HWZ Forums

Login Register FAQ Mark Forums Read

New EC at Sumang Walk

Like Tree730Likes
Reply
 
LinkBack Thread Tools
Old 25-07-2019, 08:03 PM   #1171
Senior Member
 
Join Date: Nov 2007
Posts: 1,029
by that time maybe 30 years later, I'm probably 60+ to 70 years old 😥
momoeagle is offline   Reply With Quote
Old 25-07-2019, 08:10 PM   #1172
Banned
 
Join Date: May 2018
Posts: 1,650
Let me try to Guess and interpret what he means

1) your HDB will be a depreciating asset as lease runs Low. So what if you fully paid your HDB but have problem selling after several years down the road.
2) family monthly expenditure, kids education, car loan, personal and parentís medical fee and with high cost of living in Singapore, can oneís saving be adequate to put you through a comfortable retirement by just relying on savings? We may still need to work until the day we die.
3) Inflation would be a killer if your money is not working hard enough for you. Thus, some form of calculated leveraging or other forms of investment could help generate passive income or accelerate your wealth accumulation rather than letting your money rot in the bank.

I Guess this is what he meant by non debt free.
Bro correct me if I misinterpret what u mean.
All your points applies to private condo as well unless you are saying 99year lease condo is no different from freehold condo. Wait till one private condo depletes its lease without takers then you all will wake up. Singapore is still young so we have not seen it yet...

Anyway, he meant none of these, his agenda is to scare ppl from keeping hdb and encourage them to jump onto new launch market like him. He does not want to be alone. Unfortunately he made an erroneous statement because he failed to use his brain.
annetyu is offline   Reply With Quote
Old 25-07-2019, 08:13 PM   #1173
Banned
 
Join Date: May 2018
Posts: 1,650
The EC subsidy 30k has remained the same for so many years while the HDB subsidy has increased a lot in the last few years.

So best is don't buy first. Wait for government to give out more grants.
Unlikely that will happen. Governmentís primary priority is to provide a roof over everyoneís head. Be thankful they already have this ec scheme to help those who are dying to stay in condo.
annetyu is offline   Reply With Quote
Old 25-07-2019, 08:17 PM   #1174
Senior Member
 
Join Date: Jan 2005
Posts: 1,571
U mean if our condo lease become 50 40 30 20 10 what will happen? Sorry for being noob
No worries, here is for sharing. Me no expert either.
To me, every property cycle has its bull and bear run.
Most condo/private apartment that are put up for enbloc sales are around 30-40 year old.
Enbloc not only depends on the asking price, plot ratio, size area, location but also depends on timing. So it’s not just about lease become 50, 40 or 30yrs anymore. So many factors can influence whether an enbloc sales can go through successfully or fails.
Make a Guess, what are the chances of mega projects getting enbloc compared to those non mega projects in the next 30-40 years?
Haven’t we learn a few lessons from recent failed enbloc cases like mandarin garden and Braddell view?

Even if we want to leverage and make money from property, still got to do it right and learn from past history.
__________________
[SIZE=1]Ng[/SIZE]

Last edited by NiShiZhu; 25-07-2019 at 09:39 PM..
NiShiZhu is offline   Reply With Quote
Old 25-07-2019, 08:28 PM   #1175
Senior Member
 
Join Date: Jan 2005
Posts: 1,571
All your points applies to private condo as well unless you are saying 99year lease condo is no different from freehold condo. Wait till one private condo depletes its lease without takers then you all will wake up. Singapore is still young so we have not seen it yet...

Anyway, he meant none of these, his agenda is to scare ppl from keeping hdb and encourage them to jump onto new launch market like him. He does not want to be alone. Unfortunately he made an erroneous statement because he failed to use his brain.
First of all, don’t get so work up, it is just a platform for sharing. Which statement did I say LH and FH are of no different? I noticed u have a bad habit of putting words in others mouth.

