Hahaha I still in army in 1998, so I manage to figure out that Bro Frodo is older (and probably richer) than me!
Older but definitely not richer...:(
Hahaha I still in army in 1998, so I manage to figure out that Bro Frodo is older (and probably richer) than me!
What 40 years of free rental? At most 12 years lah, unless the owner had special circumstances....
When those first birders bought into East Ledang or HH, semis were RM 600k plus. People say they sure die cos nothing is in place. Absolutely nothing. Not even Highways or shops.. factories? No
Why not 40 years?
They bought the flat 40 years ago and sold it now with a capital gain of 20 times which means technically all those 40 years is free rental!
And how you arrive at 12 years??
Older but definitely not richer...:(
I think u richer leh.... I am just a struggling peasant who ironically supports the PAP in its population scheme! Hehehe......
Strange that u think Astaka will do well. I thot the surroundings are far from nice ? I wont wanna stay there as the surrounding area upkeep is very important to me...
Technically it won’t be wrong to simply count all condo units and conclude glut. But it would not be right either to then conclude that anyone who has bought or is going to buy a condo would be screwed because he cannot find tenant or buyer due to glut. It has to depend on which project we are talking about, as you also pointed out. It may be hard to separate the condo projects, but choosing the easier “lump them together” perspective may not give an accurate picture either. Perhaps we should aim to give a more balanced views, adding in qualifiers to our comments.
Then how do you define a property glut?
And what is exactly is a "balance view" of a glut?
Or are you going to say something like : there is a huge glut in Bandar area but great demand in Terbrau area; there is a another major glut in Danga Bay area but no glut in Senibong?
So in the end, glut or no glut?
Just like the bull and bear in the stock market.
The bear market is when there are more selling, and worse is panic selling, hence pressuring the stock prices downwards.
Just like the recent bloodshed in the market when indexes can plunge by as much as 5% in one single day where billions just evaporated into the thin air.
Fortunately many markets disallowed short selling, otherwise it will be even worse.
But in a bear market, there are also some gems that held on well and even appreciated and there are also many people making good money in a bear market!
And buying selectively and wisely during a bear market, you may even make more money then in a bull market!
But despite this, it is still a bear market, it's the overall situation of the market sentiment.
So again, what is your point?
I am only richer.....in debt. :(
Haha, I have close to S$1m in debt leh (both spouse combined)..... so it's confirmed I have more debt lah......hehehe......
Your debt supported by two income earners, I more chum...whole debt supported by one salary...:(
Everybody agrees that SG is having a supply Glut issue since 2014.
Everyone say rentals are free falling so is prices since 2014.
I would like to share my personal experience.
My unit was rented at the same $ since 2013 again in early 2015 for 1yr.
It was again renewed at the same $ this month for 2years till 2018.
So… Glut or No Glut? $ Up or down? Rental $ Up of down?
Property Crash bo? Rental crash bo?
I say Yes & No.
It depends on many other factors.
No 1 size fits all theory.
So… Glut in JB = Doom & Gloom?
Even in glut, we make money. There's always opportunities in every crisis.
If everything is so transparent upfront, then it is not astute investment anymore. It is called buying properties in supermarkets with a fixed price tag. It is a matter how marketing people term it, differentiation and segmentation.
Iskandar is very big, land is limitless. One size does not fit all. Look for the gem in the mixed bag of properties and location.
There are limited land in a limitless land. You will find it if you try hard.
Glut in Johor is more serious as they have lots of land too.
One million Singapore dollars...RM 3 million....wah ... so rich.
Not me lah....I am one of those people whom if you peek over my shoulder to see my ATM balance you would um chio and say "wah lau eh....This Singaporean cannot make it liao."