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Good news for those bought then
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youskevitch
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some units already transacted at 2.8k
Average is around $2.5k, so asking or most sellers likely to be $2.8k. For those that entered high and targeting $3k for exit, needs lots of luck. Bukit sembawang yet to launch too, let's see if it will be another LIV@MB, land price was pretty high
youskevitch
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good for those who entered 24xx (or less)
bukit sembawang plot is smaller (160 units only), and not sure if there is a direct connection to the mrt.
but will probably be a sell out, given the high demand in the area
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https://www.channelnewsasia.com/sin...emolished-2024-integrated-development-3909296
The hawker centre is being demolished in 2024 with a new centre up by 2029
The hawker centre is being demolished in 2024 with a new centre up by 2029
youskevitch
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huat for the owners then.
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The difference being a car cannot appreciate, but any good properties can.
not a fair analogy imo.
if buying 2m and 1.5m both can earn 300k in 3 years, if u can afford 2M and can maintain lifestyle go for it. Else it’s just face issue.
nonetheless most here cannot afford 2m in 1 name.
Precisely cars cannot appreciate, yet most people prefer to drive new cars over 2nd hand though depre is lower for latter
Good properties can appreciate, regardless of old or new, and that's why new projects hold their with 30-40% premium over resale counterparts
Personally if I can afford I will go for new too, don't like to stay somewhere where others stayed before
Yea. Many forumers are looking at the issue from their narrow perspective. They always think that a car is a depreciating asset and every single dollar they have must be in an appreciating asset.
For those who can afford, a car is a lifestyle. Fetch my children, bring my parents for their medical, run errands and weekend family trips. The lifestyle it brings is worth it. If you buy it at the right time, a $100k car is nothing compared to the $2.5m condo.
It only doesn't make too much sense if you don't earn a lot, you are single and you don't have family commitments.
Precisely, even if Coe is $150k, people will continue owning cars. To some its a need not a want. If one has a newborn or young kids, imagine taking grab or MRT to see PD.
Some prefer resale since it's perceived to have more value at 30-40% lower, not wrong but new launch also appeal to a target segment that is not value driven only, what they want is the best lifestyle for their family.
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Lifestyle?
that means it’s not a need.
similar to buyers whom only want brand new condos, its a case of face value.
having good cars inevitably still points to face value. A normal mitsubitshi car can also move from point A to point B. Need more space? Vezel too can, else outlander.
But merc bmw and Audi? And brand new somemore? To bring family to school / clinics?
Face value. The rest are just attributes to justify the face value. Even those whom don’t earn a lot try to go on this path.
As much as we want to justify the non monetary values from a depreciating asset (i.e.: lifestyle), we are just trying to cover up insecurities and the need for face value as an Asian, that’s the truth.
If one day a scenario arise that one is retrenched, and need to give up this lifestyle, confirm will find it hard to do so because one has been living too long with it. But of course they know it’s not a need. But the face value to answer to others is difficult and will try to find means to hide it, whether well to do or not.
applies to both properties or car. But only one allows the ability to cash out and mitigate inconveniences if bought correctly
DevilPlate
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No leh…..some 2nd hand car depreciate more than brand new car sia.
Personally, if i can afford i will go for brand new car….dont like to drive 2nd hand car and duno the history and maintenance of the car.
Lifestyle?
that means it’s not a need.
similar to buyers whom only want brand new condos, its a case of face value.
having good cars inevitably still points to face value. A normal mitsubitshi car can also move from point A to point B. Need more space? Vezel too can, else outlander.
But merc bmw and Audi? And brand new somemore? To bring family to school / clinics?
Face value. The rest are just attributes to justify the face value. Even those whom don’t earn a lot try to go on this path.
As much as we want to justify the non monetary values from a depreciating asset (i.e.: lifestyle), we are just trying to cover up insecurities and the need for face value as an Asian, that’s the truth.
If one day a scenario arise that one is retrenched, and need to give up this lifestyle, confirm will find it hard to do so because one has been living too long with it. But of course they know it’s not a need. But the face value to answer to others is difficult and will try to find means to hide it, whether well to do or not.
applies to both properties or car. But only one allows the ability to cash out and mitigate inconveniences if bought correctly
In short, got money, can afford, go ahead and buy a car. Beh kan, no money, don't buy a car and don't complain.
I can't afford a Hermes, I try my best to argue how stupid it is to buy luxury bag.
I can't afford a business class, I try my best to argue how stupid it is when you can take economy for a 4h flight.
I can't afford a landed, I try my best to argue how HDB is the best bang for buck.
Yes, it makes you feel better, you won the argument, so? The successful people are still buying cars, landed, luxury trips but you won the argument.
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Everyone is free to voice views, there’s no winning or losing.
Gonna be a disaster if coming generation leverage on face value rather than actual value perceived.
It’s unfortunate. When we were growing up, we lament our parents for always wanting face, now, ‘can afford so just buy whatever you like’.
Not all successful people flaunt their wealth. In fact the ‘minor rich’ or the ‘crazy rich’ are the ones whom do. The latter does it to generate wealth, nothing else.
Basic qualities such as filial piety, generosity, communications, and perhaps more importantly being humble/less flashy ain’t considered values anymore. In my opinion, I value these values with wealth. With wealth only doesn’t make one formidable - esp for those whom had $$ from family, however big/snall sum it may be.
As long one can afford they’re at e top, that’ll be disappointing.
Gonna be a disaster if coming generation leverage on face value rather than actual value perceived.
It’s unfortunate. When we were growing up, we lament our parents for always wanting face, now, ‘can afford so just buy whatever you like’.
Not all successful people flaunt their wealth. In fact the ‘minor rich’ or the ‘crazy rich’ are the ones whom do. The latter does it to generate wealth, nothing else.
Basic qualities such as filial piety, generosity, communications, and perhaps more importantly being humble/less flashy ain’t considered values anymore. In my opinion, I value these values with wealth. With wealth only doesn’t make one formidable - esp for those whom had $$ from family, however big/snall sum it may be.
As long one can afford they’re at e top, that’ll be disappointing
.
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Imo it’s about resale potential.
If the current crowd doesn’t want to move to Bugis, you’ll unlikely to attract the masses to buy units in Bugis in the next 5 years.
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Yes, comes at a cost and also holding power needs to be there - very similar to properties.
As long one needs it, go ahead.
Johnpierpontmorgan
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Which district masses love to stay? RCR any good district
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Every district is a good district, like schools.
just that there are better ones, and depending on what you can afford.
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