CNA - HDB resale prices fall for third consecutive quarter: Flash estimate

[cyke69sg]

I bought my HDB resale 7-8 yrs ago. Now the price almost doubled aldy!

Plus I collect rental every mth. ROI is better than even stock market

HDB is one of the best investments in the world. Guaranteed by SG govt also.

 

[quincyster]

We will only see increasing units with Leases decay and limited willing buyers for these rotting leases.

 

[cyke69sg]

Hope more units can reach $1M. can sell & use the money as my retirement funds

Why sell? The rent will go up accordingly to maintain yield.

 

[Asphodeli]

https://www.channelnewsasia.com/singapore/hdb-resale-prices-fall-upcoming-bto-exercises-6423006

Maybe some famous guy should write about average HDB prices fall, yet highest priced HDB breaks record. How there are only 15% super rich vs average workers wealth.

The gap is getting smaller and smaller if highest priced is $100k and average is $90k.

It will get POFRMA and govt has to release more data to show that rich just have $1 more than what the average have.

The peasants first run out of money...then comes the bourgeois and elites and their private property to follow

 

[nasfieldjohn]

Worlds most sexpensive city yoyo

 

[cyke69sg]

We will only see increasing units with Leases decay and limited willing buyers for these rotting leases.

Leases will be renewed when the time comes. SG govt cannot afford to have HDB assets go to $0. Will hurt the economy.

 

[Can Or Not]

I nver think so much

Once hit $1M or so, I think I will sell

Keep the money as my retirement funds. By then I shld be in my 50s...

I think $1m per flat unless special like EC… is really too crazy…

 

[Can Or Not]

That's good for property owners isn't it?

You say good means good

 

[cyke69sg]

You say good means good

If you own property and price go up you say no good? Really?

 

[monkey4eva]

meanwhile old generation asking why their kids never change house....

someone's daughter husband earning 50k.. they move house every few years..

why never buy car..

why never travel

why stay hdb

 

[klavier]

If you own property and price go up you say no good? Really?

Good for self..
Not so good for those with children (unless single child families)..
If have 2 kids or more, some parents might start to worry how our kids afford housing in the future..

 

[Can Or Not]

If you own property and price go up you say no good? Really?

Depends lah… some sell Liao… then need to stay under CTE… or PIE with cardboard… because other units more expensive…

 

[cyke69sg]

Good for self..
Not so good for those with children (unless single child families)..
If have 2 kids or more, some parents might start to worry how our kids afford housing in the future..

Rent.
Don't need to buy.
Honestly with birth rates falling in most developed countries I see demand for residential units falling worldwide. Unless the country is importing immigrants from the countries that have high birth rates.

 

[N4E.SI]

meanwhile old generation asking why their kids never change house....

someone's daughter husband earning 50k.. they move house every few years..

why never buy car..

why never travel

why stay hdb

Luckily I buy car, always travel and stay condo

 

[N4E.SI]

I think $1m per flat unless special like EC… is really too crazy…

4RM aldy hitting $1M for some areas aldy

So not impossible

 

[monkey4eva]

Luckily I buy car, always travel and stay condo

fully paid? or still in debt?

 

[Lss]

I bought my HDB resale 7-8 yrs ago. Now the price almost doubled aldy!

Plus I collect rental every mth. ROI is better than even stock market

I bought my bto 5 years ago. Now MOP also double.

 

[Godeau]

Oh it'll fall for sure, especially those edging closer towards lease decay. Newly mop-ed ones not much so as they are considered desirable in the market, especially so when the govt is constantly bringing in foreigners and converting them. Population ponzi has to continue for the game of musical chairs to go on.

 

[N4E.SI]

fully paid? or still in debt?

Condo fully paid (parents one)

Car also paid hehe

Travel use my investment profits

 

[Ayuready?]

I don’t trust their numbers. Definitely massaged and fudged beyond recognition