Eunosville, Mayfair garden, pearl bank, Normanton park which of these are freehold?
I can quote more successful enbloc cases for LH.
There are also many failed enbloc cases of LH properties, likewise for FH properties if the enbloc timing is wrong.
As said, depend on many factors. Do u think what are the chances of Super mega size projects like treasure can get enbloc 30-40 years down the road?
Who knows one day you may be the only one who is still sleeping while many others have awoken?
Don’t be too confident of yourself sometimes. And there’s no need to shame someone by saying he has no brains.
__________________
[SIZE=1]Ng[/SIZE]

Last edited by NiShiZhu; 25-07-2019 at 10:08 PM..
NiShiZhu is offline   Reply With Quote
Old 25-07-2019, 08:44 PM   #1176
Senior Member
 
Join Date: Jul 2019
Posts: 785
The EC subsidy 30k has remained the same for so many years while the HDB subsidy has increased a lot in the last few years.

So best is don't buy first. Wait for government to give out more grants.
I donít think the subsidies for EC will increase; as the EC ceiling is already raised to $14k. But I think this EC scheme could be scrapped soon, since the pricing of an EC is getting closer to that of a P.C. in a less ideal location.

Given that pricing margins are nearer between EC and P.C., an EC no longer serves its intended purpose, since if given a choice, if one could he would buy a P.C.
sgpropertyblog likes this.
Passerboy is online now   Reply With Quote
Old 25-07-2019, 08:48 PM   #1177
Master Member
 
Join Date: Sep 2016
Posts: 2,995
All your points applies to private condo as well unless you are saying 99year lease condo is no different from freehold condo. Wait till one private condo depletes its lease without takers then you all will wake up. Singapore is still young so we have not seen it yet...

Anyway, he meant none of these, his agenda is to scare ppl from keeping hdb and encourage them to jump onto new launch market like him. He does not want to be alone. Unfortunately he made an erroneous statement because he failed to use his brain.
Annetyu lolx. Act gangster sia. Insult pple again.

Knn. Ur mother confirm never teach u manners when u are young.
captain huat is offline   Reply With Quote
Old 25-07-2019, 08:50 PM   #1178
Senior Member
 
Join Date: Jan 2005
Posts: 1,571
Annetyu lolx. Act gangster sia. Insult pple again.

Knn. Ur mother confirm never teach u manners when u are young.
Hi bro, Long time no talk, still very aggressive. Haha
But I gotta agree with you sometimes her comments really pissed many off.
sgpropertyblog likes this.
__________________
[SIZE=1]Ng[/SIZE]
NiShiZhu is offline   Reply With Quote
Old 25-07-2019, 08:58 PM   #1179
Senior Member
 
Join Date: Dec 2018
Posts: 2,269
See. Some other smart ones strike lottery.

Property buying has huge gearing effect too.

True, but on highsight if you had succeeded in the hundred palms ballot, you would have a huge paper gain now (given the uptick in prices and cross island line in time to come), where the profits can aid towards even earlier retirement if u downgrade later.
Merg91 is offline   Reply With Quote
Old 25-07-2019, 09:01 PM   #1180
Senior Member
 
Join Date: Dec 2018
Posts: 2,269
Sandwich people mah.
Not everyone is willing to be stuck in HDB flats like some sweet grapes here.

The reason for subsidising is to heat up the property market, to encourage more people to join into the property game.
人也是他,鬼也是他 (playing devil and angel's roles)
Merg91 is offline   Reply With Quote
Old 25-07-2019, 09:06 PM   #1181
Master Member
 
Join Date: Sep 2016
Posts: 2,995
Hi bro, Long time no talk, still very aggressive. Haha
But I gotta agree with you sometimes her comments really pissed many off.
Bobian leh bro. Must tehkan her.

Later u noe what she say.

I am low class gangster, not her level. Cant be bother with us in real life.

Today she earn many mani money in stocks. Collecting rent from her 2or more properties.

