 

[drkcynic]

Right on. Everybody is responsible for their own choices. Too many Singaporeans want to keep the profits from selling property but socialize their losses.

Recently so many of these threads. Why?

Jelly? Create fear? Mocking people?

 

[Subprimer]

she shouldn't buy thinking she can profit from it. Now that the minister has stated it so clearly so good luck to all these expensive resales buyer

 

[Gixxer1000]

Jin satki man

 

[boyinhersense]

You forgot to calculate the interest, the tax, and the maintenance needed?

I don’t have to. She did and she probably realized it was obviously a good deal.

 

[RyuShinEX]

me jelly...

 

[Propanone]

I know this lady, she valuation specialist.

Anw why suddenly there's a "Miss Wong" in the paragraph zzz never proofread

 

[01asdf]

Recently so many of these threads. Why?

Jelly? Create fear? Mocking people?

Trying hard to stir for GE. Just go back to MRT problems probably more effective though.

 

[vesso2002]

I don’t have to. She did and she probably realized it was obviously a good deal.

Then her calculator obviously something wrong

 

[ocs_woodlands]

She got it for a steal. It’s better than a fair price.

Two things can happen.

First, her house gets SERed, so no loss to her.

Second, the lease on her house will run out and HDB will take it back in 55 yers time.

Between now and 55, nothing stops her from buying a condo and renting out this 3-room TERRACED UNIT, Given the size of the flat and that it is landed, I’m sure it can easily be rented for $3000, if not more. AMDK in particular love to rent these landed properties

Without taking into account inflation, she can collect $3000/mth for 50 years. Good deal? Hell yeah.

Rental yield got ordinary fh landed is lesser than 2%.....

A rental of 3k on a purchase price of 700k is implying a yield of >5%...

You might want to get more education about property in SG...

Common sense is unfortunately not common at all.. HardwareZone Forums app

 

[boyinhersense]

Rental yield got ordinary fh landed is lesser than 2%.....

A rental of 3k on a purchase price of 700k is implying a yield of >5%...

You might want to get more education about property in SG...

Common sense is unfortunately not common at all.. HardwareZone Forums app

You answered your own question. A FH landed costs how much? I’m not surprised the rental yield is less than 2%.

A 3-rm terraced unit cannot rent out for $3k? There are HDB FLATS whose rental nets more than $3k if the location is good and flat is big.

The renters don’t give a damn that it’s a $700k HDB, they are renting for the fact it’s like a landed home.

 

[fandango]

She will be debt free when her husband dies.

Just saying.








Where to buy arsenic?

 

[ocs_woodlands]

You answered your own question. A FH landed costs how much? I’m not surprised the rental yield is less than 2%.

A 3-rm terraced unit cannot rent out for $3k? There are HDB FLATS whose rental nets more than $3k if the location is good and flat is big.

The renters don’t give a damn that it’s a $700k HDB, they are renting for the fact it’s like a landed home.

OK lah. Tell you what. The true test is in the market. Go check out the rental rates of the terraced HDB homes in the vicinity from srx.....

Talk much - no use. The data is out there. Do a screen cap and tell us about the 3k rental at Whampoa HDB terrace - if you can find it

Common sense is unfortunately not common at all.. HardwareZone Forums app

 

[boyinhersense]

No rental at Jalan Major. There is for one street away, Jalan Bahagia

https://www.propertyguru.com.sg/search-property/jalan-bahagia-hdb-terrace/rent

SRX has listings for sale. All higher than what she paid for.

https://www.srx.com.sg/search/sale/residential/Jalan+Ma’mor

 

[CSNation]

Satki sleep welll