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Old 10-08-2019, 05:05 PM   #1981
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got $54 psf discount?
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Old 10-08-2019, 05:29 PM   #1982
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Annetyu clone?
Nope .
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Old 10-08-2019, 05:43 PM   #1983
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MAS & the financial experts interviewed by the press could not get many estimates right even for the next month.
Yet our expert here could 'predict' a massive recession 10 years down the road.
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Old 10-08-2019, 05:47 PM   #1984
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got $54 psf discount?
U mean for Piermont got $54psf discount??errr... may i know where u got your source from as there was no instructions from developer..
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Old 10-08-2019, 07:21 PM   #1985
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The economists are predicting it, not anyone here. JP Morgan, Goldman, UBS etc are giving more and more warning calls recently.

Which expert? I hope you donít think there are really any experts here. Real experts got no time for this community forum.
I think JPMorgan also predicted average private non landed residential prices to hit $2900psf in 2030 back in 2018. Such calls that states a recession was approaching was made as early as 2017 (but there were only flash fall in the stock market), moreover, I think our country has the technical know how to navigate the waves.
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Last edited by Passerboy; 10-08-2019 at 07:28 PM..
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Old 12-08-2019, 12:25 AM   #1986
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Annetyu clone?
yes, I must be a clone. Definitely.
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Old 12-08-2019, 12:32 AM   #1987
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How that affects property, though, is debatable. The next 2 years will be a very interesting one. Be alert and dyodd.
Highly agree. There is also a recent article on how govt cooling measures had actually resulted in the opposite effect and made developers bid up land prices. Quite interesting.

In summary, because they had to sell the properties within a time limit, there became a supply glut and they are to bid high or en bloc high to get enough land to continue business.
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Old 12-08-2019, 12:38 AM   #1988
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The economists are predicting it, not anyone here. JP Morgan, Goldman, UBS etc are giving more and more warning calls recently.

Which expert? I hope you donít think there are really any experts here. Real experts got no time for this community forum.
Will take analysts report with a grain of salt. They probably have different motives, including political ones, to say different things.

The common businessman on the streets with a grasp of accounts will be better able to judge the pulse of the economy than most bank analysts. My take.
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Old 12-08-2019, 09:15 AM   #1989
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The 'experts' may say anything, but for many, the a home is needed.
Many 'predictions' turn up to be wrong and you end up paying your landlord $40-50k & yet the property price has not crashed.

Singapore govt has done a lot to reduce the risk of a property crash.

How some of us wish to have borrowed a bit more earlier & gotten a cheaper EC/condo.

A home is an asset. But some may agree more to
Robert Kiyosaki.
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Last edited by Merg91; 12-08-2019 at 09:22 AM..
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Old 12-08-2019, 12:01 PM   #1990
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BT reports agent commission only 0.9%
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Old 12-08-2019, 12:10 PM   #1991
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EC prices are insane now. How can a couple with <14k income afford such prices; maybe most of the buyers are upgraders?
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Old 12-08-2019, 12:30 PM   #1992
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EC prices are insane now. How can a couple with <14k income afford such prices; maybe most of the buyers are upgraders?
Sure can, with savings. But if no savings den cannot. Itís not meant for everybody, if u want it, youíll need to save. Else everybody will be able to afford.
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Old 12-08-2019, 12:34 PM   #1993
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EC prices are insane now. How can a couple with <14k income afford such prices; maybe most of the buyers are upgraders?
Yes, you can see that for Sumang, first time buyers account only for a mere 23+% of the first timer slots. And in fact, for majority of the cases, they are better off getting a HDB. 2nd timers usually have a much larger cash buffer, plus earnings from their first HDB BTO.

Imagine a first timer able to afford only a small unit. That's enough for two of them. It is enough if they do not have kids. But what if they have kids? Will it be big enough?

Then the next logical choice will be to either downgrade to a resale HDB, or a new private condo or resale EC. They are not able to purchase any HDB or new launch ECs anymore until they wait 30 months after selling the EC, which is a private property by then.

In the end, $$ still needed and likely negating the minimal monetary gain.

Properties are assets that cannot be easily sold. With so many new launches on the way, by the time you want to sell your unit, people may not even want to buy it. Applies for HDBs as well. We may have a large amount of assets by name, but if unable to monetize it, it is as good as nothing.

Like the old people always said, don't be a slave to your property. I have an interviewee that told me before he quitted his lawyer job because he saw his lawyer colleague buying a very nice condo, but worked so hard at his job to afford it and don't get to enjoy the facilities and view. The one person that enjoys the condo view, but not facilities, was the maid he hired.

Of course, all isn't a problem if there is a large cash buffer to begin with.
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Old 12-08-2019, 12:38 PM   #1994
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Sure can, with savings. But if no savings den cannot. Itís not meant for everybody, if u want it, youíll need to save. Else everybody will be able to afford.
Highly agreed. Then again, like so many people complaining so hard to save 100k by 30 years old... And here, we are looking at units with almost 300k downpayment + lawyer fees + stamp duty.

Even at 35+ years old, it is not easy to cough up without affecting quality of life Then again, I am the incapable type, so probably that's why
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Old 12-08-2019, 12:41 PM   #1995
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Highly agreed. Then again, like so many people complaining so hard to save 100k by 30 years old... And here, we are looking at units with almost 300k downpayment + lawyer fees + stamp duty.

Even at 35+ years old, it is not easy to cough up without affecting quality of life Then again, I am the incapable type, so probably that's why
Hmmm the 300k is by stages, would be possible if thereís say 100k savings by both added together yea? Shouldnít be an issue with the loan thereafter!
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