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

[lao3hero]

personally i think people who buy HDB at super high price is not super rich when hdb prices are falling.
they are super stupid.
is true, out of 100% got those really stupid people that make up 10% who doesnt go check the market price, and just gullible when property agent say good buy.
super rich people are usually smarter and will not buy them at a loss when consider decay lease etc.
top 15% rich people also dun buy HDB, they buy private properties or invest their money where they will not get stuck in property.

they might not stupid. it might something we dun know but they know. sekali got insider info that in future 99-year lease can add a bit of money to increase number of years like in the UK?


Read HWZ Forum Rules!

 

[Spike]

There's no need to draw any conclusion from a single report.

In spite of high property prices, as long as an individual can afford and he feels he needs to get a HDB anyway, he will still purchase. If he cannot afford a HDB, prices don't matter.

Likewise, if the HDB you are living in is your sole property, you might not necessarily benefit from rising property prices unless you have another place to stay rent free.

 

[askxyz]

resale prices fall but every now and then will have million dollar sales transaction

 

[Vincentlow82]

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

Soon even with 1 million dollars per person can’t retire comfortably.

 

[monkey4eva]

Soon even with 1 million dollars per person can’t retire comfortably.

ur toto prize need adjust.. 1.5m starting prize lol

 

[Ronin881]

Ah but then COE is still rising.

Money for HDB appears to be channelled for car purchases.

Why?

A car is easier to show off.

 

[NightGhost]

With AI a lot of people will lost job. AI is efficient to save costing and main is save a lot of manpower.
When people no job spending power will drop n economic will not rotate. AI speed up the things but no spending power.

 

[NintendoSwitch]

will they push out new measures to schemes to stop the drop ?

They oredi test balloon letting even moar Visitors in liao.

 

[zetraw]

Couldn't understand what those 3 lines mean. Can please explain?

It does not make sense. I am waiting for someone influential, like opposition party, Elon Musk, etc to conduct a research why highest price get higher but average price dropping or barely move.

And see if the rich is richer and can pay higher and higher price. While the rest barely move the average needle. And if possible, are the poor dragging the average down. Then are the gap between the poor catching up with the richer. And anyhow write a document, create a stir. Then govt POFMA it, but cannot just say it is false, they have to provide some data to show us the richest in SG has only $10 extra than the poorest in SG.

 

[bruiser69]

Please crash more

 

[zetraw]

Govt will never let it crash, their balance sheet depends on it.

 

[rider83]

lol like that also can ...

then i shall tell people i stay GCB

GCB = Govt Compact Buildings?

 

[miko66]

Received property agent pamphlets showing the crazy transacted prices of resale… last time 3 room is 300,000 4 room is 400,000 5 room is 500,000… now reaching the double of these prices Liao..

Ya
The nos. load of bulls !

I’ve just view a 3rm flat asking for $525k
Looking at the condition, needs at least 60-$70k to reno

knn total nearing $600k

Anyway, I noticed HDB no longer an affordable shelter for sinkies once upon a time

Most sinkies are slaves to loans and mortgages nowadays - for at least 30y lol

Sinkies asking for it and deserves it !

 

[mooseolly]

As long as population keep increase even if hdb price won’t drop alot.

 

[arcturuz]

Ya
The nos. load of bulls !

I’ve just view a 3rm flat asking for $525k
Looking at the condition, needs at least 60-$70k to reno

knn total nearing $600k

Anyway, I noticed HDB no longer an affordable shelter for sinkies once upon a time

Most sinkies are slaves to loans and mortgages nowadays - for at least 30y lol

Sinkies asking for it and deserves it !

got as jiatlat as this ?

 

[Roundtreex]

Price Finally fall after edmwers getting bullish and all the bears crash thread is dead
Edmw always best reverse indicator!!! lol

 

[Fightfat]

Ya
The nos. load of bulls !

I’ve just view a 3rm flat asking for $525k
Looking at the condition, needs at least 60-$70k to reno

knn total nearing $600k

Anyway, I noticed HDB no longer an affordable shelter for sinkies once upon a time

Most sinkies are slaves to loans and mortgages nowadays -for at least 30y lol

Sinkies asking for it and deserves it !

Haha , you are good .
May I know why are you viewing 3rm flat ?
So you do not need any mortgages to buy the flat ?
And most importantly, I think you are not an old sinkie .
Only new sinkie are looking at 3 room resale flat .

 

[bruiser69]

Jin satki bros buyed 3rm hdb

 

[weng0202]

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

Why do you think the govt will not let the lease run to zero? It has already happened to the houses at Geylang after their lease ended in 2020. Those were built by then housing board.

 

[euro2012]

got as jiatlat as this ?

i think he niao ji niao lan ..