OLA EC @ Anchorvale

[ThinkCarefully]

FS master analysis of OLA i just copy paste to share,not watching myself

Telling families to determine the sex of your next offspring to control a boy or girl to fit the predictions if you want to live in OLA.

 

[ThinkCarefully]

No pent up demand lah. Is no demand lah.

1. foreigner running away.
2. local retrenchment on the rise.
3. high pay job gone.
4. low pay job a lot.

Strange. Mr.Z from one of the TOP three agency just presented on zoom yesterday now is the best time to buy...because it is the start of bull run for property prices...

Anyone buys this?

 

[bolster]

Strange. Mr.Z from one of the TOP three agency just presented on zoom yesterday now is the best time to buy...because it is the start of bull run for property prices...

Anyone buys this?

Have not enter bear how to go bull?

Did ola price drop for the past few weeks? No right? Then?

 

[bolster]

We should invite TOP 3 agents in this forum to be franks with us.

 

[holasingapura]

Strange. Mr.Z from one of the TOP three agency just presented on zoom yesterday now is the best time to buy...because it is the start of bull run for property prices...

Anyone buys this?

All these “experts” and their BS. Can’t believe even CNA choose to interview them for analysis of the property market. No wonder we have many gong gong go buy OLA. Or is it paid advertisement..

 

[Polar Bear King]

Telling families to determine the sex of your next offspring to control a boy or girl to fit the predictions if you want to live in OLA.

he said 1st girl of family not good leh
means buy OLA live inside must give birth to all boys lar

 

[momoeagle]

he said 1st girl of family not good leh
means buy OLA live inside must give birth to all boys lar

And must be first son only. 2nd daughter also good.
2nd son 3rd son and mummies will be challenging according to him.

 

[momoeagle]

No pent up demand lah. Is no demand lah.

1. foreigner running away.
2. local retrenchment on the rise.
3. high pay job gone.
4. low pay job a lot.

Singaporeans many have a lot spare cash lying in cpf or bank account.

My sis and her husband have combined 600k in cpf and cash waiting for 2nd property liao. Just normal highly paid civil servants with iron rice bowl.

And... they are definitely not the only ones...

 

[momoeagle]

Strange. Mr.Z from one of the TOP three agency just presented on zoom yesterday now is the best time to buy...because it is the start of bull run for property prices...

Anyone buys this?

It is always the best time to buy.

 

[jerichoo]

Strange. Mr.Z from one of the TOP three agency just presented on zoom yesterday now is the best time to buy...because it is the start of bull run for property prices...

Anyone buys this?

Nope.

Smells of bs to me

 

[birmingham123]

Singaporeans many have a lot spare cash lying in cpf or bank account.

My sis and her husband have combined 600k in cpf and cash waiting for 2nd property liao. Just normal highly paid civil servants with iron rice bowl.

And... they are definitely not the only ones...

If you are saying total 600k for a couple even for 2nd property, it is not alot also. Unless government do away with the absd and property price drop to 900psf like high park residence last time, then possible to buy a 1000sf unit without big commitment

 

[ThinkCarefully]

If you are saying total 600k for a couple even for 2nd property, it is not alot also. Unless government do away with the absd and property price drop to 900psf like high park residence last time, then possible to buy a 1000sf unit without big commitment

Agreed. Many people are scxxd by the absd and tdsr.

Taking worst case scenario, 3rd property, absd 15%, tdsr 35%, meaning they need 80 to 85% as the bank loans you less and you need to pay many duties admin legal etc.. therefore cash plus cpf of 600k can only afford property about 750 k... what can you buy these days with 750k?

If second property, slightly better, can afford about 850 k to 1 mil property, I estimate.

 

[holasingapura]

Singaporeans many have a lot spare cash lying in cpf or bank account.

My sis and her husband have combined 600k in cpf and cash waiting for 2nd property liao. Just normal highly paid civil servants with iron rice bowl.

And... they are definitely not the only ones...

Agree that many have lots of savings, possibly including you.

However, must all of it be used for property? Does it mean as long as we have a few hundred k / millions in savings, property is not expensive?

 

[andyhtc]

After factoring in the few hundred k of taxes and legal fees, plus the hassle of managing tenants and repairs, I will be better off not investing in any more properties at current prices (I already have a few). However, if property prices drop by 10-15% to off-set the taxes, I will consider again. Now, I just look at my CPF for leisure

 

[bolster]

Agree that many have lots of savings, possibly including you.

However, must all of it be used for property? Does it mean as long as we have a few hundred k / millions in savings, property is not expensive?

But a lot of people with that kind of cash, already lost a lot of $ in share.

Easily wipe off 50%.

 

[Passerboy]

But a lot of people with that kind of cash, already lost a lot of $ in share.

Easily wipe off 50%.

Holding excessive shares to the tune of more than 200k prior to this black swan event would likely mean that the individual have more than 30% of his holdings wiped out. But the same can’t be said for a property as yet.

Don’t see those holding property having 30% of value wiped out unless the quantum is high.

In short, property is likely more resilient in this situation. Of cos, holding cash is best if u are really risk averse.

 

[skpuppy]

Most cannot understand why would anyone pay 12xx psf for an EC (with restrictions) in a ulu location.

However one reader (you can scroll down) argues that there are many other considerations when buying

I added if it were your money, just do as you wish.
Lose money or not, you happy, can already.

$1200psf is kumgong. Lol! If you ask anyone, the COVID 19 is much worst than SARS. If property can drop 30% during SARS, can give any reason why today is the best time to buy?

 

[NiShiZhu]

$1200psf is kumgong. Lol! If you ask anyone, the COVID 19 is much worst than SARS. If property can drop 30% during SARS, can give any reason why today is the best time to buy?

Property price did not drop 30% during SARS.
Property price has already been depressed ever since 1998 economy crisis.
It only starts to pick up in 2007.
It’s a Long winter period for property from 2000 to 2005.

 

[ThinkCarefully]

Received complaints from friends about this Malaysian Developers finishing for recent condo projects in Singapore....range from cracked mirrors, sliding doors which do not close, cabinet shelves that do not lay flat etc.

Ola EC Buyers beware.

 

[NiShiZhu]

Received complaints from friends about this Malaysian Developers finishing for recent condo projects in Singapore....range from cracked mirrors, sliding doors which do not close, cabinet shelves that do not lay flat etc.

Ola EC Buyers beware.

Does M+S has a part to play on MOR mediocre furnishing?
I dunno much about this developer.