It is a drop across the whole island for Hdb flats, just that isolated areas drop are more severe.
For the case of condo, affordable condos still hold price quite well. CCR and sentosa cove huge drop kind of drag the whole index down and furthermore if the drop is so severe, why is there a need for them to change calculation method?
Simple, you just check your Hdb valuation versus few years back? Up or down?
You got any hard data to back up this claim or is this hear say one?
I don't think you are right about HDB dropping across the board, some HDB flats are still being transacted at very very high prices, at over 800k - 1m. I know the valuation of my parent's marine parade HDB is almost unchanged in the past few years.
I bought my condo (in D15) many years ago before prices rocketed in 2012/2013 so the recent transacted prices in my area is still higher than my purchase price, but its definitely lower than the 2013 peak. All in all the general trend for both HDB and private has been down in the past few years, there is no reason to be bullish on private if you are very bearish on HDB.
Hdb flats at high price were higher last time. You try look at the price trend? 1.1 M Hdb at marine parade? Are you kidding me?
Condos at geylang mostly transact at higher price than 2012.
Higher than... what? Condos?
I didn't say marine parade flats are being sold at 1.1m, I said there are still many HDBs transacted at 800k - 1m price range. Marine parade flats have largely held their value in the last few years, the price decline from the peak is at worst the same as overall market, at best about 5% outperformance.
All Geylang condos are transacting at higher price than 2012? You have any transaction data to back up that claim?
By transaction data I mean URA lodged caveats, not advertised asking price on propertyguru.
Actually if you look at HDB resale index, the trend is slightly down while private property is on the rise.
These are just short term adjustments. In the long term, the overall price movements will be hghly correlated.
So no point trying to short (if possible) HDB and long private property.
100 % sure?
Sure huat don't know..
Last transacted hdb in my block..sold for 825k.
In Oct only 780k
Renovation do play a role.
And is there any proof?
Anyway. .my sure huat meaning I don't believe such thing as sure (just in case u misinterpreted haha)
Proof? Go hdb Webby lo...search bukit merah..
Anyway don't think Reno plays so much lah..unless the buyer not changing anything haha..
Cause if me...I won't bother haha
Not bad lah...use 450k get back even 800k also good (stay 6yrs plus 2k monthly rental)..don't think I can complain haha
2012 bukit Merah selling for 450 k only? You sure it is the same kind of flat?
No lah I ballot it under SOBF in 2009. 2012 completion. I think u forgotten such thing as time to build and time u purchase
If u have tracked my posts since long time ago...u will know that I always maintain my position that I bought my house for 450k (that's including all stamp duty and whatnot)
Am surprised u looked at 5rm...mine is 4room only haha
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.
This should be considered as 2009 purchase.
09-12 huge rise, but 12-18 actually not rise at all.
haha i did not say i buy at 2012. I think u assumed lol
No lah I ballot it under SOBF in 2009. 2012 completion. I think u forgotten such thing as time to build and time u purchase
If u have tracked my posts since long time ago...u will know that I always maintain my position that I bought my house for 450k (that's including all stamp duty and whatnot)
Am surprised u looked at 5rm...mine is 4room only haha