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Old 27-07-2019, 08:06 AM   #1366
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Just curious that many commented that this is not the right time of entry and yet we see many buyers jumping in. Forced to buy? Why?
My Guess:
1) Getting used to it:
When new CMs was initially imposed, it just a matter of time for buyers to get used to it. So initially, u will see a period of tug of war between the buyers and sellers/Developers. (Also known as Knee jerk effect). But that does not mean all quit buying. Mindset takes time to change and adjust. In our Long chain of CMs imposed, did we see any major price correction so far?

2) human are forgetful and kiasu animals:
Didn’t we all learn from 2013 CM when TDSR and 7%ABSD was imposed? I always thought that’s the Mother of all CMs and would put the last nail into the property coffin. Never did I expect people are still buying with 7%ABSD, queuing up overnight at PC, RF and Stirling, thinking that they will get a good deal before 12%ABSD kicks in.

3) Genuine young home buyers:
Of course we can’t dispute there are such group buying for self stay.
Many singles I knew enjoys privacy and move out from parents. Instead of splurging money on depreciating items such as buying luxury cars or other luxury items, wouldn’t it be more practical to invest on something that has possibility of appreciating?

4) HDB upgraders:
Just like the American dreams, buying property is singaporean’s Dream. It’s already in our DNA. Many Singaporean aspired to upgrade from HDB to condos. Many felt that since they are already Working so hard, don’t they deserve some changes in life? Anyway, we only live once. Of course, this point is rather subjective. Different folks, different strokes. Some wants to be loan free as early as possible. That said, unless u really know how to make your money/savings work as hard to hedge against inflation and grant you an early/comfortable retirement plan. However, Not many are as savvy and equipped with such knowledge.

5) leveraging
Besides buying property, no other forms of investment mechanisms can get you a loan as high as you can get from bank. Many believes it’s the best way to hedge against inflation rather than letting money rot in bank.

Trying to understand from the psychological angle rather than just looking at the logical aspects probably will help u understand better why people are still buying. Recently, 3 of my ex colleagues just called me up to ask me details on decoupling as they all have fully paid off their property. All intend to buy their second.

Also interesting to note that the Florence thread recently has came back to life again.

People like me or those who are Long enough in property are not buying now has our own reason and rationale. But I know one person cannot talk up or talk down the property market. It is driven by public sentiments.
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Last edited by NiShiZhu; 27-07-2019 at 08:42 AM..
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Old 27-07-2019, 08:12 AM   #1367
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My Guess:
1) Getting used to it:
When new CMs was initially imposed, it just a matter of time for buyers to get used to it. So initially, u will see a period of tug of war between the buyers and sellers/Developers. (Also known as Knee jerk effect). But that does not mean all quit buying. Mindset takes time to change and adjust. In our Long chain of CMs imposed, did we see any major price correction so far?

2) human are forgetful and kiasu animals:
Didnít we all learn from 2013 CM when TDSR and 7%ABSD was imposed? I always thought thatís the Mother of all CMs and would put the last nail into the property coffin. Never did I expect people are still buying with 7%ABSD, queuing up overnight at PC, RF and Stirling, thinking that they will get a good deal before 12%ABSD kicks in.

3) Genuine young home buyers:
Of course we canít dispute there are such group buying for self stay.
Many singles I knew enjoys privacy and move out from parents. Instead of splurging money on depreciating items such as buying luxury cars or other luxury items, wouldnít it be more practical to invest on something that has possibility of appreciating?

4) HDB upgraders:
Just like the American dreams, buying property is singaporeanís Dream. Itís already in our DNA. Many Singaporean aspired to upgrade from HDB to condos. Many felt that since they are already Working so hard, donít they deserve some changes in life? Anyway, we only live once. Of course, this point is rather subjective. Different folks, different strokes. Some wants to be loan free as early as possible.

5) leveraging
Besides buying property, no other forms of investment mechanisms can get you a loan as high as you can get from bank. Many believes itís the best way to hedge inflation rather than letting money rot in bank.

Trying to understand from the psychological angle rather than just looking at the logical aspects probably will help u understand better why people are still buying. Recently, 3 of my ex colleagues just called me up to ask me details on decoupling as they all have fully paid off their property. All intend to buy their second.

People like me or those who are Long enough in property are not buying now has our own reason and rationale. But I know one person cannot talk up or talk down the property market. It is driven by public sentiments.
nice post but i think sentiment is fluid. if you wrote this between 2000 to 2004 people will laugh at you.
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Old 27-07-2019, 08:30 AM   #1368
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nice post but i think sentiment is fluid. if you wrote this between 2000 to 2004 people will laugh at you.
Yes, Don’t know kenna mock by how many people Liao when bought in 2003 and 2005. Lol
习惯就好 (just get used to it). Live for myself, not others.
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Last edited by NiShiZhu; 27-07-2019 at 08:33 AM..
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Old 27-07-2019, 08:41 AM   #1369
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My Guess:
1) Getting used to it:
When new CMs was initially imposed, it just a matter of time for buyers to get used to it. So initially, u will see a period of tug of war between the buyers and sellers/Developers. (Also known as Knee jerk effect). But that does not mean all quit buying. Mindset takes time to change and adjust. In our Long chain of CMs imposed, did we see any major price correction so far?

