Which Direction Will Property Prices Go ?

arctician

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Ya when it comes to lease, HDB owners are treated differently and equitably. Private condo lease starts from the date the developer renews it, ie when they legally own the land after completion of the purchase from previous land owner.
Yah last time took 4y to build a 99y condo, now 5y. The private LH owners are the one most impacted. But well to be fair developers also facing margin suppression, foreign worker also lock up in quarantine last year..guess everyone has to share the pain
 

䏣炆玧示老太

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Yah last time took 4y to build a 99y condo, now 5y. The private LH owners are the one most impacted. But well to be fair developers also facing margin suppression, foreign worker also lock up in quarantine last year..guess everyone has to share the pain
can't wait then buy those TOPed condo,simple as that
>30k such units still left unsold right?
 

BTGoh87

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The government say buyers are to fairly share in the burden if view of rising construction costs. I don't think giving people compensation (whether by lease extension or property tax waiver) makes sense in relation to the government's stated intention.
Then we end up incurring higher interest in the 3rd and subsequent years until we collect kegs and big chunk of payment is released by bank then we do refinancing. Long story short, we not only end up with shorter remaining lease, we pay higher interest for from year 3 until TOP when we do refinancing, we also incur extra rent if we are renting a place while waiting for new place to TOP.... I think we are losing out on a lot not only shorter remaining lease. The Govt ought to give us some relief as this pandemic is unprecedented and like the Govt and businesses, we as home buyers did not cater for all that ⚠️ Why are we expected to silently absorb the impact?
 

1993newbie

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Good leh then why ppl still unhappy.. For condo i think lease start from date they acquired the land or construction date..some of the lease start 2017 but top 2022. Lost 5 years of lease..
Hmm I guess it affected their plans in family planning & upgrading coz their MOP will be pushed further since all BTOs are sure profitable.
 

japst3r

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Then we end up incurring higher interest in the 3rd and subsequent years until we collect kegs and big chunk of payment is released by bank then we do refinancing. Long story short, we not only end up with shorter remaining lease, we pay higher interest for from year 3 until TOP when we do refinancing, we also incur extra rent if we are renting a place while waiting for new place to TOP.... I think we are losing out on a lot not only shorter remaining lease. The Govt ought to give us some relief as this pandemic is unprecedented and like the Govt and businesses, we as home buyers did not cater for all that ⚠️ Why are we expected to silently absorb the impact?

Your points are valid, but unfortunately the government's interest is to help businesses over middle-class home-owning individuals. People who buy private properties and are particular about these matters you talked about are likely to fall within this category. The rich don't care about these as their lifeline is in their businesses. The poor also are not affected by such property-related matters. If any sort of relief or assistance will be granted to buyers, it would more likely be for first-timer/young couples who are waiting for their BTOs as that forms the largest base and are also considered as the future of Singapore. But who knows? All depends on the government's budget also. But to help out private condo owners is likely to create a lot of discontentment in the large population because taxpayers money is being used to subsidise investments of a very small segment in society. End of the day, private condo owners are not a lot compared to HDB.
 

holasingapura

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Then we end up incurring higher interest in the 3rd and subsequent years until we collect kegs and big chunk of payment is released by bank then we do refinancing. Long story short, we not only end up with shorter remaining lease, we pay higher interest for from year 3 until TOP when we do refinancing, we also incur extra rent if we are renting a place while waiting for new place to TOP.... I think we are losing out on a lot not only shorter remaining lease. The Govt ought to give us some relief as this pandemic is unprecedented and like the Govt and businesses, we as home buyers did not cater for all that ⚠️ Why are we expected to silently absorb the impact?
Govt provided so many reliefs for sinkies still not enough? More than a year of debt moratorium and billions injected to fund your wages!

Is the govt to blame for covid-19? Greedy and self-entitled sinkie!
 

arctician

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can't wait then buy those TOPed condo,simple as that
>30k such units still left unsold right?
no thats last time, now is 20K+ liao including unsold and all uncompleted.

Analyst have been warning on the dwindling land bank of developers and inventory stock at all time low, they predicting the next wave of enbloc fever seen in 2017-2018 to happen soon.

i know some people have been waiting at sidelines since last year predicting a major correction in real estate but surprisingly it didnt happen, so they have been talking the market down.

Same for me i been waiting since last year, but when prices didnt correct after dec 2020 upon ending of loan repayment relief, i know cant wait anymore, visited 10+ projects and issued cheque all in 2 weeks. Sometimes we just have to accept the market reality.
 

Passerboy

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no thats last time, now is 20K+ liao including unsold and all uncompleted.

Analyst have been warning on the dwindling land bank of developers and inventory stock at all time low, they predicting the next wave of enbloc fever seen in 2017-2018 to happen soon.

i know some people have been waiting at sidelines since last year predicting a major correction in real estate but surprisingly it didnt happen, so they have been talking the market down.

