30s-50s chitchat club

[antonpoh]

Early morning friend sent me this

https://www.facebook.com/share/v/1AZsVc923d/?mibextid=wwXIfr

Sad truths. Traditional middleman business is at high risk

Help you post the facebook video.. don't know if it will work.

 

[Velton]

65% approves this so what to do.. some of us do know this will kill us eventually.. but majority just can't see it and continue to vote for the incumbent.

 

[SongManKranji]

Medical body president concerned over Great Eastern pausing pre-authorisation for Mount Elizabeth admissions​

Great Eastern's recent move could disrupt patients' "continuity of care”, said Singapore Medical Association president Dr Ng Chee Kwan.

@highsulphur whats your view on this case.

 

[antonpoh]

Provided still have cash left.

Years ago, I already had the feeling SG will be like HK and JB like SZ.
Looks like its coming true

Heard something yesterday. A huge insurance company here plan to move some of their department over to KL next year... just to cut cost.

 

[highsulphur]

Heard something yesterday. A huge insurance company here plan to move some of their department over to KL next year... just to cut cost.

Every MNC has already moved some or most finance, HR functions out of Singapore

 

[singexpat]

I didn't know the story about beng hiang. It's so sad. At least I tried a few times.

We need to tax corporate and commercial properties gao gao based on AV. You want to increase rent? Can. I just increase your property taxes exponentially based on AV even if it's left empty!

end up rent also go up.

they should have a ceiling cap instead, or on a mixed formula like low rent + % of earnings

 

[singexpat]

I don't go JB personally but I can see why people do. The cost of living here is getting crazy. We kind of deserve it and the politicians are responsible for this **** we are in

almost everyone is vested into REITS concept. and everyone wants to be a landlord and shake legs.

its probably the downside of a small country with high population.

 

[singexpat]

Now HK' JB is Zhuhai. Not Shenzhen.
Go there can hear alot of hk going cheap cheap

zhuhai is quite dead. the flowover from Macau is not there and in fact more ZH ppl goes over to Macau to work.

 

[singexpat]

yes I use to hv meals (usually biz) u can see many execs there, lunch must booked, if not wait. Now at JE, during lunch I can stroll up still hv table, I like their Kong Bak pao, sweet & sour fish maw soup.

F&B biz can do, but u need to work like until this uncle whom died at work, or the ckt uncle mati. I now see why moi 86 yr uncle is partially residing in Batam. He told me son "WE MUST LIVE HAPPILY"

i hope i can move to LGK one day.

 

[singexpat]

Help you post the facebook video.. don't know if it will work.

thank you. dunno why i cannot embed on mobile

 

[highsulphur]

end up rent also go up.

they should have a ceiling cap instead, or on a mixed formula like low rent + % of earnings

If property tax based on AV is painful enough esp for empty units, the only way for them to reduce it is to reduce AV which means reducing rent

 

[aceminer]

If property tax based on AV is painful enough esp for empty units, the only way for them to reduce it is to reduce AV which means reducing rent

thats why property isnt a way to investment liao

 

[Autumn.]

Every MNC has already moved some or most finance, HR functions out of Singapore

actually, this is a problem. because they do not understand that we don't actually have health benefits unlike their home country.

 

[Autumn.]

Help you post the facebook video.. don't know if it will work.

his english..... my ears

actually we need a economy reset. such as we all need to tabao food from home singapore G just dun want to intervene lease.

 

[antonpoh]

thank you. dunno why i cannot embed on mobile

You need to retype the code in manually. Stupid HWZ website, think the programmer sleeping or they outsource to india.

Example:

To embed youtube video:
[ MEDIA= youtube] ******* [ /MEDIA ]

To embed facebook video, find the group of numbers in the URL and insert it...
[ MEDIA= facebook ] here [ /MEDIA ]

 

[SongManKranji]

i hope i can move to LGK one day.

Can be done bro. I see u there often

 

[antonpoh]

If property tax based on AV is painful enough esp for empty units, the only way for them to reduce it is to reduce AV which means reducing rent

I don't think it's the AV that cause the rent to increase. It's the commercial Bank loan interest rate. It could be higher than 6%.


https://forums.hardwarezone.com.sg/threads/purchase-of-commercial-property.7010479/

Post #17
Note if u buy commercial ppty w bank loan, interest rate is very high and they (bank & govt) don't want u to leech on rental collection wo doing ...

 

[Milo-Dino]

Heard something yesterday. A huge insurance company here plan to move some of their department over to KL next year... just to cut cost.

Abit late liao... Last time NOL already did that before they got sold to cma cgm

 

[Milo-Dino]

HK aldy kena terok terok.
I know many sinkies are renting houses in JB, work in Stinkapore. Travelling sucks but end of day bank ac still hv positive.
I ever spoke to F&B boss in West Mall, before Ya kun took over, his rental was raised from 6k to 12k, he eventually gave up.

Another popular rest Beng hiang (previous Amoy St) rental 40k, landlord raise $120k, lucky they bought over boon lay rest & now operating JE (beside J cube now torn down CONDO).

My late grandfather was a regular at beng hiang... We have family dinners that annually...

My grandfather was with the clan nearby... So the staff at the restaurant know him

 

[highsulphur]

I don't think it's the AV that cause the rent to increase. It's the commercial Bank loan interest rate. It could be higher than 6%.


https://forums.hardwarezone.com.sg/threads/purchase-of-commercial-property.7010479/

Post #17
Note if u buy commercial ppty w bank loan, interest rate is very high and they (bank & govt) don't want u to leech on rental collection wo doing ...

No that's not what I meant. I mean to peg the AV more accurately to actual rent paid to increase property tax to the max pain threshold. Can even tier the tax rate.