2) human are forgetful and kiasu animals:
Didnít we all learn from 2013 CM when TDSR and 7%ABSD was imposed? I always thought thatís the Mother of all CMs and would put the last nail into the property coffin. Never did I expect people are still buying with 7%ABSD, queuing up overnight at PC, RF and Stirling, thinking that they will get a good deal before 12%ABSD kicks in.

3) Genuine young home buyers:
Of course we canít dispute there are such group buying for self stay.
Many singles I knew enjoys privacy and move out from parents. Instead of splurging money on depreciating items such as buying luxury cars or other luxury items, wouldnít it be more practical to invest on something that has possibility of appreciating?

4) HDB upgraders:
Just like the American dreams, buying property is singaporeanís Dream. Itís already in our DNA. Many Singaporean aspired to upgrade from HDB to condos. Many felt that since they are already Working so hard, donít they deserve some changes in life? Anyway, we only live once. Of course, this point is rather subjective. Different folks, different strokes. Some wants to be loan free as early as possible. That said, unless u really know how to make your money/savings work as hard to hedge against inflation and grant you an early or comfortable retirement plan. However, Not many are as savvy and equipped with such knowledge.

5) leveraging
Besides buying property, no other forms of investment mechanisms can get you a loan as high as you can get from bank. Many believes itís the best way to hedge inflation rather than letting money rot in bank.

Trying to understand from the psychological angle rather than just looking at the logical aspects probably will help u understand better why people are still buying. Recently, 3 of my ex colleagues just called me up to ask me details on decoupling as they all have fully paid off their property. All intend to buy their second.

Also interesting to note that the Florence thread recently has came back to life again.

People like me or those who are Long enough in property are not buying now has our own reason and rationale. But I know one person cannot talk up or talk down the property market. It is driven by public sentiments.
Mr Think was questioning the buyersí timing of entry... why did people rush in to buy projects like TV, Garden & Woodleigh residence which eventually offered considerable discounts from launch price?

It is simply the herd mentality and fear of missing the boat. And also add in the foreigners who do not have perfect information.
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Old 27-07-2019, 08:49 AM   #1370
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Mr Think was questioning the buyers’ timing of entry... why did people rush in to buy projects like TV, Garden & Woodleigh residence which eventually offered considerable discounts from launch price?

It is simply the herd mentality and fear of missing the boat. And also add in the foreigners who do not have perfect information.
The timing that is right for you may not be right for me. Same applies to others.
For those who constantly try to talk down property, no timing is ever right for them. So I would suggest they stay put of what they have currently. (To be honest, I’m currently staying put of what I have right now).

Hmm, I thought u said u are busy and not going to be here often? Sigh, you make everyone here happy for a moment. Lol
So now should I treat u like an old season property expert or just a 1998 newbie? I’m still kinda confused.
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Last edited by NiShiZhu; 27-07-2019 at 08:59 AM..
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Old 27-07-2019, 09:01 AM   #1371
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The timing that is right for you may not be right for me. Same applies to others.
For those who constantly try to talk down property, no timing is ever right for them. So I would suggest they stay put of what they have currently.

Hmm, I thought u said u are busy and not going to be here often? Sigh, you make everyone here happy for a moment. Lol
So now should I treat u like an old season property expert or just a 1998 newbie? Iím totally confused.
School starts in 2 weeks and I did not say I will totally abstain from commenting in the forum. Many are sad to see me go unfortunately, with my increased number of PMs the past day.

I see, so buying at 10% less half a year later is not clear enough to be a better time of entry? This is new launch, however early u buy, TOP remains the same.

Not sure why u are remaining so childish by nsisting others are talking down the market.
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Old 27-07-2019, 09:15 AM   #1372
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School starts in 2 weeks and I did not say I will totally abstain from commenting in the forum. Many are sad to see me go unfortunately, with my increased number of PMs the past day.

I see, so buying at 10% less half a year later is not clear enough to be a better time of entry? This is new launch, however early u buy, TOP remains the same.

Not sure why u are remaining so childish by nsisting others are talking down the market.
As usual, a simple reply to someoneís post will always trigger your wrath.
I do receive many private PMs, nothing to brag about.
Did you miss the boat too many times or u just felt your future is rather bleak and impossible for u to afford a property in the near future after you graduated?
Donít be shy, just share.
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Old 27-07-2019, 09:18 AM   #1373
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As usual, a simple reply to someoneís post will always trigger your wrath.
I do receive many private PMs, nothing to brag about.
Did you miss the boat too many times or u just felt your future is rather bleak and impossible for u to afford a property in the near future after you graduated?
Donít be shy, just share.
As usual, being childish again.

Previously not answering mr thinkís question, now mine.

I am still young and very sure will be much more successful than you.

Grow up Mr Ni and improve your reading and comprehension.
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Old 27-07-2019, 09:21 AM   #1374
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Did you miss the boat too many times or u just felt your future is rather bleak and impossible for u to afford a property in the near future after you graduated? .
Worry more about your kids. Try to send them to top JCs if you can. I hope they donít need to live off you just like you did with your parents.
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Old 27-07-2019, 09:30 AM   #1375
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As usual, being childish again.

