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Choa chu kang hdb flats price breaks one year low

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Old 12-02-2018, 10:52 AM   #46
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For those who are interested, mummy's condo name is smart suites.
Current tenanted out at 2100 sgd per month, 2 rooms, 498 sqft. Correct me if I remembered wrongly.
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Old 12-02-2018, 10:56 AM   #47
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For those who are interested, mummy's condo name is smart suites.
Current tenanted out at 2100 sgd per month, 2 rooms, 498 sqft. Correct me if I remembered wrongly.
Mummy has clearly done well. Mike's data just state the average across Spore. Specific locations and units could easily outperform or underperform Mike's data.
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Old 12-02-2018, 11:00 AM   #48
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I LOL at people who laughed at mummy last time, mummy's properties capital gain gao gao for the past few years.

Mummy has clearly done well. Mike's data just state the average across Spore. Specific locations and units could easily outperform or underperform Mike's data.
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Old 12-02-2018, 11:03 AM   #49
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Mummy has clearly done well. Mike's data just state the average across Spore. Specific locations and units could easily outperform or underperform Mike's data.
Yes. So there is no absolute guarantee that buying properties will give good returns.

Timing and luck play important roles.

I am not sure what is the purpose of this thread.

CCK flats hitting 1 year low. So what residences there should do? Cut loss and find another unit?

If the implication is all other HDB prices are likely to do go down, then what? Sell their units?

The bigger picture is if HDB prices are going down, private property prices cannot diverge too much. Otherwise, government must step in to stop the divergent. Or private property prices are likely to go down as well.

If you are entitled, applying for BTO is a no brainier. With government subsidies, at least your purchase has some margin of safety.
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Old 12-02-2018, 11:23 AM   #50
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Yes. So there is no absolute guarantee that buying properties will give good returns.

Timing and luck play important roles.

I am not sure what is the purpose of this thread.

CCK flats hitting 1 year low. So what residences there should do? Cut loss and find another unit?

If the implication is all other HDB prices are likely to do go down, then what? Sell their units?

The bigger picture is if HDB prices are going down, private property prices cannot diverge too much. Otherwise, government must step in to stop the divergent. Or private property prices are likely to go down as well.

If you are entitled, applying for BTO is a no brainier. With government subsidies, at least your purchase has some margin of safety.

I never said there is a guarantee. Property investment requires skill and years of experience. Best that people don't touch it if they are not prepared to spend time and effort to acquire skill.
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Old 12-02-2018, 11:24 AM   #51
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If you are not entitled to buy BTO, then just too bad.
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Old 12-02-2018, 11:25 AM   #52
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I never said there is a guarantee. Property investment requires skill and years of experience. Best that people don't touch it if they are not prepared to spend time and effort to acquire skill.
I didn't quote your guarantee.

But our property guru with 30 years of experience said buying a private property is the best investment for the average.
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Old 12-02-2018, 11:30 AM   #53
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Say until as if there is no need for you to return the grant should you sell your bto.
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Old 12-02-2018, 11:32 AM   #54
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https://www.renonation.sg/5-things-a...ousing-grants/

Read this thread about housing grants and you will know it is not that simple.

@perisher

This information is for you too.
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Old 12-02-2018, 12:13 PM   #55
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If you look at it in another way, the grant essentially acts like a loan to yourself.
Come on yyhwin. You are not entitled to the grant. So just suck thumb.

Don't need to give the impression that these grants are not worth it.

Paying a subsidised BTO. Or buying a premium private property without subsidy.

Smaller cash outlay or bigger cash outlay NOW.

Both considerations will potentially give similar rate of returns.

Which one is a better choice?

It is really a no brainer.
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Old 12-02-2018, 12:20 PM   #56
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I feel perfectly okay about it actually.



Come on yyhwin. You are not entitled to the grant. So just suck thumb.

Don't need to give the impression that these grants are not worth it.

Paying a subsidised BTO. Or buying a premium private property without subsidy.

Smaller cash outlay or bigger cash outlay NOW.

Both considerations will potentially give similar rate of returns.

Which one is a better choice?

It is really a no brainer.
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Old 12-02-2018, 12:20 PM   #57
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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?
Will people pay more for a 93 year lease left hdb or 99 year lease bto? Still feel the 99 year lease property for own stay is a liability, unless rent out.
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Old 12-02-2018, 12:21 PM   #58
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Most of the resale flats are in better locations, hard to compare.

Will people pay more for a 93 year lease left hdb or 99 year lease bto?
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Old 12-02-2018, 12:23 PM   #59
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Say until as if there is no need for you to return the grant should you sell your bto.
Maybe could sell higher than the bto price, but then lease is lesser, will people willing to pay a higher price?
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Old 12-02-2018, 12:30 PM   #60
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Maybe could sell higher than the bto price, but then lease is lesser, will people willing to pay a higher price?

I give you an example:
You buy BTO at isolated location in year 2013, your flat ready in year 2016, then MOP 2021. Given the price trend now, I predicted a further fall in HDB prices especially those in more isolated locations. When your flat is ready to sell in year 2021, you find out government is building even more BTOs in isolated locations and your flats need to compete with other old flats that are closer to MRT.

Unless you are very lucky to get BTOs in more centralised locations, if not, most likely HDB will put even more restrictions on flats.

In my opinion, if really very lucky to get BTOs in central locations, definitely go for it. Those isolated areas, perhaps just give it a miss.
Getting BTOs in central locations are like strike lottery, just keep trying until you get them, but how many years can you waste?
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