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Choa chu kang hdb flats price breaks one year low

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Old 12-02-2018, 09:58 AM   #31
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@mummy1234 huat like mad for her Mickey Mouse unit at sims avenue.
Really luck very good. Very very good.
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Old 12-02-2018, 10:02 AM   #32
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Many think buying bto sure huat, but I don't think the maths works this way.

You are buying BTO at current price, if there is a huge pressure on resale flat price, once your bto flats are ready, resale flats may demand a price similar to Bto price. And most resale flats are in better locations compared to bto flats, this also means rental demand for resale flat is higher.

Anyway, more people buying bto means more revenue for government.

But BTOs are still very expensive.
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Old 12-02-2018, 10:10 AM   #33
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Many think buying bto sure huat, but I don't think the maths works this way.

You are buying BTO at current price, if there is a huge pressure on resale flat price, once your bto flats are ready, resale flats may demand a price similar to Bto price. And most resale flats are in better locations compared to bto flats, this also means rental demand for resale flat is higher.

Anyway, more people buying bto means more revenue for government.
u think those hdb flippers still exists? u have many such friends meh?

HDB dwellers i knew all no plans to cash out for profit/loss.
they do not care the current value leh.

what do you propose those CCK owner should do?
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Old 12-02-2018, 10:12 AM   #34
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By right all 99year leasehold should drop 1% per year but offset with appreciation due to inflation.

However, there will be inflection point where inflation wont be able to offset anymore due to additional restriction kicked off:
- >30-40 years old unit where bank wont give 80% loan
- Any other govt/market news: wont en bloc/SERS anymore

Anymore to add?
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Old 12-02-2018, 10:12 AM   #35
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Another common sense.

Government gives you subsidies to buy BTO flats. Make use of those subsidies.
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Old 12-02-2018, 10:14 AM   #36
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Some are forced to sell, either to cash out, to upgrade, to migrate or even for medical fees. Some sell because their bto flats are ready so they think by selling resale they can earn a lot. By the way, given the resale price now, I doubt they can earn a lot.

Anyway, my aunt and uncle who are singaporeans, also said like that before, but they were lucky to bought their bto at low and sell their resale in year 2013 right before Hdb price came down. Now thinking back, I feel so happy for them.

u think those hdb flippers still exists? u have many such friends meh?

HDB dwellers i knew all no plans to cash out for profit/loss.
they do not care the current value leh.

what do you propose those CCK owner should do?
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Old 12-02-2018, 10:17 AM   #37
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Do you think government will make lease renewal an entitlement? Lease renewal in Malaysia seems much easier compared to Singapore?

Is SERS an entitlement too?

By right all 99year leasehold should drop 1% per year but offset with appreciation due to inflation.

However, there will be inflection point where inflation wont be able to offset anymore due to additional restriction kicked off:
- >30-40 years old unit where bank wont give 80% loan
- Any other govt/market news: wont en bloc/SERS anymore

Anymore to add?
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Old 12-02-2018, 10:22 AM   #38
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Do you think government will make lease renewal an entitlement? Lease renewal in Malaysia seems much easier compared to Singapore?

Is SERS an entitlement too?
LW already mentioned SERS is not entitlement.

So not sure if lease renewal is possible, that said, how much to pay and what percentage need to agree and what to do with those who opt not to renew?
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Old 12-02-2018, 10:26 AM   #39
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Far East also smart, bought freehold lands at premium then sell as 99 years leasehold. After 99 years, they take back the land and redevelop. Win max.

LW already mentioned SERS is not entitlement.

So not sure if lease renewal is possible, that said, how much to pay and what percentage need to agree and what to do with those who opt not to renew?
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Old 12-02-2018, 10:27 AM   #40
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Far East also smart, bought freehold lands at premium then sell as 99 years leasehold. After 99 years, they take back the land and redevelop. Win max.
Customer can choose not to buy.
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Old 12-02-2018, 10:32 AM   #41
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Far East has A lot of loyal supporters. I heard their condos are better quality and priced at premium.

Customer can choose not to buy.
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Old 12-02-2018, 10:38 AM   #42
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Just wait and see, government is creating segregated market for HDB and condo.

HDB put a lot of restrictions for PRs, cannot lease whole flat, both must be 3 years PR. These measures cut down demand for resale flats successfully and put a lot of downward pressure on Hdb flats price.

On the other hand, from what I obeserve so far, small condos especially those in more accessible areas, have been going up and up.

I could be wrong, but I think the government is moving in correct direction. Push out a lot of new btos, mass increase in Hdb flats, cut down demand for Hdb flats and decrease price for Hdb flats successively. Thumbs up for the government. Now youngsters can own flats with more affordable prices

I agree. The only way forward for the govt is to create a 2 tier market. Flood the market with cheap hdb flats to keep resale hdb flats cheap. That is not going to affect CCR prices. Good luck to OCR properties.
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Old 12-02-2018, 10:42 AM   #43
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@mummy1234 huat like mad for her Mickey Mouse unit at sims avenue.
Really luck very good. Very very good.
I really

The data are out in my thread.

Some who bought Mickey Mouse units recently are sitting on capital losses.

In the long term, rate of appreciation is close or slightly higher than rate of inflation.
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Old 12-02-2018, 10:45 AM   #44
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Look at how her condo performed in recent years before you comment. Superb rental yield and reasonable capital gain in a relatively bearish market.
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Old 12-02-2018, 10:46 AM   #45
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I am not so worried for freehold condos with high rental demand actually.


I agree. The only way forward for the govt is to create a 2 tier market. Flood the market with cheap hdb flats to keep resale hdb flats cheap. That is not going to affect CCR prices. Good luck to OCR properties.
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