Same for me i been waiting since last year, but when prices didnt correct after dec 2020 upon ending of loan repayment relief, i know cant wait anymore, visited 10+ projects and issued cheque all in 2 weeks. Sometimes we just have to accept the market reality.
U waited since dec 2020 still ok, some here have been advocating a correction since pre-Covid and pre-2018 CM... 3 years passed.
 

japst3r

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U waited since dec 2020 still ok, some here have been advocating a correction since pre-Covid and pre-2018 CM... 3 years passed.
It's impossible to time a market crash. It's also not possible to predict the extent of the crash. But crashes do not wipe out value entirely. So the question also morphs into one of how high did the market climb and at what point of the climb did one enter? If you enter early, the crash is not going to affect you as bad as entering late. Not entering at all and you might end up purchasing at a value not too different from pre-crash. Then you gotta ask yourself whether all the lost time was worth it at all anyway. Moral of the story is in any investment, it is hard to time the market. Particularly so for property, which tends to be illiquid. Go in with eyes wide open and make a rational decision at the purchase time, accepting the risk of loss as well.
 

holasingapura

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U waited since dec 2020 still ok, some here have been advocating a correction since pre-Covid and pre-2018 CM... 3 years passed.
Before you jump into telling your stories, do read carefully. He had been waiting "since last year", but only took the plunge after "dec 2020". :p

Anyhow did prices not correct slightly in 2019/early 2020 from 2018 launch prices?
 

holasingapura

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U waited since dec 2020 still ok, some here have been advocating a correction since pre-Covid and pre-2018 CM... 3 years passed.
Woodleigh had massive price reduction to 1,700psf. Now second round of slashing for "lakefront series".

Riviere, Avenue South just cut prices. 6 figure discounts.

Garden was initially launched at 1,700psf.

I am sure being deputy chairman of expert panel, you are able to list out many more.
 

Passerboy

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Woodleigh had massive price reduction to 1,700psf. Now second round of slashing for "lakefront series".

Riviere, Avenue South just cut prices. 6 figure discounts.

Garden was initially launched at 1,700psf.

I am sure being deputy chairman of expert panel, you are able to list out many more.
These projects were over priced at the start..

so must be discerning I guess..
 

Falafell

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Actually TWR was an interesting case. 2018 launch, lake facing units were sold at 21xx psf while outer facing were sold at 19xx-20xx psf. After correction in 2019 launch, lake facing became 23xx psf and outer facing became 17xx-20xx psf.

Now certain fake lake facing units are slashed from 23xx psf to 21xx-22xx psf, citing huge discounts. Was there even a discount to begin with?
 

䏣炆玧示老太

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有錢使得鬼推磨
Gov holds on to land supply tight
Developers need to run business have to pay higher for enbloc to go through
Gov just need to raise the plot ratio a bit to let developers profitable to sell.
New launch easily can sell lar everyone happy
 

daheigou999

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Then we end up incurring higher interest in the 3rd and subsequent years until we collect kegs and big chunk of payment is released by bank then we do refinancing. Long story short, we not only end up with shorter remaining lease, we pay higher interest for from year 3 until TOP when we do refinancing, we also incur extra rent if we are renting a place while waiting for new place to TOP.... I think we are losing out on a lot not only shorter remaining lease. The Govt ought to give us some relief as this pandemic is unprecedented and like the Govt and businesses, we as home buyers did not cater for all that ⚠️ Why are we expected to silently absorb the impact?
Why does the government need to come out and subsidise “rich” condo buyers?

They covered business rents previously to prevent economy from collapsing, rather than trying to bail out individuals.
 

dareaper

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no thats last time, now is 20K+ liao including unsold and all uncompleted.

Analyst have been warning on the dwindling land bank of developers and inventory stock at all time low, they predicting the next wave of enbloc fever seen in 2017-2018 to happen soon.

i know some people have been waiting at sidelines since last year predicting a major correction in real estate but surprisingly it didnt happen, so they have been talking the market down.

Same for me i been waiting since last year, but when prices didnt correct after dec 2020 upon ending of loan repayment relief, i know cant wait anymore, visited 10+ projects and issued cheque all in 2 weeks. Sometimes we just have to accept the market reality.
Wah, bought which development?
 

arctician

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Before you jump into telling your stories, do read carefully. He had been waiting "since last year", but only took the plunge after "dec 2020". :p

Anyhow did prices not correct slightly in 2019/early 2020 from 2018 launch prices?
ya how did you know? in 2019 and early 2020 i notice prices did correct by 1% from 2018 launch price. So for someone who entered in 2H 2020 or early 2021, we probably paid 1%+ more from historical low.

Anyway we also must note human psy is an amazing thing, when market goes down owners are willing to sell to you at MARKET price, but buyers will wait at sidelines waiting for it to fall further. When market recovers buyers are willing to pay fair price but by then, owners are only willing to sell ABOVE market...so in the end they will also stay sidelines because they dont want to overpay.

IN the end some buyers forever at sidelines.

Wah, bought which development?
nothing much just a place in D21 known to have huge oversupply, not an investment need a home to stay :ROFLMAO:
 

The_Davis

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Then we end up incurring higher interest in the 3rd and subsequent years until we collect kegs and big chunk of payment is released by bank then we do refinancing. Long story short, we not only end up with shorter remaining lease, we pay higher interest for from year 3 until TOP when we do refinancing, we also incur extra rent if we are renting a place while waiting for new place to TOP.... I think we are losing out on a lot not only shorter remaining lease. The Govt ought to give us some relief as this pandemic is unprecedented and like the Govt and businesses, we as home buyers did not cater for all that ⚠️ Why are we expected to silently absorb the impact?
Really self fish and self entitled
 

coolhead

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Then we end up incurring higher interest in the 3rd and subsequent years until we collect kegs and big chunk of payment is released by bank then we do refinancing. Long story short, we not only end up with shorter remaining lease, we pay higher interest for from year 3 until TOP when we do refinancing, we also incur extra rent if we are renting a place while waiting for new place to TOP.... I think we are losing out on a lot not only shorter remaining lease. The Govt ought to give us some relief as this pandemic is unprecedented and like the Govt and businesses, we as home buyers did not cater for all that ⚠️ Why are we expected to silently absorb the impact?
pandemic has been here for close to 1.5 year. Not considered unprecedented. it is already precedented.
 
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