Shaking her leg enjoying her retired life.

But, but ar. She thinking of buying terasse.

Not say i look down on terasse la. But given the way she describe herself, i really feel she shld be looking to buy d9 or d10 freehold property.

Dunno why she even bother with d19 property.

Lolx.

Anyway, whats disgust me is she can insult pple, but cannot kenna insult. Like wtf man.

This kind of pple, u say la. Kiam scolding a not.

Whole day act like very educated, but actually is a very toxic person.

Anyway, she bully one time, i scold 1 time lor.
I keyboard warrior mah. Scold pple free 1. Just scold lor
captain huat is offline   Reply With Quote
Old 25-07-2019, 09:18 PM   #1182
Senior Member
 
Join Date: Jan 2005
Posts: 1,571
Bobian leh bro. Must tehkan her.

Later u noe what she say.

I am low class gangster, not her level. Cant be bother with us in real life.

Today she earn many mani money in stocks. Collecting rent from her 2or more properties.

Shaking her leg enjoying her retired life.

But, but ar. She thinking of buying terasse.

Not say i look down on terasse la. But given the way she describe herself, i really feel she shld be looking to buy d9 or d10 freehold property.

Dunno why she even bother with d19 property.

Lolx.

Anyway, whats disgust me is she can insult pple, but cannot kenna insult. Like wtf man.

This kind of pple, u say la. Kiam scolding a not.

Whole day act like very educated, but actually is a very toxic person.

Anyway, she bully one time, i scold 1 time lor.
I keyboard warrior mah. Scold pple free 1. Just scold lor
Pity those who are new here, wanted to learn from others, speaks politely but always get bombarded by her sarcastic remarks or being accused as an agent if someone speaks well of a project.
She can’t tekan u because you are a gangster, and a witty one haha, and definitely not a poor one, else how u can afford a FH Kovan. Lol.
__________________
[SIZE=1]Ng[/SIZE]

Last edited by NiShiZhu; 25-07-2019 at 09:46 PM..
NiShiZhu is offline   Reply With Quote
Old 25-07-2019, 09:57 PM   #1183
Senior Member
 
Join Date: Feb 2005
Posts: 710
I don't use deep English as some uses here.

My sentiments is simple... Unless your pay increases such that can catch up with inflation, accrued interest etc.. You are forever in debt. Education, kids expenses, old folks need to care of... So many to care of, where got debt free...

Condo or hdb same same... Even you clear your hdb and condo loan, you are still in debt. There's nothing as debt free.

Debt free means you go to another place already 😂
fotoudavid is offline   Reply With Quote
Old 25-07-2019, 10:04 PM   #1184
Banned
 
Join Date: May 2018
Posts: 1,650
But, but ar. She thinking of buying terasse.

Not say i look down on terasse la. But given the way she describe herself, i really feel she shld be looking to buy d9 or d10 freehold property.

Dunno why she even bother with d19 property.
I am not interested in terrasse but am recommending it to people who are considering pricey projects like affinity and garden (possibly sumang too).

Whatís wrong with d19? I grew up in Serangoon gardens and I love the area a lot.

And notice I do not bother responding to your nonsensical comments anymore.
annetyu is offline   Reply With Quote
Old 25-07-2019, 10:11 PM   #1185
Banned
 
Join Date: May 2018
Posts: 1,650
Pity those who are new here, wanted to learn from others, speaks politely but always get bombarded by her sarcastic remarks or being accused as an agent if someone speaks well of a project.
She canít tekan u because you are a gangster, and a witty one haha, and definitely not a poor one, else how u can afford a FH Kovan. Lol.
I am very direct especially with illogical comments and people. You all definitely cannot live in Australia or US. You will get into disputes with the locals there daily and lose big time.

The agent thing not I started one and I only said it jokingly once or twice. Please donít anyhow accuse...
annetyu is offline   Reply With Quote
Reply
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Terms of Service for more information.


Thread Tools

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On