Previously not answering mr think’s question, now mine.

I still young and am very sure will be much more successful than you.

Grow up Mr Ni and improve your reading and comprehension.
Mr think’s question is simple, he was puzzled why many said they are not buying now but every month, healthy sales transactions are still taking place. So I offered him my opinions. And that triggers u again?
I’m rather flabbergasted why u keep condemning others about their English/comprehension skills. Are you some kind of law graduates or some poets who can write beautiful English poetry? But the fact is, I’m not seeing that in you.

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Old 27-07-2019, 09:37 AM   #1376
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Worry more about your kids. Try to send them to top JCs if you can. I hope they don’t need to live off you just like you did with your parents.
Why worry about my kids which I think your parents should be more worried about your upbringing and mannerism instead? From the way how you troll your identity and cross fire with everyone here. Hmm, not going to argue with you today since it’s a Saturday. would rather spend time with my family having a good breakfast.
Seeya soon and Enjoy your day.

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Old 27-07-2019, 09:40 AM   #1377
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School starts in 2 weeks and I did not say I will totally abstain from commenting in the forum. Many are sad to see me go unfortunately, with my increased number of PMs the past day.

I see, so buying at 10% less half a year later is not clear enough to be a better time of entry? This is new launch, however early u buy, TOP remains the same.

Not sure why u are remaining so childish by nsisting others are talking down the market.
Because u are.
Thats how i feel also
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Old 27-07-2019, 09:42 AM   #1378
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My Guess:
1) Getting used to it:
When new CMs was initially imposed, it just a matter of time for buyers to get used to it. So initially, u will see a period of tug of war between the buyers and sellers/Developers. (Also known as Knee jerk effect). But that does not mean all quit buying. Mindset takes time to change and adjust. In our Long chain of CMs imposed, did we see any major price correction so far?

2) human are forgetful and kiasu animals:
Didnít we all learn from 2013 CM when TDSR and 7%ABSD was imposed? I always thought thatís the Mother of all CMs and would put the last nail into the property coffin. Never did I expect people are still buying with 7%ABSD, queuing up overnight at PC, RF and Stirling, thinking that they will get a good deal before 12%ABSD kicks in.

3) Genuine young home buyers:
Of course we canít dispute there are such group buying for self stay.
Many singles I knew enjoys privacy and move out from parents. Instead of splurging money on depreciating items such as buying luxury cars or other luxury items, wouldnít it be more practical to invest on something that has possibility of appreciating?

4) HDB upgraders:
Just like the American dreams, buying property is singaporeanís Dream. Itís already in our DNA. Many Singaporean aspired to upgrade from HDB to condos. Many felt that since they are already Working so hard, donít they deserve some changes in life? Anyway, we only live once. Of course, this point is rather subjective. Different folks, different strokes. Some wants to be loan free as early as possible. That said, unless u really know how to make your money/savings work as hard to hedge against inflation and grant you an early/comfortable retirement plan. However, Not many are as savvy and equipped with such knowledge.

5) leveraging
Besides buying property, no other forms of investment mechanisms can get you a loan as high as you can get from bank. Many believes itís the best way to hedge against inflation rather than letting money rot in bank.

Trying to understand from the psychological angle rather than just looking at the logical aspects probably will help u understand better why people are still buying. Recently, 3 of my ex colleagues just called me up to ask me details on decoupling as they all have fully paid off their property. All intend to buy their second.

Also interesting to note that the Florence thread recently has came back to life again.

People like me or those who are Long enough in property are not buying now has our own reason and rationale. But I know one person cannot talk up or talk down the property market. It is driven by public sentiments.
A well thought and curated post, which served the intent of the forum for a healthy banter and exchange of opinion. The pointers struck a few chords.

I must admit I wished I had looked at the market earlier; but we canít turn back time. Buy within ones means and stay positive.

On a note, (disclaimer: not looking at treasures) but my thought is treasures would likely sell with it decent entry price. I also donít see treasures lowering its prices; in fact itís more likely to increase in time to come, because its price is already the lowest in the market did we see RF lowering its prices in 2018 despite it being a mega project? No, and it already sold over 1000 units. Of cos, as someone thinking to enter the market, we all wish prices were lower but looking at it objectively, tells me it would not.

Last edited by Passerboy; 27-07-2019 at 09:45 AM..
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Old 27-07-2019, 09:55 AM   #1379
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Mr Think was questioning the buyersí timing of entry... why did people rush in to buy projects like TV, Garden & Woodleigh residence which eventually offered considerable discounts from launch price?

It is simply the herd mentality and fear of missing the boat. And also add in the foreigners who do not have perfect information.
Btw, this was my first reply to our guru Ni before he got worked up and started attacking me and ended up become my problem again.

Please open your eyes wide everyone.
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Old 27-07-2019, 10:04 AM   #1380
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I want buy condo and I envy people who can afford and get one. I am stuck with HDB and I wonder when can I have the chance to upgrade.
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